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Ezion Holdings Limited

We project 106% net profit CAGR for Ezion in FY09-11.Delivery of 4 liftboats is the key earnings driver, with charter contracts at >60% EBIT margin.Participation in Australia’s Gorgon Project to jumpstart Ezion’s long term industry credibility.Initiate coverage with BUY. Fair value is S$0.76.Biggest owner of liftboats in Southeast Asia by 2010. Ezion provides ...

 

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