Strange that I can’t find a thread on Ezion despite share price doubling this year? Seems like little interest in this rising star which has strong earnings growth/visibility and ROE. Am vested. My views only.
Daiwa insists rumours of takeover are rumours! Long way down from $1.235 to 88 cent target price.
Since early September 2013, Ezra Holdings’ (Ezra) share price has rallied 46%. We believe the share price has outrun the company’s fundamentals, which we do not believe have changed, and that the company’s valuations now look even more stretched.
With 29% downside to our SOTPbased six-month target price of
SGD0.88, we downgrade our rating to Sell (5) from Underperform (4).
