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Date Description Country Analyst Download
29-Apr-2022 After a series of legacy issues, the sky is finally clear for ARMADA. After winding down 22 OSVs in 2021, It has only four OSVs left to dispose. It is poised to benefit from the tight FPSO market. Currently trading at a depressed FY22 PE of 4.0x, we recommend ARMADA a BUY for a potential rerating. Malaysia Malaysia Research Team
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