Inflexion point ahead for Ezion

SINGAPORE (Aug 12): OCBC Investment Research and UOB KayHian are maintaining their “hold” recommendation on Ezion Holdings after disappointing second quarter earnings.

According to UOB KayHian lead analyst Foo Zhiwei, Ezion’s earnings appear to have “bottomed out”.

Foo believes 2H16 will be the “inflexion point” for Ezion’s earnings, as five units are expected to return to work. Beyond that, Foo expects another four units to be operational. UOB Kay Hian has reduced its earnings forecast for FY2016 by 31% to US$52 million and FY2017 by 37% to US$79 million.

---

Related Stories

• Brokers’ Digest: CDL, PropNex, PLife REIT, KIT, SingPost, Grand Banks Yachts, Nio, Frencken, ST Engineering, UOB
• Prospects of better FY2025 earnings inspire new ideas for ThaiBev
• Lim & Tan Securities maintains ‘buy’ on Grand Banks Yachts; almost doubles TP to $1.05

---