https://klse.i3investor.com/web/stock/financial-quarter/7108

sure jatuh before continuing its trend. poor qtr report and sell on news. a good share.

Improved technicals now which overules fundamentals.

Just great!

from past result, only end month will release :(

We have a very unprofessional fellow here who likes attacking people. Without mentioning names, if he owns up to it, he will copy and paste this posting (the usual thing he does to theirs) and then condemn. Too free, and full of hatered, jelousy, malice for he comes here to kill, steal & destroy. Just ignore and let peace prevail as we are all here to learn & invest.

sorry guys i dont understand what is i3licker trying to potray in regards to the stock/market. but, people like nike and the rest (most) are fantastic; it helped boost my morale, kudos.

niki, yes, no impact on announcements yet.

Limited impact on oil prices for now
Opec+ ready to support market stability if needed
PETALING JAYA: The Gaza-based Hamas and Israel conflict that began on Oct 7 should have a limited effect on the disruption of global oil supplies for now, according to CGS-CIMB Research.
The research house said Brent crude futures peaked at just US$88 per barrel on Oct 9, which is lower than the average price of US$92 per barrel for last month.
Saudi Arabia has also announced that it would continue its voluntary one million barrels per day (mbpd) oil production cut into December 2023, with Russia also retaining its crude exports cuts of 0.3 mbpd also into the final month of the year.

Meanwhile, it said floating production storage and offloading (FPSO) companies like Yinson Holdings Bhd and Bumi Armada Bhd are unlikely to see incremental contribution to their earnings in the near-term given the fixed-rate nature of FPSO charters, but could benefit in the long-term from increased capital expenditure by upstream companies.

Reference is made to the announcement made by Bumi Armada Berhad (“Bumi Armada”) on 25 September 2023 on the Akia Production Sharing Contract (“Akia PSC”).

Bumi Armada wishes to announce that in relation to the Akia PSC, its wholly owned subsidiary Armada Akia B.V (“AABV”) (as Operator with 51% participating interest in the Akia PSC) and Pexco Tarakan N.V. (“Pexco”) (with 49% participating interest in the Akia PSC) have entered into a Joint Operating Agreement (“JOA”) forming a joint venture consortium on a 50:50 economic basis.



The JOA is a related party arrangement. Objektif Bersatu Sdn Bhd ("OBSB"), a wholly owned subsidiary of Usaha Tegas Sdn Bhd ("UTSB"), has a direct 34.61% interest in Bumi Armada. Tatparanandam Ananda Krishnan is a major shareholder of Bumi Armada (by virtue of his deemed interest through, inter alia, UTSB and OBSB), and also holds a 100% indirect interest in Pexco. No related party transaction announcement is required to be made by Bumi Armada at this stage as the relevant percentage ratio has not been exceeded.

Jerichom, u r in the wrong forum, can u read english?

something is wrong

where is admin?

i3lurker, plz stop spamming this once used to be decent AD forum; if you want to share, plz share news concerning oil and/or the stock itself.

https://www.thestar.com.my/business/business-news/2023/10/04/bumi-armadas-recovery-on-track#:~:text=PETALING%20JAYA%3A%20CGS%2DCIMB%20Research,the%20United%20Kingdom%20North%20Sea.

https://www.dagangnews.com/article/cgs-cimb-research-jangka-pendapatan-bumi-armada-kembali-pulih-daripada-penutupan-luar-jangka-fpso-kraken-30951

Felix888 has a good sense of humour amidst the turbulene. Likewise, Nickcheong is very assuring & practical and so is risk888 & rohank71; this chat is generally mature :). hold on to your horses; anyway, day traders alike shortsellers should be blamed, causing the wild swings.

0.54 or 0.53 is the price of the past for now

from fred tham newsletter, it will go up today.

tomorrow may go up a bit to end the week higher.

just look at your previous targets for this year. when it was going up, u made a TP of only 0.19 cents while it spirralled to 0.28. care to explain yourself, kenanga?

ya juz wonder who r those fools who are selling with maddogs, depressing the prices or they know something we dun know like poorer than expected qtr rpt? all due to tns kenanga & hlb that syndicates used as a vessel to depress the share.

We also maintain our TP of RM0.19 based on 15x FY24F PER. This is in-line with ascribed valuations for local-centric service providers within our coverage (i.e. DAYANG). There is no adjustment to our TP based on ESG given a 3-star rating as appraised by us (see page 4).

We prefer to avoid VELESTO due to: (i) costs inflation may lead to margin pressure arising from higher manpower and materials costs, (ii) catalysts have already played out (i.e. rebound in rig fleet utilization and DCRs), and (iii) rising interest rates translate to earnings drag from higher financing costs. Maintain UNDERPERFORM.

something is wrong with this share la. look at its behaviour. false hope

a crazy roller coaster share not for the faint heart in waiting for GE results. plenty of sellers at 0.235/4. seems whatever contract also discounter all because of the tns kenanga & hlb reports keep telling it is overvalued.

seems going down the drain, dont listen to people who give u false hopes. failed to break 0,24 per technical.

wait msia snow la. even now 85, also nothing.

when will result be out?

hopefully la, coz been too long. if it doesnt break 0.24 soon then its a big dissapointment and will spiral down. but given that qtr reporting is otw, there may be some play;tomolo should touch 0.245

felix, r u fund mgr to goreng it? any tips ah

bimb 0.30; the last was 0.28 & hit in feb 23. next target per bimb 0.30

lots of sellers manipulators at 0.235 today.

KOYAK share

those who were caught earlier and share consolidation 10 to 1, must be laughing now breaking even

You buy back higher than 22.5, logic?

can trust this cimb tp, because the last tp of 25c then went to 28 cts. one of the most accurate