Upbeat on Sapura Energy as order book grows

AmInvest Research reiterated its buy recommendation on Sapura Energy with an unchanged fair value of 29 sen a share

KUALA LUMPUR: AmInvestment Research estimates Sapura Energy group’s outstanding order book could increase by 10% to RM13bil based on the group’s bids of RM53bil currently.

In a research note on Thursday, the RM53bil would be 4.1 times its current order book. Additionally, the group is looking for prospective projects worth up to RM93bil.