BFM 89.9

HIGHLIGHTS 
Podcast  >  Morning Run  >  Market Watch  >  SapuraKencana Petroleum: Brighter Days Ahead?

SapuraKencana Petroleum: Brighter Days Ahead?

Quah He Wei

12-Jul-13 06:02

SapuraKencana Petroleum: Brighter Days Ahead?

Hwang DBS Vickers analyst Quah He Wei talks about Sapurakencana Petroleum: 
- earnings forecasts, incorporating Trans-Thai contract

- 48% of Sapura Kencana's order book is from Brazil. Making it beyond Asia? 

- protecting against inflation in Brazil. 

- gearing is high with net debt to equity of about 70% for 2013, forecasted to rise to 90% for 2014 til 2016.  As at 30 April, had borrowings in USD equivalent to RM7.1bn and AUD equivalent to RM7.3m. - forex risk- rising borrowing costs threaten substantial capex plans?

- One issue raised at SapKen’s recent AGM was Kencana Capital buying an 18.4% stake in Yinson. Given Kencana Capital’s 13% stake in SapKen and some overlap in the business of the two companies, potential conflict of interest?

- when SapKen would start paying dividends

- Buy call at RM4.85 target price, previously RM5.05. 


This and more than 60,000 other podcasts in your hand. Download the all new BFM mobile app.

Categories: 

Tags:  market watchklciinvestingequitiessapurakencana petroleum





Play / Pause

Listen now : BFM 89.9 -- The Business Station

Today’s Shows



11:00 AM

Best of Enterprise

(REPEAT) Vivek Ramachandran, Founder and CEO of SquareX, shares how the company is using its $20M Series A funding to tackle browser-based cyber threats, and why this focus could reshape the cybersecurity landscape.

12:00 PM

BBC World Service

This week on Science in Action - China's mission to bring back pieces of a mysterious asteroid that might be from our moon, new laser technology that can read text from over a kilometer away, and how ancient Incan string records could reveal climate secrets.

1:00 PM

A Bit of Culture

(REPEAT) It’s an “At The Movies” episode of A Bit of Culture as Kam, Mikey and Sudais talk about snacks at the cinemas, silent films and Tom Cruise!

2:00 PM

Ringgit & Sense

(REPEAT) Yuvarajan Periyan, Uno Adviser’s Sdn. Bhd. talks about things to consider when buying or renting a home.

2:30 PM

The Property Show

(REPEAT) Yap Zer Ken of Plush Services gives us the 101 on how to start a successful short-term rental space.

3:00 PM

Best of The Bigger Picture

(REPEAT) A researcher from India shares insights into how the state of Kerala is eradicating poverty.

4:00 PM

Best of Evening Edition

(REPEAT) What exactly makes kuih, kuih? And in an age of mass production, are we losing the heart of what makes kuih special? We unpack this with a seasoned cooking instructor.

5:00 PM

BBC World Service

This episode of The Inquiry looks at whether we have seen a breakthrough in preventing genetic diseases.