Posted by mf > 2020-04-15 19:40 | Report Abuse

Oil Prices Slump as IEA Predicts Hefty Demand Drop

Posted by up88up > 2020-04-15 21:00 | Report Abuse

Those that follow Armada closely should know the trend, nothing to worry

Posted by bux0880 > 2020-04-15 21:49 | Report Abuse

Sell on news...Tomorrow fake buy wall before open...

Posted by Legend > 2020-04-15 21:52 | Report Abuse

fake market...

Posted by Gemini > 2020-04-15 22:00 | Report Abuse

https://www.theedgemarkets.com/article/bumi-armada-says-india-fpso-contract-extension-delayed-due-lockdown?type=malaysia

Posted by Gemini > 2020-04-15 22:00 | Report Abuse

Tp 0.10

Posted by ITreeinvestor > 2020-04-15 22:01 | Report Abuse

EXTENSION OF CONTRACT FOR THE CHARTER HIRE OF ARMADA STERLING FPSO IN INDIA ..
Contract extension is expected to contribute positively to the future earnings

Posted by GoodTrade > 2020-04-15 23:16 | Report Abuse

Walao Crude oil price nonstop falling ... What is Brent oil bottom ? $25 ? $20 ?

Posted by Silent75 > 2020-04-15 23:20 | Report Abuse

Run or stay....?? Or buy more.....

Posted by bux0880 > 2020-04-15 23:20 | Report Abuse

Was around 23 first of April if not mistaken

Posted by Gemini > 2020-04-15 23:55 | Report Abuse

Run...... can always buy back later when oil stabilise.

Posted by SuperPanda > 2020-04-16 00:01 | Report Abuse

Stock: [HIBISCS]: HIBISCUS PETROLEUM BHD
Apr 1, 2020 9:45 PM | Report Abuse

even if opec and russia agree to cut supply, the bottleneck is yet to solve, no demand for oil and it will lasted for months to come

Posted by SuperPanda > 2020-04-16 00:03 | Report Abuse

ive been staying aside all the while, congrats those dare to go in and earn profit, me dont earn and losing either this round, all square

Posted by SuperPanda > 2020-04-16 00:05 | Report Abuse

only able to steal chicken at tomei and poh kong for dinner treats

Posted by TAK1 > 2020-04-16 00:39 | Report Abuse

Global scenario now looks so similar to 1932 Depression ended with ww2 in 1940 and now Western country down again may look to China like how they looked to Japan to cause ww3.

Posted by Sonnykwaeh > 2020-04-16 08:05 | Report Abuse

YES today must heavyly SELL SELL SELL all counter down

Posted by lversoncylee > 2020-04-16 08:16 | Report Abuse

Only you selll. We buy.. lolz..

Posted by bux0880 > 2020-04-16 08:31 | Report Abuse

fake buy wall, fake buy wall...

Posted by stingray_ea > 2020-04-16 09:00 | Report Abuse

Non-Oil issue replace current fear and greed. Watch out...major instrument ...

Posted by signalmw > 2020-04-16 09:29 | Report Abuse

Mari mari murah

Posted by up88up > 2020-04-16 09:39 | Report Abuse

Strong support still, buy buy

Posted by tkl88 > 2020-04-16 12:20 | Report Abuse

Noway Armada will drop to 0.10 anymore...
See, even oil price dropped so much, it still stagnant at 0.17 ~ 0.18

Huat ah ! Heng ah ! Ong ah !

Posted by Joe > 2020-04-16 12:27 | Report Abuse

Might start from the bottom again....pull back... for another round...

Posted by HuatlaiOnglai > 2020-04-16 12:58 | Report Abuse

AmInvest is setting a TP for Armada at 0.10. They are dialing in all the risk into TP. Is that the right approach?

Posted by BlackWhite > 2020-04-16 15:09 | Report Abuse

Institutions renew their campaign to push to 1400

Posted by tuapuikia > 2020-04-16 15:21 | Report Abuse

TP 10 cent???!!!!

Posted by al8800 > 2020-04-16 16:02 | Report Abuse

Bloomberg: US jobless rate heading to 20%

Posted by up88up > 2020-04-16 16:42 | Report Abuse

Steady counter

Posted by bulltrap101 > 2020-04-16 17:26 | Report Abuse

Wahsai, belum touch 1400 already go down

Posted by Mabel > 2020-04-16 18:55 | Report Abuse

Wah so nice..

I set this ships on auto cruises..

Most of the time is GREEN..

Meow..

Posted by iwantmymoneyback > 2020-04-16 22:23 | Report Abuse

is the tp 10c ?

Posted by up88up > 2020-04-16 22:40 | Report Abuse

Should break 20c then move higher. Been up steadily everyday

Posted by Mabel > 2020-04-16 23:36 | Report Abuse

Relax...

It's going to be another smooth ride ship. Set your auto cruise to RM 3...

Turn off the lights, take a deep breath....

Enjoy

https://www.youtube.com/watch?v=fTIjbfZZTKk

Meow..

Posted by iwantmymoneyback > 2020-04-17 01:43 | Report Abuse

Rm 3????

Posted by up88up > 2020-04-17 08:31 | Report Abuse

https://www.cnbc.com/2020/04/16/sp-500-etf-jumps-2percent-after-hours-on-report-gilead-drug-showing-effectiveness-treating-coronavirus.html

Posted by BlackWhite > 2020-04-17 09:28 | Report Abuse

What a feat 1400 achieved , now what syok sendiri

Posted by Letsfly > 2020-04-17 10:09 | Report Abuse

https://www.theedgemarkets.com/article/imf-malaysias-gdp-grow-9-2021-fastest-among-asean5-countries

how accurate is this?

Posted by TAK1 > 2020-04-17 10:15 | Report Abuse

Ids continue or stop april

Posted by maggiemee > 2020-04-17 11:56 | Report Abuse

continue

Posted by HuatlaiOnglai > 2020-04-17 12:29 | Report Abuse

Significant difference in TP price set by research house - AMInvest (Sell TP 0.10 vs PublicInvest (N TP 0.21). Time will tell come May.

Posted by Expertise > 2020-04-17 12:34 | Report Abuse

Judge yourself
https://mobile.reuters.com/article/amp/idUSKBN21Y377

Posted by Expertise > 2020-04-17 12:35 | Report Abuse

Judge yourself
https://mobile.reuters.com/article/amp/idUSKBN21Y377

Posted by BlackWhite > 2020-04-17 12:55 | Report Abuse

Letfly, why concern ourselve 2021 whether many of us still got jobs in 2020 a big ?

Posted by BlackWhite > 2020-04-17 12:57 | Report Abuse

Cut production won't change any thing Arabia appears the source of the problem they started the price war in March

Posted by Silent75 > 2020-04-17 13:50 | Report Abuse

Can buy more now?

Posted by KAQ4468 > 2020-04-17 14:49 | Report Abuse

pasti mari

kambing

Posted by Mabel > 2020-04-17 14:56 | Report Abuse

Wah so nice..

My auto cruises is working..

Green all the way..

Meow

Posted by nasrulfahmi > 2020-04-17 15:16 | Report Abuse

up up....reach 20 sen please

Posted by Cryptotrader > 2020-04-17 15:17 | Report Abuse

oil price drop. will not go up.
AMBANK said drop to 0.10

Posted by foo > 2020-04-17 15:52 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.