Brokers' take
Ezion Holdings | Buy
Dec 15 close: S$0.57
Target price: S$1.40
RHB Research, Dec 15
Ezion announced that it has entered into a strategic cooperation agreement with a Chinese state-owned enterprise to support wind power installation projects in China. This opens up another avenue of growth for the company, whose assets and management skills are well-suited for wind-farm installation projects.
We only expect one year of negative earnings growth, caused by the operational issues faced this year, and expect earnings to rebound in FY16 as its newly-delivered liftboats begin work. We view …
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