Posted by 1pingpong > 2022-05-18 22:09 | Report Abuse

Bullish Harami suda mali, maybe one more test, then to the moon

Posted by CHLEONG888 > 2022-05-20 07:54 | Report Abuse

Qqqqq, what good news are? ????

Posted by yangkwang99 > 2022-05-20 13:00 | Report Abuse

Ding dong counter!

Posted by abcd11111 > 2022-05-20 15:05 |

Post removed.Why?

Posted by yangkwang99 > 2022-05-20 15:22 | Report Abuse

Likely to close at dong 0.425 or dong dong 0.43 a big deal! If not lucky might ding to 0.42 ha!!!

Posted by nikicheong > 2022-05-20 15:30 | Report Abuse

https://media-exp1.licdn.com/dms/image/C4E22AQE6YR2gz-Shgg/feedshare-shrink_1280/0/1652419874641?e=1655942400&v=beta&t=if2nSj2p858DoBIy153Edd6jWf1UI0v6_tgdLDgf6oI

Massive new FPSO project incoming. Bumi Armada is looking to fill in over 50 positions supporting this project.

Announcement to Bursa Malaysia should be due within the next days/weeks.

Posted by bullmarket1628 > 2022-05-22 08:29 | Report Abuse

Report: MoF Inc eyeing financial support for Sapura Energy 
Saturday, 21 May 2022 7:20 PM MYT
By John Bunyan

https://www.malaymail.com/amp/news/malaysia/2022/05/21/report-mof-inc-eyeing-financial-support-for-sapura-energy/8076

KUALA LUMPUR, May 21 — The Minister of Finance (Incorporated) MoF Inc may provide financial assistance to ailing oil-and-gas giant Sapura Energy Bhd, according to sources.

Sources familiar with developments at the wholly-owned Finance Ministry unit told The Edge that the intervention would be made under MoF (Inc) Act, which empowered the finance minister to enter into business transactions for social and strategic purposes.

"From what I know it is MoF Inc that will step up (lend a helping hand to Sapura Energy. What is discussed at present is some sort of assistance package...it could be a grant of some sort and it could be announced soon," one source was quoted as saying in the latest edition of The Edge.

It also said Finance Minister Tengku Datuk Seri Zafrul Aziz has been working on the proposal for several weeks......

Posted by bullmarket1628 > 2022-05-22 08:46 | Report Abuse

财经新闻
财政部机构出手救沙布拉能源?
2022年05月21日
https://www.enanyang.my/财经新闻/财政部机构出手救沙布拉能源

（吉隆坡21日讯）财政部机构将出手救助陷入财困的沙布拉能源（SAPNRG，5218，主板能源股）？
财经周刊《The Edge》引述消息人士透露，政府如今打算透过直接隶属于财政部的财政部机构（MoF Inc），援助这家深陷困境的油气服务供应商。

“据我所知，站出来的将是财政部机构。目前正在讨论的是某些援助方案……可能是某种形式的赠款，预料很快会宣布。”

报道也指出，财政部长东姑扎夫鲁早在数周前，就着手拯救沙布拉能源的计划，但政府透过哪家官联机构出手却一直是个疑问。
财政部机构是在1957年财政部机构法令下设立的官联机构，主要目的是投资在私人界缺乏兴趣的社会服务领域。

国家石油（Petronas）、国库控股（Khazanah），以及一马发展公司和负责拯救朝圣基金局的Urusharta Jamaah私人有限公司等，都隶属于财政部机构。
前首相拿督斯里纳吉建议由国家石油出手相救，但市场观察员认为，作为沙布拉能源的客户，国油收购其承包商并非好主意。
而沙布拉能源的最大股东国民投资机构（PNB），在重压下料也不敢贸然伸出援手。

2018年沙布拉能源发行附加股筹资40亿令吉时，国民投资机构豪掷接近27亿令吉，购入大量未被认购的附加股，让手中持股从原本的12.6%，大增至接近40%。
然而，这笔无法为单位基金持有人带来收益的投资，已经引发投资者的不满。
曾经是全球第二大油气服务供应商的沙布拉能源，1月杪的短期债务已经飙高至106.6亿令吉，其严峻的财务危机，已经引发政商界的高度关注。

Posted by Macgyver11 > 2022-05-22 11:02 | Report Abuse

Qtr + another new project announcement anytime around this week, Get ready....

Posted by nikicheong > 2022-05-23 11:40 | Report Abuse

Quarter report out on Wednesday. Expecting a record quarter.

Posted by malpac63 > 2022-05-23 13:05 | Report Abuse

Niki, is it confirmed Wednesday for QR and lunch time release again?

Posted by nikicheong > 2022-05-23 14:57 | Report Abuse

Should be lunch time release as the AGM is at 3.30pm.

Posted by nikicheong > 2022-05-23 15:32 | Report Abuse

Promising updates on the FPSO performance/production with two clients:

1) Armada Kraken at the Kraken field operated by Enquest

During the first four months of 2022, average gross production was 28,173 Boepd. The floating, production, storage and offloading vessel continues to deliver top quartile performance, with production efficiency of 92% and water injection efficiency of 94%.

https://www.enquest.com/media/press-releases/article/operations-update-13

2) Armada TGT at the TGT field join-operated by Pharos Energy

Production from the TGT and CNV fields net to the Group’s working interest averaged 5,900 boepd from 1 January to 30 April 2022. The Group’s Vietnam production guidance for 2022 remains unchanged from the Preliminary Results announcement on 16 March 2022 at 5,000-6,000 boepd.

In the period, production from TGT averaged 15,229 boepd gross and 4,518 boepd net to Pharos. CNV production averaged 5,527 boepd gross and 1,382 boepd net to Pharos.

On Block 16-1 – TGT Field, two additional development wells are planned to be drilled in H2 2022.

https://www.pharos.energy/investors/press-releases/2022-agm-trading-and-operations-update/

Posted by nikicheong > 2022-05-23 15:37 | Report Abuse

1) For Armada Kraken, this is amazing news. It means that more and more "credits" will be paid to Bumi Armada for the FPSO's uptime/performance/efficiency, resulting in higher profits. Production thus far has exceeded the top end of Enquest's production guidance for Year 2022. However, take note that there will be a long (2 weeks minimum) shutdown in Q3 2022, so expect profits to take a hit then.

2) For Armada TGT, this is great news. They fixed the gas compressor issue back in January 2022, and production this year has exceeded production last year due to the 4 new wells coming on stream. There are a further 2 wells to be drilled in Year 2022, so production will be further bolstered by that. The extension period ends in Year 2024, however it's pretty much a given that the FPSO will get a further extension from the client as the field has continued to produce well with minimal issues. Current production is at slightly above 15,000 bopd, so that's a really good sign that the client will extend the FPSO charter. The field license runs until 2029 (recently extended), so we can expect another 5 years of extension beyond 2024.

Posted by nikicheong > 2022-05-23 15:41 | Report Abuse

Further good news (must ask question during AGM):

EnQuest continues to work with its partners towards development of a Bressay field development plan (‘FDP’) throughout 2022.

If Bressey is developed using Kraken FPSO (which is the most likely solution), even more profits for Bumi Armada as it will use its existing asset for two fields. In fact, there is even a chance of a third field being developed using Kraken FPSO (Bentley), but that is still a couple years away from the field development plan being confirmed.

Posted by malpac63 > 2022-05-23 17:31 | Report Abuse

Niki, thanks for sharing.

Posted by OrlandoOilSemiconIoT > 2022-05-23 18:21 | Report Abuse

Price still low

Still in the fog if Armada is affected by the sanctions on Russia??

To seek clarification (assurance)
during AGM

Posted by HuatlaiOnglai > 2022-05-24 08:57 | Report Abuse

Thanks Niki. Let’s hope they continue to drive down their debt and strenghten their balance sheet

Posted by nikicheong > 2022-05-24 14:25 | Report Abuse

Expecting core net profit of ~RM180mil at least. Maybe even between RM200mil - RM250mil, as the OSV segment has been pretty much disposed. FPSO performance in Q1 2022 has been exceptional, and there was no OPEX this quarter, so there is some possibility that core net profit could reach up to RM250mil.

Posted by Ninja _07 > 2022-05-24 15:56 | Report Abuse

You're right Niki... On top of that, they would have made profit with the higher oil price

Posted by abcd11111 > 2022-05-24 17:16 |

Post removed.Why?

Posted by Mabel > 2022-05-25 00:12 | Report Abuse

55 sen cumming..

Posted by qqqqq111111111 > 2022-05-25 10:03 | Report Abuse

Very good QR coming soonnnnnnnnn buy buy buy 58c coming

Posted by nikicheong > 2022-05-25 12:56 | Report Abuse

Total core net profit of ~RM178mil.

On the whole, at first glance, the results are solid. This stock needs to be re-rated higher. I wonder why the market keeps discounting it.

Posted by Ledangking > 2022-05-25 12:59 | Report Abuse

Result just out. Debt and cash are reducing. Can someone attending AGM ask how likely the cash call for upcoming project

Posted by HuatlaiOnglai > 2022-05-25 13:10 | Report Abuse

Ongratz BA! Record profit!

Posted by Thirai Thiraviam > 2022-05-25 13:16 | Report Abuse

Yet another solid quarter. If Armada were priced like Yinson -- at PER of 15 -- it would be selling at RM1.52 and not at RM0.42. Although the company's financial strength remains a concern, it is a much smaller one now than it was six years ago. Over the last six years, Armada has continuously slashed its debt level, essentially halving it. And, I also see the NAPS increasing by almost 25% in the last two years.

That said, the only issue, as I see it, is the lack of, if not negative, growth in revenue. Hopefully, the management would tell us later today how it plans to increase revenue and ROIC, which is hovering around 7%.

Posted by abcd11111 > 2022-05-25 13:25 | Report Abuse

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3261497

Posted by nikicheong > 2022-05-25 13:26 | Report Abuse

Time Series Analysis - https://i.ibb.co/5nmdWmw/armada-22-Q1-tsa.png

Table - https://i.ibb.co/1Gph9qf/armada-22-Q1-debtanalysis.png

Posted by OrlandoOilSemiconIoT > 2022-05-25 14:00 | Report Abuse

Good job

But price does not tally with EPS....

Posted by OrlandoOilSemiconIoT > 2022-05-25 14:03 | Report Abuse

Putin discount??

Posted by bullmarket1628 > 2022-05-25 14:16 |

Post removed.Why?

Posted by bullmarket1628 > 2022-05-25 14:18 | Report Abuse

Quarterly rpt on consolidated results for the financial period ended 31 Mar 2022
Bump Armada Berhad

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3261497

1)Revenue 529,007,000
2)Profit/(loss)
before tax 191,688,000
3)Profit/(loss)
for the period 186,280,000
4) Basic earnings/(loss)
per share (Subunit) 3.14
5)NTA 0.72

Date Announced: 25 May 2022

Posted by bullmarket1628 > 2022-05-25 14:20 | Report Abuse

Armada making profits of nearly 200 million ringgit !
Good job !

Posted by abcd11111 > 2022-05-25 14:24 | Report Abuse

Today BOOM BOOM BOOM BOOM

Posted by sailang_now > 2022-05-25 14:27 | Report Abuse

Hello...tut tut

Posted by bullmarket1628 > 2022-05-25 14:27 | Report Abuse

Like that afternoon session Armada going to limit up already liao lah !
Afternoon session, Armada probably will be opened at=> 0.55 (+0.13) (+31 %)
and closed at=> 0.72 (+0.30) (+71.4 %)

Heng ah, Ong ah, Huat ah !

Posted by nikicheong > 2022-05-25 14:34 | Report Abuse

@Thirai, Bumi Armada does NOT recognise JV share of revenue as its revenue, this only comes in under the share of profit from JV/associates.

As such, the two new upcoming projects that should started contributing to earnings in the next 12 months, will not contribute to revenue.

Also, now that the debt levels are at a fairly secure level, Bumi Armada has the capacity to start taking on more debt to finance new projects. I am positive of a large, new FPSO contract within the next few months.

Posted by zhm540 > 2022-05-25 14:36 | Report Abuse

profit up but no announcement of dividend?

Posted by zonefinder > 2022-05-25 14:43 | Report Abuse

Don't expect dividends as long as Bumi still has a long debt overhang. Keys for the share price to shoot up are earnings growth, loans paydown and new FPSO projects..

Posted by Thirai Thiraviam > 2022-05-25 14:53 | Report Abuse

@Nikicheong - May I know under what heading is this JV income reflected in the recent financial statements? I looked at both the income and cash statements and I couldn't locate it.

Posted by nikicheong > 2022-05-25 15:00 | Report Abuse

It falls under "Share of results of joint ventures and associates". There is no revenue contribution per say, just a direct profit contribution to the Statement of Income.

Posted by winmal > 2022-05-25 15:35 | Report Abuse

disappointing now market like gambling ... just trade instead of invest

Posted by zonefinder > 2022-05-25 16:29 | Report Abuse

I've not attended/attending the AGM but what is the outlook on coming projects/jobs?

Posted by nikicheong > 2022-05-25 16:30 | Report Abuse

Compared to last year, noticeable shift in attitude. Very upfront that this year there will be growth, both in company's primary sector, FPSO, and also in the new green sectors (carbon capture, FLNG, FSRU etc). Bidding between 1 to 10 projects.

Posted by zonefinder > 2022-05-25 16:38 | Report Abuse

Reckon that this counter needs a catalyst ie a major project announcement, to blow the resistance off the current share price. Their optimism is good..Thanks Niki for update.

Posted by zonefinder > 2022-05-25 16:40 | Report Abuse

The debt/equity ratio looking to crack 1 within next 2 quarters..

Posted by zonefinder > 2022-05-25 16:42 | Report Abuse

Expect at least 1 analyst will have a target price above rm 1 by tonight

Posted by nikicheong > 2022-05-25 16:53 | Report Abuse

No rights issue planned right now, but if a new contract is secured and the funding requires it, it will be done.

Posted by Ledangking > 2022-05-25 16:54 | Report Abuse

Thanks Niki