Clean, restructure, merge? Perdana's proposal to sell its entire stake in Petra Energy (PE) is widely expected but it would require a reasonable price for it to exit. The deal would be instrumental to cleaning up its financials and operations, which would subsequently attract potential suitors for a leaner, more focused Perdana. Until then, Perdana remains a Hold, with a MYR0.83 target price (0.8x PBV).
Click here for full reportSource: Maybank Research - 27 April 2012