Bursa Malaysia Stock Watch
OSK Research maintains Buy on Petra Perdana
kltrader
Publish date: Wed, 30 Jun 2010, 12:53 PM
kltrader
0 20,414
This blog provides consolidated Bursa Malaysia stock market research, analysis, news and blogs from various sources. You can search and find all the past analysis and coverage on stocks and news by searching within this site. While this blog re-publishes contents from other sites, it does not own the rights nor responsible for the accuracy of the contents. If you disagree to your content from being published here, please add a comment, and your article will be removed from this site.
KUALA LUMPUR: OSK Research is maintaining its Buy on Petra Perdana with a target price of RM1.77 based on the existing PER of 9x FY11 earnings.
?Currently, we understand that there are still a tussle between the 2 groups of Petra shareholders and hope of this being resolved soon. Otherwise, Petra faces the risk of losing out on new vessel contract awards to its listed peers like Alam Maritim and Tanjung Offshore,? it said on Wednesday, June 30.
OSK Research said however, going forward, should the internal strife be resolved, it believed Petra could possibly be the biggest beneficiary of new vessel contract awards.
The factors are because: 1) it has spare capacity, with an average utilization of below 50% now, and 2) deepwater projects like Gemusut should start first oil production in 2011 and Petra?s 10,000 to 12,000 brake horsepower vessels should come in handy here."
?Currently, we understand that there are still a tussle between the 2 groups of Petra shareholders and hope of this being resolved soon. Otherwise, Petra faces the risk of losing out on new vessel contract awards to its listed peers like Alam Maritim and Tanjung Offshore,? it said on Wednesday, June 30.
OSK Research said however, going forward, should the internal strife be resolved, it believed Petra could possibly be the biggest beneficiary of new vessel contract awards.
The factors are because: 1) it has spare capacity, with an average utilization of below 50% now, and 2) deepwater projects like Gemusut should start first oil production in 2011 and Petra?s 10,000 to 12,000 brake horsepower vessels should come in handy here."
More articles on Bursa Malaysia Stock Watch
Tambun Indah - The 2nd Penang Bridge To Narrow Property Price Gap
Created by kltrader | Oct 11, 2012
Plantation ' Share Prices Not Reflecting CPO Price Movement ' Is A Correction Coming? (Neutral)
Created by kltrader | Oct 11, 2012
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
2
Good Articles to Share
3
4
THE INVESTMENT APPROACH OF CALVIN TAN
5
BFM Podcast
7
TA Sector Research
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
MQ Trading Signals
Stock
Time
Signal
Duration
Stock
Time
Signal
Duration
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
