Ezion kept at 'Add' with $2.04 price target by CIMB

Stock Name: Ezion
Company Name: EZION HOLDINGS LIMITED

Research House: CIMB

Price Call: BUY

Target Price: 2.04

SINGAPORE (Dec 2): CIMB Research is calling an "add" on Ezion Holdings with an unchanged target price of $2.04.

In a report dated Nov 27, analyst Yeo Zhi Bin says Ezion's success in persuading national oil companies in this region to adopt the liftboat concept looks set to continue but catalysts could come from further orders.

To be sure, 2014 has been a mediocre year for Ezion as it struggled with project slippages, says Yeo. However, the company is seeking to get a better handle on projects by taking a controlling stake in a yard to better manage the projects.