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Inflexion point ahead for Ezion

Gwyneth Yeo
Gwyneth Yeo8/12/2016 04:02 PM GMT+08  • 2 min read
Inflexion point ahead for Ezion
SINGAPORE (Aug 12): OCBC Investment Research and UOB KayHian are maintaining their “hold” recommendation on Ezion Holdings after disappointing second quarter earnings.
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SINGAPORE (Aug 12): OCBC Investment Research and UOB KayHian are maintaining their “hold” recommendation on Ezion Holdings after disappointing second quarter earnings.

According to UOB KayHian lead analyst Foo Zhiwei, Ezion’s earnings appear to have “bottomed out”.

Foo believes 2H16 will be the “inflexion point” for Ezion’s earnings, as five units are expected to return to work. Beyond that, Foo expects another four units to be operational. UOB Kay Hian has reduced its earnings forecast for FY2016 by 31% to US$52 million and FY2017 by 37% to US$79 million.

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