Perisai Petroleum - A well-oiled machine takes to the road

Stock Name: PERISAI
Company Name: PERISAI PETROLEUM TEKNOLOGI

Research House: CIMB

Price Call: BUY

Target Price: 1.50

Target RM1.50

Asset acquisitions, contract renewals and funding were among the issues raised by clients during our recent roadshow with Perisai's MD. There is definitely upside to our forecasts if the company expands its fleet further via an acquisition. Watch this space for M&A news.

Source: CIMB Day Break 07 March 2012, Full PDF Report