Posted by MM78 > 2021-11-15 10:10 | Report Abuse

@ value_seeker Hibiscus good company. Armada is also a good company.

Yes I agree both are good investment in different ways.

Armada is a progressively turnaround story after the new MD takes charge to address the pressing issues of Kraken operational issues, aggressive sell off the idled OSVs; paring down of the debt. Armada reports are not as detailed as Hibiscus. This need some guessing on each FPSO actual operational details. Not helpful enough to restore its true values of the stock valuations.
Armada operation profit is less dependent on the oil price fluctuations than Hibiscus due to its long term contract business of its FPSOs.

Hibiscus is aggressively growing through acquisition of Repsol and continue investing to maintain or enhance in its existing brown fields to productively generating cash flow. Its financial situations are strong and the management style is more transparent than Armada in terms of reports and clearly demonstrating it is pursuing its long term strategic goals. It is more communicative than Armada to make investors understand better. Its stock valuations are much more dependent on oil price than Armada.

We do not deserve any jeering from any lucky or boastful trader of Hibiscus stock after making mere RM 15 k as if none of us also invest in Hibiscus share too.

We welcome constructive humble sharing of positive or even negative information here.

Posted by VTrade > 2021-11-15 11:23 | Report Abuse

Any good buy / add on ?

Posted by louisongong > 2021-11-15 13:47 | Report Abuse

well said bro

Posted by strattegist > 2021-11-15 15:05 | Report Abuse

red

Posted by wolfbroker > 2021-11-15 16:16 | Report Abuse

Nice points you have there.

Posted by MM78 > Nov 15, 2021 10:10 AM | Report Abuse

@ value_seeker Hibiscus good company. Armada is also a good company.

Yes I agree both are good investment in different ways.

Armada is a progressively turnaround story after the new MD takes charge to address the pressing issues of Kraken operational issues, aggressive sell off the idled OSVs; paring down of the debt. Armada reports are not as detailed as Hibiscus. This need some guessing on each FPSO actual operational details. Not helpful enough to restore its true values of the stock valuations.
Armada operation profit is less dependent on the oil price fluctuations than Hibiscus due to its long term contract business of its FPSOs.

Hibiscus is aggressively growing through acquisition of Repsol and continue investing to maintain or enhance in its existing brown fields to productively generating cash flow. Its financial situations are strong and the management style is more transparent than Armada in terms of reports and clearly demonstrating it is pursuing its long term strategic goals. It is more communicative than Armada to make investors understand better. Its stock valuations are much more dependent on oil price than Armada.

We do not deserve any jeering from any lucky or boastful trader of Hibiscus stock after making mere RM 15 k as if none of us also invest in Hibiscus share too.

We welcome constructive humble sharing of positive or even negative information here.

Posted by nikicheong > 2021-11-16 12:19 | Report Abuse

Results likely out within the next 10 days, good luck all!

Also, Kraken production issues seem to have been sorted. Bumi Armada might loose 1 to 2 weeks worth of revenue (~RM15 to 30mil hit to net profit in Q4), but that's just a small blip in the big picture.

Posted by nikicheong > 2021-11-16 12:23 | Report Abuse

https://www.pharos.energy/investors/press-releases/tgt-infill-development-drilling-programme/

Very good news for Bumi Armada's TGT FPSO in Vietnam. Drilling works of 4 new wells have concluded. 2 more wells to be drilled in Q3 2022. These 4 new wells will extend the production plateau.

Note that Bumi Armada has a contract extension in place until 2024. Will these new wells coming on stream, there is a high likelihood of the contract being extended further as the field will be producing for 5+ years.

Also, to tie back the wells to the FPSO, Bumi Armada might be able to recognise one-off variation orders.

Posted by strattegist > 2021-11-16 12:36 | Report Abuse

steady

Posted by Ninja _07 > 2021-11-16 16:40 | Report Abuse

Awesome news @nikicheong .. Thanks

Posted by strattegist > 2021-11-16 16:46 | Report Abuse

stable

Posted by zonefinder > 2021-11-16 16:56 | Report Abuse

Qtr results out this Friday kua. Thanks for update, Niki.

Posted by Mabel > 2021-11-16 17:11 | Report Abuse

It's looking good..

Slowly and surely..

Meow

Posted by strattegist > 2021-11-16 17:37 | Report Abuse

closed green

Posted by value_seeker > 2021-11-16 20:41 | Report Abuse

Can this be the coming turnaround story? Are we in a winning stock runner?

Posted by strattegist > 2021-11-17 09:46 | Report Abuse

soft

Posted by strattegist > 2021-11-17 13:04 | Report Abuse

red

Posted by wolfbroker > 2021-11-17 16:04 | Report Abuse

Today closing red for sure


strattegist
22010 posts
Posted by strattegist > Nov 16, 2021 5:37 PM | Report Abuse

closed green

Posted by Macgyver11 > 2021-11-17 16:45 | Report Abuse

Hopefully won't go below 46c..hmmmmm

Posted by strattegist > 2021-11-17 17:32 | Report Abuse

closed red

Posted by RCZ2020 > 2021-11-18 09:55 | Report Abuse

Another bad start. hope will recover

Posted by strattegist > 2021-11-18 09:55 | Report Abuse

soft

Posted by JoshuaMS7 > 2021-11-18 10:38 | Report Abuse

should go below 0.460 today close, another sad day :(

Posted by strattegist > 2021-11-18 12:58 | Report Abuse

46 sen

Posted by louisongong > 2021-11-18 13:14 | Report Abuse

Offshore Business
Revenue of RM749.7 million was RM534.7 million or more than 100% higher than the corresponding quarter’s revenue
of RM215.0 million, mainly from the recognition of revenue from conversion of a Floating, Production, Storage and
Offloading (“FPSO”) in this quarter. misc最新季报.

Posted by louisongong > 2021-11-18 13:18 | Report Abuse

炭排放的抑制了全球石油商的capex ,fpso将会发光发热。

Posted by Macgyver11 > 2021-11-19 08:43 | Report Abuse

Hopefully what louissongong posted become reality..

Posted by strattegist > 2021-11-19 09:31 | Report Abuse

stable

Posted by strattegist > 2021-11-19 11:30 | Report Abuse

steady

Posted by Macgyver11 > 2021-11-19 12:51 | Report Abuse

Qtr green guys
Revenue 545,703mil
Net profit/loss for the period 161,521mil

Posted by armadatuah2017 > 2021-11-19 12:53 | Report Abuse

power!!!

Posted by nikicheong > 2021-11-19 12:58 | Report Abuse

Net profit is RM153.4m, not RM161.5m.

There is one off gain on disposal, which is negated by impairment. So a core not profit of ~RM150m looks beautiful!

Posted by Macgyver11 > 2021-11-19 13:03 | Report Abuse

Walaoeh!! after lunch trading might be interesting

Posted by OrlandoOilSemiconIoT > 2021-11-19 14:01 | Report Abuse

Right path la

Stil need anymore convincing?

Posted by louisongong > 2021-11-19 14:06 | Report Abuse

pe 4.67

Posted by louisongong > 2021-11-19 14:11 | Report Abuse

The recovery of oil price augurs well for the oil and gas sector, which may see increasing activities across the
entire value chain. The Group expects the FPO business to be relatively stable for the remainder of 2021 and
will continue to focus on the following areas to improve the prospects

Posted by louisongong > 2021-11-19 14:16 | Report Abuse

每季度要还将近100m的贷款,还能赚150+m.bumi armada 运营管理在fpso里算最强的.

Posted by winmal > 2021-11-19 14:42 | Report Abuse

despite lower revenue as compare to corresponding quarter but profit improve by RM13.5 million. Historically show next q. revenue should performance better than current quarter.

Posted by zonefinder > 2021-11-19 15:52 | Report Abuse

Another round of upgrades expected from analysts..

Posted by strattegist > 2021-11-19 15:53 | Report Abuse

steady

Posted by zonefinder > 2021-11-19 15:54 | Report Abuse

6 consecutive qtrs of kick ass profits...

Posted by zonefinder > 2021-11-19 15:56 | Report Abuse

Market very quiet. Need volume..

Posted by Macgyver11 > 2021-11-19 17:02 | Report Abuse

Even qtr is good but be careful guys USA China might trigger the SPR soon. Once this happen, market sentiment will drag the oil price down temporary. O&G counters will react to it. Just my 2c opinion

Posted by strattegist > 2021-11-19 17:28 | Report Abuse

closed green

Posted by nikicheong > 2021-11-19 17:38 | Report Abuse

AmInvestm retain buy @0.76

Posted by ageetkumar > 2021-11-19 17:38 | Report Abuse

P/E now below 5. The price just doesn't make sense

Posted by nikicheong > 2021-11-19 17:56 | Report Abuse

Debt Analysis:

https://i.ibb.co/9vzmjRx/image.png

Posted by Mabel > 2021-11-19 19:57 | Report Abuse

Nice and lovely..

Let's see if it can break 55.

Meow Meow Meow

Posted by Gabriel Khoo > 2021-11-19 19:58 | Report Abuse

Next qr Tp will add 16c

Posted by i3lurker > 2021-11-19 20:00 | Report Abuse

WTI will average USD72 for 2022

btw WTI just jumped over a cliff from 80.25 and committed Hara Kiri

its USD77.01 now

Posted by MM78 > 2021-11-19 20:37 | Report Abuse

FY 21 EPS of 10 sens is within reach . Nice quarterly results. Next Qtrly results would be better should another 4 OMS are to be sold off and FPSO Kraken backs to normal. Current share price is too low for its earning potential.