Low named Bumi Armada Bhd as HLIB's top pick with a ‘buy’ rating and target price of 41 sen based on a 10.3 times FY20 earnings per share for its stable and strong FPSO (floating production storage and offloading) earnings contribution (>80% of revenue) and undemanding valuations.
>84% of the revenue contributed from FPSO business with 354mil profit a quarter, furthermore this is a handsome recurring income. at current price still a very very good bet. HLIB target 41sen, lets aim for 35sen will do....
Ooops! Just found out that Sifu Fong Siling still a top 10 shareholder of BAB with 71mil share on hand. So, can't be that wrong to invest in this company right. Hmmm....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
khatulistiwa1234
46,261 posts
Posted by khatulistiwa1234 > 2020-07-21 15:20 | Report Abuse
TIME ROCKET UP , GLOBAL OIL ISSUE RECALL , BARREL GROWTH UP IN PRICE .