Catching a falling knife 😫

Betting odds now for halftime :
+ 1 ball, + 1.5 ball

Okay, Holland 1 - Malaysia 0.
Monday betting odds Holland give back half ball to Malaysia.

I am one of the faithful fansi (the buy to hold type), market as a whole not going anywhere & BA looks like a safe counter imho

The same analyst? The one who gave a TP of 19 sens when BA was trading at 27 sens back in November 2020.

Look at the historical chart of BA at that time and have your thoughts.

https://www.shareinvestor.com.my/bc/downloads/uob_kayhian/BUMI_ARMADA_BERHAD(5210).pdf

something-burger for breakfast

Today is yellow or green, possible lah, if not then eat pisang goreng lor

Like trying to book a grab driver during rush hour (so many drivers in the vicinity but none seems to pick up the ride)

590 still a good buy, possible breakout in play

585 still a good buy

Maybe investors are finally realising the mismatch between current BA price and Brent

AI project in the pipeline? 🤔

6. BA springs a surprise announcement with venture into AI and data centre business ..... limit up to blue sky?

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)

huat ah, heng ah, ong lai liao la .... maybe this is the real catalyst needed to push BA's price up to the next level where all else seems to fail.

Noted with many thanks @ Robert

I am just a very small RM 10k stakeholder and trying to piece together what i know of BAB's at the moment, is the below correct? (feel free to point out any mistake made hereinafter, thanks)

1. Sterling V, awaiting 72 hour testing in June 2024 for final acceptance. Thereafter, full charter rate starts in 3rd Qtr (vs current standby rate). Delay is due to piping issue on seabed (McDermott is fixing it?) and coz of the inclusion of gas hence some of last year's o/s payment is in the mix.

2. ⁠TGT, finishing firm period in Nov 2024, client likely to extend lease to 2026 to drill more wells in TGT field, talks ongoing and client is negotiating in tandem with PSC extension.

3. Olombendo, successfully negotiated higher O&M rates last year arising from escalating operating cost.

4. ⁠Kraken, planning is underway ahead of planned return to drilling during 2025, with joint venture approval granted to order select long lead equipment required to facilitate the two-well sidetrack programme (per Enquest).

5. First foray into upsteam exploration & production in Akia block North Kalimantan. A 51:49 JV with Pexco having already secured the contract with Indonesian Authorities, however, still in seismic stage and therefore premature to factor anything in.

6. Leading contender for USD 1 billion EPCC contract FPSO Cameia.

7. ⁠Potential USD 2 bil projects to bid between 2024-2026 for SC vessels, in particular in tge Kazakhstan region (the CEO is flying there this month end?)

Like clockwork, by 10am the smallish selldown exercise begins and then tapers off

At AllsVanity, you have to either wait for more drop or until 1.00 then all the trolls will come out to say how clever they are but it looks like myeg is holding on, so you may have to continue asking if anybody is out there?

Yinson at 1 year's price low and falling, I wonder if BAB is attempting the same feat 🤦‍♂️

Don't get me wrong Niki, I absolutely love reading the constructive arguments and points put forth by many in here. In my view, this is still a good value company despite the slowness of it all.

This forum is beginning to feel like a university study group doing a thesis on BAB. Anyway, once price goes up, which it will eventually, we'll all get A+ for our assignments (money made thereafter is merely a coincidence)

Not forgetting old Brent at 83.5 translates to TP of the same value.

Should be a tall green candlestick (the very least if not for anything else, to play catch up to the rest of the market counters?)

nibble at the stocks and buy to hold (next qtrly results are coming soon, hopefully good, all at own risk though)

thanks for sharing the news @ hng33

Buying into a company, IMO, is never about nta, no use to have nta rm5 but declining growth. It is always about a company's growth prospects, increasing profitability and dividends

Myeg is flagship E-Government Solutions Provider, of late KSWP and KWAP are net collecting on daily basis, quarterly profits are increasing, growth is not speculative but real in terms of zetrix potentiality, dividend constantly paid every year, so....ownself weight the pro and con in investing in klse (risk and return)

When a good value growth stock don't go up in price so many people complain, then when it finally seems to move up people start to wonder why.

TASI Tadawul Saudi market index which reopened today on Sunday after the long Eid holidays was rather muted (dived down at the opening hour but had clawed back almost all points towards the closing)

Re-rating is imminient in light of the continued uptick (catalyst) in Brent Oil price. This is further traceable to & explained (in layman's term) as an inevitable increase on the extrinsic and holistic value of the Sum of Parts attached to each vessel. To 90 sens then shall we speculate is the next TP?

Looks like construction stocks on downtrend / pullback? Should wait for lower price to enter, 50sens?

Yes, Robert, life is suppose to be simple, and that triangle drawing (VIU vs NBV) with yellow shades confuses my simple mind i.e. can't make any sense of it. Anyway, cash is king and BA's cash flows looks solid so we continue to wait and see

As long as there is no impairment on Brent Oil price at USD 80 per barrel, BA should theoretically head on to 80 sens TP.

nice rebound, hopefully fade back most of yesterday's knee-jerk reaction

thanks niki 👍

what time do they normally post BA's results? after 5pm?

Buyers in control of price action, Brent Oil TP 85 sens therefore BA shall follow suit

all heaven breaking loose now

Price is moving up towards Brent Oil's current price?

collect slowly and sleep soundly while waiting for O&G play, hopefully it is not a value trap counter. Just need some news to spark a rush up (hopefully not a rush down).

This is called "cut loss" triggered (not "profit taking") pray for rebound

47 sens is the next last line of defence, if it close today or tomorrow below this level, then it become "Bearish Engulfing" candlestick (uptrend reversal) ..... hopefully not 🙏

Don't fall in love with the stock and hold forever, this is not your girlfriend or wife

Run out the window first then buy back later again, if miss your desired price, never mind, play the next level of support and resistance (this one own self learn lah), target make few rounds 1-2 sens each time (hopefully without kena too many stop losses) if Warren Buffet is a Malaysian he where got buy 40 sens then waiting to sell at 70 sens?

If 44.5sens become seller, very fast drop later. Year end clear position.

automatic extension of one month from end Aug due to mco, so by this month end qtr report should be out

Outsider buying ....

Just need to sign an MOU, shake hand in front of cameramen for press release and of course bursa filing....the share price will go up double triple within T+3