Bursa Malaysia Stock Watch
SapuraCrest Petroleum: Maintain Buy - Partners Seadrill for pipe-lay vessels
kltrader
Publish date: Mon, 20 Feb 2012, 10:48 AM
kltrader
0 20,407
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We are positive on this symbiotic relationship; maintain Buy. Seadrill is a seasoned partner of SapCrest. It has a 24% stake in the latter and co-owns several drilling rig operations in Malaysia. Both will provide an equal contribution in this rewarding venture. Seadrill offers the business knowledge of the Brazilian offshore market, while SapCrest will provide the technical expertise in the installation, pipe-laying and facilities (IPF) field. Maintain Buy and RM5.62 TP.
Maybank Research 20 Feb 2012
Click here for full report
Maybank Research 20 Feb 2012
Click here for full report
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