2 July 2012.  Ezra closed at 1.09.  Despite the fact that it has rallied almost 23%, we have discussed it is undemanding for it to continue its rally to 1.13 – 1.14 to close the gap.  And we have also discussed the possibility of 1.085 is sustainable or not, a pullback to 1.02 – 1.05 looks reasonable.

The historical data speaks for itself. By 6 July, it reached a day high of 1.14. And 12 July, it closed at 1.09.

By now, you may have know that Ezra requested for a trading halt on 12 July. (1)  Ezra posts an increase of nearly 250% in net attributable profit for 3Q FY12 (2) Ezra strengthens global position with US$87m in contract wins (3) Ezra’s TRIYARDS clinches US$77 million contract to build another specialised offshore unit.
Preferred Scenario: A move below 1.085 …