Pang72 ada hold tight tight ke..jangan lari lagi..

Foreign fund manager oredi 7 weeks net SELL..

Volume small7.1m

Ho ho maybel ..if u kena stroke still not recover ..still kena stroke..

Yin can do .yang can do but not Arma. Loh

Why no MM78..IK lion king is MM78 ke..

Haha end of d day same as yesterday show..

Huat1 today wat price??

Net gearing of 2X , limiting its ability for further job bids .. means what ah.....

Bumi Armada Berhad - More Issues On Armada Kraken
Author: PublicInvest Publish date: Mon, 4 Mar 2019, 10:26 AM
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Bumi Armada’s FY18 bottom line remained weak with a net loss of RM2.3bn reported. Huge impairments on the Armada Kraken Floating Production and Operation (FPO) and Offshore Marine Services (OMS) were recorded for the financial period, totaling RM2.2bn. Stripping off this impairment and other exceptional items amounting to RM2.6bn, the Group’s core net profit for the FY18 stood at RM306.8m on the back of revenue of RM2.4bn, translating to YoY growth of 2.4% and 0.7% respectively, slightly above our expectation but much higher than consensus at 106% and 135%% of full-year estimates respectively. The anticipated flattish growth for this year is attributed to slower contribution from Armada Kraken due to some operational issues. The OMS segment also remains a drag on Group performance as vessel utilization has dropped to 38% in 4QFY18 from 43% in the previous quarter. We revise our FY19-20 forecasts lower by average 21.2%, in anticipation that future earnings could be depressed due the underperformance of Armada Kraken. Our Neutral rating for Bumi Armada is retained with a lower DCF based TP of RM0.22. The group’s near-term outlook is expected to remain challenging as the debt restructuring process may take a bit longer than expected.

4QFY18 results highlight. The Group recorded a 2% QoQ decline in revenue to RM576.3m as lower recognition was seen from Armada TGT and Armada Kraken as a result of lower vessel productivity particularly in November and December due to bad weather. We also understand that Armada Kraken currently has some operational issues hence lower availability is expected moving forward. The performance is only expected to improve in 2H2019. This explains that the impairment charge of RM1.6bn on Armada Kraken in FY18. As for OMS, the increase in revenue was mainly attributed to recognition of variation order for the Lukoil project. Nevertheless, it has been offset by the lower OSV utilization of 38% from 43% last quarter.
Challenging outlook moving forward. The group’s near-term outlook is expected to remain challenging as the debt restructuring process may take a bit longer than expected. Negotiation with the bankers is now expected to complete in 2Q from 1Q guided previously. The Group’s financial stability is weak with net debt of RM9.6bn and net gearing of 2x, limiting its ability for further job bids.
Earnings forecast. We revise our FY19-20 forecasts lower in anticipation that future earnings could be further depressed due the underperformance of Armada Kraken. As of December 2018, the Group’s orderbook stands at c. RM20.2bn in firm contracts with additional optional extensions of up to RM10.3bn.
Source: PublicInvest Research - 4 Mar 2019

Ha ha today newspaper published foreign funds still sell....

No luck oredi .
Dji down 285 pts.. red red rain..

Bad intention will bring bad karma..just timing only..

Hip hip hooray

Wah heavy rain n very long ni:

MM78 another sleepless night ke...coz red red rain..dji down 285 pts at tis time..

Sit tight watch today 2 show:
1) animal wayang kulit show : dont like bull..call alvin d bison or like bear call freddiehero.

2) a PDT show link to a financial institution which profit shared 40:60 among 2 party..350million share is big shark

Relaks n watch d show today..

Yinson total borrowing is 3.65 billion..finance cost is 43.5 m per quarter..asset ppe increase 200 mil...cash n balances increase 500 mil ..armada is reduces ppe n cash n balance..

A newbie ke...

29/8: 5.4 mil , avg price 0.075...30/8: 5.4 mil , avg price 0.071...good luck

Hunger4money always said great show is coming ..always lie ..

Why so hard sell , monkey see monkey do..haha..esp qqq3...monkey king ke..

Animal is weak to learn...kiki

Alvin is bison ke..

Lion King ke...animal is weak to learn ..

Scary so long.some trick animal wayang kulit show..some trick PDT show..

Cheers ...

Good ..relaks n sleep..tomolo next round..

All happy happy hip hip hooray

Tomolo u can get 0.24 better

Tomolo predict still drop...

Zelan up ..hip hip hooray.

0.08 to 0.07 still a loss...

0.07 v2.44 mil

RJ87 a newbie ke...short seller hold longer??RSS or IDSS also cannot be..loss until use ass to think...kiki

0.25 v192m

Zelan up..hip hip hooray

We learn from previous 3 cases..only animal weak to learn ma...

Tq

0.25 v190.7m

Moneykj pinjam ah long to collect ke..

Pang72 now got 0.25

0.25 v190m

Pang72 sapu sapu 0.255 tq for support..kiki

This is PDT if tomorrow back to square..haha

Pang72 hold tight tight..

1) Claire: got signed option annual extension or not?as the company changing hands..is complicated..thd edge said book value abt rm 450 mil.

2) Kraken..topside commissioning is delayed 4.5 months..unable to issue acceptance certificate..lack of certified claim documents.

3) however restructure still total debt..

4) sorry to repeat : 2019 half yr profit 127mil? generated from asset less 620 mil..cash n balances less 324 mill..

Ha ha just timing to PN18-1

0.255 v178.6 m

Yes over 175 m

Moneykj collect 4 million shares ke...

Kesian butt money

How is the big boss?? This is vital ..

End day can over 175 m liao

0.255 v157.3m

Freddiehero bear hero why today no sounds..??

Relaks.today all gain ma..all happy happy to share facts comments.

Bottom list Perisai is delisted..see which one is the second..

0.255 v149.5 m

MM78 n RJ87 also a twin ke..

Monkey Mandrill n Socket RJ87..a very good twin..one drill n one just adapt..kiki

Bad intention will bring bad karma..

Dont mislead ikan bilis be trap..

Good fundamental company i support..