Regional aspiration shaping up. JV SapuraAcergy's recent win of a
USD100m subsea construction job is a positive and should contribute
about 6% to FY12 net profit (pre-merger). The merger with Kencana is on
track, and we expect the Newco to secure more local jobs this year,
which could include a new marginal field Risk Sharing Contract (RSC).
Maintain Buy with a RM5.60 target price.
Click here for full report
No comments:
Post a Comment