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Published: Wednesday November 14, 2012 MYT 9:19:00 AM

Maybank KE Research maintains Buy on Perisai


KUALA LUMPUR: Maybank KE Research is maintaining its Buy call on Perisai Petroleum with an unchanged target price of RM1.40 which is at 11 times FY14 earnings per share.

It said on Wednesday, Perisai's upcoming 3Q12 results, due on Nov 20, will likely meet its estimates.

“More importantly, we are optimistic about its chances of securing a Malaysia-based FPSO charter contract by end-2012, which would significantly boost its earnings, business profile and target price,” it said.

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