Ezion Holdings

SINGAPORE (Mar 11): DBS Vickers Securities is reiterating its “hold” call on Ezion Holdings with a target price of 5 cents, which is based on 10 times FY20 fully-diluted earnings after lowering FY20 earnings forecasts by 45%.

SINGAPORE (Feb 7): DBS Group Research is downgrading Ezion Holdings, the provider of service rigs and offshore logistics support services, to “hold” with lower target price of 6 cents.

SINGAPORE (July 5): Ezion Holdings is forming a joint venture to become the world’s largest owner and operator of liftboats.

SINGAPORE (May 15): DBS Group Research is maintaining a “buy” on Ezion Holdings saying the stock provides a bottom-fishing opportunity.

SINGAPORE (Apr 6): Pavilion Capital Fund Holdings, a subsidiary of Singapore state investment firm Temasek Holdings, is investing up to $50 million in Ezion Holdings, the offshore and marine firm which recently concluded a debt restructuring deal.

SINGAPORE (Apr 4): Successful refinancing is only half the battle won, says DBS Group Research, with the other half being earnings recovery which requires having strategic shareholders.

SINGAPORE (Mar 29): Shareholders of Ezion Holdings have voted almost unanimously in support of a debt refinancing and restructuring package that will strengthen the group's cash flow and provide additional working capital in the prolonged O&M sector d

SINGAPORE (Mar 22): Ezion Holdings has issued a profit warning, saying it expects to record a net loss of approximately US$1 billion ($1.3 billion) for both 4Q17 and FY17, largely attributable to the impairment losses of approximately US$900 million.

SINGAPORE (Nov 20): Holders of six series of notes and perpetual securities have voted overwhelmingly in support of Ezion Holdings' proposal to push out maturity of and cut coupon rates on some $575 million securities.

SINGAPORE (Nov 10): DBS says Ezion investors should wait for more clarity on refinancing outcome as a successful exercise will help Ezion pull through this prolonged downturn, and vice versa.