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Singapore “Flyer” of the Week: Ezra Holdings

ezra logo Ezra Holdings Limited (SGX: 5DN) rose 11.8% so far this week, closing at $1.47 on Thursday. It takes the honours and is our Singapore “Flyer” of the Week.

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

On 3rd December 2013, Singapore Exchange issued a trading query to Ezra regarding the unusual trading activity where the share price spiked 9%. It asked if the company was aware of any information not previously announced concerning Ezra, among other things.

In its reply, the company said that it “regularly explores and reviews business opportunities, projects and proposals relating to the subsea business and enters into discussions with various parties from time to time”. It is currently looking into some proposals and is in talks with regards to these proposals. However, there is no guarantee that the anything concrete will emerge from such discussions.

A few months back, at the end August 2013, the company quashed a report from TradeWinds that went – “Samsung Heavy Industries is said to have considered making a takeover bid for Singapore’s Ezra Holdings”. Ezra said that it was not aware of nor has it been engaged in any takeover talks as reported by TradeWinds. The following day, the stock price of the company went up by 3%.

Ezra is currently trading at 21 times its historical earnings and has a dividend yield of 0.4%.

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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.