January 12, 2011

SAPCRES - SapuraCrest leaps to a record

Stock Name: SAPCRES
Company Name: SAPURACREST PETROLEUM BHD
Research House: MAYBANK

SapuraCrest Petroleum Bhd. jumped to a record in Kuala Lumpur trading after Maybank Investment Bank Bhd said the Malaysian oil and services provider will gain from higher spending by oil companies.

The stock surged 8.7 per cent to RM3.75 at 12:05 p.m. local time, set to close at a record high.

The stock’s potential upside target areas is between RM3.85 and RM4.05, Maybank said in its technical chart report today. - Bloomberg

No comments:

Post a Comment