Posted by 3iii > Jul 4, 2019 10:18 AM | Report Abuse



TTM GROSS Profit RM 490.889 million.
TTM Interest Expenses RM 521.830 million.
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for quarter ended March 2019....gross profits of $ 190 million, interest expense $ $ 135 million and eps of 1 sen.............

3 iii..........u know what is the difference between Henyuan and Armada?

Hengyuan is a factory. Armada much more flexible in terms of future and capacity.

Presently, large segmental profits balanced by large interest expenses......BLR just cut recently, good for them and company have more lease receivables ( from FPSO and FGS) on fixed rates basis.

Jaks performing.........
not too bad, all my shares performing....Armada, Ekovest, Teo Seng, Jaks.........

the restructuring comes with higher spread but BLR is recently reduced by .25%.

my cost $ 1.05

me? The banks had a chance to pull the rug a few months ago. They didn't do it but choose to refinance them.

some thing convinced them it is to their interest to give Armada time.

u have to understand that bankers have no fear to pull the rug ( and realise their pledged securities) if there is no turnaround plan.

icon takes the trouble to tabulate the results. Look at the tabulation and try to make sense of it.

The last 5 quarter segment results of FPSO and FGS are as follows...............285, 166, 197, 153 and 254...............interesting..........

3iii

TTM GROSS Profit RM 490.889 million.
TTM Interest Expenses RM 521.830 million.
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according to icon table, for FY 2018, there is operating profits of $ 160 million after interest expense of $ 522 million.........

further for quarter ended March 2019, there is a strong recovery in FPSO and FGS segment to $ 254 million on the back FGS completed in 2018........looks exciting................further work needed to make sure this is sustainable.

icon's comments...........Following completion of 4 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...................


big winners are when the turnaround is unappreciated...this surely is worth investigating......................

3iii I never fully understood the term "building castles in the air"
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which part is building castles? these are tabulations of PL and B/S.............


further as charter rates have improved, it makes sense that utilisation rates and Armada PL will improve.......................

ed by Sslee > Jul 2, 2019 9:05 AM | Report Abuse

Hahahaha,
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for investors, they focus on their companies....for speculators, traders, contrarians.....this rally.....better to make use of this rally to sell shares than to buy shares........

what changed over the weekend? U turn on Huawei is good news to Wall Street but what else?...Wall Street expectations running ahead of reality.

Post removed.Why?

(US/CHN trade war doesn't matter) Philip > Jul 1, 2019 9:23 PM | Safety first.
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safety first is fine for investors....

I guess investors should prefer Yinson over Armada.

Armada is for speculators, traders and contrarians ...my natural inclination.

Yinson, didn't buy at $ 4, how to buy at $ 6? Armada still at 20 sen.............As members of the public and no inside information, there is only so much we can know about Yinson and Armada, so finally its all down to choice.........Yinson at new high or Armada at lows? The former is of higher quality, the latter more movements and speculators/ traders live for movements......at least these 2 makes better sense than 90% of other stocks..........

me? 25% of my invested portion is currently with Armada. For some reason, OG shares are the flavor..........maybe due to lack of alternatives.

trump the kid

Xi told trump...u want photo ops in G20, reverse gear on Huawei, Trump duly obey.

China is prepared for 20 years war.

China have not given any thing away......and does not seem interested.

armada has the advantage of being a high volume share.

armada has the advantage of being a high volume share.

this is 50% of my equity portion.

going with quality is recommended for the masses.

contrarian plays requires higher level of experience., and risk taking.

Post removed.Why?

I have previously made one round in Armada already....the 18 sen shares sold at 25...this is second round.

Armada is 25% of my equity. average 21.5..

nowadays I prefer to do what I preach, concentrated basis instead of spreading it around.

In HK, the developers form a cartel.

cheoky > Jun 30, 2019 2:25 PM | Report Abuse

Phillip Fisher is right. All local Malay without background still struggling for a house. Rumah prima allocation still need to be bribed. Local property developer don't care, just keep developing. Together with real estate agency selling millionaire dream created a vicious cycle just to clear inventory. Should let developer collapse. Imagine Hong Kong youth save 10years cant own a house. Keep shopping till drop, cos the rented place is a bird cage. It is just a sleeping place. I would jump off the building and just die better if I m him.
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I agree with u....don't let HK set the example............HK is a lousy place.

I don't have a lot of properties and I am not a developer.........I have a unit that I stay, fully paid up and another unit rented out..........no hurry to see house prices going up.........


As a country, no need to hurry too.

PH is a rather socialist government...its 99% vs the 1 %.........


Its ok one...........why 1% interests over the 99%? Are we USA?

icon....why want to copy Hong Kong?


HK is a lousy place............

Foreign funds trading properties are destabilizing...............that is common sense.


permanently depressed property prices ( until real local demand catches up) is better than inflated prices .......................


why want an economy with inflated property prices like in HK??






nothing wrong if property market remain in doldrums for next 5 years, 10 year, even 20 years like japan also ok..............


\

Xi schools Trump in Osaka.............https://www.youtube.com/watch?v=YbzTPhNhTFE

now how?

a Malaysian and a DT supporter is a rare piece of shit.

western media..........too many trivials, lies, fake news, too many points of views, very difficult to come to a fact based conclusion.


Chinese media......it supports the growth of China.

the main function of Chinese media is to make China strong.

it seems to me the main function of western media is to make sure you keep investing

Status quo also means what has been done cannot be undone. It is already baked in....and enough to bring the world straight to recession.

good...my money on Armada, Ekovest., Jaks.

the true colors of the whites..................

I am a pro. Good bad ugly also I do. But I would not recommend to non pros.

make is always better than no make..............

Ekovest...I should be able to make good money on Ekovest this week......

G20 meeting this week end................I have one week window to play......no more.

Dayang I bot at 1.02 sold at 1.09...next day 1.20.............of course I sold 1 day too soon.

AA is one of my biggest winners.............

so ex all $1.50 is fair

tony Fernandez wants people to value AA as internet company but Malaysia too small and no scale

Post removed.Why?

Post removed.Why?

just like investment myths, I was not fooled by the nutrition myths.......

just like nutrition myths, investment myths will also be knocked down.

by winbigbursa > Jun 18, 2019 3:32 PM | Report Abuse


Important thing is to make money, using whatever approach, you are comfortable with.
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U overlook one thing. I am a small guy against the established order of things ( in i3).

and since change is the only certainty, all is better off if they join the party of change and critical thinking.