Fair values of SapuraCrest, Kencana cut
Publish date: Tue, 04 Oct 2011, 10:08 AM
SapuraCrest Petroleum Bhd dropped 0.9 percent to RM3.48 set for its lowest close in a week.
Kencana Petroleum Bhd dropped 0.8 percent to RM2.40, its third day of declines.
SapuraCrest's "fair value" was cut to RM3.36 from RM4.56 and Kencana's was reduced to RM2.21 from RM2.99 at RHB Capital Bhd to reflect concerns about the global economy and the outlook for energy demand. -- Bloomberg
Kencana Petroleum Bhd dropped 0.8 percent to RM2.40, its third day of declines.
SapuraCrest's "fair value" was cut to RM3.36 from RM4.56 and Kencana's was reduced to RM2.21 from RM2.99 at RHB Capital Bhd to reflect concerns about the global economy and the outlook for energy demand. -- Bloomberg
Discussions
Be the first to like this. Showing 3 of 3 comments
Agreed. Changing of fair value or target price as the stock price more up and down. What is the intrinsic value of Sapcres?
2011-10-04 17:27
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It appeared that analysts changed their mind so fast. What happen now to the Newco. Will it happened?
2011-10-04 10:46