AmResearch notes that Kencana Petroleum Bhd group order book of RM1.9 billion is likely to rise further with new jobs from tenders of RM4 billion, largely from the Kebabangan cluster platform contracts.
The research house projects new orders of RM1.5 billion to RM1.8 billion for financial year 2011-13 against RM1 billion in financial year 2010.
AmResearch also expects further margin expansions.
"Kencana’s EBITDA margins have consistently been improving, rising by a commendable 9 percentage points over the past four years to 18 per cent in financial year 2010 largely due to improving operational efficiencies."
AmResearch sees Kencana a "buy" at RM2.50. - Reuters
Showing posts with label Kencana. Show all posts
Showing posts with label Kencana. Show all posts
Wednesday, October 20, 2010
Monday, December 21, 2009
Kencana 1Q net profit at RM30.82m
KUALA LUMPUR: KENCANA PETROLEUM BHD [] posted slightly lower net profit of RM30.82 million in the first quarter ended Oct 31, 2009 compared with RM33.06 million a year ago.
It said on Monday, Dec 21 revenue declined by about 12% mainly due to progress achieved for contracts in hand, which was in line with the project delivery schedule. Profit before tax fell 5% from RM43.9 million to RM41.8 million. Earnings per share were 3.41 sen compared with 3.67 sen.
When compared with the fourth quarter ended July 31, 2009 profit before tax rose 7.5% to RM41.8 million from RM38.9 million.
"The increase in profit before tax for the current quarter was mainly due to better management of costs," it said.
On the outlook, it said capital spending in the upstream oil and gas sector was expected to be resilient despite the lower world oil prices. This was based on continued active exploration and production activities by the oil and gas companies.
It said on Monday, Dec 21 revenue declined by about 12% mainly due to progress achieved for contracts in hand, which was in line with the project delivery schedule. Profit before tax fell 5% from RM43.9 million to RM41.8 million. Earnings per share were 3.41 sen compared with 3.67 sen.
When compared with the fourth quarter ended July 31, 2009 profit before tax rose 7.5% to RM41.8 million from RM38.9 million.
"The increase in profit before tax for the current quarter was mainly due to better management of costs," it said.
On the outlook, it said capital spending in the upstream oil and gas sector was expected to be resilient despite the lower world oil prices. This was based on continued active exploration and production activities by the oil and gas companies.
Wednesday, September 2, 2009
Kencana Unit Gets RM134.5m Jobs
Kencana Petroleum‘s subsidiary Kencana Torsco SB has clinched two contracts totalling RM134.5m for the
construction of a manufacturing plant for Sunpower Malaysia Manufacturing SB. Kencana told Bursa Malaysia
yesterday that the first contract worth RM106.7m was for the design, fabrication and construction of a
superstructure including preliminaries, external cladding and other related external works. The second contract,
valued at RM27.8m, involves the construction of substructure, including preliminaries, sub-structure earthing
system and related substructure.
construction of a manufacturing plant for Sunpower Malaysia Manufacturing SB. Kencana told Bursa Malaysia
yesterday that the first contract worth RM106.7m was for the design, fabrication and construction of a
superstructure including preliminaries, external cladding and other related external works. The second contract,
valued at RM27.8m, involves the construction of substructure, including preliminaries, sub-structure earthing
system and related substructure.
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