You are here

Stocks to watch: Ezion, Geo Energy, CDL, Noble, Nera Telecommunications

BP_Noble_100818_44.jpg

THE following companies saw new developments which may affect trading of their shares on Friday:

Ezion Holdings: Liftboat-focused Ezion Holdings returned to profitability in the second quarter mainly on fair value adjustments arising from its refinancing exercise, which more than offset a gross loss from its operations. Ezion posted a profit after tax of US$86.96 million for the quarter ended June 30, 2018, reversing from a loss after tax of US$2.57 million for the year-ago period. Second-quarter earnings per share was 2.84 US cents, compared to a loss per share of 0.3 US cent for the same quarter the previous year.


Geo Energy Resources: Geo Energy Resources' unit, PT Tanah Bumbu Resources (TBR), has completed its first shipment of 50,000 tonnes of coal worth more than US$2 million from its TBR mine to PT Sulawesi Mining Investment, part of Chinese state-owned Tsingshan Holding Group. The shipment will be part of the group's fulfilment of its domestic market obligation requirement set by the Indonesian government.


City Developments (CDL): Property and hotels group CDL, which posted stronger second-quarter and first-half bottomlines, has set a 10-year target to grow its annual recurring earnings before interest, tax, depreciation and amortisation (Ebitda) to S$900 million. In the first half of this year, recurring Ebitda was S$290 million. For FY2017, the figure was nearly S$600 million.


Noble Group: Noble Group on Friday announced that a special general meeting (SGM) to approve the company’s proposed restructuring has been convened for Aug 27, at 2.30pm. To-date, the restructuring has received support from a number of the company’s stakeholders in line with the board’s objective to conclude a consensual restructuring process, said Noble.

Your feedback is important to us

Tell us what you think. Email us at btuserfeedback@sph.com.sg


Nera Telecommunications: Mainboard-listed Nera Telecommunications Ltd announced on Friday it has clinched S$11.8 million worth of new contracts for its network infrastructure (NI) business segment.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes