Ezion hit all time high, sits firmly above $2
Last Tuesday, provider of offshore and marine support services Ezion Holdings closed at its all time high of $2.21. The stock’s recent buying momentum came on the back of its announcement of a US$48.2mn deal over a three year period to provide a service rig in the Arabian Gulf. Thereafter, investors quickly took the stock above the $2 mark and the stock spiked over 12% in two weeks to its all time high on 2 April. Ezion closed 4% below its all-time high yesterday, at $2.12.

In view of the stock’s recent price move, Macquarie has listed a new warrant over the stock, with a higher strike of $2.50.

{data}S2XW, Ezion MBeCW131101,Call, 1-Nov-13,2.50{/data}

UOB sits firmly above $20, still lagging peers and STI
Last Wednesday, UOB had its highest close since August 2011 at $20.77. Closing 2% below this recent high yesterday, UOB’s year-to-date performance is +2.8%. This lags the performance of its peers DBS +5.1%, OCBC +10.5% as well as the benchmark index STI’s +4%. In 2012, UOB was the second index leading mover on the STI, gaining $4.54 or 29.7%, versus the STI’s 19.7% increase for the year.

In view of the stock’s recent price move, Macquarie has listed a new warrant over the stock, with a higher strike of $21.80.

{data}S2YW, UOB MB eCW130802,Call, 2-Aug-13,21.80{/data}

Apart from this new warrant, all of Macquarie’s existing UOB call warrants are currently in-the-money.

Source: Macquarie Research - 11 Apr 2013