Bumi Armada fundamentals intact


WHAT’S going on with international offshore oilfield services provider Bumi Armada Bhd? When will the bleeding of its share price stop?

On Thursday afternoon, a crossing of 202.25 million shares in Bumi Armada Bhd in off-market trade at RM2.96 each fuelled speculation that its early initial public offering (IPO) investors were still selling their shares.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , Bumi , Armada , oil and gas

   

Next In Business News

Trade showing remains on upward trajectory
Maxis pledges full support to government’s 5G delivery model
Fajarbaru Builder secures RM13mil job
MKH Oil Palm IPO oversubscribed
How Sin-Kung leveraged air cargo for its success
Domestic office-sector REITs stay cautious
US existing-home sales decline as rates keep buyers sidelined
1Q GDP growth likely to have accelerated to 3.9%
MARC: Room to improve current account balance
MISC to develop world’s first ammonia dual-fuel ships

Others Also Read