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Monday: 18 JULY 2011
S$0.65
-S$0.02
Bintang ( Date: 17-Jul-2011 17:32) Posted:
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14 July 2011: Oil and Gas sector
Summary: Assuming China’s urbanization strategy remains on track, we estimate that China may become the largest driver of oil prices over the decade, and we would increasingly look to the country’s forecasted economic growth for signals in the oil price. However, the influence of speculators in the oil market has increased over the years, and volatility in oil prices may be increasingly prevalent in the future. Despite this, we believe that oil prices are likely to remain above US$75/bbl which should sustain most capital expenditure in the sector, supposing the developed economies continue their fragile economic recoveries and China’s growth remains on track. We maintain our Overweightrating in the offshore oil and gas sector given its solid long-term fundamentals. Under our sector coverage, Keppel Corporation [BUY, FV: S$13.00]and Sembcorp Marine [BUY, FV: S$6.30] remain as our preferred picks, while Ezion Holdings [BUY, FV: S$0.84] is a promising counter for investors looking at small- and mid-cap plays.
Summary: Assuming China’s urbanization strategy remains on track, we estimate that China may become the largest driver of oil prices over the decade, and we would increasingly look to the country’s forecasted economic growth for signals in the oil price. However, the influence of speculators in the oil market has increased over the years, and volatility in oil prices may be increasingly prevalent in the future. Despite this, we believe that oil prices are likely to remain above US$75/bbl which should sustain most capital expenditure in the sector, supposing the developed economies continue their fragile economic recoveries and China’s growth remains on track. We maintain our Overweightrating in the offshore oil and gas sector given its solid long-term fundamentals. Under our sector coverage, Keppel Corporation [BUY, FV: S$13.00]and Sembcorp Marine [BUY, FV: S$6.30] remain as our preferred picks, while Ezion Holdings [BUY, FV: S$0.84] is a promising counter for investors looking at small- and mid-cap plays.
Action & Recommendation
Ezion certainly has demonstrated that it has the resources, capability and
balance sheet to further build on its liftboat business, which will drive
earnings beyond our current three
of 30%. While core FY11 earnings are muted due to start
will be boosted by liftboat deployments. Reiterate BUY and target price
of $0.99, based on PEG of just 0.5x or FY11F core PER of 12.5x.
Short term support for Ezion is at 63.5 cents .
zhixuen ( Date: 17-Jun-2011 15:05) Posted:
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Congratulations.
zhixuen ( Date: 17-Jun-2011 15:05) Posted:
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I got again at 0.640 before halting.
good move today.
vonntan ( Date: 17-Jun-2011 10:45) Posted:
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Ezion Holdings Limited announced that its joint venture company, “Atlantic Labrador Pte Ltd” has secured a charter contract with a value of up to USD 73.0 million over a 4 year period to provide a North Sea Class accommodation jack-up rig to be used by a European oil major to support its oil & gas activities in offshore Denmark .
http://sgsharemarket.com/home/2011/06/singapore-company-highlights-17062011/?=Ezion
SINGAPORE, June 17 (Reuters) - CIMB Research has raised its target price for Singapore oil and gas services firm Ezion Holdings
The brokerage noted that with Ezion's core liftboat business facing competition and limited growth prospects, management has decided to pursue near-term earnings growth through other projects. " Although rig conversion jobs would appear to mark a diversification from Ezion's core liftboats business, we note that there are synergies between the lifeboat and rig conversion businesses as expertise required is similar," said CIMB in a report. At 0135 GMT, shares of Ezion were 1.6 percent higher at S$0.655.
They have fallen about 7.8 percent since the start of the year.
Ezion formed a bullish inverted hammer. Looking good.
http://sgsharemarket.com/home/2011/06/singapore-stock-market-screener-07062011/?=EzionHoldings
crude oil moving up.... ezion, ezra will move in tandem
zhixuen ( Date: 20-Sep-2010 12:17) Posted:
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Good Run until this moment
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This counter is holding up strong. Looks like it is going up again.
depends lor.
some good some is bad.
placement of share to raise capital for investment purposes contains risk also ma.
how each person view risk is subjective.
i cant say whether it is +ve or not. but i dont think it is bad for ezion case as their debt level is low and management standard is high.
Under halted. is good or bad ? if placement exercise.
kena halted.
i think maybe share placement exercise.
Sure, BUY at least has a upside of 15-20 cents. Happy investing. Cheers.