Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: CIMB
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: CIMB
Perisai Petroleum Teknologi Bhd, a Malaysian oil and gas services provider, rose to a two-week high after CIMB Investment Bank Bhd rated the stock new “outperform,” reflecting its earnings prospects.
The stock climbed 5.2 per cent to 61 sen at 9:18 a.m. in Kuala Lumpur trading, set for its highest close since Feb. 21.
CIMB’s share estimate for the stock is 80 sen, according to a report today. -- Bloomberg
The stock climbed 5.2 per cent to 61 sen at 9:18 a.m. in Kuala Lumpur trading, set for its highest close since Feb. 21.
CIMB’s share estimate for the stock is 80 sen, according to a report today. -- Bloomberg
The major shareholder Ezra Holdings' first entry cost for its 20% stake was 49 sen one year ago. It also granted an option to Perisai's new MD to buy over half of the stake within 2 years at its entry price. Recently it injected a profitable business concern into Perisai in exchange for additional new Perisai's shares pegged at 64 sen. So, if the upside potential is 80 sen only, then it will be a so-so investment for Ezra. :-)
ReplyDeleteWah! If the MD does not work harder so as to double or triple the share price within the next few months amid the global uncertainties, he is basically forgoing a golden opportunity for himself as well as investors like all of us. hahaha..... we all must act now before too late....
ReplyDeleteValue Seeker
Hahaha! Logical analysis.
ReplyDeleteBoth Ezra and the MD will likely to strive hard to value add the company in order to enhance their investment of time and money in this company.
It is therefore probable for this counter to hit even, say, RM1.50 when it secures the right deals or projects in the near future. Such quantum of appreciation is not uncommon for O & G related counters.
Let's see.
Long Term Investor.