As i know, one injection of vaccine need a pair of glove.

O&G Will soar next week, so do Alam & Alam Wa.

O&G Will soar next week, so do Alam & Alam Wa.

I am collecting, will fly soon.

Same with you XUXU, alam will fly soon.cheers : )

Fake or old news, tash1

Ali Malay...the news is true,buy while it still cheap...will fly today.

U Useless Kasiuntung, farking shit to you, bloody hell move on you moron.

CB Lu Kasiuntung such a moron lu,fark u.

NetX Holdings Bhd has entered into a collaboration agreement with 2Go Technologies Group Ltd (2GO) for the development and deployment of electronic customer verification platform known as the e-KYC platform in Malaysia.

NetX said the e-KYC platform is aimed as being a verified and widely accepted data passport, to enhance data privacy of users and increase efficiency of data verification process of business platforms.

“It is planned to be implemented into a variety of platforms, ranging from basic account verification, trading platforms to e-commerce platforms and everything in between.”

2GoTrade is a technology solution provider for the equities and capital market that focuses on equities trading and post-trade support through the use of IT cloud services that serves a broader financial institution market in Hong Kong.Will fly soon.

The boss is not running la Alibaba, just accumulate at lower price ,will fly soon.

Bumi Armada said its joint venture (JV) company Shapoorji Pallonji Bumi Armada Godavari Pte Ltd (SPBAG) has been awarded with the nine-year charter contract worth US$2.1bil.


Bumi Armada owns 30% of the JV company while Shapoorji Pallonji Oil & Gas.


The company said the contract was awarded by India’s Oil and Natural Gas Corp Ltd, for the charter hire and operations of one FPSO.


The contract is for a fixed period of nine years, valued at US$2.1bil, with an option to extend for an additional seven years on a yearly basis, at an aggregate contract value of some US$655mil if all extension options are exercised.


Affin Hwang Capital research maintained its buy call on Bumi Armada with a slightly higher target price of 31 sen on the back of the announcement that it had secured the KG-DWN98/2 FPSO contract from India ONGC.


"We have yet to factor in any earnings contribution from this contract pending further clarity on the undisclosed capex value and the funding approach.



"By our estimate, this ONGC contract could lift our valuation by another RM0.05/share, factoring only in the firm period," it said.



Read more at https://www.thestar.com.my/business/business-news/2019/05/07/quick-take-bumi-armada-shares-lifted-by-rm8-8bil-fpso-contract-wins/#UvdLR2z20Uglf3IB.99

Bumi Armada shares lifted by RM8.8bil FPSO contract wins
Read more at https://www.thestar.com.my/business/business-news/2019/05/07/quick-take-bumi-armada-shares-lifted-by-rm8-8bil-fpso-contract-wins/#UvdLR2z20Uglf3IB.99

Key observations :



(a) annual revenue of approximately RM2.4 bil. Existing order book is approximately RM20 bil (firmed order book). Simple calculation shows that it can last at least 8 years, even without additional contracts secured.



(b) Annual interest expense of approximaely RM500 mil. As borrowings outstanding is approximately RM10 bil, effective interest rate is approximately 5%.



(c) In FY2017, the group has property, plants and equipment (PPE) of RM9.5 bil (year average) and depreciation charges of RM576 mil. This translates into PPE lifepan of 16 years.



The group made huge provision for impairment of RM2.4 bil in FY2018. Divided by 16 years, depreciation charges will be lowered by RM150 mil per annum (or RM40 mil per quarter). A quick check shows that this is indeed the case as March 2019 quarter's depreciation charges has dropped to RM105 mil (from approximately RM150 mil in FY2017).



In an earlier annual report, management has indicated that impairment is actualy not a bad thing. Apart from lowering depreciation charges (augurs well for future profitability), it also puts the group in better position to bid for contracts at lower price, thereby enhancing its competitivenss (OMS segment).



(d) The group reported net profit (without exceptional items) of RM310 mil and RM316 mil for FY2017 and FY2018 respectively.



FY2017 revenue was driven by relatively strong OMS (Offshore Marine Service) contributions. The OMS division's order book is closed to being depleted. Going forward, we should be happy if it can just break even.



Following completion of 4 FPSO vessels in FY2018, contribution by FPSO and FGS (Floating Gas Storage, referring to the vessel chartered to Malta for Liquified Natural Gas storage for power generation purpose) has picked up, as evidenced by higher FPSO and FGS revenue of RM801 mil in FY2018 compared to RM529 mil in FY2017. In Q1 FY2019, this division's revenue further increase to RM254 mil (if annualised will be RM1 bil revenue). The group's FPSO related revenue is likely to further increase once Kraken's operational issues are fully resolved and achieves final acceptance status (no idea by how much).



As shown in table above, the group's earning capacity is approximately RM300 mil per annum (without exceptional items).



(e) Not to be overlooked is the group's 3 Joint Ventures in India and Indonesia. These joint ventures made consistent profit contribution of approxmiately RM160 mil per annum to the group in FY2017 and FY2018.



The joint ventures' contribution is not limited to equity accounting. A study of the group's cash flow statement shows that they occasionally flew cash up to the goup through a combination of dividend payment and capital repayment.


Will Fly Soon.

Stay strong with Dayang.

tommorrow fly loh dayang

Keep the faith, and hold tight TP 3.00

agree with you, Hengheng,just like last friday.

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1. Limit Up of Naim's Share Price - Strong Interest in Dayang

First, Naim owns 26% of Dayang. However, please note that Naim may not be a good alternative investment for Dayang. The main reason is because the strong cash flows generated by Dayang are only reflected in Naim's account on paper. Naim will not be able to enjoy the cash flows (in layman terms: can see, but cannot spend) but Dayang will get to enjoy the cash flows they generated in a full scale. Once investors realise the fact of this, interest may be switched back to Dayang itself.

Uncle Koon tolong dayang today,use yr superpower ma.

No Power la HengHeng.Up Up on da way.kikiki

No power lah Hengheng.Buy some more kikiki.

Agreed with HITnRUN, tp RM15, a matter of time

To Whichone and GuyNiceView please don't interrupt Appoloang, Apollo just express his happiness here no need to do like that ma.

I agree with you newbie8080, above RM3.00

What goes down must goes up,just my two cents