Tuesday, April 22, 2008

Kencana (RM2.00): LOI for Shell platform in Sabah

CIMB reported that Kencana hv been received LOI from Shell to construct platforms in offshore Sabah. Contract worth would be in the region of RM100m with deliveries scheduled in 4QCY09-1QCY10.

Target Price (TP): CIMB:RM2.80

My One Cent:
Maintain BUY

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