Bursa Malaysia Stock Watch
Bumi Armada: Buy - The Armada strikes back
kltrader
Publish date: Tue, 06 Mar 2012, 09:18 AM
kltrader
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Initiating coverage with a Buy and RM4.88 target price. Bumi Armada (BA) offers a niche exposure to the Floating Production, Storage and Offloading (FPSO) market. As one of the fastest growing FPSO operators in the world, it has set its sights on being the Top 4 player in terms of FPSO fleet size by 2013. It is also poised to gain traction in Malaysia's O&G sector, as it leverages on PETRONAS' capex programme. BA, which is steadfastly building up franchise values, is a steady growth stock with a 3-year net profit CAGR of 25%.
Maybank Research 6 March 2012
Click here for full report
Maybank Research 6 March 2012
Click here for full report
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If the oil price goes up , then Armada will worth more. After USD 200 per barrel, all the whisky companyies will be selling methanol rather whisky. Even now, 30% of the petrol at the pump in US is mixed with special corn oil by law. At USD 200 pb, it would be profitable to produce methanol from all the organic products including all your waste. Afterall, petrol is just C2H5OH and you can produce it from maize, rice, corn , palm oil of course. Do not have to wait 1000 years for it to be buried and liquified.
2012-03-06 12:35
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The world is full of such fascilities. With the slowing economy but growing population, the outlook is neutral.
2012-03-06 10:44