Posted by bluesky168 > 2021-01-03 20:57 | Report Abuse

After the recession 2015-2020, New year 2021 on-wards will be the start of bull market ~
Armada tomorrow will spike up to break above 0.40 ~

Posted by JohnFarmer458 > 2021-01-04 00:59 | Report Abuse

Next week theme :Oil & Gas

beneficiary counters :-

Hengyuan
Petronm
Armada
Dayang
Hibiscus
Penergy

Steel & Construction will retrace due to cancellation of HSR
Glove will sideway due to WHO approve Pfizer vaccine

Posted by dusti > 2021-01-04 09:13 | Report Abuse

ARMADA SET TO RUN TODAY

Posted by strattegist > 2021-01-04 09:33 |

Post removed.Why?

Posted by Robert Waters > 2021-01-04 10:35 | Report Abuse

This is not too bad. Even 0.43 would mean improvement. Not sure if RHB was a friendly or foe brokerage in the past.
_________________________________________________________

RHB maintains 'buy' on Bumi Armada
TheStar Mon, Jan 04, 2021 09:28am - 43 minutes ago


KUALA LUMPUR: RHB Research reiterated its "buy" recommendation on Bumi Armada Bhd on improved earnings and cash flow visibility, underpinned by stable FPSO contributions masking weaker offshore marine service weakness.

It said the group's risk-reward profile looks attractive as the current 5.2x FY21 price-earnings and 0.5x FY20 prie-book value reflects an elevated 2.6 net gearing as at 3Q20.

Bumi Armada could see higher FPSO earnings in 4Q20 on higher contributions from Armada Kraken following the completion of the scheduled maintanence procedure in September.

"We expect this vessel to deliver a stable performance, and any planned and scheduled maintenance in 2021 should fall within the allowable maintenance days.

"That said, management still does not anticipate any asset write-back to be made in the near term, with regards to Armada Kraken," said RHB.

Meanwhile, it said the OMS segment is expected to face headwinds in 4Q20 due to the absence of sub-sea work orders and potentially lower OSV utilisation rates due to the monsoon season.

However, OSV contributions could improve in 2021 on higher vessel demand on drilling and related projects as Bumi Armada pushes for better spot charter rates.

"Our TP rises to MYR0.43, after narrowing the Kraken’s DCF valuation discount to 10% (from 20%) in view

of better vessel stability.

"Our new TP implies 6.4x FY21F P/E and 0.6x FY21F P/BV," it added.

RHB's base case assumpton is that Bumi Armada will refinance the borrowings due in May so no equity fund-raising would be required.

Posted by dusti > 2021-01-04 13:18 | Report Abuse

WONDERING WHETHER HLG WILL FRESHEN THEIR FORECAST; OR ARE THEY STILL POLISHING THEIR CRYSTAL BALL

Posted by JohnFarmer458 > 2021-01-04 14:02 | Report Abuse

Oil price breaking out
Brent Oil 53.14 +1.29 (2.41%)
Crude Oil WTI 49.59 +01.03 (2.14%)

Posted by Bluey > 2021-01-04 14:46 | Report Abuse

Thanks John for the oil prices. Oil prices are moving up rapidly today, so it be helpful if you can attach time to the prices you display. Thanks again

Posted by Masterbadman > 2021-01-04 14:51 | Report Abuse

Beautiful movement to 0.4 again

Posted by Michael Kwok > 2021-01-04 14:58 | Report Abuse

Last time crude oil USD 50-51 is on early 40 cents.Now crude oil near USD 53 its should over 45 cents.Every 1 USD is 2 cents up for Armada.So now if trade can profit.

Posted by newbie9893 > 2021-01-04 15:09 | Report Abuse

Oil price breaking out. O&G sector is the next theme to play...buy kaw kaw...to be rewarded soon

Posted by strattegist > 2021-01-04 15:42 | Report Abuse

Thank you Armada... nyum nyum

Posted by JohnFarmer458 > 2021-01-04 16:02 | Report Abuse

Oil price breaking out
Brent Oil 53.27 +1.47 (2.84%)
Crude Oil WTI 49.83 +01.31 (2.66%)

Posted by nikicheong > 2021-01-04 16:36 | Report Abuse

Does anyone have the full RHb report?

Posted by Alexloc04 > 2021-01-04 16:46 | Report Abuse

Masterbadman Beautiful movement to 0.4 again

04/01/2021 2:51 PM

Hope next few days will break 0.40.
Break 0.50 before Chinese NY

Posted by investortrader88 > 2021-01-04 18:15 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/01/04/rhb-maintains-039buy039-on-bumi-armada

Posted by nikicheong > 2021-01-04 18:41 | Report Abuse

RhB pdf report, not from thestar

Posted by Chaostrader > 2021-01-05 11:27 | Report Abuse

IB recommend buy...u sell!!

Posted by armadatuah2017 > 2021-01-05 11:46 | Report Abuse

when IB recommends, most of the time it signals selling in parallel with its "buy" calls.

Posted by investortrader88 > 2021-01-05 12:54 | Report Abuse

We expect crude oil prices to average at USD55/bbl (from USD50/bbl previously) based on (i) OPEC’s commitment to stabilise oil prices at higher levels, (ii) recent Covid-19 vaccine developments, (iii) buoyant crude oil demand from China and (iv) decreasing US crude oil inventories. While the downside risks for crude oil are still apparent, we believe that the fundamentals of crude oil prices are improving. However, most O&G players in Malaysia are still predominantly dependent upon Petronas’ capex spending. We believe that Petronas would still remain frugal on its capex spending as the Malaysian government is still heavily reliant on Petronas for its dividends. Maintain NEUTRAL on the sector as we believe that earnings recovery for O&G services players is not imminent at this juncture. Our top pick for the sector is Bumi Armada (BUY; TP: RM0.65).

OPEC agrees to ease production by 500kpd. While consensus have expected OPEC+ to maintain its current level of 7.7mpbd production cuts up till the end of March, the decisiveness from OPEC+’s part on the aforesaid matter offers great reassurance with regards to its commitment to keep oil prices afloat.

Oil demand expected to be supported by China demand and lower US crude oil inventory. We believe that oil demand would be supported by better than expected economic recovery in China and declining US crude oil inventory.

Vaccine discovery is key for an oil price recovery. The successful distribution of an effective vaccine could more than offset all headwinds that are currently plaguing the O&G industry as the demand for oil could rise by almost 10mpbd. Furthermore, future production of oil is expected to remain lower than pre-Covid-19 levels due to the massive capex cuts on E&P activities from most oil majors.

Downside risks to oil prices. (i) Resurgence in Covid-19 cases globally could dampen demand for oil and (ii) soaring Libyan oil production could also pose a risk towards oil prices as Libya is exempted from OPEC+ cuts until its output stabilizes at 1.7mbpd. Libya’s oil production has already exceeded 1.2mbpd in November from below 100kbpd just 2 months ago. (iii) Easing of sanctions on Iran and Venezuela could add at least c.2mbpd of supply to the oil market in the long-run.

Upward revision in oil prices. Based on the aforementioned factors, we revise our average oil price forecast from USD50/bbl to USD55/bbl in 2021 and we introduce our 2022 oil price forecast at USD60/bbl. We believe that crude oil demand would surpass supply in 2021 and a greater equilibrium is expected after a discovery of a successful vaccine.

Forecast and changes in call/TP: We make no changes to our earnings assumption post-3QCY20 results but have revised our target prices for Velesto and MMHE by raising our P/B targets for Velesto and MMHE to 0.4x and 0.3x (from 0.35x and 0.2x previously) based on the improving sentiments on oil prices, maintaining our HOLD rating. Hence, our TP for Velesto and MMHE rises to RM0.14 and RM0.43 (from RM0.12 and RM0.30 previously). We have also downgraded our call on PCHEM from Buy to HOLD, leaving our TP and call unchanged as share prices have already increased by 34% since our upgrade on the stock.

Maintain NEUTRAL. We believe that it is not the time yet to be Overweight on the sector as we opine that Petronas will not ramp up on its capex spending despite higher oil prices due to its dividend commitments to the Malaysian government. Our top pick for the sector is Bumi Armada (BUY; TP: RM0.65). While Bumi’s share price has increased by 66% since we have upgraded the stock, we believe that there is still plenty of upside as we view that the stock is still undervalued, trading at a FY20/21 P/E of 5.5/5.4x.

Source: Hong Leong Investment Bank Research - 7 Dec 2020

Posted by strattegist > 2021-01-05 18:09 | Report Abuse

closed red

Posted by meadow1628 > 2021-01-05 19:52 | Report Abuse

Oil price spike up ..
Brent at $52.04 +0.95 +1.86%

Posted by JohnFarmer458 > 2021-01-05 22:38 | Report Abuse

Oil price as of now

Brent Oil Price 52.73 +1.64 (+3.20%)
WTI Crude Price 49.42 +180 (+3.70%)

BREAKING NEWS: Crude Oil Rises as Russia reportedly abandons push for February output hike

BREAKING NEWS: Oil Prices rise on Iran worries as OPEC+ talks continue

Posted by meadow1628 > 2021-01-05 22:59 | Report Abuse

Oil price continue spike up ..
Brent at $52.86 +1.77 +3.46 %

Posted by JohnFarmer458 > 2021-01-05 23:54 | Report Abuse

Oil price as of now

Brent Oil Price 53.36 +2.27 (+4.42%)
WTI Crude Price 50.00 +2.38 (+5.00%)

BREAKING NEWS: Crude Oil Rises as Russia reportedly abandons push for February output hike

BREAKING NEWS: Oil Prices rise on Iran worries as OPEC+ talks continue

Posted by apanama > 2021-01-06 02:23 | Report Abuse

USD 56 is next target for Brent oil. Then USD 60.then USD 65..Get ready to see Armada flying.

Posted by investortrader88 > 2021-01-06 08:33 | Report Abuse

oil break RM 53.hope this morning energy counter include Armada will fly !

Posted by bearcomebullgone > 2021-01-06 08:38 | Report Abuse

matilah ako belum masok lagi kimaks... hari ni 10% bahtu... puck

Posted by dusti > 2021-01-06 09:04 | Report Abuse

Already 37

Posted by Alexloc04 > 2021-01-06 09:08 | Report Abuse

Hope this week exceed 0.41. Go good go
Up up up

Posted by JohnFarmer458 > 2021-01-06 09:34 | Report Abuse

Brent oil going to 54$

Posted by bursabursa > 2021-01-06 10:20 | Report Abuse

Gogogo

Posted by Kengor > 2021-01-06 11:30 | Report Abuse

gogogo

Posted by bulldog > 2021-01-06 11:45 | Report Abuse

Accumulation in progress

Huat chaiii

Posted by armadatuah2017 > 2021-01-06 12:01 | Report Abuse

ya...blocked...

Posted by HuatlaiOnglai > 2021-01-06 12:05 | Report Abuse

Ready to rocket this afternoon!

Posted by Alexloc04 > 2021-01-06 12:48 | Report Abuse

HuatlaiOnglai Ready to rocket this afternoon!

06/01/2021 12:05 PM

Support you.
Looking forward to see rocket sign

Posted by bursabursa > 2021-01-06 14:56 | Report Abuse

Join at. 36

Posted by strattegist > 2021-01-06 16:15 | Report Abuse

Thank you Armada...

two rounds today.... nyum nyum

Posted by dusti > 2021-01-06 16:15 | Report Abuse

A VERY STRONG HAND IS INCHARGE; FIRSY TRANSACTION THIS MORNING WAS 37, BUT SINCE THEN NO OTHER DEAL HAS BEAT IT, INSPITE OF RISINGOIL PRICE. CAN SOMEONE EXPLAIN??

Posted by William Ng > 2021-01-06 21:20 | Report Abuse

not enough oil, that's why cant up

Posted by Jjkcl > 2021-01-06 22:14 | Report Abuse

Fake buy Q, to make half cent profit.

Posted by Ppinvestmaster > 2021-01-06 22:36 | Report Abuse

Top pick oil counter

Posted by William Ng > 2021-01-07 07:34 | Report Abuse

Brent oil 54~

Posted by meadow1628 > 2021-01-07 09:18 | Report Abuse

Quite weird, oil price all the way up but Armada's price dropped

Posted by wehcant > 2021-01-07 09:24 | Report Abuse

Retailers responding to US Capitol siege. That's why Bursa is down. UMNO's threat is insignificant. Kaka

Posted by dusti > 2021-01-07 10:08 | Report Abuse

Brent crude is now 54.43

Posted by dusti > 2021-01-07 10:09 | Report Abuse

Curfew in Washington is NOT our problem, umno is, we live here

Posted by meadow1628 > 2021-01-07 10:55 |

Post removed.Why?

Posted by strattegist > 2021-01-07 11:32 | Report Abuse

sustain