Brokers' take

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.