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AmInvestment maintains 'buy' on Sapura Energy amid new contract wins


KUALA LUMPUR: Sapura Energy Bhd 's 9MFY19 loss of RM293mil came within AmInvestment research's expectations although it fell below consensus estimates.

"Excluding unrealized forex gains of RM96mil, Sapura’s core loss of RM389mil is well within our FY19F loss of RM547mil, with the group expected to suffer a wider 4QFY19 loss due to seasonally lower offshore activities during the monsoon season," said the research house.

Analyst Reports

   

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