[BUMI ARMADA BHD：Armada Kraken FPSO和Armada Olombendo FPSO的贡献较高]

YTD19 vs YTD18:
布米阿马达YTD 2019盈利为1.435亿令吉，而这公司拥有人应占溢利为1.404亿令吉，而由于YTD 2018确认减值亏损导致亏损为5.435亿令吉。YTD 2019 FPO部门业绩增加至5.322亿令吉，而YTD 2018为4亿5150万令吉，主要是由于Armada Kraken FPSO和Armada Olombendo FPSO的贡献较高。YTD 2019的OMS部门业绩下降至3160万令吉，而YTD 2018则为1.04亿令吉，主要是由于2018年12月在里海的LukOil项目完工。

2Q19 vs 1Q19：
截至2019年6月30日止季度（「2019年第二季度」），布米阿马达产生收入5.356亿令吉，较截至2019年3月31日止季度（「2019年第一季度」）增加4,400万令吉。这一增长主要归因于以下方面：

（a）FPO收入增加主要是由于Armada Kraken FPSO和Armada Olombendo FPSO的贡献增加;和
（b）由于2019年第二季度OSV（2）船舶平均利用率提高至51％，OMS收入增加，而2019年第一季度则为39％。

布米阿马达于2019年第二季度产生盈利8,210万令吉及这公司拥有人应占溢利7,820万令吉，较2019年第一季度分别增长34％及26％。这主要是由于2019年第二季度来自Armada Olombendo FPSO和OSV船只较高的贡献。

FPO部门在2019年第二季度业绩增加至2.785亿令吉，而2019年第一季度为2.537亿令吉，主要是由于Armada Olombendo FPSO在2019年第二季度的贡献高于2019年第一季度。OMS部门的业绩在2019年第二季度增加至2,250万令吉，相比2019年第一季度为900万令吉，主要是由于2019年第二季度OSV船舶平均利用率提高。

前景：
该集团继续关注以下领域，以改善该组织的前景：

- HSSEQ的公司和运营;
- Armada Kraken的表现;
- 减少成本和债务;
- 资产的利润化;和
- 为OMS船舶提供charters。
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James Ng Stock Pick Performance:
Since Recommended Return:

a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.56 (dividend RM0.015) in 1 year 18 days, total return is 120.3%

b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.42 (dividend RM0.04) in 1 year 1 month 27 day, total return is 83.6%

c) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.23 in 8 months 14 days, total return is 53.8%

d) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.67 (dividend RM0.07) in 9 months 12 days, total return is 37%

e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.04 (dividends RM0.063) in 10 months 23 days, total return is 32.3%

f) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.37 in 2 months 26 days, total return is 31.7%

g) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.755 in 7 months 10 days, total return is 31.3%

h) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.28 (dividend RM0.1875) in 10 months 16 days, total return is 30.6%

i) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.25 (dividend RM0.008) in 8 months 7 days, total return is 30.4%

j) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM1.91 (dividend RM0.01) in 2 months 28 days, total return is 15%

k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.40 (dividends RM0.084) in 1 Year 1 month 1 day, total return is 13.2%

l) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.56 (dividends RM0.04) in 10 months 28 days, total return is 11.9%

m) PMETAL (PRESS METAL ALUMINIUM HOLDINGS BHD), recommended on 26 Aug 18, initial price was RM4.78, rose to RM4.92 (dividends RM0.0625) in 1 Year 4 days, total return is 4.2%

我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：

预计公司每年的增长率必须> 14％

我想说服读者学习基本面分析FA以便能从股市赚钱。

我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。

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3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

9月6日星期五：Hotel Sri Petaling, KL 3份点心

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有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
电话/Whatsapp : 011 - 15852043

Facebook Group: https://www.facebook.com/groups/jamesinvesting

这个是我的TELEGRAM Group链接，大家可以在这个Group获知何时做Fb live: https://t.me/joinchat/LhwHNhdU1fDgxrSafTrTiw

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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。

James Ng
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[BUMI ARMADA BHD: higher contribution from Armada Kraken FPSO and Armada Olombendo FPSO]

YTD19 vs YTD18:
The Group generated a profit of RM143.5 million for YTD 2019 and profit attributable to Owners of the Company of RM140.4 million compared to a loss of RM543.5 million due to impairment losses recognised in YTD 2018. The FPO segment results increased to RM532.2 million for YTD 2019 as compared to RM451.5 million for YTD 2018 mainly due to higher contribution from Armada Kraken FPSO and Armada Olombendo FPSO. The OMS segment results decreased to RM31.6 million for YTD 2019 as compared to RM104.0 million for YTD 2018 mainly due to the completion of the LukOil project in the Caspian Sea in December 2018.

2Q19 vs 1Q19:
The Group generated revenue of RM535.6 million for the quarter ended 30 June 2019 (“Q2 2019”), an increase of RM44.0 million compared to the quarter ended 31 March 2019 (“Q1 2019”). This increase was attributed mainly to the following:

(a) FPO revenue increased mainly due to higher contribution from Armada Kraken FPSO and Armada Olombendo FPSO; and
(b) OMS revenue increased due to improved OSV (2) vessel average utilisation rates to 51% in Q2 2019 as compared to 39% in Q1 2019.

The Group generated a profit of RM82.1 million and a profit attributable to Owners of the Company of RM78.2 million for Q2 2019, an improvement by 34% and 26% respectively as compared to Q1 2019. This is mainly due to higher contribution from Armada Olombendo FPSO and OSV vessels in Q2 2019.

The FPO segment results increased to RM278.5 million for Q2 2019 as compared to RM253.7 million for Q1 2019 mainly due to higher contribution from Armada Olombendo FPSO in Q2 2019 compared to Q1 2019. The OMS segments result increased to RM22.5 million for Q2 2019 as compared to RM9.0 million for Q1 2019 mainly due to improved OSV vessel average utilisation rates in Q2 2019.

Prospects:
The Group continues to focus on the following areas to improve the prospects for the organisation:

-Corporate and operational HSSEQ;
-Performance of Armada Kraken;
-Reduction of costs and debt;
-Monetisation of assets; and
-Securing charters for the OMS vessels.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:

the forecasted growth of a company must > 14% per year

I wish to convince readers to learn FA in order to make money from stock market.

I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.

This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.

James Ng