KUALA LUMPUR: MIDF Research has put a value of RM3.62 for Bumi Armada Bhd, based on 20.4 times the price earning ratio (PER) for 2012, representing a potential upside of 19.3 per cent to the final initial public offering (IPO) price.
"Our targeted 20.4 times multiple is derived from earnings weighted price earning ratio of Bumi Armada's four major business units," MIDF Research said in its latest notes.
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!