Kencana Petroleum Berhad : A Better Tomorrow - 20/08/2010

♦ 4QFY07/10 results likely good. Management has guided for a 15% yoy growth in net earnings for FY10, leading us to expect full-year earnings of around RM135.7m for FY10. As such, 4QFY06/10 results could be better at c.RM41m. This would be in line with our RM131.4m FY10 forecasts.