Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 18 Sep 2013
Perisai Petroleum; Buy; RM1.34
Price Target: RM1.55 (Prev RM1.80); PPT MK
MOPU contract expiring
MOPU charter expiring end-Sep. Cut FY13-15F earnings to account for non-renewal of MOPU charter. Maintain BUY, TP lowered to RM1.55. FPSO and jack-up rig to anchor FY14 earnings growth.
Source: HwangDBS Research - 18 Sep 2013
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