Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats ! So that our politic will be stable for another 3 years till 2023 election ! It’s good for our economy, like that next week KLSE will be spike up like mad already !
8.4 billion loans, uum, quite low, why don't the smart management borrow more. Dividend, no idea when was the last time paid. Profit margin is negative 8.4%, not excessively bad. Good for trading amid poor performance but many traders.
Mabel Energy Yinson Holdings Bhd’s net profit in the second quarter (Q2) ended July 31, 2020 rose 144 per cent to RM100.36 million from RM41.14 million in the same quarter last year. Earlier her elder Sister Mabel Energy Bumi Armada recorded another stellar 155 per cents rose in profits to RM 114 million from previous quarter. When combine, it creates the World Biggest FPSO. All these two FPSO operator has operating presence in Asia, Africa and Europe. FPSOs contracts are bankable, providing steady visibility (long-term charters, termination protection) with reasonable project IRRs. FPSOs tender pipeline are strong and steady. Currently, Armada and Yinson is ranked in P3 in Mabel Energy collection Fossil Fuel Battleships.
uhuk uhuk. more analysts upgraded Armada price. only Maybank analyst still sleeping TP 15senbetter dont be an analyst like this. brent almost USD43 already. For sure oil will float on water. Supertanker will float too on water. today green then supertanker will float lah.
Armada books are strong. But O&G industry is badly affected by current environment which are expected to be largely unchange until 1H2021. We invest into armada based on their fundamentals. Don't expect it to start moving fast in the near term. This stock is and has always been like an elephant. In the long term, upside is bright.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
strattegist
23,459 posts
Posted by strattegist > 2020-09-25 15:47 |
Post removed.Why?