More upside for Bumi Armada, says CIMB Research


KUALA LUMPUR: CIMB Equities Research sees more upside for Bumi Armada and maintains the target price at RM1.50.

It said on Wednesday that excluding one-off RM21mil in staff retrenchment costs, Bumi Armada's 1Q15 core net profit jumped 43% on-year.

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