Posted by steady31 > 1 week ago | Report Abuse

just ridiculous BA still below its 52 week high when even the once highly indebted Perdana is 2.5x higher from 0.20 to 0.50 in the same period. With net earnings of 0.13-0.16 annually, in 3 years time its net asset value will be as high as its share price.

Posted by Penarak > 1 week ago | Report Abuse

Share price not showing acceptance of Sterling V .It should hv gone up alittle.Coupled with the getting off of those who boarded on Tuesday ,the afternoon session could be somewhat rocky .

Posted by Balian de Ibelin > 1 week ago | Report Abuse

Yes but other companies shares climbed because they have the skillset to do the core business.

Give it some time
and fresh newbies nexgen will not know that Armada has zero skillset operating an FPSO resulting in transformer blowouts 👍😘

Posted by marlboroman2 > 1 week ago | Report Abuse

I am one of the faithful fansi (the buy to hold type), market as a whole not going anywhere & BA looks like a safe counter imho

Posted by SonniaFang > 1 week ago | Report Abuse

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months.

https://www.thestar.com.my/business/business-news/2024/07/12/aneka-jaringan-wins-rm53mil-logistics-hub-job

Posted by SonniaFang > 1 week ago | Report Abuse

Oil theme still in play

Posted by Russel > 1 week ago | Report Abuse

Holland

Posted by gamble > 1 week ago | Report Abuse

run...will reach 0.5 as per uob advice.

Posted by steady31 > 1 week ago | Report Abuse

BOD of Armada is poor in capital management.With such high consistent earnings and having so aggressively paid down bank borrowings to now a very comfortable level,, it is high time they consider paying dividends to sustain a higher share price. For a start 3 cents dividend is not generous as it will amount to a payout of 25% of earnings. Share price will definitely strengthen and 1.00 is not impossible as dividend yield would just be 3.3%

Posted by Balian de Ibelin > 1 week ago | Report Abuse

no reason to pay you, when ultimately will be delisted later, my money is my money 😁

Posted by vespa > 1 week ago | Report Abuse

spot on steady31... major shareholder appears to be all about himself and the faithfull are bearing the cost.. poor souls

Posted by leeabraham > 1 week ago | Report Abuse

very sad lah. holding faithfully since 0.55 last year and now also this price. look astro also dead, maxis no move (AK, pls monitor yr management, what r they doing, high salary??)

Posted by marlboroman2 > 1 week ago | Report Abuse

Okay, Holland 1 - Malaysia 0.
Monday betting odds Holland give back half ball to Malaysia.

Posted by Gabriel Khoo > 1 week ago | Report Abuse

https://www.klsescreener.com/v2/news/view/1358043

Posted by marlboroman2 > 1 week ago | Report Abuse

Betting odds now for halftime :
+ 1 ball, + 1.5 ball

Posted by bullrun168 > 1 week ago | Report Abuse

Walaoeh, what happend ?
Super damn hot man Armada today !
Now Armada was traded at @0.585 (+0.015) (+2.6 %)
Heng ah, Ong ah, Huat ah !

Posted by TimCoke > 1 week ago | Report Abuse

0.68

Posted by nikicheong > 1 week ago | Report Abuse

Pharos announces their update on 18th July 2024. Might be some positive update on their TGT drilling and/or license extensions.

Posted by Penarak > 6 days ago | Report Abuse

Yesterday was good.Today not so good .

Posted by Balian de Ibelin > 6 days ago | Report Abuse

Today, the production risers are blocked, transformer may blow soon. 😁

Posted by Genovese > 6 days ago |

Post removed.Why?

Posted by SonniaFang > 6 days ago | Report Abuse

Ya, because oilprices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, Penarak ..https://www.thestar.com.my/business/business-news/2024/07/16/oil-prices-fall-on-lingering-chinese-demand-concerns

Posted by Penarak > 5 days ago | Report Abuse

No.Oil prices are up and down.This is caused by the off loading from last Tuesday.Will go on till Thursday.

Posted by leeabraham > 5 days ago | Report Abuse

another koyak day for BAB:(

Posted by ITreeinvestor > 5 days ago | Report Abuse

FPSO accepted at last... six months after producing first oil in India
https://www.upstreamonline.com/rigs-and-vessels/fpso-accepted-at-last-six-months-after-producing-first-oil-in-india/2-1-1677622

Posted by ITreeinvestor > 5 days ago | Report Abuse

Anyone with full article?

Posted by Alex Chua > 5 days ago | Report Abuse

No power

Posted by ocbc > 5 days ago | Report Abuse

collect slowly , no worry type !

Posted by TimCoke > 5 days ago | Report Abuse

many bankers are collecting a

Posted by Robert Waters > 4 days ago | Report Abuse

Or maybe they are disposing, as much as they can without breaking the market.

Posted by 696988 > 4 days ago | Report Abuse

Some people keep throwing and some people keep collecting the ticket

Posted by TimCoke > 4 days ago | Report Abuse

normal la in stock market

Posted by SonniaFang > 4 days ago | Report Abuse

In the United States, the world's largest oil producer and consumer, crude oil inventories fell by 4.4 million barrels in the week ended July 12 . Oil 🆙

https://www.thestar.com.my/business/business-news/2024/07/17/oil-prices-edge-up-on-us-inventories-but-china-caps-gains

Posted by nikicheong > 4 days ago | Report Abuse

Sonnia I think you're in the wrong company. Not suited to what you are looking for (movement with oil prices).

Posted by vespa > 4 days ago | Report Abuse

Robert Waters, you could probably be right but the saving grace is that downside is limited (says he)..glad am out of this but if it falls to the silly price region may reconsider..

Posted by Robert Waters > 3 days ago | Report Abuse

This counter has a potential to deliver profit to all of us long in the game to greater extent than the darlings like Yinson, but it will likely take longer and be less profitable than we hoped for.

Posted by ITreeinvestor > 3 days ago | Report Abuse

Pharos Operation Update:

TGT Revised Field Development Plan (RFDP) was approved by the Ministry of Industry and Trade (MOIT) on 9 January, enabling the two-well drilling programme to commence in 3Q

Posted by ITreeinvestor > 3 days ago | Report Abuse

CNV RFDP agreed by all Partners and awaiting formal approval

Positive progress towards obtaining TGT and CNV licence extensions

Discussions continue with several interested parties in preparation for the drilling programme on Block 125

Posted by nikicheong > 3 days ago | Report Abuse

Again, based on my checking with Pharos Energy, the extension to the FPSO charter has been agreed to in principle but no formal signing has taken place.

Basically, they will not be proceeding with drilling two new wells unless there is a charter extension to the FPSO, which expires at the end of this year.

The FPSO will either be extended for a 7 year firm period, or for a 2 year firm + 5 year option period.

Posted by Gabriel Khoo > 2 days ago | Report Abuse

BMI, a subsidiary of Fitch Solutions, expects that as Petronas actively invests in overseas liquefied natural gas (LNG) projects and expands its global LNG portfolio, it will promote further expansion of LNG transactions in the country.

According to a BMI statement, Petronas has invested in the Gladstone project in Australia and the LNG project in Canada, and recently participated in the production sharing contract (PSC) of the Masela oil field with a 15% stake, including the Abadi LNG project in Indonesia.

It is understood that the Indonesian government approved the development plan of Masela in December last year, and Petronas and its partners have not yet made a final investment decision on the Abadi project.

There was also an agreement signed last year with Bumi Armada (ARMADA, 5210, Main Board Energy Stock) and PT Davenergy Mulia Perkasa, the natural gas subsidiary of Indonesia's National Petroleum Corporation (Pertamina), to develop a floating LNG project using feed gas from Madura and surrounding oil fields.

However, BMI said that these investment plans are still in the early stages and have not been further promoted.

However, BMI added that Petronas is looking to enter China and other emerging markets to reduce its reliance on the Japanese market as these emerging markets become increasingly important for it to maintain LNG exports.

"China is now generally considered a fast-growing LNG market, but it still offers significant LNG export opportunities."

As of the end of April, Malaysia's share of China's LNG market is limited, accounting for 11.5% of China's LNG imports, far lower than (32.5%) and Qatar (25.9%).

In addition to China, Petronas has a 15-year long-term contract with Thailand's PTT to supply 1.2 million tonnes of LNG per year.

"As Thailand's demand for LNG grows and PTT is expanding its LNG regasification capacity, this will hopefully increase Petronas' exports to Thailand."

In addition, BMI pointed out that Petronas also exports spot LNG to Taiwan, Bangladesh, Singapore and Pakistan, and Vietnam may become the next target market.

Posted by Gabriel Khoo > 2 days ago | Report Abuse

Nick. Would there be any charter rate to re-nego for the contract under option to extend

Posted by nikicheong > 2 days ago | Report Abuse

Gabriel as I understand it, for TGT no renegotiation of rates. It should be broadly in line with previous charter extension. If anything, rated might be lower, but only marginally.

Posted by nikicheong > 2 days ago | Report Abuse

Ambank downgrades to RM0.60. Very odd update given that there's no update or changes to fundamentals.

Posted by Gabriel Khoo > 1 day ago | Report Abuse

Can you share the report?

Posted by SonniaFang > 6 hours ago | Report Abuse

MISC could take a substantial stake in Bumi Armada

https://theedgemalaysia.com/node/718246

Posted by TimCoke > 5 hours ago | Report Abuse

I bet this is a real one

Posted by Robert Waters > 4 hours ago | Report Abuse

It is sad. They have NOTHING.

Posted by TimCoke > 3 hours ago | Report Abuse

Lets see ^^

Posted by daretocutandchange > 3 hours ago | Report Abuse

no matter what happen as long as it's earning and borrowing keep on improving, eventually the share price will going up

Posted by Macgyver11 > 3 hours ago | Report Abuse

Adoi! Balik 0.55 lagi. 🤦
Armada favourite number 0.55..😁😀