Posted by pang72 > 2021-05-19 10:01 | Report Abuse

..... Bagus...

Posted by RISK8888 > 2021-05-19 10:21 | Report Abuse

this week won't hit 0.5. End next week may start move up near 0.5.

Posted by starc30 > 2021-05-19 10:37 | Report Abuse

Wayang for one day......

Posted by itch > 2021-05-19 12:18 | Report Abuse

Rumour of Selangor lockdown spooked the market

Posted by pang72 > 2021-05-19 12:22 | Report Abuse

Lock down is good for long run..

Posted by RISK8888 > 2021-05-19 12:57 | Report Abuse

lock down all ppl die, no lock down only covid patient die. you think lock down is good?

Posted by pang72 > 2021-05-19 13:38 | Report Abuse

No lock down then all people die la..with covid.
Lock down then situation improve and we safe in long run...

Posted by hockben > 2021-05-19 14:29 | Report Abuse

Time to collect .Will fly soon n target 60 to 68cts

Posted by LossAversion > 2021-05-19 14:31 | Report Abuse

60 is good enough, almost 100% for me!!

Posted by MM78 > 2021-05-19 15:20 | Report Abuse

Expect good results in coming quaterly results ( next week ?) given Kraken has been doing well

Posted by strattegist > 2021-05-19 16:14 | Report Abuse

red

Posted by strattegist > 2021-05-19 16:15 | Report Abuse

merah

Posted by strattegist > 2021-05-19 16:15 |

Post removed.Why?

Posted by NEWBIEJIUSHIWO > 2021-05-19 16:36 | Report Abuse

RED RED ---BLOOD OUT LO

Posted by strattegist > 2021-05-19 19:15 | Report Abuse

closed red

Posted by nikicheong > 2021-05-19 19:23 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/05/19/bumi-armada-jv-gets-30-year-contract-to-set-up-regasification-unit-in-mumbai-harbour

Posted by nikicheong > 2021-05-19 19:24 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3158062

Posted by nikicheong > 2021-05-19 19:29 | Report Abuse

Hip hip hooray!

Going by the current FSRU they have in Malta, the revenue per annum is around RM60mil. Net profit per annum is likely around RM10mil to RM20mil.

Since this is a JV, assuming similar margins, net profit per annum would be at the most an additional 10mil or so. But even then, there's no news on the total contract award, and this might be a larger scale project than the Malta FSRU.

Regardless, in the best case scenario, this would not contribute more than RM20mil in net profit to Bumi Armada annually (based on 51:49 ownership stake). But that's still something, that's an extra RM5mil a quarter, for a relatively stable and low-risk project.

Well done!

Posted by nikicheong > 2021-05-19 19:57 | Report Abuse

I'm mistaken. The current project in Malta is merely a FSU (only storage), while the new award in Mumbai is for an FSRU (regasification and storage). This means the contract value should be higher, and in tandem, the profit margins will likely be higher too. Hope to get more details from the Company soon.

Posted by RISK8888 > 2021-05-19 23:45 | Report Abuse

FSRU cost btw usd 200-400mil to build with charter rate usd 80-120k per day. So is consider good news to armada! Good job!!!

Posted by Jjkcl > 2021-05-19 23:55 | Report Abuse

fantastic

Posted by bullmarket1628 > 2021-05-20 03:27 | Report Abuse

Announcement details

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3158062

OTHERS BUMI ARMADA JOINT-VENTURE COMPANY EXECUTES LICENSE AGREEMENT TO SET-UP, OPERATE AND MAINTAIN A FLOATING STORAGE AND REGASIFICATION UNIT IN MUMBAI HARBOUR
Bumi Armada Berhad

Description: BUMI ARMADA JOINT-VENTURE COMPANY EXECUTES LICENSE AGREEMENT TO SET-UP, OPERATE AND MAINTAIN A FLOATING STORAGE AND REGASIFICATION UNIT IN MUMBAI HARBOUR

Bumi Armada Berhad (“Bumi Armada”) wishes to announce that its joint-venture company, SP Armada Clean Energy Ventures Private Limited (“SPACEVPL”) has entered into a License Agreement (“License Agreement”) with the Board of Trustees for the Port of Mumbai (“MbPT”) (formerly the Bombay Port Trust) on 18 May 2021 to set-up, operate and maintain a floating storage and regasification unit (“FSRU”) in Mumbai harbour (“Project”) for a period of 30 years (“License Period”).
 
2. SALIENT INFORMATION ON THE PROJECT
 
Under the License Agreement, both SPACEVPL and MbPT will have 270 days from the date of execution of the License Agreement to fulfil certain conditions precedent, upon the fulfilment of which, the License Agreement will become effective and the License Period shall commence. Such conditions precedent include SPACEVPL securing financing, obtaining applicable permits for commencement of construction works, and signing of the agreement between the FSRU owner/ charterer and SPACEVPL for providing the FSRU for the License Period.
 
At the end of the License Period, ownership of the infrastructure which includes the pipeline and jetty, except for the FSRU, shall be transferred to MbPT.......

Posted by bullmarket1628 > 2021-05-20 03:30 | Report Abuse

Super great news! Armada grabbed a big new project again !
Like that tommorrow Armada going to limit up already liao lah !

Huat ah, Heng ah, Ong ah !

Posted by fengpinglangjin > 2021-05-20 07:00 | Report Abuse

Mumbai Port Trust invites bids for FSRU unit

Wednesday, 13 Mar 2019

Share this on :

     

The Mumbai Port Trust has invited bids to set up, operate and maintain floating storage and regasification unit (FSRU) in Mumbai harbour on land license mode.

The project will have a capacity of five million tpa. The work will be executed at a cost of Rs 900 crore (Usd122mil)

The concession period is 30 years including three years of construction phase.

Posted by fengpinglangjin > 2021-05-20 07:30 | Report Abuse

Cost: Total cost of project is Rs. 2690 Crores, which includes Rs. 1500 crores
towards FSRU vessel.

Setting up of Floating Storage and Re-gasification Unit (FSRU) in
Mumbai Harbour, Maharashtra by M/s Mumbai Port Trust (MPT) -
Environmental & CRZ Clearance - reg.

The proposal for 'Setting up of Floating Storage and Re-gasification Unit
(FSRU) in Mumbai Harbour', Maharashtra promoted by M/s Mumbai Port Trust
(MPT) was considered by the Expert Appraisal Committee (Infra-2) in the Ministry in
its meeting held on 12-14 April, 2017.
3. The details of the project, as per the documents submitted by the project
proponent, and also as informed during the above said EAC meeting, are reported
to be as under:-
(i) The project involves Setting up of Floating Storage and Re-gasification Unit
(FSRU) in Mumbai Harbour promoted by Mumbai Port Trust. Site for proposed
development of FSRU facility falls within notified Mumbai Port Water Limits;
coordinates of the location are 18°52'58.2"'N & 72°52'10" E. Proposed land fall
point is at ONGC, Uran; location of FSRU is approximately 7 Km from the
landfall point.
(ii) Area: Proposed FSRU facility will be developed in water front area of —2.40 ha.
(iii) The project envisages the following features:
• Type of vessels to be handled- Q Max LNG vessels of 12.5 m Draft.
• Type of civil structure- Dolphin structure with 8 nos. Berthing dolphins and 6
nos. Mooring Dolphins
• Cargo to be handled - Liquid Natural Gas.
• Optimal capacity - 3.50 (MTPA)

https://www.google.com/url?sa=t&source=web&rct=j&url=http://environmentclearance.nic.in/writereaddata/Form-1A/EC/01282019126130MumbaiPortTrustECandCRZletter.PDF&ved=2ahUKEwiY_L3_6tbwAhXd73MBHf-rCxMQFjAPegQIChAC&usg=AOvVaw37Y6vSt_6NuPegaJCf5OmP

Posted by vespa > 2021-05-20 08:03 | Report Abuse

USD 122 mil is a smallish project. I suspect the qtr result would trigger a rerating

Posted by Jjkcl > 2021-05-20 08:49 | Report Abuse

bullish trending

Posted by LossAversion > 2021-05-20 09:07 | Report Abuse

BullMI Armada....

Posted by strattegist > 2021-05-20 10:45 | Report Abuse

pegun

Posted by nikicheong > 2021-05-20 10:51 | Report Abuse

Does anyone have access to any updated research reports? Hong Leong, RHB, CIMB, Kenanga, MIDF, AffinHwang etc?

Maybank has no updated report.

Posted by RISK8888 > 2021-05-20 14:07 | Report Abuse

strange, not moving. maybe need to wait after 27May baru move

Posted by nikicheong > 2021-05-20 14:26 | Report Abuse

Patience my young padawan. Move, it will. But first, wait you must.

Posted by strattegist > 2021-05-20 14:59 | Report Abuse

sustain

Posted by winmal > 2021-05-20 15:36 | Report Abuse

news for lockdown have spooked our market .. take time to recover, buyback after market stable

Posted by Macgyver11 > 2021-05-20 16:48 | Report Abuse

Aiyoyo what happened water fall..alamak any clue?

Posted by Macgyver11 > 2021-05-20 17:00 | Report Abuse

Price crash badly...omg.

Posted by strattegist > 2021-05-20 17:06 | Report Abuse

red

Posted by strattegist > 2021-05-20 17:06 | Report Abuse

bocor

Posted by Macgyver11 > 2021-05-20 17:07 | Report Abuse

Brent jatuh. Now 65+. Aiyoyo

Posted by nikicheong > 2021-05-20 17:17 | Report Abuse

Hold. It's darkest before dawn.

Posted by MoneyMakers > 2021-05-20 17:24 | Report Abuse

Iran oil sanction to be lifted @ additional 2-4Mil barrels into the market..OPEC+ production hike only few hundred K barrels..can market absorb new supply??

———————————-

“Iran and the U.S. are close to a deal that will revive the 2015 nuclear accord, a top European Union official said”

Posted by strattegist > 2021-05-20 20:20 | Report Abuse

closed red

Posted by Macgyver11 > 2021-05-20 22:29 | Report Abuse

https://www.thestar.com.my/business/business-news/2021/05/20/rising-demand-to-support-oil-prices

Posted by MoneyMakers > 2021-05-21 08:21 |

Post removed.Why?

Posted by Jjkcl > 2021-05-21 08:55 | Report Abuse

Oil Demand Set To Surge As Travel Picks Up
By Felicity Bradstock - May 20, 2021, 4:00 PM CDT
Trade Oil Futures Now

As restrictions ease across Europe, we are slowly seeing a resurgence in fuel demand for travel, not only in gasoline and diesel but also in jet fuel as travel and tourism gradually pick up.

Posted by Macgyver11 > 2021-05-21 09:16 | Report Abuse

Down..knpa qtr bad ke?

Posted by Newbeoz > 2021-05-21 09:36 | Report Abuse

Possibly heading to 0.20 again...

Posted by MoneyMakers > 2021-05-21 09:53 | Report Abuse

Iran to open oil floodgates

“Iran's president Rouhani said on Thursday that the US was ready to lift sanctions on his country's oil, banking and shipping sectors imposed in 2018”

Posted by nikicheong > 2021-05-21 10:59 | Report Abuse

So crazy. Whether Iran sell more or less oil does not impact Bumi Armada's operations!

Anyways, profits...profits will tell the full picture. 4 days to go now.

Posted by strattegist > 2021-05-21 11:01 | Report Abuse

red