Singapore Stock Market News

Ezra Holdings - Focus on better financials

StockFanatic
Publish date: Mon, 26 Oct 2015, 02:00 PM
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• 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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