Deleum’s prospects seen to be enhancing

PETALING JAYA: Deleum Bhd‘s enterprise prospects are anticipated to enhance shifting ahead, says AmInvestment Financial institution Analysis.

Over time, the group’s enterprise enterprise has progressed from merely an agent of apparatus and providers suppliers to joint ventures, partnerships and self-operated operations.

The group’s enterprise is assessed into three major segments particularly energy and equipment, which accounts for 70% of its monetary 12 months 2021 (FY21) income, oilfield providers at 19% and built-in corrosion resolution at 11% respectively.

In its newest report, AmInvest Analysis described the group as “a grossly undervalued oil and gasoline money generator”.

The analysis home, which is initiating a protection on Deleum, has maintained a “purchase” name on the inventory with a good worth of 90 sen per share, pegged to FY22’s forecast worth to earnings ratio of 12 occasions along with a 3% low cost to its Environmental, Social, and Governance score of two stars.


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