PERISAI - New jack-up rig to fuel growth

Date: 
2012-05-09
Firm: 
HWANGDBS
Stock: 
Price Target: 
1.20
Price Call: 
BUY
Last Price: 
0.005
Upside/Downside: 
+1.195 (23900.00%)

Perisai Petroleum; Buy; RM0.89
Price Target: RM1.20; PPT MK

Ordered US$208m jack-up drilling rig for future growth. Confident of securing contract in Malaysia; strong earnings boost upon delivery in 2H14. Maintain Buy rating and RM1.20 TP.

Source: HwangDBS Research - 9 May 2012

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Wak Jono

ok lo wa caya sama lu hwdbs

2012-05-09 17:27

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