Ezra +4%; DBS Ups Stake; May Hit S$3.27 - KE

[Dow Jones] Ezra (5DN.SG) +4.0% at more than 4-month high of S$3.09, clearing S$3.00 for first time since mid-January, as interest possibly triggered by recent news of substantial shareholder DBS (D05.SG) raising stake in company. According to SGX filings, DBS now owns deemed stake of 7.01% vs 6.94% previously in offshore support vessel owner. Ezra''s April announcement of S$0.05/share special dividend payout, due June 18, possibly also underpinning stock''s recent resilience. Kim Eng Securities says formation of reverse head-and-shoulders pattern on charts sets stage for stock to head higher, with technical target at S$3.27.