SapuraKencana Petroleum; Buy; RM4.38
Price Target: RM5.90 (Prev RM4.85); SAKP MK
Moving up the value chain
3QFYJan14 results met expectations. Shareholders approved acquisition of Newfield Malaysia; raised FY15- 16F profit by 22%/20%. Maintain BUY with revised RM5.90 TP.
TSH Resources; Buy; RM2.94
Price Target: RM3.60 (Prev RM3.20); TSH MK
Relentless expansion
Proposes to acquire 60% stake in SKE which owns 27k ha of plantation land in Sabah. Immediate expansion of Sabah land bank to 31k ha from 4k ha; 90k ha of unplanted land bank to drive future growth. Maintain BUY with revised RM3.60 TP
Source: HwangDBS Research - 9 Dec 2013
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Created by kltrader | Jan 03, 2023
Created by kltrader | Sep 30, 2022