Ezion Holdings - A Positive Conclusion | I3investor

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Ezion Holdings - A Positive Conclusion

StockFanatic

Publish date: Thu, 18 Jun 2015, 10:10 AM

Following a change in management, AMS has withdrawn its lawsuit against Ezion and released and discharged the latter from all claims alleged. Maintain BUY, with a SGD2.10 TP (106% upside). We believe Maersk Oil may be willing to give AMS' new management a chance, and the charter agreements will remain in place. The stock has been sold down c.15% since news of the lawsuit broke. Solid progress on the operational front lends further impetus to a re-rating.

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