Index du Forum

aderfp633 · Inscrit le: 27 Sep 2011 Messages: 7915 Localisation: England

{ AmResearch maintains Buy call on Alam Maritim }
KUALA LUMPUR: AmResearch has maintained its Buy on on Alam Maritim Resources with an unchanged fair value of RM2.45 per share as it had secured a contract, potentially valued up to RM39mil, to provide underwater services from an unnamed local oil and gas company.In a note on Wednesday it said since the beginning of the year, Alam has secured RM246mil underwater services contracts from Talisman and other local companies.“But this new contract is within our expectations as our FY13F-FY15F assumptions incorporate underwater/offshore installation & construction orders of RM300mil to RM500mil.“Hence,[url=http://www.michael-korshandbags-outlet.org]Michael Kors Outlet[/url], we maintain our forecasts. Nevertheless, this development underpins our view that the group’s earnings prospects are improving, as the offshore installation & construction and underwater services divisions, which made a combined loss of RM7mil last year, are expected to turn around on the back of an acceleration of new jobs,[url=http://www.michael-korshandbags-outlet.org]Michael Kors Handbags Outlet[/url],” it said.It added year-to-date, Alam Maritim has secured contracts worth RM1.17bil, of which 79% are marine charters for vessels that are either wholly-owned,[url=http://www.michael-korshandbags-outlet.org]Michael Kors Handbags[/url], under joint ventures or for third parties.“For comparison, Alam’s current order book of RM1.3bil has surpassed its 2008 peak of RM1.1bil,[url=http://www.michael-korshandbags-outlet.org]michael kors canada[/url],” it said.
_________________
People watching the forthcoming beginning of the German half of the inhabitants of Berlin are no interested in co-optation

Index du Forum -> Les tournois -> AmResearch maintains Buy call on