BUMI ARMADA BERHAD

KLSE (MYR): ARMADA (5210)

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Last Price

0.38

Today's Change

-0.005 (1.30%)

Day's Change

0.375 - 0.38

Trading Volume

2,316,800

Overview

Market Cap

2,249 Million

NOSH

5,918 Million

Avg Volume (4 weeks)

13,484,790

4 Weeks Range

0.365 - 0.46

4 Weeks Price Volatility (%)

15.79%

52 Weeks Range

0.365 - 0.575

52 Weeks Price Volatility (%)

7.14%

Previous Close

0.38

Open

0.38

Bid

0.375 x 3,081,600

Ask

0.38 x 1,573,000

Day's Range

0.375 - 0.38

Trading Volume

2,316,800

Financial Highlight

Latest Quarter | Ann. Date

31-Mar-2022 [#1] | 25-May-2022

Next QR | Est. Ann. Date

30-Jun-2022 | 27-Aug-2022

T4Q P/E | EY

3.77 | 26.55%

T4Q DY | Payout %

0.00% | 0.00%

T4Q NAPS | P/NAPS

0.72 | 0.53

T4Q NP Margin | ROE

26.52% | 14.04%

Market Buzz
Company Profile

Sector: ENERGY

Sector: ENERGY

Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES

Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES

Description:

Bumi Armada Bhd is a Malaysia-based international provider of offshore energy facilities and services. The company?s revenue is derived from business segments including floating production, storage, and offloading, or FPSO, operations; floating gas solutions; and offshore marine services. Under the FPSO unit, vessels are designed to meet the requirements of a customer?s reservoir and operational environment. Alongside this unit, the company engages in the production and imports segments of the liquefied natural gas value chain through its floating gas solutions segment. Furthermore, support and construction vessels are offered to a range of international customers under the offshore marine services segment. The company also provides a slew of support services to customers.

Discussions
39 people like this. Showing 50 of 65,567 comments

strattegist

aiyooooo

2 weeks ago

1pingpong

opportunity opportunity...attackkkk

2 weeks ago

Macgyver11

Aiyoo pochii!

2 weeks 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-...

2 weeks ago

bullmarket1628

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

Heng ah, Ong ah, Huat ah !

2 weeks 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)

2 weeks 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

1 week ago

PKRPACA

This not serba or sapng yes

1 week ago

fusing79

continue sell down

1 week ago

bullmarket1628

Top up more Armada at @0.39

Heng ah, Ong ah, Huat ah !

1 week ago

chankahmun77

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

1 week 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 !

1 week 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

1 week ago

yangkwang99

More correlation to market sentiment than oil price movement!

1 week 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 !

1 week 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.

1 week ago

fusing79

what is RSS target price?

1 week ago

Macgyver11

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

1 week ago

software guy

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

1 week ago

software guy

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

1 week ago

myloh123

Is there a proposal for rights issue coming ?

1 week ago

bullmarket1628

Top up more Armada at @0.375

Heng ah, Ong ah, Huat ah !

1 week 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.

1 week 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 !

1 week ago

Macgyver11

Hari2 turun sahaja tak ada naik...aiyoyooo!

1 week ago

VenFx

Dam luring at 380

1 week 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 week ago

Knm_bottomed

WHO declaring monkeypox a pandemic

1 week ago

bullmarket1628

Top up more Armada at @0.37

Heng ah, Ong ah, Huat ah !

1 week 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 week ago

GoldenShares

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

1 week 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 !

6 days ago

CHLEONG888

Always talk trash

6 days ago

PKRPACA

Woodside sudah impaired in 2019, why down unless angola also stuck la

5 days ago

Macgyver11

Chances to win Angola contract is 50:50. Yinsoon also bidding for the same contract.

4 days ago

lamdba

0.33 possible?

4 days ago

bullmarket1628

0.48 possible?

4 days ago

kentw07

is 0.58

4 days ago

bullmarket1628

I think 0.58 is not impossible & even can hit 0.68 when economy was fully recover once entering the year of 2023 !

Heng ah, Ong ah, Huat ah !

4 days ago

bullmarket1628

Walaoeh, oil price continue it’s uptrend !
Brent closed at=> $115.09 +1.97 +1.74%

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

3 days ago

bullmarket1628

Walaoeh, What happened?
super damn hot man Armada today !
Now Armada already
traded at => 0.385 (+0.01) (+2.7 %) !

Heng ah, Ong ah, Huat ah !

3 days ago

bullmarket1628

Super good news !
Parliament will dissolves by end Sept 2022 and GE15 is on Nov 2022

For those who still haven’t grab any cheap stocks, please faster grab any of it before too late !
If not, later don’t just sit there and see all of us here making tonnes of profits ya !

Heng ah, Ong ah, Huat ah !

3 days ago

Bon888

8 consecutive quarters of profit and positive cash flow. Valuation at 0.385 is unbelievable. I hope Armada drop further so that I able to collect a cheaper price.

3 days ago

bjgdila123

undervalue .... kutip kutip sapu sapu

3 days ago

paktua73

morning..
now we will ride to golden preiod of trading..
july-sept is golden period..

armada,yinson,hibiscus,dialog..
will best bet on oil related stock..

armada will break new high record since 2018..
paktua believe will see rm0.60 on this period..

hibiscus will test back new record high at rm1.80-rm2.00



tut tut
let time revealed paktua prediction..

2 days ago

bullmarket1628

Walaoeh, oil price continue to spike up crazily !
Brent closed at=> $117.98 +2.89 +2.51%

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

2 days ago

lamdba

waiting at 0.33

2 days ago

Bon888

Armada have potential to go beyond 1.00.

2 days ago

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