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2019-08-16 13:35 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment
2019-08-16 12:51 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment
2019-08-16 12:15 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment
2019-08-16 10:59 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment
2019-08-16 10:12 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment
2019-08-16 10:02 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-16 08:45 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 21:00 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 18:48 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 18:48 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 18:48 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 18:48 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 18:07 | Report Abuse
IK oso sold 8 mil shares at 0.210 he wait to buy back 8 mil shares at 0.235
2019-08-15 15:22 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 12:35 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 12:30 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 12:08 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
15/08/2019 11:39 AM
2019-08-15 11:39 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 08:52 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-15 08:28 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker
2019-08-14 20:31 | Report Abuse
IK wrong again and again shameless to made new prediction and comment Again and again
2019-08-14 16:16 | Report Abuse
IK wrong again and again shameless to made new prediction Again and again
2019-08-14 11:07 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 11:06 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 11:06 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 11:06 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:46 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:45 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:45 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:45 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:44 | Report Abuse
Results
Higher profit - Bumi Armada posted a net profit of RM62.2m in 1Q19, which grew 29% YoY due to higher contribution from associates and JVs, lower depreciation and tax. However, normalised net profit declined 30% to RM67.7m. Operating profit declined due to lower revenue.
Lower revenue – 1Q19 revenue declined 18% YoY to RM491.6m following lower contributions from Floating Production & Operation (FPO) (-8% YoY to RM425.6m due to lower revenue from Armada TGT FPSO subsequent to its extension agreement in August 2018) and Offshore Marine Services (OMS) (-53% YoY to RM66m due to completion of the LukOil project in December 2018).
Better QoQ – Compared to the previous quarter, 1Q19 normalised net profit almost doubled to RM67.7m despite quarterly revenue falling 15% QoQ following lower revenue from OMS (-66% QoQ) and higher revenue from FPO (+12% QoQ due to higher contribution from Armada Kraken FPSO).
Steady orderbook – Orderbook remains steady at RM19.3b (FPO: RM18.3bn, OMS: RM1bn) another RM9.8bn worth of potential extension. This will sustain the group’s revenue for the next few years.
Debt refinancing – The management secure refinancing for its unsecured term loans of US$380m (RM1.57b) and revolving credit facilities of US$280m (RM1.16b) into a single facility consisting of Tranche 1 facility of US$260m (RM1.07b) and Tranche 2 facility of US$400m (RM1.65b) with repayment term over 2 and 5 years respectively.
Earnings Outlook/Revision
Exceeded expectation – 1QFY19 normalised net profit of RM67.7m achieved 34% of our full year forecast of RM201.7m while revenue for the same period achieved 18% of our FY19 forecast.
Forecasts maintained – We are keeping our earnings forecast for FY19 and FY20 in anticipation of operational challenges.
Valuation & Recommendation
Maintain BUY call with an unchanged target price of RM0.47 based on its 3-year mean PER of 13.6x and FY19 EPS forecast. Risks remain its high debt and gearing level despite the recent refinancing.
Potential upside is the possible compensation of US$280m (>RM1b) from the Armada Claire court case which has commenced earlier this year.
Source: JF Apex Securities Research - 28 May 2019
2019-08-14 10:43 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-14 10:43 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-14 10:43 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-14 10:29 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-14 08:30 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-13 17:01 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
2019-08-13 14:51 | Report Abuse
Dog never change eat shit,IK never change, his promise never fulfill his prediction never accurate
Stock: [ARMADA]: BUMI ARMADA BERHAD
2019-08-16 14:01 | Report Abuse
IK is armada Operator , only talk operator , shameless everyday wrong talker,fake comment