KUALA LUMPUR: RHB Research has maintained its Buy call on Bumi Armada
with a fair value of RM4.50, saying that investors should accumulate the stock ahead of potential contract wins for projects that have been long delayed, namely the Madura FPSO vessel charter contract.
“We are also anticipating more details of the Kraken oil field FPSO contract. As such, there is still more upside to our FY14/15 earnings estimates,” it said in a note on Tuesday.
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!
