Ezra Holdings - Market Misunderstood Refinancing Plan | I3investor

Blogs Headlines

Singapore Stock Market News

Ezra Holdings - Market Misunderstood Refinancing Plan

StockFanatic

Publish date: Mon, 08 Jun 2015, 02:20 PM

We were too early in upgrading Ezra in April, thinking that most negatives had been priced in at 0.3x P/BV. We change our call to TRADING BUY with a SOP-based SGD0.34 TP (from SGD0.55, 17% upside), implying a conservative 0.42x ex-rights P/BV. The rights issue's size was the main negative surprise, but we think the market has priced in more dilution than a realistic case. We note a hefty margin of safety now exists for the net market-realisable value of its assets.

Related Stocks

Market Buzz

More articles on Singapore Stock Market News

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Record highs on trade, vaccine developments

Created by StockFanatic | Aug 26, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: Data help US market end week on a high note

Created by StockFanatic | Aug 24, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: And they are back, with S&P within inches of record high close

Created by StockFanatic | Aug 13, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: Winning streak snaps

Created by StockFanatic | Aug 12, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Market Commentary: US negotiations over stimulus continue amid diplomatic tensions

Created by StockFanatic | Aug 11, 2020

Discussions

Be the first to like this. Showing 0 of 0 comments

Post a Comment

Featured Posts

MQ Chat

New Update. Discover investment communities that resonate with your ideas

VCPlus

Trade Confidently & Analyze Charts Conveniently - Download VCPlus IOS & Android App Now!

Latest Videos

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

0:17

New IPO: O&G healthcare service provider, Metro Healthcare Berhad aims to list on the Ace Market!

MQ Trader 2300 views | 16 d ago

New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!

0:17

New IPO: Life Water Berhad, a manufacturer of drinking water and carbonated beverages, aims to list on the Main Market!

MQ Trader 2323 views | 16 d ago

M & A Value Partners IPO Equity Fund

0:43

M & A Value Partners IPO Equity Fund

MQ Trader 10065 views | 3 mo ago

MQ Market Updates - 8 November 2024

0:15

MQ Market Updates - 8 November 2024

MQ Trader 463 views | 6 d ago

MQ Market Updates - 7 November 2024

0:16

MQ Market Updates - 7 November 2024

MQ Trader 588 views | 7 d ago

Apps

Send individual or group chats with anyone on i3investor

Earn MQ Points while trading with MQ Trader

MQ Affiliate

Earn side income from Affiliate Program

Online learning and teaching marketplace

Top Articles

1

RHB Investment Research Reports

Venture Corp - Soft Demand Delaying 2H Recovery; Maintain BUY

2

RHB Investment Research Reports

Wilmar International - Valuations Held Back by China Weakness

3

RHB Investment Research Reports

Riverstone - Growth Remains Intact; Maintain BUY

4

CEO Morning Brief

Singapore Airlines Vows to Expand Capacity Despite Rising Competition

5

RHB Investment Research Reports

Riverstone - a Commendable Quarter; Maintain BUY

Hot Stocks Today >

1

1000

2

DBS Group Holdings Ltd

402

3

Oversea-Chinese Banking Corporation Ltd

361

4

United Overseas Bank Ltd

318

5

Singapore Airlines Ltd

300

6

Singapore Telecommunications Ltd

281

7

CapLand IntCom T

267

8

CapLand Ascendas REIT

Ascendas Real Estate Investment Trust

265

9

Mapletree Log Tr

Mapletree Logistics Trust

248

10

Keppel DC Reit

Keppel DC REIT

242

Daily Stocks

HSI 22000MBeCW241230

0.042

0.00

93,572,500

Man Oriental USD

1.79

+0.09

34,525,825

HSI 21400MBeCW241230

0.053

0.00

30,900,000

Genting Sing

0.78

+0.015

23,884,000

HSI 21800MBeCW250127

0.069

0.00

22,800,000

Seatrium Ltd

1.85

-0.04

22,511,500

Samko Timber

0.002

0.00

21,674,200

HSI 23200MBeCW250127

0.044

+0.001

19,629,300

0.029

-0.001

16,893,600

HSI 18200MBePW241230

0.067

-0.006

10,825,500

More active Stocks

237.08

+1.58

998

318.60

+0.96

876

41.94

+0.90

146,500

JD 5xShortSG260513

2.88

+0.384

1,000

Meituan 5xLongUB251128

3.55

+0.38

11,000

NVDA 3xLongSG261006

8.32

+0.291

3,000

12.66

+0.25

447,200

META 3xShortSG261006

4.26

+0.248

1,000

TESLA 3xShortSG261006

1.11

+0.232

33,700

Jardine C&C

28.01

+0.21

82,400

More gainer Stocks

SPDR S&P500 US$

594.40

-4.90

485

TESLA 3xLongSG261006

8.21

-1.848

2,200

XT SingGovBond SG$

151.05

-1.00

50

Nasdaq 7xLongUB250922

11.93

-0.827

100

NetEase 5xShortSG250320

0.245

-0.426

74,600

XT Vietnam US$

24.45

-0.22

3

Geely 5xLongSG251113

0.34

-0.163

207,000

S&P 7xLongSG260226

3.44

-0.148

4,100

DBS 5xLongSG250716

6.30

-0.137

1,500

Meituan 5xShortSG260513

1.13

-0.136

7,000

More loser Stocks

Featured Advertisers / Partners

Top Brokers >

1

CGS-CIMB Securities

2

Citibank Brokerage

3

DBS Vickers

4

iFAST Financial Pte Ltd (FSMone)

5

KGI Securities

Books Review >

Ride The Bull Short The Bear

CS Tan

4.9 / 5.0

This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....