Stock Name: SAPCRES
Company Name: SAPURACREST PETROLEUM BHD
We are positive on this symbiotic relationship; maintain Buy. Seadrill is a seasoned partner of SapCrest. It has a 24% stake in the latter and co-owns several drilling rig operations in Malaysia. Both will provide an equal contribution in this rewarding venture. Seadrill offers the business knowledge of the Brazilian offshore market, while SapCrest will provide the technical expertise in the installation, pipe-laying and facilities (IPF) field. Maintain Buy and RM5.62 TP.
Maybank Research 20 Feb 2012
Click here for full report
Company Name: SAPURACREST PETROLEUM BHD
| Research House: MAYBANK | Price Call: BUY | Target Price: 5.62 |
We are positive on this symbiotic relationship; maintain Buy. Seadrill is a seasoned partner of SapCrest. It has a 24% stake in the latter and co-owns several drilling rig operations in Malaysia. Both will provide an equal contribution in this rewarding venture. Seadrill offers the business knowledge of the Brazilian offshore market, while SapCrest will provide the technical expertise in the installation, pipe-laying and facilities (IPF) field. Maintain Buy and RM5.62 TP.
Maybank Research 20 Feb 2012
Click here for full report
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