Affin Hwang Capital Research Highlights
HwangDBS Research Highlights - 25 Mar 2014
SapuraKencana Petroleum; Buy; RM4.30
Price Target: RM5.90; SAKP MK
Weak quarter but sound prospects
4QFYJan14 results missed expectations on weak earnings from offshore construction following completion of Pan Malaysia contracts. Strong earnings visibility underpinned by huge order book of RM25.4bn. Maintain BUY with RM5.90 TP.
Source: HwangDBS Research - 25 Mar 2014
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