KUALA LUMPUR: Alliance DBS Research is maintaining its Hold recommendation on UMW Oil and Gas (UMWOG) with a target price of RM4.15.
It said on Tuesday UMWOG had secured a US$46.5mil (RM146mil) contract from Petrovietnam Drilling & Well Services Corporation (PV Drilling) to supply of a jack-up drilling rig and associated services for PC Vietnam Ltd and Petronas Carigali Overseas Sdn. Bhd.
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