Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 23 Jan 2014
Malaysia O&G
Relentless growth
PETRONAS’ record high capex to underpin strong sector growth. Robust outlook and sustainable long-term growth prospects upport further upside.
Top picks: SAKP, BAB, PPT and DEHB for clear earnings visibility, healthy financials and good track record
SapuraKencana Petroleum; Buy; RM4.60
Price target: RM5.90; SAKP:MK
Best PETRONAS proxy
Strong earnings visibility with c.RM25bn order book. Unrivalled dominance in Malaysia O&G offshore services to ensure more orders ahead. Maintain BUY rating and RM5.90 TP.
Bumi Armada; Buy; RM4.00
Price target: RM4.50; BAB:MK
Global expansion drive
Formidable FPSO player with good track record. Clear earnings visibility with c.RM12bn order book. Maintain BUY rating and RM4.50 TP.
Perisai Petroleum; Buy; RM1.64
Price target: RM2.00 (Prev RM1.55) ; PPT:MK
The best is yet to come
Huge potential from foreign substitution in Malaysian offshore drilling market. Production and drilling business to drive 44% earnings CAGR over FY13-15F. Maintain BUY rating, raised TP to RM2.00.
Dayang Enterprise Holdings; Buy; RM5.69
Price target: RM6.70 (Prev RM5.90) ; DEHB:MK
Firing on all cylinders
Busy years ahead with RM5bn order book providing strong earnings visibility. Synergistic win-win partnership with associate. Maintain BUY rating, raised TP to RM6.70.
Source: HwangDBS Research - 23 Jan 2014
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
2024-11-27
SAPNRG2024-11-26
ARMADA2024-11-26
ARMADA2024-11-26
ARMADA2024-11-26
ARMADA2024-11-26
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA
2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
ARMADA2024-11-25
DAYANG2024-11-22
ARMADA2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-22
DAYANG2024-11-21
DAYANG2024-11-21
SAPNRG2024-11-21
SAPNRG2024-11-21
SAPNRG2024-11-19
SAPNRG2024-11-18
ARMADA2024-11-18
ARMADA2024-11-18
DAYANG2024-11-18
DAYANG2024-11-18
DAYANG2024-11-16
ARMADAMore articles on Affin Hwang Capital Research Highlights
KIP REIT - Embarking on Acquisition and Asset Rejuvenation Journey
Created by kltrader | Jan 03, 2023
Jaycorp (HOLD, Maintain) - Dampened by Lower Core Businesses Performance
Created by kltrader | Sep 30, 2022
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Introducing MY's First IPO Fund for Sophisticated Investors!
New Update. Discover investment communities that resonate with your ideas
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
Apps
Top Articles
1
THE INVESTMENT APPROACH OF CALVIN TAN
2
Koon Yew Yin's Blog
3
save malaysia!
5
6
7
8
Mercury Securities Research
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
