BUMI ARMADA BERHAD

KLSE (MYR): ARMADA (5210)

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Last Price

0.585

Today's Change

+0.005 (0.86%)

Day's Change

0.575 - 0.585

Trading Volume

21,283,800


46 people like this.

71,168 comment(s). Last comment by Robert Waters 58 minutes ago

GoldenShares

3,537 posts

Posted by GoldenShares > 2023-11-08 16:32 | Report Abuse

0.535 attractive

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-08 16:42 | Report Abuse

Based on Bumi Armada's website, the ARMADA LNG Mediterrana is now a jointly-owned vessel. Hmmmm???

Posted by ITreeinvestor > 2023-11-09 09:43 | Report Abuse

The current operated assets as follow:

3 wholly owned FPSOs
Armada TGT1
Armada Kraken
Armada Olombendo

5 jointly owned FPSOs
Armada Sterling I
Armada Sterling II
Karapan Armada Sterling III
Armada Sterling V
Armada LNG Mediterrana

2 construction vessels
Armada Installer
Armada Constructor

tomwah

1,592 posts

Posted by tomwah > 2023-11-09 15:03 | Report Abuse

monitor is on ,, dont leave behide

vespa

785 posts

Posted by vespa > 2023-11-09 16:55 | Report Abuse

This Mike chappie sold our earlier and moved into YTL Power wonder why

RISK8888

2,226 posts

Posted by RISK8888 > 2023-11-09 23:24 | Report Abuse

Coming, is coming. Collect collect collect

GoldenShares

3,537 posts

Posted by GoldenShares > 2023-11-10 11:10 | Report Abuse

0.525 all in

RayLee

133 posts

Posted by RayLee > 2023-11-10 11:17 | Report Abuse

Looks like you match all today, GoldenShares

tomwah

1,592 posts

Posted by tomwah > 2023-11-10 12:25 | Report Abuse

afternoon show

RISK8888

2,226 posts

Posted by RISK8888 > 2023-11-10 13:53 | Report Abuse

coming coming, buy buy buy QR out boleh jual untung besar. holding 2 weeks only, mari mari

Posted by Robert Waters > 2023-11-10 15:05 | Report Abuse

This is painful.
And all those spammers will be back gloating for a few days ....

GoldenShares

3,537 posts

Posted by GoldenShares > 2023-11-10 16:21 | Report Abuse

yes RayLee, all matched, 0.53 good support

tomwah

1,592 posts

Posted by tomwah > 2023-11-10 16:42 | Report Abuse

good luck everyone on boat

CT888

882 posts

Posted by CT888 > 2023-11-11 17:03 | Report Abuse

https://www.upstreamonline.com/exclusive/indian-giant-poised-to-start-oil-production-from-5-billion-deep-water-project/2-1-1546779

Sterling V oil production sometime end next week, after Diwali
Then price will fly.
Just hold and see show. Don't get tricked to sell now!

rohank71

732 posts

Posted by rohank71 > 2023-11-12 03:00 | Report Abuse

Debts will reduce by 2 sen and NTA will increase. Unless oil price collapses big, there is no effect on BA. Go up also not much impact. They just collect the rental rate of the FPSO. This is a steady cash cow like a REITs... just an over geared REITs.

rohank71

732 posts

Posted by rohank71 > 2023-11-12 03:00 | Report Abuse

Let's wait for Q3 results.. Will be re rated by analysts.

rohank71

732 posts

Posted by rohank71 > 2023-11-12 03:01 | Report Abuse

Upwards surely

Posted by daretocutandchange > 2023-11-12 11:57 | Report Abuse

l prefer armada just concentrate it's existing business,don't involve oil feild sectors.for me too riskly,must face a lot funds and expense cost will drag down net margin.political changes no one can control.

Posted by ITreeinvestor > 2023-11-12 16:36 | Report Abuse

McDermott has been awarded a transportation and installation contract by the Oil and Natural Gas Corporation (ONGC) for the KG-DWN-98/2 development project, located off the east coast of India.

Under the scope of the contract, McDermott will perform the transportation and installation of a central processing platform (CPP) and living quarters. Once installed, the CPP will be used to process wet gas which will then be transferred from the platform to an onshore terminal.

CT888

882 posts

Posted by CT888 > 2023-11-13 19:08 | Report Abuse

https://oilprice.com/Latest-Energy-News/World-News/Indias-ONGC-Ready-To-Start-Oil-Production-At-5-Billion-Deepwater-Project.html

Confirm start production v soon. Estimate end this week or early next week.
Sure will up after production online, if no major world event happen

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-13 19:31 | Report Abuse

Yes according to my source, staff abroad the FPSO received an official email notification today that first oil is due to be provided on or by 19th November 2023.

So fingers crossed this time next week we get an official announcement from Bumi Armada on the first oil from Armada Sterling V, and consequently the commencement of the charter period!

RayLee

133 posts

Posted by RayLee > 2023-11-15 12:02 | Report Abuse

100% Armada's Q3 result will outperform its previous quarter

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-15 12:55 | Report Abuse

No shit, Sherlock

randy793

43 posts

Posted by randy793 > 2023-11-16 12:47 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/5932311
Revenue dropped but pbt better off

Posted by Ledangking > 2023-11-16 12:47 | Report Abuse

Result just out.eps 3 sen.

GoldenShares

3,537 posts

Posted by GoldenShares > 2023-11-16 13:25 | Report Abuse

show time !

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-16 13:59 | Report Abuse

Reported net profit to SH: RM177.8mil

Adjustments:
Unrealized FX Loss: +RM15.4mil
Gain on Disposal: -RM18.1mil
Reversal of Impairment: -RM0.5mil

Net adjustment: -RM3.2mil

Adjusted core net profit to SH: RM174.6mil

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-16 13:59 | Report Abuse

A rather "boring" update. There are around RM30mil - RM40mil hidden losses from Armada Kraken in the quarter as the FPSO only returned to full operations on 9 August 2023. So the revenue deficit in the first 40 days of the quarter would've directly hit the bottomline. Expect a far stronger Q4 2023, especially with some contribution from Armada Sterling V as well. Assuming no issues, next quarter we shall see core net profit in excess of RM200mil.

Posted by ITreeinvestor > 2023-11-16 14:25 | Report Abuse

• Net gearing at 0.72x is the lowest since Q2 2015.

Posted by ITreeinvestor > 2023-11-16 14:26 | Report Abuse

Armada will turn into netcash company after 5-7 quarters.

randy793

43 posts

Posted by randy793 > 2023-11-16 14:33 | Report Abuse

Good analysis, thanks

Penarak

69 posts

Posted by Penarak > 2023-11-16 15:07 | Report Abuse

Good QR also,only up 0.5 cent

Fklim888

1,611 posts

Posted by Fklim888 > 2023-11-16 16:04 | Report Abuse

clear out all...or sudah mari

Jerichomy

4,220 posts

Posted by Jerichomy > 2023-11-16 18:07 |

Post removed.Why?

Jerichomy

4,220 posts

Posted by Jerichomy > 2023-11-16 18:08 | Report Abuse

Soon he will clear ytlpower

holihom

27 posts

Posted by holihom > 2023-11-17 02:02 | Report Abuse

debt to cash is 6.25

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 08:59 | Report Abuse

Hi everyone, please share research reports as you get them. Particularly interested in CIMB and UOB.

Maybank: https://mkefactsettd.maybank-ke.com/PDFS/350951.pdf

Posted by ITreeinvestor > 2023-11-17 09:14 | Report Abuse

Highlight from Maybank: we are forecasting a record-high core net profit of MYR853m in FY24E

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 09:44 | Report Abuse

Next thing they need to do is sell off the Caspian subsea assets.

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 09:47 | Report Abuse

From Kenanga report: ARMADA has guided that first oil could be in 1HFY24 but the exact date was not provided.

WTFFF!!!

Posted by ITreeinvestor > 2023-11-17 09:59 | Report Abuse

From Aminvest report : The group’s 30%-owned FPSO Armada Sterling V is expected to see first oil by 21st November, which will be followed
by the vessel acceptance test which may take up to 3 days.

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 09:59 | Report Abuse

AmInvest: The group’s 30%-owned FPSO Armada Sterling V is expected to see first oil by 21st November, which will be followed by the vessel acceptance test which may take up to 3 days.

----------

Kenanga analyst must be sleeping on the job.

Posted by ITreeinvestor > 2023-11-17 09:59 | Report Abuse

Due to the vessel’s idle status,
management notes that it has been receiving standby payments since March 2023

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 10:06 | Report Abuse

If somebody can share the report by CIMB, that'd be much appreciated. It's usually the most meaty, well-written report.

Posted by ageetkumar > 2023-11-17 10:51 | Report Abuse

"From Kenanga report: ARMADA has guided that first oil could be in 1HFY24 but the exact date was not provided"
I could be wrong, but I suspect this is coming from somebody taking the information directly from an Indian source like ONGC. In India 1HFY24 means, the first 6 months of April 2023 - March 2024.

GoldenShares

3,537 posts

Posted by GoldenShares > 2023-11-17 11:24 | Report Abuse

too many ikan bilis, normal washing process

Posted by Robert Waters > 2023-11-17 16:22 | Report Abuse

Raymond Yap of CIMB is the guy. #1 rated analyst for energy. He is now more upbeat despite slightly lowering the target. Not sure why he includes Kraken debacle as a major risk. You could say this of any vessel for any company. Breakdown can occur. Otherwise I am in full agreement.

nikicheong

2,250 posts

Posted by nikicheong > 2023-11-17 17:21 | Report Abuse

Have a good weekend folks. Hopefully there's some good news to be shared come Monday morning!

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