Bursa Malaysia Stock Watch

Perdana Petroleum: Maintain Hold - A Return To The Black

kltrader
Publish date: Wed, 29 Aug 2012, 09:37 AM
kltrader
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  • Positive results; maintain HOLD. Perdana's 2Q12 net profit of
  • MYR5m was a small positive.
  • However as 48% of earnings are dependent on recently sold associate Petra Energy (PE), we are concerned about earnings sustainability. Prospects are limited but its trough valuations and a potential corporate exercise warrant a HOLD.
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Source: Maybank Research - 29 August 2012
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