EZRA HOLDINGS LIMITED
5DN.SI
Ezra Holdings: Issues profit warning for 1QFY16
- Ezra Holdings announced that 1QFY16 results will show a net loss as compared to earnings in 1QFY15. This is mainly attributable to the continuing depressed state of the oil and gas industry which has impacted activities in the global offshore marine and subsea industry.
- Our below-consensus PATMI forecast for FY16 is a marginal US$1.4m vs. the street’s US$14.6m estimate.
- Meanwhile, the group’s 1QFY16 results will be released on 14 Jan 2016.
- Prior to this, we had a HOLD rating and S$0.16 fair value estimate on the stock.
Low Pei Han
OCBC Securities
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http://www.ocbcresearch.com/
2016-01-11
OCBC Securities
SGX Stock
Analyst Report
0.16
Same
0.16
