Posted by bullmarket1628 > 2022-08-30 09:35 |

Post removed.Why?

Posted by Robert Waters > 2022-08-30 14:54 | Report Abuse

Nobody interested in the project behind the paywall ?
I think that is the one...
Potential Cameia FPSO project win, but may entail rights issue
BAB is bidding for TotalEnergies’ Cameia FPSO project in Angola. If BAB wins the c.US$1.8bn capex project in 2H22F, BAB may need to fork out equity of c.US$90m and undertake a c.RM500m rights issue, in our estimate, assuming that
1) BAB takes a 50% stake in the project;
2) TotalEnergies funds 42% of the capex; and
3) debt funding is 48% of the capex.
Tight FPSO contractor capacities globally suggest that day rates and IRRs may be strong, and we would be positive if BAB wins the project. However, the downside risk is that the rights issue may be negative for its share price in the immediate term.

x

Posted by KimSua > 2022-09-01 08:52 | Report Abuse

High oil price will be here to stay again since the last oil bull run in 2014 . PE ratio at >5 and BAB management has been more prudent with so many issues the last 5 years . KLSE always has a good run during high oil price. BAB one of the best bet.

Posted by bullmarket1628 > 2022-09-01 14:52 | Report Abuse

Nowaday our KLSE quite weird…
Why the outstanding profitable company like Armada with hugh positive QR but it’s share price can keep dropping ?

And other making loses companies their share price can keep goes up to record high ?

Really don’t understand ???

Posted by hng33 > 2022-09-01 16:12 | Report Abuse

Sold armanda at 40sen, locked profit.

Posted by hng33 > 2022-09-01 16:13 | Report Abuse

Bad sentiment in oil market

Posted by hng33 > 2022-09-01 16:14 | Report Abuse

Will buyback on further weakness, to build back position later before Q3 result

Posted by bullmarket1628 > 2022-09-01 17:13 | Report Abuse

Today profit taking…
But still managed to closed at @0.405 just dropped one cent nia…

Tommorrow on-wards will start uptrend till it’s price break above @0.60 !

Heng ah, Ong ah, Huat ah !

Posted by RISK8888 > 2022-09-01 20:27 | Report Abuse

operator pressing, not allow to go up yet.

Posted by KimSua > 2022-09-02 08:15 | Report Abuse

https://www.worldoil.com/magazine/2021/august-2021/special-focus/offshore-energy-will-power-the-world-2021-2040-fpso-forecast

Be patience, find a good entry point . Should see qtr to qtr good news and make it easier to trade on a uptrend

Posted by Robert Waters > 2022-09-02 16:32 | Report Abuse

Quite a large net short position. 33 mln.
Many trapped people waiting for it to drop.

5210 ARMADA BUMI ARMADA BERHAD 33,379,000 0.56

Posted by henry888 > 2022-09-02 18:00 | Report Abuse

"Petronas' solid first-half results to spur upstream O&G players
NST Thu, Sep 01, 2022 10:09am - Yesterday "
"RHB Research maintained its "Overweight" call on the O&G industry, with Yinson, Bumi Armada and Coastal Contracts as its top picks."

Posted by henry888 > 2022-09-03 07:45 | Report Abuse

Limit up not possible as NOSH is 5918 millions coupled with shorty (RSS) . Another 10 or 20 cents up in a short time would be quite happy already.

Posted by CHLEONG888 > 2022-09-05 07:40 | Report Abuse

Bullmarket likes to bullshit, everyday limit up

Posted by bullmarket1628 > 2022-09-05 14:39 |

Post removed.Why?

Posted by henry888 > 2022-09-05 15:55 | Report Abuse

Turtle stock, oil spike, no effect...

Posted by henry888 > 2022-09-05 16:53 | Report Abuse

heh heh, negative... no more invest of stock with high Nosh and RSS..

Posted by bullmarket1628 > 2022-09-05 17:11 | Report Abuse

heh heh, heh, Oil super damn hot man…
right now already spike up +USD2.46

Tommorrow early morning waiting for my latest Oil price report ya guys !

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-05 17:39 | Report Abuse

And please remember ya, Oil price will keep on stay at high Oil price level of USD$90 to USD$120 for for at least another 10 years time & Armada is continously non-stop making at least hugh profits of 200 over million ringgit every quarter !
Well done Armada !

Heng ah, Ong ah, Huat ah !

Posted by henry888 > 2022-09-05 17:51 | Report Abuse

Hot no use, counter controlled by operator and RSS unless you are one of them... Just like Topglove ....

Posted by Macgyver11 > 2022-09-05 17:54 | Report Abuse

9 consecutive qtr profitable also lingering at 0.40c...talking about huge profit..betui ke!!

Posted by bullmarket1628 > 2022-09-05 18:00 | Report Abuse

i remembered when Oil price dropped till below USD$20 per barrel few years ago, Armada’s price still stand above 70 cents…

But right now oil price was stable at above USD$90 to USD$120 per barrel and every quarter with making at least 200 over million ringgit, but Armada’s price still stay put at the price of around 40 cents, really not make sense right ?

Actually based of current high oil price and making at least 200 over million ringgit every quarter, Armada’s fair value should at least
above RM1.00 already !

Heng ah, Ong ah, Huat ah !

Posted by henry888 > 2022-09-05 18:04 | Report Abuse

That is why kaki like you is good for RSS to make profit just like Topglove when even one Bank said could hit RM40.00... That is how RSS make profit and they must have consensus with operator...

Posted by bullmarket1628 > 2022-09-05 18:23 | Report Abuse

Topglove at RM40.00 of course i won’t encourage you all to buy already lor !
Coz it’s high price if u really go and sailang at RM40.00 that time, surely u now will need to “Run Road” already !
And RSS people surely will call u a “Water Fish” and they will lough all the way to the bank !

But now Armada’s price is at around 40 cents is different story !
With oil price will stay at high price of around USD$90 to USD$120 for at least another 10 years time and Armada with it’s super outstanding QR, making hugh profits of over 200 million ringgits every quarter, What RSS can do with such low price of 40 cents ?

If now Armada price is around RM4.00 , then you say RSS can make hugh profits by do short on Armada then i agree with you lah !

Am i right henry ?

if you still not agree with what i’m saying, then i believe that u r one of the member of RSS or u r hired by RSS to scared people to sell all i3 member holdings on Armada here already !

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-05 18:31 | Report Abuse

henry888, we all i3 members here won’t sell a single of our holding of Armada shares for it’s share price less than RM1.00

If u really wanted to collect cheap from us, then u push it’s share price to above RM1.00
then we sell it to u !
Ok?

Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-06 10:01 |

Post removed.Why?

Posted by bullmarket1628 > 2022-09-06 11:08 |

Post removed.Why?

Posted by nikicheong > 2022-09-06 11:47 | Report Abuse

Anyone have UOB Kay Hian research report on Bumi Armada? Appreciate if you could kindly share, thanks!

Posted by bjgdila123 > 2022-09-06 12:46 | Report Abuse

sapu sudah 1 lori , skrg mau tunggu RM1.00 hooi

Posted by Robert Waters > 2022-09-06 15:00 | Report Abuse

Rising FPSO activity leads to strong demand

KUALA LUMPUR: Given the high crude oil prices, international demand for floating production, storage and offloading (FPSO) vessels remains robust while the FPSO market remains tight.
UOB Kay Hian Research said the rosy outlook would allow oil companies to channel surplus cash flow into production projects.
“In its industry view as of Aug 22, SBM Offshore Group sees potentially five more new FPSOs being awarded by end-2022, on top of the eight that have been awarded year-to-date,” added the research house.
Over the 2023-2025 period, it believes there could be demand for nine new FPSOs per year, with Brazil as the highest FPSO demand centre, followed by West Africa.
The World Energy (WER) Aug 22 FPSO outlook edition is more bullish than SBM. WER noted that FPSO activity had returned to levels before the 2008 global financial crisis, and it has identified about 25 bids that may reach the engineering/construction stage within 18 months.
UOB Kay Hian Research said new contracts were increasingly allowing for favourable provisions. “One example is more turnkey arrangements, even though the oil majors understand this is unfavourable versus a lease and operate model.
“However, a persistently tight FPSO market is leaving no choice for oil majors but to seek alternative contracting strategy,” it explained.
UOB Kay Hian Research noted that the key headwind that the FPSO players were facing was the ability of the supply chain to absorb and deliver a huge backlog of FPSOs, as cost growth and delays were increasingly being reported.
With the rising interest rates and environmental, social and governance prioritisation, another key challenge faced is financing large FPSOs, which are about US$1bil (RM4.49bil) per ship.
However, with the strong international FPSO demand, UOB Kay Hian Research supports the three FPSO stocks under its coverage that are rated a “buy”.
“We like stocks with major exposure in the FPSO business, as their track record is international, and they do not need to be too reliant on local/Petroliam Nasional Bhd contracts.
“Investors can consider Yinson Holdings Bhd as it is the best growth stock with solid delivery and MISC Bhd as a more diversified investment. “Bumi Armada Bhd as a recovery stock on future prospects for both FPSO and gas, after hugely improving its gearing position,” it added.

Posted by bullmarket1628 > 2022-09-06 16:37 | Report Abuse

Wow, Fantastics ! 

Now Armada already traded at=>
0.425 (+0.03)(+7.6 %) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-06 16:48 | Report Abuse

Wow, Fabolous ! 

Now Armada already traded at=>
0.43 (+0.035)(+8.9 %) !



Heng ah, Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-09-06 16:49 | Report Abuse

Wow, Awesome !

Now Armada already traded at=>
0.435 (+0.04)(+10.1 %) !



Heng ah, Ong ah, Huat ah !

Posted by MoneyMakers > 2022-09-06 16:59 |

Post removed.Why?

Posted by KimSua > 2022-09-06 17:09 | Report Abuse

Don't miss the boat already moving

Posted by bullmarket1628 > 2022-09-06 23:27 | Report Abuse

Rising FPSO activity leads to strong demand
Business Tuesday, 06 Sep 2022
https://www.thestar.com.my/business/business-news/2022/09/06/rising-fpso-activity-leads-to-strong-demand

KUALA LUMPUR: Given the high crude oil prices, international demand for floating production, storage and offloading (FPSO) vessels remains robust while the FPSO market remains tight.

UOB Kay Hian Research said the rosy outlook would allow oil companies to channel surplus cash flow into production projects.
“In its industry view as of Aug 22, SBM Offshore Group sees potentially five more new FPSOs being awarded by end-2022, on top of the eight that have been awarded year-to-date,” added the research house.

Over the 2023-2025 period, it believes there could be demand for nine new FPSOs per year, with Brazil as the highest FPSO demand centre, followed by West Africa.
The World Energy (WER) Aug 22 FPSO outlook edition is more bullish than SBM. WER noted that FPSO activity had returned to levels before the 2008 global financial crisis, and it has identified about 25 bids that may reach the engineering/construction stage within 18 months.
UOB Kay Hian Research said new contracts were increasingly allowing for favourable provisions. “One example is more turnkey arrangements, even though the oil majors are well aware that this is unfavourable versus a lease and operate model.

“However, a persistently tight FPSO market is leaving no choice for oil majors but to seek alternative contracting strategy,” it explained.
UOB Kay Hian Research noted that the key headwind that the FPSO players were facing was the ability of the supply chain to absorb and deliver a huge backlog of FPSOs, as cost growth and delays were increasingly being reported.
With the rising interest rates and environmental, social and governnance prioritisation, another key challenge faced is financing large FPSOs, which are about US$1bil (RM4.49bil) per ship.
However, with the strong international FPSO demand, UOB Kay Hian Research supports the three FPSO stocks under its coverage that are rated a “buy”.
“We like stocks with major exposure in the FPSO business, as their track record is international, and they do not need to be too reliant on local/Petroliam Nasional Bhd contracts.
“Investors can consider Yinson Holdings Bhd

as it is the best growth stock with solid delivery and MISC Bhd

as a more diversified investment.
“Bumi Armada Bhd

as a recovery stock on future prospects for both FPSO and gas, after hugely improving its gearing position,” it added.

Posted by gndthx > 2022-09-07 07:00 | Report Abuse

@nikicheong pm-ed you

Posted by nikicheong > 2022-09-07 11:26 | Report Abuse

Some interesting tidbit from the UOB report which has not be covered elsewhere, confirming my thesis that Bumi Armada does have the capacity to take on one large-scale FPSO project on its own without needing to do a rights issue:

1) With lower gearing, management guided that it can take on two new FPSO projects, or in detail at least one new large wholly-owned FPSO (US$1b capex) and 1-2 FPSOs on the JV level with Sharpoorji, without the need to incur additional equity fund raising. The higher FPSO opportunity opens up contracts that are favourable to BAB, like those with construction/maintenance scope only (no lease) that do not warrant heavy capex commitment. An example is FPSO Cameia in Angola (competing with MISC).

2) While still a beneficiary of gas projects, no update yet on Mumbai FSRU project. We note that lofty gas prices since the onset of the Russian-Ukraine war, have depressed the regas terminal outlook for India, which is a price-sensitive gas consumer. New regas capacity that may come on stream in 2022 in India had been cut materially from 17MTPA to 10MTPA. The most recent floating, storage, regasification unit (FSRU) Hoegh, which arrived at H-Energy’s Jaigarh terminal, did not get commissioned for its 10-year charter and had to leave India to look for short-term jobs.

3) • Despite having a 30-year licence for the 5MTPA Mumbai FSRU together with Sharpooji, we understand that the contract terms are still in negotiation stages with no actual construction being carried out yet. However, the absence of guaranteed term contract/offtakes, and clauses to protect against market conditions in a risky country, may impact the long-term sentiment of the project in our view. Still, Sharpoorji is co-sharing the project risk. Also unlike FPSOs which are purpose-built, it is easier to redeploy the FSRU to other LNG markets.

4) ESG: To decarbonise FPSOs and expand into green/gas projects. BAB’s new climate change policy underlines its commitment to expand into gas projects like FSRU and floating LNG vessels, and lower existing emissions and flaring. For the latter, there will be challenges on some of its existing FPSOs: An example is FPSO Kraken, where Enquest stated that the “FPSO is almost impossible to electrify” via power from shore or with floating wind technology (which requires stable grid connection), partly due to the swivel configuration. And time is running out to comply with the North Sea Transition Deal which dictates a 10%/25% emission cut targets by 2025/2027. Both Enquest and BAB are looking at creative solutions such as using drop-in biofuel, but the key uncertainty is whether such sustainable fuel will be commercially available.

Posted by Yu_and_Mee > 2022-09-07 11:27 | Report Abuse

buy buy buy!!!

Posted by nikicheong > 2022-09-07 11:44 | Report Abuse

Some bad news, Yinson seems to have obtained Eni Agogo FPSO in Angola, which was one of Bumi Armada's main targets. Yinson's share price has jumped 5% today so there must be a high chance this is true.

Leader emerges for Eni’s Angolan FPSO contract

Malaysian floater specialist Yinson Holdings has emerged as the front runner for the engineering, procurement and construction contract that will deliver a floating production, storage and offloading vessel for Eni’s 1 billion barrel deep-water Agogo project, offshore Angola.

Multiple industry sources told Upstream that Yinson has edged out rival bids from fellow Malaysian player Bumi Armada and Italy’s Saipem with commercial offer and technical proposals for the Agogo FPSO.

Some sources said that Eni will sign a letter of intent with Yinson imminently, with a commercial contract likely to be be finalised later this year.

The Italian operator plans to use the unit to produce up to 120,000 barrels per day of crude for the second development phase of the Agogo field.

Yinson’s technical proposal centres on a conversion of a very large crude carrier.

In late 2019, the Malaysian FPSO player bought two VLCCs - the Ridgebury Eagle, owned by RidgeBury Tankers, and the Apollonia, owned by Neda Maritime Agency.

Apollonia, now named Hawk is being converted by Cosco into the Maria Quiteria FPSO, destined for the Petrobras-owned Parque das Baleias oil project offshore Brazil.

https://www.upstreamonline.com/exclusive/leader-emerges-for-eni-s-angolan-fpso-contract/2-1-1291456

Posted by Robert Waters > 2022-09-07 17:02 | Report Abuse

Even if Yinson takes agogo, there is still repsol.
__________________________________________________
Repsol Begins Negotiations to Lease FPSO
By Conal Quinn | Fri, 09/02/2022 - 10:15
Repsol has begun negotiations with contractors to lease a Floating Production, Storage and Offloading vessel (FPSO) as part of its plans to expand its offshore development efforts in the Gulf of Mexico.

The Spanish operator is keen to make further progress in Block 29 where the noteworthy Polok discovery and smaller Chinwol prospect are located. Market sources cited by Upstream report that Repsol is specifically looking to lease a front-end engineering and design contract for a medium-size FPSO, large enough to permit either suezmax or aframax tanker dimensions, with oil production capacity for about 60,000b/d as well as associated gas production. The FPSO will be anchored in depths between 460 and 600m to serve both Block 29 and an adjacent area referred to as Block X.

The discoveries of Polok-1 and Chinwol-1 were announced by Repsol and its block 29 joint venture partners in May 2020, with net oil pay of 200m and 150m, respectively. Repsol secured a 30 percent stake in the project located 88km off the coast of Tabasco in Bidding Round 2.4 in 2017 together with Petronas subsidiary PC Carigali, who hold 28.33 percent, Germany’s Wintershall DEA with 25 percent and Thai IOC PTTEP with 16.67 percent. In drilling the Polok-2DEL appraisal well, which was completed in September 2021 Repsol became the first international company to carry out a test of such characteristics in the Mexican deepwater environment. Its positive evaluation gave the green light for the project to move forward with the development phase. At the time, Wintershall Dea commented that the positive evaluation of Polok-2DEL had provided evidence of the geological potential in Mexico’s deepwater, opening up the prospect of a new play within Mexico’s Salina basin.

Upstream reported that FPSO contractors Bumi Armada, BW Offshore, MISC and Yinson Holdings are eyeing the opportunity, while the same source also suggested that Repsol’s project may be overlooked by two of the biggest floater suppliers: the Japanese Modec International and the Dutch SBM Offshore. However, the pair is expected to focus instead on competing for more lucrative contracts for bigger units in Brazilian and Guyanese deepwater projects. The Spanish IOC is believed to be open to either a conversion model or the redeployment of an existing vessel that features an external turret mooring system. Repsol and its partners have targeted2026 for Block 29 to start producing, while first oil from Block X is not expected until 2027 or 2028. Although Repsol has not yet specified how long the lease-and-operate contract could last, an initial 15-year fixed-term deal, with the option to extend for an additional period subsequently, has been mentioned as a possibility by Upstream.

The Miamte FPSO, leased by Modec, became the first vessel of its type deployed by a private operator in Mexican waters when it was chartered by Eni to serve its Area 1 Amoca-Miztón-Teocalli fields (AMT) at the start of 2022. Miamite boasts a processing capacity of 90Mb/d for oil and 75MMcf/d for natural gas, with storage room for 700Mb/d of crude and a “zero-flaring philosophy.” The immediate production boost provided by the FPSO testifies to the transformative effect such vessels can have on offshore production. Across the three producing Area 1 fields, production totaled 18,881b/d in March, doubling the output of 9,336b/d just one month previous.

Posted by bullmarket1628 > 2022-09-08 10:31 | Report Abuse

Great! Brent oil now is up +USD$0.58
Waiting for my good news on my tommorrow morning’s update on Brent oil ya !

Heng Ah, Ong Ah, Huat Ah !

Posted by PSAi3alert > 2022-09-08 16:24 | Report Abuse

BNM just increased OPR by 25 basis points to 2.5%

Bumi Armada Borrowings

Short-term
RM1,267.931M (denominated in USD)
RM30.915M (denominated in RM)

Long-term
RM4,841.746M (denominated in USD)
RM1,530.753M (denominated in RM)

.

Posted by bullmarket1628 > 2022-09-08 16:51 | Report Abuse

Don’t worry for those who is holding Armada shares by buying using own cash monies.. 


Another words , it’s the bad news for those who borrowing monies to do shorting Armada’s shares like PSAi3alert… 



So, this will create nightmare for them if interest rate keep on rising and hence their cost of do shorting will increased dramatically high ! 


And hence they have no choice to closed all their shorting position on Armada’s shares…


Then once all the shorties like him do so to closed shorting position and then buy back Armada’s shares, Armada’s share price will imemediately spike up to above RM1.00 and above started tommorrow on-wards ! 



Heng Ah, Ong Ah, Huat Ah !

Posted by nikicheong > 2022-09-08 16:53 | Report Abuse

Bumi Armada borrowings are predominantly in USD. BNM OPR will have no impact, Fed rate hikes though, that's a whole other story.

Posted by PSAi3alert > 2022-09-08 17:00 | Report Abuse

First of all, I do not borrow to short.

And I do not short Armada.

Just stating facts for scenario analysis.

Why are you Heng-ing, Ong-ing and Huat-ing over oil price movements? Oil price does not impact Armada directly. Too much consumption of feng-tou pills?

---

Posted by bullmarket1628 > 3 minutes ago | Report Abuse

Don’t worry for those who is holding Armada shares by buying using own cash monies.. 


Another words , it’s the bad news for those who borrowing monies to do shorting Armada’s shares like PSAi3alert… 



So, this will create nightmare for them if interest rate keep on rising and hence their cost of do shorting will increased dramatically high ! 


.

Posted by Sslee > 2022-09-08 17:16 | Report Abuse

High interest rate will hit O&G earning as O&G are in high capital and working capital industries and hence high borrowing are the norm.

Posted by bjgdila123 > 2022-09-08 18:10 | Report Abuse

0.41 until closing. taik kucing betul

Posted by 1pingpong > 2022-09-08 20:50 | Report Abuse

will all the way down till end sept / early oct.

Posted by 1pingpong > 2022-09-09 11:19 | Report Abuse

Armada, pls dont buy 1 unit continuously and make the counter kept blinking. Its a cheap trick.