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Overview
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Business Background Ezion Holdings Limited, an investment holding company, develops, owns, and charters offshore assets to support the offshore energy markets in Singapore, India, the Middle East, rest of Asia, Europe, and internationally. The company operates through Production and Maintenance Support, Exploration and Development Support, and Others segments. It owns, charters, and manages rigs and vessels involved in the production and maintenance, and exploration and development phases of the oil and gas industry. The company also offers shipping agency and management, and engineering and cargo transportation services. In addition, it engages in the renewable energy business. The company was incorporated in 1999 and is based in Singapore.
 Be the first to like this.   inphyy Ezion Holdings net profit more than doubles to $36.3m Delivers "steady" performance in 3Q13. According to PhillipCapital, Ezion Holdings (Ezion) delivered steady net profit in 3Q13, excluding exceptional items, of $36.3m, which was 130.2% higher than 3Q12 and 5.9% higher than the previous 2Q13. With management is expecting 3 vessels to be deployed in 4Q13 -- 1 unit in Caspian Sea, 1 in South Asia and 1 in Arabian Gulf -- the research firm predicts earnings momentum should continue into FY14E, with a 61% increase in earnings from FY13E. But as 3Q13 net gearing rose to 1.05x from 1.01x in 2Q13 (0.83x in 1Q13), PhillipCapital said Ezion could slow down its rate of project wins in an effort to control its gearing levels. "We expect net gearing to hit 1.1x by end-FY13E, before easing to 0.8x in FY14E on improve free cash flow generation from more vessels contribution," said PhillipCapital. But the research firm raised its FY13E/14E earnings forecast for Ezion to factor in new contracts, higher margins and updated SEUs deployment schedule. 18/11/2013 14:45  Peter Graham Lancashire Great growth Story, but what about cash flow and free cash flow which require new capital either more debt or issue new shares? Alao nil dividend policy does not suit all institutional investors. PGL 19/11/2013 16:47 pnuklis Holding on strong. Don't feel comfortable with all the action regarding dilution of shares, jk buy ans Ausgroup cooperation. May be I am wrong 23/04/2014 12:10 pnuklis Ezion has too much action like JK Tech, Ausgroup and dilution of shares all at the same time and not sure how it benefits or slows down. Too risky till every thing settles down and if it continues to win orders! 27/04/2014 10:12 Ben Teo this stock shall move up again....just that now the timing is damn bad...pls be patient 13/01/2015 17:23 sengtan yes debt restructuring completed and deferred capex....should help Ezion to sail through tough time and prepare for contracts win... 17/03/2017 11:21 |
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