February 19, 2013
Stretching on nitrile
Stock Name: SUPERMX
Company Name: SUPERMAX CORPORATION BHD
Company Name: SUPERMAX CORPORATION BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.25 |
Much anticipated C-7 job finally announced
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Company Name: BUMI ARMADA BERHAD
| Research House: MIDF | Price Call: HOLD | Target Price: 3.56 |
Steel - Import duties will be implemented
Stock Name: ANNJOO
Company Name: ANN JOO RESOURCES BHD
Company Name: ANN JOO RESOURCES BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 1.31 |
4Q blip does not change our conviction
Stock Name: MUDAJYA
Company Name: MUDAJAYA GROUP BHD
Company Name: MUDAJAYA GROUP BHD
| Research House: CIMB | Price Call: BUY | Target Price: 2.93 |
Acquisition of New Vessel
Stock Name: MAYBULK
Company Name: MALAYSIAN BULK CARRIERS BHD
Company Name: MALAYSIAN BULK CARRIERS BHD
| Research House: TA | Price Call: SELL | Target Price: 1.24 |
February 18, 2013
End of a dry spell
Stock Name: WASEONG
Company Name: WAH SEONG CORPORATION BHD
Company Name: WAH SEONG CORPORATION BHD
| Research House: MIDF | Price Call: BUY | Target Price: 2.13 |
February 13, 2013
Kenanga raises target price for SapuraKencana
Stock Name: SKPETRO
Company Name: SAPURAKENCANA PETROLEUM BHD
Kenanga Research raised the target price for SapuraKencana Petroleum Bhd to RM3.82 from RM3.42 after a financing structure was announced for the company's US$2.9 billion purchase of tender-rigs from Seadrill Ltd.
"We are tactically raising our target price to accommodate the potential earnings accretion from the new rigs," said Kenanga in a report on Wednesday. Kenanga maintained its 'outperform' call on the stock.
SapuraKencana, Malaysia's largest oilfield service provider, will see its debt increase to RM5.7 billion from the acquisition, said Kenanga. The brokerage maintained its earnings forecast for the company, in spite of the higher borrowing costs.
Shares of SapuraKencana rose 1.4 per cent to RM2.89 as of 9.44am, while the benchmark index was up 0.54 per cent.--Reuters
Company Name: SAPURAKENCANA PETROLEUM BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 3.82 |
Kenanga Research raised the target price for SapuraKencana Petroleum Bhd to RM3.82 from RM3.42 after a financing structure was announced for the company's US$2.9 billion purchase of tender-rigs from Seadrill Ltd.
"We are tactically raising our target price to accommodate the potential earnings accretion from the new rigs," said Kenanga in a report on Wednesday. Kenanga maintained its 'outperform' call on the stock.
SapuraKencana, Malaysia's largest oilfield service provider, will see its debt increase to RM5.7 billion from the acquisition, said Kenanga. The brokerage maintained its earnings forecast for the company, in spite of the higher borrowing costs.
Shares of SapuraKencana rose 1.4 per cent to RM2.89 as of 9.44am, while the benchmark index was up 0.54 per cent.--Reuters
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