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Kencana Petroleum : Buy, target price RM2.50.
AMRESEARCH has raised its target price on Kencana Petroleum Bhd by 25 per cent to RM2.50 each, as it is expected to clinch more jobs in the near term.
"We retain our earnings estimate of RM189 million for FY11F but raised our earnings estimates for FY12F and FY13F by 9 per cent to RM232 million and RM258 million, respectively. This is to account for more bullish order book assumption," said AmResearch in a report this week.
It expects the listing of Malaysia Marine & Heavy Engineering Bhd (MMHE) to kick start the award of large deepwater contracts by Petronas, given the need to fast track the development phase of proven fields - Gemusut Kakap, Malikai and …
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- KENCANA PETROLEUM'S TARGET PRICE RETAINED AT RM2.06.
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News wire article from: BERNAMA The Malaysian National News Agency
September 2, 2010
700+ words
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- Kencana Petroleum: Buy, target price RM2.
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Magazine article from: Business Times (Malaysia)
March 5, 2010
700+ words
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- Kencana Petroleum: Buy, target price RM2.04.
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Magazine article from: Business Times (Malaysia)
May 7, 2010
700+ words
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- Kencana Petroleum: Maintain Buy, target price RM2.06.
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Magazine article from: Business Times (Malaysia)
September 3, 2010
700+ words
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- OSK MAINTAINS TARGET PRICE FOR KENCANA PETROLEUM AT RM2.06.
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News wire article from: BERNAMA The Malaysian National News Agency
September 30, 2010
700+ words
