Stock To Watch : Bumi Armada

Bumi Armada Bhd is going to be listed on the Main Market of Bursa Malaysia today.

As the market sentiment improved yesterday, maybe it will help to push the price even higher today.

The final retail price was fixed at RM3.03 per share which was 12 sen lower than the initial offer price of RM3.15.

The listing of Bumi Armada will raise RM2.6 billion and also the biggest IPO for KLSE this year.

The Edge weekly's target price for this company is ranging from RM3.62 to RM4.05.


Lets watch how the shares fare today.........