BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.51
Today's Change
-0.025 (4.67%)
Day's Change
0.51 - 0.535
Trading Volume
35,639,100
Overview
Market Cap
3,021 Million
NOSH
5,923 Million
Avg Volume (4 weeks)
15,083,300
4 Weeks Range
0.51 - 0.555
4 Weeks Price Volatility (%)
0.00%
52 Weeks Range
0.415 - 0.73
52 Weeks Price Volatility (%)
30.16%
Previous Close
0.535
Open
0.53
Bid
0.51 x 3,932,500
Ask
0.515 x 1,031,900
Day's Range
0.51 - 0.535
Trading Volume
35,639,100
Financial Highlight
Latest Quarter | Ann. Date
30-Sep-2023 [#3] | 16-Nov-2023
Next QR | Est. Ann. Date
31-Dec-2023 | 24-Feb-2024
T4Q P/E | EY
4.26 | 23.45%
T4Q DY | Payout %
0.00% | 0.00%
T4Q NAPS | P/NAPS
1.00 | 0.51
T4Q NP Margin | ROE
32.13% | 11.96%
News and Blogs
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
46 people like this. Showing 50 of 70,799 comments
I think they focus on selling off the Armada Installer / Constructor in Russia and work to pay off the RM1.5bil Sukuk due in September 2024 (instead of refinancing it). There will be sufficient internally generated funds to make the payment since the unsecured term loans have been refinanced to a much later date.
There is also a small but non-zero possibility that Armada TGT is sold off to the field operators. But more likely we will get an announcement of a 2 yr firm + 5 yr optional extension for the FPSO there in the coming months. This extension alone will add around 10 - 15 sen to Bumi Armada's valuation.
1 week ago
Don't forget, we have so many announcements with zero follow through for now. We best see things moving by Q1/Q2 2024, otherwise we can conclude that Bumi Armada is heading to its sunset.
1. Mumbai FSRU (JV with Shapoorji)
2. UK FSCIU (JV with Navigator Gas)
3. Madura FLNG (JV with Pertamina)
4. Akia PSC (JV with Pexco)
5. Akia FPSO + FLNG (JV with Pexco)
6. Unknown Indonesian CCS FEED (unknown)
7. Budi Onshore Gas Plant pre-FEED (unannounced)
1 week ago
Thanks to everyone sharing your thoughts on Armada and especially to Niki for very detailed analysis. I do agree the real threat to Armada is no apparent growth catalysts now except some hope on extensions of contract options. We keep hearing some indications/news of some new project but very little update from management on these. Hearing some distant thunders but yet to see the rains. Yes, we shall wait a little longer to see if the current management team can show their worth . Thanks
6 days ago
Seems like there might be an FSRU award soon. Unknown if this is related to the Mumbai FSRU project or not.
6 days ago
During the ten months to end October 2023, average gross production was 19,108 Boepd (net 13,471 Boepd), which is reflective of high uptime before and after the anomalous failure of hydraulic submersible pump (‘HSP’) transformer units during the first half of the year. Since the efficient return to service of the floating production, storage and offloading vessel (‘FPSO’) restored full production in early August, the Group has overseen a return to top quartile performance, with the FPSO delivering production efficiency and water injection efficiency of 100% for the months of September and October. In addition, delivery and deployment of new HSP transformer units has provided increased resilience to production capacity.
Production in the second half of the year has benefited from the removal of two planned periods of single train operations, with the Group having executed maintenance work while production at the FPSO was shut-in. As a result, no further planned maintenance outages are anticipated during 2023.
Looking ahead, the Group has procured a mobile offshore drilling unit for the proposed drilling of two wells at Kraken during 2025.
https://www.enquest.com/media/press-releases/article/operations-update-17
----------
Positive update from Enquest. Further drilling in 2025 means that the FPSO's charter will be extended into its option period. Note that the Kraken FPSO's firm charter period ends in 2025.
5 days ago
Oil price dropping . Armada considered stabilized . Wonder if it will break support or resistance .
5 days ago
wow, delay again, this round 15Dec is it confirm? Or still got chance to delay further?
4 days ago
Anything can happen. Expect the unexpected. There's also a chance the FPSO might just never produce, the way things are going. Incompetence. These things can only happen in India.
4 days ago
Ilurker too many ppl kena scam by otb and otb macai felix888
One word bodoh
RayLee
How many percent of the accidents will happen?
1 day ago
i3lurker
Deep red
Toilet malfunction at FPSO again?
11 hours ago
3 days ago
On no news at all is tubling like a rock.
Insiders must already know something.
It is never without a reason
2 days ago
There might be an issue with a water injection pump onboard one of the producing FPSOs. Hearing something about it. However, I'm unsure if the impact is material and if that's what's driving the price lower.
By right, if there's any material impact to production arising from equipment failure, Bumi Armada needs to make announcement to Bursa Malaysia.
2 days ago
I give you guys a tip. If you can draw a parallel channel connecting the tops and bottom.
And.. look at the volume today, especially in the intraday chart, for almost 2 hours hovering at 0.515 to 0.52.
What does that mean?
2 days ago
Technicals very UGLY. For traders, most will sell. Investors stay cool and collect more.
2 days ago
Have you tried Bacardi coke with fried chicken??? It's nice. Use Bacardi Carta Blanca and coke!
2 days ago
Well said, Niki. No one expected Karken failure too. Hence the reason it trades at a discount to fair values.
2 days ago
Call warrant c83 is going to expired. Is it possible that IB press down the price for warrant???
2 days ago
I have some very bad news people. Armada Sterling V first oil has been further delayed to 15/01/2024 at the earliest. Possibilities of subsequent delays remain as they're dealing with some teething issues that might take a while to understand and resolve.
1 day ago
Everybody => sell all on monday
Posted by Justaboylearning > 1 minute ago | Report Abuse
For me I will sell all. Evade the sunk cost fallacy
15 hours ago
AS V, is a 30% associate company. BAs investment is AS V is only USD30M or 2.5 sen/share. AS V, debt of USD948M is not reflected in BAs books, and it's a project debt, i.e., no recourse to BA. Accordingly, the contribution of AS V to BA is also minimal. Projected CF to BA is also minimal as AS V will only contribute CF to BA after 7 years. Obviously, it's good to have a successful project but this is not Karken where the impact is BIG.
11 hours ago
Why you so bodoh
It was caused by otb and otb macai
BobAxelrod33
Simple.......DAP did it!!!!
2 days ago
lexwong89
I give you guys a tip. If you can draw a parallel channel connecting the tops and bottom.
And.. look at the volume today, especially in the intraday chart, for almost 2 hours hovering at 0.515 to 0.52.
What does that mean?
2 days ago
TimCoke
means?
2 days ago
BobAxelrod33
.........Means it is DAP's fault......
2 days ago
2 hours ago
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nikicheong
@MM78, it's down to orderbook replenishment. Simple enough!
Management has failed to secure any new contracts since 2015(!) with the exception of the Armada Sterling V FPSO project in India, and even that is only with a minority stake of 30%.
People here have made many excuses, but to me they don't fly. We have had a tight FPSO market for 3 years now and have successfully cleaned up the balance sheet, and yet, we've got nothing to show for it.
As it is, the market is valuing Bumi Armada at a discount simply because there is no major growth catalyst.
Yes, the P/E is low, the P/B is low, the ROE is at double digits...all these will continue remaining so only until 2025, cause after that once Kraken FPSO enters the option period, you will start to see profits decline, P/E increasing, P/B increasing and ROE falling.
1 week ago