Ezra rebound likely to be short-lived: analysts

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.