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Nice
finish !! strong buying up at closing ! 710k lots brought up to 2.07. Breakout soon ? =D
Emmm.. Nice nice to see old nick here again!!
Cheers ozone2002!!!
Huat arh!!!
Gd fundamental stocks are best bought on dip.. congrats to those who bought at low $2
Last:
2.06 Vol:
1990k 
+0.02 ozone2002 ( Date: 18-Nov-2013 12:03) Posted:
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pullback from high of $2.4+ .. now low $2.. still a gd biz nonetheless
Decent results, promising growth
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consensus estimate 3Q13 earnings slightly better than our above
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by lower JV and other income Gross margin outperformed impact partially offset
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delivered in 3Q, three more by Dec Some delivery rescheduling two service rigs were
? Maintain BUY with TP raised slightly to S$2.65
2Q results beat expectations
3Q13 results above.
y and 5% q-o-q to US$38.2m, bringing 9M13 net profit to
US$102.9m, or 73% and 77% of our and consensus? FY13
estimates. Growth was driven by fleet expansion,
commencement of three LNG projects at Curtis Island and
margin improvement. We are impressed with the 1.9ppt q-o-q
gross margin expansion to 48.2%, though impact on the
bottomline was partially offset by lower JV and other income.
Net gearing is manageable at 1.05x as of end Sept. Ezion?s 3Q13 net profit surged 137% yo-
Fleet to reach 18 rigs by Dec FY14/15F EPS raised by
3/2%.
in Myanmar and Mexico in 3Q - and three more units are
expected to come onstream by end Dec (for Caspian Sea, India
and Middle East), bringing its total fleet to 18 vessels (double
that of 9 in early 2013). Management indicated during the
briefing that 3 liftboats and 1 refurbished jackup rig are
experiencing delays of 3-6 months due to external factors. In
addition, service rig #11 will be off hire for about 5 months for
an upgrade requested by customer. We have adjusted our
revenue recognition accordingly. Nonetheless, after factoring
positive impact from higher margins, lower tax and interest
expense, our FY14/15F EPS are lifted marginally by 3.0%/1.6%. Ezion took delivery of two service rigs - for deployment
BUY, TP adjusted to S$2.65,
EPS. Current valuation is undemanding and we believe Ezion?s
strong earnings growth (2-year CAGR of 42% in FY13-15) and
contract wins will drive the stock price further. Maintain BUY. based on 14x revised FY13/14F
ozone2002 ( Date: 30-Aug-2013 10:25) Posted:
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This is a stock to buy on pull back.. great business, growth stock
Far and away from Syria DBS
deployed in Middle East Secured charter contract for a service rig to be
long distance from Syria Ezion?s service rigs for Middle East are near Qatar, a
Maintain BUY TP S$3.20
Adding 3
charter contract to provide bareboat charter for a refurbished
jack up rig worth US$49.1m over four years. Upgrading and
refurbishment work is expected to commence at the Middle
East yard next week and the rig is scheduled to be delivered
to a national oil company in Middle East by mid-2014. The
cost of the project ? US$40m - will be funded by equity (30%)
and 5-year floating bank borrowings (70%). rd service rig to Middle East. Ezion has signed a
Slightly different accounting treatment.
secured at Ezion level and the service rig will be chartered
from a 50:50 JV of Ezion and Scott & English Limited, a
subsidiary of Kim Seng Holdings. Hence, Ezion will consolidate
the project revenue but at minimal profits. Bulk of profits will
still be recognised under associate/JV income line and/or other
income as management fees, similar to their previous JV
vessels. We estimate this latest contract to contribute about
US$1.5m in FY14 and US$3.2m in FY15, representing 0.6%
and 1.2% of our FY14 and FY15 forecasts respectively. The contract is
A long way from Syria.
service rig operating in Middle East, in the Arabian Gulf near
Qatar. The second one, which will come on stream by early
2014, will be deployed around that region as well. Currently, Ezion has only one
Maintain BUY TP S$3.20.
intact, with the expectations of three additional contracts this
year and eight next year. Maintain BUY on Ezion with an
unchanged TP of S$3.20, pegged to 14x FY13/14 PE. We
continue to like Ezion?s strong growth profile and earnings
visibility. We are keeping our forecasts |
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Looking strong at $2.05 !!
Bull and the bear fighting at $2.05. Round 1, draw.. haha
Ezion Holdings: Bullish Setup!
Author: stistocktrading |
Publish date: Tue, 26 Nov 18:46
Bullish Signal: Bullish reversal candlestick with Stochastic bullish crossover!
Entry price: $2.06
Stop loss: $1.98
Profit target: $2.17
Reward to risk ratio: 1.4
Closing period the share price went up by 3 bids ?? @_@
Anyway I brought back some lots at 2.02. Saw the iron wall at $2.01 and $2.00 and decided to jump back. Kudos to all that is still holding on to Ezion! Hoping for a good Christmas !!
Happy Trading =D
Gota agree with this. I'm just waiting for the right moment to re-enter into Ezion. I believe that the best isn't over yet. Hoping that the US tapering crap would send some jittery investor to sell their shares to me haha!
dhalinx ( Date: 26-Nov-2013 13:35) Posted:
Is one year the allocated performance timeframe? Perhaps we should be looking at the rest of the performance before decide on when it is over. Good luck.
ynnek1267 ( Date: 26-Nov-2013 13:20) Posted:
| This stock perform excellent in past 1 year. Time to give way to other to perform. |
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its a good stock need a catalyst for it to head higher......no point to chase. big players all away. wait for mid dec n then see
Is one year the allocated performance timeframe? Perhaps we should be looking at the rest of the performance before decide on when it is over. Good luck.
ynnek1267 ( Date: 26-Nov-2013 13:20) Posted:
| This stock perform excellent in past 1 year. Time to give way to other to perform. |
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This stock perform excellent in past 1 year. Time to give way to other to perform.
I would definitely buy in at that price too! haha. I'm just afraid of missing the boat if ezion starts regaining its upward momentum. This few days market so quiet, abit eerie.. =.= I'm clueless as well to which direction the STI is moving.
Angel555 ( Date: 26-Nov-2013 12:48) Posted:
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perhaps around 1.92 the x bonus price
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perhaps around 1.92 the x bonus price
Just curious, for those who have taken profit like me, at what price would it be attractive to entice you to buy back ? =D
I've been patiently queuing up for days to get at $2.00 haha.
thanks.....for the info.
cheers
BullsAndBear ( Date: 22-Nov-2013 16:22) Posted:
You should have received the bonus shares as of last Friday. I received the CDP statement yesterday about the bonus shares being credited to your CDP account. If you still feel uncertain, you can just call the CDP hotline and check your free balance. Not sure if they allow you to do that, but you can try.
newbie2012 ( Date: 22-Nov-2013 14:32) Posted:
hi. anyboday have any idea what happen to the 1 for 5 bonus share? i dun seem to hear anything from them.
Cheers
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You should have received the bonus shares as of last Friday. I received the CDP statement yesterday about the bonus shares being credited to your CDP account. If you still feel uncertain, you can just call the CDP hotline and check your free balance. Not sure if they allow you to do that, but you can try.
newbie2012 ( Date: 22-Nov-2013 14:32) Posted:
hi. anyboday have any idea what happen to the 1 for 5 bonus share? i dun seem to hear anything from them.
Cheers
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hi. anyboday have any idea what happen to the 1 for 5 bonus share? i dun seem to hear anything from them.
Cheers
You have to call your broker to sell it off for odd lots. There is a different platform that brokers use for odd lot trading. At least that's what I know from the platform I am using which is from Kim Eng.
Hello! A bit new here. Anyone holding on to odd lots? Not sure how I'm supposed to get rid of an odd lot if they never request for any odd lot trading. Should have rounded up my holdings :(
Broken. Testing next support level at $2.00-$2.01.
