Bursa Malaysia Stock Watch
SAPCRES - AmResearch maintains SapuraCrest FV at RM3.12
kltrader
Publish date: Tue, 14 Dec 2010, 10:43 AM
kltrader
0 20,411
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.
Stock Name: SAPCRES
Company Name: SAPURACREST PETROLEUM BHD
Research House: AMMB
KUJALA LUMPUR: AmResearch is maintaining its Buy call on SAPURACREST PETROLEUM BHD [] with an unchanged fair value of RM3.12 a share based on a CY11F PE of 16.0 times.
The research house said on Monday, Dec 13 SapuraCrest's 9MFY11 net profit of RM159 million was within expectation, accounting for 76% of its FY11F earnings of RM210 million and 74% street estimate of RM216 million.
'But pending our upcoming meeting with management, we are likely to upgrade SapCrest's fair value given its improved earnings record, massive gross order book of RM10 billion and strong new order development against the backdrop of Petronas' prolific capital expenditure programme in enhance oil recovery, deep water and marginal field clusters,' it said.
Company Name: SAPURACREST PETROLEUM BHD
Research House: AMMB
KUJALA LUMPUR: AmResearch is maintaining its Buy call on SAPURACREST PETROLEUM BHD [] with an unchanged fair value of RM3.12 a share based on a CY11F PE of 16.0 times.
The research house said on Monday, Dec 13 SapuraCrest's 9MFY11 net profit of RM159 million was within expectation, accounting for 76% of its FY11F earnings of RM210 million and 74% street estimate of RM216 million.
'But pending our upcoming meeting with management, we are likely to upgrade SapCrest's fair value given its improved earnings record, massive gross order book of RM10 billion and strong new order development against the backdrop of Petronas' prolific capital expenditure programme in enhance oil recovery, deep water and marginal field clusters,' it said.
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
Latest Videos
Apps
Top Articles
1
2
4
TA Sector Research
5
Good Articles to Share
7
Mercury Securities Research
8
THE INVESTMENT APPROACH OF CALVIN TAN
#
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....
