In an entrenched position for growth. We remain positive on
Perisai's growth prospects, management focus and balance sheet strength.
It could next feature in Malaysia's FPSO scene with Ezra as it seeks to
leverage on Ezra's financial muscle and experience. Recall that Hess
has given a Letter of Intent to Ezra’s unit, EMAS Offshore, to charter
an FPSO for the North Malay basin field. A successful FPSO partnership
with Ezra would catapult Perisai onto a new growth path and reinforce
our conviction Buy call.
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Source: Maybank Research - 10 April 2012
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