ADVERTISEMENT

Affin Hwang maintains sell on Sapura Energy


KUALA LUMPUR: Affin Hwang Capital Research maintained its sell call on Sapura Energy Bhd with a lower target price of 40 sen from 73 sen previously based on 0.6x FY19E net tangible assets. 

The research firm noted that the downside risks to the counter remain from potantial impairment, negative earnings surprises, uncertainty over orderbook replenishment, weak cashfows and the potential listing of its exploration and production (E&P) division.

Analyst Reports

   

ADVERTISEMENT