SapuraCrest rating raised to 'outperform' (BT)

RHB Research Institute Sdn Bhd has raised its rating on SapuraCrest Petroleum Bhd, a Malaysian oil and gas services provider, to “outperform” from “market perform”.
The research outfit said SapuraCrest's longer-term prospects are “bright” because of a RM6.2 billion order book.
The target price was increased to 94 sen from 82 sen, RHB said in a report today.