SapuraKencana Petroleum Bhd group's after-tax profit rose to RM1.3 billion in the first nine months of financial year 2015 compared with RM787 million in the corresponding period of financial year 2014 Net profit rose 41.9 percent in the third quarter, on contribution from newly acquired upstream units.
SapuraKencana Petroleum Bhd said on Thursday it had won a $2.7 billion offshore-support-vessel contract from Brazil's state run oil company, Petroleo Brasileiro Petrobas SA.
SapuraKencana and Norway's Seadrill have landed a $2.7 billion contract from Brazilian giant Petrobras for three flexible deep-water pipe-laying support vessels.
SapuraKencana Petroleum Bhd maintain outperform at RM2.41 with a target price of RM2.97: Congenstion at Brazilian yards is one of the factors that prompted Petrobas to open up the construction of vessels to foreign shipyards.