PETALING JAYA: Straits Energy Resources Bhd
’s diversification into the telecommunications segment could turn out to be a significant growth driver for the group in the future, according to TA Research.
Following a recent meeting with the company’s management, TA Research expects the earnings potential to be huge, evidenced by the group’s ability to secure an order book of about RM160mil.
Meanwhile, it said the group’s core oil bunkering business is a beneficiary of the escalation in the Red Sea crisis and should remain stable in coming years.
Oil bunkering accounted for the bulk of the group’s revenue in the financial year 2022 (FY22).
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