Highlights
KLSE: ARMADA (5210)       BUMI ARMADA BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.245   -0.005 (2.00%)  0.245 - 0.25  3,998,500
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News & Blogs

Date Subject
14-Oct-2020 Oil & Gas - Biden Win May be Negative for Oil
02-Oct-2020 Economics & Strategy - Recovering But Not Out of the Woods
01-Oct-2020 ARMADA 成功获得了两份价值 RM2.06 Billion 的合同!
28-Sep-2020 【行家论股/视频】布米阿马达 新合约加强现金流
28-Sep-2020 Bumi Armada - Armada Sterling I Renewed for 10+5 Years
28-Sep-2020 Bumi Armada Berhad - Sailing Smoothly Through the Indian Waters
28-Sep-2020 Bumi Armada Berhda - 10-Year Charter For FPSO Sterling I
28-Sep-2020 Bumi Armada Bhd - Secures Contracts for Sterling FPSO
28-Sep-2020 Trading Stocks - Bumi Armada
28-Sep-2020 ARMADA secured two contracts in India worth RM2.06 billion!
25-Sep-2020 Bumi Armada - Armada Sterling Boost
25-Sep-2020 Bumi Armada Bhd - Armada Sterling Bags 10 Year Extension
18-Sep-2020 Oil & Gas - Energy Transition Amid Covid-19 Constraints
07-Sep-2020 Oil & Gas - Lower Capex Spending to Continue in 2H20
07-Sep-2020 Oil & Gas - Petronas' Loss Crimps Dividend Prospects
04-Sep-2020 Traders Brief - Bye-bye 1500 Support Amid Wall St's Rout
04-Sep-2020 Oil & Gas - Turning The Corner
02-Sep-2020 2QCY20 Results Review - Turning Point Up Ahead
01-Sep-2020 Bumi Armada Berhda - Steadier Performance From Kraken
01-Sep-2020 Bumi Armada Berhad - Resilient Earnings Underpinned by Armada Kraken
01-Sep-2020 Bumi Armada Bhd - Continues Earning Recovery Trend
01-Sep-2020 Mplus Market Pulse - 1 Sept 2020
01-Sep-2020 Traders Brief - Anticipate More Volatility in a Seasonally Weak September
01-Sep-2020 Bumi Armada - Unleash the Kraken
01-Sep-2020 Bumi Armada - Solid 2Q20 Results
01-Sep-2020 Bumi Armada Bhd - Sterling Performance
30-Aug-2020 [转贴] [Video:浅谈BUMI ARMADA BHD, ARMADA, 5210] - James的股票投资James Share Investing
29-Aug-2020 [转贴] [BUMI ARMADA BHD:Armada Kraken FPSO的船只可用性提高,FPO部门的收入增加,而由于OSV船只利用率的提高(从YTD 2019 45%增加到YTD 2020 56%),OMS部门的收入增加] - James的股票投资James Share Investing
28-Aug-2020 Bumi Armada - Kraken steadies the ship
14-Aug-2020 Traders Brief - Upside Bias But Facing Stiff Rounding Top Resistances at 1591-1618 Levels
04-Aug-2020 Oil & Gas Sector - Petronas Yields to Sarawak Sales Tax
30-Jul-2020 Traders Brief - Upside May be Capped Ahead of Long Weekend Holidays
28-Jul-2020 Strategy - Swimming in Liquidity
21-Jul-2020 Oil & Gas - Subdued Capex Despite Expected Recovery
14-Jul-2020 Oil & Gas - High risks amid oil price volatility
22-Jun-2020 阿玛达核心净利符预期
15-Jun-2020 Thematic - Should We Fear the Return of Short Sellers?
09-Jun-2020 Trading Stocks - 9 June 2020
09-Jun-2020 Oil & Gas - A Month Extension
08-Jun-2020 Bumi Armada - Sailing Into FY20 on Solid Footing
03-Jun-2020 Evening Market Summary - 3 Jun 2020
02-Jun-2020 [转贴] [Facebook live video:浅谈Bumi Armada bhd (Armada)] - James的股票投资James Share Investing
01-Jun-2020 Bumi Armada- Strong Core Profit Masked by OMS Impairment
01-Jun-2020 Bumi Armada Berhad - RM341m Impairment on OMS
01-Jun-2020 Bumi Aramada - Resilient FPO Business to Sustain Earnings
01-Jun-2020 Bumi Armanda Berhad- Improved FPSO Performance
01-Jun-2020 Mplus Market Pulse - 1 Jun 2020
01-Jun-2020 Bumi Armada - Sailing Into FY20 on Solid Footing
01-Jun-2020 Bumi Armada Bhd - Stable Operations, Despite Impairments
01-Jun-2020 Bumi Armada- Strong Core Profit Masked by OMS Impairment
30-May-2020 [转贴] [BUMI ARMADA BHD:确认船舶减值损失] - James的股票投资James Share Investing
29-May-2020 Bumi Armada- Cautious on further impairments ahead
26-May-2020 【冷眼前辈提到的 ARMADA(5210)可以买入吗?】
22-May-2020 Evening Market Summary - 22 May 2020
20-May-2020 Evening Market Summary - 20 May 2020
19-May-2020 Evening Market Summary - 19 May 2020
18-May-2020 Technical Buy: ARMADA (5210)
15-May-2020 Dialog Group Berhad - 3QFY20 Results Within Expectations
06-May-2020 Oil & Gas - Is the worst over?
28-Apr-2020 Evening Market Summary - 28 Apr 2020
22-Apr-2020 Cautious outlook for oil and gas
22-Apr-2020 Oil & Gas - They Won’t be Paying You to Pump, for Now.
20-Apr-2020 Oil & Gas - A Cut Is Better Than Sitting Idle
16-Apr-2020 PublicInvest Research Headlines - 16 Apr 2020
16-Apr-2020 Mplus Market Pulse - 16 Apr 2020
16-Apr-2020 Bumi Armada - Risks remain despite Armada Sterling charter extension
13-Apr-2020 Oil & Gas - Volatility To Persist
13-Apr-2020 Oil & Gas - OPEC+ Cuts Production – Too Little Too Late?
13-Apr-2020 Oil & Gas - A Cut Is Better Than Sitting Idle
10-Apr-2020 Oil and Gas - Holding Hands for a Further 2 Years
10-Apr-2020 Evening Market Summary - 10 Apr 2020
10-Apr-2020 Oil & Gas - Inadequate Opec+ Cuts But Necessary
09-Apr-2020 Evening Market Summary - 9 Apr 2020
08-Apr-2020 Oil & Gas - Uncertainty Remains
03-Apr-2020 Oil & Gas - Trump bump likely to be temporary
02-Apr-2020 Evening Market Summary - 2 Apr 2020
02-Apr-2020 Oil & Gas - Challenging Volatile Times
31-Mar-2020 Evening Market Summary - 31 Mar 2020
24-Mar-2020 Evening Market Summary - 24 Mar 2020
19-Mar-2020 Evening Market Summary - 19 Mar 2020
18-Mar-2020 Evening Market Summary - 18 Mar 2020
17-Mar-2020 Oil & Gas - Pengerang fire amid movement control order
16-Mar-2020 Evening Market Summary - 16 Mar 2020
10-Mar-2020 Evening Market Summary - 10 Mar 2020
10-Mar-2020 Oil & Gas - Waging a War
10-Mar-2020 Oil & Gas - All-out Price Wars; Sector-wide De-rating
09-Mar-2020 获2.7亿信贷展望不一‧阿玛达仍获加码
09-Mar-2020 Evening Market Summary - 9 Mar 2020
09-Mar-2020 Oil & Gas Sector - Oil Price War Reignited
04-Mar-2020 Oil & Gas - Volatile 4Q performance amid oil price drop
03-Mar-2020 Evening Market Summary - 3 Mar 2020
03-Mar-2020 PublicInvest Research Headlines - 3 Mar 2020
01-Mar-2020 [转贴] [BUMI ARMADA BHD:2019财政年收入减少主要来自OMS部门,这是由于2018年12月在里海完成了LukOil项目所致] - James的股票投资James Share Investing
28-Feb-2020 Bumi Armada Bhd - Dampened by Woodside Court Case
28-Feb-2020 Bumi Armada Berhad - Impairment on Woodside Claims
28-Feb-2020 Bumi Armada Berhad - Earnings Supported by Armada Kraken
28-Feb-2020 Bumi Armada Bhd - Steady Kraken’s Uptime to Drive Profits
28-Feb-2020 Bumi Armada - Sailing Off FY19 a Knot Higher
28-Feb-2020 Bumi Armada - Supported by Improved Kraken Operations
28-Feb-2020 Bumi Armada - Kraken Issue Fully Resolved
27-Feb-2020 Evening Market Summary - 27 Feb 2020
06-Feb-2020 Trading Stocks (mid-day) - Bumi Armada
03-Feb-2020 Evening Market Summary - 3 Feb 2020
31-Jan-2020 Evening Market Summary - 31 Jan 2020
30-Jan-2020 【视频】布米阿马达 股价承压进场良机
29-Jan-2020 Bumi Armada - Loses Case to Woodside
31-Dec-2019 Armada (5210) - Can it reach to the next peak?
26-Dec-2019 Evening Market Summary - 26 Dec 2019
24-Dec-2019 Daily Technical Highlights – (ARMADA, DSONIC)
23-Dec-2019 Technical View - Bumi Armada Bhd (ARMADA, 5210)
23-Dec-2019 Trading Stocks - Bumi Armada
02-Dec-2019 Bumi Armada - Booming Armada
26-Nov-2019 【视频】布米阿马达 业务改善上调目标价
25-Nov-2019 Bumi Armada Berhad - Strong Contribution From Armada Kraken FPSO
25-Nov-2019 Bumi Armada Bhd - Earnings Lifted by Disposal Gains
25-Nov-2019 Bumi Armada Bhd - Earnings Lifted by Disposal Gains
25-Nov-2019 Bumi Armada - Booming Armada
25-Nov-2019 Bumi Armada Berhad - Beating Estimates
25-Nov-2019 Bumi Armada - Results Beat Expectations
25-Nov-2019 Bumi Armada Bhd - Comforted by Kraken’s Recovery
24-Nov-2019 [转贴] [BUMI ARMADA BHD:Armada Kraken FPSO的收入增加,这是由于船舶可用性提高;船舶平均利用率从2019年第二季度的51%提高到2019年第三季度的58%,这是由于该季度出售了某些船舶] - James的股票投资James Share Investing
22-Nov-2019 [转贴] [Facebook live video:浅谈Bumi Armada bhd (Armada) part 2] - James的股票投资James Share Investing
22-Nov-2019 [转贴] [Facebook live video:浅谈Bumi Armada bhd (Armada) Part 1] - James的股票投资James Share Investing
22-Nov-2019 BUMI ARMADA - Seasonally Weaker OSV Vs. Better Kraken Ops in 4Q
21-Nov-2019 Daily Technical Highlights – (EKOVEST, ARMADA)
18-Nov-2019 Trading Stocks - Bumi Armada
12-Nov-2019 Malaysia Labour Market - Unemployment remains steady in September at 3.3%
08-Nov-2019 Stocks on Radar - Bumi Armada (5210)
07-Nov-2019 Evening Market Summary - 7 Nov 2019
04-Nov-2019 Oil & Gas - Take Profits on Strength
24-Oct-2019 Why Bumi Armada drops 17% in a single day
24-Oct-2019 最红之股 – ARMADA(5210)
24-Oct-2019 【视频】布米阿马达 过度抛售被低估
23-Oct-2019 AmInvestment maintains 'buy' call on Bumi Armada, higher SOP fair value
23-Oct-2019 AmInvestment maintains 'buy' call on Bumi Armada, higher SOP fair value
23-Oct-2019 BUMI ARMADA - EnQuest Platform Problems Overblown
22-Oct-2019 Is This The End for Bumi Armada?
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  33 people like this.
 
AnaiAnai uhuk uhuk. lembik lembik pasal oil price lembik again. Bulan depan QR keluar. satu kali kasi keras keras punya. boleh kah.
12/10/2020 1:22 PM
strattegist aiyoooooooo
12/10/2020 1:36 PM
AnaiAnai uhuk uhuk. tenguk harga minyak brent. April to Jun 19.33 to 43.94. Q2 net profit 120mil. Jul to Sept 39.31 to 46.53. Q3 profit should be better than Q2 right. By normal thinking lah. why after Q2 result can up to above 30sen. After Q3 result out should be above 30 right. Why still have seller at 25sen? No common sense kah?
12/10/2020 2:02 PM
strattegist kena kasik urut niiii... aiyoyo
12/10/2020 2:53 PM
SmallFishyy QR haven't out yet. Patience..
12/10/2020 3:37 PM
i3lurker or it might drop below 20 sen
12/10/2020 4:44 PM
AnaiAnai uhuk uhuk. closed red. ini supertanker pakai steam kah. apa sal tak steam one.
12/10/2020 5:28 PM
strattegist aiyooooo... bocor lorrrr
12/10/2020 5:57 PM
Mabel Perhaps this Supertanker needs BioFuel from our Palm Oil Plantations....

Meow
12/10/2020 9:51 PM
lauys96 alamak tomoro drop again
12/10/2020 10:05 PM
AnaiAnai uhuk uhuk. today can green?
13/10/2020 8:34 AM
AnaiAnai uhuk uhuk. closed white. unchanged.
13/10/2020 9:03 PM
CHLEONG888 only will perform after availability of vaccines
14/10/2020 7:37 AM
AnaiAnai uhuk uhuk. today can green?
14/10/2020 8:45 AM
strattegist uuk uuk
14/10/2020 9:28 AM
AnaiAnai uhuk uhuk. steady. maintain. white/green. white/green. white/green
14/10/2020 10:20 AM
strattegist sembelit niii... uuk uuk
14/10/2020 10:50 AM
strattegist haiyaaaaaaa
14/10/2020 1:25 PM
moneycome123456 HL give target price 0.60, why price no up?
14/10/2020 7:22 PM
strattegist aiyoooooo... no need 0.60 laaa... 0.30 also seems very far oredy...

aiyoyo
14/10/2020 8:55 PM
Yu_and_Mee stupid TP of 0.60, i think 0.06 is more reasonable
14/10/2020 9:07 PM
AnaiAnai uhuk uhuk. Oil price not break out above 44. OnG tidur lagi.
14/10/2020 9:32 PM
AnaiAnai uhuk uhuk. closed white. unchanged.
14/10/2020 9:32 PM
JoshuaMS7 oil price up for 2 days about 4% to 43 usd due to US inventory dropping fast!! Today might got show!!
15/10/2020 8:41 AM
AnaiAnai uhuk uhuk. today can green? Brent price above 43 again. Can break out or not? 3rd attempt to break 44.
15/10/2020 8:42 AM
JoshuaMS7 yaya let see tonight EIA inventory report again!! Fundamentally must drop continue only can bring oil price breakeven!!
15/10/2020 9:02 AM
Jojobaa Armada's days of impairments are over, the 300 mil on the OMS is the last one.

With Armada D1 being extended, the next expiry of charter from firmed period is only coming in 2024. Debts are being paid down from its EBITDA of RM1 billion. Debts only increased because USD had appreciated to USD4.40 as at 1st quarter and USD4.28 as at 2nd quarter. RM1.5 billion has been paid, translating to debt paring down of RM250 million a quarter. Enquest, its customer for Kraken has breakeven field of USD10-15 bucks, so they are still above water, and unless oil price plunge below USD10 for prolonged period of time, chances of them terminating is close to zero.

OMS is loss making, but still EBITDA positive. I read somewhere that Armada Constructor and Installer has assumed no jobs till 2022, so any further impairments before then is slim.

Armada will probably make around RM300-400 million a year here onwards. Management is doing the right thing, paring down debt aggressively and maintaining operational consistency.

I am leaning towards AmInvestment and Hong Leong's target price of RM0.50-RM0.60. Over next few quarters, once it makes 2 consecutive quarters of RM80-100 million profit, Koon Yew Yin's followers will buy as it is trading at 5x and meets his golden rule. Debt is not a problem as they are generating substantial EBITDA. Interest rate reduction of 2% also saves Armada RM50 million in interest cost a year.
15/10/2020 2:14 PM
Jojobaa CEO said FPSO is immune to oil price. Why? Because before they commit to a project they screen through the profile of clients and primarily the breakeven cost of oil prices. At USD40, most of its clients are still generating positive EBITDA and profit, with breakeven at USD15 and 27 respectively for Enquest, so no oil price will not pose a serious risk to its FPSO business under current conditions. An oil field is drilled after forecasting for 10 or more years and therefore its clients will continue to drill as long as it is generating positive cash flow. Termination of oil field will leave operators cripple as they cannot produce oil clients has to be severely financially distressed to take this step.
15/10/2020 2:23 PM
Jojobaa Some people are spooked with Maybank's valuation. First we have to understand that Maybank has written off approximately RM10 billion of its extension orderbook. This is a very drastic assumption. The recent extension of Armada TGT1 and Armada D1 has shown that not only will clients extend, they are even extending for longer durations (in the case of Armada D1) as oil field may still be producing robustly. Imagine if you just write off RM10 billion off a company's books. I don't see him doing the same on Yinson's orderbook.

Furthermore, Maybank has put a value of zero on the values of its OMS division. This is also not a fair assumption as its OMS division is still EBITDA positive. If an asset is EBITDA positive, it is still generating cash for its owner. The losses relates to the losses relative to the investment made on the assets but Armada has also been selling its OMS assets at gains (meaning sales price exceed book value).

Maybank has essentially valued Armada as if it is not cash flow positive, in financial distress and is at risk to declare bankrupty. I can assure you if you look at the cash flow statement, Armada has kitchen sunk most if not all its legacy investments and is a healthy company generating enough cash flow to pay off its debts and generate earnings for its shareholders.
15/10/2020 2:29 PM
Jojobaa Last but not least, there is also skepticism with regards for Armada to repay in excess of RM600 million over next 12 months (under current liabilities). Some analysts have reiterated that Armada needs to sell its OMS assets to pay this sum. In my view, selling the OMS assets is only a supplementary action to pay off its debts. Armada is generating RM1 billion per year after interest costs and that will be more than enough to pay RM600 million over the next 12 months.
15/10/2020 2:34 PM
zonefinder Am expecting this mother to jump to 50cts with 2 consecutive +ve qtrs.
15/10/2020 4:36 PM
AnaiAnai uhuk uhuk. white. unchanged. Wait Nov QR.
15/10/2020 5:15 PM
itch Good analysis Jojobaa.

If we are patient, we will be richly rewarded.
15/10/2020 8:25 PM
TAK1 They have been trying to sell oms for the past 2 years without success with annual maintanance cost scrapyard waiting
16/10/2020 4:11 AM
Jojobaa Dear Mr TAK1, for the past 2 years, if you read the annual report, they have disposed off close to 20 OMS vessels, and now they have only circa 35 vessels remaining.

Again, if you read the financial statements, you would have also seen that the OMS division is EBITDA positive, meaning segment results still exceed depreciation charges, so I guess if you look at it objectively, you can bash the OMS for its poor performance. From my point of view, Armada is progressing well IN SPITE OF the annual maintenance cost scrapyard waiting whatever that you just said.
16/10/2020 9:15 AM
Upupshare Jojobaa, the story is different now for 2020 2nd half til 2021. Since MCO there were zero new contract from Petronas and oil majors in Malaysia...lets see how bad the result...
16/10/2020 10:11 AM
Jojobaa Upupshare, Armada's FPSO clients are Eni, Husky, Oil and Gas National Oil Company, Enquest, and Hong Loang Joint Operating Co. They have 0 FPSOs with Petronas, sir.
16/10/2020 10:19 AM
Jojobaa By the way Armada C7 got extended, for another 8 years firm period, so don't quite understand what you mean there were zero new contracts from Petronas and oil majors in Malaysia. None of Armada's FPSO operates in Malaysia.
16/10/2020 10:25 AM
strattegist kejung...sejuk beku
16/10/2020 10:58 AM
AnaiAnai uhuk uhuk. cerita so much also tak jalan. Only QR with another 100mil profit then it will be different story. Stay tune. wait for the outcome in nov.
16/10/2020 11:04 AM
strattegist uuk uuk
16/10/2020 4:06 PM
RJ87 this is a zero sum game...Maybank IB buys heavy on Yinson. If FM comes looking for counters to buy from this sector; ofcos he is gonna say Yinson awesome and Armada lousy.

No need read what IB analyst say la...u take in the facts, we find out what they trying to hide.
Given risk and reward; I personally find armada offer better risk reward than yinson.

Yinson wanna give 300% return. Impossible.
Aramda wanna give 300% return. Sap sap sui. PE 10 on, EPS8 per annum (maintain EPS 2sen per quarter for the rest of 2021. Don't screw up for 1 year. DONE.

Go ask Maybank analyst what does it cost for Yinson to give 300% return?
Maybank analyst will say Armada earnings enough to cover finance cost or not? I can also throwback Yinson's debt isn't low. Maybank will say Yinson's collateralized assets are paying itself. I will say Armada's current high idling assets can also maintain 2sen eps. If can increase idle asset utilization, eps go up to 3-4sen?
16/10/2020 4:26 PM
strattegist uuk uuk
16/10/2020 5:29 PM
AnaiAnai uhuk uhuk. another week nearer to Nov QR date. can green today?
19/10/2020 8:52 AM
TunPika Showtime
19/10/2020 1:15 PM
Lukesharewalker Readied to break out
19/10/2020 3:33 PM
strattegist uuk uuk ler...
19/10/2020 5:24 PM
Mabel Maintain NEUTRAL. Based on the aforementioned points raised, we do not foresee Petronas elevating its upstream capex in the next 6-months. The prospects for upstream services players are still negative. However, most upstream services names have already went through a sizable decline in its share price. The share price of upstream services players like Dayang, Velesto, MMHE are expected to stay muted in the near-term and have fallen within our hold call thresholds.

Our top picks are Bumi Armada (TP: RM0.60, BUY) for its strong FPSO earnings and relative insulation from the volatility in oil prices and Serba (TP: RM2.50; BUY) for its strong recurring income from its O&M segment and large current orderbook backlog of RM18.5bn. We also like PCHEM (TP:RM6.50; BUY) as Petrochemical ASPs have increased due to delays and deferrals of impending petrochemical plant additions and improved demand of plas tics from the healthcare sector.

Source: Hong Leong Investment Bank Research - 14 Oct 2020
19/10/2020 9:36 PM
strattegist aiyoooooooo... uuk uuk
20/10/2020 12:12 PM
AnaiAnai uhuk uhuk. stable.
20/10/2020 2:31 PM


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