Stock Name: KENCANA
Company Name: KENCANA PETROLEUM BHD
Maintain Buy with a RM3.66 target price. The RM101m job win from Murphy is a positive start to 2012, and with peer MMHE facing yard bottlenecks, we expect Kencana, with its ample yard space, to be a major beneficiary in the fabrication space this year. We are maintaining our forecasts, having incorporated RM2b in job wins for 2012 from an estd. RM5b jobs that are expected to be rolled out across the sector.
Maybank Research 23 Feb 2012
Click here for full report
Company Name: KENCANA PETROLEUM BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 3.66 |
Maintain Buy with a RM3.66 target price. The RM101m job win from Murphy is a positive start to 2012, and with peer MMHE facing yard bottlenecks, we expect Kencana, with its ample yard space, to be a major beneficiary in the fabrication space this year. We are maintaining our forecasts, having incorporated RM2b in job wins for 2012 from an estd. RM5b jobs that are expected to be rolled out across the sector.
Maybank Research 23 Feb 2012
Click here for full report
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