Bursa Malaysia Stock Watch

Perisai Petroleum: Maintain Buy - Crafting the next move

kltrader
Publish date: Thu, 03 May 2012, 09:57 AM
kltrader
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An FPSO venture in the pipeline? We think Perisai will move into the FPSO charter market for its next Malaysia project. This will be a major positive and would be a catalyst to growth and re-rating. Its major shareholder, Ezra will likely play a role in this development. Our preliminary estimate suggests that this could lift EPS by 18% p.a. while still keeping Perisai's net gearing at manageable level. Maintain Buy.

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Source: Maybank Research - 3 May 2012
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