Posted by sparrow > 2022-03-15 19:33 | Report Abuse

https://www.upstreamonline.com/exclusive/ongc-recovers-offshore-jacket-left-stranded-at-vietnam-yard-by-sapura-cash-woes/2-1-1181438.

be mindful on the negativity impact Sapura might have on Armada, there's a big piece of OGNC 98/2 FPSO construction work awarded to Sapura, in event Sapura failed to deliver, we might see another force majeure event.

Posted by maestro85 > 2022-03-15 20:12 | Report Abuse

run

Posted by Eric Lim > 2022-03-15 20:14 | Report Abuse

Please don't spread rumours

Posted by MM78 > 2022-03-15 20:56 | Report Abuse

One cant compare Armada with glove stocks, the glove manufacturers share price were very inflated within short spell of time due to Covid driven demand hence its ASP of gloves with surging super profit. Armada business is based on long gestation period FPSO projects/ contract plus recently disposed off OMV business. Its share price has risen in the last 2 years from record low of 11 sens to recent height of 57 sens basically due to the successful turn around by the new MD managed to stabilize its FPSOs performance ( especially Kraken) ; monetizing its money loosing OSVs asset and generate enough operating cash flows to cut down it high debt hence its financial costs. ( with its strings of prior huge impairments a few years in the row) Its recent share price height of 57 sens is still very far from its highest share price of around RM 2.70 in April 2012. Armada is a success turn around story yet fully recognized by the overall market as not all retail share buyers are fully aware or buy in the key success factors of its turnaround . I guess many retail traders are more inclined on hear says than knowing the details of its turn around for their decisions , hence tend to jump on share price changes , pardon me for saying this. We cant not discount there market operator play on this weakness to make killing a few rounds already, is this another round of killing the Ikan Bilis ?

Posted by winmal > 2022-03-15 20:59 | Report Abuse

you realised when plantation enter bull run, all plantation drop without any reasons. Like SimeP drop Rm3.5 before renounce to RM5. Flush out weakholders and margin account

Posted by JoshuaMS7 > 2022-03-15 22:01 | Report Abuse

walao oil price drop another 10 usd to 98 usd soon! but above 90 usd still profitable for BA right?

Posted by James Ng > 2022-03-15 22:06 | Report Abuse

https://klse.i3investor.com/blogs/general/2022-03-15-story-h1600272228.jsp
[转贴] [Video:浅谈BUMI ARMADA BERHAD, ARMADA, 5210] - James的股票投资James Share Investing

Posted by Eric Lim > 2022-03-15 22:20 | Report Abuse

Armada does not sell OIL, please understand its business first before investing

Posted by Ninja _07 > 2022-03-15 23:03 | Report Abuse

China market down pulled by tumbling tech stocks.. seems to affect Asian market overall

Posted by MM78 > 2022-03-15 23:41 | Report Abuse

JohsuaMS7 , Armada achieves historic record high PAT of RM 574 Min FY 21 not because of the increase in oil price but its good FPSOs operational performance in the year. You can read its quarterly reports to understand better.

Posted by JoshuaMS7 > 2022-03-16 07:01 | Report Abuse

Ok. Then slump in oil price will not affect BA share price right? But why BA share price drop recently?

Posted by nasgee > 2022-03-16 08:45 | Report Abuse

2day LU vrommm

Posted by Markv572421 > 2022-03-16 09:04 | Report Abuse

Wow strong volume this morning ?

Posted by MM78 > 2022-03-16 09:40 | Report Abuse

JohsuaMS7, have you ever heard of market sentiments and market operators manipulating and cashing in the mood swings of the retail investors or even the fund mangers ? Winmal has commented the same on the recent plantation stock price odd reactions in his posting yesterday.

Posted by MM78 > 2022-03-16 09:43 | Report Abuse

Even fund managers need to follow some kind of heard mentality due to their very own fund investors' mood swings for a particular sector. Glove stock's wild swing was another big example.

Posted by nasgee > 2022-03-16 10:18 | Report Abuse

get settt...vromm

Posted by Macgyver11 > 2022-03-16 11:37 | Report Abuse

Hopefully this time will gain momentum to push up the price...not a absolute trap

Posted by winmal > 2022-03-16 16:12 | Report Abuse

Armada poised to rebound once selloff alleviated. margin call stop

Posted by armadatuah2017 > 2022-03-16 16:17 | Report Abuse

Cycle repeating..those who had heed, can start harvesting soon.

Posted by strattegist > 2022-03-16 18:35 | Report Abuse

green 0.385

Posted by fusing79 > 2022-03-16 22:05 | Report Abuse

Armarda share price start drop from Feb, during that time WTI crude oil price on sharp up trend...

Posted by freddiehero > 2022-03-17 07:12 |

Post removed.Why?

Posted by Markv572421 > 2022-03-17 09:34 | Report Abuse

time to buy

Posted by hoot9e996 > 2022-03-17 10:23 | Report Abuse

sell or keep?
really up or trap before selldown again?

Posted by strattegist > 2022-03-17 10:28 | Report Abuse

steady

Posted by MM78 > 2022-03-17 10:58 | Report Abuse

Starts to move up again , congratulations to those who bought low and hold

Posted by armadatuah2017 > 2022-03-17 15:46 | Report Abuse

Keep first, sell above 0.50

Posted by armadatuah2017 > 2022-03-17 15:47 | Report Abuse

New cycle for this year. Keep repeating it..never go wrong

Posted by winmal > 2022-03-17 16:13 | Report Abuse

Since 2014 Oil selloff ... 8 years oil and gas counters suffering huge losses, 2014 Armada traded price of RM2.50 today merely RM0.40 which not justify with fundamental value although Armada reported a record profit Since Armada listing.

Posted by ID007 > 2022-03-17 16:55 | Report Abuse

armada is back!!!

Posted by 1pingpong > 2022-03-17 17:08 | Report Abuse

went in last minutes today to join the ride. sell off GentingM and all in this counter.

Posted by winmal > 2022-03-17 17:13 | Report Abuse

many retail investors bought Armada, follow by recent selldown which many retail investors or weak holders will blindly & panic selling so that why recently so badly hit from 0.555 to 0.37 within 2 weeks.. don't trade if you cannot hold for 2 years. 10 cents EPS with PE less than 4. every year manage to pare down debt at least RM1 bil. with this progress 2 years Armada debt ratio will below 1 from 1.6.

Posted by strattegist > 2022-03-17 17:14 | Report Abuse

green 0.415

Posted by Shareview123 > 2022-03-17 17:15 | Report Abuse

Armada hit 0.54 in Nov 2019, due to pandemic, it dropped to around 0.135,
On 18 Oct 2021, it hit 0.545 again, then dropped to 0.42 on 29 Nov 2021
Then on 4 Feb 2022, it hit 0.575, because of a lot of retailers jumped in, so the sharks pressed down to cach contra players, they press down to 0.365 on 15 March, today closed at 0.415 with a jump from 0.405 at 4.44 pm. It is very clear cut to earn money from contra players and to panic weak retail holders. Armada was around 0.90 in 2018 when crude oil was around USD 80.
The last few quarters made profits, and with oil prices above USD 90, no reason for Armada hovering around 0.40.
The only reason is they are accumulating and try to flush out retailers.

Posted by hoot9e996 > 2022-03-17 17:22 | Report Abuse

yeah kena flushed :( my weak hands takut

Posted by Shareview123 > 2022-03-17 17:38 | Report Abuse

Based on the audited annual report 2018, 2019 and 2020, Malaysia master value investor also increased his investment from 30 m to 65 m shares

Posted by Shareview123 > 2022-03-17 18:06 | Report Abuse

Armada dropped from around 0.80 from beginning of 2018 to 0.15 during Dec 2018, then hit 0.54 in Nov 2019.
Very difficult to play contra. Must hold and let them push back around 0.55 again. If crude oil sustain above USD for a year, it should go back to around 0.80. Armada results is much better than 2018 to 2021, no reason hovering around 0.40 the only reason is a lot of retailers average holding cost may be around 0.55 to 0.60.

Hibiscus dropped from around 1.00 in 2020 to around 0.80. Then slowly dropped to 0.71
before limit down on 9 March 2020 to 0.41,due to disagreement between Russia and Opec March pendamic to 0.25 in March 2020 .later dump and pump for 2 years to hit 0.80. But took around 2 months only from 0.80 to 1.32 because a lot retailers were flushed out plus crude oil price jumped fr USD 88 ++to USD 130above.

Posted by Shareview123 > 2022-03-17 18:16 | Report Abuse

For those retailers with strong holding power, can buy and hold for 3 to 6 months for a target price of 0.55 to 0.60 or 6 to a year for a target price of 0.80 to 1.0
Armada was Top 5 FPSO in the world, may be slightly bigger than YINSON.

Posted by sikusiku > 2022-03-17 19:13 | Report Abuse

I'm still trying to understand posts here that talk about how if oil prices skyrocket, Armada's price should go up.

Armada's revenue is not dependent on oil prices. If oil goes up to USD200 per barrel, its revenue is going to remain unchanged.

What it does need is oil prices to be at a minimum level so that it's clients (whose livelihoods are dependent on oil prices) can pay the bills.

As long as oil prices do not crash, Armada is in a good position.

Oil prices skyrocket, makes absolutely no bloody difference for the company.

Posted by winmal > 2022-03-17 22:02 | Report Abuse

Armada strive to pare down his debts eventually company will have saved at least 50 mil every year. moreover, monetisation of vessels existing from loss making OSV business. unjustified at RM0.415 with PE 4 & 10 eps. forward will have more profit compared 2021.

Posted by hoot9e996 > 2022-03-17 22:22 | Report Abuse

aint got time to research O&G counters..... thats why a lot loss money in serbadk
we dont know their business model, where they come from and how they earn
from selling oil, processing oil, oil rigs, maintenance or whats more.... we just hoot

Posted by hoot9e996 > 2022-03-17 22:26 | Report Abuse

now you see oil price going back up, you see any O&G counter in top volume tomorrow sure a lot will hoot
no need think, TOGATHER STRONG

Posted by MM78 > 2022-03-18 10:17 | Report Abuse

It is typical of weak retail investors who do not understand the fundamentals of a particular counter and yet not interested to do home work to know their invested counters well enough to hold when the market goes into panic mood. Armada is one counter that is perhaps very misunderstood by such group. Its profitability is based on long term contract performance of its FPSOs, as well said by Sikusiku too. Those who choose to all in or all out at the whim and fancy mood swings are actually gambling, sometimes successful but mostly flying blind....

Posted by Eric Lim > 2022-03-18 11:11 | Report Abuse

Can sailang already???

"Importantly for Bumi Armada, the US$44.5 million proceeds from the sale of the ice-class vessels have been remitted to Malaysia and used to pare down its corporate borrowings.

"Also, the ongoing contract for the two subsea construction vessels is not material to Bumi Armada. Therefore, we believe the company has the right to claim the costs of all preparatory work done to date even if the pipelaying work is ultimately abandoned," it said.

Posted by Macgyver11 > 2022-03-18 11:24 | Report Abuse

Bumi Armada Bhd's share price has dropped dramatically in the last month, most likely owing to retail selling, as institutional holdings in the stock are low.

CGS-CIMB Research said the main reason is the onset of the Russia-Ukraine conflict, which caused concerns over Bumi Armada's exposure in Russia.

CGS-CIMB Research said Bumi Armada's share price fell 27 per cent from 52 sen on February 24, the day of the Russian invasion, to a low of 38 sen on March 15.

Bumi Armada has two subsea construction assets in the Caspian Sea or the Armada Installer and Armada Constructor, that have worked for Russia's vertically-integrated oil company Lukoil up to December 2018.

The company had recently secured a new contract to perform pipelay work for Lukoil that will begin in the second quarter (Q2) 2022.

Additionally, it said Bumi Armada sold its three ice-class offshore service vessels (OSVs) to Lukoil on January 20, 2022, for US$44.5 million.

However, the risks are manageable as Lukoil is not owned by the Russian state and has not been subject to the US or European sanctions, CGS-CIMB Research said.

"Importantly for Bumi Armada, the US$44.5 million proceeds from the sale of the ice-class vessels have been remitted to Malaysia and used to pare down its corporate borrowings.

"Also, the ongoing contract for the two subsea construction vessels is not material to Bumi Armada. Therefore, we believe the company has the right to claim the costs of all preparatory work done to date even if the pipelaying work is ultimately abandoned," it said.

CGS-CIMB Research anticipates Bumi Armada to proceed with the Lukoil work and that it may be possible to remit profits back to Malaysia via non-Russian banks' continued access to the SWIFT payments systems.

"Hence, the risks arising from the Russia-Ukraine war on Bumi Armada may be manageable, in our view," it said.

CGS-CIMB Research has upgraded Bumi Armada to 'Add' from the previous 'Hold' with an unchanged target price of 55 sen.

Posted by strattegist > 2022-03-18 11:38 | Report Abuse

stable

Posted by value8888 > 2022-03-18 11:44 | Report Abuse

https://www.theedgemarkets.com/article/cgscimb-upgrades-bumi-armada-target-price-55-sen

Posted by nikicheong > 2022-03-18 11:55 | Report Abuse

So much b*lls**t from Bumi Armada management. Can do exclusive session with CIMB and other analysts, but cannot provide this information to their public shareholders via a Bursa Malaysia announcement.

Posted by nikicheong > 2022-03-18 11:58 | Report Abuse

Pharos Energy FY2021 results have been released. They are part owners of the TGT field Vietnam, at which Bumi Armada has an FPSO. The extension contract for the FPSO runs until 2024, but very strong chance of further extension as new wells have been successfully drilled, and more are expected to be drilled in Q3 2022. Field extension had been previously granted to 2026 I believe, but now Pharos Energy says that a further extension will be applied from the Vietnam government, until 2031.

Meaning which, Armada TGT FPSO has potential upside in terms of contract length of between 2 (year 2026) to 7 years (year 2031), from the end of the original extension to 2024.

Posted by nikicheong > 2022-03-18 11:59 | Report Abuse

Full PDF: https://www.pharos.energy/media/y3rfhnaj/final_pharos-2021-preliminary-results_16-mar-2022.pdf