Posted by beso > 2014-12-02 12:54 | Report Abuse

cut loss liao lah

Posted by AhMoi > 2014-12-02 13:39 | Report Abuse

O.....ther are more high cost producers than expected

Staring at certain death if they dont stop... without having to really set sight on the coffin. .. these high cost producers will promtly stop...

And, the meaningful 4 millions bpd reduction will be achieved in no time.. and oil prices will go back up again.. and joys to the O&G world



Furthermore, the USA is gonna bomb the IS very soon... half a million bpd reduction there

Posted by AhMoi > 2014-12-02 13:58 | Report Abuse

Buy Armada.. Bumi Armada

Posted by AhMoi > 2014-12-02 14:00 | Report Abuse

The fair TP of Bumi Armada is actually RM 1.77....


Of all the IBs TP, I trust PBB's TP at 1.77 the most because its "TP of RM1.77 is derived from our DCF approach"



To use DCF approach, the future cashflows must be pretty certain, and this certainty is assured by the very firm long-term contracts, typically 8-10 years, and substantially fixed price contracts that Armada entered into with its customers.





Outperform recommendation with TP of RM1.77 is derived from our DCF approach,


BAB is well positioned to continue reaping strong cashflows from their existing portfolio



.... we are maintaining our Outperform recommendation with TP of RM1.77 is derived from our DCF approach, implying a FY15F fwd-P/E of 15.5x. We remain positive on BAB, considering its major FPSO business to be less affected by oil price from its firm long-term contracts, secured with orderbook backlog of RM21.8bn coupled with additional RM11.8bn optional extension to reaffirm earnings. Whilst the broader market is plagued by softening oil price thus potential slowdown of E&P capital expenditures, we believe BAB is well positioned to continue reaping strong cashflows from their existing portfolio amid bidding for ongoing FPSO projects.

Posted by GoldenShares > 2014-12-02 14:54 | Report Abuse

yes, look like Bumi Armada more attractive, dialog also not bad

Posted by AhMoi > 2014-12-02 15:16 | Report Abuse

Ya... Buy Armada.. Bumi Armada

Posted by 1007lsl > 2014-12-02 22:39 | Report Abuse

Bumi Armada BOLEH
hantam kuat-kuat
hantam 96...96 !!! loh

Posted by CAF-POW > 2014-12-04 09:54 | Report Abuse

Just my thoughts.....still early days, oil price has not stabilized yet/not found the bottom yet, weak holders, foreigners have not finish dumping...