However, Affin Hwang has cut its 2014-16E core EPS for Petra Energy by 13-23%, imputing the weaker-than-expected 9M14 results, more prudent EBIT margin assumption of 6.5%-7% (vs 8%) for its integrated brownfield services segment; and lower new contract wins assumption of RM50mil view of the softening global oil & gas capex.
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