BUMI ARMADA BERHAD
KLSE (MYR): ARMADA (5210)
You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!
Last Price
0.58
Today's Change
+0.01 (1.75%)
Day's Change
0.57 - 0.58
Trading Volume
5,938,400
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
45 people like this. Showing 50 of 71,905 comments
Even Genting has a lucrative FLNG contract. https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3457525
Quite shameful I must say.
1 week ago
Someone sold big time before closing, causing price to fall back to 0.555. these people just won't let it go back up again.
1 week ago
Or maybe someone lost patience with the management and decided NOT to hold it any more.
Why would he purposely hurt himself by keeping the stock down ?
To buy more in the future would be my guess.
1 week ago
About this Genting / Wison projet. I know the company Wison. My former colleague who interviewed me for a job few years ago went there, and it was a posting to an unknown entity. Chinese job. Bumi Armada was a big player.
Now Wison gets contract and Bumi Armada has NOTHING anounces partnerships for green initiatives without any specific project.
1 week ago
early stage i heard this job genting & armada...maybe same case with cameia...pricing issue..thats way armada call off.
1 week ago
For UOB Kay Hian, Yinson’s new projects are coming into FY2025 earnings horizon, including two Brazil floating production storage and offloading vessels and the Matarani Solar project at its non-oil-and-gas segment.
However, “accounting distortion is growing alongside its leverage, and both may confuse investors and prolong the stock’s hefty trading discount,” the research house said, flagging “messy and confusing” finance lease disclosure to its true financial and leverage ratios.
Yinson’s measure of leverage in terms of net debt to cash flow was four times, though the ratio would rise to seven times based on the International Financial Reporting Standards disclosure, UOB Kay Hian noted. “For this to work, in our view, Yinson must adopt directional reporting,” the house said.
1 week ago
I have left BA. sold all my holdings as I heard some top shareholders collectively holding more than 50M shares have exited and are still selling. They have lost hope in BA.
I also checked with some Finance Experts and they also confirmed that the analyst valuation on DCF is wrong and its more like a Future Cash Value of BA and not NPV of BA.
those holding on pls do ur own homework on the valuation which the analyst have presented... if its NPV based on DCF the value MUST go up every Q or else new problems have croped up every Q and have kept the value down.
Good luck to all and make your profits whilst can.
1 week ago
Rohank, good luck to you. Tell us where you moved.
One of the last longs to leave .... may be sign of a bottom.
They call it: CAPITULATION.
1 week ago
Rohan understand it but your concerns about the calculations are misguided. In the absence of new contracts and all else being equal (i.e. fx rates etc), then as the company runs down its charters, the NPV will reduce every sequential quarter.
1 week ago
I think there must be a reason while BAB have NOT secured a single contract in 8 years. I suspect that the Greedy Gary just does not want the risk and hassle of new project. Finds an excuse to reject it, or does not even put a real try to convince the client.
It is much easier to make vague plans of becoming green leader, or progressive by developing partnership with competitor or alternative service provider, rather than a partnership with a client. And that works for a while, until the old money runs out.
1 week ago
Amazing action with BAB. Every minute there is a small sale. It is relentless. Someone decided to exit for sure, and we should let him do it. Just an example that goes on without any stopping.
114 09:57:20 am 0.555 0 2,300 1,192,400
113 09:56:30 am 0.555 0 2,300 1,190,100
112 09:55:42 am 0.555 0 2,200 1,187,800
111 09:54:46 am 0.555 0 2,000 1,185,600
110 09:53:12 am 0.555 0 4,000 1,183,600
109 09:53:06 am 0.555 0 2,000 1,179,600
1 week ago
I sold 50% of my holding in BAB. The remaining 50% is my long term bet on Armada Akia block venture. This could be a jackpot.
1 week ago
interestingly, they was invisible hands trying to push it up back again to 0.56 at the 11th hour before closing but failed miserably. week on week unchanged, what is in store next week, down and break below 0.555?
1 week ago
I bought some at 0.555, but not to push the market up. I just want to sell it and anounce here like all do that I sold off some of my position just as did all my fellow longs. Hopefully at miniscule profit.
The funny thing is I could NOT get a fill all day, then I finally bought it at 16:50 hrs in the after market / closing time. There was a huge selling wave at market. Also enormous wave of buy orders ... for the order book window dressing ?. I think it was meant to intimidate sellers (buys went from 4 to 8 mln).
1 week ago
#niki.. i agree with U on the NPV of each FPSO goes down as it means the value has translated to cash or lower debt and increasing net BA values. but in this case BA value remain the same and in some instances lower (only possible if BA pays DV or cash losses somewhere else). I am not looking at FPSO NPV but the sum of parts... net of debt... and there is no terminal value for BA as its charters all has an expiry date after extension.
1 week ago
Todays price drop is an indication that perhaps Greedy Gary turned down contracts in the Caspian Sea for pipeline construction vessels (too much hard work) and decided to follow inclusive or green targets in the future by more woke declarations.
1 week ago
Gary not greedy enough. He should boost the share price up since got 40m of share. hahaha
1 week ago
Walaoeh, oil price spike up like mad !
Brent closed at=> $86.01 +0.77 +0.90 %
Heng ah, Ong ah, Huat ah !
1 week ago
There are two upcoming #FPSO opportunities in Malaysia:
1. ConocoPhillips-operated Salam-Patawali oil development offshore Sarawak: This project requires a new FPSO with a production capacity of 30,000 to 55,000 barrels of oil per day and storage for up to 600,000 barrels of oil.
2. PTTEP-led replacement project on the Kikeh oilfield offshore Sabah: This project needs a replacement FPSO for the existing Kikeh field.
Invitations to bid for these projects are expected to be issued soon. This is a good opportunity for suppliers of leased FPSOs.
Here are some additional details that might find helpful:
• Malaysian FPSO players are well-positioned to benefit from these opportunities, with companies like Bumi Armada, MISC, Yinson and MTC having a strong track record in the region.
• The FPSO market in Southeast Asia remains buoyant, with several tenders expected for floating production, storage and offloading vessels.
Overall, these projects represent a significant opportunity for companies in the FPSO sector.
https://www.upstreamonline.com/field-development/double-fpso-opportunity-in-malaysia-about-to-begin-bidding-phase/2-1-1665451
1 week ago
Don't hold your breath though, I expect Bumi Armada to fail to secure either of these contracts.
1 week ago
Bumi Armada could NOT get a new contract even if a client slapped them across the face with it. That is what happened a year ago when Total asked them to develop Cameia, but Greedy Gary refused in order to pursue climate change and zero carbon initiatives by means of international conferences and luxury hotel junkets. So far he has zero new ESG achievement as well as he aims for carbon zero. Doing NOTHING to achieve ZERO. Carbon zero.
6 days ago
This is a beautiful city. I stayed there for a few weeks. Hope that they prop Greedy Gary up before the meetings like they do for Biden before the debate. Those old 'fat cats' need a lot of maintenance, preferring to sleep on warm fireplace and eat ice cream. Greedy Gary is only 60++ years old, so maybe less senile and more vivacious than Biden.
6 days ago
kazakstan and the surrounding central asia are the worst when it comes to corruption, and crooked deals, just see what REACH is reaping..... if armada goes there then I believe its end of the road :-( just my opinion tho
6 days ago
I want to say that as disappointed as I am with Bumi Armada, the management of R0ach Energy Berhad has the absolute world record in incompetence and mismanagement. Those guys are clowns of ignorance beyond belief. They have a company like hibiscus, but they crash it down to RM 0.03. In comparison, Greedy Gary is OK.
Come to think about it, R0ach may be a good investment. If someone wants to spend money with me, we can join other forum. Management has been changed recently. But Kazakhstan ...
6 days ago
I still stand by my opinion of last week here.
-----------------------------------------------
Robert Waters
Take it from a guy who spent 3 years in Kazakhstan, both offshore and onshore. All the projects I saw were failing as the locals were simply too corrupt even for Italians to handle them. And it takes a lot to outdo Italians in corruption.
They had good coffee though, I admit.
1 week ago
6 days ago
So long as BA hits Rm1 some time this year, I will be the first in the forum to address the CEO as the Venerable Gary.
Doesn't matter if next he flies to Timbuktu as part of his itinerary.
85 sens is perfectly fine too (the Brent TP)
6 days ago
Looks like Yinson is set to secure yet another FPSO win in West Africa. Truly a slap on the face of Bumi Armada management. Despite having 3 to 4 FPSOs under varying phases of development, Yinson is still able to secure lucrative contracts. That's how far Bumi Armada has fallen. Their reputation in the FPSO space is tattered, and they have no reputation in the green energy or gas spaces. They were the best OSV player around a decade ago, now they sold off the entire OSV division. Bloody bunch of ammeters!
https://www.upstreamonline.com/exclusive/malaysia-player-set-to-scour-market-for-africa-fpso-topsides-modules/2-1-1666960
6 days ago
Based on Bumi Armada lack of ability to execute, they should be taken over by Yinson. I remember when Yinson was a bus company in Johor (Logistics) and they bought one asset. At that time Armada was a big player. Now Armada has zero projects and Yinson is the star of the industry. Yinson could get a sukuk to take over Armada and shareholders would be better off.
5 days ago
Look at astro under ananda K. Going down the drain vs heydays except maxis stable giving out dividends but not moving also. All sama sama. Even though there is upside for BA but it is limited vs other players.
4 days ago
Last week action was weak indicating syndicate collecting for news release (?) and I anticipate a spurt. Also average chart signal crossess which are very bullish.
In any case, price target is RM 0.84 based on the latest crude oil futures.
2 days ago
Thus far, it was a rather quiet first half of the year. Not one single news announcement (other than Armada Sterling V first oil).
Some announcements due in the 2nd half of the year:
1. Armada Sterling V full acceptance
2. Armada TGT charter extension
3. RM1.5bil corporate sukuk refinancing
4. Update on Akia PSC
5. Armada Kraken / Sterling II charter extension
1 day ago
6. BA springs a surprise announcement with venture into AI and data centre business ..... limit up to blue sky?
1 day ago
Walaoeh, oil price spike up crazily !
Brent closed at=> $86.60 +1.60 +1.88 %
Like that today Armada going to limit up already liao lah !
Heng ah, Ong ah, Huat ah !
1 day ago
Maybe they will go green by mothballing carbon producing assets to achieve carbon zero certification ?
20 hours ago
Maybe investors are finally realising the mismatch between current BA price and Brent
20 hours ago
Walaoeh, what happend ?
Super damn hot man Armada today !
Now Armada was traded at @0.58 (+0.015) (+2.7 %)
Heng ah, Ong ah, Huat ah !
19 hours ago
Frustrated by lack of business growth by BA for so many years and its lethargic stock price , I sold another 30 % of my total holding around 56-57 range lately. I am left with 1/3 of BA shares versus my record holding of BA shares. It has been 9 years of investing in BA and throughout the years of up and down, I bought and sold about 1.5 Millions shares in between the years to compensate for lack of dividend. Even though it is my most profitable stock in terms of values, I have decided to let go of my BA in stages as I can't see the current BA management doing much to get new contracts in its core business. It is sad.
19 hours ago
I share your frustration. We are excited about the price moves up and down, like today, but there is no project to discuss. And there has not been any for 8 years.
Even if they get one by some miracle, there will be 8 year gap in earnings growth in the future, so I see a lot of sense in your decision.
18 hours ago
HLIB stays overweight on oil and gas sector, names Dialog, Armada, Velesto as top picks
18 hours ago
The only saving grace for BA is its current Free Cash Flow but given the existing FPSO contracts are approaching the end of contract period subject to potential extension at reduced charter rates; I wonder what the impacts on the Free Cash Flow in near future are. BA looks more like a sunsetting company but with boastful ambitions of going carbon capture applications which shall not be in time to replenish its Free Cash Flow generations when its FPSO entering end of contract or lower charter rates period.
17 hours ago
Post a Comment
Featured Posts
MQ Trading Signals
Time
Signal
Duration
Type
2024-07-03 08:00:00
TURTLE SYSTEM 20
Daily
BUY
Apps
Top Articles
1
How to become a resilient trader
2
TA Sector Research
3
4
5
7
AmInvest Research Reports
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
TimCoke
low volume
1 week ago