Ezion Holdings | Hold
Target price: S$0.35
Oct 18 close: S$0.335
OCBC Investment Research, Oct 18
WITH regard to the three drilling rigs under the Ezion-Swissco JV, Strategic Offshore, there have been concerns about the charterer's ability (end-client is Pemex) to pay on time since the oil price plunge. Ezion had also previously highlighted that the group has been experiencing difficulties obtaining payments from clients, and it was also reported in the media that Pemex has been dragging its feet on...