Singapore Stock Market News

Ezion Holdings - Accumulate On Weakness

StockFanatic
Publish date: Mon, 24 Mar 2014, 09:06 AM
StockFanatic
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Ezion's share price has fallen 12% since its peak in January. We reiterate a BUY call with SGD3.00 TP. We believe the recent weakness is an opportunity to accumulate. More competitors look to invest in the service rig segment. This is viewed as positive as more players will help to lift market awareness and demand for service rigs.

We like Ezion for its solid chartering backlog, leading market position in Asia and strong management track record.
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