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Brokers' take

Published Thu, Feb 7, 2019 · 09:50 PM
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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.

Ezion has formed a joint venture (JV) wit…

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