Ezion: Proposed Yinson takeover bid lapses after conditions aren’t met
Ezion said Tuesday Yinson’s offer to subscribe to its shares and convert its debt into equity has lapsed, with conditions unmet after six months.
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PACC: JV’s event of default triggers cross-default
PACC Offshore Services Holdings said Saturday that the event of default for its 50 percent-owned joint venture PTPL, had triggered a cross-default.
PACC Offshore Services: JV in default on around US$28 million loan facility
POSH, said Thursday an event of default has occurred on a loan facility to POSH Terasea (PTPL), a 50-50 joint venture with Terasea.
Ezion posts 2Q19 US$364 million loss after tax on impairments
Ezion reported Friday a 2Q19 loss after tax of US$363.91M, swinging from a profit after tax of US$96.10M in the year-ago period, after taking impairments.
Ezion warns it expects ‘significant’ net loss for 2Q19 and 1H19
Ezion Holdings warned Thursday it expected to report a “significant” net loss for the second quarter and first half due to asset impairments.
Ezion revamps senior management team
Ezion Holdings said Friday it has reorganized its senior management team, effective Monday.
Ezion reports 1Q19 loss after tax narrowed as operating expenses fell
Ezion Holdings reported Wednesday its 1Q19 loss after tax narrowed to US$12.85 million from US$40.37 million in the year-ago period, amid lower expenses.
UPDATE: Singapore stocks to watch Monday: UIC, OUE, Yangzijiang, Keppel, Ezion, ST Engineering, Heeton
These are Singapore companies likely to be in focus on Monday, 15 April 2019: UIC, OUE, Yangzijiang, Keppel, Ezion and Yongnam.
Ezion: Yinson still in talks with lenders on debt agreements
Ezion said Friday Malaysian offshore services provider Yinson was still in talks with the Singapore company’s lenders over debt assignment agreements.
UPDATE: Singapore stocks to watch Friday: Ezion, Accordia Golf Trust, JUMBO, Aspial, Koufu
These are Singapore companies which may be in focus on Friday, 12 April 2019: Ezion, Accordia Golf Trust, JUMBO Group and ValueMax.
Ezion says it can continue as a going concern
Ezion said Thursday it believed it could continue as a going concern after its independent auditor, KPMG, included a statement of material uncertainty.
UPDATE: Singapore stocks to watch Monday: Swiber, SIA Engineering, SIA, Hyflux, CapitaLand
These are Singapore companies which may be in focus on Monday, 1 April 2019: Swiber, SIA Engineering, Hyflux, Singapore Airlines and CapitaLand.
Yinson plans takeover of Ezion in proposed US$916 million debt transfer
Yinson is in advanced talks to take over US$916 million of debts from troubled liftboat charterer Ezion’s lenders, the Singapore company said Sunday.
UPDATE: Singapore stocks to watch Monday: Thai Beverage, Ezion, Pine Capital, AA REIT, DeClout
These are Singapore companies which may be in focus on Monday, 4 March 2019: Thai Beverage, Ezion, Pine Capital, AA REIT and Singtel.
Ezion requests mandatory suspension of shares
Ezion requested a mandatory suspension of its shares Monday. That followed a voluntary suspension Friday citing advanced discussions with a potential strategic investor.
Ezion shares in voluntary trading suspension amid advanced talks with potential investor
Ezion requested a voluntary suspension of trade in its shares Friday, citing advanced discussions with a potential strategic investor which has begun some due diligence.
Ezion reports 4Q18 loss after tax widened as utilization and charter rates fell
Ezion reported Friday its 4Q18 loss after tax widened to US$390.83 million as utilization and charter rates fell and amid an industry credit crunch.
UPDATE: Singapore stocks to watch Wednesday: CapitaLand, Golden Agri, OUE, Olam, UOL
These are Singapore companies which may be in focus on Wednesday, 27 February 2019: CapitaLand, Golden Agri, UOL, OUE and Olam.
Ezion downgraded by DBS after profit warning dampens turnaround story
DBS downgraded Ezion to Hold from Buy and slashed its target price to S$0.06 from S$0.14 after the company issued a profit warning last week.
UPDATE: Singapore stocks to watch Monday: CapitaLand, No Signboard, DeClout, Hyflux, Noble, Courts Asia
These are Singapore stocks which may be in focus on Monday, 4 February 2019: CapitaLand, No Signboard, ST Engineering, DeClout, Hyflux and Noble.
Ezion warns of 4Q18 losses results amid loan impairments
Ezion Holdings expects to post fourth-quarter and full-year net losses on possible impairments to loans to joint ventures, the liftboat owner said Monday.
Singapore stocks to watch Friday: Keppel, Frasers Commercial, Courts Asia, LMIRT, Sino Grandness
These are Singapore stocks which may be in focus on Friday, 18 January 2019: Keppel Corp. Keppel Capital Holdings’ private fund management arm Alpha Investment…
Singapore stocks to watch Thursday: Ezion, Ascendas Hospitality Trust, ST Engineering
These are Singapore shares which may be in focus on Thursday 29 November 2018: Ezion Holdings Ezion Holdings said it wasn’t aware of any information…
Ezion points to potential strategic investors after 40 percent surge in stock price
Ezion Holdings said it wasn’t aware of any information that would explain the more than 40 percent surge in its stock price on Wednesday, but…
UPDATE: Singapore stocks to watch Monday: Hi-P, Singtel, Cache Logistics, Suntec REIT, Ezion
These are the Singapore stocks which may be in focus on Monday 15 October 2018: Hi-P International Hi-P International on Sunday issued a profit warning…
UPDATE: Singapore stocks to watch Tuesday: CapitaLand, Stamford Land, Delong, Yongnam, Ezion
These are the Singapore stocks which may be in focus on Tuesday 2 October 2018: CapitaLand CapitaLand said on Tuesday it took a 50 percent…
Singapore stocks to watch Friday: ESR REIT, Keppel REIT, CityDev, Interra, Shopper360
These are the Singapore stocks likely in focus on Friday, 31 August 2018: ESR REIT ESR REIT said on Thursday that it had been informed…
Singapore stocks to watch Friday: SGX, Keppel, SBS Transit, Ezion, Courts Asia, Noble
These are the Singapore stocks likely in focus on Friday 10 August 2018: Singapore Exchange Singapore Exchange reported on Wednesday its total securities market turnover…
Ezion enters joint venture to own and operate liftboats
Ezion Holdings said on Thursday its wholly owned subsidiary Teras Investments entered a deal with Alliance Offshore to create a joint venture to own and…
Singapore stocks to watch Wednesday: SembMarine, Ezion, HPHT, Venture, Sembcorp
These are the Singapore stocks in focus on Wednesday 13 June 2018: Sembcorp Marine Sembcorp Marine subsidiary LMG Marin secured its first polar-expedition cruise-ship design…
Singapore stocks to watch Thursday: Genting Singapore, Ezion, Del Monte Pacific
These are the stocks to watch on Thursday 7 June 2018: Genting Singapore Shares of Genting Singapore ended Wednesday down 3.13 percent at S$1.24, amid…
Ezion outlook cut by UOB KayHian, saying recovery will be slow
UOB KayHian cut its outlook for Ezion, saying that despite indications earnings are on the mend, recovery will be slow. “2018 is likely to be…
DBS: Ezion offers a ‘bottom-fishing opportunity’ after selloff
Shares of Ezion offer a “bottom-fishing opportunity” after the “unwarranted” selloff since the stock resumed trading, DBS said in a note this week. “We hold…
Singapore Pre-Market Monday: Malaysia markets, Olam, ComfortDelGro, City Developments
Singapore shares will start trade on Monday with a positive lead from Wall Street on Friday offset by a string of geopolitical jitters and with…
Ezion shares spike higher after trade resumes, but retrace some gains
Ezion shares spiked higher as they resumed trade on Tuesday for the first time since August, but the stock began to retrace some gains by…
Ezion upgraded by UOB KayHian on expectations of post-restructuring recovery
UOB KayHian upgraded Ezion to Hold from Sell on its expectations the successful restructuring can lead to a recovery and a potential re-rating of the…
Ezion upgraded to Buy by DBS after investment from Temasek-linked fund
DBS upgraded Ezion to Buy from Fully Valued after Temasek-linked Pavilion Capital invests up to S$50 million in the company. “Ezion is poised to re-rate…