Bursa Malaysia Stock Watch

SapuraKencana Petroleum: Maintain Buy - Seadrill reduces stake

kltrader
Publish date: Thu, 31 May 2012, 09:58 AM
kltrader
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Maintain Buy and TP at MYR2.68. Seadrill's move to reduce its stake (-6%) in SapuraKencana is not unexpected and is consistent with its strategy in monetising gains from its investments. Fundamentally, this does not alter our perspective on SapuraKencana, which stays a Buy.

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Source: Maybank Research - 31 May 2012
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