SapuraKencana advances on 'buy' rating

Publish date: Thu, 19 Jul 2012, 02:02 PM
SapuraKencana Petroleum Bhd, an oil and gas services provider, advanced 4.7 per cent to RM2.45, poised for a record close.

The stock was newly rated buy at Bank of America Merrill Lynch with a price estimate of RM3.06, Wee Lee Chong, an analyst, wrote in a report dated July 18. - Bloomberg

Labels: SAPNRG

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gajah

This analyst is good. He knows it's a gem when he sees one. But, I must say, he makes a buy call after two days of rises. We can figure this ourselves; it's just that people won't take notice!

2012-07-19 16:15

willy

Petroleum related stock will rise when oil price rise

(Reuters) - Crude futures held steady in early Asian trade on Thursday after hitting a seven-week peak as violence in Syria revived geopolitical fears and as the U.S. Federal Reserve downplayed risks of a double-dip recession.

U.S. crude rose 6 cents to $89.93 a barrel by 0011 GMT, after touching $90.08 earlier -- the highest since May 30. The August contract, which expires on Friday, settled up 65 cents at $89.87 in the previous session.

Brent crude gained 26 cents to $105.42 a barrel, close to a seven-week top hit on Wednesday

2012-07-19 16:27

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