Company Name: EZION HOLDINGS LIMITED
|Research House: DBS Vickers||Price Call: BUY||Target Price: 1.20|
SINGAPORE (June 22): DBS Group Research has reiterated its "buy" call on Ezion Holdings as it believes the company's stock price would soon recover to the $1.20 level.
In a research note released on June 22, DBS observes that Ezion is well-positioned to benefit from the rising popularity of liftboats in this region, capitalising on its first mover-advantage.
"We believe service rigs are in an early growth phase, buoyed by the substitution effect to replace typical work boats/barges in this region," says DBS.