Posted by Macgyver11 > 2023-01-27 15:47 | Report Abuse

Huat!! Armada and velesto super power this year..

Posted by OrlandoOilSemiconIoT > 2023-01-30 11:41 | Report Abuse

F4GBM index

Posted by yewnamhung > 2023-01-30 11:50 | Report Abuse

" Gong Xi Fa Cai" latest target price ???

Posted by serpent100 > 2023-01-30 13:51 | Report Abuse

F4GBM ?
Got news about it ?

Posted by nikicheong > 2023-01-30 15:19 | Report Abuse

Folks, the inclusion to F4GBM Index has ZERO impact. That index is by and large irrelevant.

Posted by Income > 2023-01-30 15:22 | Report Abuse

This is the best Roti Tissue.

Posted by OrlandoOilSemiconIoT > 2023-01-30 15:45 | Report Abuse

F4GBM index is the main reason the price up this round

License for institutional funds to buy Armada


Sustaining profitability and improving cashflow were known since last few quarters

In fact screwed up a tad in these 2 in coming quarters will cause the price to drop coz priced in d

Posted by Income > 2023-01-30 15:57 | Report Abuse

The best Roti Telur.

Posted by Macgyver11 > 2023-01-30 17:13 | Report Abuse

Below are the list of companies that meets the F4GBM index criteria...
Aeon
Axis
Boustead
Bumi Armada
CJ century
Cross digital
D&O green tech
Dufu
Eco world
Ghl system
Globetronic
Hester
Hong leong
Kenenga inv
Lbs inv
Malaysia steel
Mi tech
Takaful
TH plantation
Uchi tech
Wct holding...and many more.

Some example of companies that listed in bursa meets the F4FBM index requirementd. Not all go up..I guess

Posted by OrlandoOilSemiconIoT > 2023-01-30 19:15 | Report Abuse

Armada's 1st accreditation coming from oblivion......

Posted by OrlandoOilSemiconIoT > 2023-01-31 08:00 | Report Abuse

*back

Posted by yewnamhung > 2023-01-31 09:54 | Report Abuse

go go go break TP 0.585

Posted by OrlandoOilSemiconIoT > 2023-01-31 14:17 | Report Abuse

Must believe the system is working

Must believe there was indept study of Armada before it was placed in F4GBM

Posted by Macgyver11 > 2023-01-31 16:58 | Report Abuse

Crude oil prices have found a floor and the only way they can go from here would be higher. That’s according to RBC commodity analysts Helima Croft and Michael Tran, as quoted by Bloomberg.

“We remain constructive on the fundamental framework, and in fact, we would not be the least bit surprised if the lows of the year end up being the US$72/bbl (per barrel) print that we saw three weeks ago on the second trading day of the year,” they said, adding that China’s reopening had not yet been fully priced in to the oil market.

This might sound a bit surprising given that China’s reopening is being cited as the biggest reason behind oil prices’ recent climb upwards and as the biggest tailwind for them going forward.

Yet with reports coming in about still high infection rates in the world’s largest importer of crude oil, it may well be the case that China’s reopening has not yet been priced in to the oil market.

“We don't think that there's much that's being priced into the oil market as a function of China's reopening yet and the reason why is because the consumer path towards normalization is still going to be quite bumpy,” Michael Tran told Bloomberg in an interview.

This path to normalization will likely be marked by an increase in imports, which are still about 1.5 to 1.7 million bpd below where they were pre-pandemic, according to Tran.

Not all of these volumes need to return for oil prices to spike, the analyst noted, however. “The key idea here is we don't need to get all of that back for the market to rally significantly. If you start picking up a quarter million, half million, [or] one million barrels a day over the course of the next several months, you better bet that this is going to be an oil market that moves higher,” Tran told Bloomberg.

Posted by Income > 2023-01-31 20:40 | Report Abuse

Roti special satu

Posted by fudrud > 2023-02-01 01:00 | Report Abuse

Come on fellow investors, what is your target price for taking some profit. I am looking for a price to book of around 1 which brings it in to line with SBM and Yinson. Thats around a ringgit.

Posted by 8ackwoods > 2023-02-01 03:21 | Report Abuse

Roti kosong satu

Posted by alenac > 2023-02-01 10:16 | Report Abuse

RM1 could be tough to achieve if big boss not buying.
fudrud
Come on fellow investors, what is your target price for taking some profit. I am looking for a price to book of around 1 which brings it in to line with SBM and Yinson. Thats around a ringgit.

9 hours ago

Posted by pang72 > 2023-02-01 10:35 | Report Abuse

Wish armada can break 80c tp by most IB forecast after 2 years

Posted by Bon888 > 2023-02-01 12:46 |

Post removed.Why?

Posted by nikicheong > 2023-02-01 14:20 | Report Abuse

RM1.00 and beyond is very much possible, however it will be predicated on fulfilling at least half of the following:

1) 1 Major contract win for FPSO (Cameia FPSO in Angola is a good bet)
2) 1 Minor FPSO contract win (either a small/medium scale FPSO 100% owned, or a large scale FPSO owned with a JV partner)
3) 1 or 2 non-FPSO contract win (either 100% owned or JV) - e.g. FSRU, FSU, FSO etc
4) "Green energy" initiatives especially for future FPSO/non-FPSO wins, and better still if current FPSOs also incorporate elements of green energy
5) Confirmation of sale or scrapping of Armada Claire FPSO
6) Confirmation of contract extension for Armada TGT FPSO in Vietnam (might only be announced in Q4 2024, but it's all but certain the contract will be extended as new wells are still being drilled in the aged TGT field)
7) Contract extension of Armada Sterling II (Q4 2024)
8) Diversification into floating CCS and other "green" structures materialises
9) Ongoing charter of the 2 SC vessels in the Caspian Sea and 1 SC vessel in Indonesia
10) First oil achievement and then full acceptance of Armada Sterling V FPSO by ONGC at the 98/2 field in India
11) Full divestment of the two remaining offshore vessels
12) Positive development at the Kraken field such as drilling of the Kraken Western flank or tieback to the nearby Bressay and Bentley fields (as this would signal long-term contract extension for Armada Kraken FPSO which is due to expire in Q3 2025)
13) No major issues at all its current producing FPSOs and FSU - Olombendo (Angola), Kraken (UK), Sterling I (India), Sterling II (India), TGT (Vietnam), Sterling III (Indonesia) and Mediterrana (Malta)

In fact, if all 13 above become a reality in the coming two years - then we shall see a strong rally to RM2.00 levels. If Bumi Armada can add a further large-scale FPSO contract win in the coming year or two (in addition to Cameia FPSO) that is backed by a long-term charter, then we might even be seeing RM3.00 levels.

Just my two cents, please share if I have missed out anything. I've been holding 350k from RM0.225 levels and added another 100k over the past year at an average price of RM0.40. I consider myself a long-term investor, but of course if there is a crazy run in price where the valuations over-run the fundamentals, I will be ready to sell.

Posted by Macgyver11 > 2023-02-01 22:48 | Report Abuse

The Joint Ministerial Monitoring Committee (JMMC) of the OPEC+ group recommended that no changes be made to the current oil production quotas during a meeting on Wednesday, as widely expected.

The members of the JMMC “reaffirmed their commitment to the DoC which extends to the end of 2023 as agreed in the 33rd OPEC and Non-OPEC Ministerial Meeting (ONOMM) on 5th of October 2022,” OPEC said in a brief statement after the meeting.

The panel is meeting next on April 3, 2023.

The no-change in policy was widely expected by the market, considering the uncertainties in both supply and demand in the coming months. Analysts expected OPEC+ to adopt a wait-and-see approach amid significant uncertainties going forward.

Earlier this week, Saudi Crown Prince Mohammed Bin Salman and Russian President Vladimir Putin discussed OPEC+ cooperation on a phone call, according to various sources, with the focus on maintaining the stability of oil prices ahead of the virtual OPEC+ panel meeting today. Russian oil production has held up in spite of new Western sanctions and price caps, and three OPEC+ delegates have told Reuters that the Wednesday meeting was likely to conclude without any output policy changes.

In view of the uncertainties about Chinese demand and Russian supply in February and March, OPEC+ was widely expected to keep the current production levels, which reduced target output by 2 million barrels per day (bpd) from November onwards. Yet, the actual cut is estimated to have been around 1 million bpd.

In December, OPEC-13’s average December production rose by 91,000 bpd, according to the MOMR, to 28.971 million bpd, with nearly all of the gains coming from Nigeria. But December’s OPEC-10 production – the members bound by the OPEC+ pact – was still substantially below the production quota, with the group underproducing by more than 800,000 barrels per day.

Going forward, OPEC, OPEC+, and market participants will look to China and Russia for the most immediate clues on global demand and supply.

Posted by Macgyver11 > 2023-02-01 22:59 | Report Abuse

Macgyver11
Today 0.58c..ayoh! Armada

6 days ago

Tomorrow 0.60c..ayoh! Armada, engkau boleh.

Posted by AlfI3 > 2023-02-02 05:23 | Report Abuse

Long awaited silence breakthrough since it's RI

Posted by yewnamhung > 2023-02-02 12:02 | Report Abuse

coming....RM0.60

Posted by Colin01 > 2023-02-02 12:03 | Report Abuse

Break 0.585, please continue to fly

Posted by tomwah > 2023-02-02 12:43 | Report Abuse

just out boat , waiting for next entry price , good luck

Posted by Michael Kwok > 2023-02-02 16:59 | Report Abuse

Price 58 cents
Bumi armada sell call 58-61 cents
2/2/23 5.00pm

Posted by Macgyver11 > 2023-02-02 17:00 | Report Abuse

My TP at 0.59c and waiting for reentry at good price. Congratulations all.

Posted by 2721 > 2023-02-02 20:07 | Report Abuse

Niki, reali long term investor, may i know when u bought at 0.225

Posted by Robert Waters > 2023-02-02 20:30 | Report Abuse

I congratulate long timers who made profit and exited. Good for you. Support us on re-entry.
Soon we will have many new investors here. At 50+ sens. I look forward to hearing from them.
There was a very high volume, so the ownership have changed significantly.

Remember that around the QE anouncement BAB reaches highs. And also remember that the stock plummeted early in 2022 on the fears of not getting paid about 50 millions USD for vessels sold to Russia. Vessels were paid. Construction and pipe laying vessels in the caspians received Lukoil contracts. And we only returned to the pre Ukraine war valuation levels. There is room to go higher. Earnings, gearing, contracts nothwithstanding as they only improved ...

Posted by Bon888 > 2023-02-03 08:20 | Report Abuse

I believe BA is the black horse of year 2023. Just need to wait for some good news.

Posted by i3lurker > 2023-02-03 11:22 | Report Abuse

This is a good pump.
The world is flooded with oil now.
More rigs are operational.
Oil reserves went up.
Better quality oil reserves.
Less demand for oil.
Biggest user of oil is always construction, chemicals and transport.
Chemicals is dead see LCTitan share price
Transport is moving towards EV. EV for semis and small planes are operational
Construction for China and global is way down and expected to stay pressed down.
The most bullish bull agrees oil will never exceed USD100/- for 2023
This is a good pump.

Posted by i3lurker > 2023-02-03 11:50 | Report Abuse

when Silverman Suck was forecasting USD300/- per barrel Armada share price dived coz manipulators ALL wanted to buy Armada cheap.

When ALL agrees oil is plentiful and will never cross USD100 for 2023 Armada share price was pumped up for manipulators to dump sell at high price.

Life is wonderful !!!

This is a good pump !!!

Posted by pang72 > 2023-02-03 11:59 | Report Abuse

IB shouted armada for 2 years given tp80c... Insist 80c..
Overall business improved, scary debt slowly payoff, the default is negligible or rather not going to happen.

Posted by i3lurker > 2023-02-03 12:07 | Report Abuse

Good luck !!!

Posted by Sslee > 2023-02-03 12:36 | Report Abuse

Oil and gas giant Shell has reported record annual profits after energy prices surged last year following Russia's invasion of Ukraine.

Profits hit $39.9bn (£32.2bn) in 2022, double last year's total and the highest in its 115-year history

Posted by OrlandoOilSemiconIoT > 2023-02-03 12:38 | Report Abuse

F4GBM

Armada ain't the same anymore

Institutional funds investable

Posted by Sslee > 2023-02-03 12:38 | Report Abuse

Wonder which sucker countries paying for oil and gas record profits?

Posted by OrlandoOilSemiconIoT > 2023-02-03 14:12 | Report Abuse

Oils sold in USD

Costs in any currencies other than USD

= record profits

Thanks to the FED

Posted by OrlandoOilSemiconIoT > 2023-02-03 14:12 | Report Abuse

Armada bills in USD.....

Posted by Bon888 > 2023-02-03 15:09 | Report Abuse

Past few days Oil price dropping but Armada share price still moving up. Could be upcoming quarter good financial results or new contract award soon?

Posted by OrlandoOilSemiconIoT > 2023-02-03 15:15 | Report Abuse

And begining of year institutional funds rebalancing their portfolios......

Posted by OrlandoOilSemiconIoT > 2023-02-03 15:15 | Report Abuse

F4BGM

Posted by serpent100 > 2023-02-03 15:35 | Report Abuse

Any good news will announce soon ?

Posted by itch > 2023-02-03 15:37 | Report Abuse

The goods are that most of us long-term holders are making great returns for our patience! More to come...

Posted by KimSua > 2023-02-03 16:04 | Report Abuse

Time to load off.. Good luck guys

Posted by gogogolee > 2023-02-03 16:17 | Report Abuse

bye .. 625

Posted by pang72 > 2023-02-03 16:19 | Report Abuse

ARMADA ship fly
This time must break 80c

Posted by Bon888 > 2023-02-03 16:23 | Report Abuse

This round uptrend with a strong momentum, not like previous short term goreng pattern. This could be a paradigm change for entire Oil and Gas services industry since almost a decade of downturn.