Bursa Malaysia Stock Watch
ALAM - Maybank IB positive on Alam Maritim's partnership with Yayasan Sabah
kltrader
Publish date: Mon, 25 Oct 2010, 11:34 AM
kltrader
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Stock Name: ALAM
Company Name: ALAM MARITIM RESOURCES BHD
Research House: MAYBANK
MAYBANK Investment Bank Bhd Research (Maybank IB) maintained its hold call on ALAM MARITIM RESOURCES BHD [] at RM1.07 and target price RM1.15 and said it was positive on the company's partnership with Yayasan Sabah Group.
It said the partnership creates a Sabah-based O&G company and sends out a strong signal of intent to capitalise on O&G opportunities in the state.
"The SOGT [Sabah Oil and Gas Terminal] and pipe-laying projects would be among the jobs that it could target.
"Maintain Hold with a RM1.15 target price, based on 10 times 2011 EPS," it said in a note on Monday, Oct 25.
Company Name: ALAM MARITIM RESOURCES BHD
Research House: MAYBANK
MAYBANK Investment Bank Bhd Research (Maybank IB) maintained its hold call on ALAM MARITIM RESOURCES BHD [] at RM1.07 and target price RM1.15 and said it was positive on the company's partnership with Yayasan Sabah Group.
It said the partnership creates a Sabah-based O&G company and sends out a strong signal of intent to capitalise on O&G opportunities in the state.
"The SOGT [Sabah Oil and Gas Terminal] and pipe-laying projects would be among the jobs that it could target.
"Maintain Hold with a RM1.15 target price, based on 10 times 2011 EPS," it said in a note on Monday, Oct 25.
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