Triyards stock rides on deal win and Ezra's advance
RHB maintains "buy" rating for the oil and gas-linked stock
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.
Lending weight was the trading in shares of parent company Ezra Holdings, which gained 4.2 per cent at S$0…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Sanofi Q1 profit slips on generic competition, forex effects
Toyota hits record annual output, sales on robust demand
Latest Singapore 6-month T-bill offering cut-off yield of 3.74% as applications dip
Suntec Reit Q1 DPU down 13% to S$0.01511 in absence of capital distribution
Nissan, Mazda roll out new models for China as they aim for comeback
South Korea readies new system to detect illegal short-selling