Posted by i3lurker > 2023-02-24 17:27 | Report Abuse

big funds already blacklisted all OnG
many will dispose quietly and slowly

Posted by zonefinder > 2023-02-24 19:53 | Report Abuse

i3lurker, where did you get these nonsense on big funds from?

Posted by Bon888 > 2023-02-24 22:21 |

Post removed.Why?

Posted by alenac > 2023-02-24 23:36 | Report Abuse

alenac
Will Monday be the big boss day? Or will the following earnings report another burst of profits for Armada?
Armada had never had such a good year since 2013. Oil price is back in play as long as Putin keeps the onslaught on Ukraine.

Posted by Ninja _07 > 2023-02-26 11:46 | Report Abuse

Sell call bumi armada 56 cents
Tp 45 cents below
22/2/23 5.16pm


Michael Kwok already kokok

Posted by Heungheungloveyou > 2023-02-26 13:01 | Report Abuse

If this type of stock also rate at a sell, then there are no stocks you can buy in Bursa, better save your hard earn money in FD else you will be all time looser in your investment. My sincere advice!

Posted by i3lurker > 2023-02-26 13:09 | Report Abuse

Summary:
STRONG BUY

Moving Averages: STRONG BUY Buy (10)Sell (2)
Technical Indicators: STRONG BUY Buy (11)Sell (0)

RSI(14) 58.601 Buy
STOCH(9,6) 66.111 Buy
STOCHRSI(14) 71.246 Buy
MACD(12,26) 0.005 Buy
ADX(14) 25.961 Buy
Williams %R -27.273 Buy
CCI(14) 113.7581 Buy
ATR(14) 0.0114 High Volatility
Highs/Lows(14) 0.0125 Buy
Ultimate Oscillator 67.058 Buy
ROC 5.357 Buy
Bull/Bear Power(13) 0.0250 Buy
Buy: 11 Sell: 0 Neutral: 0
Summary: STRONG BUY

MA5 0.590 Sell 0.589 Buy
MA10 0.581 Buy 0.582 Buy
MA20 0.568 Buy 0.577 Buy
MA50 0.577 Buy 0.578 Buy
MA100 0.590 Sell 0.576 Buy
MA200 0.562 Buy 0.562 Buy

Posted by i3lurker > 2023-02-26 13:12 | Report Abuse

dun involve emotions
keep it business
you might lose some money if technicals prove wrong, sometimes sheet happens
on average plus minus over many counters if dun involve emotions, generally technicals will make net profit

Posted by i3lurker > 2023-02-26 13:29 | Report Abuse

Please remember & remember always that Technicals is mathematics and has no brain.

Technicals dun know about coming recession.
You have to decide got recession or no recession.

If technicals 100% make money all become Trillionaires already.

Posted by Bon888 > 2023-02-26 22:54 | Report Abuse

OK dun pun emotions in the discussion. Let the time telling us the truth.

A company that fully recovered from the storm, trying hard to minimize the debts, generated billion cash last year and hit record profit this year. I believe the market will give a fair value for Armada within the next 6 months. I'm talking about PE 15X.

Posted by nikicheong > 2023-02-27 09:23 | Report Abuse

Anybody have the full CIMB pdf?

Posted by Nepo > 2023-02-27 10:51 | Report Abuse

https://www.theedgemarkets.com/node/656859

Posted by nikicheong > 2023-02-27 11:25 | Report Abuse

https://rfs.cgs-cimb.com/api/download?file=d55634d7-cb61-4b88-bab7-427284362a73

Posted by nikicheong > 2023-02-27 11:51 | Report Abuse

Potential Bumi Armada Re-rating catalysts:

New wins:

1) Award of Cameia FPSO project in Angola from TotalEnergies - This is only an EPC contract and will only sustain earnings for 2-3 years. This is NOT a long-term charter contract
2) 1 Minor FPSO contract win (either a small/medium scale FPSO 100% owned) - Active bids in Tuna field (Indonesia) and Palok field (Mexico)
3) 1 Major FPSO contract win (large scale FPSO, likely with a JV partner) - Unlikely to be soon as there are no known large scale bids from Bumi Armada, but possibilities exist in West Africa / South America
4) Non-FPSO contract win (either 100% owned or JV) - e.g. FSRU, FSU, FSO - The Mumbai Port FSRU project has been deferred. No other publicly known bids for now
5) New contract win for the 2 SC vessels in the Caspian Sea and 1 JV-owned SC vessel in Indonesia. Potential for new wins for the Caspian Sea vessels as flurry of work in the region due to high oil price environment. All 3 vessels as at 31 Dec 2022 are laid up

Green energy:
1) "Green energy" initiatives for future FPSO/non-FPSO wins (e.g. zero flaring or fully electrified FPSO)
2) Decarbonisation for existing fleet of FPSO
3) Diversification into floating CCS and other "green" structures materialise

Business as usual:
1) First oil achievement and then full acceptance of Armada Sterling V FPSO by ONGC at the 98/2 field in India
2) Confirmation of sale or scrapping of Armada Claire FPSO
2) Full divestment of the remaining offshore vessel

Contract extensions:
1) 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
2) Contract extension of Armada Sterling II (due in Q4 2024)
3) Positive development at the Kraken field such as drilling of the Kraken Western flank or tieback to the nearby Bressay and Bentley fields - This would signal long-term contract extension for Armada Kraken FPSO which is due to expire in Q3 2025. For now, Enquest has indefinitely deferred drilling due to commence in 2023

-----------------

Note: All the above comes from my own research. Let me know if I've missed out on anything. I maintain that the Q4 2022 results, while extremely solid, were wholly "unexciting". We need positive developments that would enhance the long-term wellbeing of the company, only this will ultimately push the share price to higher levels.

Posted by MrKhan > 2023-02-27 11:52 | Report Abuse

So only Maybank downgraded the stock from Buy to Hold? Did any other IB downgraded the stock too?

Posted by pang72 > 2023-02-27 11:57 | Report Abuse

Good QR but drop.
This is the trend now. You know?

Posted by MrKhan > 2023-02-27 12:22 | Report Abuse

Can BA not convert Cameia’s EPCC job to a full build-own-lease model..given it’s current gearing and cash flow I’m sure they are capable of doing it..

Posted by serpent100 > 2023-02-27 15:58 | Report Abuse

Armada armada armada…Adik like velesto,perdana dh up ari2

Posted by Bon888 > 2023-02-27 16:41 | Report Abuse

Full build-own-lease model may require project funding via the rights issue. The risk is high but higher rewards.

The Armada Kraken delay and Armada Claire termination almost caused BA file for bankruptcy in 2019. Better play safe now.

Posted by Ninja _07 > 2023-02-28 09:38 | Report Abuse

Rights Issue on the way guys...

Its a good company no doubt, those who have holding power by all means just go in.. But others play safe yeah

Posted by MrKhan > 2023-02-28 09:38 | Report Abuse

What’s taking them so long to scrap Armada Claire..thought this was supposed to be done by end of last year?

Posted by nikicheong > 2023-02-28 10:27 | Report Abuse

I think the reason is there has been an uptick of interest from buyers, so they can sell instead of scrap. I expect an update within 3 months.

Posted by nikicheong > 2023-02-28 10:28 | Report Abuse

No there is no immediate risk of rights issue. In fact, even if there is one more large scale FPSO fully owned by Buni Armada, I expect no issue to finance.

Posted by MrKhan > 2023-02-28 13:39 | Report Abuse

I agree with Niki..with the current level of gearing, they should not have any issue financing a large scale FPSO

Posted by 3lephAnt > 2023-02-28 16:30 | Report Abuse

A lot changed hands at 0.585

Posted by Bon888 > 2023-02-28 20:38 | Report Abuse

I feel build-own-lease business model the risk to the company is too high. Just like Armada Claire after built the client can just cancel contract anytime without any penalty. Now idle there burning maintenance cost.

Maybe a JV model with the client is a better option. Both own parties the risk and enjoy the profits sharing.

Posted by Bon888 > 2023-02-28 21:17 | Report Abuse

Armada financial performance is far more better than Yinson.

Armada generated 1.3 billion cash from operation but Yinson negative cash flow.

Armada profit and revenue is far more impressive than Yinson.

Yinson`s debt 10 billion , Armada just 5 billion.

I don't know why Yinson valuated at PE 17x while Armada is less than PE 5x.

Posted by nikicheong > 2023-02-28 22:35 | Report Abuse

Bon888, by 2025 Yinson is gonna be a powerhouse generating RM1bil++ of net profits per annum, and things will only get better from then on. They have long-term visibility on all their contracts.

Heck, they just won the Agogo FPSO with aggregate value of RM20.3bil. Just ONE of their project exceeds Bumi Armada's ENTIRE order backlog. Try to understand that.

Yinson is already on the next level. The higher P/E for Yinson simply implies that expectations of future profits are elevated (which is wholly warranted), while on the other hand, the lower P/E for Bumi Armada simply implies that expectations of future profits are muted (again, wholly warranted).

Bumi Armada is a sunset company if it cannot secure any new contracts. In this tight FPSO market with demand surpassing supply, it is tough to fathom how Bumi Armada still has nothing to show. Time is ticking, every day I check the news to see if Bumi Armada has secured a new contract.

For now, Bumi Armada is almost fairly valued, in the absence of any new contract wins.

Posted by Bon888 > 2023-02-28 22:46 | Report Abuse

Yinson expending too fast. If one of the key project run into problem, the company will be in big problem.

Cannot say Armada is a sunset company. Armada have contracts enough to generating cash for many years. Armada also actively bidding for new opportunities but now she is more selective and more careful on capex.

Anyway new contract award is already in the pipeline. Let's see how market react to it.

Posted by Gabriel Khoo > 2023-02-28 22:54 | Report Abuse

Armada has succesfully transformed. They not only selective in their projects. You have to taking care of the prospect of ESG and boom in EV. Growing to fast in FPSO is not a good thing. Oil demand in developed countries is driving the oil price over the last decades. Price is sensitive to demand. It will world another way round. Carry too many fpso projects may not neccessary is a good thing.

Posted by ID007 > 2023-03-01 10:25 | Report Abuse

gogo armada!

Posted by zonefinder > 2023-03-01 10:57 | Report Abuse

Good inputs esp from our BA guru Niki. As he mentioned, what is needed now is for BA to get project wins. Once this happens, it will be a catalyst for a stock re-rate. Right now for those who are value investors, just keep accumulating on any correction. Expect price to hover between 50 to 65 for now.

Posted by ageetkumar > 2023-03-01 11:37 | Report Abuse

Commenting on Armada Claire termination: The termination clause in the contract was very much in favour of the client, which BA management accepted to drive growth in early years. I am hoping they won't make the same mistake again.

Posted by Bon888 > 2023-03-01 17:21 | Report Abuse

Today BA got power!

Posted by RISK8888 > 2023-03-01 17:46 | Report Abuse

Wa so good. Operator bagi angpow

Posted by Fieldbus > 2023-03-01 19:11 | Report Abuse

Need to hit and stay above 0.63, the next target will be 0.76 and can be achieved if it can secure a new good job if not by next QTR resuls.

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

damn....miss the boat!

Posted by Suriyan > 2023-03-02 12:41 | Report Abuse

Mmm I sold mine at 64. Now going up

Posted by nikicheong > 2023-03-02 13:18 | Report Abuse

Everytime there's spikes like this, my thought process always goes to if "good news" is imminent. I would expect that there would be a spike like this in advance of the "good news", since insiders would be buying.

The "good news" here is either one of:
1) Award of Cameia FPSO contract
2) First oil for Armada Sterling V
3) Sale of Armada Claire FPSO

Posted by 3lephAnt > 2023-03-02 13:24 | Report Abuse

Last month when it hit 0.63 momentarily, it ended the day at 0.61 before dropping back to 0.58 and rebounded from 0.54.

Posted by RISK8888 > 2023-03-02 13:41 | Report Abuse

Operator finally let go?

Posted by Bon888 > 2023-03-02 13:57 | Report Abuse

Niki, I have a good feeling on 1) Award of Cameia FPSO contract.
The is a game changer for Armada`s outlook.

Posted by RISK8888 > 2023-03-02 14:28 | Report Abuse

Not mention at all in their QR result. I think none of the 3 is coming.

Posted by OrlandoOilSemiconIoT > 2023-03-02 14:54 | Report Abuse

Armada still so low!!!

Fellow F4BGM.. MI has gone through the roof

Posted by zen_2k > 2023-03-02 15:53 | Report Abuse

so strong rise today zzz

Posted by zonefinder > 2023-03-02 15:57 | Report Abuse

Strong in last 2 days...

Posted by nikicheong > 2023-03-02 15:59 | Report Abuse

Happy to be proven wrong but the price movement seems very "unnatural", I'm gonna double down and say "good news" is imminent (though it make take days/weeks to materialise as insiders can sometimes possess this information far in advance from the public).

Posted by TCH1186 > 2023-03-02 16:21 | Report Abuse

in armada we trust

Posted by zonefinder > 2023-03-02 16:26 | Report Abuse

Does look like something in the pipeline. No need to get all excited as value investors especially for those of us who has been waiting patiently for last 5 years...

Posted by Ninja _07 > 2023-03-02 16:30 | Report Abuse

Something is brewing... But may come down fast also