Should Ezion shareholders keep the faith?

WE all recognise that "good guy" in the boxing arena, enduring back-to-back jabs whom underdog-fans faithfully root for even as he staggers to the ground after a powerful upper cut from his opponent. Remember how we'd anxiously hope he would tap into his inner might, get up and punch back and knock his rival out of the ring?

That's how some may feel about Singapore-listed Ezion Holdings and its bout with a brutal oil slump that has left many of its peers in the offshore and marine space flat on the floor, flailing.

Those sentiments were manifested over a week ago when Asia's biggest liftboat operator disclosed a disastrous set of second-quarter results.

It was harder to stomach because this company had tried so valiantly to stand its ground since oil prices plumbed to lows in 2014 and, only now, seems most vuln…