Bursa Malaysia Stock Watch
SapuraCrest Petroleum (Buy): Orders 2 pipelay vessels
kltrader
Publish date: Fri, 13 Jan 2012, 01:27 PM
kltrader
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Maintain Buy with a RM5.60 TP. SapCrest's rapid expansion of its marine fleet to capitalise on the boom in the installation of pipelines and facilities (IPF) markets is positive, in keeping with its aspiration to be a regional player. This strategy will be rewarding, if executed well. However, contributions will only be realised from FY15. We remain positive on its strong ability to grow and pursue new jobs for medium term growth, and continue to rate SapCrest a Buy.
Maybank research (13 January 2012)
Click here for full report
Maybank research (13 January 2012)
Click here for full report
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