PETALING JAYA: Orkim Bhd remains an appealing investment for investors seeking stable earnings, defensive tanker exposure and attractive dividend yields, says BIMB Securities Research.

In a note to clients, the research house said the marine transportation group’s contract-based business model offered protection against higher bunker costs and earnings volatility, making it a relatively defensive exposure within the shipping sector.

Orkim, which recently acquired Opal, an oil and chemical tanker for 157 million yuan, will see the group’s fleet increase to 20 vessels, while total deadweight tonnage will rise to 267,024 tonnes. This represents a 5.5% increase in carrying capacity….