Catalysts remain elusive for Barakah Offshore, says Maybank IB Research


Barakah to provide welding services for Murphy's drilling and subsea programme.

KUALA LUMPUR: Maybank IB Research has downgraded its fair value for Barakah Offshore Petroleum Bhd to 70 sen from 77 sen previously after reducing its earnings forecast for the oil and gas firm due to the current industry slowdown.

 

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