Deleum’s prospects seen to be improving

In its latest report, AmInvest Research described the group as “a grossly undervalued oil and gas cash generator”. The research house, which is initiating a coverage on Deleum, has maintained a “buy” call on the stock

PETALING JAYA: Deleum Bhd’s business prospects are expected to improve moving forward, says AmInvestment Bank Research.

Over the years, the group’s business venture has progressed from merely an agent of equipment and services providers to joint ventures, partnerships and self-operated operations.