KUALA LUMPUR: CIMB Equities Research maintains its Outperform recommendation on SapuraKencana Petroleum with a target price of RM5.60.
It said on Monday it continue to value the stock at 22.3 times CY15 P/E, at 40% premium over its CY15 target market price-to-earnings (P/E) of 15.9 times but still within the historical P/E range for oil & gas big caps.
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