【Ezra 5DN 交流专区】以斯拉控股 EZRA HOLDINGS LIMITED

icy97

以斯拉控股赢得1亿2,000万美元合约
http://www.sharesinv.com/zh/articles/38278/

2013年04月12日
为油气业提供综合离岸方案的一大企业以斯拉控股(Ezra Hldgs)赢得了总值1亿2,000万美元的4份合约。公司的深海服务部门EMAS AMC从两大石油巨头赢得在墨西哥湾及西非的安装项目。该部门也赢得项目管理和安装工程，因而进一步巩固其在非洲的地位。公司的岸外支援部门从一大型菲律宾石油公司赢得1份8年期及附带期权的合约，涉及岸外勘探工程。此部门1艘船只的西非合约也获延长5年。另外，公司宣布其截至2013年2月28日的1H13收入和毛利提高34%。

启示：公司依旧看见增长良机，尤其是西非市场，尽管各个市场带来的挑战各异。公司认为其中至长期前景依旧稳健，其未完成的订单额超过21亿美元，并来自世界各地。

icy97

Ezra posts 34% rise in 2Q earnings to $36.8mil; wins 4 subsea services contracts worth $149mil
http://www.theedgesingapore.com/the-daily-edge/business/43435-ezra-posts-34-rise-in-2q-earnings-to-368mil-wins-4-subsea-services-contracts-worth-149mil.html

Fri, 12 Apr 20:03
Ezra Holdings, the contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry, reported a 34% increase in earnings to US$29.7 million ($36.8 million) for the three months ended 28 February 2013 (2Q FY13) from the year ago period (2Q FY12) as revenue rose 17% to US$247.1 million.

The increase in revenue from offshore support services division in 2Q was due to an increase in revenue of US$21 million from the Subsea Services Division and US$13.7 million from Marine Services Division. The group’s gross profit also increased to US$42.3 million in 2Q13 from US$34.3 million in 2Q12 while gross profit margin has remained relatively constant at 16% and 17% in 2Q12 and 2Q13 respectively.

Lionel Lee, Ezra’s Managing Director, said: “Industry players across the subsea sector faced unexpected postponement of project awards and execution as well as supply chain bottlenecks, tempering the outlook for the segment this year. Even so, Ezra managed to hold its own in 1H FY13, and we believe that prospects for the subsea sector remain strong over the medium to long term.

Ezra also announced in a separate SGX statement that its subsea services division, EMAS AMC has four contracts totalling close to US$120 million from major oil companies. The contracts will be carried out in the Gulf of Mexico, West Africa and the Philippines.

The group has a order backlog of more than US$2.1 billion of contracts spanning the globe with its subsea division underpinning more than half of these projects.

icy97

以斯拉控股的2Q13盈利跃升34%；订单额超过21亿美元
http://www.sharesinv.com/zh/articles/38294/

2013年04月15日
以斯拉控股(Ezra Hldgs)在截至2013年2月底的2Q13录得收入及盈利分别增加17%至2亿4,710万美元及34%至2,970万美元。上半年的收入跃升34%至5亿2,580万美元，毛利则提高34%至9,220万美元。深海服务子公司EMAS AMC是对营业额贡献最大的部门，占1H13的1亿3,350万美元总营业额的1亿零710万美元。离岸支援服务部门的贡献为970万美元，海事服务子公司TRIYARDS则贡献1,670万美元。公司的归属股东净利为3,640万美元，而1H12为3,540万美元。随着公司更有效地管理营运资本，营运现金流改善，净杠杆比从FY12的1.1倍下降至1H13的0.9倍。

启示：公司的订单额维持在稳健的21亿美元以上，并且是来自世界各地。深海服务部门占这些订单的超过一半。此外，公司的毛利率依旧稳定，1H13及1H12均约为18%。

icy97

PhillipCapital starts Ezra Holdings at Neutral
http://www.theedgesingapore.com/the-daily-edge/business/44347-phillipcapital-starts-ezra-holdings-at-neutral.html

Tue, 18 Jun 11:47
PhillipCapital starts Ezra Holdings (5DN.SG) at Neutral with a $1.00 target. The house believes the stock is well-positioned to benefit from the upbeat subsea market, especially after its acquisition of AMC in 2011.

By the house's calculations, every US$100 million ($126 million) increase in new subsea order win should add $0.04-$0.05/share; year-to-date the company has received US$832 million worth of new orders.

Phillip tips that downside risks for the stock include a prolonged decline in oil prices, while a prolonged increase in oil prices would be an upside risk. Shares are up 1.1% at $0.95.

icy97

Ezra's units win contracts worth a total of $637mil
http://www.theedgesingapore.com/the-daily-edge/business/44646-ezras-units-win-contracts-worth-a-total-of-637mil.html

Thu, 11 Jul 19:34
Ezra Holdings, the provider of offshore solutions to the oil and gas (O&G) industry, announced that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have won projects worth US$505 million ($637 million). These projects will be executed in the North Sea, Africa, the Gulf of Mexico and the Asia-Pacific region.

EMAS AMC received a letter of intent for a US$120 million project offshore West Africa in 2014 utilising its flagship vessel, the Lewek Constellation together with the Lewek Express.

The other four contracts are a US$105 million contract awarded by an oil major to support a deepwater project in West Africa, two other awards won by EMAS AMC are located in the Gulf of Mexico with a combined value of US$53 million, and the most recent win from an oil major in the North Sea with a value of up to US$126 million including options. The earliest commencement for these projects is in 2013, while others are scheduled to run through to 2016.

EMAS Marine was awarded five time charter contracts, for a Platform Supply Vessel (PSV) and four Anchor Handling, Towing and Supply (AHTS) vessels. These charters were awarded by oil majors and national and independent oil companies. The charters, to be carried out in the Asia Pacific region, are worth a total of US$102 million (including options). The average tenor of these contracts is approximately 2.2 years.

icy97

以斯拉控股赢得总值超过5亿美元的项目
http://www.sharesinv.com/zh/articles/40330/

2013年07月12日
为油气业服务的国际离岸承包商兼综合离岸方案商以斯拉控股(Ezra Holdings)宣布，其深海服务子公司EMAS AMC及岸外支援服务子公司EMAS Marine赢得总值约5亿零500万美元的项目。这些项目包括位于西非、墨西哥湾和北海的深水项目；一份价值1亿2,000万美元的意向书，涉及其冰上深水铺管船Lewek Constellation的首航服务；以及五份在亚太区服务的包租租约，平均租期约为2.2年。公司的董事长黎才德表示：“EMAS AMC已日渐成熟，并越来越受市场青睐，我们将能在近期内扩大市场份额，因为取得更多项目将让我们的新船只开始投入服务。”

启示：截至2013年5月31，公司手上未完成的订单总值超过20亿美元，比去年同期高出27%，工作排至2016年。这显示了公司的竞争力及其在本区域的声誉。公司有信心能保持强劲的项目来源，并将在非洲、墨西哥湾和北海增加业务活动。

icy97

Ezra dips after earnings disappoint
http://www.theedgesingapore.com/the-daily-edge/business/44652-ezra-dips-after-earnings-disappoint.html

Fri, 12 Jul 16:03
Ezra Holdings shares lost as much as 5% after the company reported an earnings miss, amid a fall in Singapore's benchmark stock index after a three-day rally.

Ezra Holdings, a Singapore-based offshore oilfield service provider, said net profit for the three months ended on May 31 plunged 68% on the year to US$7.2 million ($9.1 million), after counting in a one-off gain from its divestment of shares in Ezion Holdings.

"Stripping that out, Ezra would have reported a core net loss of US$57.7 million, significantly worse than our projections of US$15 million profits," DBS Vickers said in a research note.

Barclays kept its "underweight" call on the stock and target price at $0.90.

Ezra's shares were down 3.9% at $0.975 at 11:52 am, They have fallen about 14% this year.

Ezra also announced a string of order wins worth over US$630 million.

Singapore's Straits Times Index was down 0.6% at 3,228.15, snapping a three-day winning run.

icy97

Ezra Holdings downgraded to fully valued by DBS Vickers
http://www.theedgesingapore.com/the-daily-edge/business/44660-ezra-holdings-downgraded-to-fully-valued-by-dbs-vickers.html

Mon, 15 Jul 14:48
Ezra would have recorded a core net loss of about US$58 million in 3Q-FY13, if exceptional gains of about US$65 million ($82.2 million), including gains on disposal of its remaining stake in Ezion,have been stripped away.

“The underperformance was driven by i) negative contribution from subsea division as a result of project delays in the North Sea, adverse timing of revenue receipts and write-offs related to legacy projects and ii) lower revenue and weaker margins from the offshore chartering division owing to sub-optimal utilisation of fleet. Admin expenses were also higher than normal levels,” says analyst Suvro Sarkar in DBSVO Clarity email to subscribers.

Meanwhile, the subsea division EMAS AMC reported order wins of about US$400 million across North Sea, West Africa and Gulf of Mexico, taking YTD order wins to US$1.4 billion. However, with most projects requiring long lead times and stretching from 2014 to 2016, near term impact is not significant, says DBS Vickers. “We continue to expect another US$1.5 billion worth of new subsea contracts in FY14,” says Sarkar.

Apart from costs associated with certain legacy projects, project delays and other risks associated with offshore EPC contracts will continue to impact Ezra’s subsea operations, in DBS Vickers’ view.

“The integration of AMC has taken longer than expected and we rationalise our margin expectations, going forward. As a result, we now forecast a full year core net loss of US$55 million and cut our FY14 net profit forecast by 46% to US$37 million. Our SOTP valuation is revised down to $0.90, based on 0.8x P/BV for Ezra’s core operations, down from 1.15x P/BV earlier, to account for lower margins and ROEs as well as risks associated with a highly geared balance sheet amidst a potentially rising interest rate environment in future. Downgrade to Full Valued,” says Sarkar.

lmzghy

请问  这只股还用潜力吗?回升到多少?谢谢

icy97

Name of Announcer *	EZRA HOLDINGS LIMITED
Company Registration No.	199901411N
Announcement submitted on behalf of	EZRA HOLDINGS LIMITED
Announcement is submitted with respect to *	EZRA HOLDINGS LIMITED
Announcement is submitted by *	Yeo Keng Nien
Designation *	Company Secretary
Date & Time of Broadcast	07-Aug-2013 20:11:34
Announcement No.	00274

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

Ezras Subsea Services divisions flagship vessel Lewek Constellation awarded contract in West Africa with VAALCO

Description

Please see attachment.

Attachments

Ezra_Press_Release_Vaalco.pdf

icy97

Name of Announcer *	EZRA HOLDINGS LIMITED
Company Registration No.	199901411N
Announcement submitted on behalf of	EZRA HOLDINGS LIMITED
Announcement is submitted with respect to *	EZRA HOLDINGS LIMITED
Announcement is submitted by *	Yeo Keng Nien
Designation *	Company Secretary
Date & Time of Broadcast	21-Aug-2013 19:44:27
Announcement No.	00118

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *

Completion of EOCs transaction to sell 51% equity interest in the entities owning and operating the FPSO Perisai Kamelia

Description

Unless otherwise defined, all capitalised terms and references used in this Announcement shall have the meanings ascribed to them in the announcement dated 1 December 2012 in relation to EOCs sale of 51% equity interest in the entities owning and operating the FPSO Perisai Kamelia (previously known as Lewek Arunothai). Further to the announcement made on 1 December 2012, the Board of Directors of Ezra Holdings Limited (the Company) wishes to announce that EOC, which is 45.7% owned by the Company, has completed the sale of 51% equity interest in the entities owning and operating FPSO Perisai Kamelia to Perisai Production Holdings Sdn Bhd (a wholly-owned subsidiary of Perisai Petroleum Teknologi Bhd, an associate of the Company) on 21 August 2013. Announcement released by EOC in the Oslo Bors can be accessed at http://emasoffshore-cnp.com/news.php?releaseid=799155. By Order of the Board Yeo Keng Nien Company Secretary 21 August 2013

icy97

Name of Announcer *	EZRA HOLDINGS LIMITED
Company Registration No.	199901411N
Announcement submitted on behalf of	EZRA HOLDINGS LIMITED
Announcement is submitted with respect to *	EZRA HOLDINGS LIMITED
Announcement is submitted by *	Yeo Keng Nien
Designation *	Company Secretary
Date & Time of Broadcast	23-Aug-2013 18:07:49
Announcement No.	00126

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *	New Subsidiary Company
Description	Please refer to attachment.

Attachments

Ezra_New_Subsdiary_Company.pdf

icy97

Ezra posts 62% jump in 4Q earnings to US$13.5 mil
Publish date: Fri, 25 Oct 11:14
http://www.theedgesingapore.com/the-daily-edge/business/45998-ezra-posts-62-jump-in-4q-earnings-to-us135-mil.html

Ezra Holdings said growth in revenue contributed to a 62% jump in the group’s 4QFY13 net profit after tax to US$13.5 million from US$8.3 million in 4QFY12.

Fourth-quarter revenue (4QFY13) was 28% higher at US$419.2 million compared to US$326.3 million in the same period last year (4QFY12).

The group added project-enabling assets Lewek Express and Lewek Centurion to its existing subsea fleet in 4QFY13, and has also boosted its project management and engineering teams.

In FY13, the group has won subsea contracts worth in excess of US$1.4 billion. Net profit after tax for the full year stands at US$64.1 million, down slightly from US$66 million recorded in the previous year.

icy97

Ezra hits over 2-year high on deal talk
Source: Reuters   |   Publish date: Wed, 4 Dec 13:54
http://www.theedgesingapore.com/the-daily-edge/business/46566-ezra-hits-over-2-year-high-on-deal-talk-singapore-index-flat.html

Ezra Shares in offshore oilfield service firm Ezra Holdings hit their highest level in more than two years, on talks that the company is engaged in discussion on its subsea division, while the Singapore benchmark index barely moved.

Ezra’s stock rose as much as $1.475 on Wednesday, a level unseen since July 2011, after shooting up 9% in the previous session, for which the company received a query from the Singapore Exchange.

In response to the exchange’s query filed late Tuesday, Ezra said it was not aware of any information that had caused the price jump, but admitted that it is in discussions related to its subsea division.

“The Company is currently evaluating certain proposals and is engaged in discussions in relation to these proposals,” it said in a filing, adding that there is no certainty whether these discussions will progress beyond the current stage.

icy97

以斯拉控股的1Q14盈利微跌6.1%
2014年01月10日
http://www.sharesinv.com/zh/articles/43925/

以斯拉控股(Ezra Holdings)在截至2013年11月30日的1Q14录得收入从1Q13的2亿7,870万美元增加21.9%至3亿3,980万美元，由于深海服务及海事服务部门的贡献均提高。

其他营运收入从630万美元下跌84.1%至100万美元，主要是因蒙外汇亏损及没有在1Q13一次过确认的资产脱售收益。

少数股东权益扩大超过一倍至240万美元，盈利因而下跌6.1%至630万美元。

启示：公司的总订单额保持在强劲的20亿美元以上，其离岸支援服务业务的利用率为90%。它对油气业的长期前景感乐观，而其深海、海事及离岸支援服务部门将进一步从油气业中受惠。

icy97

Ezra considers U.S. IPO for subsea services unit
Source: Reuters   |   Publish date: Fri, 17 Jan 11:04  
http://www.theedgesingapore.com/the-daily-edge/business/46958-ezra-considers-us-ipo-for-subsea-services-unit.html

Oilfield services firm Ezra Holdings said on Friday it has appointed JP Morgan Chase & Co to advise on strategic options for its subsea services division, including a possible listing of the business in the United States.

The subsea division contributed 62% of Ezra’s revenue in financial year 2013, which ended August 31. The unit reported a 44% year-one-year rise in revenue in 2013, but made a US$23 million ($29 million) operating loss as it struggled with higher-than-expected costs and delay in certain projects, Ezra’s financial reports showed.

“The fundamentals of the subsea industry are positive resulting in strong prospects for our subsea business in areas such as North America and Europe,” Lionel Lee, group chief executive officer and the company’s top shareholder, said in a statement.

Shares in Ezra jumped more than 40% over the past six months amid talks of a possible sale or merger of the subsea division. The company announced in early December that it was in discussions about its subsea unit following a query from the Singapore Exchange.

Ezra shares fell nearly 2% at $1.26 by 10:23 a.m.

“There is a lot of scepticism in the market,” said Clement Chen, a Barclays analyst.

“The only reason the share price performed the way it did in the second half of last year was speculation on M&A. Now the company says it is considering listing, some of the M&A premium may be withering down.”

Barclays has an underweight rating on Ezra, with a target price set at $0.90.

Subsea services providers install infrastructure on the bottom of ocean for the increasingly complex offshore oil and gas fields.

icy97

以斯拉控股赢得8,000万美元的深海项目
2014年01月24日
http://www.sharesinv.com/zh/articles/44289/

以斯拉控股(Ezra)赢得了总值8,000万美元的深海项目(包括期权在内)。

预期这些项目将在1H14展开，工作范围包括各种深海服务，譬如在亚洲水域提供浮式生产储油卸油船的任务解除和拖拉服务，以及在美国提供船只检验、维修和保养服务。

公司的深海服务订单超过14亿美元，并正在世界各地投标总值约90亿美元的项目。

启示：公司在1Q14录得不俗的营业额及营运盈利，其收入年比增加22%至3亿3,980万美元。

icy97

文： 2014年03月05日 每日头条
http://www.sharesinv.com/zh/articles/45207/

以斯拉控股(Ezra Holdings)在亚太区及西非赢得总值逾1亿2,500万美元的深海建筑及岸外支援服务合约(包括期权合约)。

icy97

每日头条 | 2014年04月11日
http://www.sharesinv.com/zh/articles/46112/

以斯拉控股(Ezra Holdings)的深海服务部门从美国能源公司Noble Energy赢得合约，为位于墨西哥海湾的Gunflint项目安装岸外输送管及其他设备。公司本年迄今所取得的深海合约总值超过3亿美元，而截至4月11日未完工的合约总值逾14亿美元。


Ezra 2Q profit hits 1-year high as subsea unit gains traction
Source: Reuters   |   Publish date: Fri, 11 Apr 17:20
http://www.theedgesingapore.com/the-daily-edge/business/47943-ezra-2q-profit-hits-1-year-high-as-subsea-unit-gains-traction.html

Singaporean oilfield service company Ezra Holdings reported its highest quarterly profit in a year thanks to improved performance in its mainstay subsea business.

Ezra spent much of last year struggling with project delays and cost overruns in its subsea unit, which operates vessels that lay pipes and install other equipment on the sea bed.

But increased use of its subsea fleet, even after a rise in the number of vessels, helped push up revenue in the second quarter ended Feb. 28 by 22% to US$300.4 million ($375 million).

Net profit for the quarter stood at US$19.6 million, the company said in a statement on Friday. That was 34% less than a previous high of US$29.7 million in the year-earlier period, which benefited from a one-off gain.

“The results are really turning around, because we have now reached the economies of scale,”  Managing Director Lionel Lee said at an earnings briefing.

In the fiscal first half, the subsea services division made up 65% of revenue, up from 57% a year earlier, and contributed the majority of the increased revenue, the company said.

Earnings will get a boost over the remainder of the year, Lee said, thanks to the recent addition of four pipelay and construction support vessels, as well as the upcoming delivery of Lewek Constellation - a state-of-the-art vessel capable of laying pipes in water deeper than 3,000 metres.

The company won a contract from Noble Energy involving Lewek Constellation, Ezra said on Friday without disclosing the size of the contract.

Ezra is currently bidding for contracts worth US$9 billion, and expects to win 30% of them, Lee said.

“There continues to be a strong amount of investment in putting infrastructure in place to produce oil and gas,” said Lee.

Ezra focuses on field development, so any slowdown in spending on drilling by global oil majors will have minimal impact on earnings, Lee said.

Shares of Ezra were 0.5% lower at $1.07 after the earnings release compared with a 0.1% decline in the benchmark index . The stock is the worst performer among the top 10 Singapore-listed oilfield service companies this year, having fallen more than 21%

icy97

以斯拉控股可能随时出现转机
Tradeable | 2014年04月17日
http://www.sharesinv.com/zh/articles/46268/

文 : 梁兆诚 （译：麦美莹）

1.以斯拉控股宣布令人失望的1H14业绩，未能达到市场的预期。
2.可是，深海服务及海事服务部门继续取得不错的增长及为盈利带来更多的贡献。
3.深海及岸外领域的需求依然稳健，并最终可能会为以斯拉控股的股价带来支持。



以斯拉控股(Ezra Holdings)在上周五公布了令人失望的1H14业绩，因为其盈利未能符合市场共识。1H14盈利从1H13的4,090万美元下跌了25%至3,090万美元。 这主要是因为1H13出现一次性约3,380万美元的收益。

尽管盈利下跌，1H14收入增长22%，由于深海服务部门及海事服务部门的收入增加。公司从销售一艘船只取得一次过1,660万美元收益。

如果把一次过收益不计算在销售中，公司的盈利经调整后上升了101%。

这说明了公司的业务不断改善，因为从业务而来的盈利从710万美元增加至1,430万美元。

从深海业务而来的盈利大幅增加，因为其在1H14的利用率提高。可是，岸外支援服务的表现却意外地令人失望。

这是因为一项没有在计划中的维修项目令部门的开支增加，总共有9艘船只因为这次的维修需要入坞，令部门的利用率从1H13的90%下降至85%。

在排除不预见的情况下，我们预期公司的2H14表现将会改善，因为海底及岸外支援服务领域的前景依然稳健。公司的订单依然强劲，超过了20亿美元，而其中超过8亿美元是自FY14之后取得。

星展唯高达的分析师给予公司11.42%的潜在上涨空间。还有就是，深海部门可能会带来潜在收益，因为公司早前宣布可能会将这个部门独立上市。