BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.485
Today's Change
-0.005 (1.02%)
Day's Change
0.48 - 0.495
Trading Volume
14,725,000
Financial
Market Cap
2,875 Million
NOSH
5,928 Million
Latest Quarter
30-Jun-2024 [#2]
Announcement Date
22-Aug-2024
Next Quarter
30-Sep-2024
Est. Ann. Date
16-Nov-2024
Est. Ann. Due Date
29-Nov-2024
QoQ | YoY
10.57% | 123.93%
Revenue | NP to SH
2,362,175.000 | 518,780.000
RPS | P/RPS
39.85 Cent | 1.22
EPS | P/E | EY
8.75 Cent | 5.54 | 18.04%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
1.05 | 0.46
QoQ | YoY
39.61% | -23.73%
NP Margin | ROE
22.08% | 8.34%
F.Y. | Ann. Date
30-Jun-2024 | 22-Aug-2024
Latest Audited Result
31-Dec-2023
Announcement Date
30-Apr-2024
Next Audited Result
31-Dec-2024
Est. Ann. Date
30-Apr-2025
Est. Ann. Due Date
29-Jun-2025
Revenue | NP to SH
2,133,089.000 | 332,059.000
RPS | P/RPS
35.98 Cent | 1.35
EPS | P/E | EY
5.60 Cent | 8.66 | 11.55%
DPS | DY | Payout %
0.00 Cent | 0.00% | 0.00%
NAPS | P/NAPS
0.94 | 0.52
YoY
-54.66%
NP Margin | ROE
13.74% | 5.97%
F.Y. | Ann. Date
31-Dec-2023 | 28-Feb-2024
Revenue | NP to SH
2,428,794.000 | 1,013,004.000
RPS | P/RPS
40.97 Cent | 1.18
EPS | P/E | EY
17.09 Cent | 2.84 | 35.23%
DPS | DY | Payout %
-
NAPS | P/NAPS
-
QoQ | YoY
5.28% | 58.39%
NP Margin | ROE
43.77% | 16.29%
F.Y. | Ann. Date
30-Jun-2024 | 22-Aug-2024
Hints :
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Click the QoQ or YoY on table to view the QoQ or YoY Financial Result page.
Date
Financial Result
Financial Ratio
Per Share Item
Performance
Valuation (End of Quarter)
Valuation (Ann. Date)
| Date | Financial Result | Financial Ratio | Per Share Item | Performance | Valuation (End of Quarter) | Valuation (Ann. Date) | |||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| F.Y. | Ann. Date | Quarter | # | Revenue | PBT | NP | NP to SH | Div | Net Worth | Div Payout % | NP Margin | ROE | NOSH | RPS | Adj. RPS | EPS | Adj. EPS | DPS | Adj. DPS | NAPS | Adj. NAPS | QoQ | YoY | EOQ Date | EOQ Price | EOQ P/RPS | EOQ P/EPS | EOQ P/NAPS | EOQ EY | EOQ DY | ANN Date | ANN Price | ANN P/RPS | ANN P/EPS | ANN P/NAPS | ANN EY | ANN DY |
PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.
NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.
Div Payout %, NP Margin, ROE, DY, QoQ ⃤ & YoY ⃤ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.
All figures in '000 unless specified.
Discussions
45 people like this. Showing 50 of 72,206 comments
Big shareholder also didn't worry so much hahaha. Go start a business create your own future, don't hope on other that is not the right decision. When your company get listed please share here, if interested I will buy some share to support you. All the best in future.💪
4 weeks ago
US oil giant expects no decline in oil consumption towards 2050
https://energywatch.com/EnergyNews/Oil___Gas/article17387104.ece
3 weeks ago
Cannot blame the overly negative comments due to lack of new project wins. Being an ongoing concern with rapidly improving financials, I don't believe the Management can be so incompetent as to be happy with current state of affairs ie zero wins. Not like there are no more use for the black stuff. Stay positive as good news will surely come..hopefully soon.
3 weeks ago
According to my sources, the two well drilling program has commenced at the TGT field. We should get a notification from Pharos Energy on the completion in the coming month or two.
This all but confirms that the FPSO will have to be chartered until Dec 2026 at the very least, but very likely beyond that, up to Dec 2031.
Expect around 2 sen per share contribution for each year of extension. So in the low case, there should be a boost of 4 sen, up to 14 sen for the company's valuation.
I believe this is not priced in sufficiently. This is the most certain, near-term win, that we can expect.
The official extension announcement from Bumi Armada may only come towards the end of the year, so there may be an opportunity to act on information arbitrage here.
3 weeks ago
MISC needs to close the M&A with Armada fast or else asking price will be higher in the further !
3 weeks ago
Droping like a rock on high volume. That clearly is an indication that no deal is about to be finalized.
3 weeks ago
Rumours circulating that AKs health is not good. Not sure if true, but I thought it's good if guys took note of this. it can go either way.
3 weeks ago
#niki, since this morning a few friends have been sharing this "rumour". anyway, hope UT has a hold on it and manages BA well. I have no interest in BA, but will keep monitoring if opportunities arise in any AK Group of Companies.. Hope UT sells BA earlier.
3 weeks ago
Ananda's demise might cause some panic selling, but does not alter the fundamentals of the company. By and large, the professionals and executives run the show at his businesses, including at Bumi Armada. If anything, it will be a solid opportunity if this heads to the lower 40 sen region to buy in the face of solid fundamentals.
3 weeks ago
Still languishing in the 0.50 range,with spurts to 0.53 but not being able to maintain .0.60 was there for a day or so.Overall a though stock to keep ahead.Keeps coming back despite good credentials.
2 weeks ago
OPEC+ has started discussing a possible delay to their planned easing of the production cuts after oil prices crashed in the past days to the lowest level in 9 months, sources in the alliance told Reuters on Wednesday.
2 weeks ago
MISC willing to increase stake for FPSO
Which analyst of the view that MISC will not increase explosure in FPSO?
Good indication ahead
2 weeks ago
I think tomorrow onwards the stock market will be slashed badly due to several reasons. 1st. rate cut and investors eyes on recession 2nd. oil price, which has been declining the past few days.
Any comment on that?
1 week ago
0.38 consider ok.. hopefully not back to 0.25 again..mati lor, rambut hitam saya sdh beruban tunggu ni Armada naik..😂🤣
1 week ago
Impossible back to 0.25 because that time covid-19 + brent oil price 33.
Currently, brent oil 71 same price as during 31,may,2021, armxdx price is 0.430 then the next day is 0.455 if get average will be 0.442 + on that time their averages qtr only have 120m+ and above.
Compare to current situation, same oil price but their average profit is 150m+ and above, + middle east war.
Current oil price drop because of (economic data from China and the U.S. revealed weaknesses in their manufacturing sectors, raising fears of declining demand. Additionally, potential increases in oil supply from Libya, due to political factions nearing an agreement, added downward pressure) take from Trading Economics website.
The most important thing is the next Fed interest rate decision, if interest rate is drop then will be good for economic. When all the money back to the market, everyone start working then oil demand going to increase, but have to depend on OPEC if they keep increasing production then oil price will maintain on same price if not mistaken.
Above comment that is not a suggestion for call buy or sell, if want to buy or sell please contact your own financial advisor.
1 week ago
I have averaged up at RM0.47. Long-term, I don't see much of a future given the lack of orderbook replenishment. But in the short to medium term, this looks attractive at current price levels. The risk-return pendulum is now in favour of getting superior returns at lower risk levels.
Thesis:
1. Commencement of full charter of Armada Sterling V - will trickle to bottomline from Q3 2024 onwards, roughly net profits of RM25mil to RM32mil.
2. Imminent charter contract extension for Armada TGT. It will either be a 2+5, or 1+1+1+... (individual annual extension for 7 years), or direct 7+0 extension. At the bare minimum, 2 years is all but confirmed, with a full 7 year extension highly likely eventually.
3. Subsea tieback to the Bressay field is imminent. Next year, there will be a return to drilling at the Kraken field. Taken together, this means the Kraken production will continue far into the 2030s and even beyond. Firm contract period ends in Q1 2025, the first year extension has been agreed. I anticipate continuous annual extensions, or maybe even a renegotiated long-term fixed contract.
4. Extension of the Armada Sterling II charter. The firm charter ended in Q1 2024 and it has entered the first annual extension period. I anticipate continuous annual extensions, or maybe even a renegotiated long-term fixed contract.
5. Debt overhang is all but removed. Bumi Armada has substantial capacity to repay the refinanced debt over the next 6 years from its cashflows from operations.
The above is not even taking into account potential new job win for the subsea vessels in the Caspian Sea (or even their potential divestment), nor does it factor in any new floating job win for Bumi Armada. There are a number of projects that might get awarded in the coming months/years that may add to the upside potential.
i. Shell CCS offshore Sarawak
ii. Sullom Voe FSRU in the North Sea
iii. Uniper FSIU/FCSIU in the UK (Bluestreak CO2)
iv. Madura FLNG
v. Akia PSC (upstream)
vi. Akia PSC (FPSO + FLNG)
vii. Additional PSC (upstream) in Indonesia
viii. Mid-size FPSO win - e.g. Salam-Patawali (Malaysia), Nam Du / U Minh (Vietnam)
1 week ago
I have been buying since 2020, always averaging up. My anchor purchase was way back in 2020 and been adding usually once or twice a year ever since. Average price is now RM0.3125 sen.
RM0.225 (2020) > RM0.310 (2021) > RM0.335 (2021) > RM0.39 (2022) RM0.45 (Kraken shutdown in 2023) > RM0.42 (Kraken restart before official announcement) > RM0.47 (now)
1 week ago
Kraken Field Summary
Average net production of 13,637 Boepd (2023: 13,082 Boepd) in the first half of 2024 was driven by 98.5% production uptime and 97% water injection efficiency. This exemplary performance is testament to the focus and collaboration between the EnQuest and Bumi Armada operational teams, and the parties are undertaking further process work to extend this excellent performance.
The Group is focused on enhancing the next phase of Kraken operations and is working with its joint venture partner to finalise infill drilling plans for 2025. Work is ongoing to mature the Enhanced Oil Recovery (‘EOR’) project, which presents a material upside to the existing Kraken base reservoir performance. The EnQuest team is advancing the Bressay gas import project as a subsea tieback to Kraken, which will displace the majority of the diesel currently used to power Kraken operations; driving a material reduction in FPSO emissions and materially reducing operating costs. In the second half of 2024, trials will also commence to assess the potential for hydrogenated vegetable oil to be used as a diesel alternative for the equipment that cannot be run on gas. The Kraken maintenance shutdown is ongoing and is expected to be completed within ten days (six days full shutdown and four days on single train operations). The key scope to be completed is the five-yearly swivel inspection.
Source: Enquest 2024 Half-year Results
https://www.enquest.com/fileadmin/content/press_release_pdfs/2024/EnQuest_HY_Results_RNS_vF.pdf
1 week ago
Armada has wiped off the accumulated losses. Is able to pay dividend from this year onward
1 week ago
Thanks Niki, for your excellent write up on Armada.
It reveals some hidden potential for BA. Armada price is getting attractive once again.Tempted to add back part of what I sold earlier in stages if it falls a little further.
1 week ago
FPSO contractors lining up for replacement of sizeable Malaysian floater
FPSO companies potentially lining up include Malaysia's MISC and Bumi Armada, India's Shapoorji Pallonji Energy and Singapore-based HBA Future Energy
https://www.upstreamonline.com/exclusive/fpso-contractors-lining-up-for-replacement-of-sizeable-malaysian-floater/2-1-1706125
1 week ago
I noticed that you guys talking about armada and shapoorji since 2023?
Nothing support the price.. gosh! 🙄🤔.
1 week ago
PTTEP has launched a tender for a replacement floating production storage and offloading (FPSO) vessel for the Kikeh oil and gas field offshore Malaysia, aiming for operations by 2028. The current FPSO, deployed in 2007, supports the Kikeh, Siakap North, and Petai fields, tied to a Spar dry tree unit in waters 1,320 meters deep. FPSO players, including MISC, Bumi Armada, and Shapoorji Pallonji Energy, and HBA have shown interest, with technical offers expected by November 2024. The new FPSO will have a production capacity of 40,000-46,000 barrels per day (bpd) of oil and 90 million cubic feet per day (MMcfd) of gas, smaller than the current unit's 120,000 bpd and 150 MMcfd capacity. However, the transition is challenging as the new FPSO must connect to the existing Spar platform, requiring complex integration. Market skepticism also persists due to PTTEP's push for cost-effectiveness, which may limit contractor enthusiasm. XX Despite plans for a new vessel, there's speculation about extending the existing FPSO's life. MISC, which will take full control of the current FPSO in 2025, performed recent maintenance that could extend its service life by 10-20 years. If PTTEP considers prolonging the current unit's lease, it could affect the bid process for the replacement.
6 days ago
Armada is going to be a stable Company with revenues from the Oil field in kalimantan. Armada akia
20 hours ago
They can slowly explore Carbon capture etc, develop techs and services. The Potential is there. But strong stable n continuous revenue is needed. Which i think E&P is going to be good choice.
19 hours ago
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