RH Petrogas started at "neutral", 40-cent target by Credit Suisse

Stock Name: RH PetroGas
Company Name: RH PETROGAS LIMITED

Research House: Credit Suisse

Price Call: HOLD

Target Price: 0.40

SINGAPORE (Jan 15): Credit Suisse has started coverage on RH Petrogas with a "neutral" rating and price target of 40 cents.

The value of the stock hinges on the company getting final regulatory approval from the Chinese government to develop its so-called Fuyu-1 oil block, an onshore conventional oil project in China, according to Credit Suisse analysts Tan Shew Heng and David Hewitt.