Ezra price target cut 23% to 40 cents by Daiwa; still "underperform"

Stock Name: Ezra
Company Name: EZRA HOLDINGS LIMITED

Research House: Daiwa

Price Call: SELL

Target Price: 0.40

SINGAPORE (April 9): Daiwa has cut its price target for Ezra Holdings to 40 cents from 52 cents after lowering its earnings per share estimates for FY2015 to FY2017 by 9% to 16%.

The revised target also factors in larger working capital requirements.

Daiwa has an "underperform" rating on the stock.