J.P. Morgan initiated coverage of Ezion Holdings Ltd with an 'overweight' rating and a target price ofS$1.60, saying the company owns the largest and mostsophisticated class of liftboats in the world and is one of thefirst to promote their usage in Asia and the Middle East. Ezion shares were up 1.2 percent at S$1.275 on Monday. Thestock has nearly doubled so far this year, versus the 23 percentgain in the FT ST Small Cap Index. Increased offshore construction activities and ageingplatforms are likely to drive demand for liftboats, J.P.Morgansaid, adding that $1. ...
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