Affin Hwang Capital Research Highlights
SapuraKencana - Global champion in the making
SapuraKencana; Buy;
Price Target: RM4.20; SAKP MK
Completion of acquisition of Seadrill’s tender rigs by May13 set to double profit base. Promising long-term prospects in Brazil and Malaysia to underpin strong earnings visibility. Maintain BUY, TP raised to RM4.20.
Source: HwangDBS Research - 25 Mar 2013
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