SINGAPORE (Nov 30): Maybank Kim Eng is maintaining its “buy” call on Ezion Holdings with an unchanged price target of 42 cents, after attending the liftboat operator’s recent non-deal roadshow (NDR) meeting in Hong Kong.

In a Wednesday report, analyst Yeak Chee Keong says he continues to believe that Ezion will be an early beneficiary in the oil cycle after oil producers.  

According to him, investors at the NDR meeting “unsurprisingly” expressed their concerns about whether or not the worst was over for the oil and gas (O&G) sector; Ezion’s asset-write-down potential; as well as the company’s balance sheet sustainability and cash flows.

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