Stock Name: EzionHldg
Company Name: EZION HOLDINGS LIMITED
Company Name: EZION HOLDINGS LIMITED
| Research House: DBS Vickers | Price Call: BUY | Target Price: 2.96 |
DBS Vickers is maintaining a Buy on Ezion Holdings with target price adjusted to $2.96. Ezion has just signed a LOI to provide bareboat charter for a liftboat worth US$82.1 million ($104 million) over five years. It may be converted to time charter at potentially higher contract value of about US$90 million. The rig is expected to be delivered to a national oil company in SEA by late 1Q 2015.
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