Singapore “Flyer” of the Week: Ezra Holdings

Ezra Holdings Limited (SGX: 5DN) flew 8.9% so far this week to close at S$1.34, making it snatch the “Singapore “Flyer” of the Week” accolade from our hands.

Ezra is an offshore contractor and provider of integrated offshore solutions across a broad spectrum of the support supply chain.

On 30th of October, the company announced that the Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded some US$110 million worth of new projects in subsea construction and offshore support services.

Ezra’s Group Chief Executive Officer and Managing Director, Mr Lionel Lee, elatedly said, “I am delighted with the steady progress that EMAS AMC has made this year. Not only are we continuing our winning momentum, but we have also demonstrated that we have positively rebounded, and that project execution is reaching a higher level of operational efficiency. We are now beginning to see various repeat clients, which mean we are gaining recognition for the good work we are doing.”

Last week, the company announced a record US$1.26 billion in revenue for its full year results in FY2013 and the order book stands upwards of US$2 billion.

Ezra is trading at a historical PE ratio of 19 and sports a dividend yield of 0.5%.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice.  Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.