Bumi Armada’s FPSO business stable

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.