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Triyards stock rides on deal win and Ezra's advance

RHB maintains "buy" rating for the oil and gas-linked stock

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Published Mon, Dec 21, 2015 · 09:50 PM

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    Singapore

    SHARES in Triyards, which fell one cent to S$0.415 on Friday despite an overnight announcement of shipbuilding contracts worth US$45.5 million, more than made up for it on Monday.

    The stock closed at S$0.435, up two cents or 4.8 per cent, in what could be a belated reaction to its contract win. Triyards opened at S$0.41 on Monday, extending losses from a Friday close of S$0.415, but rebounded within the first hour of trading. The oil and gas-linked stock resisted pressure from a broad market slide and the continued weakening of Brent oil prices.

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