Giken Sakata kept at "buy" by OSK-DMG with 65-cent target

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

Research House: OSK-DMG

Price Call: BUY

Target Price: 0.65

SINGAPORE (Jan 5): OSK-DMG has kept its "buy" call and 65-cent price target for Giken Sakata, saying the Indonesia-focused oil and gas producer will be immune to volatility in oil prices even as it ramps up production.

"Our central case is for at least 22 months of oil price immunity," said analysts Lee Yue Jer and Jesalyn Wong in a note today.