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Ezra rebound likely to be short-lived: analysts

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

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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Companies & Markets

Companies & Markets

Ezra rebound likely to be short-lived: analysts

Companies & Markets

Baltimore’s trapped ships start leaving as new channel opens

S&P slashes Boeing credit outlook as rating hovers above junk status

Honda to spend US$11 billion on EV strategy in Canada

GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology

Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336

Nasdaq’s profit falls as shaky economy keeps IPO revival elusive

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