Ezion Holdings

SINGAPORE (Dec 22): Maybank Kim Eng has maintained its “negative” rating on the Singapore offshore and marine sector, even as the Organization of the Petroleum Exporting Countries announced a production cut to stem falling oil prices.

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.

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.

SINGAPORE (Nov 22): Maybank Kim Eng thinks it’s a good idea for Ezion to offer to buy its share of three drilling rigs and an accommodation rig for $4.5 million from a JV with Swissco and assume all its outstanding debts.

SINGAPORE (Nov 10): Shares of Ezion Holdings are up 4.8% at 33 cents, after the offshore logistics and support services provider managed to stay profitable in a tough operating environment.

SINGAPORE (Nov 10): Ezion Holdings posted a 69.1% decline in 3Q earnings to US$9.4 million ($13.2 million), about a third of the US$30.4 million reported in the same quarter a year ago on lower revenue.

SINGAPORE (Oct 11): DBS Group Research is sticking to its investment strategy of seeking safe havens away from the risks arising from the US elections and Brexit.

SINGAPORE (Sept 30): UOB Kay Hian on Friday maintained its “hold” call on Ezion Holdings, and raised its target price to 30 cents from 23 cents previously.

SINGAPORE (Sept 30): CIMB is maintaining its “underweight” call on the Offshore & Marine sector despite the proposed cut in production by the Organization of Petroleum Exporting Countries (OPEC) announced on Friday.

SINGAPORE (Sept 26): Ezra Holdings is leading a rebound among Singapore oil-services providers this month, after bearish bets pushed the company’s shares to all-time lows. The rally will be short-lived amid deepening financial distress in the industry,