Maybank Research maintains Buy on Bumi Armada, TP RM4.88
Page 1 of 1
Maybank Research maintains Buy on Bumi Armada, TP RM4.88
KUALA LUMPUR: Maybank Investment Bank Research is maintaining its Buy recommendation on Bumi Armada and has a target price of RM4.88.
It
said on Wednesday Bumi Armada had secured a second pipe-laying job in
the Caspian region which, though small, underscores the rising
opportunities there.
“Overall, we remain positive on its
fundamentals. Bumi Armada offers strong earnings growth visibility
(three-year net profit CAGR of 25%) and has the balance sheet strength
to power its growth and aspirations. Our TP is based on sum-of-parts
valuations,” it said.
It
said on Wednesday Bumi Armada had secured a second pipe-laying job in
the Caspian region which, though small, underscores the rising
opportunities there.
“Overall, we remain positive on its
fundamentals. Bumi Armada offers strong earnings growth visibility
(three-year net profit CAGR of 25%) and has the balance sheet strength
to power its growth and aspirations. Our TP is based on sum-of-parts
valuations,” it said.
hlk- Moderator
- Posts : 19013 Credits : 45112 Reputation : 1120
Join date : 2009-11-14
Location : Malaysia
Similar topics
» Bumi Armada’s 2Q13 results likely to track expectations, says Maybank IB Research
» Stocks To Watch Bumi Armada, BAT, KLK, KianJoo, JCY, MSM, Maybank, Perwaja, B.Assets, Luxchem
» Aug28th-Companies in the news DRB-Hicom, Bumi Armada, Ann Joo, TM, TIME, Lafarge, Sunway, Oldtown, Litrak, Scan Associates, Maybank, FGV, AAX and Gree
» Bumi Armada downgraded to 'neutral'
» Bumi Armada slides 4.3pc
» Stocks To Watch Bumi Armada, BAT, KLK, KianJoo, JCY, MSM, Maybank, Perwaja, B.Assets, Luxchem
» Aug28th-Companies in the news DRB-Hicom, Bumi Armada, Ann Joo, TM, TIME, Lafarge, Sunway, Oldtown, Litrak, Scan Associates, Maybank, FGV, AAX and Gree
» Bumi Armada downgraded to 'neutral'
» Bumi Armada slides 4.3pc
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum