Ezra Holdings rated 'neutral' by DMG

Stock Name: Ezra
Company Name: EZRA HOLDINGS LIMITED

Research House: DMG

Price Call: HOLD

Target Price: 1.10

DMG & Partners Securities in an Apr 13 research report says: "Ezra reported 2QFY12 net profit of US$22 million (+177% y-o-y, +66% q-o-q). Excluding the one-off gain from AFS investments (US$+34.8 million), forex losses (-US$4.7 million) and fair value changes (-US$0.4 million), adjusted 2QFY12 net loss of US$7.6 million was below ours and street expectations.

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