Monday 20 February 2012

Accumulate Perisai 'aggressively': CIMB

Perisai Petroleum Teknologi Bhd, an oil and gas services provider, gained 1.5 percent to RM1 in Kuala Lumpur trading at 9.45am, set for a record close.

Investors should accumulate the stock “aggressively” before its fourth-quarter earnings on Feb. 22, Norziana Mohd Inon, an analyst at CIMB Group Holdings Bhd, wrote in a report today.

Perisai may report quarterly net income of as much as RM12 million and “scale new heights” this year and next, Norziana said. -- Bloomberg



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