In a note on Tuesday, the research house said the news of KKB winning an O&G contract may excite the market, hence driving its near-term share price performance.
"Nonetheless, we prefer to be prudent as KKB’s 1HFY14 profit, which was announced last month, only accounted for 28.9% of our full-year estimates, suggesting a potential earnings cut if 3QFY14 results remain disappointing," it said.
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