KUALA LUMPUR: CIMB Equities Research is retaining its Add recommendation for Perisai Petroleum with a target price of RM2.37.
It said on Wednesday Perisai's jack-up Perisai Pacific 101 (PP101) is set to start servicing its first contract next month, reversing the current earnings profile that is challenged by the idling of mobile offshore production unit Rubicone and pipe-lay barge Enterprise 3 (E3).
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