Fears over Ezion's contract wins unfounded, analysts say

Stock Name: Ezion
Company Name: EZION HOLDINGS LIMITED

Research House: OSK-DMG

Price Call: BUY

Target Price: 2.65

SINGAPORE (Feb 17): OSK DMG has maintained its "buy" call for Ezion Holdings but trimmed its price target to $2.35 from $2.65.

Despite falling oil prices, demand for Ezion's liftboats remains strong, according to OSK DMG analysts Lee Yue Jer and Jesalyn Wong.

"We believe that market fears are completely misplaced," they said in a note.

"Our key briefing takeaway was that demand for the company's liftboats has surged as oil majors refocus on production.