Thursday, August 20, 2015

BUZZ-Kazakhstan currency tumble may hit Asia’s Kunlun, SPT Energy, BHEL – Reuters

** Kazakhstan floats tenge, currency tumbles

** Kunlun Energy, which owns oil fields in Kazakhstan, falls 6.1 pct on worries E&P operations may be hit by a rise in the cost of U.S. dollar debt

** A 25 pct devaluation of tenge could result in HK$ 400 mln forex loss to Kunlun in H2 – Citi

** SPT Energy, which provides reservoir services in Kazakhstan, down 5.4 pct

** Devaluation of tenge in February 2014 affected SPT Energy’s earnings negatively

** India’s BHEL falls 3.4 pct; it has signed three deals for construction of power plants in Kazakhstan (RM: abhishek.vishnoi.thomsonreuters.com@reuters.net)

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