Ezion up on broker upgrades after order win
Date:
2011-04-07
Shares of Singapore’s offshore marine services firm Ezion Holdings (EZHL.SI) jumped as much as 4.3% on Thursday to a 12-week high, extending recent gains following several broker upgrades after it won a jackup rig contract.
At 10:26 a.m., shares of Ezion were traded at $0.735 with over 14.5 million shares changing hands. This compares to its five-day average volume of 8.5 million shares.
CIMB Research and DMG & Partners both upgraded their target prices for Ezion, citing re-rating catalysts from more marine logistics work for Australian projects and strong earnings growth.
At 10:26 a.m., shares of Ezion were traded at $0.735 with over 14.5 million shares changing hands. This compares to its five-day average volume of 8.5 million shares.
CIMB Research and DMG & Partners both upgraded their target prices for Ezion, citing re-rating catalysts from more marine logistics work for Australian projects and strong earnings growth.
Ezion said its joint venture with Buccaneer Energy had won a US$109.5 million ($138 million) contract to provide a jack-up rig for oil and gas activities in Alaska.
CIMB raised its target price for Ezion to $1.07 from $1.03 and kept its outperform rating, while DMG has a target price of $1.04 and a buy rating.
Discussions
1 person likes this. Showing 2 of 2 comments
BUSSINESS PROPOSAL:
Greetings , I represent International Finance Management. Specifically I represent the president of IFM Larry Formato exclusively. The firm specializes in Mergers and Acquisitions. Currently one of our clients in the USA is seeking to partner up, merge with or acquire a Foreign or Domestic Firm. Our client is capitalized and is looking for the right fit. Please contact Larry Formato @ 615-310-9888 or LFORMATOUSA@yahoo.com. Looking forward to hearing from you.
http://www.internationalfinancemanagement.com/content/about.html
2011-10-10 23:15
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
William Huang
PT for this stock is attractive. Anybody has further comment on this stock?
2011-04-11 00:35