The revenue is contributed highly by armada sterling III.

"The contributions from the joint ventures were strong in the third quarter as we started receiving contributions from Karapan Armada Sterling III"

If kraken been factored in then the revenue in Q3 still lower than Q2 ?

ok, not all are positive though.

"We also disposed of the Armada Intrepid during the quarter,
which boosted our income"
Some contributed by one of income by selling vessel.
And dont think kraken's profit is factored into Q3 yet.

looks good

Bumi Armada Berhad posted revenue of RM641.4 million for the third quarter of 2017,
a 69.9% increase when compared to the third quarter 2016, but a 7.6% decline against
the second quarter of 2017.
• FPO business registered revenue of RM402.7 million in the third quarter of 2017, a
19.3% increase over the second quarter of 2017, and an increase of 247.2% over the
third quarter of 2016.
• OMS business revenue decreased by 33.1% to RM238.7 million over the second
quarter of 2017, and was 8.7% lower than the third quarter of 2016.
• EBITDA for the third quarter of 2017 was RM466.9 million, compared to RM91.0
million in the third quarter of 2016.
• Net profit1 in the third quarter of 2017 improved to RM123.7 million, from a net loss of
RM96.7 million in the same period in 2016.
• Firm orderbook at the end of the third quarter of 2017 was approximately RM22.7
billion, with additional optional extensions of up to RM13.1 billion.

dont look down on all these buy call.
Hibiscus is a good example, after a buy call from public invest then it fly to the sky.
Hopefully dayang can somehow like hibiscus as well.

no wonder up so much today.
All buy call from kenanga, MIDF and Public invest

Okla, a profit that barely touch the borderline. But market seems not accepting it, drop 5% in single day

wah, suddenly a selling spree on dayang....
Dayang still hold 60% of perdana la, how come it is good...

haha, i know half market down. that's why it is another red sea day lo.
Oil up and all OG counter turn green today morning. Then market bad mood, all green turn red eventually

wah, so gloomy for monday market.
Red sea again 200 gainers, 450 loser.
Oil up but cant beat the bad mood of market. Most OG stock in red today

@ysy99999, u means the announcement on the offical date on perdana resume trading? or tomorrow perdana resume trading?

@tan84, one month later as what i heard.
@Alex88812, look at the market today, blood red sea again. Anyway, someone is in controlling the price la.

but the duration of pump dump so short now. Before that last a day, now not even an hour

wah, who follow just now get trapped

like end of show liao, so fast

reach also get pushed, hibiscs and reach really is brother. lol
anyway, dont lose to reach this time

show start? so sudden as usual this operator

1 month time and provided u hold dayang share before 14th.

Haha, that somebody jaga since 40c time la.
As long as no news then will press it down.
Only when there's some news/ article covering hibiscus then will let it go.
Or only when there is other fund comes in then will cross blade.

It can climb from 40c to today level also all thanks to pbb research set high TP on it. Then only everybody come in here.
If not maybe till today still floating on 40c

each person have their own view and justification. As long as get profits then he is the boss, haha.
And indeed ilovehits really did get some handsome profit on coastal.
And actually i found this stock thanks to him as well. Just i didnt get it in time before it flies, haha

seeing reach drop so much really did prove that hibiscus's fundamental is much better

another day of blood red sea

Actually doing a closed competitive bidding is not that good for the contract winner.
Coz it will become a price war, where the contract winner will need to keep on lowering the price on each mini bid to secure the job.

Let say if 1st project dayang get job, senergy lost the job. So in next project senergy know that the price they put in is not low enough, so they tune it down lower in order to win over dayang.
And this keep on going on and on, and the price will be lower and lower till both company earn nothing.

So in future the job volume maybe same, but revenue just getting lesser and lesser

Yes, that's what confuse me as well. If need mini bidding to obtain job then it should not group into various package.

But umbrella contract refers to contract that needs competitive bidding.

The link below not related to MCM, but it kind of describe the umbrella contract will need perform competitive bidding to secure work.

http://www.petronas.com.my/media-relations/media-releases/Pages/article/PETRONAS-CARIGALI-AWARDS-UMBRELLA-CONTRACT-.aspx

@Orlando Oil, remember the competitive bidding we have discussed before?
Looks like the MCM contract really works that way. "Umbrella contract" is the wording to describe the contract that required competitive bidding for each call-out operation.

Provision of Maintenance, Construction and Modification (MCM) Services. This umbrella contract (call-out structure) was awarded to Sapura Fabrication Sdn. Bhd. and its partner Borneo Seaoffshore Engineering Sdn. Bhd. The scope of the contract encompass the Provision of Maintenance, Construction and Modification (MCM) Services (Package A - Offshore) – Sarawak Gas for PETRONAS Carigali Sdn. Bhd. The contract duration is for five years expiring in September 2022 with one year extension option.

https://klse.i3investor.com/blogs/midfresearch/138327.jsp

sapura get the last piece of cake for MCM.
As usual, drop like crazy today,lol.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5603641

heard there's 5.
5 package should be peninsular, sarawak oil, sarawak gas, sabah oil and sabah gas.

Correct me if i am wrong

sea of blood red today

haha, i am not on platform now la. just went there occasionally only.
deepwater horizon too much story telling and making like a hero movie than a discovery.

Dayang already get MCM la, then drop also the same day.
Same goes to carimin, drop once announced, lol

https://klse.i3investor.com/blogs/PublicInvest/138234.jsp

Petra get MCM contract.
Lol, who get MCM contract, who price fall on same day

But not today la, give it few months time. This week will be a bit blue for OG counter.

Shale oil strike back as expected. Those analyst who predict crude to go back 85usd is not making sense la. Maintain 65 to 70 level all og operator want smile already.

Once dayang back to 0.8c level, then those who buy before ex-date will laugh to the bank. Hehe

0.49 steady, haha.

Dont think it is that low price of 0.2.
Worst come to worst of price to book ratio of 0.4 (most og counter have at least 0.5 with current oil price) then will still get 30c per share.

0.3 price to book ratio is for those PN17 company then probable la.

my own guess though, hope not really to 20c la, if not really pokai as what christopher said.haha

@chanyut,heard from the sifu here, is about one month if everything ok

@orlandooil,ya been to platform occasionally

@Orlando oil, platform cannot let it rotten one.
Safety and environmental concern, government will not allow it.

The oil price for sure somehow affect the capex of MCM for sure, no doubt.
But not as much as big impact comparing to drilling and exploration.

lol, today price already corrected. no more perdana dividend la.
If today still entitled then why people keep till price correction, haha

@leoting, yes i am in o&g sector

Not really agree on this, the platform need to be maintained regardless the oil price up or down (for safety purpose, just like car, we maintain regularly not only maintain it when it broken).

And usually for this kind of contract, petronas will have candidate in mind which can kind of expect the quantity and total expenditure for this.
Malaysia platform overall are pretty old, maintenance, demolish, well p&a is kind of a main theme in the SEA market now.

Anyway that's my 2c, maybe right maybe wrong, haha

u might be right,orlandoOIL.

In recent years, most of the newly granted petronas contracts had been revised into these kind of competitive bidding (we call it mini bid) for each job scope.

So i not really sure is MCM following this new trend or still stick with the single contractor for certain area way of doing it.
But usually with this kind of contract u mentioned, then they should able to forecast the job volume and overall contract value. But with those mini bid thing, then it is hard to predict as will differ from job to job.

haha, just my opinion though. might not be right. please correct me if i am wrong

The coming Q317 earning should be just on par with Q2 due to high oil price is offset by lower facilities online time (for service and maintenance).

Below is the table of forecast of oil production of Anasuria in recent announcement.
3q17, online time just 76% percent compare to Q2 of 98%.
Forecast EBITDA on Q3 is 40mil compare to Q2 38.1mil.
So dont expect a sudden jump due to coming QR report. Q4 seems the best one to expect


Anasuria Cluster (Full Quarter Production) 4Q16 1Q17 2Q17 3Q17 4Q17
Predicted oil production rate based on Decline
Curve (bbl/day) – RPS Report dated June 2016
3,319 3,257 3,140 2,701 2,642
Achieved average daily oil production rate (bbl/day) 2,955 3,032 3,934 2,617 3,204
Achieved average daily oil equivalent production
rate (boe/day)
3,135 3,406 4,408 2,873 3,522
Average OPEX per boe (US$/boe) 21.8 18.4 13.0 15.1 14.0
Average OPEX per bbl (US$/bbl) 23.1 20.7 14.6 16.6 15.4
EBITDA (RM million) 30.0 27.1 38.1 40.0 55.3
Average Facilities Uptime (%) 91% 82% 98% 76% 84%

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5597269

i get from this statement by deleum,

"the value of the contract depends on the agreed rates and the work orders issued by Petronas Carigali during the contract execution throughout the contract duration"

https://www.thestar.com.my/business/business-news/2017/10/04/deleum-emerges-as-third-winner-of-petronas-mcm-services-contract/

So those who get listed in the MCM contract, will need to separately go another smaller bidding for each individual job scope.
Thus how much they can earn is really depends on how good the price they can offer and how competitive they are. So petronas can choose who to perform which job based on the small bidding result.

Hence dayang, carimin all dont know how much they can get from the MCM contract depends on how much work scope they bagged during this 5 year MCM contract duration

Ah, suddenly an idea pop out in my mind. Now i know the reason why dayang,carimin ect didnt specify the MCM contract value awarded by petronas

@mredzuan, dayang already get a big pie from petronas on MCM contract. Just not sure how many billion this contract worth though.

People afraid of uncertainty, so do i. After all these OG rally end, guess i will back to basic basic stock. too much roller coaster no good for my heart.

Dayang in in top gainer list, just today though

wah, my portfolio from leaf green to blood red in one single day. lol
@einvest88, as long as dayang can climb back to 80c then those buy before ex-date earn perdana share for free.

OG counter all run fast in morning then back to same point before closing.

wah, cant even stand on 0.805 after trying so hard to 0.825