Ezion - Lifting Vessel Specialists

Ezion Holdings one of the Asia largest fleet in 'Ballastable vessel or Lift vessels" has recently just announced LOI worth 70 Millions.

The company is expected to post more than 100% growth in year 2010.

The Group's revenue for the three months ended 30 September 2010 ("3Q10") increased by $25.0 million (120.7%) to $45.7 million as compared to the corresponding three months of 2009 ("3Q09").

This was due mainly to:-

i) the contribution from the chartering of the Group's multi-purpose self-propelled jack-up rigs;

ii) the deployment of vessels to our joint venture company in Australia in support of the Gorgon gas field in Australia; and

iii) the marine services of about $11 million provided in relation to the Gorgon project.

As a result of the increase in revenue, the Group's gross profit rose by $8.6 million (109.8%) to $16.4 million (3Q09: $7.8million).

The company has also made announcement on 13th October 2010 that it has gone into

JOINT VENTURE WITH BBC CHARTERING &LOGISTIC GMBH &CO. KG FOR THE

OWNERSHIP OF A VESSEL; AND CHARTER OF THE VESSEL TO BBC FOR

AN APPROXIMATE VALUE OF USD 28 MILLION OVER A 6-YEAR PERIOD.

This contract is however not expected to have a material impact on the

Group’s earnings per share or net tangible assets per share for the financial year 2010 but are certainly going to boost the revenue for 2011.

The vessel will be used mainly for the haulage of cargos that are required

by the Oil & Gas industry in Australia and Papua New Guinea from the United States of America.

This is being viewed as a positive development as estimated more vessels might be needed for the same deployment of the similar cargoes for the same trade routes and hence forth more contracts and revenues for further growth.

Ocbc has a price target of 82 cents, Dbs - 86 cents and Cimb - 98 cents.

Currently the price is 68.5 cents.

I think is good to accumulate some when the price has come down to 66 cents.

It has an upside potential of about 19 - 30 %.

N.B

(Invest at your own decision)

Easy way to make some extra money from a booming market

There is an easy and cheaper way that you may profit from the booming stock market.
For example, simply just buy into the entire Singapore stock market or what we usually refers to as the index of the country's stock market.

In Singapore, it is known as the 'Straits Times Index' that measures the performance of the Singapore stock market.

The Singapore Straits Times Index(STI) is being calculated based on the weighted-average prices of the 30 component stocks listed on the Singapore Stock Exchange.

We may buy into STI ETF which is known as Straits Times Index Exchange Traded Fund that is designed to track the performance of the STI.

An ETF counter is being traded just like any other stock counter listed on the Singapore Stock Exchange.During the boom market, the index will usually tend to trend higher and thus the Exchange Traded Fund prices will also rise/appreciate. You tend to make money if you are able to hold it on a longer term.

The closing price of the STI ETF as of 17th December 2010 is $3.22 per shares and buying one lot ( 1000 shares) on this STI ETF will cost you $3220.

STI ETF also pays yearly dividends of about 2 - 3 percents.
If the Singapore Straits Times Index is able to reach the high of 3800 points then the price of this STI ETF would also rise likewise.
Of course, if the STI ETF has reached a new high, then it will be good for you to take profit and then buy back later at a lower price.

N.B.
(Invest at your own decision)