Posted by myloh123 > 2022-06-01 14:04 | Report Abuse

Push little bit , later sellers would come. No gas. Hopelesss counter.

Posted by bullmarket1628 > 2022-06-01 16:22 |

Post removed.Why?

Posted by value_seeker > 2022-06-02 08:17 | Report Abuse

Pang72 come to only uptrend stock. Not sure if he own any. For example Heng Yuan, only when up he will write but down days he disappear.

Posted by value_seeker > 2022-06-02 08:20 | Report Abuse

Now a lot stuck at Heng Yuan. Due to info on crack spread- temporary spread which might only increase spread margin. Those not smart enough will not pull out fast enough. Like glove Topglove highest at 28 or 9.3 after split and now 4 or 1.38 after split.

Posted by zeroxweng > 2022-06-02 09:26 | Report Abuse

@pang72 eyesight very sharp, he can smell opportunity and risk...

Posted by VTrade > 2022-06-02 09:41 | Report Abuse

Armada trap ppl ke…

Posted by Superb99 > 2022-06-02 15:11 | Report Abuse

erm...does not looks good, early morning sudah gap down

Posted by Superb99 > 2022-06-03 17:23 | Report Abuse

limit up...lol...closed in red la, this betul betul useless counter, good result plus oil price hike but price is so lousy

Posted by Superb99 > 2022-06-07 10:26 | Report Abuse

lousy counter, can tabao d

Posted by Arron Wei > 2022-06-07 10:46 | Report Abuse

this counter too difficult, i already sold out.

Posted by kl_guy > 2022-06-07 11:23 | Report Abuse

https://oilprice.com/Energy/Crude-Oil/Oil-Tanker-Stocks-To-Watch-As-Shipping-Rates-Soar.html

Posted by 1pingpong > 2022-06-08 10:50 | Report Abuse

patience....its bullish but the owner is taking chances to collect 0.435-0.440...they area using bot to collect at last minutes.

Posted by TimCoke > 2022-06-08 14:45 | Report Abuse

yes, today might increase position to collect at 0.44/45

Posted by TimCoke > 2022-06-08 14:46 | Report Abuse

just collect, not pump yet ya, be noted

Posted by joetay300 > 2022-06-08 15:42 | Report Abuse

WTI CRUDE OIL : 119.73
⬆️ 1.23 / 1.04%

BRENT OIL : 120.68
⬆️ 1.17 / 0.98%

ARMADA ? :-(

Posted by 1pingpong > 2022-06-08 18:51 | Report Abuse

once done collection, it will shoot pass 0.45 point and will not come back till another long time. no more 0.415..step higher and higher collection strategy.

Posted by bullmarket1628 > 2022-06-09 09:48 |

Post removed.Why?

Posted by yangkwang99 > 2022-06-09 10:25 | Report Abuse

Good for swing trading only for a quick buck! Volatility extremely high!!!
Dream! on even to get into 50 cents! Ha!!!

Posted by TimCoke > 2022-06-09 10:51 | Report Abuse

Please let us get some more at 0.44, pls...

Posted by 1pingpong > 2022-06-09 12:45 | Report Abuse

today collection is at 0.450 and 0.455. once done, will move higher.

Posted by 1pingpong > 2022-06-09 15:18 | Report Abuse

method of collection used = sudden sell off to reach a lower price and leave it till 15 minutes before closure. Once closure time is near, whoop in a long list of que to buy via automated high speed apps up to 5pm. Then u see a sudden recovery of price but you cannot do anything about it.

Posted by bullmarket1628 > 2022-06-10 06:59 | Report Abuse

Petronas ups annual capex to RM60 bil, makes first allocation for clean energy
SyafiqahSalim/theedgemarkets.com
June 09, 2022 16:20 pm +08

https://www.theedgemarkets.com/article/petronas-plans-rm60b-capex-2022-says-group-cfo

KUALA LUMPUR (June 9): Petroliam Nasional Bhd (Petronas) is allocating about RM60 billion for capital expenditure (capex) in financial year ending Dec 31, 2022 (FY22) compared with RM30.5 billion a year earlier as the Malaysian national oil company prepares for the resumption of business activities, which were earlier disrupted by Covid-19-driven movement restrictions, and as the group sets aside money for clean energy or non-hydrocarbon-related ventures.
"This year, we expect to almost double that [capex] amount which is RM60 billion, because of catch-up and the return of [business] activities. This is also the time we have to make inroads in some material steps into the non-hydrocarbon side of things," Petronas chief financial officer Liza Mustapha said on Thursday (June 9) at the MIDF Conversations event, which was held virtually.
MIDF group managing director Datuk Charon Mokhzani was the moderator for the event.
Liza said that out of Petronas' planned RM60 billion capex allocation for FY22, about RM40 billion has been earmarked for the oil and gas business besides non-hydrocarbon–related operations while the balance of the capex allocation has been earmarked to finance Petronas Chemicals Group Bhd's (PetChem) wholly-owned subsidiary Petronas Chemicals International B.V. (PCIBV) proposed acquisition of the entire stake in Sweden-based specialty chemicals group Perstorp Holding AB for €1.54 billion (about RM7.02 billion) from Financiere Foret S.A.R.L.
Petronas owns a 64.35% stake in PetChem, according to PetChem's latest annual report.
Looking ahead, Liza said non-hydrocarbon-related income is expected to account for about 30% of Petronas' revenue.
"[About] 30% of our revenue should be coming from something which is not related to hydrocarbons.
"We have to factor in [business] growth, otherwise, we will not be able to manage the energy transition and we will miss our target of achieving [net] zero [carbon] emissions by 2050," she said.
According to her, about 10% of Petronas' RM60 billion capex allocation for FY22 will be earmarked for non-traditional businesses such as specialty chemicals and solar energy.
"Previously, I think there was never a plan on what rate it should be [for the clean energy segment] because there was no allocation from the top. So, it didn't really take off.
"So, we need to rethink our decision on the capital allocation [for the clean energy segment] and put it aside, because if we leave it at that and let them go with the flow, we are going to be a year behind the target again," she said.
Petronas' financials improved in 1QFY22. In a statement on May 31, 2022, Petronas said profit after tax rose to RM23.44 billion in 1QFY22 from RM9.22 billion a year earlier while revenue climbed to RM78.75 billion from RM52.55 billion.
"Despite favourable [first quarter] performance, the high oil and gas prices are expected to remain vulnerable with increased volatility due to geopolitical and macro-economic uncertainties.
"Petronas will continue to strengthen our operational excellence to maximise value creation whilst intensifying our growth and sustainability agenda in Malaysia and internationally,” the company said.

Edited By: Chong Jin Hun

Posted by nikicheong > 2022-06-10 09:50 | Report Abuse

Bumi Armada stock price will never fail to confound me. Oil is trading at near record high levels, with supply set to be constrained for years/decades to come. More and more marginal fields are due to be developed using FPSOs going forward. The opportunities in the FPSO market are aplenty, and Bumi Armada is finally in the right place, financially-speaking, to take advantage of these opportunities. On top of that, there is a booming FLNG/FSRU and other green floating platforms market out there that Bumi Armada is also hoping to tap into. The company has cut its fat (read, the OSV vessels), reduced debt significant and can now re-gear when the need arises. Operationally, all its floating assets are sound. The performance at Kraken over the last 24 months has been admirable, given the dire situation in the 2017-2020 period. Additionally, Kraken and TGT1 are highly likely to see their contracts extended in 3 and 2 years time respectively.

I can't and won't make share price predictions, but Bumi Armada is severely undervalued at current levels. Why? I have no idea.

Posted by winmal > 2022-06-10 10:21 | Report Abuse

Nikicheong, well said, made full insight on what Armada business outlokk and looking forward more promising. indeed, share will reflect fundamental value for time to come.

Posted by alenac > 2022-06-10 11:03 | Report Abuse

Why price not moving? Simple answer: No paper chase. Only big bosses & funds start to chase then ........
Value investing is dead? Certain people said so.
nikicheong

Bumi Armada stock price will never fail to confound me. Oil is trading at near record high levels, with supply set to be constrained for years/decades to come. More and more marginal fields are due to be developed using FPSOs going forward. The opportunities in the FPSO market are aplenty, and Bumi Armada is finally in the right place, financially-speaking, to take advantage of these opportunities. On top of that, there is a booming FLNG/FSRU and other green floating platforms market out there that Bumi Armada is also hoping to tap into. The company has cut its fat (read, the OSV vessels), reduced debt significant and can now re-gear when the need arises. Operationally, all its floating assets are sound. The performance at Kraken over the last 24 months has been admirable, given the dire situation in the 2017-2020 period. Additionally, Kraken and TGT1 are highly likely to see their contracts extended in 3 and 2 years time respectively.

I can't and won't make share price predictions, but Bumi Armada is severely undervalued at current levels. Why? I have no idea.

1 hour ago

0 seconds ago

Posted by TimCoke > 2022-06-10 16:12 | Report Abuse

good price

Posted by 1pingpong > 2022-06-10 16:25 | Report Abuse

ha.. entry points 0.425. all come all come

Posted by bullmarket1628 > 2022-06-12 16:37 | Report Abuse

南详商报。财经新闻
传Icon岸外拟购沙布拉能源资产
2022年06月11日

https://www.enanyang.my/财经新闻/传icon岸外拟购沙布拉能源资产

（吉隆坡11日讯）Icon岸外（ICON，5255，主板能源股）将成为新一个沙布拉能源（SAPNRG，5218，主板能源股）的拯救者？
根据财经周刊《The Edge》报道，Icon岸外有意接手，沙布拉能源在联营的沙布拉贝克休斯（Sapura Baker Hughes TPS）手持的51%股权。

Icon岸外和沙布拉能源并未否认此收购计划。

已经陷入PN17、急需重组的沙布拉能源，在回应《The Edge》时直言：“作为重组计划，我们在重审所有资产和业务，包括沙布拉贝克休斯。”
Icon岸外则回应指，该集团一直不断找寻强化自身能力，和为所提供服务增值的机会。

“现在的财务状况，让我们有着强劲地位去追求一些有价值的并购活动。”
沙布拉贝克休斯是沙布拉能源与美国油气巨头贝克休斯，以51：49方式联营的油气服务公司，并负责为国家石油的浮动液化天然气设施提供维修服务。
报道特别称，这家联营公司是沙布拉能源“较成功的一个单位”；截至2021年1月财年，这家公司拥有超过2亿令吉资产，以及约1.58亿令吉负债，并获得3785万令吉税后净利。

Posted by bjgdila123 > 2022-06-12 21:42 | Report Abuse

armada Undervalue... undervalue...

Posted by r12047 > 2022-06-13 07:22 | Report Abuse

now says..undervalue..unvalue ....later call to sell..sell...very sick people are here

Posted by Macgyver11 > 2022-06-13 11:32 | Report Abuse

Back to square one....

Posted by Macgyver11 > 2022-06-13 11:37 | Report Abuse

Oil up Armada up 0.01c sje. Oil drop Armada drop 0.04c...mcm mana ni

Posted by Superb99 > 2022-06-13 15:05 | Report Abuse

really a lousy counter, all these highly geared companies are seriously impacted by interest rate hike

Posted by nikicheong > 2022-06-13 17:57 | Report Abuse

Added at RM0.41

Posted by CHLEONG888 > 2022-06-13 22:15 | Report Abuse

Nowadays, it is better to adopt touch and go strategy in klse

Posted by yangkwang99 > 2022-06-14 13:40 | Report Abuse

Get out while u can!
Tsunami soon!

Posted by strattegist > 2022-06-14 16:38 |

Post removed.Why?

Posted by 1pingpong > 2022-06-15 14:13 | Report Abuse

opportunity opportunity...attackkkk

Posted by Macgyver11 > 2022-06-15 15:23 | Report Abuse

Aiyoo pochii!

Posted by nikicheong > 2022-06-16 13:01 | Report Abuse

At least four specialists in the floating production, storage and offloading vessel industry are hoping to qualify for the bidders’ list for Harbour Energy’s Tuna FPSO opportunity in Indonesia’s Natuna Sea.

A turret-moored FPSO is part of the basecase development concept for the project, along with an offshore wellhead platform hosting the production wells.

There are at least four FPSO contractors which are in the running to be selected for Harbour’s bidders’ list for the FPSO including Bumi Armada, BW Offshore, HBA Offshore and Yinson Holdings, and possibly others, according to market sources.

Bumi Armada and BW Offshore both have experience in Indonesia as they have provided FPSOs there in the past.

It is understood that pre-qualification documents have been submitted to Harbour, and the UK-based operator will assess those documents prior to deciding which companies will bid for the lucrative FPSO contract.

Leased FPSOs contracts are typically multi-year charter agreements with the possible addition of an operations and maintenance arrangement.

Market sources said the potential Tuna bidders are offering either existing FPSOs that would be upgraded or conversion solutions whereby a tanker is converted into an FPSO.

The turret mooring system, which holds the FPSO in position and acts as a conduit for the oil and gas production, will be provided by a specialist contractor.

Companies with a track record in Asia including Bluewater, London Marine Consultants and Sofec are understood to be in contention for the Tuna turret mooring contract, said sources.

The Tuna block hosts at least two discoveries — Kuda Laut and Singa Laut — in water depths of up to 120 metres.

The block contains more than 100 million barrels of oil equivalent on a gross basis of which 55% is gas and 45% is liquids.

Harbour recently said it aims to submit an initial field development plan to the Indonesia authorities later this year.

Front-end engineering and design will then get under way, at which point the FPSO contracting, and other contracting processes, are likely to pick up pace.

Harbour said in its March 2022 results that the final investment decision is targeted in 2023.

Harbour also said first production from Tuna would be possible three years after the final investment decision at an initial rate of between 40,000 and 50,000 barrels of oil equivalent per day.

The Tuna production sharing contract is located in the Natuna Sea off northern Indonesia close to Vietnam’s maritime boundary. The plan for the produced gas is to supply Vietnam via a subsea pipeline.

Harbour’s early technical and commercial work has showed that capital expenditure and operating expenditure based on a leased FPSO would be between $20 and $22 per boe. The project will have a breakeven cost of $25 per boe.

Pre-FEED work has been completed by Indonesia’s Synergy Engineering.

Harbour’s 50:50 joint venture partner in the Tuna PSC is Russia’s Zarubezhneft and, in March, Harbour said it was looking at its options regarding Zarubezhneft’s participation depending on how the Russian invasion of Ukraine developed.

Harbour also said at the time the Russian company was paying its bills and the pair were working together on the plan of development.

There has been no substantial change in the situation since then, according to well-placed market sources, with Zarubezhneft still a 50% supportive partner in the project.

Following the drilling of two appraisal wells on the Tuna project in late 2021, Sergey Kudryashov, general director of the Zarubezhneft Group, said Zarubezhneft had been the first Russian oil company to receive support from the Indonesian government in offshore development.

https://www.upstreamonline.com/exclusive/fpso-contractors-angling-for-indonesian-project/2-1-1238466

Posted by bullmarket1628 > 2022-06-16 15:34 | Report Abuse

Sailang now all my belongings till under wear to buy in Armada at @0.415

Heng ah, Ong ah, Huat ah !

Posted by Macgyver11 > 2022-06-16 17:16 | Report Abuse

LOOKING at the top 100 Bursa Malaysia-listed companies by market capitalisation, excluding banks, there were more companies that saw a decline in their net cash position or an increase in debt over the past year, compared with those that saw an improvement.

According to Bloomberg data, 52 companies saw a decline in their cash position between the end of the first quarter of 2021 and the end of the first quarter of 2022 — a comparison between conditions at the peak of the pandemic last year and as the country transitions to endemicity.

Tenaga Nasional Bhd saw the biggest deterioration in its cash position among the 52 decliners, with a RM17.5 billion increase in its net debt level to RM79.59 billion from RM62.08 billion.

Notably, property developers were also among the top decliners, led by IOI Properties Group Bhd, which recorded a RM4.88 billion increase in net debt, followed by Kuala Lumpur Kepong Bhd (RM4.34 billion increase in net debt) and Batu Kawan Bhd (RM4.2 billion increase in net debt).

Three of the big four rubber glove makers saw dips in their cash position.

Top Glove Corp Bhd saw its net cash position drop 78% from RM4.04 billion at the end of its first quarter of 2021 to RM879.7 million a year later, while Supermax Corp Bhd’s net cash level fell 25% to RM2.76 billion from RM3.68 billion. Hartalega Holdings Bhd’s net cash position saw a more moderate decline than that of its peers, down 8% to RM2.13 billion from RM2.32 billion.

Kossan Rubber Industries Bhd was the sole glove manufacturer among the big four to report a higher net cash position at RM2.33 billion, from RM753 million a year earlier.

Other notable companies among the top decliners include Axiata Group Bhd (net debt position increased RM2.64 billion), Genting Bhd (net debt position up RM2.57 billion), Malayan Cement Bhd (net debt position increased RM2.52 billion) and Capital A Bhd (net debt position up RM2.41 billion).

At the other end of the spectrum, Petronas Chemicals Group Bhd saw the largest improvement in its net cash position by value, rising RM2.4 billion year on year (y-o-y) to RM12.52 billion.

Other oil and gas players saw better debt positions. Bumi Armada Bhd reported a RM1.41 billion decline in net debt, UMW Holdings Bhd saw a RM404.5 million increase in its net cash position to RM988.2 million and Dagang NeXchange Bhd posted a RM398.9 million increase to its net cash level to RM422.8 million.

Semiconductor group Inari Amertron also reported a higher net cash of RM2.33 billion from RM753.6 million. Technology peer Greatech Technology Bhd saw its net cash grow 74% y-o-y, while D&O Green Technologies went into a net cash position of RM19.5 million, from net debt a year earlier.

Planters generally saw improvements in their debt levels, including Genting Plantations Bhd (net debt down RM955 million), Sime Darby Plantation Bhd (net debt lower at RM763 million) and Sarawak Oil Palms Bhd (now in a net cash position of RM382.2 million from a net debt of RM178.2 million).

Several telecommunications companies also saw improvements in their net debt levels over the past year, including Telekom Malaysia (net debt level down RM556.9 million) and Digi.Com Bhd (net debt level declined to RM307.6 million)

Posted by Macgyver11 > 2022-06-18 20:58 | Report Abuse

What happen to their woodside Appeal court case against the supreme court decision?
Can anyone update....

Posted by Macgyver11 > 2022-06-20 09:39 | Report Abuse

Mampusss! Ni mcm

Posted by PKRPACA > 2022-06-20 11:59 | Report Abuse

This not serba or sapng yes

Posted by fusing79 > 2022-06-20 12:14 | Report Abuse

continue sell down

Posted by bullmarket1628 > 2022-06-20 12:56 | Report Abuse

Top up more Armada at @0.39

Heng ah, Ong ah, Huat ah !

Posted by chankahmun77 > 2022-06-20 20:48 | Report Abuse

Ha Ha bullmarket 1628, I thought you already Sailang? Hope you are not selling your underwear to go all in. :)

Posted by bullmarket1628 > 2022-06-21 06:24 |

Post removed.Why?

Posted by Mabel > 2022-06-21 10:25 | Report Abuse

More catalyst cumming...

President Biden said on Monday that he was considering seeking a gas tax holiday to ease high fuel prices, a major political dilemma for the White House as it struggles to address record inflation.

Meow Meow Meow