Ezion +4.4%; 58% 3-year earnings CAGR tipped: DMG

Ezion Holdings (5ME.SG) +4.4% at $0.715 in active trade as investors take advantage of slight pullback in last few sessions to accumulate, says Dow Jones.

“Ezion is our top pick in the small- and mid-cap offshore and marine space, as we expect it to deliver the highest earnings growth among its peers,” says DMG research head Terence Wong; tips 58% 3-year CAGR from FY10. Recent newflow from marine logistics group generally positive, with latest announcement being A$70 million ($89 million) contract in August to service multinational oil company in Australia, where Ezion in midst of setting up 2 marine supply bases in bid to clinch orders from offshore oil & gas companies. Resistance eyed at $0.74 (May 13 high).