MIDF Sector Research

Sapura Energy - Secured New Contracts Worth RM760m

sectoranalyst
Publish date: Tue, 08 Jan 2019, 04:15 PM
sectoranalyst
0 5,492
Following Message

INVESTMENT HIGHLIGHTS

  • Sapura Energy secured contracts worth RM760m
  • Contracts won for its drilling and E&C segments
  • Contracts are for both the Angolan and Malaysian waters
  • Earnings estimates for FY19-20F maintained
  • Maintain Trading Buy with an unchanged TP of RM0.60

New contracts secured worth RM760m. Sapura Energy Bhd’s (SEB) announced that it has secured several contracts and contract extensions worth approximately RM760m. The contracts secured are for its drilling as well as; engineering and construction (E&C) segments which brings its total contract wins for the current FY to RM9.3b.

Source: MIDF Research - 8 Jan 2019

SAPNRG (5218)
Related Stocks
More articles on MIDF Sector Research
Swift Haulage Berhad - Margins Under Pressure

Created by sectoranalyst | Nov 15, 2024

MISC Berhad - FPSO Business Merger with Bumi Armada in the Decks

Created by sectoranalyst | Nov 15, 2024

Sunway REIT - Positive Earnings Outlook for Retail Division

Created by sectoranalyst | Nov 15, 2024

MISC Berhad - FPSO Business Merger with Bumi Armada in the Decks

Created by sectoranalyst | Nov 15, 2024

MISC Berhad - Sanguine Upstream to Uplift Performance till End-Year

Created by sectoranalyst | Nov 15, 2024

Swift Haulage Berhad - Results Fell Short

Created by sectoranalyst | Nov 14, 2024

Malaysia Marine & Heavy Engineering Holdings Berhad - Higher Upstream Activities Boosted 3Q24 Earnings

Created by sectoranalyst | Nov 14, 2024

Hartalega Holdings Berhad - Saved by Recognition of Deferred Tax Asset

Created by sectoranalyst | Nov 13, 2024

Maxis Berhad - Double-Digit Improvement in Earnings

Created by sectoranalyst | Nov 11, 2024

Westports Holdings Berhad - Transshipment Traffic Remains Sluggish

Created by sectoranalyst | Nov 11, 2024

Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment