Bursa Malaysia (KLSE) Stock Investment Portal

2016-03-01 23:54 | Report Abuse

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powerwk, thank you very much for the great piece of GOOD NEWS !!! Thank you !!!

ladahitam , luckily you have not sold all ! ! You failed to read news correctly !!!
Please read again properly !!!

It is actually a piece of GOOD NEWS:

SCOMI Engineering Bhd's wholly-owned subsidiary has OBTAINED an ex parte injunction to restrain Prasarana Malaysia Bhd from wrongfully terminating the RM494 million Kuala Lumpur Monorail Fleet Expansion project.

Source:http://www.theedgemarkets.com/my/article/scomi-files-ex-parte-injunction-against-prasarana

SCOMI Engineering Bhd’s unit Scomi Transit Projects Sdn Bhd has SECURED a court ruling restraining Kuala Lumpur Monorail operator Prasarana Malaysia Bhd (PMB) from wrongfully terminating the RM494mil contract for the monorail fleet expansion project.

Source: http://www.thestar.com.my/business/business-news/2016/03/01/scomi-obtains-injunction-against-prasarana/

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2016-03-01 23:53 | Report Abuse

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ladahitam , luckily you have not sold all ! ! You failed to read news correctly !!!
Please read again properly !!!

It is actually a piece of GOOD NEWS:

SCOMI Engineering Bhd's wholly-owned subsidiary has OBTAINED an ex parte injunction to restrain Prasarana Malaysia Bhd from wrongfully terminating the RM494 million Kuala Lumpur Monorail Fleet Expansion project.

Source:http://www.theedgemarkets.com/my/article/scomi-files-ex-parte-injunction-against-prasarana

SCOMI Engineering Bhd’s unit Scomi Transit Projects Sdn Bhd has SECURED a court ruling restraining Kuala Lumpur Monorail operator Prasarana Malaysia Bhd (PMB) from wrongfully terminating the RM494mil contract for the monorail fleet expansion project.

Source: http://www.thestar.com.my/business/business-news/2016/03/01/scomi-obtains-injunction-against-prasarana/

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2016-03-01 17:00 | Report Abuse

great! now we have all the knowledgeable and good investors over this SCOMI ! It shall be one of the wonderful counter then ! Good company with good investors !!!

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2016-03-01 16:40 | Report Abuse

the RS was attempted 5days ago, let us see how it goes this round. With GOD's will, once the RS is broken, then it is going to be another high up.

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2016-03-01 16:33 | Report Abuse

SCOMI (Resistant level) RS=0.215, 0.22 .

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2016-03-01 16:26 | Report Abuse

True. You are right! Patience makes perfecto..! Particularly when we are on the right track !

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2016-03-01 15:51 | Report Abuse

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SCOMI Group Chief Operating Officer (Transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state is believed to be in favour of awarding it the project In Karnataka, India.

"We will be meeting state officials today to discuss further the financial aspect of developing the project on a government-to-government (G to G) basis, with the Construction Industry Development Board (CIDB) and Works Ministry backing our effort.

"Should the Karnataka government give its final approval, we hope to start our initial works within the next 10 months with the support of a joint consortium funding the project," he added.

Kanesan said this when contacted after briefing a Malaysian delegation on the second phase of the monorail system in Wadala, Mumbai.

He also said that other than the monorail project, Scomi was also keen on highway and urban housing development projects in Karnataka.

Meanwhile, the Malaysian delegation headed by the CIDB's acting chief executive, Sariah Abdul Karib, called on Maharastra state - Mumbai is the capital - Chief Minister Devendra Fadnavis.

The delegation also conveyed Scomi's intention to be involved in urban development and housing projects in the state.

http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1219212

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2016-03-01 15:22 | Report Abuse

SCOMI is truly a company with good fundamentals and strong background. Let us ride with pride with GOD's will !!!

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2016-03-01 15:15 | Report Abuse

Congratulations to all who has bought SCOMI !!! We are on the right track !!!

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2016-03-01 14:45 | Report Abuse

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MAYBANK IB maintain BUY for SENDAI at MYR1.00 TP

http://klse.i3investor.com/servlets/staticfile/278576.jsp

RECAP:

Evensendai tipped to bag structural steel works contract for KL118 Tower :
http://www.theborneopost.com/2015/12/29/evensendai-tipped-to-bag-structural-steel-works-contract-for-kl118-tower/#ixzz3yca0eIhL

Eversendai in strategic partnership to compete better in tenders: http://www.thestar.com.my/business/business-news/2015/12/22/eversendai-in-strategic-partnership-to-compete-better-in-tenders/

Eversendai clinches contracts worth RM316m: http://www.thesundaily.my/news/1619190

Eversendai bags RM246m Saudi contracts: http://www.thesundaily.my/news/1356604

Eversendai bags RM120m contract : http://www.thesundaily.my/news/1325475

Eversendai bidding for RM23b jobs : http://www.thesundaily.my/news/1475250

Eversendai ventures into Thailand : http://www.thesundaily.my/news/1627920

HLIB has raised its target price for Eversendai to RM1.55 (from RM1.06 previously), which implies an 18.9 times its 2015 earnings, and a more reasonable 13 times and 10.5 times 2016-2017 earnings, respectively.

According to HLIB, Eversendai’s earnings are set to recover strongly, backed by an all-time high orderbook and surging job wins.

Eversendai’s orderbook is now valued at RM2bil, which translates to a strong cover ratio of two times, compared with its historical range of 1.1-1.6 times.

So far this year, the group has bagged RM864mil worth of jobs, which accounted for 62% of HLIB’s RM1.4bil full-year target.

Another RM804mil worth of contracts could be forthcoming in the next six months, supported by developments in the Middle East and India, as well as the Refinery and Petrochemical Integrated Development project and the KL118 Tower project locally.
(http://www.thestar.com.my/business/business-news/2015/06/16/eversendai-stays-a-buy/)

Large-scale infrastructure projects such as the MRT, LRT, PBH and HSR will proceed.

The MVV (Sime Darby Bhd-Employees’ Provident Fund), the CCC (Malaysian Resources Corp Bhd) and the HSR will be implemented on a public-private partnership basis, hence private investments will reduce the burden on the government’s finances.

Meanwhile, Rapid will continue to be developed by Petroliam Nasional Bhd due to committed investments in building the refinery and oil storage facilities.

The MRT, LRT and PBH will be funded by government-guaranteed bonds raised by DanaInfra Nasional Bhd, the government’s special-purpose vehicle to finance infrastructure projects.

Hence, it is not affected by the cut in development expenditure since DanaInfra’s government-guaranteed bonds are just a contingent liability, of which repayment and debt servicing will come from operating expenditure in the future. (The Edge)

https://www.youtube.com/watch?v=yAFIR_bEBYU

https://www.youtube.com/watch?v=HCRYgsVDY94

EVERSENDAI Oil & Gas : http://www.eversendai-og.com/web/

EVERSENDAI OFFSHORE: http://www.eversendaioffshore.com/about-us/corporate-profile/

SENDAI : http://www.eversendai.com/web/

SENDAI EARNINGS, PRICE , DIVIDENDS : http://www.corporateinformation.com/Company-Snapshot.aspx?cusip=C458002G0

MAYBANK IB maintain BUY for SENDAI at MYR1.00 TP

http://klse.i3investor.com/servlets/staticfile/278576.jsp

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2016-03-01 13:19 | Report Abuse

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MAYBANK IB maintain BUY for SENDAI at MYR1.00 TP

http://klse.i3investor.com/servlets/staticfile/278576.jsp

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2016-03-01 09:36 | Report Abuse

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RECAP:

RM2.9bn. EPCIC and FPSO contract secured by TH Heavy Engineering from JX Nippon Oil & Gas Exploration (JXN) to commence in FY16. (THE STAR)

The FPSO will be deployed in early-2016 once the Layang field starts production.

The FPSO leasing contract is for a fixed term of 7 years (USD372m or RM1.2bn) with 10 annual optional extensions (USD475m or RM1.47bn). The charter improves long term earnings visibility.

The contract is positive for TH Heavy as it ensures stable recurring income from FY16 onwards.

The daily charter rate works out to be RM470k/day for the fixed term

The contract includes provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of the floating production storage and offloading vessel, Deep Producer 1 (DP1), for the Layang Development Project, offshore Sarawak.

http://www.thestar.com.my/business/business-news/2014/05/16/thhe-wins-first-fpso-contract/

http://www.bursamarketplace.com/index.php?ch=25&pg=90&ac=1454&bb=research_article_pdf

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2016-03-01 08:39 | Report Abuse

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Oil rise 3 percent as China moves to boost economy, crude output drops

http://www.reuters.com/article/us-global-oil-idUSKCN0W2029

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Stock: [SCOMIES]: SCOMI ENERGY SERVICES BHD

2016-03-01 00:14 | Report Abuse

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ARMADA FY 2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20FY2015%20Presentation.pdf

RECAP:

Bumi Armada Inks $3B FPSO Contract with Eni for Angola's East Hub Field -
See more at: http://www.rigzone.com/news/oil_gas/a/134633/Bumi_Armada_Inks_3B_FPSO_Contract_with_Eni_for_Angolas_East_Hub_Field#sthash.bfEGi1aN.dpuf

Bumi Armada secures facility of up to RM4.8bil :
http://www.thestar.com.my/business/business-news/2015/12/28/bumi-armada-unit-secures-rm5bil-facility/

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2016-02-29 21:58 | Report Abuse

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LATEST NEWS:

CEO Kanesan Veluppillai confirmed that Sao Paulo Metro had turned to SCOMI Engineering to complete and possibly fast track the Line 17 monorail project.

“We have an order book of RM1.32bil excluding additional Line 17 orders,” Kanesan said.

http://www.thestar.com.my/business/business-news/2016/02/29/scomi-engineering-gains-from-brazil-turmoil/

ANOTHER NEWS:

SCOMI Engineering Bhd is close to inking a partnership agreement with Turkish groups Albayrak Grubu and Siyahkalem to jointly bid for monorail jobs in Turkey and Saudi Arabia worth RM9.5 billion.

Read More : http://www.nst.com.my/news/2016/02/130183/scomi-set-partner-turkish-firms

RECAP:

Group CEO (transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state was believed to be in favour of awarding it the project.

http://www.thestar.com.my/business/business-news/2016/02/26/scomi-eyeing-59km-rail-line-in-bengaluru/

Scomi Energy order book gets US$41.6m job extension.

-See more at: http://www.thestar.com.my/business/business-news/2016/01/15/scomi-energy-order-book-gets--job-extension/

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:

(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.36% owned) as IJM's MRT solutions arm .

IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)

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2016-02-29 21:57 | Report Abuse

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Stock: [AAX]: AIRASIA X BERHAD

2016-02-29 21:37 | Report Abuse

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PRESS RELEASE
For Immediate Release

EVERSENDAI ANNOUNCES SURGE IN REVENUE AND PROFIT

KUALA LUMPUR, February 29, 2016 – Eversendai Corporation Berhad today reported its
fourth quarter and unaudited results for the financial year ended 31 December 2015.

The Group reported a revenue and profit after tax of RM489.3 million and RM10.4 million,
respectively, for the quarter ended 31 December 2015, as compared to the corresponding
quarter ended 31 December 2014 of RM308.5 million and RM16.4 million.

For the year ended 31 December 2015, the Group registered a revenue and profit after tax,
which stood at RM1,788.8 million and RM62.2 million respectively, as compared to
RM1,002.8 million and RM36.4 million for the year ended 31 December 2014.

The Group’s revenue continued to be dominated by its operations in the Middle East, which
has accounted for 70.7% of the Group’s revenue during the current financial period. The
Group’s remaining revenue was derived from the steel fabrication contracts as well as the
power and petrochemical plant projects in Malaysia (20.8%) and construction industry in
India (8.5%).

The Group’s order book currently stands at RM1.7 billion, with projects worth RM271 million
being secured in the fourth quarter of 2015. These include the connection design, supply,
fabrication and erection of steel for a rapid transit system’s elevated station in Saudi Arabia;
Fabrication, supply and erection of steel structure for Top Glove’s factory in Malaysia; A
contract for steel structure and above-ground piping installation for Toyo Engineering &
Construction Sdn Bhd as part of the RAPID Package 5 project, as well as 2 contracts for
module fabrication works and supply of a Tri-Ethylene Glycol (TEG) unit for the ADGAS Das
Island project in Abu Dhabi.

More at : http://www.bursamalaysia.com/market/listed-companies/company-announcements/5016305

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2016-02-29 12:39 | Report Abuse

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AAX is not by project basis.

Will have to wait for another 3 months for next results announcement.

Till then will have no much excitement. Big sharks are luring and throwing for retailer to hold the price.

Do not put all eggs into one basket !!!

Sell some (not all) to take profit first and split our risks.

IJM has just emerged as single largest shareholders of SCOMI, so can expect more excitement news!

This is is going to save your "life in flying high" too . Anyway is entire up to you !!!

AAX counter is a very tricky counter. What had happened on Friday afternoon may happen again !!!

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Stock: [AAX]: AIRASIA X BERHAD

2016-02-29 12:14 | Report Abuse

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2016-02-29 12:12 | Report Abuse

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2016-02-29 12:12 | Report Abuse

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Stock: [SCOMIES]: SCOMI ENERGY SERVICES BHD

2016-02-26 16:01 | Report Abuse

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LATEST NEWS:

SCOMI Group chief operating officer (transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state was believed to be in favour of awarding the project 59km rail line in Bengaluru.

http://www.thestar.com.my/business/business-news/2016/02/26/scomi-eyeing-59km-rail-line-in-bengaluru/

IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)

RECAP:

IJM, SCOMI in the running for the RM27Bil PDP (PRASARANA) job:
(more details: http://www.thestar.com.my/business/business-news/2014/07/12/prasarana-joins-the-fray-fed-govt-entity-keen-on-proposed-transport-job-on-penang-island/ )

IJM entry allows SCOMI to obtain RM118m bridging loan
(more details: http://www.ijm.com/web/newsroom/what_130117_ed.htm)

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

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2016-02-26 16:01 | Report Abuse

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2016-02-26 15:56 | Report Abuse

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2016-02-26 15:56 | Report Abuse

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2016-02-26 15:56 | Report Abuse

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2016-02-26 12:46 | Report Abuse

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SCOMI Group chief operating officer (transport) Kanesan Veluppilai said the company had already obtained initial approvals from various agencies and the state was believed to be in favour of awarding the project 59km rail line in Bengaluru.

http://www.thestar.com.my/business/business-news/2016/02/26/scomi-eyeing-59km-rail-line-in-bengaluru/

SCOMI profile: http://www.scomi.com.my/GUI/video/klmonorail/video_rail.html

SCOMI: http://www.scomigroup.com.my/

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Stock: [MISC]: MISC BHD

2016-02-25 16:20 | Report Abuse

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RECAP:

Bumi Armada Inks $3B FPSO Contract with Eni for Angola's East Hub Field -
See more at: http://www.rigzone.com/news/oil_gas/a/134633/Bumi_Armada_Inks_3B_FPSO_Contract_with_Eni_for_Angolas_East_Hub_Field#sthash.bfEGi1aN.dpuf

Bumi Armada secures facility of up to RM4.8bil :
http://www.thestar.com.my/business/business-news/2015/12/28/bumi-armada-unit-secures-rm5bil-facility/

ARMADA Q3_2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20-%20Q3%202015%20Financial%20Results.pdf

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Stock: [MISC]: MISC BHD

2016-02-25 16:20 | Report Abuse

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Why merger deal between MISC Bhd and Bumi Armada Bhd is still possible ?

CIMB Research says the merger deal between MISC Bhd and Bumi Armada Bhd offers an opportunity for MISC to grow its portfolio of stable cashflow assets, while growth in the oil and gas environment is stagnant.

if it materialises, could involve MISC, 63 per cent-owned by Petroliam Nasional Bhd (Petronas), injecting its FPSO businesses into Bumi Armada via a share swap.

“This could lead to Petronas ultimately owning a substantial stake in Bumi Armada, which subsequently transforms into the national oil and gas company’s FPSO division,” it said.

The research house further noted that Bumi Armada currently has 9 FPSOs compared with MISC’s 6 FPSOs.

It said that combining the two fleets would result in Bumi Armada’s 15 FPSOs leapfrogging from the 5th to 2nd largest global FPSO operator, just below BW Offshore’s 17.

“If the pricing is right, this deal could be good for both companies,” the research house said.

CIMB said the deal would ultimately be beneficial to both parties, with Bumi Armada coming into the Petronas fold and gaining access to local contract awards, while also gaining access to MISC’s strong balance sheet for future expansion.

Meanwhile, MISC may get exposure to Bumi Armada’s current FPSO portfolio, as well as pursue overseas opportunities jointly, utilising Bumi Armada’s wide network of overseas contacts.

At the current price, Bumi Armada shares may be relatively low-risk consideration for MISC as
Its share price is below its IPO price of RM3.03 and close to its all-time low.

It is also lower than its book value of RM1.28 at end-3Q15 even after substantial write-downs of its OSV carrying values.

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2016-02-25 16:04 | Report Abuse

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TH Heavy Engineering Bhd saw its net loss for the fourth quarter ended Dec 31, 2015 (4QFY15) narrowed to RM7.07 million or 0.63 sen per share, from RM71.99 million or 7.15 sen per share, mainly due to lower impairment loss on receivable, as well as lower losses from on-going fabrication projects.

http://www.theedgemarkets.com/my/article/sime-darby-tm-cliq-energy-karex-mbsb-petgas-parkson-ccm-th-heavy-mbm-resources-protasco

RECAP:

RM2.9bn. EPCIC and FPSO contract secured by TH Heavy Engineering from JX Nippon Oil & Gas Exploration (JXN) to commence in FY16. (THE STAR)

The FPSO will be deployed in early-2016 once the Layang field starts production.

The FPSO leasing contract is for a fixed term of 7 years (USD372m or RM1.2bn) with 10 annual optional extensions (USD475m or RM1.47bn). The charter improves long term earnings visibility.

The contract is positive for TH Heavy as it ensures stable recurring income from FY16 onwards.

The daily charter rate works out to be RM470k/day for the fixed term

The contract includes provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of the floating production storage and offloading vessel, Deep Producer 1 (DP1), for the Layang Development Project, offshore Sarawak.

http://www.thestar.com.my/business/business-news/2014/05/16/thhe-wins-first-fpso-contract/

http://www.bursamarketplace.com/index.php?ch=25&pg=90&ac=1454&bb=research_article_pdf

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2016-02-25 16:02 | Report Abuse

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2016-02-25 15:12 | Report Abuse

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RECAP:

Bumi Armada Inks $3B FPSO Contract with Eni for Angola's East Hub Field -
See more at: http://www.rigzone.com/news/oil_gas/a/134633/Bumi_Armada_Inks_3B_FPSO_Contract_with_Eni_for_Angolas_East_Hub_Field#sthash.bfEGi1aN.dpuf

Bumi Armada secures facility of up to RM4.8bil :
http://www.thestar.com.my/business/business-news/2015/12/28/bumi-armada-unit-secures-rm5bil-facility/

ARMADA Q3_2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20-%20Q3%202015%20Financial%20Results.pdf

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2016-02-25 15:12 | Report Abuse

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2016-02-25 09:44 | Report Abuse

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RECAP:

Bumi Armada Inks $3B FPSO Contract with Eni for Angola's East Hub Field -
See more at: http://www.rigzone.com/news/oil_gas/a/134633/Bumi_Armada_Inks_3B_FPSO_Contract_with_Eni_for_Angolas_East_Hub_Field#sthash.bfEGi1aN.dpuf

Bumi Armada secures facility of up to RM4.8bil :
http://www.thestar.com.my/business/business-news/2015/12/28/bumi-armada-unit-secures-rm5bil-facility/

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2016-02-24 12:12 | Report Abuse

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RECAP:

ARMADA Q3_2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20-%20Q3%202015%20Financial%20Results.pdf

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2016-02-24 11:45 | Report Abuse

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RECAP:

ARMADA Q3_2015 RESULTS PRESENTATION:
http://www.bumiarmada.com/App_File/Image/assets/BAB%20-%20Q3%202015%20Financial%20Results.pdf

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2016-02-24 10:45 | Report Abuse

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Dear skyu,

You have got a point there.

McDermott-THHEAVY joint venture provides a win-win solution .

JX Nippon Oil & Gas Exploration (JXN) RM2.9bn. EPCIC and FPSO contract that was secured by TH Heavy to commence in FY16 is a for a fixed term of 7 years (USD372m or RM1.2bn) with 10 annual optional extensions (USD475m or RM1.47bn).

7+10 years !!!

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2016-02-24 09:41 | Report Abuse

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The research house further noted that Bumi Armada currently has 9 FPSOs compared with MISC’s 6 FPSOs.

It said that combining the two fleets would result in Bumi Armada’s 16 FPSOs leapfrogging from the 5th to 2nd largest global FPSO operator, just below BW Offshore’s 17.

CIMB said the deal would ultimately be beneficial to both parties, with Bumi Armada coming into the Petronas fold and gaining access to local contract awards, while also gaining access to MISC’s strong balance sheet for future expansion.

Meanwhile, MISC may get exposure to Bumi Armada’s current FPSO portfolio, as well as pursue overseas opportunities jointly, utilising Bumi Armada’s wide network of overseas contacts.

At the current price, Bumi Armada shares may be relatively low-risk consideration for MISC as
Its share price is below its IPO price of RM1.52 and close to its all-time low.

It is also lower than its book value of RM1.28 at end-3Q15 even after substantial write-downs of its OSV carrying values.

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2016-02-24 09:29 | Report Abuse

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Dear Skyu,

True.

Advantages to FPSOs can be classified in two ways:

Flexibility in performance and field development.

Flexibility in performance includes all aspects from options for construction to seaworthiness. The basic performance advantages of an FPSO relate to oil storage capacity, operation in all types of environments, less sensitivity to weight increase or COG shift, ease of modularization, and redeployment to other areas when fields have declined. These and other factors are reasons why an FPSO is considered as a viable deepwater field development option.

A Floating Production Storage and Offloading (FPSO) installation is a floating facility, usually based on a (converted) oil tanker hull. It is equipped with hydrocarbon processing equipment for separation and treatment of crude oil, water and gases, arriving on board from sub-sea oil wells via flexible pipelines.

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2016-02-24 09:10 | Report Abuse

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Why merger deal between MISC Bhd and Bumi Armada Bhd is still possible ?

CIMB Research says the merger deal between MISC Bhd and Bumi Armada Bhd offers an opportunity for MISC to grow its portfolio of stable cashflow assets, while growth in the oil and gas environment is stagnant.

if it materialises, could involve MISC, 63 per cent-owned by Petroliam Nasional Bhd (Petronas), injecting its FPSO businesses into Bumi Armada via a share swap.

“This could lead to Petronas ultimately owning a substantial stake in Bumi Armada, which subsequently transforms into the national oil and gas company’s FPSO division,” it said.

The research house further noted that Bumi Armada currently has 9 FPSOs compared with MISC’s 6 FPSOs.

It said that combining the two fleets would result in Bumi Armada’s 16 FPSOs leapfrogging from the 5th to 2nd largest global FPSO operator, just below BW Offshore’s 17.

“If the pricing is right, this deal could be good for both companies,” the research house said.

CIMB said the deal would ultimately be beneficial to both parties, with Bumi Armada coming into the Petronas fold and gaining access to local contract awards, while also gaining access to MISC’s strong balance sheet for future expansion.

Meanwhile, MISC may get exposure to Bumi Armada’s current FPSO portfolio, as well as pursue overseas opportunities jointly, utilising Bumi Armada’s wide network of overseas contacts.

At the current price, Bumi Armada shares may be relatively low-risk consideration for MISC as
Its share price is below its IPO price of RM1.52 and close to its all-time low.

It is also lower than its book value of RM1.28 at end-3Q15 even after substantial write-downs of its OSV carrying values.

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2016-02-23 14:59 | Report Abuse

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LATEST NEWS:

IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)

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2016-02-23 14:58 | Report Abuse

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THIS TIME IS FOR REAL !!!

SCOMI NO LONGER BELOW 20sen !!!

THOSE SHOUTING TO SELL MAY NOT HAVE ANY SCOMI STOCKS BUT TRIED TO INFLUENCE OTHERS TO SELL SO THEY CAN BUY BELOW 20sen !!!

LATEST NEWS:

IJM has been APPOINTED by MRT Co. for the MRT 2 viaduct guideways and other associated works.

(http://www.mymrt.com.my/cms/upload_files/article/article_download_000054.pdf)

CHECK BACK THE NAMES OF ALL PREVIOUS THAT TRIED TO INFLUENCE OTHERS TO SELL

REMEMBER THEM AND THEIR CREDIBILITY !!!

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2016-02-23 13:18 | Report Abuse

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RECAP:

RM2.9bn. EPCIC and FPSO contract secured by TH Heavy Engineering from JX Nippon Oil & Gas Exploration (JXN) to commence in FY16.

The FPSO leasing contract is for a fixed term of 7 years (USD372m or RM1.2bn) with 10 annual optional extensions (USD475m or RM1.47bn). The charter improves long term earnings visibility.

The contract is positive for TH Heavy as it ensures stable recurring income from FY16 onwards.

The daily charter rate works out to be RM470k/day for the fixed term

The contract includes provision of engineering, procurement, construction, installation and commissioning (EPCIC) and leasing of the floating production storage and offloading vessel, Deep Producer 1 (DP1), for the Layang Development Project, offshore Sarawak.

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2016-02-23 12:46 | Report Abuse

BUY SIGNAL !!! BUY SIGNAL !!!

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2016-02-23 12:11 | Report Abuse

ARMADA BUY SIGNAL !!! BUY SIGNAL !!!

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2016-02-23 12:11 | Report Abuse

ARMADA BUY SIGNAL !!! BUY SIGNAL !!!

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Stock: [SCOMIES]: SCOMI ENERGY SERVICES BHD

2016-02-23 12:10 | Report Abuse

ARMADA BUY SIGNAL !!! BUY SIGNAL !!!

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2016-02-23 10:49 | Report Abuse

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IJM among 5 frontrunners for RM2bil MRT 2 viaduct job. (The Star) with competitive advantage SCOMI (24.4% owned) as IJM's MRT solutions arm .

CONSTRUCTION JOBS from MRT 2 are expected TO BE AWARDED from NEXT MONTH (The Star)

Previously, Shah Hakim @ Shahzanim Zain was SCOMI’s single largest shareholder.

IJM had converted its convertible redeemable secured bonds of an aggregate nominal value of RM110mil to an equity stake.

The conversion was done at a share price of 36.5 sen, which is more than double its current share price of 15 sen.

The conversion will give IJM an IMMEDIATE 24.4% stake in the SCOMI from an earlier 7.66% .

It showed IJM's confidence in Scomi Group,

The conversion price was at a discount to Scomi Group’s latest reported book value per share of 47 sen.

IJM Corp Bhd has emerged as the single largest shareholder of SCOMI Group Bhd.

Pursuant to this transaction, Shah Hakim will see his effective direct and indirect stakes in Scomi being diluted to 18.3%.

Datuk Kamaluddin Abdullah, a major shareholder, will see his effective stake being diluted to 9% from 11.08%.

Major institutional holding funds such as Amadia Investments Ltd, TAEL One Partners Ltd and United Overseas Bank Ltd will also see each of their stakes being diluted to 7.9%, respectively.

It would be interesting to see how the company deals with its increased shareholding in the Scomi Group.

Shah Hakim and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi will have to GRAB THE SHARES OF SCOMI from open market in order to increase their stake of control in SCOMI but shareholders may not let go their shares at any price below 40 sen.

Hence, the share price of SCOMI is GOING TO SPIKE UP !!!

IJM is really very smart !!!

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2016-02-23 10:49 | Report Abuse

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