Positive views on Bumi Armada, latest contract may contribute RM50mil per year to earnings


By LIZ LEE

PETALING JAYA: Bumi Armada Bhd's latest contract win from India's Oil & Natural Gas Corp Ltd (ONGC) for the charter hiring of a floating, production, storage and offloading vessel (FPSO) has garnered mostly positive views from analysts.

While some research houses have maintained their “buy” calls on the oil and gas concern, M&A Securities upgraded its “hold” to “buy”.

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