The newly appointed Independent Director, Tunku Ali Zakri is well experienced guy. Just see how he able to managed EPF very well during his term with estimate of 250bil of assets. Another turning point for Armada. I think worth to buy and hold Armada.
So, now... fella teammates. have you believed? it will be hard to surpass 0.50 barrier without more positive news and the risk of impairment is still exist due to Armada's pipe laying vessels are yet to land contract from Caspian Sea.
Relax cool. Not Armada only red all the other O&G counters also red due to global sentiment not good (down fall in oil price) not bcoz of Armada performance. So far Armada doing very well. Believed me 2nd qtr earning will be exceed the 1st qtr. Those wish to run go ahead no body stopping you, I'm solid with Armada.
Further downside as USD70+ is still above 2022 level going by RHB research forecast.
RHB Research expects international benchmark Brent crude oil prices to average at US$71 (RM295.70) per barrel in the second half of 2021.
Its Brent crude price forecast for 2022 stood at US$65 (RM274.60) per barrel.
The brokerage said the production plan by the Organisation of the Petroleum Exporting Countries plus others or Opec+ should result in a relatively balanced oil market in the second half of this year.
“We believe a clear production plan will help to stabilise the market and the extension of the deal could provide certain supply visibility over 2022.
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....
Bon888
3,381 posts
Posted by Bon888 > 2021-07-14 11:23 | Report Abuse
DJIA, NASDAQ hit record high but KLSE going south. Malaysia local sentiment. Accumulate if you have holding power.