Maybank IB Research maintains buy on Barakah Petroleum
- 6 years ago
Maybank IB Research has maintained its buy recommendation for Barakah Offshore Petroleum at RM1.61 with a higher target price of RM1.90 sen.
The Research house said, the Pengerang pipeline job secured by the company would contribute about RM13 million net profit to Barakah, based on its 50 per cent stake.
The Research house said, the Pengerang pipeline job secured by the company would contribute about RM13 million net profit to Barakah, based on its 50 per cent stake.