Maybank IB Research said the group is in a vulnerable position as it faces orderbook destruction, pressure to reduce costs and refinancing risks in this new downturn
KUALA LUMPUR: Maybank IB Research has downgraded Sapura Energy Bhd
to “sell” call from “buy” with a trimmed target price of 4 sen given the challenging outlook ahead in the oil and gas sector.
The research house said the group is in a vulnerable position as it faces orderbook destruction, pressure to reduce costs and refinancing risks in this new downturn.
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