Singapore Stock Market News

Ezion Holdings - Sea of opportunities

StockFanatic
Publish date: Thu, 20 Mar 2014, 10:24 AM
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■ Listing of Gulf Marine Services further affirms attractiveness of Ezion's valuation. Reiterate BUY with TP trimmed to SGD2.90 on contract schedule adjustments.

■ Liftboat market remains underpenetrated outside the Gulf of Mexico, especially in Southeast Asia.

■ New entrants and competition would induce higher liftboat adoption rate, providing net benefits for Ezion.
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