Can you share the report?

Nick. Would there be any charter rate to re-nego for the contract under option to extend

BMI, a subsidiary of Fitch Solutions, expects that as Petronas actively invests in overseas liquefied natural gas (LNG) projects and expands its global LNG portfolio, it will promote further expansion of LNG transactions in the country.

According to a BMI statement, Petronas has invested in the Gladstone project in Australia and the LNG project in Canada, and recently participated in the production sharing contract (PSC) of the Masela oil field with a 15% stake, including the Abadi LNG project in Indonesia.

It is understood that the Indonesian government approved the development plan of Masela in December last year, and Petronas and its partners have not yet made a final investment decision on the Abadi project.

There was also an agreement signed last year with Bumi Armada (ARMADA, 5210, Main Board Energy Stock) and PT Davenergy Mulia Perkasa, the natural gas subsidiary of Indonesia's National Petroleum Corporation (Pertamina), to develop a floating LNG project using feed gas from Madura and surrounding oil fields.

However, BMI said that these investment plans are still in the early stages and have not been further promoted.

However, BMI added that Petronas is looking to enter China and other emerging markets to reduce its reliance on the Japanese market as these emerging markets become increasingly important for it to maintain LNG exports.

"China is now generally considered a fast-growing LNG market, but it still offers significant LNG export opportunities."

As of the end of April, Malaysia's share of China's LNG market is limited, accounting for 11.5% of China's LNG imports, far lower than (32.5%) and Qatar (25.9%).

In addition to China, Petronas has a 15-year long-term contract with Thailand's PTT to supply 1.2 million tonnes of LNG per year.

"As Thailand's demand for LNG grows and PTT is expanding its LNG regasification capacity, this will hopefully increase Petronas' exports to Thailand."

In addition, BMI pointed out that Petronas also exports spot LNG to Taiwan, Bangladesh, Singapore and Pakistan, and Vietnam may become the next target market.

https://www.klsescreener.com/v2/news/view/1358043

UOB analyst is against BAB.

Bumi Armada is pleased to announce that the Armada Sterling V FPSO has completed the necessary acceptance tests and successfully achieved Final Acceptance effective 1 July 2024. The achievement of Final Acceptance signifies the commencement of the firm charter period for the Armada Sterling V FPSO.



As previously announced on 6 May 2019, the vessel charter is for a firm period of nine (9) years, with ONGC having the option to extend for an additional seven (7) years, on a yearly basis.

If its acquire by MISC bcos its means value accretion to them

The offer if any to shareholders likely to be at the range of 85 to 90c

Nik. This above is the key take away. Other written in the edge paper merely on bab info.

https://www.klsescreener.com/v2/news/view/1354143

Accroding to the edge misc could take a substantial stake of armada

Nik. May I know the prospect in Almaty?

For UOB Kay Hian, Yinson’s new projects are coming into FY2025 earnings horizon, including two Brazil floating production storage and offloading vessels and the Matarani Solar project at its non-oil-and-gas segment.

However, “accounting distortion is growing alongside its leverage, and both may confuse investors and prolong the stock’s hefty trading discount,” the research house said, flagging “messy and confusing” finance lease disclosure to its true financial and leverage ratios.

Yinson’s measure of leverage in terms of net debt to cash flow was four times, though the ratio would rise to seven times based on the International Financial Reporting Standards disclosure, UOB Kay Hian noted. “For this to work, in our view, Yinson must adopt directional reporting,” the house said.

Their FYE in March

20K by Dec 2024 and 45K by March 2025

https://youtu.be/xCxZii17Xzw?si=c8TzBny2_3cwfcbb

Thanks nik. Looking forward of ur input. I hold quite substantial of bab shares

Transition stratergy also under deveopment

Yes. The biz part has been down in last 2 weeks. Infos not available

He just exercise the shares approved by the Board including PNB. So nothing to bother.

Nik. What would be the contract value for this type oF PROJECT

Iccsc membership for indo ccs market

Opportunities in 2024 are excellent. Multiple fpso projects are available but we prudent and projects need strong commercial fundamental.

True.

Bab did not reach a final agreement on the cameia fpso contract despite being chosen as the preferred bidder
Disappointed but prudent not to move forward on the project because costs and risks were high and potential returns low

I think is a good move

https://www.ogv.energy/news-item/ongc-awards-contracts-for-flagship-block-in-the-krishna-godavari-basin

https://www.upstreamonline.com/field-development/mcdermott-completes-float-over-installation-for-huge-asian-offshore-facility/2-1-1633476

https://www.bfm.my/podcast/morning-run/the-breakfast-grille/mynews-profitable-growth-first-second-quarter-earnings

https://www.energyvoice.com/oilandgas/551730/waldorf-prodution-no-comment-on-liquidity-woes/

https://www.energyvoice.com/oilandgas/551730/waldorf-prodution-no-comment-on-liquidity-woes/

Nik. I think its still managable given that the JV only 1/4 even if the field is to be liquidated

https://www.ogv.energy/news-item/enquest-to-drill-biggest-north-sea-oil-field-in-20-years

https://www.telegraph.co.uk/business/2024/04/09/biggest-north-sea-oil-find-in-decades-drilled-first-time/

YTD net bought of RM80M+ from FF

Nik. I thought in the link. Potential extension to 5 years?

5G + AI

Yes. And silicon photonic for optical tranc
Advanced packaging tru stacked die for memory

Recovery to pre-Covid-19 profit levels achievable by FY10/26F We see Mynews at an inflection point, with its food processing centre (FPC) currently operating at 70% utilisation, which is close to breakeven. Management also guided that it has managed to reduce food wastage from its FPC to be in line with the industry average. With the focus on expanding its store footprint by another 80-100 stores in FY24F, we expect Mynews’s revenue to grow by 14.5% yoy in FY24F. This is reflective of our overall constructive view on private consumption trends into 2024F, as articulated below. We believe the higher store openings in FY24F compared to FY23 should drive up utilisation of its FPC, gradually lifting gross margins back to 37%, last seen in FY17, and help Mynews return to profitability in FY24F. We expect FY25F and FY26F core net profit to jump 66.9% and 70.8%, respectively, to reach pre-Covid-19 highs of RM31m by FY26F.

From CIMB

If BAB can get 1 Big and 1 small projects. I think CIMB will give a good TP and lower the Beta from 1.5x also will translate to high TP.

https://www.upstreamonline.com/field-development/indias-ongc-starts-bid-battle-for-much-delayed-contract-at-flagship-deepwater-asset/2-1-1616393

Bcos of low value og gas?

The report available here

https://www.bursamarketplace.com/mkt/tools/research

Foreign shareholdings now increase to 15%

Likely leakage of info in website

Wow...look like big project underway

Nik. Appreciate if you could update us the navigator QR update

ESG score of 58 – based on our assessment Our assessment of BArmada’s overall ESG score, under our proprietary ESG scoring methodology, is 58 (out of 100), making its ESG rating above average, in our view. BArmada has good disclosures but we think that more can be done in regards to its policies towards meeting its ESG goals. We maintain our BUY call on BArmada with an unchanged SOP-based TP of MYR0.66. Room for improvement in quantitative parameters We strongly believe that BArmada can improve in the following aspects: i) NOx emission; ii) SOx emission; and iii) implementing ways to introduce renewable energy into its source of energy mix. However, we highlight that BArmada has shown decent improvement over the years in: i) number of spills released to sea; ii) electricity consumption intensity; iii) GHG intensity; iv) the composition of women in senior management; and v) the number of training hours per employee. Good qualitative scoring and targets Although BArmada does not follow the Task Force on Climate-Related Financial Disclosures (TCFD) framework for ESG reporting, there are proper ESG policies in place – and, they are led by a standalone sustainability committee. BArmada has established an ESG framework, aligned with the relevant UNSDG Sustainability Development Goals 2030. The group goes the extra mile and makes sure that water is treated before being released back to sea. BArmada uses more carbon-friendly machineries to reduce its carbon emissions. All the vessels that produces waste are ensured to have been managed responsibly and is managed in compliance with the requirements under MARPOL. Also, BArmada has pledged its Net Zero Carbon Emission target by 2050. Expecting record high core net profit in FY24E With Kraken back to status quo operations and our expectations of BBC recognition for its 30%-owned Armada Sterling V FPSO beginning Apr 2024, we forecast a record-high core net profit of MYR853m in FY24E, which translates into a strong 29% YoY growth.

Mbb

Nik. What is the link about?

Purging the balance sheet. 2024 will be a good yeae for shareholder.

Look like madura FLNG will be finailized anytime this year.