Shpok, where r u? How many shares u holding now?

So next target is 0.46

Bumi Armada may trend higher after it breached above the MYR0.355 threshold. This can be viewed as a continuation of the bulls extending the rebound from 3 Oct’s “Bullish Engulfing” pattern. A positive bias may emerge above the MYR0.355 level, with an exit set below the MYR0.30 threshold. Towards the upside, the immediate resistance is at the MYR0.41 level. This is followed by the MYR0.46 mark.

Source: RHB Securities Research - 10 Oct 2019

Anyway, just focus on hwangaffin target price 0.45

I think aminvest will sell at 0.42 tomorrow because they set the 0.42 as their target price whereas hlb giving 0.44 n hwangaffin 0.45.

But aminvest is using EPF account to trade

Tomorrow strategy is buy on dips again

Actually Armada operator should quickly push higher to maybe 0 46, for shorties to buy back their shares, because current price of 0.415 still not far away actually from their shorting price

Let's see how much is the real sell queues tomorrow morning

Total actual sell queues only 30m shares nort 40m, because 10mil is by me, n will be carried forward to tomorrow

Aminvest: 0.42

We maintain OVERWEIGHT on the sector as prospects have begun to brighten with rising asset utilization globally which supported service providers’ improving results. While we have BUY calls for Bumi Armada, MISC, Sapura Energy and Velesto Energy, our top picks are still companies with stable and recurring earnings such as Serba Dinamik and Dialog Group. We like the recurring income business model of Dialog and Serba Dinamik, which are involved in operation and maintenance services while Dialog’s earnings visibility is further secured by the Pengerang Deepwater Terminal project with its enlarged buffer zone. As Bumi Armada’s share price has risen by 50% since our recommendation upgrade last month, we have raised its fair value further to RM0.42/share, further reducing our sum-of-parts discount of 20%

HLB: 0.44

Maintain BUY, with a higher TP: RM0.44. We are keeping our BUY rating on the stock with higher SOP-driven TP of RM0.44/share (from RM0.34 previously). This is premised upon (i) the incorporation of the ONGC Kakinada 98/2 FPSO to our SOP (+RM0.05); assuming firm and extension period, 6.1% WACC, capex of USD1bn and 80:20 debt equity funding structure and (ii) updating net debt figures from FY18 to 1H19. Our TP of RM0.44 has an implied FY19 P/E of 10.5x and FY19 P/B of 0.7x. Downside risk to our call would be earnings disappointment arising from Kraken operations and significant highly dilutive cash calls.

HwangAffin: 0.45

We make no changes to our earnings forecasts due to a lack of details on the incremental interest cost, but raise our SOTP-based target price to RM0.45 (from RM0.34) after incorporating a lower WACC of 6.5% (from 7.3%) to reflect lower stock volatility, in view of the improving business outlook. Our revised target price implies a 8x FY20 PER, in line with the preKraken impairment valuation in 2018. Downside risks include weaker-thanexpected OSV fleet utilization, continual late deployment of subsea vessels and termination of existing FPSO contracts.

Today closing 0.43 hopefully

If today can close at 0.43 I'm happy enough

Impossible will up 6cents in aday

The way it up, very hard to up 3cents in one day already

Shorties are our enemies here, lets beat them down

Most important is to break 0.405, as resistance is 0.405

Bought 760k shares at 0.395, no contra, will wait till next quarter result

When we all think that it will break, but it won't break, but when we all think that it won't break then it will break

Shorties working very hard to prevent it cross over 0.40

Seems like very hard to cross over 0.40

Out of 22.36mil sell queues, only 18mil sell queue is real only

So strategy today is buy on dip or buy at 0.385, or even 0.39, still very undervalued

This counter is really good to buy on dip

But don't ever listen to kenanga and public bank, especially kenanga, which is the lousiest one, 0.20? Kenanga giving 0.40 and more for sapura, but already one year, couldn't achieve

Anyway, the recent analysts giving the below fair value:

Aminvest:

We maintain OVERWEIGHT on the sector as prospects have begun to brighten with rising asset utilization globally which supported service providers’ improving results. While we have BUY calls for Bumi Armada, MISC, Sapura Energy and Velesto Energy, our top picks are still companies with stable and recurring earnings such as Serba Dinamik and Dialog Group. We like the recurring income business model of Dialog and Serba Dinamik, which are involved in operation and maintenance services while Dialog’s earnings visibility is further secured by the Pengerang Deepwater Terminal project with its enlarged buffer zone. As Bumi Armada’s share price has risen by 50% since our recommendation upgrade last month, we have raised its fair value further to RM0.42/share, further reducing our sum-of-parts discount of 20%

HLB:

Maintain BUY, with a higher TP: RM0.44. We are keeping our BUY rating on the stock with higher SOP-driven TP of RM0.44/share (from RM0.34 previously). This is premised upon (i) the incorporation of the ONGC Kakinada 98/2 FPSO to our SOP (+RM0.05); assuming firm and extension period, 6.1% WACC, capex of USD1bn and 80:20 debt equity funding structure and (ii) updating net debt figures from FY18 to 1H19. Our TP of RM0.44 has an implied FY19 P/E of 10.5x and FY19 P/B of 0.7x. Downside risk to our call would be earnings disappointment arising from Kraken operations and significant highly dilutive cash calls.

HwangAffin:

We make no changes to our earnings forecasts due to a lack of details on the incremental interest cost, but raise our SOTP-based target price to RM0.45 (from RM0.34) after incorporating a lower WACC of 6.5% (from 7.3%) to reflect lower stock volatility, in view of the improving business outlook. Our revised target price implies a 8x FY20 PER, in line with the preKraken impairment valuation in 2018. Downside risks include weaker-thanexpected OSV fleet utilization, continual late deployment of subsea vessels and termination of existing FPSO contracts.

Fair value is 0.57-0.58 la, current price is still super undervalued now la

Apanama is a loser, no share, talker :)

Skychan, where r u? Please keep barking and bite this apanama

Armada operator very stingy, if up also not up 6cents in a day

Michale, just email to KYY la if u want, he sure will buy alot of Armada shares one

When up, it's taking soooooo long time

Armada when down, 2 days settled

Armada goes up very slow

It's true, seems like for Armada, it's very difficult for it to go up like that

Dufu is actually about the same with penta, last time the penta CEO CE chuah told me they were doing the corporate exercise, the price only 0.20, it's just few years , up to 4.5 now

I was regret I didn't buy even though ce chuah gave me hints that to buy

Wow, Dufu really up from 0.16 to 4.00 in 5 years time

I think if wait for next two quarters, will be back to 0.70

So far 3 banks giving the below valuations are quite fair:

1. Aminvest 0.43
2. HLB 0.44
3. Hwangaffin 0.45

If Armada operator not push it up, external group will keep buying it up also

Oil price up almost 3%

Good news, trump suspends the new tariff which is supposed to commence on 15 October 2019

https://www.bbc.com/news/amp/business-50020574

Djia big up, oil price big up

Learn from mikekim, be gentlemen, n low profile

There are many others either making big n losing big money siliently

RJ, advise you don't be so arrogant

Erm, seems like very positive

Further to the announcement made on 26 September 2019, Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that its wholly-owned subsidiary, Armada Floating Gas Storage Malta Ltd. ("AFGSM"), has entered into a 6-year term loan facility of USD45 million (RM189 million) from Mezzanine Equities N.V., a wholly-owned subsidiary of Usaha Tegas Sdn. Bhd.



The security for the Facility is the standard security package for this type of project financing facility which includes a first ranking asset security, a first ranking mortgage over the floating storage unit operating in Malta (“Malta FSU”), a charge over shares and bank accounts of AFGSM, and an assignment over AFGSM’s rights under the Malta FSU charter contract.

26.9.2019 about today announcement:

Information on the AFGSM Facility



The AFGSM Facility is intended for the refinancing of AFGSM’s existing USD45 million bridge loan facility for the Malta FSU and is expected to require security over certain project assets, including a mortgage over the Malta FSU and an assignment over AFGSM’s rights under the Malta FSU charter contract. A further announcement will be made upon AFGSM and MENV concluding the definitive financing and security documents for the AFGSM Facility.

Shpok, total how many shares u holding now?