Over 70% upside! Here's why brokerages are bullish on this midcap stock post strong Q1 show
"We believe that the group earnings may have peaked out for the near term, with our FY23E-FY24E estimates factoring in 1) moderation in NRL GRMs, 2) moderation in Brent crude price to US$90-95/bbl vs >US$110/bbl currently, and 3) net realisations capped at US$75/bbl thanks to the new additional duties imposed by the government," it said..