October 4, 2011

Fair values of SapuraCrest, Kencana cut



SapuraCrest Petroleum Bhd dropped 0.9 percent to RM3.48 set for its lowest close in a week.

Kencana Petroleum Bhd dropped 0.8 percent to RM2.40, its third day of declines.

SapuraCrest's "fair value" was cut to RM3.36 from RM4.56 and Kencana's was reduced to RM2.21 from RM2.99 at RHB Capital Bhd to reflect concerns about the global economy and the outlook for energy demand. -- Bloomberg

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