February 28, 2012

TGOFFS

Stock Name: TGOFFS
Company Name: TANJUNG OFFSHORE BHD
Research House: HWANGDBSPrice Call: SELLTarget Price: 0.70



Tanjung Offshore; Fully Valued; RM0.93
Price Target: RM0.70; TOFF MK
4Q11 result far below expectations. Hit by cessation cost in the UK and cost overruns in engineering segment. Maintain Fully Valued call and RM0.70 TP.

Source: HwangDBS Research 28 Feb 2012

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