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.
Click here for full reportSource: Maybank Research - 17 May 2012