Barakah Offshore Petroleum Berhad (Stock Code: 7251)
Barakah Offshore Petroleum Berhad is an investment holding company. The Company, through its subsidiaries, offers pipeline services, offshore transportation and installation, topside major maintenance and hook-up commissioning, onshore pipeline and construction, underwater services, and ship management and chartering.
Our medium (3-6 months) term target price for BARAKAH is RM1.30 hence offers an upside potential of around 40.5% from current level. by Affin Hwang Capital
BARAKAH OFFSHORE PETROLEUM BERHAD
The Company is principally an investment holding company whilst the principal activities of its subsidiaries PBJV Group Sdn Bhd is a pipeline service provider. From pipeline service provider PBJV expanded its business activities into offshore transportation and installation works hook-up and commissioning onshore construction underwater services and chartering of marine vessels and equipment.