Hong Leong Investment Bank (HLIB) Research, for one, thinks that the company’s recent share price weakness “accentuates an attractive bargain hunting opportunity” given the company’s foothold in the FPSO business.
PETALING JAYA: On the back of an improved balance sheet and stable recurring income from its floating production system and offloading (FPSO) business, Bumi Armada Bhd
is back on the radar.
Hong Leong Investment Bank (HLIB) Research, for one, thinks that the company’s recent share price weakness “accentuates an attractive bargain hunting opportunity" given the company’s foothold in the FPSO business.
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!
