BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
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Last Price
0.59
Today's Change
0.00 (0.00%)
Day's Change
0.585 - 0.595
Trading Volume
7,276,900
Profile
BUMI ARMADA BERHAD
Exchange: Bursa Malaysia Bursa Malaysia
Country Code: MY MY
Currency: MYR MYR
Sector: ENERGY ENERGY
Subsector: ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Index Group: ENERGY ENERGY
Category: ORDINARY SHARE ORDINARY SHARE
Syariah Flag: No No
Short Sell Flag: Yes Yes
IDSS Flag: Yes Yes
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.
Address
Discussions
46 people like this. Showing 50 of 71,578 comments
If Iran attacks Israel, Middle East turmoil could lift oil past $100 a barrel
Published: April 12, 2024 at 1:22 p.m. ET
By Myra P. Saefong
https://www.marketwatch.com/amp/story/if-iran-attacks-israel-middle-east-turmoil-could-lift-oil-past-100-a-barrel-fd76ea09
Oil prices could rise by $15 a barrel if all of Iran’s output is interrupted: analyst
Oil traders know the all-too-familiar drill: Heightened tensions in the Middle East have led to a rally in prices — so far to the highest intraday levels in six months. If Iran, one of the world’s largest oil producers, gets directly involved, however, a return to prices of more than $100 a barrel may soon follow.
“Nobody wants to be short heading into the weekend,” said Manish Raj, managing director at Velandera Energy Partners. “If the conflicts escalate over the weekend, short sellers will lose their shirts when they wake up on Monday.”
What’s happened
An April 1 airstrike on Iran’s consulate in Syria, which Tehran has attributed to Israel, killed seven Iranian military officers and prompted a vow of retaliation from Tehran.
Since the start of the war in Gaza in early October, there has been a rise in clashes between Israel and Iran-backed Hezbollah militants based in Lebanon. Hamas, which governs Gaza and launched the Oct. 7 attack on southern Israel, is also backed by Iran.
News reports have said that an Iranian attack on Israel is believed to be imminent, with the Wall Street Journal reporting the possibility of an attack as soon as Friday or Saturday.
The U.S. Embassy in Jerusalem issued a travel advisory on Thursday, warning U.S. citizens in Israel against travel outside of major cities such as Tel Aviv.
John Kirby, the Biden White House’s adviser for national-security communications, told reporters Friday that the administration is “certainly mindful of a very public, and what we consider to be a very credible, threat made by Iran in terms of potential attacks on Israel,” and that it was watching developments “very, very, very closely.”
Oil rally
Prices for oil have climbed so far this month alongside the rising tensions in the Middle East, with U.S. benchmark crude futures trading 5% higher and global benchmark Brent crude gaining closer to 6%.
In Friday dealings, May West Texas Intermediate crude CL.1 CLK24 was up 76 cents, or 0.9%, to trade at $85.78 a barrel on the New York Mercantile Exchange after trading as high as $87.67, while June Brent crude BRN00 BRNM24 climbed 90 cents, or 1%, to $90.64 on ICE Futures Europe following a high at $92.18. Both touched their highest intraday levels since October.
1 week ago
Might be good time to exit if Bumi Armada's share price spikes up in the coming week due to macro factors, namely MidEast tension and the ensuing spike in crude oil prices.
Note: This applies for those who've lost faith in the company's future potential. However, this might also be a pivotal moment as a contract award / extension or other key announcement (such as debt refinancing) might just be around the corner.
1 week ago
TASI Tadawul Saudi market index which reopened today on Sunday after the long Eid holidays was rather muted (dived down at the opening hour but had clawed back almost all points towards the closing)
1 week ago
Potentially negative news: https://www.upstreamonline.com/finance/uk-north-sea-producer-waldorf-facing-liquidity-concerns/2-1-1626872
1 week ago
Nik. I think its still managable given that the JV only 1/4 even if the field is to be liquidated
1 week ago
Looks like its mostly the retail sellers. Large and institutionals are buying ie inflows. Wonder if its reaction to Iran lobbing drones and missiles into Israel and possible reaction from latter.
1 week ago
Other O&G counters rebounded.
Armada's drop could be a mixture of:
(Geopolitical + Waldorf) = then must watch closely the price movement as most likely price will be shaken a bit;
(Geopolitical Only) = then the price will rebound back to 0.62
1 week ago
There is not going to be a problem from 29.5% owner Waldorf..EnQuest which holds 70,5% can easily pick up any shortfall as it has just struck 2 huge oilfields in Bressay and Bentley .Just buy low now and sell at 0.68
1 week ago
Is there any news regarding the final acceptance of Sterling V? It is expected to be completed this month.
1 week ago
Sterling V acceptance is not happening this month. Still 3 to 6 months away, at minimum.
1 week ago
Guys, I am off-loading for now... I think the Waldorf issue is a concern for now... See you all in the next round yeah. Will be back soon!
6 days ago
#TimCoke.. the same here... looking forward for a good QR and also some notes in Annual Report and AGM presentation before end of May.
6 days ago
Misc, dayang, hibiscus, perdana, dialog all went up .. but armada going down 🤔🤔
5 days ago
Ooops.... mouse pointer on the X .....accidently click and delete my own comments ... .hahaha
5 days ago
Competition warming up for large gas FPSO in Southeast Asia
https://www.upstreamonline.com/exclusive/competition-warming-up-for-large-gas-fpso-in-southeast-asia/2-1-1630052
2 days ago
TimCoke when you say that often enough, it's bound to come true at some point.
2 days ago
Niki, law of attraction ma, but its actually based on fact... Below 6 is still a good buy
1 day ago
The 2023 Annual Report should be out in the coming days. Hopefully there are some concrete, positive developments hidden in there.
Regardless, we need some positive announcement specifically relating to a concrete contract win by June 2024. Otherwise, be prepared to write-off Bumi Armada.
If you read the recent Glassdoor review, it seems like a company without any future potential. Such a sad state of things. Gary must be held accountable for this debacle!
1 day ago
Reviews from Glassdoor
---------------------
Relaxing!
Pros
Relax culture, you can get to know everyone in the company, KLCC view, half day on Friday, 10 mins walk from public transport (LRT)
Cons
Could be better on the employee & career development structure.
---------------------
Bonus payout is considered low as compared to peers
Pros
Friendly environment, rarely working overtime
Cons
No projects. Transparency between upper management and employees is low
Advice to Management
Provide more profit sharing to the employee to retain the talent
---------------------
1 day ago
LMAO they work just half-day on Friday. Intern says it is a relaxing environment, this not good for us.
The second review says no projects. Also, not good for us.
1 day ago
sometimes better no new project vs loosing money in new project. unfilled sales up to 20B or NPV @ 13% @ 90 sen per share, better sit and collect the sales and don't screw up. Once debt paid, pay out the extra cash as DV.
1 day ago
this May after QR most analyst will upgrade to 80 to 90 sen band target price as long as NO screw ups. we don't need new projects... but just implement what's is already there with perfection.
1 day ago
Rohank that is right with cost of equity at just over 16 % and with debt pared down would generally relate to a lower discount increasing PV subject to freecashflow projections. These guys need another project to bump up valuation as buffer to future cashflow projections.
1 day ago
The "kick" is in the terminal valuation in the DCF model. A growing company would have a higher valuation. That is why Yinson's valuation is streets ahead
1 day ago
Let us NOT kid ourselves. We, investors, are not going to make any profit, unless Armada management gets off their asses and start looking for new contract. Project division has been sitting 'half' idle for 5 years now.
1 day ago
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