Giken Sakata started at 'buy' with 51 cents price target by Religare

Stock Name: Giken Sakata
Company Name: GIKEN SAKATA (S) LIMITED

Research House: Religare Capital

Price Call: BUY

Target Price: 0.51

SINGAPORE (Dec 1): Religare Institutional Research has initiated coverage of Giken Sakata with a buy call and a price target of 51 cents.

In a Nov 28 report, analyst Yan Ke says Giken Sakata has transformed itself from a precision machining business into a highly cash-generative onshore oil field play after its acquisition of Indonesian oil & gas assets via share acquisitions in Cepu Sakti Energy (CSE).