Wednesday, April 18, 2018

EZION STOCK: SHOULD YOU INVEST NOW?

Ezion stock
Dear readers, Ezion stock resumed trading on the SGX yesterday (17 Apr 2018) after the stock was suspended for eight months before. Before suspension, Ezion stock last traded at $0.197 and when the stocks markets opened yesterday, Ezion stock price rallied to a opening high of $0.245 (around 24.3% higher) and reached an intra-day high price of $0.255. However the rally was not sustained, Ezion price ultimately went south, to an intra-day low of $0.192 before closing the trading day at $0.194 (1.523% lower).
Looking at the trading performance of the stock today, I believe investors who bought into Ezion stock at the opening with a bullish view would be surprised the performance of Ezion stock would be so different in the later half of the trading session.

The following are the recent analyst reports of Ezion stock:

1) PhillipCapital: unrated target price (report here)

2) UOB Kay Hian: Hold with target price of $0.18 (report here)

3) DBS: Buy with target price of $0.29 (report here )

As to whether to invest in Ezion stock now, I believe there are better stocks on SGX to consider. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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