Asian Energy Services Ltd. share price target and research reports

Name: Latest research reports of Asian Energy Services Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Asian Energy Services Ltd.
Rating: 3
Author: HDFC Securities

Latest analyst research reports with target prices and PDF download for ASIANENE, BSE:530355 Asian Energy Services Ltd.

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Asian Energy Services Ltd.

17 May 2018

254.15

-1.15%

Asian Oilfield Services (Event Update): Tough times may recede. NOT RATED

Neutral: Asian Energy Services Ltd.

HDFC Securities

Our fair value for the stock reduces to Rs 166/share (10x Mar 20E EPS) from Rs 312/share. Koral Energy International terminated the five year O&M; contact awarded to Asian Oilfields 100% subsidiary Asian Oilfield & Energy Services DMCC (ADMCC) in Feb-17. This came in as a major negative surprise. The prime reason for contract cancellation is to reduce operating cost.

Asian Energy has lost -24.82% in the last 3 Months

Asian Energy Services Ltd.

30 Nov 2017

254.15

-1.15%

Asian Oilfield Services (Visit Note): No looking back. NOT RATED

Not Rated: Asian Energy Services Ltd.

HDFC Securities

Our fair value for the stock is Rs 312 (10x Sep 19E EPS). Post the acquisition and change of management from Samara Capital to Oilmax Energy in August 2016, Asian Oilfield Services (AOS) has undergone a complete transformation. The company witnessed infusion of funds by the new promoters, and debt repayment of Rs 270mn. Also, reconciliation and settlement of old outstanding dues payable/ recoverable resulted in a cleanup of the balance sheet. The new management has focussed on ramping up domestic as well as overseas work contracts worth Rs 12.5bn.

Asian Energy Services Ltd. is trading below all available SMAs

Is Asian Oilfield Services Ltd. worth buying?

50 Votes:

Buy 74.0%

Sell 14.0%

Hold 12.0%