Thursday, 3 May 2012

Maybank IB Research maintains Buy on Perisai Petroleum, target price RM1.13

KUALA LUMPUR (May 3): Maybank IB Research has maintained it Buy Rating on Perisai Petroleum Bhd at 86.5 sen and target price RM1.13 and said the company would move into the FPSO charter market for its next Malaysia project.

In a note Thursday, the research house said this would be a major positive and a catalyst to growth and re-rating.

“Its major shareholder, Ezra will likely play a role in this development.

“Our preliminary estimate suggests that this could lift EPS by 18% p.a. while still keeping Perisai's net gearing at manageable level. Maintain Buy,” it said.

Get your T+10 interest FREE margin trading account NOW. Attractive brokerage for online trading. Contact Mr Ho at +603-5192 0808 or for more details.
Related Posts Plugin for WordPress, Blogger...