Latest update as of 16/02/2017 @$9.45:
- There is recent updates and news on Ezra company facing issues on miscalculated business risks. Therefore, it raised the concern of the public that will Ezra impact on OCBC share price?
- Ezra is an offshore contractor and provider of integrated offshore solutions to the global Oil and Gas industry.
- Ezra share price has reaching a new low which is even lower than it's lowest value during Great Financial Crisis.
- As we had seen the previous market cycle on 2016, that oil and gas industry had suffered a hard time throughout the year. Even we had witness how the company like Swiber and Swissco Holdings being filed for judicial management. Hence, it could be a high probability of Ezra facing the same situation.
- Information from news assuming that the Bank has $15.8 billion exposure to this sector and Non Performing Loan (NPL) had crept to $1.3 Billion.
For more details informations, please refer to:
- sgwealthbuilder.com > Will Ezra sink OCBC share price?
- sginvestor.io > Banks - CIMB Research 2017-02-02: Assessing the impact of Ezra group.
- sgwealthbuilder.com > Will Ezra sink OCBC share price?
- sginvestor.io > Banks - CIMB Research 2017-02-02: Assessing the impact of Ezra group.
