ADVERTISEMENT

Analyst Reports


  • Filter by

Bumi Armada not looking into equity fund raising

KUALA LUMPUR: The management of Bumi Armada is not considering equity fund raising but instead it is mulling asset monetisation such as selling floating production storage and offloading (FPSO) stakes to partners, setting up private trusts (infrastructure funds) or tapping into an available debt facility of US$1.5bil.

Other monetisation plans are at advanced stages, which leads to UOB Kay Hian Research’s belief that debt repayments can be positively renegotiated.

Tougher times ahead for banks, says CIMB Research

KUALA LUMPUR: CIMB Equities Research sees tougher times ahead for banks as they have to grapple with other earnings risks, such as weak business loan growth and margin erosion.

Maxis 'reduce', Gabungan AQRS 'buy', Eonmetal 'buy', AMMB 'outperform'

MAXIS’ third quarter of 2018 was largely in line with analysts’ consensus, with a 4% increase in earnings before interest, tax, depreciation and amortisation (EBITDA) quarter-on-quarter (q-o-q) on the back of higher service revenue and lower operating expenditure.

AmInvest Research retains buy on Maybank as Hyflux exposure secured

KUALA LUMPUR: AmInvestment Bank Research is maintaining its buy call on Malayan Banking (Maybank) with an unchanged fair value (FV) of RM10.70 a share while its exposure to the Hyflux group has been resolved with the entry of SMI Investments Pte Ltd.

“Potentially, the improvement to the cash flows of Hyflux ahead could see a write-back of this provisions,” said AmInvest Research.

ADVERTISEMENT