| Latest Forum Topics / Ezra Last:0.011 -- |
 Post Reply
|
|
Ezra
|
|
|
Pinnacle
Master |
17-Oct-2007 09:30
|
|
x 0
x 0 Alert Admin |
All oil company is having free fall. Thought crude oil went up? |
| Useful To Me Not Useful To Me | |
|
nickyng
Supreme |
17-Oct-2007 09:27
|
|
x 0
x 0 Alert Admin |
upgrade to 8.05 ?? a joke or wat? now 6.60 down -40cts siah !! :P |
| Useful To Me Not Useful To Me | |
|
|
|
|
Pinnacle
Master |
17-Oct-2007 08:57
|
|
x 0
x 0 Alert Admin |
OCBC Ezra Holdings Ltd: Positive newsflow ahead, upgrade to S$8.05 Record FY07 earnings. Ezra Holdings surpassed market expectations with a record FY07 net profit of S$104m, up 68% YoY, while topline surged 98% to S$219m. Its performance was boosted by its Offshore Support Services (OSS) business and rising chartering rates. For its OSS division, contributions came from 3 AHTS, 1 AHT and 11 other new vessels. Stripping away the net gain of S$49m from the dilution of its interest in EOC from 100% to 88% when EOC was first listed on the Oslo Stock Exchange in April 2007 and other gains, Ezra's recurring net profit grew at a 5-year CAGR of 73% to S$48.9m. Saigon Shipyard making first major breakthrough. The Saigon Shipyard in Ho Chi Minh City marked its successful foray breakthrough into the offshore fabrication market with the recent US$103m fabrication and assembly contract. This contract included offshore transportation, installation and commissioning work in Southeast Asian oilfields, of which Ezra would provide sophisticated offshore support services ranging from jacket launch barge utilization for a massive platform complex. Located further up north, a second yard is currently being developed in Vung Tau to tap into the vast developing oil and gas market in Vietnam. Mapping out next phase of growth. Going forward, management is focusing on acquiring deep water drilling fleet and offshore and marine production barges. Its fleet expansion strategy, through a combination of vessels ownership and vessels under sale and leaseback arrangement, has resulted in a strong balance sheet that enables Ezra to expand at an accelerated pace. Ezra intends to grow its vessels from the current 24 to 38 by 2010, doubling the total fleet brake horse power. Raised fair value to S$8.05. Newsflow is likely to stay positive due to the favourable environment for deep water drilling. Risks to our valuation include any unexpected rise in CAPEX and OPEX especially since deep water technology is new and costly, weakening of the US$ as Ezra holds a translation risk exposure of up to 40%, and sharp decline in oil prices leading to non commercially viable drilling in deep water. We believe that the buoyant outlook, especially with current high oil prices, justifies a rerating of the stock to 18x FY08 earnings. We are raising fair value estimate to S$8.05, giving a potential upside of 15%, and upgrading Ezra to a BUY. |
| Useful To Me Not Useful To Me | |
|
Pinnacle
Master |
17-Oct-2007 08:52
|
|
x 0
x 0 Alert Admin |
JPMorgan raised its target price for shares of Ezra Holdings Ezra said on Tuesday that its net profit rose 68 percent year-on-year for the fiscal year 2007 ending August. The company, which provides services and vessels to offshore oilfields, said it made a profit of S$104 million and that it would issue a final dividend of 7.1 Singapore cents per share. The firm also said that so far in the new fiscal year that started in September the company has won $130.2 million in oilfield related contracts. |
| Useful To Me Not Useful To Me | |
|
Pinnacle
Master |
17-Oct-2007 00:44
|
|
x 0
x 0 Alert Admin |
Ezra kicks off FY2008 on strong note with new contracts worth US$130.2 million �� Wholly-owned Saigon Shipyard expected to deliver fabrication and assembly projects by FY2010 �� Contracts expected to contribute positively to Ezra?s earnings from current FY2008 Singapore, 16 October 2007 ? Ezra Holdings Limited (?Ezra?, ?Group? or 以斯拉控股), a leading integrated offshore support and marine services provider in the offshore oil and gas industry, is starting its current FY2008 financial year (August year end) on a strong note with the award of US$130.2 million in fabrication and charter contracts. Ezra?s 100%-owned Saigon Shipyard Limited, which is held via wholly-owned HCM Logistics Limited, marked its successful break into the offshore fabrication market with the recent award of a fabrication and assembly contract worth US$103.1 million. The Group also revealed that part of the US$130.2m contracts includes offshore transportation, installation and commissioning work in Southeast Asian oilfields, one of which was awarded by a major North Asian conglomerate. Under that contract, Ezra will provide a range of services which includes utilising a jacket launch barge to transport and load out an offshore jacket, piles and bridges for a massive platform complex. The Group is expected to deliver the projects by FY2010. Said Ezra?s Managing Director Lionel Lee: ?As Singapore?s first regional offshore support services player to establish a local shipyard presence in Vietnam, Ezra is well-placed to ride the upwave of energy exploration and production activities in the South China Sea. The yard is expected to come fully on-stream in 2009 and will strengthen our competitive position as a leading provider of integrated offshore support services, especially in Asia. Also, we foresee that Saigon Shipyard will become an increasingly significant contributor to Ezra?s bottomline.? Ezra is expanding not only its geographical market reach but also the depth and range of its offshore support services so that the Group can better serve the growing needs of its customers in the oil & gas sector. Just last month, Ezra awarded a S$162.4 million contract for the design and construction of a large 27,000 brake horsepower Multi Functional Support Vessel to Karmsund Maritime Service AS of Norway. The contract value includes the cost of sophisticated equipment. |
| Useful To Me Not Useful To Me | |
|
|
|
|
Pinnacle
Master |
17-Oct-2007 00:42
|
|
x 0
x 0 Alert Admin |
Ezra?s FY2007 net profit sails pass S$100m mark in 5th consecutive record year �� Earnings acceleration since 2003 listing due to early move into deepwater support and production & construction work �� Proposes 7.1 cts final dividend per share �� Building blocks to next growth phase in place as Group continues to benefit from booming offshore E&P activity Ezra Holdings Limited (?Ezra?, ?the Group? or 以斯拉控股), a leading integrated offshore support and marine services provider in Southeast Asia?s offshore oil and gas industry, has outperformed all market expectations with its 5th consecutive record net attributable profit at S$104 million for the financial year ending 31st August 2007 (FY2007), an increase of 68% year-on-year (yoy). On the back of the sterling results, Ezra?s management has proposed a final dividend of 7.1 cents (4.2 cents in FY2006) per share. Said Ezra?s Managing Director Lionel Lee: ?We are reaping the fruit of the courage to act on and successful execution of our vision to become an integrated provider of engineering and offshore support services with a strong deepwater focus. Since our listing in 2003, we have been busy building up our services capability to match the assets we foresaw we needed to operate in order work hand-in-hand with our customers to solve and meet their diversified oilfield needs and stringent operating specifications.? Mr Lee added: ?We foresaw the strong demand in the sector and realized that if we wanted to ride this growth, we would have to enlarge our balance sheet. Hence we adopted sale and leaseback arrangements and listed our production & construction arm EOC Limited. We also beefed up our management team at all levels to help us better execute our strategy.? The Group?s EBITDA earnings leapt more than twofold. At the same time, Ezra?s shareholder?s funds increased 117% to S$409.7million as a result of the placement of 15 million new shares at S$5.18 apiece, improved profitability and dilution of interest to 88% in production & construction arm, EOC (Ezra currently owns 48.9% of EOC subsequent to its upgrade to the Oslo Bors). ?The building blocks are in place and we see Ezra becoming an increasingly significant global integrated offshore support services provider to the oil & gas sector with strong engineering fabrication capability from our Vietnam base,? added Mr Lee. Ezra recently set up a global sales office in Aberdeen which will allow it to tap into the flourishing markets in Africa, Brazil and the North Sea, on top of the strong demand the Group is experiencing in Asia. The Group manages 26 vessels and by 2010, expects to take delivery of 11 more, including a large 27,000 brake horsepower (bhp) and two 30,000 bhp Multi Functional Support vessels. |
| Useful To Me Not Useful To Me | |
|
musicwhiz5
Senior |
16-Oct-2007 23:51
|
|
x 0
x 0 Alert Admin |
Ezra's results are out ! Check it out on SGXNet. I am also currently reading through EOC Limited's financials now. Anyone who is vested in Ezra should also be interested in its associate's financials. The link is here: http://www.newsweb.no/index.jsp?messageId=161272&lang=1 Download the reports (there are 2). Cheers ! |
| Useful To Me Not Useful To Me | |
|
stockwhizz76
Member |
16-Oct-2007 14:19
|
|
x 0
x 0 Alert Admin |
hopefully good news |
| Useful To Me Not Useful To Me | |
|
|
|
|
musicwhiz5
Senior |
16-Oct-2007 14:02
|
|
x 0
x 0 Alert Admin |
If you noticed the announcement for the trading halt, it says "trading halt pending announcements (plural)"; thus I believe there could be more than one announcement (i.e. other than the financial results, there will be some other announcement). Let's wait till market close to find out. |
| Useful To Me Not Useful To Me | |
|
s5504703
Member |
16-Oct-2007 12:11
|
|
x 0
x 0 Alert Admin |
Trading halt..??? thought that the result will only be announced after the market closed......?? |
| Useful To Me Not Useful To Me | |
|
stockwhizz76
Member |
16-Oct-2007 10:56
|
|
x 0
x 0 Alert Admin |
going up... |
| Useful To Me Not Useful To Me | |
|
puntwcare
Member |
15-Oct-2007 21:06
|
|
x 0
x 0 Alert Admin |
Breaking 7 tomorrow, 8 when bonus date ann.. not induce to buy, trade at own risk |
| Useful To Me Not Useful To Me | |
|
|
|
|
mediacraze
Member |
15-Oct-2007 19:34
|
|
x 0
x 0 Alert Admin |
Excellent today. Waiting for the bonus shares |
| Useful To Me Not Useful To Me | |
|
puntwcare
Member |
15-Oct-2007 16:46
|
|
x 0
x 0 Alert Admin |
Good result expected..... sh px break new high... Chong.....ahh |
| Useful To Me Not Useful To Me | |
|
puntwcare
Member |
14-Oct-2007 12:41
|
|
x 0
x 0 Alert Admin |
Hope thr result next wk is good, share px can cheong to 7 |
| Useful To Me Not Useful To Me | |
|
musicwhiz5
Senior |
13-Oct-2007 00:10
|
|
x 0
x 0 Alert Admin |
Dear Ezra shareholders and interested investors, This is to confirm that Ezra's FY 2007 results will be released on October 16, 2007 after market close as confirmed by the latest issue of The Edge Singapore publication. 
|
| Useful To Me Not Useful To Me | |
|
stockwhizz76
Member |
11-Oct-2007 10:29
|
|
x 0
x 0 Alert Admin |
cheong ah.... |
| Useful To Me Not Useful To Me | |
|
s5504703
Member |
10-Oct-2007 21:09
|
|
x 0
x 0 Alert Admin |
Singapore Hot Stocks-Ezra up as Goldman Sachs starts coverageTue Oct 9, 2007 9:40pm ET  SINGAPORE, Oct 10 (Reuters) - Shares of oil services firm Ezra Holdings (EZRA.SI: Quote, Profile , Research) rose as much as 6.3 percent to three month high of S$6.80 with 1 million shares traded after Goldman Sachs initiated coverage of the stock with a "buy" rating and a 12-month target price of S$8.00. Goldman Sachs said in a client note that Ezra, with its young deepwater fleet of vessels, is well positioned to take advantage of the booming deepwater market. "Over the next six to 12 months, Ezra will take delivery and add significant deepwater capacity, which should continue to drive strong earnings growth," said Goldman Sachs analyst David Ng. |
| Useful To Me Not Useful To Me | |
|
musicwhiz5
Senior |
08-Oct-2007 18:33
|
|
x 0
x 0 Alert Admin |
Dear Ezra shareholders and interested investors, Ezra's FY 2007 results may be released on the same date as EOC Limited. Please see this website for the filing of EOC's 4Q 2007 results as submitted by Mr. Chan Eng Yew (CFO). Thus, a possible date may be October 16, 2007; but this has NOT been confirmed by the company. http://www.newsweb.no/index.jsp?messageId=160827&lang=1 Regards, Musicwhiz |
| Useful To Me Not Useful To Me | |
|
puntwcare
Member |
07-Oct-2007 09:57
|
|
x 0
x 0 Alert Admin |
I fully agree with you, Eastonbay. |
| Useful To Me Not Useful To Me | |