Cameia FPSO already in the pocket. Just wait for the official announcement.

He went for toilet break. Wait lah, don't need kancheong.

Steady Bom bi bi.

Short term adjustment is unavoidable. Mid term is up trend.

Long term forget about it, don't fall in love with goreng counter.

Be realistic. No new contract announcement how to break the previous high? Ask the management quickly settle the tenancy agreements and make announcement. One month one announcement is good enough to push the price above 0.40.

The followed by good quarter results announcement in May.

Prefect scenario to push the price back to it`s glory days.

Don't stop captain, full speed all the way!

Good stock don't need to worry people cruising still the price going up.

Camera FPSO EPCIC project is a good project for Armada. The risk is much lower, no need worry about capital and funding. Build it and collect money. Start printing money from the project phases. Unlike other projects waiting for 1st oil only start printing money.

No syndicate come and goreng the counter, share price will be flat or going down.

Syndicate`s success is depending on bilis. Bilis happily put the their head inside crocodile's jaw, finding food in between crocodile`s teeth. This is the national geography scene in share market.

So fast already closed the gap down last week. Now have to climb back the previous peak.

Uncle I3Iurker your curse does not work for Armada. This supertanker going to break 5 years high soon.

Don`t just look at technical chart and forget about sentiment factor in stock market. Sometimes you have to learn from young people :D.

I queue sell at 0.295 first.

https://www.nst.com.my/business/2023/03/886252/velesto-energy-post-strong-earnings-revised-charter-rates-existing-contracts

See just goreng the same overnight rice in the fridge. The fried rice looks delicious now compare to last week.

The bilis now are `smarter` bilis. They are educated and receiving latest information on stock market.

They don't jump in just based on rumours like "my relative said who who who going to goreng this stock". They jump in are based on information collected from social media, traditional media , sifu sifu and IB.

So the syndicates have to feed bilis with information, painting a good future for the company, asking sifu sifu to push a little bit, IB also playing their role to push.

Goreng stock also needs a good future story line. Look at glove stocks goreng were based on future ASP price hike and demand. Technology stocks flying because of semiconductor boom and electric car outlook.

Same for Velesto outlook for new contracts and higher daily charter rate. This is the *fundamental* or the base for goreng.

Remember this is goreng stock don't fall in love with goreng stock. Especially thus management only can make money during a super good time. Normal days they keep posting lousy results.

So Michael did you bought back at 0.18 or you chicken out when saw the falling knife?

Where is this Mabel cat? Lost all her panties in Serba Dynamik? She sold her Armada supertanker already?

My English not so good. Could someone explain what does the statement below mean?

"the French supermajor determined to only sanction developments that are “resilient” to oil prices under $20 per barrel, have a breakeven cost of less than $30 per barrel and whose emissions are below 19 kilograms per barrel."

Apa benda dia cakap?

Long time no see paktua73, Tut Tut!
You showing face here meaning got something big coming. Tut tut!

Congratulations for thus who sapu below 0.19!

When market is hot, sell some. When it dropped buy back. No one knows how long this rally will last. Just prepare for the worst and be optimistic on the future of this company.

OK sold some at 0.69. Just in case the price adjustment.

Continue support BA guys!

I will let go some near 0.69 but still keeping the balance to the peak.

Rasa rasa boleh pecah 0.70. Mantap guys!

Is SOP price now is a good price to enter? Financial result is good why share price going down?

If you strictly follow IB you die faster. IB follows the wing follow only.

Kenanga sell call when Velesto was trading at 0.085. Ask people sell shares to them. Then after some contracts awarded keep buy call until recently sell call again.

You see lah, if next quarter good results or new contract awarded, they buy call again.

You sell to them at 0.18, next quarter price up to 0.30 then you knocking your balls.

Hey Armada is coming. Check out Armada.

Look at Yinson agogo FPSO timeline.

Yinson emerged as the frontrunner for Agogo FPSO in September 2022.

Yinson enter into agreement phase for Agogo FPSO in Dec, 2022.

Yinson inked the agreement 2 days ago in February, 2023.

Armada enter into Camaie FPSO frontrunner in Sept, 2022. So is about the time for agreement preparation. Insiders may already involved in agreement negotiations.

High volume, close high. Very good sign for short term guys.

Niki, I have a good feeling on 1) Award of Cameia FPSO contract.
The is a game changer for Armada`s outlook.

Good analysis SinGor!

Bro Macgyver, I'm not comparing MYEG business model VS Velesto.

I just use MYEG recent incidents as a reference. MYEG recovered some lost ground not going deeper.

Uncles and Aunties no one knows when is the peak and when is the bottom.

Example you bought 200k shares at 0.160, when price went up to 0.28 you sell 100K and keep another 100k.

When the price dropped, you ma buy back 100K at lower price lah.

Post removed.Why?

Ini lah perangai bills. Bila harga melonjat tinggi dia rasa murah masuk masuk. Bila harga durian runtuh dia cut lost kata mahal, nak murah lagi. Ini lah selalu kena cuci bersih.

Today BA got power!

Copy and paste from HLG report, the TP price 0.87 was calculated based on PE 6.0X, imagine if market revalue this stock at PE 15X, nothing is impossible:

Bumi Armada - Ending the Year FY22 With a Bang

Armada posted a record-high quarter in 4Q22 with a core net profit of RM222.7m (+7% QoQ, +69% YoY), bringing FY22 core earnings to RM827.9m (+26% YoY). The results came in within our expectations (101%) but beat consensus (107%). We see a vast improvement in its balance sheet with the following highlights: (i) lower net debt of RM4.7bn as at end-4Q22 (from RM5.3bn as at end-3Q22); and (ii) net gearing has declined for the 11th consecutive quarter to 0.9x as at end- 4Q22 from a peak of 2.9x in 1Q20. We maintain our BUY rating with a relatively unchanged TP of RM0.87/share – pegged to a P/E multiple of 6x on revised FY23f earnings, which is at a 40% discount to its peer Yinson’s one -year forward multiple of 10x.

Armada is our top pick for the O&G sector.

Just follow MYEG limit down pattern you should know where and when to pick up.

MYEG was double punched, this Velesto just one slap on the face.

Can't push up then IB choose to push down. Collect more tickets and from the bottom.

The outlook still OK, can continue goreng up with the same story line.

Ikan ikan billis all kena cuci bersih.

Yinson expending too fast. If one of the key project run into problem, the company will be in big problem.

Cannot say Armada is a sunset company. Armada have contracts enough to generating cash for many years. Armada also actively bidding for new opportunities but now she is more selective and more careful on capex.

Anyway new contract award is already in the pipeline. Let's see how market react to it.

Armada financial performance is far more better than Yinson.

Armada generated 1.3 billion cash from operation but Yinson negative cash flow.

Armada profit and revenue is far more impressive than Yinson.

Yinson`s debt 10 billion , Armada just 5 billion.

I don't know why Yinson valuated at PE 17x while Armada is less than PE 5x.

I feel build-own-lease business model the risk to the company is too high. Just like Armada Claire after built the client can just cancel contract anytime without any penalty. Now idle there burning maintenance cost.

Maybe a JV model with the client is a better option. Both own parties the risk and enjoy the profits sharing.

If this other comprehensive lost can be ignored. What the market so panic. Tomorrow I going to buy more.

Other comprehensive lost of RM141 million. Is a lost but not yet realized. Could be the reason for today`s sell down.

The 26 million lost is unexpected but not a big deal.

Is the Foreign currency translation RM 141 million negative something we need to worry?

All freakout because of Pharmaniaga. Different case.

0.185 is a good price to re-enter. The fundamental no change but even better next quater, this is not Pharmaniaga.

Just 26 million lost , that consider normal for Velesto. The outlook still solid .

Only high day rate they able to report profit. The higher day rate is coming next quarter. Just pick up when it drop further.

Hahaha really dramatic QR result. Adjustment is unavoidable.

Hope able to collect back some tickets at lower price.

Full build-own-lease model may require project funding via the rights issue. The risk is high but higher rewards.

The Armada Kraken delay and Armada Claire termination almost caused BA file for bankruptcy in 2019. Better play safe now.