KUALA LUMPUR: RHB Research has maintained its Buy rating with a fair value of RM2.05 based on target FY14 P/E of 18 times, in line with other small- to mid-cap oil & gas (O&G) stocks within its coverage.
In a note on Friday, RHB said Perisai’s 51%-owned subsidiary secured a drilling rig contract from Petronas Carigali Sdn Bhd.
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