Monday, June 22, 2015

Ezion Holdings kept at 'buy' on price recovery by DBS Group Research

Stock Name: Ezion
Company Name: EZION HOLDINGS LIMITED
Research House: DBS VickersPrice Call: BUYTarget Price: 1.20



SINGAPORE (June 22): DBS Group Research has reiterated its "buy" call on Ezion Holdings as it believes the company's stock price would soon recover to the $1.20 level.

In a research note released on June 22, DBS observes that Ezion is well-positioned to benefit from the rising popularity of liftboats in this region, capitalising on its first mover-advantage.

"We believe service rigs are in an early growth phase, buoyed by the substitution effect to replace typical work boats/barges in this region," says DBS.

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