Dont just look at TA, look at the FA and the catalyst. The catalyst is quite strong now with brent is boutta break $51 soon. Although our political shit made quite a mess now it will only halted armada advance. Just see la out of 400s counters went negative today only armada made it green..honestly armada is safe to go. Still, I dont encourage u to buy, this is not buy/sell calling, trade at ur own risk.
Maybe retreat back...Dr M join force with kuli to over throw this PN govn in budget presentation tomorrow. Too many turbulence in our politic, one side Anwar unrelevent claim and in other side Dr M & Kuli. Let see how.
I honestly not into PN, but I wish them success tomorrow. Note that, stock market right now are overvalued, most of them. For it to continue rising without correction it must continue to follow the "recovery theme" as played by global market. To be halted by a change of government would means a disaster for us investors. This has became a gamble, if the budget surpassed we might see KLCI at 1700++ (which we can assume armada goes for 0.4+), if its not then deep correction.
I am to hold anyway, I doubt Muhiyyiden won't do a thing about this plus they been able to approve most of the budget phases without failing until now. Note : My comments are not buy/sell call, trade at your own risk.
Only small brain will believe what JPMorgan says. "JPMorgan fined $1.26 billion for manipulating precious metals, treasury market, Banking News & Top Stories - The Straits Times"
Since Mouse too lazy to attend class, let Mummy educate you with more lesson...
The US is always very jealous of other country success. China got Huawei the most innovative tech company in the world, they jealous. We Malaysia got 1st Biggest Glove Makers, 2nd Biggest palm oil and 3rd Biggest Rubber Producer, they jealous.
US jealous Malaysia got so much palm oil, they have anti-palm oil campaign US jealous Malaysia produce so much gloves, they have JP Morgan downgrade the sector whereas US Tesla boleh PE 1000x! But gloves PE 16x dah downgrade. JP Morgan has buy call on Tesla even thought Tesla PE is 1000x!
So Western country can have high PE but Asian country cannot have high PE is it? Cos Top Glove PE only 16x already downgraded by JP Morgan.
Only small brain mouse will believe JP Morgan. Since you always think you are good at looking at Financial, please go and Study TG Financial Report..
Our offers still stand. Come to our TDM Medical Centre. Our Dr Ooi is still waiting patiently with long needle vaccine from Mabel MyeG and Dphama.. Mickey can choose which vaccine you prefer as we have one from China which is Halal and one from America...
China one got Bruce Lee Kung fu while the American one got Chuck Norris Karate
Both are fantastic vaccine that will cure Mickey for good...
Yinson is trading at 12x FY2021 PE, Armada is trading at 5x FY2020 PE. As Armada inevitably posts another profitable quarter in 4Q2020, one has to wonder, is it just a matter of time before the valuation gap between Armada and Yinson narrows. Food for thought.
KUALA LUMPUR: An eventful day is expected in Parliament on Tuesday (Dec 15) as Budget 2021 undergoes its third and final reading before it is voted on. A small group of protestors gathered on the road leading to the Parliament building from about 8.30am, adding to the unfolding drama.
This comes after lawmakers are scheduled to wrap up debates and vote on the final two allocations for the Education and Higher Education ministries at the committee stage. So far, allocations for 25 out 27 ministries have been passed at the committee stage.
The Opposition had called for bloc voting on allocations for more than five ministries, including the Finance Ministry and the Prime Minister's Department, but failed to garner sufficient votes each time. The highest number the Opposition achieved through a bloc vote was on Dec 2, with 104 votes against and 110 for the International Trade and Industry Ministry's RM1.2bil allocation. However, all eyes will be on the Opposition to see if they will call for a bloc vote at the budget's final third reading, which is expected to occur after 2pm on Tuesday (Dec 15). A defeat of the budget at this stage would not lead to a collapse of the government but would be akin to a no-confidence vote against the Perikatan Nasional administration. There has been some rumblings among the Opposition following calls by political veterans Langkawi MP Tun Dr Mahathir Mohamad and Gua Musang MP Tengku Razaleigh Hamzah for MPs to vote based on their conscience should a bloc vote at the third reading is called. Budget 2021 was tabled on Nov 6 and attempts by Pokok Sena MP Datuk Mahfuz Omar to call for a bloc vote at the end of policy stage debates on Nov 26 failed when only 13 MPs stood up in to trigger a bloc vote, two short of the required 15 under Parliament's Standing Order.
People, what are Fpso projects coming up that Armada could bid for?
Limbayong, Patawali, Nam Du (Vietnam), Forel (Indonesia), PY-3 (India).
Realistically, can Armada Claire get redeployment? Every year, since 2016, Bumi Armada is spending over RM50mil to maintain it. Why not just scrap? Immediately profits go up by RM50mil annually!
tkl88 Wow, Amazing ! Damn hot man Armada today ! What happend ? Now Armada already traded at 0.40 (+0.015) (+3.9 %) ! Today Armada probably will be closed at 0.65 (+0.265) (+68.8 %) ! Keep it up Armada !
Huat ah ! Heng ah ! Ong ah !
17/12/2020 3:10 PM
If today can reach 0.42 is good.
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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....
dusti
2,404 posts
Posted by dusti > 2020-12-14 16:11 | Report Abuse
READY TO SPRING. BUY NOWFOR TOMORROW OR WEDNESDAY