KrisEnergy
Outperform
Credit Suisse Research | Oct 3
Close: S$0.805
WE initiate coverage on KrisEnergy with an "outperform" rating and a S$0.93 target price (TP), 17 per cent upside potential. KrisEnergy's portfolio of 19 assets offers a blended exposure to oil & gas assets in five countries. The company's work programme includes bringing online two oil fields in Thailand in 2015 which should transform its production and earnings profile. Thereafter, KrisEnergy has a strong pipeline of projects in Indonesia, Cambodia and Thailand.
The company boasts a production CAGR (compounded annual growth rate) of 94 per cent until 2016. KrisEnergy's production could reach 20,000 boe/d (barrels of oil equivalent...
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