Book value is the value of a company’s assets minus its liabilities, as reported on its balance sheet. Book value can be used to measure the net worth of a company, or to compare its market value with its intrinsic value.

However, book value may not always reflect the true or fair value of a company, because it is based on historical costs and accounting methods, which may not capture the current market conditions or the future growth prospects of the company.

Therefore, some traders and investors may rely on book value as a valuation metric, but they may find out that the book value is either inflated or deflated, and that the company is either overvalued or undervalued by the market.

As a trader/investor as long as your P&L is positive, there is nothing to fear.

Maybank give a TP of RM 1.01
In December 2024 HLIB has revised its target price to RM1.40, citing a robust recovery in the aviation sector.

Today our Minister also said "Aviation industry to see robust growth in 2024"

That is good enough for Mabel, so apy that every wang can now fly to meet their loves one this cuming Year of the Dragon..

Captain Mabel Meow

Negative equity can occur for various reasons, such as a decline in the asset’s value, an increase in the debt’s value, or a combination of both. Negative equity can have negative consequences, such as reducing the net worth of the owner, limiting the ability to borrow more money, or increasing the risk of default or foreclosure.

However, negative equity can also have positive effects, such as lowering the tax liability of the owner, increasing the cash flow of the owner, or creating an opportunity for refinancing or restructuring. Different markets in Asia may have different views and attitudes toward negative equity, depending on their economic, legal, and cultural factors.

Some markets may be more tolerant and supportive of negative equity, while others may be more cautious and critical of negative equity.

For me, CapitalA rise to occasion to meet the national agenda..

What is important is that you all analyze yourself and determine your risk and reward. Risk and reward are two important concepts in investing that measure the potential loss and gain of an investment. Risk and reward are usually inversely related, which means that higher risk investments tend to offer higher rewards, and vice versa.

Different investors have different risk appetites and return expectations, depending on their goals, time horizon, and personal preferences. Therefore, it is important for each investor to analyze their own situation and choose the investments that suit their risk and reward profile.

Some sources suggest that Domino’s Pizza is a high-risk, high-reward investment, because it has a high valuation, a high debt level, and a high growth potential.

Some sources also suggest that CapitalA is a high-risk, high-reward investment, because it is a venture capital firm that invests in early-stage startups that have a high failure rate, but also a high upside potential

It's all about making choices..

Haha It is true what geary said that Domino’s Pizza has negative shareholder equity for years. Shareholder equity is the difference between total assets and total liabilities. Negative shareholder equity means that the company owes more than it owns. This can happen when a company borrows a lot of money to finance its operations, such as share buybacks and dividends. Domino’s Pizza has been doing this for a long time, and as a result, its total debt has increased from $1.5 billion in 2014 to 3.68 billion in the trailing 12months. Its shareholder equity has decreased from -0.26 billion in 2014 to $-4.85 billion in the trailing 12 months

It is also true that Domino’s Pizza has a high market value despite its negative shareholder equity. Market value is the current price of the company’s shares multiplied by the number of shares outstanding. Market value reflects the expectations and sentiments of the investors about the company’s future performance and growth potential. Domino’s Pizza has a high market value because it has been growing its revenue, earnings, and free cash flow consistently over the years. It has also been expanding its global presence and increasing its market share in the pizza industry. Domino’s Pizza has a market cap of $14.37 billion as of January 2024, which is about 3 times its annual revenue of $4.54 billion. Its share price is 412.23 as of January2024, which is about 3.5 times its book value per share of-118.74

It is also true that Domino’s Pizza has positive free cash flow for years. Free cash flow is the amount of cash that a company generates from its operations after deducting the capital expenditures. Free cash flow is an important indicator of a company’s financial health and profitability. It shows how much cash a company has left to invest in growth, pay dividends, or reduce debt. Domino’s Pizza has positive free cash flow because it has a high operating margin and a low capital intensity. It does not need to spend a lot of money on building or maintaining its stores, as most of its sales come from delivery and carryout. Domino’s Pizza has a free cash flow of $362.86 million for the quarter ending September 30, 2023, which is a year-over-year increase. Its free cash flow for the trailing 12 months is $1.06 billion, which is also a year-over-year increase..

So it is naturally true when Anthony said that now everyone can fly home for reunion this cuming Year of the Dragon..

Thank you so much Magician Tony...

Meow Meow Meow

What do you call a fish wearing a bowtie?

Sofishticated.

Now Every Wang can fly home for reunion this cuming Year of the Dragon..

CapitalA make it so affordable with its Sofishticated Magician

What do you get when you cross CapitalA and Domino?

A venture capital firm that invests in pizza startups, but always rise for the domino effect.

Haha geary no wonder Domino pizza taste soooo delicious

Yummy..

The Return Trends At Singapore Airlines (SGX:C6L) Look Promising

Aviation industry to see robust growth in 2024, says Loke..

Haha CapitalA so power mah...today up by 1.22%..hihihi

Wah....
Wah....
Wah....

Mabel still shivering...hihihi...

Very good closing at 5.5 sen..

So nice...

CapitalA will release its 4QF23 Reports on 28 Feb 2024, according to its financial calendar..

Hope it will be a handsome boy like Tony...

Meow

Wow Gamuda so power today..

#Windy1974 i made below speculations in Sept. Let me add some more speculations. All are speculations
1. Sapura don't have to sell OMV to raise cash
2. Sapura will pay all suppliers verified
3. Sapura out of PN17 within next 3 months (according to tukang tilik i consulted)
All above are pure speculations i come up with

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

2023-09-01 22:33 | Report Abuse

Let me make a speculation on how the PN17 could be lifted. The banks (borrowers) would take a hair cut of 80% debts and will be paid in Sapura new shares at minimum 0.10 per share. With this, Sapura won't be burdened by the hefty interests every month. Thereafter, a white knight would inject cash into Sapura. This will help Sapura pays the vendors and cash flow for existing and future projects. Without monthly interests, Sapura could make up to RM1Billion per year. That's in the best interests of borrowers and all stake holders. Sapura will be profitable with current top managements
03/01/2024 9:02 PM

Thank you Windy

Mabel loves it..

Meow Meow Meow

TalkNumberOne Mabel I am shivering now, since siao lang hiding in neighbour old Wong closet not making noise.
03/01/2024 7:17 PM

Haha Mabel also shivering...hihihi..

Commodity Roundup: Gold, oil dips ahead of Fed minutes; UBS sees Brent in $80–90 range

Meow Meow Meow

Still good for both companies..

CapitalA is up by 1.23% while Sap is down by 9%

Still positive on both P&L...

Meow

So nice..CapitalA is up by 1.23%..82.5 sen is a good closing..

So apy..

https://www.upstreamonline.com/exclusive/saudi-aramco-poised-to-award-multibillion-dollar-deals-for-world-s-largest-offshore-oilfield/2-1-1577079

Perhaps this could be the cause..

Meow

Question?

Why did Sapnrg and CapitalA merge?

Because they both wanted to go down into history to exit PN17 in 2024..

The new year is coming, full of hope and promise
Mabel Malaysia is ready to shine with her greatness

Twelve handsome princes, each with a sector to lead
They will work hard and smart, to meet the needs of the country

Sapnrg, one of the two PN17 companies that Mabel will help
It has been given an extension of time to submit a restructuring plan

Great progress with third consecutive gain with restructuring plan to exit PN17 on track. Two good news delayed Sapura to exit PN17; SapuraOmv and White Knight sales

Capital A, the second PN17 company that Mabel will also help
2023 is a great year for our CapitalA as it has been reporting narrower and narrower losses. 2024 will be better...

The one-hour flight between Singapore and Kuala Lumpur in Malaysia is the World busiest international route this year, showing the scale of Asia's post-Covid-19 travel recovery.

With 3 International Awards, it is a 150% Success Rate for Mabel Airlines to help everyone fly with CapitalA which continues to be named the World's Best Low Cost Airline in 2023 for 14X!

Twelve handsome princes, with their vision and mission
They will dance the night away with the beautiful sisters from Temasek, in celebration of cooperation

Yes lah, Mabel will be dancing the night away in 2024

https://www.youtube.com/watch?v=hCLkVrp_4CE

Happy New Year Every One !

Question?

Why did Sapnrg and CapitalA merge?

Because they both wanted to go down into history to exit PN17 in 2024..

The new year is coming, full of hope and promise
Mabel Malaysia is ready to shine with her greatness

Twelve handsome princes, each with a sector to lead
They will work hard and smart, to meet the needs of the country

Sapnrg, one of the two PN17 companies that Mabel will help
It has been given an extension of time to submit a restructuring plan

Great progress with third consecutive gain with restructuring plan to exit PN17 on track. Two good news delayed Sapura to exit PN17; SapuraOmv and White Knight sales

Capital A, the second PN17 company that Mabel will also help
2023 is a great year for our CapitalA as it has been reporting narrower and narrower losses. 2024 will be better...

The one-hour flight between Singapore and Kuala Lumpur in Malaysia is the World busiest international route this year, showing the scale of Asia's post-Covid-19 travel recovery.

With 3 International Awards, it is a 150% Success Rate for Mabel Airlines to help everyone fly with CapitalA which continues to be named the World's Best Low Cost Airline in 2023 for 14X!

Twelve handsome princes, with their vision and mission
They will dance the night away with the beautiful sisters from Temasek, in celebration of cooperation

Yes lah, Mabel will be dancing the night away in 2024

https://www.youtube.com/watch?v=hCLkVrp_4CE

Happy New Year Every One !

Haha Thank you so much Uncles and Aunties for selling Mabel at 81.5 sen..

Happy New Year..

Meow

Michael Kwok The big meow,meow is on sap.so long.do anwar will restructure sapura as promise in the debate years ago.
2/1/23 8.45am
02/01/2024 8:45 AM

Haha today all across Asia are having period..

Lady Sapnrg is so steady..

You believe in PMX?

Meow

Haha today all across Asia are having period..

CapitalA is so steady..

Our Smart Magician knows...

Buy and hold investors can easily get wiped out in a crash, and it takes years to recover..

It's all about managing expectation, the rest is technology..

Meow

Changes is always good. Mabel changed her General all the times..hihihi..

https://www.youtube.com/watch?v=C0EYKxF1oTI

Haha Mabel recon at about this time in 2024, everyone will be asking this question…hihihi..

To Our Success!!!

Captain Mabel Meow

https://www.youtube.com/watch?v=C0EYKxF1oTI

Haha Mabel recon at about this time in 2024, everyone will be asking this question…hihihi..

To Our Success!!!

Captain Mabel Meow

Question?

Why did Sapnrg and CapitalA merge?

Because they both wanted to go down into history to exit PN17 in 2024..

The new year is coming, full of hope and promise
Mabel Malaysia is ready to shine with her greatness

Twelve handsome princes, each with a sector to lead
They will work hard and smart, to meet the needs of the country

Sapnrg, one of the two PN17 companies that Mabel will help
It has been given an extension of time to submit a restructuring plan

Great progress with third consecutive gain with restructuring plan to exit PN17 on track. Two good news delayed Sapura to exit PN17; SapuraOmv and White Knight sales

Capital A, the second PN17 company that Mabel will also help
2023 is a great year for our CapitalA as it has been reporting narrower and narrower losses. 2024 will be better...

The one-hour flight between Singapore and Kuala Lumpur in Malaysia is the World busiest international route this year, showing the scale of Asia's post-Covid-19 travel recovery.

With 3 International Awards, it is a 150% Success Rate for Mabel Airlines to help everyone fly with CapitalA which continues to be named the World's Best Low Cost Airline in 2023 for 14X!

Twelve handsome princes, with their vision and mission
They will dance the night away with the beautiful sisters from Temasek, in celebration of cooperation

Yes lah, Mabel will be dancing the night away in 2024

https://www.youtube.com/watch?v=hCLkVrp_4CE

Happy New Year Every One !

TalkNumberOne Mabel what about the ugly prince - siao lang? Very important yo, just locate where their sad face and bet against siao lang with confident. It’s a zero sun game, when you bet a against a 100% loser you will be 100% winner
30/12/2023 8:18 AM

Haha Good Morning T#1

Why did the ugly prince always lose his fight against the beautiful princess?

Because he was too busy admiring her beauty to defend himself...hihihi

Meow

*12 Handsome Princes of Malaysia*

A new year is coming, full of hope and promise
Mabel Malaysia is ready to shine with its prowess

Twelve handsome princes, each with a sector to lead
They will work hard and smart, to meet the nation's need

Maybank, CIMB and BIMB, the pillars of finance
They will grow steadily and boost the real estate's chance

Petronas Chemical, Armada and Sapnrg, the stars of energy
They will benefit from the projects of Petronas and the global synergy

Gamuda, Sunway and Sime Darby Property, the builders of the future
They will revive the construction industry with the budget's nurture

KLCC REIT, the owner of the iconic landmarks
It will maintain its performance and dividends, despite the market's quarks

CapitalA, the leader of the aviation sector
It will recover from the pandemic and soar higher than ever

Sime Darby, the champion of the electric vehicles
It will cater to the demand and expand its reach in the region's circles

These twelve handsome princes, with their vision and mission
They will dance the night away with their beautiful sisters from Temasek, in a celebration of collaboration

To Our Success !

Captain Mabel Meow

*12 Handsome Princes of Malaysia*

A new year is coming, full of hope and promise
Mabel Malaysia is ready to shine with its prowess

Twelve handsome princes, each with a sector to lead
They will work hard and smart, to meet the nation's need

Maybank, CIMB and BIMB, the pillars of finance
They will grow steadily and boost the real estate's chance

Petronas Chemical, Armada and Sapnrg, the stars of energy
They will benefit from the projects of Petronas and the global synergy

Gamuda, Sunway and Sime Darby Property, the builders of the future
They will revive the construction industry with the budget's nurture

KLCC REIT, the owner of the iconic landmarks
It will maintain its performance and dividends, despite the market's quarks

CapitalA, the leader of the aviation sector
It will recover from the pandemic and soar higher than ever

Sime Darby, the champion of the electric vehicles
It will cater to the demand and expand its reach in the region's circles

These twelve handsome princes, with their vision and mission
They will dance the night away with their beautiful sisters from Temasek, in a celebration of collaboration

To Our Success!

Captain Mabel Meow

The Grand Duke of the year
Is a force to revere
He rules the energy and fate
Of the zodiac signs and their traits

The year of the Wood Dragon is here
From February to January, he is near
He is Li Cheng, the southeast lord
He favors Southeast Asia, where Mabel should look toward

Meanwhile, Santa had a feast at Wall Street
He told the investors that China is a treat
He said it is undervalued and ripe for growth
He made them hungry for a slice of the dough

But Patton China was not asleep
They had their aircraft carriers ready to sweep
They joined forces with Temasek Princess (Singapore Airlines)
They seized the opportunity with finesse

The Malaya Prince (Capital A) was not in the game
They had other priorities and aims
They helped the flood victims in the East Coast
They showed compassion and kindness the most

To Our Success

Captain Mabel Meow

Stock: [CAPITALA]: CAPITAL A BERHAD

Dec 29, 2023 10:34 AM | Report Abuse

According to Mulan, the Grand Duke, also known as Tai Sui, is a term that refers to the ruling energy of the year in Chinese astrology. It is associated with the orbit of Jupiter, which takes 12 years to complete a cycle. Each year, the Grand Duke occupies a different direction and affects the fortune of different zodiac signs. 2024 is the year of the Wood Dragon, which starts from February 10, 2024, and ends on January 28, 2025. The Grand Duke of 2024 is Li Cheng, who is located at the southeast direction which indicates Southeast Asia is where Mabel should put her attention.

Be mindful of potential challenges like rapid ups and downs and conflicts. Despite hurdles, 2024 promises fulfilment, success, and harmony through leadership and relationship cultivation.

The CapA Fighters will strive in Mentorship, Wealth, Family & Friends, Career, Health & Fitness and Accumulation of Assets.

Happy New Year and to Our Success!

Meow Meow Meow

geary Mabel
Haha Mabel collected more at 82 sen last week...
Some Nice Uncles and Aunties were so kind...
22 hours ago

Okay...Q n add...
@0.82...#5% of our portfolio!🤔🤓
29/12/2023 2:12 PM

Welcome to the Club geary dear.

Now you have already made profits from today's trade..

Cheers!

epal22 Can i ask if sapura is an GLC?
29/12/2023 10:30 AM

Mabel think Sapnrg is a GLC (Government-Linked Company) by virtue since PNB has a Major Stake in this company.

a. GLICs are investment companies that:
➢ Invests on behalf of the public and the Malaysia’s government;
➢ Invests and allocate funds to the GLCs


b. Seven Sisters in GLICs:
➢ Minister of Finance (incorporated) (MoF)
➢ Khazanah National Berhad
➢ Employees Provident Fund (EPF)
➢ Lembaga TabungHaji
➢ Lembaga TabungAngkatan Tentera (LTAT)
➢ Retirement Fund (Kumpulan Wang Persaraan)
➢ Permodalan Nasional Berhad


Minister of Finance (Incorporated)
❖ A corporate body established under the Ministry of Finance.
❖ Holds direct majority shareholdings in 70 companies, especially in 24 companies which are special purpose entities.
❖ Holds 1 golden shares in 32 companies (which gives MoF (inc.) certain special rights)

Meow

According to Mulan, the Grand Duke, also known as Tai Sui, is a term that refers to the ruling energy of the year in Chinese astrology. It is associated with the orbit of Jupiter, which takes 12 years to complete a cycle. Each year, the Grand Duke occupies a different direction and affects the fortune of different zodiac signs. 2024 is the year of the Wood Dragon, which starts from February 10, 2024, and ends on January 28, 2025. The Grand Duke of 2024 is Li Cheng, who is located at the southeast direction which indicates Southeast Asia is where Mabel should put her attention.

Be mindful of potential challenges like rapid ups and downs and conflicts. Despite hurdles, 2024 promises fulfilment, success, and harmony through leadership and relationship cultivation.

The CapA Fighters will strive in Mentorship, Wealth, Family & Friends, Career, Health & Fitness and Accumulation of Assets.

Happy New Year and to Our Success!

Meow Meow Meow

TalkNumberOne Last trading day of the year, happy new year all. And wishing a huat huat year ahead.
29/12/2023 9:07 AM

Felix666888 Happy new year to all investors here!!! Wishing all a Ong Ong year and Huat all the way!
29/12/2023 9:23 AM

Meow Meow Meow Team

According to Mulan, the Grand Duke, also known as Tai Sui, is a term that refers to the ruling energy of the year in Chinese astrology. It is associated with the orbit of Jupiter, which takes 12 years to complete a cycle. Each year, the Grand Duke occupies a different direction and affects the fortune of different zodiac signs. 2024 is the year of the Wood Dragon, which starts from February 10, 2024, and ends on January 28, 2025. The Grand Duke of 2024 is Li Cheng, who is located at the southeast direction which indicates Southeast Asia is where Mabel should put her attention.

Be mindful of potential challenges like rapid ups and downs and conflicts. Despite hurdles, 2024 promises fulfilment, success, and harmony through leadership and relationship cultivation.

The Sap Fighters will strive in Mentorship, Wealth, Family & Friends, Career, Health & Fitness and Accumulation of Assets.

Happy New Year and to Our Success!

Meow Meow Meow

PN17 theme

If you notice, the counters that have gone up a lot are mostly sentiments to get out of PN 17

All have different reasons:

Scable: White Knights
Epicon: The Regularization Plan has been completed
Eatech: White Knight
Zelan: Completed Private Placement
CapitalA: World's Best Low-Cost Airline in 2023 for 14X
Sapnrg: White Knights and National Treasures

Captain Mabel Meow

PN17 theme

If you notice, the counters that have gone up a lot are mostly sentiments to get out of PN 17

All have different reasons:

Scable: White Knights
Epicon: The Regularization Plan has been completed
Eatech: White Knight
Zelan: Completed Private Placement
CapitalA: World's Best Low-Cost Airline in 2023 for 14X

Captain Mabel Meow

What Tony trying to say is Don’t worry Mabel, I’ll be standing next to you..

https://www.youtube.com/watch?v=UNo0TG9LwwI

Meow

Haha T#1 Very Smart...

Mabel was referring to that Auntie H...hihihi

In 2018 under Sharil, Sapura Energy’s cash call involved a RM3 billion rights issue of 9.987 billion shares priced at 30 sen each on a 5-for-3 basis, with 1 free warrant for every 10 rights shares subscribed. Another RM1 billion was raised through the issue of 2.397 billion Islamic redeemable convertible preference shares (RCPS-i), offered on the basis of two RCPS-i for every five shares owned, priced at 41 sen each. The RCPS-i are convertible into ordinary shares on a 1-for-1 basis upon maturity on Jan 29, 2024. This means each RCPS will indeed be automatically converted into one ordinary share of Sapura only upon reaching maturity on 23rd January 2024 meaning more shares will be listed on 23rd Jan 2024 by PNB.

Based on the above Mabel takeaway is simple..

PNB’s stake in Sapura Energy, held under its various funds, was only 12.16% before the rights issue. It also fully subscribed for the latter’s Islamic redeemable convertible preference shares (RCPS-i), which were part of a RM4 billion cash call — RM3 billion from a five-for-three renounceable rights issue at 30 sen per share, and RM1 billion via a two-for-five renounceable rights issue of new RCPS-i at 41 sen each.

In simple term that's PNB cost without considering of the 12.16% before the right issues (which is at a higher price) is between 30 to 41 sen per share. As long as Mabel's cost is below (way way below) the PNB Cost, Mabel can continue to Goyang kaki. Fortunately, Mabel does not freeze like a monk. Mabel has been and out of this Battleship with a healthy double-digit profit..

https://www.youtube.com/watch?v=UNo0TG9LwwI

Don’t worry Lady Sapura, Mabel will be standing next to you..

Meow

Haha Mabel collected more at 82 sen last week...

Some Nice Uncles and Aunties were so kind..

Haha PChem so steady..

Meow Meow Meow

Just 3 more trading days left in the year. The Santa Claus rally continues in US. And technically, it extends to the first 2 trading days of the new year.

But even when the Santa Claus rally officially ends, there's plenty of reason to expect the bull market to keep going in 2024.

With inflation on the decline, interest rates expected to head lower, and the outlook for corporate earnings on an upward trend of improvement, it looks like it could be shaping up to be another impressive year.

Add in that stocks typically do well in Presidential election years (while the 4-year Presidential Cycle shows that year 3 (2023), is the best year for stocks, year 4 (that's 2024), is the second-best year), and the odds for another great year just keep getting better and better.

Captain Mabel Meow

KUALA LUMPUR (Dec 27): The Malaysian Aviation Commission (Mavcom) has revised upwards its forecast for passenger traffic to 84.5 million to 86.5 million passengers for 2023, surpassing earlier projections.

In its 14th edition Industry Report "Waypoint" released on Wednesday, the commission also anticipates total passengers for 2024 to exceed 93.9 million.

Mavcom said Malaysia's aviation sector had experienced robust growth in passenger traffic post-Covid-19 pandemic, reaching 69.9 million in the first 10 months of 2023, and the impressive growth led it to revise its 2023 forecast.

The commission earlier projected air passenger traffic to rise between 40% and 52% year-on-year (y-o-y) in 2023 to reach between 74.6 million and 80.8 million passengers.

KLCC so steady..No need to monitor..

Felix666888 Congratulations Mabel for you beautiful 244% gain in Bumi Armada. I lost track my gain in Armada maybe about 100% only 😅, I average down then average up, in and out multiple times.
27/12/2023 11:00 AM

Cheers Felix !

100% Gain is very good..

Well Done!

Meow

Sime Darby Plantation Bhd has maintained a consistent dividend payment record since 2019. Dividends are currently distributed on a bi-annually basis. Over the past three years, Sime Darby Plantation Bhd's annual dividend growth rate was 136.20%.

170,000 tourist arrivals at island from Dec 1-20, says Lada

LANGKAWI: Tourism is making waves again here with thousands of holidaymakers converging since the school holidays began...

https://www.thestar.com.my/news/nation/2023/12/27/langkawi-back-with-a-bang?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20231227&__sta=vhg.uosvpxQddhqne.jsu0sv%7CYFHT&__stm_medium=email&__stm_source=smartech

Haha ..In Business you need to have the element of time in your investment horizon. Mabel remember we had the same problem in our Bumi Armada with not so good balance sheet. I remember at that time Sifu Mickey was policing Bumi Armada highlighting their balance sheet weakness just like our handsome sslee is doing in CapitalA. This is not a bad thing as it gives us another perspectives...

The company faced financial difficulties after the oil price crash in 2014/15, which affected its cash flow and debt repayment. However, the company managed to turn around its performance by restructuring its debt, divesting its offshore support vessel segment, improving its vessel availability, and reducing its costs. As a result, the company achieved its highest net profit in FY2022 and lowered its net gearing to 0.7 times.

The company is also actively bidding for new FPSO contracts in the global market. You can read more about Bumi Armada’s turnaround story from these source..

https://theedgemalaysia.com/node/689492

Mabel ROI for Bumi Armada is 244%. Bought it when it was dirt cheap with an average price of 16 sen and sold it when it rallied at 55 sen. Since then Mabel has been in and out of that counter and still holding Armada Share.

Patience my friend...

Meow