Analyst Research Report Snapshot

Title:

Company Update – Perdana Petroleum (ADD, maintain) - A strong start to 2013 with RM500m contract wins

Price:

$35.00

Provider:

Affin Investment Bank

Date:

07 Jan 2013

Pages:

4

Type:

AcrobatPDF

Companies referenced:

PTRD.KL

Available for Immediate Download
Summary:

Perdana secured RM430m long-term AHTS contracts and RM70m contracts for workboat/ workbarge Perdana has a strong start to 2013. On 7 January 2012, the group announced a long-term chartering contract from Petronas for the provision of 4 units of AHTS vessels. The contract value is RM430m and the charters will run from 1st January 2013 for 5 years each, with extension options for an additional year. The Petronas contract win came hot on the heels of Perdana’s earlier RM70m contract wins, where the group is contracted to provide a workboat to Alam Maritim (9 months) and a workbarge to Ibnusina Resources (21 months).

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