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ENERGY & OFFSHORE | Staff Reporter, Singapore

Will Triyards sustain its strong start to 2016?

Its orderbook stood at US$564m entering the year.

The integrated services company started the year on the right foot, registering a 30% jump on its profits for 1Q16 as significant contributions kicked in.

According to analysts from RHB Research, this may just be the start of a stellar year for Triyards.

“Triyards’ net orderbook stood at USD564m, a new record. We believe that Triyards would continue to win non-oil & gas orders, eg oil tankers, specialised vessels, and perhaps even windfarm installation vessels,” RHB Research said.

RHB Research adds that it favors Triyards in the oil and gas sector as its balanced sheet is not overleveraged unlike some of its peers.

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