‘BUY’ CALL KEPT ON BUMI ARMADA

KUALA LUMPUR: ANALYSTS heaved a sigh of relief due to the latest update from Bumi Armada Bhd on its floating production storage offloading (FPSO) unit, Armada Kraken, but stopped short of making any change to their financial forecasts until it has reached an optimal level and there is greater clarity on the financial impact of its shutdown.