This offshore company has what it needs to overcome a downturn

SINGAPORE (Nov 25): Ezion Holding’s earnings in 3Q16 may have been disappointing but DBS Group Research is sticking to its “buy” recommendation with a target price of 56 cents.

In a Friday note, analyst Ho Pei Hwa points out that Ezion continues to report a positive operating cashflow and low gearing – two key elements that will help the group stay afloat in the depressed oil & gas environment.

Ho also notes that Ezion’s earnings appear to be bottoming and could be set to grow from here.

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