SAPURA ENERGY BHDBy RHB ResearchBuy (Maintained)Target price: RM2.30THE engineering and construction (E&C) segment of Sapura Energy will continue to be the main earnings growth driver for the group. In March, Sapura Energy announced that it added RM97mil worth of new contracts to its orderbook. “We believe FY18F would continue to be a year of growth for Sapura Energy despite the continuing tough operating environment in the oil and gas industry. Astro is also exploring the potential of content mobility, which would allow a subscriber to access Astro content when travelling outside Malaysia. The new available capacity would put the group in a strategic position to bid for future orders from its key customers, including Customer X.

Source: The Star April 10, 2017 23:03 UTC