“The risk of the operational recovery slipping into late 2H17 is high, as the situation on the ground is fraught with uncertainties,” says analyst Foo Zhi Wei in a Monday report,
“The fluidity of the situation renders any guidance out of date in a matter of weeks, and we are concerned that the current guidance will change again in the coming quarter.”
SINGAPORE (May 15): UOB KayHian is maintaining its “hold” call on Ezion, recommending investors enter at 28 cents and exiting at 33 cents.
Ezion had previously guided for an operational recovery to take place within 2Q17. However, after its 1Q17 results announcement, it appears that this guidance will now have to be pushed back.
