Here's why Ezion is attractive to investors

It's beyond the 4 marine logistics contracts for Australia.

According to Nomura, it brought Mr Chew Thiam Keng, Ezion’s CEO on a 3-day non-deal roadshow to Melbourne and Sydney where they met 15 institutional investors, a few of whom are shareholders.

Here's more from Nomura:

Feedback was positive and the Ezion name is not totally unfamiliar in Australia. There were detailed discussions on the company’s and management’s background, the liftboat industry, Ezion’s competitive advantages in liftboat/service rigs and economics of that business.

Investors were also impressed with Ezion’s ability to clinch four marine logistics contracts for Australia LNG development projects, which Ezion attributed to management’s expertise and track record for the Gorgon LNG project. Perhaps the only concern is that the share price has already performed very well.

Ezion is now the owner of the largest and most sophisticated classes of liftboats in the world. Being the first to introduce liftboats to ASEAN, it is in Blue Ocean.

Ezion’s competitive advantage lies in being able to design/build its liftboats at competitive prices, where it made over 30 adaptations to allow liftboats to be deployed in ASEAN waters.

Ezion’s first-mover advantage, resourcefulness in securing financing, growing stickiness with clients, move to an owner-to-operator model and growing critical mass can reinforce its competitive edge.