RHB Research Recommended:Buy Target Price: MYR 2.20 Perdana Petroleum’s (Perdana) posted 1HFY14 revenue of MYR175.8m (+36.9% y-o-y), supported by higher utilisation rates and an expansion in Perdana’s fleet to 17 working vessels in 2Q14, vs 14 in 2Q13. ^^^^^^On a quarterly basis, core earnings came in at MYR22.6m, up 102.2% y-o-y and 11.1% q-o-q. 1HFY14 net core earnings of MYR42.9m came in at 47.1%/44.3% of our/consensus estimates.^^^^^^
HLIB Research Recommended: Buy Target Price: MYR 2.18 YoY, PBT margin improved ^^^^^from 21% to 27%^^^^^ Expect stronger 2H due to full contribution from Perdana Protector and Perdana Resolute.
Maybank IB Research Recommended: Buy Target Price: MYR 2.55 The QoQ growth was driven by: (i) higher vessel utilisation (+4-ppt to 93%) (ii) full 3-months/maiden contributions from two new 300pax accommodation work barges (iii) lower admin costs. ^^^^^Expect to deliver a 41% 2-year net profit CAGR (2013-15). Top Pick for the OSV sector. It has a very visible earnings growth profile, improving balance sheet and GO angle to boot. ^^^^^
Kenanga Research Recommended: Buy Target Price: MYR 2.47 Expect stronger 2H14 results on the back of full-quarter contribution of vessels chartered to Dayang Enterprise. Medium-to-longer-term prospects are stable on the back of PERDANA’s $$$$$$ long-term contracts (15 OSVs).$$$$$$
Public Investment Bank Recommended: Buy Target Price: MYR 2.32 Expect Perdana's performance is reaffirmed by its earnings visibility from its c.RM1.3bn order book of longer-term contracts up to 2019. The counter is only trading at a current PE of 14.6x, vs. its peers who are in the high-double digits multiple.
This news that dayang want to buy Perdana quite talked long time ago, but it until now never execute to buy it. If the rumors become true, Perdana price will shoot up immediately.. above RM2.2 should no problem..
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 528 views | 3 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 12770 views | 11 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
4u2c
3,553 posts
Posted by 4u2c > 2014-07-23 15:14 | Report Abuse
wait for latest report and see...