Kenanga Research said while the outlook is expected to improve from financial year 2020 (FY20) onwards, it has maintained its
PETALING JAYA: Several research houses had cut their earnings forecast on Sapura Energy Bhd
’s financial year ending January 31, 2020 (FY20), even after the firm returned to the black in FY19.
They also pointed out that Sapura had missed consensus expectations for its quarterly earnings, and as such had reviewed their target prices on the oil and gas service provider to reflect lower earnings forecasts this year.
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