ShareJunction - Stock Forum Messages

Ezion

Niche services to the offshore sector

But current TA chart for this one don't spell any good upside trend..........

Any expert to share their view on this one. Feel free to do so.

should have go in yesterday. aiya.

moving now, should break 0.8 today

Ezra start moved liao, so Ezion should follow to move up soon.

The Gorgon contract worth 350mil should be confirmed with them soon, hope so see more upside coming for this stock

Kim Eng Securities Target Price

1) Ezion Holdings – Initiation (Rohan Suppiah 6432-1455)
Previous day closing price: $0.77
Recommendation: Buy
Target price: $0.99
Since its acquisition of Nylect in 2007, Ezion has laid a strong foundation for growth, and it is now time to reap the rewards. Earnings growth of 109% p.a. is expected over the next 3 years. Despite its share price outperformance YTD, we believe that Ezion deserves a further re-rating mainly due to the maiden delivery of its liftboat and execution of its Gorgon project. Our target price is S$0.99, with a FY10 multiple of 15x. PE to Growth is still just 0.33x.
Niche solutions provider
Ezion’s key strength is to identify opportunities within the offshore industry, and then to finance, design, procure and modify specialised vessels which it then charters out, at premium margins.
Earnings to grow from liftboats
Currently, Ezion derives the bulk of its earnings from ballastable vessels, which serve as support vessels for offshore projects. Going forward, earnings will be boosted significantly by the addition of 4 self-propelled jack-up support rigs (aka liftboats) to its fleet of vessels.
Opportunities from Gorgon
Ezion also recently won an A$350m contract for early-stage work in the development of Western Australia’s massive Gorgon natural gas project. We anticipate more jobs to come from this project, which has an estimated capex of at least US$28bn.
More upside to our target price of S$0.99
Ezion’s share price has moved up sharply on the back of positive news flow such as the Gorgon contract win. However, we believe its prospects have not yet been fully reflected in its share price. Despite FY09 valuations of 35.9x, PE to Growth is still just at 0.33x. We expect further 28% upside to our target of S$0.99, which is based on 15x FY10 earnings.

EZION will move in tandem with EZRA. These are the 2 stocks to watch and hold for medium terms

Bintang ( Date: 14-Aug-2009 18:58) Posted:

Ezion has stood above the neckline of the inverted H&S pattern for 8 days , this is almost confirmed its uptrend movement . With the huge volume done today , it has gained enough momemtunm to propel the share price to move up in the coming week . If measure from the neckline , the final target would be $1.26 .

Bintang ( Date: 14-Aug-2009 09:09) Posted:

Ezion opens with a big gap n large volume , it looks like the consolidation is over , n the uptrend is resuming

Ezion has stood above the neckline of the inverted H&S pattern for 8 days , this is almost confirmed its uptrend movement . With the huge volume done today , it has gained enough momemtunm to propel the share price to move up in the coming week . If measure from the neckline , the final target would be $1.26 .

Bintang ( Date: 14-Aug-2009 09:09) Posted:

Ezion opens with a big gap n large volume , it looks like the consolidation is over , n the uptrend is resuming .

surge88 ( Date: 14-Aug-2009 07:48) Posted:

Thank you Bintang for your comments on both counters as requested. Best of luck in trading Smiley

Ezion opens with a big gap n large volume , it looks like the consolidation is over , n the uptrend is resuming .

surge88 ( Date: 14-Aug-2009 07:48) Posted:

Thank you Bintang for your comments on both counters as requested. Best of luck in trading Smiley

Bintang ( Date: 13-Aug-2009 20:29) Posted:

Hi surge88 , Ezion has been working very hard these few days to do the consolidation before going up further . Because of the huge volume done few days ago , so to have a sustainable uptrend in the future , its volume in the coming week must to exceed which done previously . The ADX is at 32 which means the uptrend is intact n still room to improve . Short term target is at 86 cents

Thank you Bintang for your comments on both counters as requested. Best of luck in trading Smiley

Bintang ( Date: 13-Aug-2009 20:29) Posted:

Hi surge88 , Ezion has been working very hard these few days to do the consolidation before going up further . Because of the huge volume done few days ago , so to have a sustainable uptrend in the future , its volume in the coming week must to exceed which done previously . The ADX is at 32 which means the uptrend is intact n still room to improve . Short term target is at 86 cents .

Bintang ( Date: 13-Aug-2009 17:45) Posted:

Ok , surge88 , I m watching closely at this counter , n would post the comments after viewing the updated chart .

Not a problem to reach 88 cents . Target price of 90 cents was set 2 months ago and the new TP should be a $1 now

Bintang ( Date: 13-Aug-2009 20:29) Posted:

Hi surge88 , Ezion has been working very hard these few days to do the consolidation before going up further . Because of the huge volume done few days ago , so to have a sustainable uptrend in the future , its volume in the coming week must to exceed which done previously . The ADX is at 32 which means the uptrend is intact n still room to improve . Short term target is at 86 cents .

Bintang ( Date: 13-Aug-2009 17:45) Posted:

Ok , surge88 , I m watching closely at this counter , n would post the comments after viewing the updated chart .

Hi surge88 , Ezion has been working very hard these few days to do the consolidation before going up further . Because of the huge volume done few days ago , so to have a sustainable uptrend in the future , its volume in the coming week must to exceed which done previously . The ADX is at 32 which means the uptrend is intact n still room to improve . Short term target is at 86 cents .

Bintang ( Date: 13-Aug-2009 17:45) Posted:

Ok , surge88 , I m watching closely at this counter , n would post the comments after viewing the updated chart .

surge88 ( Date: 13-Aug-2009 17:05) Posted:

Hi Bintang, Any further comments on this counter for this week trading ?

If you hv e time after your trading hours. Appreciate. Thank you.

Ok , surge88 , I m watching closely at this counter , n would post the comments after viewing the updated chart .

surge88 ( Date: 13-Aug-2009 17:05) Posted:

Hi Bintang, Any further comments on this counter for this week trading ?

If you hv e time after your trading hours. Appreciate. Thank you.

Bintang ( Date: 06-Aug-2009 19:28) Posted:

Hi Raymond , the immediate TP is still at 86 cents , n longer term TP would be $1.00 which can be found out from the flag formation

Hi Bintang, Any further comments on this counter for this week trading ?

If you hv e time after your trading hours. Appreciate. Thank you.

Bintang ( Date: 06-Aug-2009 19:28) Posted:

Hi Raymond , the immediate TP is still at 86 cents , n longer term TP would be $1.00 which can be found out from the flag formation .

raymondho ( Date: 06-Aug-2009 18:15) Posted:

Thank you, Bintang

Immediate TP at where by your measurement?

Would it be OK to add on?

Hi Raymond , the immediate TP is still at 86 cents , n longer term TP would be $1.00 which can be found out from the flag formation .

raymondho ( Date: 06-Aug-2009 18:15) Posted:

Thank you, Bintang

Immediate TP at where by your measurement?

Would it be OK to add on?

Today is the key reversal day for Ezion , it breaks 75.5 cents with huge volume , the target price could be achieved if the volume remain high .

raymondho ( Date: 04-Aug-2009 12:38) Posted:

Noted, thanks, no point to run away and come back with little profit. Hold and wait.

If there is a minor correction today , it is healthy for the uptrend to continue . .

Hi Raymond , very simple to find that target , just minus the lowest point 52.5 cents from the highest point 69.5 cents n then add to the highest point 69.5 cents , u will get the minimum target price . You must also find for the target price from other formation or gap formation to confirm your previous finding . Just now I used the gap to find out the same target price to confirm again , n got the same answer .

raymondho ( Date: 03-Aug-2009 21:16) Posted:

Hi! Bintang

I always read and follow your post, and also made money with it. Thank you.

As my TA knowledge is limited, what I can see the next target is 0.79 but you have projected it to 0.86, I supposed you are using some fomula calculation to reach it. May I know what method you calculte it ?

Login Register

Niche services to the offshore sector