Ezion kept at 'buy' with TP of $1.50 by DBS after clearing the air with analysts

Stock Name: Ezion
Company Name: EZION HOLDINGS LIMITED

Research House: DBS Vickers

Price Call: BUY

Target Price: 1.50

SINGAPORE (May 21): DBS Group Research is keeping its "buy" call on Ezion Holdings with a target price of $1.50.

In a report out today, DBS said it now has a fuller picture of the dispute after Ezion hosted an analyst briefing to address the dispute with partner Atlantic Marine Services BV (AMS).

"Arguments seem logical. We continue to give Ezion the benefit of the doubt. The stock has fallen 12% within a week. Maintain BUY and TP of S$1.50 (8x FY15 PE)," wrote analyst Ho Pei Hwa.