Brokers' take

Offshore & marine sector

Neutral

Dec 15 close (Ezion): S$1.045

Dec 15 close (Pacific Radiance): S$0.775

CIMB Research, Dec 14

CALLING for an entry point for oil services companies in such a market is akin to having a sword of Damocles hanging over our heads.

Cheap has gotten cheaper, while O&M stocks continue to get hammered. We highlight two well-followed stocks, Ezion and Pacific Radiance (PACRA). We attempted to find a floor price using revalued net asset value methodology. We found that Ezion and PACRA are trading ab…