Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
Bumi Armada; Buy; RM4.45
Price Target: RM5.20 (Prev: RM5.00); BAB MK
Secures US$200m pipe-laying contract in Caspian Sea from Lukoil; raised FY12-14F profit by 5-7%. RM7.5bn order book gives clear earnings visibility. Maintain BUY rating; TP nudged up to RM5.20.
Source: HwangDBS Research - 17 April 2012
Company Name: BUMI ARMADA BERHAD
| Research House: MAYBANK | Price Call: BUY | Target Price: 5.20 |
Stock Name: ARMADA
Company Name: BUMI ARMADA BERHAD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 4.45 |
Bumi Armada; Buy; RM4.45
Price Target: RM5.20 (Prev: RM5.00); BAB MK
Secures US$200m pipe-laying contract in Caspian Sea from Lukoil; raised FY12-14F profit by 5-7%. RM7.5bn order book gives clear earnings visibility. Maintain BUY rating; TP nudged up to RM5.20.
Source: HwangDBS Research - 17 April 2012
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