KUALA LUMPUR: Affin Research has maintained its Buy call on SapuraKencana (SKP) with a higher target price of RM5.50 from RM5.20 and is positive on SKP’s management’s new focus on integration and capital structure optimisation.
In a note on Friday, Affin said it favours SKP for its strong management, integrated business model, extensive oil & gas assets, growing international footprint and strong earnings CAGR of 41% over FY13-16E.
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