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Published Mon, Feb 20, 2017 · 09:50 PM
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Ezion Holdings | Add Target price: S$0.44 Feb 19 close: S$0.35 CIMB Research, Feb 19
EZION expects to report a net loss for Q4 FY16 and full-year FY16 due to possible impairments for its assets. Impairments of at least US$45 million to US$50 million are implied, in our view.
The news is not a huge surprise to us and the impairment exercise, subject to quantum, could help to remove overhang on the stock.
Focus for Q4 FY16 results will be on charterin…
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