BUMI ARMADA -----Fly me to the moon with target price RM5.00

Posted by Najib Zamry > 2014-01-09 12:18 | Report Abuse

With the Brent Crude oil prices still hovering around US$107 and the prospect of oil and gas sector remains favourable for the next few years. Hence,BUMI ARMADA will be one of the good fundamental stocks that not to be missed. No wonder why, today, two investment banks have concurrently upgraded BUMI ARMADA to strong buy :- (1) Maybank upgrades BUMI ARMADA from RM4.40 to RM5.00 (2) HL Investment upgrades BUMI ARMADA from RM4.40 to RM4.80 http://klse.i3investor.com/servlets/staticfile/232552.jsp http://klse.i3investor.com/servlets/staticfile/232557.jsp Major Catalyst:- (1) Follow EPF and you will not go wrong. EPF has been net buyer for BUMI ARMADA for the past few months. http://klse.i3investor.com/servlets/stk/annchsh/5210.jsp (2) BUMI ARMADA has been relatively underperformed. Pls refer to the chart. (3) Maybank Investment a strong promoter plus Chinese news paper factors. Believe a good coverage of oil and gas sectors will appear in Chinese newspaper that will attract readers' attention. (4) More project news will flow, with Indonesia's MADURA projects in the pipeline. (5) Good quarterly results expected to be announced next month.

1 person likes this.

3 comment(s). Last comment by Najib Zamry 2014-01-09 14:32

fandi

280 posts

Posted by fandi > 2014-01-09 12:29 | Report Abuse

Bro Najib, thanks for the analysis.

Ha ha you have added speculative flavours in your analysis now.

tuniamasingh

225 posts

Posted by tuniamasingh > 2014-01-09 12:41 | Report Abuse

Interesting analysis. Good to see Najib more active now in sharing.

Najib Zamry

895 posts

Posted by Najib Zamry > 2014-01-09 14:32 | Report Abuse

It is always good to add some speculations into fundamental stocks otherwise the market will be very boring...ha ha .

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