Triyards' Q3 profit warning raises questions
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
IF THE underlying tones of two recent regulatory announcements are any indication, Triyards could be the next business unit of the financially troubled Ezra group to hog the headlines, despite having stayed above water for over two years in a prolonged offshore and marine (O&M) downturn.
On July 7, the yard operating subsidiary of the erstwhile stock market darling, Ezra Holdings, issued a profit warning for its third-quarter financial results. The yard group followed through with a second announcement, warning of a material impairment on Houston-based properties that were acquired for developing oil and gas (O&G)-related businesses.
Investors who have read these announcements in reverse order, may well end up connecting Triyards' potential Q3 loss to the "material impairment".
Copyright SPH Media. All rights reserved.
TRENDING NOW
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
