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Ezra Holdings Limited announced that it will add four high-end multi-purpose platform supply vessels (PSVs) to its fleet in the light of the positive outlook for the sector. The investment of approximately US$130 million underlines its commitment to strengthening the capabilities of its core businesses and driving its next growth phase. At the same time, the Group has also announced that EMAS Offshore Pte Ltd, the Group’s operating entity for offshore support services, has secured letters of intent and/or letters of award for approximately US$51 million worth of new contracts which will charter five anchor, handling, towing and supply (AHTS) vessels and a PSV to oil majors, national as well as independent oil companies, for operations in Asia and Australia. In aggregate, the average period for the new charters will exceed two years.
/ps
i came i read i posted
DBS down graded on both Noble and Biosensor...
see this week...what happened? More to come to show DBS analysts are DAY-DREAMING in the office!
imho, analysis from cimb has the least standard among all the brokers. target price is always either pegged very very high, or very very low... 
if i m the head of this dept, i will really vomit blood to see this kind of standard. Wonder how on earth do they compete with the rest?
bsiong ( Date: 22-Nov-2010 14:44) Posted:
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Ezra will invest US$130m in four multi-purpose PSVs to build up its offshore support services. The company also announced US$51m worth of charter contracts in Asia and Australia , with the average charter period exceeding two years. We believe this announcement will drive interest in Ezra’s share price this morning. We currently have anOutperform recommendation with target price of S$3.00.
/cimb
Hi all
Anybody know when they going to remove EZRA200 (Buy-in Only)
Thanks in advance.
Ezra Holdings Limited
said that it has bought a well-equipped 650,000 square feet fabrication facility in Houston , US , at 'distressed prices'. The deal is expected to provide Ezra with the ability to fabricate customized cranes which meet the stringent requirements of the modern offshore O&G fleet. Lionel Lee, Ezra's managing director, said:'The new Houston base will allow us to quick start our drive into the engineering and fabrication market in the Americas and Europe .' The acquisition is made through Ezra's newly formed subsidiaries Ezram Properties LLC and Ezram Enterprise LLC.
Ezra anchors itself as a global engineering services provider with purchase of US fabrication facility
http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_9DCA51CEF15FF73D482577DD0033B3A0/$file/Ezra_Houston_Press_Release.pdf?openelement
jonahach ( Date: 06-Nov-2010 21:26) Posted:
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lucky168 ( Date: 05-Nov-2010 01:08) Posted:
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