3iii perhaps worship bulan?...


dragonslayer Aiyo 3iii....many cats her question you leh...why you picked bulan hijau as your preference flag ....can answer the curiosity cats kah....wakakaka....kikiki

24/04/2018 13:27

Added more at 0.40...if down accumulate more. Mid to longer term and not on borrowed money is fine!

JF Apex Securities report dated 18/4/18 - Buy call TP rm1.05
Public Invest Research report dated 23/4/18 - Buy call TP rm0.90

Ok thanks probability

Hi probability,

Just want to clarify with you. I was surprised with your comments today that WTI crude is not suited for HY type refinery. I remember the below was mentioned by you in Feb. Can HY use WTI if the price is advantageous as compared to brent? Please advise. Thanks


 Feb 21, 2018 11:16 PM | Report Abuse 

WTI crude and Brent is 100% compatible for interchanging in Hengyuan refinery. Both oil specification is almost 100% identical.


probability HY had never been able to utilize WTI as proven in Q4 2017, despite having the highest Brent-WTI differential ever due to shutdown of the Forties Pipeline System during this time. 

The difference quoted are FOB basis and excludes high transportation cost and Customs tax differences (if any) and most importantly, WTI is not suited for high middle distillate yielding refineries like HY. 

Price differential changes by the time WTI is delivered DDP via VLCC due to the long travelling time. 

During Q1 2018 differential between Brent & WTI had dropped to a level where WTI is out of the question for any considerations.

21/04/2018 14:08

Wa...0.42 can go in dy???

Light blue eye all the way Tongkarat! Its time to change!!!

Good point dragon...they all cant be ALL sochai right? Pengkritik should have answers for this

Hi bowman sifu, thanks for your contributions here. Can u share the biggest reasons why u think this counter have much potential? Wanted to learn and possibly invest here. Much appreciate.

Ok ok dragon...

Yes, this coming quarter's result should be more positive than last. With Olom impending final acceptance, this financial year sure huat! Nigeria woes create opportunities to accumulate cheap!

Wa this forum became a political discussion... salah siapa? I think dragon la kikiki

Raider, dont think Pakatan will implement all they promised la... win first, adjust later lo...but at least we will have a more accountable government la. We need to move towards a system where government will and can be changed if they do not perform!

Bumi Armada down on Nigeria woes
Most analysts maintain ‘buy’ call
StarBiz
PETALING JAYA: The share price of Bumi Armada Bhd slid 4.5 sen to close at 86 sen with 24.66 million shares changing hands after announcing that the offshore energy facilities and service provider will incur RM30mil loss from the credit risk recovery related to the suspension of the bare-boat charter and operations and maintenance contracts to Erin Petroleum Nigeria Ltd (EPNL), a subsidiary of Erin Energy Corp.

The contracts were associated with the floating production, storage and offloading (FPSO) vessel Armada Perdana, and the suspension was first announced last June after delays to the bare-boat charter payments as well as irregular payments on the operations and maintenance contract.

A majority of the analysts covering Bumi Armada maintained a “buy” call on the stock, with a share price upside when the other FPSOs in its fleet get contracts. UOB KayHian Research, which has removed the FPSO from the share price assumption ever since the company halted the bare-boat revenue recognition in the first quarter ended March 31, 2016, has a sum-ofparts target price of RM1.06 per share.

It noted that Erin remains committed to rejuvenating crude oil production in the Oyo offshore Nigerian field but that the company continues to have funding problems that has hampered the development of the offshore field.

“While there is no more outstanding loan on the FPSO, a total shutdown of the FPSO will still incur a very minimal operating expenditure if the operations and maintenance services are not covered by the client.

“Overall, we view that the financial impact could still see a uptick on additional cost, but this is very minor to warrant a forecast adjustment,” it said, adding that the RM30mil estimated credit cost recovery relates to demobilisation costs, should the need arise.

“Even though FPSO Perdana already had impairments (part of a RM434mil incurred in 2016), there may still be an impairment risk on the residual value and receivables in our view given this recent event. The net book value of Perdana is not guided, we estimate it to be RM200mil to RM300mil,” UOB KayHian Research said.

Meanwhile Maybank Investment Bank Research, which has removed the net present value (or the difference between the present value of cash inflows and the present value of cash outflows over a period of time) of Perdana from the sum-of-parts target price, said the most recent development would have an adverse impact to sentiment but the research house’s “buy” call on the stock was premised on the earnings/ cashflow recoveries from the financial year ending Dec 31, 2018.

“Securing final acceptances for its FPSO Kraken and Olombendo by the first half 2018 are potential catalysts,” it said.

Maybank Investment Bank Research has maintained the target price at RM1.02 per share.

Tomorrow back up above 90 cents!

But 3iii, value investors almost never sell. No?

Aiyo dragon... u referee always give yellow/red cards to promoters saja very sien one le... be sentitive sikit la, many people here like Yih Yeong still losing their hard earned money, to hear u and some others come here condemn saja, shiok meh? Kikiki

U very clearly one sided referee la...lack neutrality and suspicious integrity...dedak sudah masuk mulut??? Kikiki

Aiyo dragon...naik from 6 to 9 also u condemn, turun from 9 to 8.30 also u condemn... apa lu mau??? how to make money like that la... sui (cantonese) a like that... kikiki

Amet2017, betul la apa i cakap. Oil naik, lebih banyak oil related punya activity. Opportunity for Armada pun lebih banyak dan cerah. The current selldown is overdone. Time to buy more!

Most counters also red not just HY...

Outlook very positive with the current oil prices. Great opportunity to buy in now and in 2 to 3 quarters max easily rm1.40. Due for rerating after the next quarter.

Why so scared vivo???

Aiyo...Dont la add salt to his wound la ...

Obviously someone is living in a world of fantasies. People who tell too much lies eventually believes what they told others. DOJ do not label Malaysia a kleptocatic government for nothing.

Close green or red today?

Buying opportunity now...please fall below 9 kikiki

9.50 TP today! Go up slow and steady is the best

That says a lot of the country, people are living in fear due to a government which does not respect the laws and institution of a democratic country. Even speaking out will be faced with such persecution.

Surely will break rm1 this week

dragon's butt already cracked by paper dy...kikiki

Agree with LA777. That's what people call Ada udang di sebalik batu. Kikiki

Raider also spotted, promoted and helped many earned fantastic returns from about rm3 to rm17 ma...people dont want to cutwin when it freefall cant blame him lo...one needs to be fair in your comments la

Anyway from rm3 to rm9 plus now still very good ma!

Thanks SsLee for your efforts for all shareholders!

Breakout at last!

Ok thanks probability

Noted probability

However, i am not sure i know how to read this correctly but isnt this showing that the crack spread for Mogas 95 is relatively still high at about 80 plus and about the same as the period between Oct to Dec 2017 in which HY share price shot up to its highest?

Please advise. Thanks

http://www.cmegroup.com/trading/energy/refined-products/singapore-mogas-95-unleaded-platts-swap-futures.html

probability, i thought you once said we should be looking at the mogas 95 instead of mogas 92?

raider's conviction in HY and his believe that the TP remains at rm22 to rm42 should be lauded despite still making a loss. Never mind that it may not reach those lofty TP so soon or never at all... never swayed from his stance. Solute bro

Good to see you back! General, any chance you will lead your longer term comrades to reaching the summit again???

stockraider Salute to probability for being our spokesman during good time hengyuan Rm 18.00 and bad time Rm 6.00........probability is our hero here loh..!! 

As for raider, i have not sell a single lots....when share crash from above rm 12.00 to rm 6.00 recently loh...!! 
In fact i have bought loh.....!! 
I could have bought more, if not for the big mouth KYY, too eagerly to come out and talk good of hengyuan loh....!! 

In fact, this KYY change his bad mouthing too soon, singing sweet melody praises of ...hengyuan within a period of 5 days... if not bcos of him hengyuan crash longer and raider can buy very cheap and bcos of him hengyuan has rebounded fast loh....!! 
If not for KYY promotion, Raider could have bought much more at cheaper price and bring down more my average cost loh...!! 

Even it rebound, raider had not sold loh....bcos the fair longterm value of hengyuan is still rm 22.00 to rm 42.00 loh....!! 

Yes raider, had average my cost lower by taking this great opportunity to average loh...!! But my cost still exceed rm 10.00 loh....!! 

For the purpose of readers, just take it as Rm 12.00, the origin cost that raider bought back earlier all i sold loh...!! 
It is ok and raider is comfortable that Rm 12.00, is good enough for raider to make monies on hengyuan loh...!! 

Meanwhile raider should say probability is the best sifu, we should rely consistently loh....!! 

Thanks probability for ur great effort to educate the fellow investors loh.....!!

11/04/2018 18:13

Agree...Today will breach 90 cents... next week rm1

Healthy correction...building base for the next rally, still very undervalued.

Opportunity to buy cheap is now.

Woo hoo... uptrending ! Election rally???

Cant go wrong on this counter, just need to be patient...

Signs are there for a breakout soon

Action starting in minutes! Get tickets now when its still cheap

Whats your TP acw2368? :)

Fam Jenny, sound too delicious not to go with rice le...

Just joined the party today...hope will still have many days to huat!

Great name lanjiolang!