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Ezion turns to wind to power growth

Benjamin Cher
Benjamin Cher9/30/2016 01:28 PM GMT+08  • 2 min read
Ezion turns to wind to power growth
SINGAPORE (Sept 30): UOB Kay Hian on Friday maintained its “hold” call on Ezion Holdings, and raised its target price to 30 cents from 23 cents previously.
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SINGAPORE (Sept 30): UOB Kay Hian on Friday maintained its “hold” call on Ezion Holdings, and raised its target price to 30 cents from 23 cents previously.

Ezion’s earnings appear to have bottomed out in 2Q16, notes UOB lead analyst Foo Zhi Wei.

“Management has been nimble with its strategy, venturing into the wind farm industry to mitigate the downturn,” says Foo.

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