Bursa Malaysia Stock Watch
Tanjung Offshore may buy deepwater assets
kltrader
Publish date: Tue, 06 Jul 2010, 03:26 PM
kltrader
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Tanjung Offshore Bhd, a Malaysian oil and gas services provider, may acquire deepwater assets as Ekuiti Nasional Bhd's entry as a strategic investor would place the company in stronger footing to expand its marine operations, HwangDBS Vickers Research Sdn Bhd said in a report today.
HwangDBS' stock forecast for Tanjung was cut to RM1.40 from RM1.45 after adjusting for its larger share base post- placement, the report said. -- Bloomberg
HwangDBS' stock forecast for Tanjung was cut to RM1.40 from RM1.45 after adjusting for its larger share base post- placement, the report said. -- Bloomberg
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