Brokers' take

Ezion Holdings | Hold (downgraded) Feb 7 close: S$0.047 Target price: S$0.06 DBS Group Research, Feb 7

Downgraded to "hold", given potential asset impairments and slower-than-expected ramp up in utilisation and revenue.

While it is darkest before dawn and the stock's valuation has been greatly discounted for the slow recovery, clearer signs of a turnaround are required to re-rate the stock.