Deleum’s latest job win to bolster FY24 showing

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PETALING JAYA: The latest contract bagged by Deleum Bhd from PETRONAS Carigali Sdn Bhd for offshore services will contribute positively to the former’s financial year 2024 (FY24) performance in the duration of the contract, says MIDF Research.

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In line with the revised forecast, it revised the stock’s target price to RM1.62 (from RM1.58), pegging a price-earnings ratio of 11.2 times to a revised 2024 earnings per share of 14.5 sen.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Deleum Corporate News /Business/Business News Oil and gas PETRONAS

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-18 @ 07:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 246 words

Reading Time: 2 minutes read

Sentences: 7 lines

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Copyright Owner: © The Star

News ID: 21291776

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