Asked on 16 May 2019
Discuss anything about Triyards SGX: RC5 share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment in Triyards SGX: RC5
A stark reminder that the only wise time to invest in oil-related stocks is only when market crash, and only in the big oil companies such as Exxonmobile, BP, Chervon etc. These 3rd parties contractors are first to be wipe out/seen naked in a oil price crash,
It's a counter that is spun off from Ezra. It's business is mainly dealing with the construction of offshore vessels. However, because of the downturn in the offshore industry, triyards is suffering from a lack of order book. Burdened further by its huge debt load, the company is now seeking restructuring to lighten it's debt load
Jonathan Chia Guangrong, Fund Manager at JCG Fund
Top Contributor (Dec)
Spun off from Ezra back in the day. We were offered some triyards shares during the ipo due to our holdings of Ezra and these were sold off subsequently as its like free money to us.
The counter seemed to have suffered quite a bit in the last few years, mainly due to its parent company Ezra. Which suffered when oil prices crashed. And we still have quite a number of lots of this..
Going forth, its hard to say if the stock suspension will be lifted and even so, will the share price recover. It may never do so.
If you are looking at shipbuilding companies, perhaps consider Yanzijiang instead.