Singapore Stock Market News
Ezra Holdings - Focus on better financials
StockFanatic
Publish date: Mon, 26 Oct 2015, 02:00 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
• Higher than expected losses in 4QFY15 as both subsea division and OSV division disappoint
• FY16/17 could continue to post losses, but this is more than priced in at current levels
• Balance sheet has improved; Ezra should be able to tide over the crisis without further cash calls in FY16
• Maintain BUY with TP of S$0.30
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