[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]

YTD19 vs YTD18:
来自FPO部门的收入增加是由于Armada Kraken FPSO的收入增加，这是由于船舶可用性提高以及根据YTD 2018的第2号修订协议确认了应付给Armada Kraken FPSO的承租人的赔偿金，但被来自在2018年8月签署扩展协议后，于YTD 2019在Armada TGT 1 FPSO上的较低收入所抵消。

布米阿马达在2019年初至今产生了2.95亿令吉的盈利，而YTD 2018的亏损为10.569亿令吉，主要是由于YTD 2018所确认的减值损失。FPO部门的业绩在2019年初至今增加至7.583亿令吉，而YTD 2018为6.48亿令吉，主要是由于Armada Kraken FPSO的贡献增加。

3Q19 vs 2Q19：
集团收入的减少被Armada Kraken FPSO贡献的FPO收入增加所抵消。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。集团在2019年第三季度产生了1.515亿令吉的利润和1.534亿令吉的公司拥有人应占利润，较2019年第二季度增长84％。这主要是由于来自Armada Sterling FPSO和Armada Sterling II FPSO的所占份额业绩增加（因为免税）以及出售合资企业以及物业，厂房和设备的收益所致。

OMS部门的业绩从2019年第二季度的2,250万令吉增加至2019年第三季度的4,580万令吉，这主要是由于2019年第三季度的外汇收益（换算以外币表示的公司间结余所致）。截至2019年9月30日，布米阿马达的总负债为113.013亿令吉，较2018年12月31日减少7％，主要是由于偿还银行借贷以及清算贸易及其他应付账款余额。

前景：
集团继续专注于以下领域，以改善组织的前景：
-公司和运营HSSEQ；
-在整个FPO团队中优化表现；
-减少成本和债务；
-为OMS船只提供租船服务；和
-卖掉资产。
-----------------------------
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 RM1.99 (dividend RM0.025) in 1 year 3 months 10 days, total return is 181.8%

b) PRLEXUS (PROLEXUS BHD), recommended on 25 Aug 19, initial price was RM0.455, rose to RM1.05 in 2 months 26 days, total return is 130.8%

c) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.29 in 10 months 2 days, total return is 124.3%

d) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.46 (dividend RM0.04) in 1 year 4 months 21 days, total return is 88.7%

e) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM2.61 (dividend RM0.01) in 5 months 20 days, total return is 56.9%

f) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.32 (dividends RM0.083) in 1 Year 1 month 15 days, total return is 51.1%

g) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.20 in 11 months 6 days, total return is 50%

h) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.32 (dividend RM0.018) in 10 months 28 days, total return is 38.7%

i) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.69 (dividend RM0.07) in 14 months 30 days, total return is 38.6%

j) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.22 (dividend RM0.22) in 1 Year 1 month 8 days, total return is 29.1%

k) TSH (TSH RESOURCES BHD), recommended on 30 Jun 19, initial price was RM0.90, rose to RM1.13 in 4 months 22 days, total return is 25.6%

l) PESTECH (PESTECH INTERNATIONAL BHD), recommended on 2 Jun 19, initial price was RM1.04, rose to RM1.30 in 5 months 20 days, total return is 25%

m) DESTINI (DESTINI BHD), recommended on 24 Sep 19, initial price was RM0.20, rose to RM0.235 in 1 months 27 days, total return is 17.5%

n) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.72 (dividend RM0.05) in 7 months 29 days, total return is 14.2%

o) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.29 (dividends RM0.111) in 1 Year 3 months 22 days, total return is 11.1%

p) FIAMMA (FIAMMA HOLDINGS BHD), recommended on 23 Sep 18, initial price was RM0.495, rose to RM0.52 (dividend RM0.0225) in 1 year 1 month 30 days, total return is 9.6%

q) STRAITS (STRAITS INTER LOGISTICS BHD), recommended on 28 Jul 19, initial price was RM0.21, rose to RM0.225 in 3 months 22 days, total return is 7.1%

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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11a.m. – 7p.m.，免费茶和咖啡

12月22日星期日：AG Hotel Penang, George Town 2份点心

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2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐

12月21日星期六：AG Hotel Penang, George Town

12月28日星期六：Hotel Sri Petaling, KL

2020年2月23日星期日：Silka Johor Bahru Hotel, Johor Bahru

3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡

12月20日星期五：AG Hotel Penang, George Town 2份点心

12月27日星期五：Hotel Sri Petaling, KL 3份点心

2020年2月21日星期五：Silka Johor Bahru Hotel, Johor Bahru 7份点心

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

请大家来Follow James的Instagram，获取最新的资讯：jamesnginvest

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
----------------------------
[BUMI ARMADA BHD: higher revenue from Armada Kraken FPSO arising from improved vessel availability; vessel average utilisation rates improved from 51% in Q2 2019 to 58% in Q3 2019 due to the disposal of certain vessels during the quarter]

YTD19 vs YTD18:
Revenue from the FPO segment increased due to higher revenue from Armada Kraken FPSO arising from improved vessel availability and recognition of compensation payable to the charterers of Armada Kraken FPSO in accordance with Amendment Agreement No. 2 in YTD 2018, which was offset by decreased revenue from Armada TGT 1 FPSO in YTD 2019 subsequent to the signing of the extension agreement in August 2018.

The Group generated a profit of RM295.0 million for YTD 2019 compared to a loss of RM1,056.9 million for YTD 2018 mainly due to impairment losses recognised in YTD 2018. The FPO segment results increased to RM758.3 million for YTD 2019 as compared to RM648.0 million for YTD 2018 mainly due to higher contribution from Armada Kraken FPSO.

3Q19 vs 2Q19:
The decrease of Group revenue was offset by increased FPO revenue due to higher contribution from Armada Kraken FPSO. Vessel average utilisation rates improved from 51% in Q2 2019 to 58% in Q3 2019 due to the disposal of certain vessels during the quarter. The Group generated a profit of RM151.5 million and a profit attributable to Owners of the Company of RM153.4 million for Q3 2019, which is an improvement of 84% as compared to Q2 2019. This was mainly due to higher share of results from joint ventures in Q3 2019 arising from tax exemptions obtained for Armada Sterling FPSO and Armada Sterling II FPSO and gain on disposal of joint ventures and property, plant and equipment.

The OMS segments result increased to RM45.8 million for Q3 2019 as compared to RM22.5 million for Q2 2019 mainly due to foreign exchange gain in Q3 2019 arising from translation of intercompany balances denominated in foreign currencies. As at 30 September 2019, the Group had total liabilities of RM11,301.3 million, a decrease of 7% compared to 31 December 2018, mainly due to repayment of bank borrowings and settlement of trade and other payables balances.

Prospects:
The Group continues to focus on the following areas to improve the prospects for the organisation:
-Corporate and operational HSSEQ;
-Optimise performance across the FPO fleet;
-Reduction of costs and debt;
-Securing charters for the OMS vessels; and
-Monetisation of assets.
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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