Ezion

SINGAPORE (Aug 14): Ezion, the charterer of service rigs and support vessels to the Oil & Gas industry, has sunk into 2Q17 and 1H17 losses of US$2.6 million ($3.5 million) and US$15.3 million respectively.

SINGAPORE (May 15): UOB KayHian is maintaining its “hold” call on Ezion, recommending investors enter at 28 cents and exiting at 33 cents.

SINGAPORE (May 12): Ezion has sunk to a 1Q net loss of US$12.7 million ($17.9 million) from $15.5 million a year ago as operating environment in the marine and offshore oil and gas industry remains challenging.

SINGAPORE (March 28): Ezion this morning announced that it had acquired the remaining 50% interest in its existing joint venture with Swissco for a total cash consideration of $5 million.

SINGAPORE (March 21): EMAS Offshore says it will be negatively impacted by the United States’ Chapter 11 filing by the company’s ultimate holding company Ezra Holdings to facilitate the restructuring of the group.

SINGAPORE (March 10): UOB Kay Hian says clear survivors to the offshore and marine industry downturn are steadily emerging.

SINGAPORE (March 8): Lim & Tan Securities is upgrading its rating on Ezion Holdings to “hold” from “reduce” previously, mainly because it is now trading at an improved price-to-book value of 0.58x P/B.

SINGAPORE (Feb 28): UOB is upgrading Ezion to “buy” with a target price of 45 cents on improved cash flow situation and expectations of an earnings recovery as the risk of impairments has diminished.

SINGAPORE (Feb 23): Ezion reported a widening of new 4Q losses to US$66.6 million from US$63.5 million a year ago on the back of a 14.3% fall in revenue to US$72.6 million.

SINGAPORE (Jan 16): OCBC Investment Research has upgraded its call on Ezion Holdings from “hold” to “buy” with a fair value estimate of 54 cents.