BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.555
Today's Change
-0.005 (0.89%)
Day's Change
0.555 - 0.565
Trading Volume
10,073,200
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
45 people like this. Showing 50 of 71,841 comments
O&G is a dirty word and most O&G companies PE is in low single digit.
People move away from O&G to be politically right and some even think a day will come when Science can solve the world energy problem without oil.
1 week ago
Yes Sslee. Agree. As I work in O&G I have several counters that do not well. Some on the verge of delisting.
I can assure everyone that the switch to green energy is nothing new. 40 years ago similar stories were told. I expect us to be rewarded for taking the risk.
1 week ago
Yinson has the high debts and negative cash flow problem. Market not interested because risk is very high.
Armada eating existing projects, no new project meaning no catalyst of growth.
This two abang adik got different problems but same share price performance. Overall Armada still better than Yinson in term of share price performance.
Look at Dayang, Uzma, Wasco, Velesto already broken multiple years high.
1 week ago
From Philip Capital:- Bumi Armada (BAB MK) Strong start to the year MALAYSIA | OIL AND GAS | RESULT Core net profit of RM254m (+23% YoY) above expectations Bumi Armada (BAB) recorded a higher 1Q24 revenue of RM634m (+17% YoY), driven by higher FPSO Olombendo contributions following the resolution of the daily operating fee issue with the charterer which led to an upward revision of its O&M rates. All of its FPSOs continue to operate at a high 99–100% uptime. EBITDA margin rose 9ppts YoY to 42% as a result of the stronger operating leverage. Net gearing level continues to be on a downward trend, declining by 13% QoQ to 0.56x on the back of its strong cash flow generation. Overall, 1Q24 core net profit of RM254m (+23% YoY) was above our and consensus expectations on better-than-expected FPSO Olombendo contributions from O&M rates revision. FPSO TGT-1 and Kraken stand good chance for extension FPSO Sterling V achieved first oil in Jan24 and completed its first crude oil offload in Mar24. It is currently awaiting final acceptance from its client, ONGC, with testing scheduled to commence in Jun24. FPSO TGT-1’s firm charter period is set to expire in Nov24. We see a strong likelihood of a contract extension, as the field operator, Pharos Energy, has announced plans to drill 2 additional wells in the TGT field. Moreover, discussions are ongoing for extending the PSC agreement, which is expiring in Nov26. Similarly, for FPSO Kraken, whose firm charter is set to expire in Mar25, we are confident that an extension is already in the bag as BAB has been in discussion with the charterer, EnQuest, to find solutions to reduce the vessel's greenhouse gas emissions and has begun some engineering work on the FPSO. Maintain BUY with RM0.80 target price We make no changes to our earnings forecast and reiterate our BUY rating with the DCFderived target price unchanged at RM0.80, which implies a 7x forward 2025E PE. Key risks to our BUY call include unforeseen operational delays in existing FPSOs, a delay in securing final acceptance for Sterling V, and a sharp decline in the global oil price affecting global capex spending.
1 week ago
Yinson at 1 year's price low and falling, I wonder if BAB is attempting the same feat 🤦♂️
1 week ago
Pharos Energy has confirmed that FPSO extension will be secured before drilling commences for the 2 new wells. Previously they told me that it would be signed by mid May 2024.
It's still coming, and probably very soon. I expect the announcement to come within the next 3 months.
1 week ago
We can expect 2 positives news soon. one from ASV and the other TGT. Hope it comes out by end of the month and see the price above 60 again.
6 days ago
Wow, oil price was spike up like mad !
Brent closed at=>
$81.63 +$2.01 +2.52 %
Like that today Armada will be limit up already to closed at =>
0.86 (+0.30) (+53.6 %) !
Heng ah, Ong ah, Huat ah !
5 days ago
Anybody could please share CGS ratings in pdf ?
Raymond Yap is the best analyst.
It was known as CIMB before.
5 days ago
Recent research report on ONGC that includes commentary on the 98/2 project.
https://images.moneycontrol.com/static-mcnews/2024/06/20240605095301_ONGC_05062024_Motilal-Oswal.pdf
5 days ago
So they expect full start up next reporting period, full oil production by the end of the year.
______________
Gas production from the KG-98/2 asset, which will begin in 3QFY25, is expected to ramp up to 10mmscmd by FY25 end, while oil production could ramp up to 45,000bopd by 4QFY25.
5 days ago
Is someone selling big way? every morning BA price tries to wake up but by 10am it will be sold down. anyone has insight of whats happening.
4 days ago
Like clockwork, by 10am the smallish selldown exercise begins and then tapers off
4 days ago
I noticed too. Put a small order at 0.555 for 30 days. This price seems to be the rock bottom support. To be sold after the news. Unfortunately, will prevent price to go up if many think similar.
4 days ago
some clown has unloading BIG time since late April when it broke the 58 sen. only reprive was when the Q1 resukts was announced... even then selling was still heavy. are we missing out something
4 days ago
I know two project-related personnel (buyer and engineer) who have been re-designated to support roles (asset integrity and compliance). I also see a number of people who are linked to the "green energy" ventures such as FSIU and FCSIU looking for new roles.
As such, one could deduce that Bumi Armada really may not have much, if at all anything, in the pipelines.
The Armada Sterling V FPSO should achieve full acceptance in the coming weeks. They are actively tendering for their SC vessels in the Caspian sea. They are working on tie-back for the Bressey field to the Kraken. They will secure license extensions for TGT and Kraken FPSOs, maybe Sterling II FPSO as well. They are working on progressing the Akia upstream project. Other than this, there's nothing concrete coming out from Bumi Armada. The Bluestreak CO2 venture is going nowhere.
Again, things may change overnight if they win a contract. But nothing for now.
4 days ago
Wow, I put order at 0.555 expecting it to be filled in a month, but I got the shares within two hours. VERY, VERY heavy selling as of now. Price went below my bid and instead of waiting, there is now selling at this price.
This is more than just a market flactuation.
4 days ago
Cannot blame sellers for getting out of this counter. I blame management for NOT securing a single project in years.
_____________________________________________________
some clown has unloading BIG time since late April when it broke the 58 sen. only reprive was when the Q1 resukts was announced... even then selling was still heavy. are we missing out something
4 days ago
spot on Mr Waters...recall Mike Lim an avid Armada supporter , he got out at about these prices and drove into YTL Power early this year at about RM 2.30 ( if my memory serves me right). Armada has done squat since then. Eventually it would move up I suppose
4 days ago
I remember Mike Lim (Kim). He really tried his best to put a positive spin on things, but eventually he could not do it any more. Neither could you. I also got some other shares on the side and there seem to be more upside elsewhere. The final nail in the coffin will be the leaving of Nick Cheong.
Not that the management types care. They seem to like it to take it easy.
The best solution for Armada would be to be absorbed by Yinson.
Good luck to you.
4 days ago
noticed selling heavy in 10am, 3.45-4+pm, sold 0.56. look why it underperform vs perdana, carimin, icon, velesto. regreted investing in this shit
3 days ago
I would say, you sold too early. Stay tune, good things coming ^^ 560 still a good buy
3 days ago
another thing I notice from analyst report. the NPV on discounted cashflow remains the same every quater. how can this be? NPV supposed to be increasing every quater based on discount rate. can anyone comment.
3 days ago
the firm order book is 10B so say opex 40% its 6B cash flow.
extension is also abt 10B and opex say 80% is 2B... so over the next 10 yrs BAs cash generated should be 8B less debt 3B is only balance 5B or 80 sen.. how can the NPV today is 80 sen based on most analyst report. its only 80 sen in 10 yrs.
3 days ago
New Delhi, June 11 (IANS) Public sector upstream giant Oil and Natural Gas Corporation (NS:ONGC) will start gas production from its eastern offshore deep-water field in the Krishna-Godavari block KG-DWN-98/2 soon, Minister for Petroleum and Natural Gas Hardeep Singh Puri said on Tuesday after taking charge as a member of the Modi 3.0 Cabinet.
He also said that oil production will increase to 45,000 barrels per day very soon.
https://in.investing.com/news/stock-market-news/ongc-to-start-gas-production-soon-from-eastern-offshore-krishnagodavari-field-hardeep-puri-4245649
2 days ago
I like the use of word SOON in this official release of the ministry. I also prepared 3 similar phrases for use. They all mean nothing. Good to use when being pressed by a fiancee to get married. They are:
BEFORE YOU KNOW IT
FASTER THAN YOU THINK
IN NO TIME AT ALL
😅
2 days ago
Is there any new information in the following upstream article? Anybody has full access?
https://www.upstreamonline.com/rigs-and-vessels/payment-dispute-lingers-for-largest-fpso-operating-in-india/2-1-1660662
2 days ago
I remember last year I bought Armada around average 0.53 and disposed with good profit after it break 0.60. Today I open, our friend Armada still trading @ 0.55 kah...adoi!!
Perdana lagi sempoi...touched 0.40 ready. Velesto start giving dividend. Apa sdh jadi sama ni Armada 😴😪
1 day ago
Shareholders in Armada are trapped. Kena trap. There is always bad surprise, like broken pump at Kraken, 500 mln impairment on future cash flow or no new project at all, despite being selected as preferred bid for Cameia. Or delays after delays to Armada Sterling V. I think people hope Armada runs out of things to go wrong, and wait for just NOTHING. Meaning no more bad news for a while. That would be our 'break.'
1 day ago
I am out but still will keep track of Armada and buy in only severe dips for the sole reason I think AK may just take it private for his upstream business. O & G stocks in the North Sea are being hammered due to the incoming Labour govt ( way ahead in the polls ). Policies are anti fossil fuels ;;;
Headlines Labour energy policies already impacting North Sea business
Labour's proposed ban on award new North Sea oil and gas licences has already spooked producers. UK Labour Plans £1.2 Billion Windfall Tax on Oil & Gas Giants.
I am sure some are already aware of this. This could probably be Armada's halting share price progress.
1 day ago
This is just info and not to troll Armada's prospects with Kraken. I think this has already been baked in the price. Labour is expected to form the next govt
16 hours ago
Rohank. NPV as you know is a discounting mechanism. It discounts free cashflow from the future to present. Every year’s projected free cashflow is discounted to the present. So from my basic calc say discount rate 14 or 15% ( this can be determined with assumptions) you discount each year to the present. You could take 5 yrs or 10 yrs to discount plus terminal rate. Generally 10 yrs plus terminal rate. Hope this helps. Here in Malaysia one cannot predict 3 yrs in to the future so it becomes quite academic . This works well with large companies with steady cashflow and durable with few surprises.
8 hours ago
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Robert Waters
Good wrap up. Any new contracts worth mentioning for our favorite counter in sight ?
PS
I am an Yinson switcher. Boy it must be even more frustrating for longs there. All going well, yet the price down over a few years. Now, that is a real downer.
My guess is that reality trumps expectations.
1 week ago