Barakah to provide welding services for Murphy's drilling and subsea programme.
KUALA LUMPUR: Maybank Investment Bank has maintained its “sell” call on Barakah Offshore Petroleum
with an unchanged target price of 13 sen, based on one time EV/replacement value.
Barakah needs to address its financials, especially its KL 101 pipelay barge (likely to be immobilised for FY17), a heavy burden to its cashflows.
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