Bursa Malaysia Stock Watch

SapuraKencana Petroleum: Buy - New Outfit, Bright Prospect

kltrader
Publish date: Thu, 17 May 2012, 09:27 AM
kltrader
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Initiate coverage with a Buy and MYR2.68 target price. SapuraKencana is an emerging powerhouse with a regional reach, global aspiration and capabilities, and headed by a dedicated, experienced and professional management team. It is a steady growth stock, asset rich and balance sheet light, and well equipped to capitalize on opportunities, locally and globally. Our target price pegs SapuraKencana at 20x FY1/14 EPS, with upside bias.

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Source: Maybank Research - 17 May 2012
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