It said on Wednesday, Perisai's upcoming 3Q12 results, due on Nov 20, will likely meet its estimates.
“More importantly, we are optimistic about its chances of securing a Malaysia-based FPSO charter contract by end-2012, which would significantly boost its earnings, business profile and target price,” it said.
Smartbiz: Perisai's price is moving in a wedge pattern whereby 1.02 is its immediate support. In view of the weak market, price has the tendency to test its next support at 1.01. However, this also provides opportunity for those who believe in the Perisai story to accumulate for mid-term holding. Due to its strong fundamental and business path price has a good potential to record new highs again. Its resistance is seen at 1.09 and 1.11.
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