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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

Triyards has reduced the share of newbuild liftboat contracts in its outstanding order book to 58%, from 80-85% a year ago, but prospects are still positive in this core asset segment of its shipbuilding portfolio.

"Triyards has entrenched itself further in new areas such as the renewable energy sector." - CEO Chan Eng Yew


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...

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