Bursa Malaysia Stock Watch

Perisai Petroleum: Buy - New assets, new prospects

kltrader
Publish date: Wed, 28 Mar 2012, 09:36 AM
kltrader
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Initiate coverage with a Buy and RM1.13 target price. Perisai, with its financial muscle, is strongly tipped to enter the rewarding floating solutions market with Ezra as its strategic partner. This is a major catalyst and would provide greater earnings visibility, making it a growth stock with inexpensive valuations at 1-2x EV/EBITDA and single-digit prospective earnings. Our 11x 2013 PER target is consistent with the average for peers with a market cap of below RM1b.

Maybank Research - 28 March 2012

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1 person likes this. Showing 1 of 1 comments

kong73

a solid company with good growth this year.

2012-04-09 16:37

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