Armada being played like Top glove. Bankers and financial institution lending shares to short the market. The only way is to wait for Bigboss to come in to mop up the share.
There is usually a reason behind 'random moves.' The guy who shorts 1 billion shares in only 1 day may know something that we do not. Maybe that Russian Vessels are lost, one of the main assets down, or client terminating lease ... for a justifiable cause ...
Another possibility is that Bumi Armada has got a decent amount of Russian shareholders that are selling down completely. But I can't say this for sure
The oil and gas sector?s outlook is also positive as escalating crude oil prices and rising global demand will catalyse faster order flows across the value chain. Meanwhile, the power and consumer sectors are good proxy to the economy recovery hence we are positive on these sectors too. However, we are UNDERWEIGHT on plantations as we believe that the CPO price should ease in the 2H2022 as production increases.
(March 3): Outflows from Russia in the wake of sanctions and index exclusions due to Ukraine war can find home in Indonesia and Malaysia as both Southeast Asian nations produce commodities like Russia and Ukraine, according to money managers Samsung Asset and Modular Asset.
BURSA should investigate trades in this counter! Oil price is at record levels of past 5 years and the stock had hardly moved form it's 3 mths ago prices!
Something seriously wrong with some folks having position here that if prices rise they stand to loose!
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....
winmal
1,128 posts
Posted by winmal > 2022-03-03 09:37 | Report Abuse
short selling which cause Armada continue to go lower despite strong oil price and EPS 10 sen