February 23, 2012

PERISAI - Stellar end to the year

Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI
Research House: HWANGDBSPrice Call: BUYTarget Price: 0.85



Perisai Petroleum; Buy; RM0.92
Price Target: RM0.85; PPT MK

FY11 earnings within expectations. Lifted by higher margins from vessel chartering. Our Buy call and
RM0.85 TP under review.

Source: HwangDBS Research 23 Feb 2012

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