(EnergyAsia, September 29 2010, Wednesday) — DBS Vickers has maintained its ‘buy’ rating on the stock of Singapore-listed engineering and oil storage builder PEC Ltd, with a price target of S$1.31 a share for a 31% gain. (US$1=S$1.32). DBS Vickers reiterated its stance in light of what it calls PEC Ltd’s strong cash position and…
SINGAPORE: DBS calls oil storage builder PEC an “undervalued cash cow”
Posted on September 28, 2010 by EnergyAsia