Posted by pang72 > 2021-02-26 19:44 | Report Abuse

Recovery 9n track

Posted by meadow1628 > 2021-02-26 19:45 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3133362
Quarterly rpt on consolidated results for the financial period ended 31 Dec 2020

1.Revenue 616,038,000
2.Profit/(loss) 138,351,000
before tax
3.Profit/(loss) 135,104,000
for the period
4.Profit/(loss) 144,143,000
attributable to
ordinary equity
holders of the

Posted by JoshuaMS7 > 2021-02-26 21:22 | Report Abuse

Crazy excellent report but only 0.395 shares price!!!

Posted by wehcant > 2021-02-26 21:25 | Report Abuse

KENANGA gives TP 0.21 while AmInvest 0.51. Whom do you believe?

Posted by nikicheong > 2021-02-26 21:34 | Report Abuse

AmInvest TP is so lazy. They use net debt position as at Dec 2019!! What the hell man?!?

Also AmInvest say OMS sector got lumpy gain from vessel disposal and forex gains. But hello...the vessel disposal gain is just RM1.5mil. And the forex gains are wiped by the forex losses in the FPSO sector. Overall, forex loss is RM5mil this quarter.

All in all, they were correct to say the core net profit is RM171mil vs reported net profit of RM144mil. But they focus on tiny immaterial things and fail to update the valuation with new numbers. Very poor report.

Posted by Jjkcl > 2021-02-26 21:36 | Report Abuse

Kenanga jatuh tangga kepala tak betul

Posted by jonathanlum > 2021-02-26 21:38 | Report Abuse

KENANGA gives TP 0.21 while AmInvest 0.51. Whom do you believe?
if you have armada holding, for sure you believe AmInvest
if you dont, you trust KENANGA and wait for 0.21 or lower to get in.
If you dont believe both...close this page and look for other stocks.

Posted by Gohhocks > 2021-02-26 22:30 | Report Abuse

If EPS 2021 can hit 5-7 cents, I think the share price should not be hard to achieve RM 0.5 - RM 0,6 in near term, looking at the debt extended longer. My thought.

Posted by RISK8888 > 2021-02-26 23:51 | Report Abuse

Hey guys, many may not notice that armada borrowing had been reduce significantly for the past fews years. Latest borrowing is 8bil total. It was 11bil 3 years ago. Which means every year armada is generating more than 1bil ++ cash. At this rate, borrowing will be settle within few years, shareholder will start receiving divd soon. Good job the the management team!!!

Posted by MM78 > 2021-02-27 08:41 | Report Abuse

The quarterly profit is better than expected , Armada is on its way for good profitability after years in limbo. At current valuations it is attractive. For those who are still doubtful , you may miss the boat ! With 6-8 sens potential EPS in Fy 2021, the share price will attract more value investors . Armada is a big ship, it takes time to turn around and the latest quarterly results conforms it is heading towards the right direction.

Posted by JoshuaMS7 > 2021-02-27 11:47 | Report Abuse

Based on consecutive qtr profit and revenue gradually grow higher and higher and oil price above 60 usd, generate 100M or more profit every qtr should not be a problem for this company. Just hold tight and see its future, how far it can go, worth to buy in current low and reasonable price!

Posted by Godofgambler > 2021-02-27 13:14 | Report Abuse

https://www.theedgemarkets.com/article/arrival-sinovac-vaccine-important-milestone-pharmaniagas-vaccine-manufacturing-venture

Posted by godhand > 2021-02-27 18:02 | Report Abuse

kenanga is being overly too conservative focusing only on histroy

Posted by nikicheong > 2021-02-28 12:40 | Report Abuse

Tomorrow Kenanga will up to RM0.40++

CIMB and RHB up to RM0.50++

Maybank up to RM0.45++

HL and MIDF up to RM0.70++

Posted by ChristianTan > 2021-03-01 09:20 | Report Abuse

Buy Armada will shoit higher, acquired 500lot just now...

Posted by ChristianTan > 2021-03-01 09:21 | Report Abuse

No resistance at all now...

Posted by investortrader88 > 2021-03-01 09:21 | Report Abuse

already break RM 0.40 ! congrats everyone !

Posted by Sheng93 > 2021-03-01 09:22 | Report Abuse

I want to enter now, otherwisevwill miss the boat

Posted by OrlandoOilSemiconT > 2021-03-01 09:25 | Report Abuse

HLB

Bumi Armada (BUY; TP: RM0.75

Posted by nikicheong > 2021-03-01 09:30 | Report Abuse

Pls share other reports such as CIMB, UOB and RHB

Posted by investortrader88 > 2021-03-01 09:34 | Report Abuse

i already hit 100% profit average price RM 0.21 :):):)

Posted by itch > 2021-03-01 09:42 | Report Abuse

hold on to your tickets, this is a multi bagger!

Posted by nikicheong > 2021-03-01 09:49 | Report Abuse

Maybank TP RM 0.43 (from RM0.17))

https://factsetpdf.maybank-ke.com/PDF/211893_CN__2f93bed17abd4a9885c866a37af5f2b5.pdf

Posted by serpent100 > 2021-03-01 10:24 | Report Abuse

Sell on news

Posted by ChristianTan > 2021-03-01 10:40 | Report Abuse

Buy Armada buyer so strong.....

Posted by ChristianTan > 2021-03-01 10:44 | Report Abuse

Shorties die badly...

Posted by Yupppp > 2021-03-01 10:56 | Report Abuse

investortrader88 i already hit 100% profit average price RM 0.21 :):):)

--------------------------------------------------------------------

So have you sold redi or still holding?

Posted by nikicheong > 2021-03-01 11:02 | Report Abuse

Any other reports? Pls share. Especially for CIMB and RHB!

Posted by meadow1628 > 2021-03-01 11:07 |

Post removed.Why?

Posted by Colin01 > 2021-03-01 11:17 | Report Abuse

Maybank TP very bias favourable to Yinson, IB cannot be trusted all self-interest

Posted by investortrader88 > 2021-03-01 11:19 | Report Abuse

Yupppp investortrader88 i already hit 100% profit average price RM 0.21 :):):)

--------------------------------------------------------------------

So have you sold redi or still holding?
01/03/2021 10:56 AM


@Yuppp.still holding.want to go to the moon with everyone .:):)

Posted by itch > 2021-03-01 11:21 | Report Abuse

JF Apex TP 42c

file:///D:/data/Downloads/20210301%20Bumi%20Armada%204Q20%20results.pdf

Posted by strattegist > 2021-03-01 11:21 | Report Abuse

kfc nyum nyum...

Posted by itch > 2021-03-01 11:28 | Report Abuse

RHB IB latest TP 47c

Posted by itch > 2021-03-01 11:47 | Report Abuse

BUY, new SOP-based TP of MYR0.47 from MYR0.43, 18% upside. Bumi Armada’s FY20 results beat expectations, as its exceptional 4Q20 results were led by sturdier numbers from its floating, production and off-loading (FPO) and Offshore Marine Services (OMS) numbers. We expect cash flow to be resilient, backed by better reliability of its Kraken unit and continuous asset monetisation. Its risk-reward profile remains attractive, as its current 5.7x FY21F P/E and 0.65x FY21F P/BV (-1SD from the 5-year mean) reflect an elevated 2.4x net gearing, as at 4Q20.  Above expectations. At 130% and 129% of our and Street full-year estimates, FY20 earnings of MYR476m (+75% YoY) beat expectations – largely due to a stronger-than-expected JV and associate contribution, on top of OMS profit. No dividends were declared for the quarter, as expected.  4Q20 core profit surged 1.1x QoQ to MYR174m after stripping off MYR5m in unrealised FX losses and MYR27m assets held for sale impairments. This was largely due to the spike in the JV & associate contribution, in the absence of one-off costs recognised this quarter and lower operating costs amidst better Armada Kraken and Olombendo earnings. This was further supported by a stronger OMS segment, led by the translation of fixed deposits despite a weaker OSV utilisation of 49% recorded (3Q20: 56%). As such, FY20 core earnings surged 75% YoY.  Outlook. Armada Kraken achieved an optimal utilisation rate in 4Q20, and we expect stable contribution from all the operating vessels in 2021. However, the OMS segment should continue to face challenges in 2021, but there could be more enquiries on construction vessels, with the spike in oil prices. The maturity date for Tranche 1 (USD260m) of the USD660m term loan facilities has been extended to 23 Nov 2022 from May 2021, with no material change to the financing terms. It will be gradually repaid in the coming quarters. The company has 27 OSVs in its fleet as of end-2020, and further asset monetisation is expected to continue in 2021, to improve cash flow. Meanwhile, ONGC has granted an extension of the completion timeline for the 30%-owned DWN98/2 Development-FPSO project, in view of India’s government guidelines with respect to the COVID-19 pandemic.  We increase FY21F earnings by 3% after lowering the finance cost assumption, and introduce FY23F earnings of MYR414m (+1% YoY) in this report. Our TP rises to MYR0.47, after upgrading our estimates and updating the latest net debt numbers. Our TP implies 6.8x FY21F P/E and 0.78x FY21F P/BV. We think this delay in the maturity date for the Tranche 1 loan facilities will alleviate its near-term financial pressure, and further asset monetisation will strengthen its balance sheet. Downside risks: Potential cash calls, weaker OSV utilisation rates, and a deterioration in Kraken’s operations. 

Posted by vivabursa > 2021-03-01 11:58 | Report Abuse

Back to glory....Oil and gas, continuous quarterly profit is promising

Posted by nikicheong > 2021-03-01 12:00 | Report Abuse

PublicInvest TP RM0.49 (from RM0.32).

Posted by strattegist > 2021-03-01 12:36 |

Post removed.Why?

Posted by armadatuah2017 > 2021-03-01 13:10 | Report Abuse

wasei!!! apa.angin....huat kao2

Posted by armadatuah2017 > 2021-03-01 13:12 | Report Abuse

idoits only eat Kfc

Posted by apple168 > 2021-03-01 13:34 | Report Abuse

Nice! Cheers!

Posted by apple168 > 2021-03-01 13:36 | Report Abuse

20% paper profits... patience is gold...

Posted by strattegist > 2021-03-01 14:14 |

Post removed.Why?

Posted by ItsMeWeldon > 2021-03-01 14:23 | Report Abuse

All in for the big show later

Posted by nikicheong > 2021-03-01 14:34 | Report Abuse

Anyone have CIMB report to share pls?

Posted by alwesvee > 2021-03-01 14:49 | Report Abuse

why still so heavier like elephant..

Posted by paktua73 > 2021-03-01 15:00 | Report Abuse

yes at last break paktua dream rm0.43..
lai lai let go to rm0.48


tut tut
glory for armada now

Posted by itch > 2021-03-01 15:00 | Report Abuse

50c definitely coming soon!

Posted by investortrader88 > 2021-03-01 15:01 | Report Abuse

big shark sapu armada now !

Posted by paktua73 > 2021-03-01 15:04 | Report Abuse

lai lai break rm0.45 before climb till rm0.50




tut tut
lai lai