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You are spot on because their offshore support vessels are super high in demand when oil majors ramp up exploration to chase those global barrels. More activity means higher charter rates for their fleet regardless of the daily price fluctuations in the market.
After the AHTS acquisition, TA Research turned more positive on the stock, upgrading its recommendation from “Hold” to “Buy”, while keeping the target price unchanged at RM1.74
TA Research upgrade to buy confirm show them got faith with the new AHTS vessel contribution. This stock still got room to run if they can keep scaling up the fleet growth.
Steady lah if you catch that dip because the risk reward ratio is looking quite solid now, hold tight and wait for the rebound once the market sentiment stabilizes
