Posted by Gabriel Khoo > 2023-05-27 13:18 | Report Abuse

Pls don follow IB TP. They have their favor stock. They will write what they want. Just extract the info from analyst btiefing will do. MIB always revised TP when thing materialized for BAB. Previously all IB also treat BAB like this bcos BAB always disappointing the analysts. But now left MIB i guess bcos their top stock under fpso or o&g is yinson. They have no choice.

Posted by Jerichomy > 2023-05-28 14:11 |

Post removed.Why?

Posted by Gabriel Khoo > 2023-05-28 18:48 | Report Abuse

https://mhb.com.my/mhb-awarded-the-epcic-alliance-for-kasawari-ccs-project-from-petronas-carigali/

Posted by Gabriel Khoo > 2023-05-28 18:49 | Report Abuse

This is the first ccs project from petronas awarded last year base in malaysia

Posted by RISK8888 > 2023-05-28 22:16 | Report Abuse

means? Anything to do with armada?

Posted by freddiehero > 2023-05-28 23:04 | Report Abuse

mau fly ka mana

Posted by Mabel > 2023-05-29 10:08 | Report Abuse

Armada now trading above 20,50,100,200 Moving Average..still got power..

Currently oversold by weak holders..

All the good news are oledi out.Once operator collect enough they will sure push lor..

You can always count on Armada..Buy Low Sell High

Meow

Posted by RISK8888 > 2023-05-29 10:16 | Report Abuse

wanna masuk longkang dy.

Posted by Bon888 > 2023-05-29 12:03 | Report Abuse

Project come the price will 🚀🚀

Posted by zonefinder > 2023-05-29 12:41 | Report Abuse

Don't .mind IB attention not on armada. Opportunity for us to load further. Once there's major win, the price will go ballastic.

Posted by nikicheong > 2023-05-29 12:47 | Report Abuse

Very interesting price dynamics indeed. As a long-term shareholder, all we can do is just sit and wait.

Posted by jasongks > 2023-05-29 15:25 | Report Abuse

Niki, depending on the type of investor you are. There is certainly not much dynamic that is of interest about Armada at this point . Yes the key is you can park your money else where, to get some faster return. Yes I agree its interesting , in fact far too interesting not to be able to comprehend the true mismatch . Afraid, Not an investor type who will wait there like a scare crow. Time to move on for me

Posted by Robert Waters > 2023-05-29 23:51 | Report Abuse

I also believe that BArmada will score their projects eventually. Not blamig IB analysts for having their doubts either, as all they see are disposals of assets, business exits, writedowns. Why should they include possible contract extensions when the company did not secure anything new in 5 years as if they cared little about new business ... ?

The AI analysis from robotic sites like Wall Street system is same opinion. Expecting revenues to go down.

But trends continue until they change ... this one will be broken one way or another.

Posted by zonefinder > 2023-05-30 11:42 | Report Abuse

All the boxes are ticked. I would reckon the wait for long term investors will be over soon. Certainly won't be beyond a 1 year horizon.

Posted by RISK8888 > 2023-05-30 12:34 | Report Abuse

boleh caya?

Posted by serpent100 > 2023-05-30 18:16 | Report Abuse

Armada wat happen kat u

Posted by Russel > 2023-05-31 09:39 | Report Abuse

All other Asian bourse perform okay, only boleh-land market so weak and bearish...

Posted by Colin01 > 2023-05-31 10:06 | Report Abuse

Fear due to state election, thx to those monkeys that try to overturn the current government. Political instability is the weakness of our current market.

Posted by nikicheong > 2023-05-31 13:45 | Report Abuse

"ONGC is expecting first oil from the FPSO in 2nd Quarter of FY2024" - from ONGC recent investor meet on 29 May 2023

This is some bad news. The FPSO start-up is being further delayed. There seems to be issues with the subsea infrastructure.

Note: ONGC financial year end for FY 2024 is March 2024. As such, Q2 FY2024 = July to September 2023.

Posted by Bon888 > 2023-05-31 13:55 | Report Abuse

ah yo yo bollywood drama.

Posted by RISK8888 > 2023-05-31 22:06 | Report Abuse

Ok lor, another 3 month in wait. 3 year mco pun sudah lalu. 3 month peanut only la.

Posted by Robert Waters > 2023-06-01 15:17 | Report Abuse

Let us hope that armada v is going to perform better than kraken. Can wait 3 months extra if they do not get into efficiency / perfomance non-delivery.

Posted by nikicheong > 2023-06-01 17:15 | Report Abuse

June is going to be a momentous month for Bumi Armada.

Posted by Robert Waters > 2023-06-01 17:54 | Report Abuse

It is also going to be interesting for Yinson. I see they propose a dividend. Investors ponder it.
Better than proposing 1.5 mln dollar for the CEO, Gary Ch. (resolution 8) who seems to care about himself mainly (I am alright Jack, they say, and I had a boss named Jack once).
______________________________________________________
Yinson Holdings Berhad Proposes Final Single-Tier Dividend for the Financial Year Ended January 31, 2023
Yinson Holdings Berhad at its AGM to be held on July 13, 2023, proposed the payment of a Final Single-Tier Dividend of 1 sen per ordinary share in respect of the financial year ended 31 January 2023.

Posted by jasongks > 2023-06-01 20:07 | Report Abuse

Arh.... interesting in June ? can you tell us more why interesting ? new story .. !!!

Posted by Robert Waters > 2023-06-02 15:24 | Report Abuse

I owned Yinson for 5 years. Switched to BArmada, as I see more reward potential here. Yinson is already priced to perfection. Dividend is the cherry on the cake. Once armada declares dividend, it will be time to head for the exit, leaving the counter to the widows and orphans,

Posted by shocklim > 2023-06-02 18:22 | Report Abuse

https://www.klsescreener.com/v2/news/view/1160757

Posted by shocklim > 2023-06-02 18:26 | Report Abuse

Armada Kraken shut-in
Material impact on bareboat charter revenue

Posted by value_seeker > 2023-06-02 19:09 | Report Abuse

How much impact?

Posted by Gabriel Khoo > 2023-06-02 19:26 | Report Abuse

10% of topline. But issue can be resolved. Relax

Posted by winmal > 2023-06-02 20:26 | Report Abuse

key maintenance which scheduled to execution during 3 quarter. being executed during shut in period which eventually compensate loss revenue from this shut In period. secondly Jun is final month of 2 quarter which impact from earnings should be minimal.

Posted by RISK8888 > 2023-06-02 22:53 | Report Abuse

Omg, limit down coming.

Posted by RISK8888 > 2023-06-02 23:10 | Report Abuse

Malaysia ini macam la, good news no up. Bad news limit down.

Posted by RISK8888 > 2023-06-03 07:37 | Report Abuse

Look like the issue not small. It seems not a temporary issue and will affect long term revenue.

Posted by Bon888 > 2023-06-03 08:14 |

Post removed.Why?

Posted by RISK8888 > 2023-06-03 09:39 | Report Abuse

Unbelievable

Posted by Robert Waters > 2023-06-03 12:29 | Report Abuse

Even though pump is submersible, the transformer will be likely located on the deck of FPSO. So replacing it is not a big deal. Transformer though critical is not very expensive. They should have redundant one.
Much more difficult to remove pump which would be under the sea in the wellbore at certain not too large depth.
So we are lucky. All doable. Minimum hard work. A lot of paperwork to fix. And I was also thinking about future maintenance which can be carried out. Winmal is right, it can be done, but usually pre scheduling is required, so not much may be arranged ad hoc.

Posted by RISK8888 > 2023-06-03 12:42 | Report Abuse

Who is winmal?

Posted by nikicheong > 2023-06-03 14:19 | Report Abuse

Guys, I doubt this is a minor issue. Their FPSOs have unplanned shut downs rather frequently but we've never seen them make a Bursa announcement before.

If it was a minor issue why spook the market by making an official announcement?

Looks rather bad. I of course hope it can be resolved.

Might need to cut losses and move on.

Posted by Bon888 > 2023-06-03 14:24 | Report Abuse

Oil field owner Enquest Inc. didn't make any announcement but the Armada kepoh made this announcement in Bursa and yet couldn't provide impact detail. Anyway I will buy if market willing to give discount for this short term problem.

Posted by RISK8888 > 2023-06-03 15:08 | Report Abuse

So how?

Posted by Bon888 > 2023-06-03 15:09 | Report Abuse

Get ready money buy

Posted by Gabriel Khoo > 2023-06-03 16:09 | Report Abuse

Nic. Planned or unplanned shutdown if due to periodic operation issue on wear and tear may not need to announce. Material announcement may or may not necessary due to huge losses. Sometime they are unable to quantify the lossess or timelime to resolve the matter be ir 1 week or 1 month then they have to accouncement 1st fort the interest of investors. So dont be tend to over positive or extremely negative towards the announcement. Risk to be taken for investment. To me this is one off and not recurring. If drag for 1 month revenue might drop 1 to 2 % of annual revenue.

Posted by Gabriel Khoo > 2023-06-03 16:10 | Report Abuse

This is bursa requiremenr for listed company. Good to understand from listing requirement rather than guessing

Posted by Bon888 > 2023-06-03 16:37 | Report Abuse

The client has yet to make any announcement but the operator already published information. The management made a wrong move.

Posted by nikicheong > 2023-06-03 17:24 | Report Abuse

Unless, management has an incentive to momentarily suppress share price, of course, and as such announce this.

But try not to second guess too much, in their entire lifetime, Bumi Armada never made any announcement of a shut in even though it has happened numerous times in the past at Kraken, TGT, Olombendo and other fields.

Assuming no ulterior motive, this is bad. Can't sugar coat it

Posted by Bon888 > 2023-06-03 17:34 | Report Abuse

Yes agreed.

Posted by Gabriel Khoo > 2023-06-03 18:09 | Report Abuse

Previous management team vs current management team

Posted by Gabriel Khoo > 2023-06-03 18:40 | Report Abuse

There are 15 units of Subsea – Hydraulic Submersible Pumps (HSPs) installed in fpso for wells.

Posted by Gabriel Khoo > 2023-06-03 19:14 | Report Abuse

If cant restart then go by phased like the mentioned in the announcement. split the operation rather than waiting for one