Risk factor
Very poor trading liquidity
Profitability factor
Solid dividends
About
Carimin Petroleum Berhad, an investment holding company, provides technical and engineering support services for upstream oil and gas companies in Malaysia. It operates through five segments: Manpower Services; Construction, Offshore Hook Up and Commissioning and Topside Major Maintenance; Marine Services; Civil Construction; and Others. The company offers offshore hook up and commissioning on production platforms comprising final installation, testing, and commissioning of the facilities' structures machinery and equipment; marine spread charter and maintenance, offshore transportation, and support vessel services; engineering procurement, fabrication, and construction of marine structures, as well as other oil and gas amenities, such as electrical and instrumentation of offshore facilities; personnel services; maintenance and repair works for oil and gas projects; and geophysical services. In addition, it supplies, rents, and maintains industry equipment, such as engineering work barges, work boats, and construction equipment; manages fabrication yards; charters offshore support vessels; and trades in geosynthetic products. Further, the company provides general contracting work and topside major maintenance; subsea underwater inspections, repairs, and maintenance; engineering consultancy and technical support; quality assurance and integrated inspection; retrofit, rejuvenation, and maintenance; piping and associated works; and installation and support services. Additionally, it offers asset and yard management, management of project equipment materials receiving, and equipment inspection and maintenance; corporate affairs, human capital management, finance and accounting support, invoicing and cost control management, supply chain management, and business development; civil contracting and geotechnical engineering; and project and management, and consultancy services. Carimin Petroleum Berhad was founded in 1989 and is headquartered in Kuala Lumpur, Malaysia.
Company Valuation
Based on key historical and expected multiples, the stock is greatly overvalued relative to its peers. In particular, the stock is overpriced on P/E, 'expensive' on EV/EB
