RHB Research maintains Buy on SapuraKencana Petroleum, fair value RM4.96
Page 1 of 1
RHB Research maintains Buy on SapuraKencana Petroleum, fair value RM4.96
RHB Research maintains Buy on SapuraKencana Petroleum, fair value RM4.96
Business & Markets 2013
Written by theedgemalaysia.com
Wednesday, 10 July 2013 08:45
KUALA LUMPUR (July 10): RHB Research has maintained its Buy rating on SapuraKENCANA PETROLEUM BHD [] at RM4.02 with a fair value of RM4.96 after the company announced that it had secured a letter of award from Trans Thai-Malaysia to provide engineering, procurement, CONSTRUCTION [], installation and commissioning (EPCIC) services to the latter’s JDA Gas Balancing Evacuation Project.
In a note Wednesday, the research house said it was positive on the USD180.7 million contract but made no changes to our earnings estimates.
“Maintain Buy, with our fair value unchanged at RM4.96, pegged to 22x FY15 EPS,” it said.
Cals- Administrator
- Posts : 25277 Credits : 57721 Reputation : 1766
Join date : 2011-09-08
Location : global
Comments : “My plan of trading was sound enough and won oftener that it lost. If I had stuck to it Iâ€d have been right perhaps as often as seven out of ten times.â€
Stock Exposure : Technical Analysis / Fundamental Analysis / Mental Analysis
Similar topics
» RHB Research maintains Buy on Perisai Petroleum, cuts fair value
» RHB Research maintains Buy on Scientex, ups fair value to RM8.64
» RHB Research maintains Buy on Gamuda, fair value RM4.49
» RHB Research maintains Buy on DRB-Hicom, ups fair value to RM3.40
» RHB Research maintains Buy on Tropicana, ups fair value to RM2.27
» RHB Research maintains Buy on Scientex, ups fair value to RM8.64
» RHB Research maintains Buy on Gamuda, fair value RM4.49
» RHB Research maintains Buy on DRB-Hicom, ups fair value to RM3.40
» RHB Research maintains Buy on Tropicana, ups fair value to RM2.27
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum