1) Chartering of Sime Daya value about RM600 million sb this month. Besides TP of 0.45 cts by HDBS, PublicInvest have on 21 May 2015 given a target price of 0.40 cts after the above contract is materialize.
PublicInvest 'Reiterate Outperform call. We are maintaining our target price of RM0.28 for now. Further re-rating is possible pending clarity in the securing of new O&G contracts, especially the long-term charter which would increase our prospective fair value to about RM0.40 upon the rollover of valuations to FY14. We do believe Daya has room to grow considering better the O&G sector growth outlook. Our current valuation of Daya is based on a 12x multiple to FY13 EPS of 2.34 sen.
2) 2nd Quarter result end of this month.
3) Listing of SPAC Reach Energy hopefully by year end.
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rikki
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Posted by rikki > 2013-08-10 16:22 | Report Abuse
Awaiting for 3 good news.
1) Chartering of Sime Daya value about RM600 million sb this month.
Besides TP of 0.45 cts by HDBS, PublicInvest have on 21 May 2015 given a target price of 0.40 cts after the above contract is materialize.
PublicInvest 'Reiterate Outperform call. We are maintaining our target price of RM0.28 for now. Further re-rating is possible pending clarity in the securing of new O&G contracts, especially the long-term charter which would increase our prospective fair value to about RM0.40 upon the rollover of valuations to FY14. We do believe Daya has room to grow considering better the O&G sector growth outlook. Our current valuation of Daya is based on a 12x multiple to FY13 EPS of 2.34 sen.
2) 2nd Quarter result end of this month.
3) Listing of SPAC Reach Energy hopefully by year end.