Posted by armadatuah2017 > 2021-03-01 15:07 | Report Abuse

omfg....go up up...my 600K shares worth some money now

Posted by strattegist > 2021-03-01 15:08 | Report Abuse

redeem more kupon... more kfc barrels... nyum nyum

Posted by investortrader88 > 2021-03-01 15:08 | Report Abuse

@paktua.

bro ..apa khabar
ar bro.ada senyum :):)

Posted by meadow1628 > 2021-03-01 15:12 | Report Abuse

Wow, why suddenly spike up like mad ???
Now Armada already at 0.435 +0.04 +10.1 %

Heng ah, Ong ah, Huat ah !

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

haha investortrader88..
alaa sinyum wooo..
armada reach ready rm0.43..
dayang stand above 1.55 now..



tut tut
lai lai break rm0.45

Posted by MM78 > 2021-03-01 15:20 | Report Abuse

As said, with the latest quarterly results more than RM 100 millions, investors will jump in though a little late Never mind, we the strong believers makes money .

Posted by itch > 2021-03-01 15:25 | Report Abuse

CIMB TP 44c from previous 43c

Posted by itch > 2021-03-01 15:27 | Report Abuse

FY20 core net profit of RM448m was 124%/120% of our/consensus’ forecasts due to a surge in associate profits and forex translation gains. ■ We raise our FY21-22F forecasts because the higher 4Q20 associate profits are partially sustainable, and we also factor in contribution from FPSO 98/2. ■ With higher oil prices and BAB’s successful debt restructuring, BAB’s risk profile is declining, supporting our Add call with a higher SOP TP of 44 sen. Surprisingly-strong 4Q20 core net profit driven by associates BAB’s 4Q20 core net profit of RM174m was more than 6-times higher than 4Q19’s and more than twice the immediately-preceding 3Q20, due to a 153% rise in BAB’s share of JV profits, and some forex translation gains. The rise in share of JV profits was the result of the extension of the FPSO Sterling 1 contract, in which BAB has a 50% stake, commencing 4Q20. The Sterling 1 JV had also expensed the costs related to life extension in the previous two quarters, which contributed to losses at the share of JV line during the 2Q and 3Q20. The Sterling 1 was originally converted to last for 7+6 years, but after completing its 7-year firm contract in Apr 2020, the charterer ONGC wanted to extend the Sterling 1 contract for up to 15 more years (10+5 years), hence requiring costly life-extension works that had hit BAB’s share of JV earnings earlier. BAB’s strong 4Q20 results was also due to higher uptime rates for the FPSO Kraken, against a weaker 3Q20 when the Kraken entered planned maintenance, during which BAB was not paid charter hire as it had already fully utilised its maintenance allowances for the year during 1H20. Finally, BAB benefitted from some forex translation gains during 4Q20. Debt restructuring completed, BAB can breathe easy until 2024F In Apr 2019, BAB restructured US$660m in unsecured debts into two tranches. Tranche 1 of US$260m was to be repaid over two years, while Tranche 2 of US$400m is to be repaid over five years (we believe Tranche 2 is mainly to be repaid in May 2024F in a large bullet). Of the US$260m Tranche 1, BAB repaid US$100m in 2Q20 and US$30m in Dec 2020, with the US$130m principal originally due in May 2021F now restructured to regular amortising payments with final settlement in Nov 2022F. In our view, BAB should be able to pay off the US$130m due by Nov 2022F, even without any asset disposals, taking into account its end-Dec 2020 cash balance of US$223m, and positive operating cashflows generated from its working FPSOs net of project finance loan instalments. But BAB will probably struggle with the US$400m Tranche 2 due by May 2024F, and the US$380m sukuk also due in 2024F, and may need to refinance either of these two debts. However, this is not a problem that investors need to worry about immediately. In order to help with the 2024F repayments, BAB will have to work towards the sale of its remaining fleet of 27 OSVs, the two Caspian Sea SC vessels, and its Indonesian pipelay barge, on top of the FPSO Claire laid-up since Mar 2016. With higher oil prices, interest in these assets could increase, and BAB may have a higher chance of securing work for the two SC assets which have been laid-up in the Caspian Sea since Dec 2018.

Posted by ICUTrader > 2021-03-01 15:27 | Report Abuse

nice

Posted by strattegist > 2021-03-01 15:45 | Report Abuse

cash in pocket smell really goooood..

Posted by rr88 > 2021-03-01 16:19 | Report Abuse

No good. Sold!

Posted by alwesvee > 2021-03-01 16:34 | Report Abuse

one more elephant kaunter..

Posted by nikicheong > 2021-03-01 17:07 | Report Abuse

Hank you for sharing research reports!

Posted by strattegist > 2021-03-01 17:25 | Report Abuse

closed green

Posted by investortrader88 > 2021-03-01 18:34 | Report Abuse

Armada registered 4Q20 core earnings of RM162m (+67.2% QoQ, +206.6% YoY) bringing FY20’s sum to RM465m (+65.5% YoY). The result was above expectations, constituting 120% and 119% of our and consensus’ forecast due to stronger-than-expected contribution from its FPSO business, lower administrative cost and higher JV contributions. We upgrade our earnings forecast for FY21/22 by 11/11% to factor in the aforementioned instances. Maintain BUY with a higher TP of RM0.75 based on 10.0x (unchanged) FY21 EPS. Armada is our top pick for the O&G sector as its valuations are still undemanding at this juncture despite the c.80% increase in its share price since our BUY call upgrade on 21 July 2020. Armada is currently trading at an FY21/22PE of 5.3/5.3x, with a significantly stronger balance sheet due to its strong cash flows.

Above expectations. Armada registered 4Q20 core profit of RM162m (-18.5% QoQ, +6.3% YoY), bringing FY20’s sum to RM465m (+65.5% YoY). FY20 earnings accounted for 120% of ours and 119% of consensus’ forecast. This is above expectations due to stronger-than-expected performance from its FPSO segments, JV contribution and lower administrative cost. FY20 core earnings were derived from our adjustments on EI’s amounting to RM351m mainly comprising of impairments amounting to RM357m.

Dividends. None Declared, as Expected.

QoQ. Core profit increased by 67.2% to RM162m particularly due lower administrative cost and higher JV income from the absence of technical phasing charges that were incurred in 9M20 for its D1 vessel.

YoY: Core profit improved by 206.6% from the reasons mentioned above and significantly better YoY FPSO performance from Kraken.

YTD: Core profit of RM465m (+65.5% YoY) was mainly driven by its strong FPSO segment, lower administrative expenses, lower interest cost.

Outlook. We expect Armada’s consistently strong earnings to continue in the foreseeable future as its FPSO contract values are not linked to the fluctuations in oil prices. FY20 operating cash flow has also improved to RM903m (+23.0% YoY). Consequently, its current net debt has declined from by almost RM1bn to RM7.4bn (from RM8.4bn), net gearing has also fallen from 2.9x in 1Q20 (post RM314m impairments) to 2.4x in 4Q20 and is expected to fall further in subsequent quarters while interest cover has improved to 3.1x in 4Q20 (from 1.8x in 4Q19). The aforementioned factors are testaments towards the projected improvements on its financial position from a profit, solvency and cash flow stand point. The higher oil prices of late would also ease its asset monetisation process for its OMS business to repay its debt. Hence, we do not foresee Armada having any trouble repaying its tranche 1 debt of RM1.05bn, which was refinanced to a maturity date of 23 Nov 2022.

Forecast. We upgrade our earnings by 11/11% for FY21/22 to factor in lower interest, administrative cost and higher FPSO earnings.

Maintain BUY with higher TP of RM0.75. We maintain our BUY rating on the stock with a higher TP of RM0.75 based on an unchanged 10.0x FY21f EPS (-1.5SD from Yinson’s 3 year historical mean P/E) in view of its stronger financial performance. We believe that the strong financial performance from Armada is expected to continue with its balance sheet getting healthier by the day. Armada is our Top pick for the O&G sector.

Source: Hong Leong Investment Bank Research - 1 Mar 2021

Posted by Ninja _07 > 2021-03-01 20:28 | Report Abuse

https://oilprice.com/Energy/Energy-General/Why-Big-Oil-Expects-Record-Cash-Flow-In-2021.html

Posted by HuatlaiOnglai > 2021-03-01 20:53 | Report Abuse

Ive stop reading articles from oil price.com. I don’t find the report as insightful and often-time misleading. I prefer reading articles from CnBC or investing.com MHO

Posted by Invest123 > 2021-03-01 20:55 | Report Abuse

50 sen soon

Posted by face > 2021-03-01 21:17 | Report Abuse

Armada to propose share consolidation 10:1 ? After conso, easy to goreng

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

70 cent easy, soon

Posted by dusti > 2021-03-01 21:39 | Report Abuse

ARMADA’S TARGET PRICE BY IBs
1/3. 49. Public bank
1/3. 75. HLG
26/2. 51. AmInvest
22/2. 21. Kenanga. [ia just finishing their primary school]
20/11. 69. MIDFIELDER

Posted by vivabursa > 2021-03-01 23:16 | Report Abuse

If base on HLG target price, that means tomorrow limit up

Posted by Gabriel Khoo > 2021-03-02 01:18 | Report Abuse

aminvest tp should be more than 60c. error in report i suppose

Posted by Joyce126 > 2021-03-02 06:06 | Report Abuse

Today TP minimum 45

Posted by MM78 > 2021-03-02 06:33 | Report Abuse

As oil prices improves and possibly hold steady in this pandemic recovery in near future , oil and gas companies will have more offshore activities which bodes well for the OSVs service business. Less chance of future impairment risks on OSV assets in Armada; FPSOs are the cash cows that will pare down Armada’s loans and help cut down down finance costs. A virtuous cycle to be unfolded in coming quarters. A 10 sens EPS in FY 2021 would be a great milestone , even 8 sens EPS are good for more optimism among investors of Armada. Traders may miss the big gains next few quarters for enjoy KFC too fast. My 2 cents to share....... PE of 10 not unreasonable given the latest Armada’s performance ?

Posted by godhand > 2021-03-02 08:32 | Report Abuse

MM78 As oil prices improves and possibly hold steady in this pandemic recovery in near future , oil and gas companies will have more offshore activities which bodes well for the OSVs service business. Less chance of future impairment risks on OSV assets in Armada; FPSOs are the cash cows that will pare down Armada’s loans and help cut down down finance costs. A virtuous cycle to be unfolded in coming quarters. A 10 sens EPS in FY 2021 would be a great milestone , even 8 sens EPS are good for more optimism among investors of Armada. Traders may miss the big gains next few quarters for enjoy KFC too fast. My 2 cents to share....... PE of 10 not unreasonable given the latest Armada’s performance ?
02/03/2021 6:33 AM

definitely very undervalue if this oil cycle maintain for longer period

Posted by godhand > 2021-03-02 08:33 | Report Abuse

the thing is oil price is highly volatile

Posted by strattegist > 2021-03-02 10:13 | Report Abuse

red

Posted by alwesvee > 2021-03-02 11:49 | Report Abuse

haiz

Posted by Bluey > 2021-03-02 12:00 | Report Abuse

There is a bunch of investors who don’t pay much attention. Clever big timers are collecting at 41, where big numbers quickly disappear, then accumulate for a few minutes and then disappear again. If you want to sell please hold on because Armada is likely to fly

Posted by yuhang99 > 2021-03-02 17:45 | Report Abuse

https://investmiles.blogspot.com/2021/03/armada-5210.html

Posted by strattegist > 2021-03-02 19:47 | Report Abuse

closed red

Posted by MM78 > 2021-03-02 20:07 | Report Abuse

Share prices fluctuate but if the company quarterly results continue to reflect its good fundamental values, it is matter of time the price would reflect the confidence of more investors wanting the shares. Armada results are getting better the last 3 quarters . If the coming quarters are further showing consistent or better results than the last one , EPS of 10 sens in FY21 are achievable . Just at PE 8-10 , it would worth 80 sens or more. I was guessing 65 sens would not be far fetched before the last quarter results better than expected.

Posted by Gohhocks > 2021-03-02 21:27 | Report Abuse

For Armada, the fundamental looks better now, with the debt extended longer.. I think IB might push down the price to collect more at lower price, this is quite usual sometimes, my thought.. as long as the better prospect ahead, buy low sell high should hold..my thought. Good luck to all.

Posted by Jjkcl > 2021-03-02 21:31 | Report Abuse

Collectors item

Posted by Gohhocks > 2021-03-02 21:43 | Report Abuse

I noticed the share price went up suddenly to 0.44 & within a day it went down to 0.405.. obviously the fund manager was playing the stock..u should know the direction already.. good luck..

Posted by Joyce126 > 2021-03-02 21:47 | Report Abuse

Nothing wrong will the price. Yesterday vol very high. Today only 20% of yesterday vol.

Wait patiently... price will come back.

Posted by meadow1628 > 2021-03-02 23:26 |

Post removed.Why?

Posted by meadow1628 > 2021-03-02 23:26 |

Post removed.Why?

Posted by myboss > 2021-03-03 02:10 | Report Abuse

back to basics mabelbYou sailing?

Posted by strattegist > 2021-03-03 09:44 | Report Abuse

soft

Posted by RISK8888 > 2021-03-03 10:08 | Report Abuse

buy and keep for next QR, will earn 10sens

Posted by Bluey > 2021-03-03 10:08 | Report Abuse

Yesterday’s volume was very high bcos smart money was collecting for the push upwards today onwards. Still not to late to collect. Good luck

Posted by RISK8888 > 2021-03-03 10:10 | Report Abuse

at 40sens now...can get 20% profit will be wonderful. where to get?

Posted by RISK8888 > 2021-03-03 10:11 | Report Abuse

if drop lagi best, better profit margin.

Posted by alwesvee > 2021-03-03 11:38 | Report Abuse

long sleep counter..

Posted by nikicheong > 2021-03-03 12:37 | Report Abuse

One day push up to RM0.50

Posted by strattegist > 2021-03-03 13:04 |

Post removed.Why?

Posted by freddiehero > 2021-03-03 13:06 | Report Abuse

Bia hebat.. use spaceX

Posted by RISK8888 > 2021-03-03 14:25 | Report Abuse

Good ma, got 3 mth to slowly buy to earn 20% gain.