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Revisions

Choppy waters ahead for Ezra Holdings

Zavier Ong Published on Mon, Jul 18, 2016 / 4:48 PM GMT+8

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SINGAPORE (July 18): UOB is maintaining its “hold” call for Ezra Holdings, with a revised target price of 6.4 cents.

This comes as the group recorded a 3QFY16 loss of US$235 million ($317 million), driven primarily by a US$181 million loss from the disposal of EMAS-AMC.

In addition, UOB expects Ezra’s cash position to be challenged beyond FY17, according to the report dated July 18.