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Business 17 May 2012 | 12:00 AM

AmResearch initiates coverage of SapuraKencana, FV RM2.68

AmResearch has initiated coverage on SapuraKencana Petroleum (SapuraKencana) with a fair value of RM2.68 a share, pegged to a FY13F PE of 22 times, excluding one-off merger costs of RM131mil.

Business 17 May 2012 | 12:00 AM

SapuraKencana opens at RM2.30

SapuraKencana Petroleum Bhd(SapuraKencana) made its debut on the Main Market of Bursa Malaysia on Thursday at RM2.30, which was six sen above its reference price of RM2.24.

Business 17 May 2012 | 12:00 AM

KLCI stages mild technical rebound

Blue chips staged a technical rebound in early trade on Thursday after several days of heavy losses but the gains were limited as investors remain cautious about the eurozone debt crisis.

Business 17 May 2012 | 12:00 AM

RM12bil bids target

KUALA LUMPUR: SapuraKencana Petroleum Bhd, a merged entity of two oil and gas (O&G) companies, expects to boost its bidding order book to RM12bil by year-end from RM7bil currently.

Business 17 May 2012 | 12:00 AM

Asian markets higher, Tenaga powers KLCI

Asian markets were mostly higher at midday, Thursday, although overall investor sentiment still remained cautious as concerns over the persisting European debt crisis had not abated.

Business 17 May 2012 | 12:00 AM

KLCI snaps losing streak but SapuraKencana disappoints

Blue chips snapped their losing streak on Thursday, but managed to recoup only one-third of their losses from the previous day, as investors worried about the deepening turmoil in Greece and fears of contagion spreading.

Business 17 May 2012 | 12:00 AM

HDBSVR sees KLCI extending decline

Hwang DBS Vickers Research believes that the FBM KLCI will continue to extend its losing streak to five consecutive days on Thursday, with cumulative losses for the previous four days now standing at 52.0 points or 3.3%.

Business 17 May 2012 | 12:00 AM

Asian markets up, KLCI holds on to early gains

Asian markets were mostly higher in late morning on Thursday after the sell-off the previous day as as investors continued to remain cautious as concerns over Europe remained.

Business 16 May 2012 | 12:00 AM

SapuraKencana: Bidding order book to hit RM12b by yr-end

SapuraKencana Petroleum Bhd expects its bidding order book to increase to RM12bil by year-end from RM7bil now.

Business 05 May 2012 | 12:00 AM

Investors eagerly awaits listing of merged SapuraKencana

INVESTORS and fund managers are eagerly waiting to grab a slice of the merged upstream oil and gas (O&G) service provider SapuraKencana Petroleum Bhd (SKP).