SINGAPORE (Dec 15): DBS is maintaining its “buy” call on Ezion with an unchanged target price of $1.00 as the company strikes up partnership with Chinese state-owned enterprise to make a foray into the wind farm energy sector in China.

In a Dec 15 report, analyst Ho Pei Hwa said Ezion is well positioned to benefit from the rising popularity of liftboats in the region, capitalising on its first-mover advantage.

“We believe service rigs are in an early growth phase, buoyed by the substitution effect to replace typical work boats/barges in this region,” adds Ho.

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