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EZION HOLDINGS

EZION HOLDINGS

BUY (S$1.395)

OCBC maintains its BUY rating while increasing the fair value estimate to S$1.70 from S$1.53, citing the constant flow of contracts which illustrates the demand for Ezion’s expertise and assets. This follows news of a joint venture with Kim Seng Holdings which has secured contracts worth US$298 million.

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