CIMB Research advises investors to accumulate Bumi Armada shares

KUALA LUMPUR: CIMB Equities Research has advised investors to take advantage of the share price correction in Bumi Armada and accumulate the shares. 

It said on Monday that despite the leadership change with Hassan Basma is stepping down as CEO due to “family reasons” and current oil price weakness, it continues to like Bumi Armada’s long-term fundamentals.