Bumi Armada up, top active as CIMB sees low probability of loan default
Bumi Armada Bhd shares rose as much as three sen or 19% to 19 sen so far today after CIMB Research said Bumi Armada's difficult debt refinancing talks with banks are ongoing and that the probability of banks calling a default on the loans is low.
At 11:07am, the oil and gas support services provider's shares topped Bursa Malaysia's active list. Bumi Armada saw a turnover of some 158 million shares.
Rocket Lab, one of the biggest startups in the NewSpace category of companies providing launch and satellite services, has added satellite manufacturing to the array of services it offers to customers. The company, which already had developed launch capabilities and has begun sending payloads into space, can now deliver fully built satellites to its customers, […]
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