February 24, 2012

Perisai Petroleum - Barrels of interest at our luncheon

Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: CIMBPrice Call: BUYTarget Price: 1.45



Target RM1.45

A potential asset acquisition in 2H12 and a likely Labuan tax structure for Intan by 3Q12 were the positive surprises during our luncheon with Perisai's management yesterday. There is definitely upside to our forecasts if the plan materialises.


Source: CIMB Research 24 February 2012

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