Brokers' Take
Singapore oil and gas > Neutral OCBC Investment Research, Feb 3
EVER since Opec announced that it will cut production - the first time in eight years - in late November last year, oil prices have increased from the mid-US$40s to the mid US$50s currently. Investors keen to gain exposure to oil plays have generally focused on the large caps like Keppel Corp (+16 per cent), Sembcorp Industries (+19 per cent), Sembcorp Marine (+9 per cent) and mid-sized Ezion Holdings (+20 per cent), possibly due to concerns that some smaller companies would face greater financial difficulties under the tough environment.
Singapore banks > Underweight CIMB Research, Feb 2
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
BlackRock, Citadel reap billion-dollar deals from Australia fund
Credit Suisse faces 50 billion won South Korea short-sale fine
Nvidia supplier SK Hynix says HBM chips almost sold out for 2025
Jim Beam owner bets on canned vodka cocktails to double revenue
Hot stock: Nio climbs about 19.8% on stronger vehicle delivery performance
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO