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Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30

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Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30 Empty Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30

Post by hlk Mon 20 May 2013, 09:29

KUALA LUMPUR: Maybank KE Research is maintaining its Buy call on Alam Maritim and raised the target price by 16% to RM1.30.
It said on Monday it had upgraded its earnings forecast by between 9% and 11% for FY14-FY15 on higher contract wins assumptions.
“We
now expect Alam to win up to RM600mil of inspection repair maintenance
(IRM) and transportation & installation (T&I) jobs in 2013
versus RM300mil previously as oil and gas capex spend is expected to
accelerate going into the second half.
“Alam has won RM206.9min
year-to-date. We expect Alam's job win announcements to lift its share
price further (up 76.5% year-to-date). Our target price remains pegged
to 10 times FY14 earnings per share,” said Maybank KE Research.
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Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30 Empty Re: Maybank KE Research maintains Buy on Alam Maritim, ups TP to RM1.30

Post by Cals Tue 21 May 2013, 22:04

ALAM 5115

looks like TP reached

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