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AmInvest Research upgrades Sapura Energy to Buy, ups target price to 50c


AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.

AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.

KUALA LUMPUR: AmInvestment Research upgraded its call on Sapura Energy (Sapura) to Buy from Hold with a higher fair value of 50 sen a share from an earlier 30 sen.

The research house said on Friday this was based on a lower 30% discount to its estimated diluted book value of 72 sen a share, following the completion of its RM4bil rights issue.

Analyst Reports , Oil & Gas

   

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