Bumi Armada sets sights on floating LNG space

“Outlook is improving for Bumi Armada, although the company is not totally out of the woods yet," says an analyst.

AS one of the largest floating production, storage and offloading (FPSO) players in the world, Bumi Armada Bhd is a widely-followed stock.

However, its high debt level was a major concern with investors, resulting in the stock losing some appeal.