Posted by Mikecyc > 2020-11-24 13:23 |

Post removed.Why?

Posted by Mikecyc > 2020-11-24 13:26 |

Post removed.Why?

Posted by Mikecyc > 2020-11-24 13:57 | Report Abuse

The World Bank expects oil to average $44 per barrel next year, slightly up from an expected average of $41 a barrel this year. The projected 2021 average will still be significantly lower than the 2019 average oil price level of $61 a barrel.2020年10月22日

Posted by Mikecyc > 2020-11-24 14:00 |

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Posted by bulldog > 2020-11-24 16:00 | Report Abuse

Mickey mouse naysayers 3 stooges monkey donkey chicken out. Please do not shy away.
Please come back to TDM specialist hospital for mental disorders treatment follow up

Huat chaiii

Posted by bulldog > 2020-11-24 16:01 | Report Abuse

Armada uptrend is unstoppable

Huat chaiii

Posted by bulldog > 2020-11-24 16:01 | Report Abuse

Hold tight

Huat chaiii

Posted by Chaostrader > 2020-11-24 16:27 | Report Abuse

Sentiment driven stock bah...no point talking historical analysis....n sentiment right now is bullish...d rest is bullshit!!

Posted by nikicheong > 2020-11-24 21:43 | Report Abuse

Can anyone pls share the latest report from RHB and CIMB for Armada? It's not posted on this website.

Posted by Gabriel Khoo > 2020-11-24 23:49 | Report Abuse

Bumi Armada - CIMB
BAB makes progress with OSV disposals
■ 9M20 core net profit was in line at 75% of our/consensus full-year estimates.
■ Maintain Add but cut DCF-based TP to 43 sen (Ke: 14.5%) despite rolling
forward to end-CY21F, as BAB’s cash collections are slower than expected.
■ BAB is undervalued, in our view, but lacks immediate catalysts. The key
potential rerating catalyst is if it succeeds in its 2021 debt renegotiations.

Posted by weida8877 > 2020-11-25 00:18 | Report Abuse

Oil is coming.

Posted by FutureGains > 2020-11-25 00:27 | Report Abuse

Brent oil 48

Posted by tkl88 > 2020-11-25 01:25 | Report Abuse

Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬

Posted by JoshuaMS7 > 2020-11-25 04:54 | Report Abuse

yaya 0.300 is kambing kambing!!

Posted by tkl88 > 2020-11-25 06:34 | Report Abuse

‪Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24
(+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !

Posted by Mikecyc > 2020-11-25 07:49 |

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Posted by Mikecyc > 2020-11-25 07:52 |

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Posted by vespa > 2020-11-25 08:23 | Report Abuse

nikicheong..RHB research

Maintain BUY and MYR0.38 TP, 41% upside. 9M20 results are deemed
within expectations, potentially dragged by the anticipation of seasonally
weaker offshore marine services (OMS) segment in 4Q20F. 9M20 core
earnings improved 37% YoY, underpinned by better FPO numbers. Bumi
Armada’s risk-reward profile stays attractive, as its current 4x FY21F P/E
and 0.4x FY21F P/BV (-1.5SD from its 5-year mean) reflect an elevated
2.6x net gearing, as at 3Q20

Posted by i3lurker > 2020-11-25 08:33 | Report Abuse

most people are firing huge rockets at 30 sen
Mabel confirmed she is firing her cruise missiles at 30 sen.

I am standing by to throw some stones at 29.5 sen

Posted by Jjkcl > 2020-11-25 08:56 | Report Abuse

Opening rocket

Posted by Mabel > 2020-11-25 09:05 | Report Abuse

#i3lurker most people are firing huge rockets at 30 sen
Mabel confirmed she is firing her cruise missiles at 30 sen.

I am standing by to throw some stones at 29.5 sen
25/11/2020 8:33 AM

I say i3luker, why you want to kacau my Lobsters ?

IB Forecast is 69 sen mah...

Why not throw your stone at 49.5 sen. Good money for you Mah...

Meow..

Posted by Chaostrader > 2020-11-25 09:24 | Report Abuse

Sell into strength...buy on dips on an uptrend...don't rely on hope

Posted by nikicheong > 2020-11-25 09:31 | Report Abuse

Crude oil rally also Armada barely moving. I wonder what is holding it back??

Posted by nikicheong > 2020-11-25 09:32 | Report Abuse

Read Enquest update here.

Average gross production at 37,783 Bopd in the ten months to the end of October remains ahead of the top end of guidance and has increased c.10% year on year. Production efficiency year to date remains high at 86% with the floating, production, storage and offloading vessel continuing to perform well. In September, the shutdown was successfully completed, with essential maintenance undertaken as planned.

Overall subsurface and well performance remains good and production optimisation activities continue through improved injector-producer well management. Water cut rate evolution remains stable. The Group expects Kraken production to be slightly above the 30,000 Bopd to 35,000 Bopd (gross) full year guidance range.

https://www.enquest.com/media/press-releases/article/operations-update-8

Posted by nikicheong > 2020-11-25 09:34 | Report Abuse

The above extract is for Armada Kraken. 10% improvement YoY until YTD October.

Posted by JoshuaMS7 > 2020-11-25 09:36 | Report Abuse

waa oil price broke 48 usd per barrel!! what should waiting for BA?

Posted by GGecko > 2020-11-25 09:36 | Report Abuse

Nikicheong, what's holding armada today is due tomoro's budget voting day. If approved by tomoro evening, armada will fly on Friday.

Posted by GGecko > 2020-11-25 09:40 | Report Abuse

Nikicheong, what's holding armada today is due to tomoro's budget voting day. If approved by tomoro evening, armada will fly on Friday

Posted by nikicheong > 2020-11-25 09:41 | Report Abuse

@GGecko, how is budget relating to Bumi Armada? >98% of their revenue is from outside Malaysia ma

Posted by GGecko > 2020-11-25 09:48 | Report Abuse

Niki, it's all about sentiment. Yesterday abt 1000 counters were down. The -ve sentiment will continue today n Tomoro. If budget is not approved, new PM will be appointed. Market doesn't like uncertainty. All external factors r wonderful, Dow was 30k for the first time, oil is now USD48, Dow futures up 150 points, third vaccination candidate was announced, Biden will move in to the White house without any issue anymore, yet we r still stuck in second gear mode in Bursa. All bcos of our stupid politicians in parliament.

Posted by JoshuaMS7 > 2020-11-25 09:55 | Report Abuse

yaya it seems like too risky tomoro budget debate

Posted by i3lurker > 2020-11-25 09:57 | Report Abuse

budget is postponed to Dec lah
need more time for wink wink activities

suffer is the Rakyat coz it means after wink wink conclusion is no loan moratorium.
after wink wink ALL MPs change tune and say Rakyat is very rich like Mabel eat lobster got Birkin bag so no need loan moratorium

Posted by Sslee > 2020-11-25 10:08 | Report Abuse

Haha i3lurker will also throw my remaining 100,000 units at 29.5 cents.

Posted by i3lurker > 2020-11-25 10:11 | Report Abuse

sslee

so its Bintang beer and lobster day again
Cheers

Posted by Sslee > 2020-11-25 10:16 | Report Abuse

Haha after throwing at 29.5 cents then must buy back at 30 cents from Mabel so everyone can go happy hour beer with lobsters. Double cheers

Posted by i3lurker > 2020-11-25 10:21 | Report Abuse

sslee

thats quite true also
I normally allocate 10% of my profits to buy back in at higher price

thats from experience coz if price goes up gets more profits
if price goes down then I dun mind coz got profits locked in at 90%

Posted by nikicheong > 2020-11-25 10:21 | Report Abuse

We want to hit RM0.40 by end year, then RM0.65 by early next year. Terminal TP should come to RM0.80 by end of next year.

Question is - what is catalyst?

If you look at Maybank TP of RM0.17 based on SOTP, they use net debt of RM8.3 bil as opposed to latest figure of RM7.9bil. This alone adds RM0.08/share to the value. They also knocked down Kraken NPV, while recently Bumi Armada has begun writing back Kraken's value. So the NPV there is wonky. Plus they assume ZERO extensions for all their projects. Very dumb TP by Maybank.

I think catalyst is if they announce debt restructuring by year end. Or if ONGC confirms that the 98/2 FPSO is a go. Or if they announce a significant OMS contract. Or if they sell / get a contract for Armada Claire.

All I can say is Bumi Armada is very undervalued. They are "cleaning up" (selling cold stacked OSVs slowly). Plus depreciation charges have increased this year, which means future depreciation will be lower and the Company's future profitability could be enhanced.

Posted by pang72 > 2020-11-25 10:28 | Report Abuse

I3lurker,
Look like your Armada will not bankrupt and start to fly...

Posted by pang72 > 2020-11-25 10:28 | Report Abuse

I add my position here!!

Posted by i3lurker > 2020-11-25 10:30 | Report Abuse

USD40 is breakeven for North Sea Oil, very harsh conditions there

buy with confidence

Posted by GGecko > 2020-11-25 10:33 | Report Abuse

Price below 30 Sen is still cheap. By next week, it will not be at this price anymore. OPEC ++ is meeting on 29th n 30th with an anticipated +ve outcome which could fuel O&G fine run further

Posted by Cakes Moon > 2020-11-25 11:01 | Report Abuse

Buy!!!
Sapu!!!

Posted by i3lurker > 2020-11-25 11:05 |

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Posted by strattegist > 2020-11-25 11:24 | Report Abuse

looks steady...

Posted by MM78 > 2020-11-25 11:45 | Report Abuse

Armada has the potential to make 6 sens EPSor more in Fy 2021, so TP of 10 X EPS = 60 sens or more is not unreasonable .As long as OSV division does not need much impairment as oil price holds, the current valuations is definitely low. That is my 2 sens....

Posted by KAQ4468 > 2020-11-25 11:45 | Report Abuse

Peewiittttt

Posted by KAQ4468 > 2020-11-25 11:46 | Report Abuse

New bungalow.. New audi.. New wife


Kambinggggg

Posted by MM78 > 2020-11-25 11:46 | Report Abuse

Armada's operating cash flow is strong enough to pay for its due loan payment, hence the Kenaga's negative comment on its debt is overblown..

Posted by GGecko > 2020-11-25 11:47 | Report Abuse

Your 2 Sen opinion is damn worth it

Posted by nikicheong > 2020-11-25 12:35 | Report Abuse

My uncle say operator was pressing the price down. But why???