Posted by paktua73 > 2022-02-24 13:27 |

Post removed.Why?

Posted by serpent100 > 2022-02-24 13:35 | Report Abuse

Later back to 51 ker....... Armada rasa xde power skrg....

Posted by Macgyver11 > 2022-02-24 13:39 | Report Abuse

Wow! brent skyrocketing man..now 102

Posted by 263263 > 2022-02-24 13:40 | Report Abuse

ang pao wang baru habis, harap kasi sedikit lagi.

Posted by zonefinder > 2022-02-24 14:17 | Report Abuse

Qtr announcement should be tomorrow kua.

Posted by Robert Waters > 2022-02-24 14:19 | Report Abuse

Maybe earnings will be OK after all ?

:-)

Just kidding.

Russians to the rescue of commodity investors.

Posted by zonefinder > 2022-02-24 14:22 | Report Abuse

If earnings good and oil price shoots further, then I will send Putin a New Year card..

Posted by bullmarket1628 > 2022-02-24 14:32 | Report Abuse

Russian forces invade Ukraine with strikes on major cities
By Andrew Osborn and Natalia Zinets 24-2-2022

https://www.reuters.com/world/europe/putin-orders-military-operations-ukraine-demands-kyiv-forces-surrender-2022-02-24/

MOSCOW/KYIV, Feb 24 (Reuters) - Russian forces fired missiles at several cities in Ukraine and landed troops on its south coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east.
Shortly after Putin spoke in a televised address on Russian state TV, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.
Gunfire rattled near the capital's main airport, the Interfax news agency said, and sirens were heard over the city.

Posted by MoneyMakers > 2022-02-24 14:44 | Report Abuse

War by major O&G country..who knows how high oil/armada can go

Just sit back relax & enjoy the show

Posted by fudrud > 2022-02-24 14:45 | Report Abuse

Come on people have some respect. We are making money from war, people die in wars.

Posted by Fattymin > 2022-02-24 15:00 | Report Abuse

aiyo, baru naik sekejap dah nak turun balik...

Posted by serpent100 > 2022-02-24 15:14 | Report Abuse

Kan... Ckp, armada no power now

Posted by Macgyver11 > 2022-02-24 15:37 | Report Abuse

Wait until qtr release...

Posted by strattegist > 2022-02-24 17:58 | Report Abuse

closed green 0.52

Posted by Ledangking > 2022-02-24 18:01 | Report Abuse

Brent oil break usd100 now

Posted by serpent100 > 2022-02-24 18:26 | Report Abuse

Brent oil 200 dollars also same for armada.... 5x only

Posted by Mabel > 2022-02-24 18:49 | Report Abuse

Meow Meow Meow

Posted by bullmarket1628 > 2022-02-24 20:25 | Report Abuse

Tommorrow onwards can foresee all the O&G counters will spike up at least double up, triple up or quadruple up !

Heng ah, Ong ah, Huat ah !

Posted by alfredche > 2022-02-24 23:16 | Report Abuse

oil prices up...

Posted by gigi > 2022-02-24 23:37 | Report Abuse

Dont miss the boat...

Posted by rr1688 > 2022-02-25 01:27 | Report Abuse

napoleon n hitler forgot to learn history...uptrend mari...

Posted by abc1111111 > 2022-02-25 06:28 | Report Abuse

buy buy buy buy buy

Posted by bullmarket1628 > 2022-02-25 07:03 |

Post removed.Why?

Posted by HuatlaiOnglai > 2022-02-25 09:23 | Report Abuse

Q4 21 financial report out later today. Expect to deliver another strong qtr.

Posted by nikicheong > 2022-02-25 09:41 | Report Abuse

Today be the day. Godspeed, Armadians

Posted by strattegist > 2022-02-25 10:06 | Report Abuse

soft

Posted by nizam33 > 2022-02-25 10:24 | Report Abuse

profit taking

Posted by Mdnizam > 2022-02-25 10:34 | Report Abuse

yesterday shark use margin buy not enough money will contra today will selling....

Posted by Denmark > 2022-02-25 10:59 | Report Abuse

What is The TP for this Share?

Posted by Beetles > 2022-02-25 11:00 | Report Abuse

Today qr out?

Posted by itch > 2022-02-25 11:00 | Report Abuse

Result should be released after afternoon close.

Posted by nikicheong > 2022-02-25 12:35 | Report Abuse

Profit to shareholders of RM118mil (inclusive of loss on disposal of RM28.5mil).

If remove the loss on disposal, profit to shareholders of RM146.5mil. Well done!

Posted by nikicheong > 2022-02-25 12:48 | Report Abuse

After doing all the adjustments, net profit comes in at around RM140mil (equivalent to EPS of 2.37 sen).

Posted by AlanKLNg28 > 2022-02-25 13:00 | Report Abuse

Commendable results. Bright future earnings in the next coming QRs.

Posted by HuatlaiOnglai > 2022-02-25 13:00 | Report Abuse

profit margin intact at 28% (exclude disposal cost). Well done.

Posted by nikicheong > 2022-02-25 13:04 | Report Abuse

All in all, not a spectacular results, but fairly decent.

Expect Q1 2022 to be better, as there will not be lumpy O&M costs for Olombendo and better uptime for Kraken.

Posted by ageetkumar > 2022-02-25 13:10 | Report Abuse

full year P/E is now below 5!

Posted by nikicheong > 2022-02-25 13:29 | Report Abuse

Debt trend analysis:

https://i.ibb.co/g6SZdMq/barm2022.png

Posted by ming > 2022-02-25 14:03 | Report Abuse

Everything ok.. only concern on high debt..

Why not raise fund 1.00 per share for right issue.. pay down all the borrowing

Every year save interest about eps 8 cents..


In return u pay us Pe like dialog or yinson, assume Pe 15 enough..

Eps 10 + 8 cents x PE 15
= 2.7

Posted by Macgyver11 > 2022-02-25 14:26 | Report Abuse

Profit 118mill...consider ok la.

Posted by winmal > 2022-02-25 15:22 | Report Abuse

Y2021 Armada pare down 1.69B of debt, which its have save 50 mil... Y2022 3-4 quarter expect Armada to declare dividend

Posted by JoshuaMS7 > 2022-02-25 15:29 | Report Abuse

no hope ad, share price keeps dropping to 0.40++ :(

Posted by gogogolee > 2022-02-25 16:33 | Report Abuse

will reenter when 0.430

Posted by winmal > 2022-02-25 16:38 | Report Abuse

Ambank upgrade TP from 0.76 to 0.83, welldone

Posted by maestro85 > 2022-02-25 16:40 | Report Abuse

banks are full of lie

Posted by nikicheong > 2022-02-25 17:25 | Report Abuse

We maintain BUY on Bumi Armada with a higher sum-of -parts (SOP) based fair value of RM0.83/share (from an earlier RM0.76/share), which also reflects a neutral ESG rating of 3 stars and implies an FY22F PE of 8x, half of the FBM KLCI. Our higher SOP valuation stems from the huge net debt reduction of RM1.3bil in FY21 on the back of the group’s substantively higher cash flows.We lower our earnings by 13% for FY22F and 14% for FY23F on lower margins on the floating production and operation (FPO) segment despite the group registering a record core net profit of RM593mil (excluding net vessel impairments of RM19mil) in FY21. This was below expectations as the results came in at 8% below our estimate and 6% of consensus, stemming from higher lumpy operational and maintenance expenses from Armada Olombendo and increased losses from offshore marine services (OMS), which management plans to dispose of and discontinue.For FY21, the group’s revenue slid 3% YoY mainly due to the sale of 22 OMS vessels. However, a sharp turnaround in JV contributions in India (Sterling I And II) and Indonesia (Sterling II) , supported by significant reductions in depreciation charges (-10%) and finance costs (-19%) boosted core net profit by 23% YoY.On a QoQ comparison, Bumi Armada’s 4QFY21 core net profit fell 26% to RM118mil mainly due to the halving of offshore support vessel (OSV) revenue together with higher lumpy operational and maintenance expenses from Armada Olombendo and a RM29mil impairment from the 3 ice-class OSV vessels, which were subsequently sold in January 2022. The 4QFY21 FPO revenue increased by 2% to RM480mil with th e resolution of an unplanned shutdown at one of 2 trains at Armada Kraken. However, higher costs at Armada Olombendo dragged the division’s net profit 23% lower QoQ to RM260mil.For the OMS, in which the group plans to exit, only 3 vessels remain in operation, excluding a unit currently classified as non-current asset held-for-sale. We caution that the new US$50mil Lukoil contract to be completed in the Caspian Sea this year by the group’s 2 construction vessels – Installer and Constructor – may be discontinued by fresh sanctions on Russia’s invasion of Ukraine.Meanwhile, the group’s firm order book slid by 3% QoQ to RM13.6bil from revenue depletion. Together with optional extensions worth RM8.9bil, this translates to a comfortable 8.4x FY22F revenue.Valuation-wise, we reiterate our view that Bumi Armada’s FY22F PE of 5x is unjustified vs. the FBM KLCI’s 16x as the group has stabilised its core earnings and balance sheet health with the normalisation of Armada Kraken’s operations since 4QFY20.

Posted by strattegist > 2022-02-25 17:29 | Report Abuse

closed red 0.495

Posted by nikicheong > 2022-02-25 18:22 | Report Abuse

"We caution that the new US$50mil Lukoil contract to be completed in the Caspian Sea this year by the group’s 2 construction vessels – Installer and Constructor – may be discontinued by fresh sanctions on Russia’s invasion of Ukraine."

Hmmm, so this means Bumi Armada managed to secure a new contract already? How come they didn't announce to Bursa Malaysia, if so.

Posted by nikicheong > 2022-02-25 18:48 | Report Abuse

How funny. Bumi Armada is in the pink of health, doing very well financially. Crude oil is at $100, which should results in abundant FPSO opportunities. OSV business nearly shut down. New FSRU contract. 98/2 FPSO nearing completion. New bids for FPSO contracts. And yet we sit at under RM0.50!!!

Posted by zonefinder > 2022-02-25 19:01 | Report Abuse

Guess we can bet the house on Armada and sit tight for next 3 years. Rm 1 in 3 years is probably doable.