Affin Hwang maintains 'Buy' on Bumi Armada, TP at 62 sen


KUALA LUMPUR: Underpinned by an improving outlook in the offshore marine services (OMS) segment and the resolution of operational issues with the FPSO Kraken, Bumi Armada Bhd may be looking at brighter earnings prospects moving forward.

The group recently announced a better-than-expected 3Q core net profit of RM87mil as the OMS segment reported a profit turnaround and JV profit increased from a tax exemption.

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