AVENUE Securities Sdn Bhd is positive about the prospects of Perisai Petroleum Teknologi Bhd, especially after its two recent announcements to grow its business model by leaps and bounds.
The stockbroking house sees the first proposal – the acquisition of 55% of Allied Marine and Equipment Sdn Bhd – as a means to lower the group's operating costs and keep the work within the Perisai family.
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