Ezion

Ezion: CLSA reiterates Ezion as its top pick. Believes the weakness is a buying opportunity, as the recent sell off due to concerns about rising interest rates is not justified. Believes Ezion can absorb another 500-600 bps rate rise from current levels to derail its growth prospects. Meanwhile, Ezion’s latest contract wins illustrate that the demand environment remains very strong and the house expects order momentum to remain strong over the next 12 mths. Maintains Buy with TP $3.16.