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Ezra rebound likely to be short-lived: analysts

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Published Mon, Sep 26, 2016 · 09:50 PM

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Singapore

EZRA Holdings Ltd is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company's shares to all-time lows. But the rally will be short-lived amid deepening financial distress in the industry, analysts say.

Ezra has surged more than 40 per cent in September, and oil-related companies including Ezion Holdings Ltd and Vard Holdings Ltd are among the top five gainers on the 129-member FTSE Straits Times All-Share Index for the month.

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