Thanks to the roll out of Pokemon Go in Singapore, I have been fairly quiet in the investing realm. However, the achievement of “level 20: milestone has turned my attention back to investing. My recent purchase has been in Ezion holdings in the region of 0.29.
In one sentence, Ezion owns liftboats and charters them out to companies. Its business segment is mainly in South East Asia where many oil wells in SEA are maturing and will require maintenance; this is where the use of liftboats is needed. Its share price has fallen drastically due to Swiber’s events as well as its own recent rights issue. However there are a few positives for the company.
Ezion has a few customers who are national oil companies in the South East Asia region. As these customers are mainly NOC and SOEs, the delinquency rate should be better. However, it …