Singapore Stock Market News
Ezion Holdings - Wind-Powered Growth
StockFanatic
Publish date: Tue, 15 Dec 2015, 11:22 AM
StockFanatic
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| The Dabancheng wind farm in China's Xinjiang province. Photograph: Bob Sacha/Corbis |
Ezion announced that it has entered into a strategic cooperation agreement with a Chinese state-owned enterprise to support wind power installation projects in China. This opens up another avenue of growth for the company, whose assets and management skills are wellsuited for wind-farm installation projects. The stock currently trades at 0.4x FY16F P/B, which implies negative long-term growth. Maintain BUY with SGD1.40 TP. Ezion remains a Top Pick in this sector.
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