Singapore Stock Market News
Ezion Holdings - Credit worthiness affirmed
StockFanatic
Publish date: Thu, 30 Jul 2015, 11:57 AM
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■ Issuance of 5-year SGD120m notes at low rate of only 3.65%. Notes backed by committed funding facility provided by DBS.
■ Affirms credit worthiness of Ezion and the bank's confidence it its business despite the oil and gas downcycle.
■ Maintain BUY and TP of SGD1.55, based on 1.2x FY15 P/BV.
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