SAPURA ENERGY (SAPNRG,5218)
- Sapura Energy close at RM0.43 yesterday.
- Yesterday Sapura Energy announced RM815m new contract wins from oil majors coupled with crude
- oil price hitting 4 year high, may spur buying interest in the stock.
- As such, we expect buying momentum to emerge with share price to trend higher to RM0.47 (R1) and
- further to RM0.48 (R2).
- Meanwhile, supports can be found at RM0.42 (S1) and RM0.34 (S2).
Source: Rakuten Research - 25 Sept 2018