PETALING JAYA: Shares in Bumi Armada Bhd lost a-fifth of its value after analysts slashed their earnings forecast on news that a client had terminated a contract involving one of its floating production, storage and offloading (FPSO) vessels.
Analysts also speculated that some of the group’s other FPSO vessels could also risk losing their deployment contracts, or not having them renewed.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!