BUMI ARMADA BERHAD

KLSE (MYR): ARMADA (5210)

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Last Price

0.37

Today's Change

-0.01 (2.63%)

Day's Change

0.37 - 0.385

Trading Volume

15,879,000

Price Target

A price target is an analyst's projection of a share's future price. 

Average Target Price, Price Call and Upside/Downside here are derived from Price Targets in the past 6 months.

Last Price

0.37

Avg Target Price

0.67

Upside/Downside

+0.30 (81.08%)

Price Call

0

SELL

1

HOLD

30

BUY

Date Open Price Target Price Upside/Downside Price Call Firm View Action
Discussions
39 people like this. Showing 50 of 65,553 comments

nikicheong

Bumi Armada stock price will never fail to confound me. Oil is trading at near record high levels, with supply set to be constrained for years/decades to come. More and more marginal fields are due to be developed using FPSOs going forward. The opportunities in the FPSO market are aplenty, and Bumi Armada is finally in the right place, financially-speaking, to take advantage of these opportunities. On top of that, there is a booming FLNG/FSRU and other green floating platforms market out there that Bumi Armada is also hoping to tap into. The company has cut its fat (read, the OSV vessels), reduced debt significant and can now re-gear when the need arises. Operationally, all its floating assets are sound. The performance at Kraken over the last 24 months has been admirable, given the dire situation in the 2017-2020 period. Additionally, Kraken and TGT1 are highly likely to see their contracts extended in 3 and 2 years time respectively.

I can't and won't make share price predictions, but Bumi Armada is severely undervalued at current levels. Why? I have no idea.

2 weeks ago

winmal

Nikicheong, well said, made full insight on what Armada business outlokk and looking forward more promising. indeed, share will reflect fundamental value for time to come.

2 weeks ago

alenac

Why price not moving? Simple answer: No paper chase. Only big bosses & funds start to chase then ........
Value investing is dead? Certain people said so.
nikicheong

Bumi Armada stock price will never fail to confound me. Oil is trading at near record high levels, with supply set to be constrained for years/decades to come. More and more marginal fields are due to be developed using FPSOs going forward. The opportunities in the FPSO market are aplenty, and Bumi Armada is finally in the right place, financially-speaking, to take advantage of these opportunities. On top of that, there is a booming FLNG/FSRU and other green floating platforms market out there that Bumi Armada is also hoping to tap into. The company has cut its fat (read, the OSV vessels), reduced debt significant and can now re-gear when the need arises. Operationally, all its floating assets are sound. The performance at Kraken over the last 24 months has been admirable, given the dire situation in the 2017-2020 period. Additionally, Kraken and TGT1 are highly likely to see their contracts extended in 3 and 2 years time respectively.

I can't and won't make share price predictions, but Bumi Armada is severely undervalued at current levels. Why? I have no idea.

1 hour ago

0 seconds ago

2 weeks ago

TimCoke

good price

2 weeks ago

1pingpong

ha.. entry points 0.425. all come all come

2 weeks ago

bullmarket1628

南详商报。财经新闻
传Icon岸外拟购沙布拉能源资产
2022年06月11日

https://www.enanyang.my/财经新闻/传icon岸外拟购沙布拉能源资产

(吉隆坡11日讯)Icon岸外(ICON,5255,主板能源股)将成为新一个沙布拉能源(SAPNRG,5218,主板能源股)的拯救者?
根据财经周刊《The Edge》报道,Icon岸外有意接手,沙布拉能源在联营的沙布拉贝克休斯(Sapura Baker Hughes TPS)手持的51%股权。

Icon岸外和沙布拉能源并未否认此收购计划。

已经陷入PN17、急需重组的沙布拉能源,在回应《The Edge》时直言:“作为重组计划,我们在重审所有资产和业务,包括沙布拉贝克休斯。”
Icon岸外则回应指,该集团一直不断找寻强化自身能力,和为所提供服务增值的机会。

“现在的财务状况,让我们有着强劲地位去追求一些有价值的并购活动。”
沙布拉贝克休斯是沙布拉能源与美国油气巨头贝克休斯,以51:49方式联营的油气服务公司,并负责为国家石油的浮动液化天然气设施提供维修服务。
报道特别称,这家联营公司是沙布拉能源“较成功的一个单位”;截至2021年1月财年,这家公司拥有超过2亿令吉资产,以及约1.58亿令吉负债,并获得3785万令吉税后净利。

1 week ago

bjgdila123

armada Undervalue... undervalue...

1 week ago

r12047

now says..undervalue..unvalue ....later call to sell..sell...very sick people are here

1 week ago

Macgyver11

Back to square one....

1 week ago

Macgyver11

Oil up Armada up 0.01c sje. Oil drop Armada drop 0.04c...mcm mana ni

1 week ago

Superb99

really a lousy counter, all these highly geared companies are seriously impacted by interest rate hike

1 week ago

nikicheong

Added at RM0.41

1 week ago

CHLEONG888

Nowadays, it is better to adopt touch and go strategy in klse

1 week ago

yangkwang99

Get out while u can!
Tsunami soon!

1 week ago

strattegist

aiyooooo

1 week ago

1pingpong

opportunity opportunity...attackkkk

1 week ago

Macgyver11

Aiyoo pochii!

1 week ago

nikicheong

At least four specialists in the floating production, storage and offloading vessel industry are hoping to qualify for the bidders’ list for Harbour Energy’s Tuna FPSO opportunity in Indonesia’s Natuna Sea.

A turret-moored FPSO is part of the basecase development concept for the project, along with an offshore wellhead platform hosting the production wells.

There are at least four FPSO contractors which are in the running to be selected for Harbour’s bidders’ list for the FPSO including Bumi Armada, BW Offshore, HBA Offshore and Yinson Holdings, and possibly others, according to market sources.

Bumi Armada and BW Offshore both have experience in Indonesia as they have provided FPSOs there in the past.

It is understood that pre-qualification documents have been submitted to Harbour, and the UK-based operator will assess those documents prior to deciding which companies will bid for the lucrative FPSO contract.

Leased FPSOs contracts are typically multi-year charter agreements with the possible addition of an operations and maintenance arrangement.

Market sources said the potential Tuna bidders are offering either existing FPSOs that would be upgraded or conversion solutions whereby a tanker is converted into an FPSO.

The turret mooring system, which holds the FPSO in position and acts as a conduit for the oil and gas production, will be provided by a specialist contractor.

Companies with a track record in Asia including Bluewater, London Marine Consultants and Sofec are understood to be in contention for the Tuna turret mooring contract, said sources.

The Tuna block hosts at least two discoveries — Kuda Laut and Singa Laut — in water depths of up to 120 metres.

The block contains more than 100 million barrels of oil equivalent on a gross basis of which 55% is gas and 45% is liquids.

Harbour recently said it aims to submit an initial field development plan to the Indonesia authorities later this year.

Front-end engineering and design will then get under way, at which point the FPSO contracting, and other contracting processes, are likely to pick up pace.

Harbour said in its March 2022 results that the final investment decision is targeted in 2023.

Harbour also said first production from Tuna would be possible three years after the final investment decision at an initial rate of between 40,000 and 50,000 barrels of oil equivalent per day.

The Tuna production sharing contract is located in the Natuna Sea off northern Indonesia close to Vietnam’s maritime boundary. The plan for the produced gas is to supply Vietnam via a subsea pipeline.

Harbour’s early technical and commercial work has showed that capital expenditure and operating expenditure based on a leased FPSO would be between $20 and $22 per boe. The project will have a breakeven cost of $25 per boe.

Pre-FEED work has been completed by Indonesia’s Synergy Engineering.

Harbour’s 50:50 joint venture partner in the Tuna PSC is Russia’s Zarubezhneft and, in March, Harbour said it was looking at its options regarding Zarubezhneft’s participation depending on how the Russian invasion of Ukraine developed.

Harbour also said at the time the Russian company was paying its bills and the pair were working together on the plan of development.

There has been no substantial change in the situation since then, according to well-placed market sources, with Zarubezhneft still a 50% supportive partner in the project.

Following the drilling of two appraisal wells on the Tuna project in late 2021, Sergey Kudryashov, general director of the Zarubezhneft Group, said Zarubezhneft had been the first Russian oil company to receive support from the Indonesian government in offshore development.

https://www.upstreamonline.com/exclusive/fpso-contractors-angling-for-...

1 week ago

bullmarket1628

Sailang now all my belongings till under wear to buy in Armada at @0.415

Heng ah, Ong ah, Huat ah !

1 week ago

Macgyver11

LOOKING at the top 100 Bursa Malaysia-listed companies by market capitalisation, excluding banks, there were more companies that saw a decline in their net cash position or an increase in debt over the past year, compared with those that saw an improvement.

According to Bloomberg data, 52 companies saw a decline in their cash position between the end of the first quarter of 2021 and the end of the first quarter of 2022 — a comparison between conditions at the peak of the pandemic last year and as the country transitions to endemicity.

Tenaga Nasional Bhd saw the biggest deterioration in its cash position among the 52 decliners, with a RM17.5 billion increase in its net debt level to RM79.59 billion from RM62.08 billion.

Notably, property developers were also among the top decliners, led by IOI Properties Group Bhd, which recorded a RM4.88 billion increase in net debt, followed by Kuala Lumpur Kepong Bhd (RM4.34 billion increase in net debt) and Batu Kawan Bhd (RM4.2 billion increase in net debt).

Three of the big four rubber glove makers saw dips in their cash position.

Top Glove Corp Bhd saw its net cash position drop 78% from RM4.04 billion at the end of its first quarter of 2021 to RM879.7 million a year later, while Supermax Corp Bhd’s net cash level fell 25% to RM2.76 billion from RM3.68 billion. Hartalega Holdings Bhd’s net cash position saw a more moderate decline than that of its peers, down 8% to RM2.13 billion from RM2.32 billion.

Kossan Rubber Industries Bhd was the sole glove manufacturer among the big four to report a higher net cash position at RM2.33 billion, from RM753 million a year earlier.

Other notable companies among the top decliners include Axiata Group Bhd (net debt position increased RM2.64 billion), Genting Bhd (net debt position up RM2.57 billion), Malayan Cement Bhd (net debt position increased RM2.52 billion) and Capital A Bhd (net debt position up RM2.41 billion).

At the other end of the spectrum, Petronas Chemicals Group Bhd saw the largest improvement in its net cash position by value, rising RM2.4 billion year on year (y-o-y) to RM12.52 billion.

Other oil and gas players saw better debt positions. Bumi Armada Bhd reported a RM1.41 billion decline in net debt, UMW Holdings Bhd saw a RM404.5 million increase in its net cash position to RM988.2 million and Dagang NeXchange Bhd posted a RM398.9 million increase to its net cash level to RM422.8 million.

Semiconductor group Inari Amertron also reported a higher net cash of RM2.33 billion from RM753.6 million. Technology peer Greatech Technology Bhd saw its net cash grow 74% y-o-y, while D&O Green Technologies went into a net cash position of RM19.5 million, from net debt a year earlier.

Planters generally saw improvements in their debt levels, including Genting Plantations Bhd (net debt down RM955 million), Sime Darby Plantation Bhd (net debt lower at RM763 million) and Sarawak Oil Palms Bhd (now in a net cash position of RM382.2 million from a net debt of RM178.2 million).

Several telecommunications companies also saw improvements in their net debt levels over the past year, including Telekom Malaysia (net debt level down RM556.9 million) and Digi.Com Bhd (net debt level declined to RM307.6 million)

1 week ago

Macgyver11

What happen to their woodside Appeal court case against the supreme court decision?
Can anyone update....

1 week ago

Macgyver11

Mampusss! Ni mcm

5 days ago

PKRPACA

This not serba or sapng yes

5 days ago

fusing79

continue sell down

5 days ago

bullmarket1628

Top up more Armada at @0.39

Heng ah, Ong ah, Huat ah !

5 days ago

chankahmun77

Ha Ha bullmarket 1628, I thought you already Sailang? Hope you are not selling your underwear to go all in. :)

5 days ago

bullmarket1628

Walaoeh, oil price continue to spike up Like mad !
Brent closed at=> $114.13 +1.01 +0.89%

Like that today Armada going to limit up already liao lah !

4 days ago

Mabel

More catalyst cumming...

President Biden said on Monday that he was considering seeking a gas tax holiday to ease high fuel prices, a major political dilemma for the White House as it struggles to address record inflation.

Meow Meow Meow

4 days ago

yangkwang99

More correlation to market sentiment than oil price movement!

4 days ago

bullmarket1628

Walaoeh,oil price continue it’s uptrend !
Brent closed at=> $114.65 +0.52 +0.46%

Like that today Armada going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

3 days ago

software guy

coming quarter result may not good as we thought although oil price remain 110 above. Armada price should be around 0.35 based on RSS target price.

3 days ago

fusing79

what is RSS target price?

3 days ago

Macgyver11

Aiyo! So many good comments from IB also can drop to 0.38c

3 days ago

software guy

Cant trust IB, when IB want to sell, they will promote buy

2 days ago

software guy

Probably RSS got insider news that oil price will drop below 100 next months

2 days ago

myloh123

Is there a proposal for rights issue coming ?

2 days ago

bullmarket1628

Top up more Armada at @0.375

Heng ah, Ong ah, Huat ah !

2 days ago

nikicheong

Armada Angola job win announcement is due soon. Share price weakness is unprecedented. I topped up at 0.41, no bullets left now.

2 days ago

bullmarket1628

Now i borrow monies from family to top up, if later continue drop again, i will borrow monies from friends to top up...

Heng ah, Ong ah, Huat ah !

2 days ago

Macgyver11

Hari2 turun sahaja tak ada naik...aiyoyooo!

2 days ago

VenFx

Dam luring at 380

2 days ago

Macgyver11

Who will get this Angola project?
Bumi Armada or Yinson?
Hopefully Bumi....



nikicheong

Armada Angola job win announcement is due soon. Share price weakness is unprecedented. I topped up at 0.41, no bullets left now.

1 day ago

Knm_bottomed

WHO declaring monkeypox a pandemic

1 day ago

bullmarket1628

Top up more Armada at @0.37

Heng ah, Ong ah, Huat ah !

1 day ago

MM78

Top up Armada @RM 0.37, there is no logical reason a company producing so much positive operating cash flow each quarter but its share price is at such attractive valuations . Armada is the flagship in my portfolio.

1 day ago

GoldenShares

Bumi Armada loses appeal in US$283.5 mil case against Woodside over FSPO deal termination

1 day ago

bullmarket1628

Walaoeh, oil price spike up Like mad!
Brent closed at=> $113.12 +3.07 +2.79%

Like that next Monday Armada going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !

14 hours ago

CHLEONG888

Always talk trash

11 hours ago

Bon888

Woodside old story, already written off. Just move on and look at future.

8 hours ago

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