hsltee, Yinson is RM7 right?

Don't u think if Armada price 25% of that price also sibeh hoseh?

hsltee, you know how to read IF or not?

Tell me what's the meaning of this word IF first...then I tell u confirm or not. =P

Monkey doing their clown shows are always funny...

===============
Kim0914 hahahaha
26/02/2020 5:39 PM

The same guy kaki kong...kaki song....Don't take their words anymore than a pinch of salt

Jameswong66
Jameswong66
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hsltee
hsltee
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No choice. I stepped on shit from ARBB.
These monkey followed me over.

===========================
vespa RJ87 you done us a service in cornering these rogues

No need to these monkey show by creating new account talking to yourself la...very childish...

I hope result out tmr as scheduled...

Then, we all know what to do...There is always risk of funny things appearing. So far, has been pretty predictable and consistent with this new CEO and CFO....

But if really report a negative quarters. Clown from ARBB will literally jump off the chairs.
Anyway, it doesn't change the fact, profit in trade receivables are as good as no profit. =P

Incorrect...Armada's Gross Profit will continue to flow in generating almost RM1Bil in cash from operation before changes in working capital and RM500mil net cash (Not trade receivables like ARBB with negative net cash of 40mil with 35mil "profit"). That's not gonna change if RJ sold or Jameswong66 bought.

But if cash generation continue to strengthen; RJ would be an idiot to have sold at 70-80sen to Jameswong66 if performance continue to improve. The right strategy to exit is when market over values Armada's future earnings. E.g Yinson's PE at 30. Armada PE30 at EPS 6sen per annum; that's RM1.80. I will a hypocrite to not call Armada overpriced if it's RM1.80 if EPS doesn't grow to 8sen or 12 sen.

Get educated on difference between orderbook and MOU. MOU song song can mutually terminate (just like ARBB - last quarter song song terminate USD220mil worth of MoU). Armada's SA and Orderbook? You get sued if u conveniently terminate. That's the USD275mil Armada suing Woodside.

FPO/OMS is better investment bcos 1) The customers are international. 2) Clear revenue visibility from orderbook. 3) Charter rate does not directly affected by oil price.

Remember...get yourself educated. Know what and why you buy!
Don't buy rubbish like ARBB even if it's PE0.1. No PROFIT in cash is as good no profit.
A company with market cap RM80mil to deliver RM1Bil worth of MoU. You try to cheat who?

Here's the comparison between Armada and Yinson.

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
Q3,2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

After Short Term Debt conversion to Long Term Debts
Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)

=================================================================
hsltee they 0.375 numbers are just all numbers, mostly you know who play with this numbers, once they earn from these numbers, sell off. shares price will drop
26/02/2020 5:24 PM

Both account created today to talk to himself...this is called the legendary...

kaki kong...kaki song....

Jameswong66
Jameswong66
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hsltee
hsltee
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RGTech has positive operating cash of 7mil up from 3.5mil. ARBB negetive operating cash straight 4 quarters.

Arbb collect payment, SLOW SLOW. ARBB make payment with investors money, FAST FAST.

If i'm ARBB investor, con lan firm dulan la...why so stupid?
========================================================
once bitten twice shy twice bitten armada sure go to holland die pretty good , yes, my arse !

Lai, tmr sign MoU with me...I give u IOT wash toilet project USD500mil.

Biggest ever MoU ARBB signed to date. Dunno how many ppl gonna fall for this shit.

a) ARBD and East Insurance had mutually agreed to terminate the MOU as East Insurance undertook an internal restructuring exercise. ~USD20 million GONE

b) Group announced that ARBD and HKYT Life Insurance had mutually agreed to terminate the MOU ~USD100mil GONE

c) Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration. ~USD100mil

Everybody realize what a scam job. Terminate, terminate, terminate. If ARBB so good, why terminate?


a) ARBD and East Insurance had mutually agreed to terminate the MOU as East Insurance undertook an internal restructuring exercise.

b) Group announced that ARBD and HKYT Life Insurance had mutually agreed to terminate the MOU

c) Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration.

why real deal nvr share this?

If it's not required by Bursa to announce, ARBB will hide it under THEREALDEAL underwear.

Got a list to terminate summore. No rush...can slow slow wait.

(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019).
(b) On 10 July 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a whollyowned subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with HK
Yue Tai Life Insurance PLC (“HKYT Life Insurance”) to explore the potential collaboration in
deploying enterprise resource planning system and information technology related hardware and
software for HKYT Life Insurance. The project value is not less than USD 20 million (approximately
RM82.85 million based on USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July
2019).
(c) On 10 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with Chean
Chhoeng Thai Group Co. Ltd. (“CCTG”) to explore the potential of collaboration in deploying
internet of things and information technology related hardware and software for CCTG. The project
value is not less than USD100 million (approximately RM414.25 million based on USD1.00 :
RM4.14 extracted from Bank Negara Malaysia on 9 July 2019).
(d) On 23 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of agreement (“MOA”) with Hangzhou
Mayam IoT Tech. Co., Ltd (“HMIT”) to form a strategic partnership in deployment of smart water
meters that can be deployed by water authorities in Malaysia to measure, collect and analyse realtime water consumption information and data, including water leakages, water pressure, date and
time of water consumed by household (“Smart Water Metering Project”).The project value of the
Smart Water Metering Project is RM200 million over an initial period of two (2) years from the
commencement date with an extension of another eight (8) years to complete, if deemed necessary.

(e) On 23 July 2019, the Group announced that ARBIOT Sdn. Bhd., an indirect wholly-owned
subsidiary of the Group had entered into a memorandum of agreement (“MOA”) with Shuifa IoT
Tech. Co., Ltd. (“SITC”) to form a strategic partnership to carry out the project in relation smart
household water filtration system that can be supply to the public and individuals for the household
members to enjoy a safer and healthier water source for daily use (“Smart Household Water
Filtration Project”). The project value is approximately RM600 million for the duration of ten (10)
years, SITC shall provide the necessary funding to ARBIOT for the implementation and completion
of Smart Household Water Filtration Project.

(f) On 22 August 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a
wholly-owned subsidiary of the Group had entered into a one (1) year business contract with Tatan
Land Co., Ltd (“TLCL”) to provide customized enterprise resource planning (“ERP”) system and
system integration solution (“SIS”) for an estimated value of USD20 million (approximately
RM83.54 million based on USD1.00 : RM4.18 extracted from Bank Negara Malaysia on 21 August
2019). The business contract is , automatically renewed upon achieving the agreed target of Gross
Merchandise Value (“GMV”) of USD20 million.

All these also signed...then what happened?

(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019). On 9 December
2019, the Group announced that ARBD and East Insurance had mutually agreed to terminate the
MOU as East Insurance undertook an internal restructuring exercise. Hence, the Group has decided
to terminate the MOU until East Insurance completes its restructuring exercise.
(b) On 10 July 2019, the Group announced that ARB Development Sdn. Bhd. (“ARBD”), a whollyowned subsidiary of the Group had entered into a memorandum of understanding (“MOU”) with HK
Yue Tai Life Insurance PLC (“HKYT Life Insurance”) to explore the potential collaboration in
deploying enterprise resource planning system and information technology related hardware and
software for HKYT Life Insurance. The project value is not less than USD 20 million (approximately
RM82.85 million based on USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July
2019). On 24 December 2019, the Group announced that ARBD and HKYT Life Insurance had
mutually agreed to terminate the MOU as the Parties do not foresee the finalisation of the terms of
collaboration within the validity period of the MOU.
(c) On 10 July 2019, the Group announced that ARBIOT Sdn. Bhd. (“ARBIOT”), an indirect
wholly-owned subsidiary of the Group had entered into a memorandum of understanding (“MOU”)
with Chean Chhoeng Thai Group Co. Ltd. (“CCTG”) to explore the potential of collaboration in
deploying internet of things and information technology related hardware and software for CCTG.
The project value is not less than USD100 million (approximately RM414.25 million based on
USD1.00 : RM4.14 extracted from Bank Negara Malaysia on 9 July 2019). On 24 December 2019,
the Group announced that ARBIOT and CCTG had mutually agreed to terminate the MOU due to
both parties have been unable to agree and finalise the terms of the potential collaboration.

I can sign agreement with you. And the mutually terminate it mar. Blind or dunno how to read?


(a) On 17 June 2019, the Group announced that its wholly-owned subsidiary ARB Development Sdn.
Bhd. (“ARBD”) had entered into a memorandum of understanding (“MOU”) with East Insurance
PLC (“East Insurance”) to explore the potential collaboration in deploying enterprise resource
planning (“ERP”) system and information technology (“IT”) related hardware and software for East
Insurance. The project value is not less than USD20 million (approximately RM83.5 million based
on USD1.00 : RM4.17 extracted from Bank Negara Malaysia on 17 June 2019). On 9 December
2019, the Group announced that ARBD and East Insurance had mutually agreed to terminate the
MOU as East Insurance undertook an internal restructuring exercise. Hence, the Gr

U know, the owners will rather make less money than not make money at all. Do expect heavy conversion as the majority public are getting aware of this deceitful corporate exercise.

How good or bad is Armada is already clear and obvious...

better focus on how bad is ARBB. By the time I dig everything there out, the development project also can cancel already. =D

tell me s*hai, who is suing who? Lai, show ppl how stupid u ar.

=D

I think this s*hai...who sue who also dunno....hahahhaa

if it price drop below 0.215sen. The will NVR convert any share anymore.

Look forward to more subdivision announcement as price near to 21.5sen. Just sit around a while more and see that happens. =P

When ARBB wanna impair...nobody knows....

But likely, when 1.4bil shares fully converted. The price current supported by EPS from trade receivables but not CASH. But funny enough, payables are all settled cash. With investors cash.

Trade Receivables, kasi hutang banyak2. Trade payables, cepat2 bayar hutang with Investors money IMMEDIATELY. Pay who nobody knows.

U think yourself if ARBB is smart business men.
When collect payment, SLOW SLOW.
When make payment. FAST FAST.

pretty good...quite happy with it's financial statement. Margin not that good only

======================

bullstudent Mabel come check out RGTECH.....next revenue in the making

U buy enough la...Don't ask people to come support the price.

I'm anticipating the price to drop even good quarter...u know? Armada investors are chicken shit investor. Good or bad quarter also dunno how to read.

See hibiscus. Quarter report good. No one push, every one think it's bad. that's how stupid our market is.
=================================
LeslieGoh Insider news said extraordinary QR will out tomorrow noon, buy buy buy...
26/02/2020 1:56 PM

The list of MoU, 3 have cancelled....

MoU is not the same as PO or LOA. You see, more dodgy stuff.
Why sign so many but don't materialize any. Even more dodgy.

===================================================
THEREALDEAL Arb is doing IoT biz as arbb have signed agreements to deploy smart water meters, smart water filtration water system, etc.

I also use the word Smart, smart, smart to con government grants what.

I will pay their office a visit in sabah..

No need to take my words for it...

We see the coming quarter reports...

Too many things don't add up to appear like honest business.

When in doubt, give this a read again....

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Current Ratio: Armada (2.24/3.47 = 0.65X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(15.76/11.5 = 1.37X), Yinson (9.5/5.58 = 1.7X)

OMS
2017, Annual Revenue RM969mil, Annual Gross Profit RM403mil (Gross Margin 40%).
2018, Annual Revenue RM724mil, Annual Gross Profit RM197mil (Gross Margin 27%).
Q3,19, Annual Revenue RM232mil, Annual Gross Profit RM72mil (Gross Margin 31%) after selling few OSV fleet.

FPO
2017, Annual Revenue RM1.43Bil, Annual Gross Profit RM748mil (Gross Margin 52%)
2018, Annual Revenue RM1.7Bil, Annual Gross Profit RM810mil (Gross Margin 47%).
2019, Annual Revenue RM 1.33Bil, Annual Gross Profit RM758mil (Gross Margin 57%).

Orderbook: Armada(20.5+10Bil), Yinson (est RM40bil)
PE : Armada(0.4/0.06 = 6.67X), Yinson (7.11/0.2216 = 32X)
Price to book value : Armada (0.4/0.59 = 0.68X), Yinson (7.11/1.58=4.5X)
Current Ratio: Armada (2.24/2 = 1.12X, Yinson (2.27/1.25 = 1.86X)
Total Ratio: Armada(17.76/11.5 = 1.56X), Yinson (9.5/5.58 = 1.7X)

These are no scam. Go read the blardy Quarter Report.

Expose my scam like I expose yours in ARBB...

u can't show anything...

Again, ARBB is not IR4.0.
IR4.0 is awesome.
ARBB IS NOT. Very likely a SCAM job.

Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.

When these trade receivables are written off, then the "profits" will vaporize.

From a timber/wood manufacturer; suddenly 360 change into IR4.0 company. Issue 1.4bil ICPS at 0.01sen. 20sen to convert into a share. After converting, still get free 5-6sen per share by selling open market. Why go buy premium at 27-28sen. The fair value should be 21sen. Why wanna benefit them by buying high? Currently, converted about 200mil shares, got 1.2billion shares yet to be converted. Own subsidiary ARBIOT that report 35mil earnings by increasing trade receivables by 40mil to support 1.2Bil shares diluting EPS. Currently at PE 2, what a way to set value trap. You can read from Q4,18 quarters until last quarter reports. You will agree with me.

Let see if these trade receivables turns into cash or vaporize.
Stay safe. Don't be victim of scam.

bullrun1985, I carry myself truthfully and stood against tyranny.
This bunch of retards are nothing more than ONE low class digital bully opening multiple account.

u go here...

https://klse.i3investor.com/servlets/stk/7181.jsp

and you know why. I was calling a bluff in there...and some low life resort to low blow. Didn't expect people there are so low class...

What u disagree the dilution is going on?

U disagree that the supporter here owns ICPS with 1.5sen cost? There are 1.2bil shares haven’t convert.

If u don’t own any ICPS and only buy from open market, u r buying at very high premium considering it only cost 21sen for ICPS. The fair price should be 21.5sen.

Big news like another MOU mutually terminate right?

So far got 3 liao. Want how many more?

Very day convert 200K-300K...Dilute like this...

How much EPS also not enough.

Again, ARBB is not IR4.0.
IR4.0 is awesome.
ARBB IS NOT. Very likely a SCAM job.

Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.

When these trade receivables are written off, then the "profits" will vaporize.

From a timber/wood manufacturer; suddenly 360 change into IR4.0 company. Issue 1.4bil ICPS at 0.01sen. 20sen to convert into a share. After converting, still get free 5-6sen per share by selling open market. Why go buy premium at 27-28sen. The fair value should be 21sen. Why wanna benefit them by buying high? Currently, converted about 200mil shares, got 1.2billion shares yet to be converted. Own subsidiary ARBIOT that report 35mil earnings by increasing trade receivables by 40mil to support 1.2Bil shares diluting EPS. Currently at PE 2, what a way to set value trap. You can read from Q4,18 quarters until last quarter reports. You will agree with me.

Let see if these trade receivables turns into cash or vaporize.
Stay safe. Don't be victim of scam.

I stepped shit in ARBB. It's shit counter filled with shitty people....

Need to warn people about it.

@ asswipe,

"For the first nine months ended Sept 30, Bumi Armada staged a turnaround with a net profit of RM293.79mil compared to a net loss of RM1.04bil in the previous corresponding period."

another 100mil in Q4. total 393mil for 2019. Hoseh liao.

Maybe I’m the oddball. I pay for what it’s worth. Who say Chinese won’t screw public over?

Market generally racist. Chinese own company PE all high high. If Indian own company PE low low.

Also good reason. If pricing is based on socioeconomic of the race, and if the owners race are relatively well to do, generally, the Chinese owned company will hv better pricing support.

Those buy already don’t sell....

Those haven’t buy, as Elaine disclosed. Her cost only 1.5sen. Why pay 25.5sen premium?

Finger sore from copy pasting and creating fake account yet?

This is why investing in Malaysian Bourse is interesting. Very bad at valuation.

And extremely childish. =D

=D

Again, ARBB is not IR4.0.
IR4.0 is awesome.
ARBB IS NOT. Very likely a SCAM job.

Do your careful research on ARBB. Out of 35mil 2019 profit, 40+mil from increased trade receivables. Operationally, ARBB is ACTUALLY operationally deficit by 4-5mil.

When these trade receivables are written off, then the "profits" will vaporize.

From a timber/wood manufacturer; suddenly 360 change into IR4.0 company. Issue 1.4bil ICPS at 0.01sen. 20sen to convert into a share. After converting, still get free 5-6sen per share by selling open market. Why go buy premium at 27-28sen. The fair value should be 21sen. Why wanna benefit them by buying high? Currently, converted about 200mil shares, got 1.2billion shares yet to be converted. Own subsidiary ARBIOT that report 35mil earnings by increasing trade receivables by 40mil to support 1.2Bil shares diluting EPS. Currently at PE 2, what a way to set value trap. You can read from Q4,18 quarters until last quarter reports. You will agree with me.

Let see if these trade receivables turns into cash or vaporize.
Stay safe. Don't be victim of scam.

Went over to spam Armada without any ability to provide at information or data.

Just pure childishness.

Feel free to click the link

https://klse.i3investor.com/servlets/stk/5210.jsp

how childish ARBB share holders are...

Keep up the good work you bunch of retards...you might serve my agenda very well...

nvm...continue to spam...

hopefully when PAT reports 100mil. Ppl come read so much spam. They thought they found gem and chase high. Hahahaha

That will work very well too...=D