Posted by Zhuge_Liang > 2023-04-09 22:25 |

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Posted by alenac > 2023-04-10 11:24 | Report Abuse

Time for Armada to move upward this year. Inflation will be with us for quite some time so live with it. The USA has not been able to tame it & Feds may abandon interest rate increase if it affects corporate recovery. Southeast Asia non-oil producing countries will be affected by oil prices hitting USD100 and above per barrel.
Triple-digit oil will complicate central bank efforts to quell inflation.
The biggest losers will be Asia’s developed economies heavily dependent on oil imports.
In terms of a hit to government finances from the OPEC+ cuts, the biggest losers will be Asia’s developed economies heavily dependent on oil imports, as well as emerging markets in south and Southeast Asia, which not only rely on imported energy but also have weak fiscal balances. Those are the mature economies of Japan and South Korea, and the emerging markets India and Pakistan in south Asia, as well as Argentina, Turkey, and South Africa, according to Pavel Molchanov, managing director of private investment bank Raymond James.

https://oilprice.com/Energy/Oil-Prices/The-Biggest-Losers-Of-100-Oil.html

5 seconds ago

Posted by Jerichomy > 2023-04-10 13:21 |

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Posted by Zhuge_Liang > 2023-04-10 14:12 |

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Posted by Vincent8864 > 2023-04-10 14:36 | Report Abuse

Just ignore him, you stop replying all his messages. Let him talk to himself. Skip reading all his posts.

Posted by 3lephAnt > 2023-04-10 14:58 | Report Abuse

The bright side is that despite the slim volume today, prices are holding up and on the ascendance.

Posted by MM78 > 2023-04-10 15:13 | Report Abuse

Vincent8864 wrote "Just ignore him, you stop replying all his messages. Let him talk to himself. Skip reading all his posts"

I agree with you, Vincent , just ignore Jerichomy's non sensible comments and dont response at all, he may fade away like those behave the same here before.

Posted by Colin01 > 2023-04-10 16:34 | Report Abuse

Gents, dont have to be angry and just ignore negativity. Whenever you feel frustrated just open your trading account and see the handsome green number from armada, your mood will be different.
Captain on the deck and we will sail further, cheers!!

Posted by Jerichomy > 2023-04-10 19:05 |

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Posted by Jerichomy > 2023-04-10 19:06 |

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Posted by Jerichomy > 2023-04-10 21:51 |

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Posted by Robert Waters > 2023-04-10 23:29 | Report Abuse

Today BA is up 5%, but Yinson is down 1%. What an unusual day, considering tha crude is down.
I know from experience that armada did not fail to disappoint us in the past, so sure we will lose some gains soon.
But I have to admit that our counter is surprising us more frequently on the positive recently.
Way to go.

Posted by Jerichomy > 2023-04-10 23:47 |

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Posted by vespa > 2023-04-11 00:23 | Report Abuse

Jerichomy you are an interesting person

Posted by Jerichomy > 2023-04-11 11:00 |

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Posted by Zhuge_Liang > 2023-04-11 11:16 |

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Posted by Jerichomy > 2023-04-11 12:27 |

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Posted by Robert Waters > 2023-04-11 18:39 | Report Abuse

Today is a difficult day for BA longs.
Like women in abusive relationships, we are accustomed to pain, abuse, putdowns on this board.
Ralies are usually short lived, followed by quick retracing the lows.
And here it is again, all indicators green, up on a red day, positive news expected.
Let us try to learn new ways of this counter.
I believe 1 MYR is possible in the near future. Experienced it with other counters, like carimin.

Posted by Robert Waters > 2023-04-11 18:43 | Report Abuse

In case you missed it, Kenanga gives BA target 0.75. Within reach this quorter, in my opinion.
.........................................
We maintain NEUTRAL on the sector, given limited catalyst for big-cap names, with our sector top picks such as ARMADA (OP, TP: RM0.75) and WASEONG (OP, TP: RM0.97).

Posted by Bon888 > 2023-04-11 21:22 | Report Abuse

With current profit record, strong cash flow and up coming project announcement s. MYR 1.00 is 1000% possible.

Posted by Jerichomy > 2023-04-11 21:25 |

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Posted by daretocutandchange > 2023-04-11 22:31 | Report Abuse

armada,carimin,penergy and uzma I also have

Posted by Bon888 > 2023-04-12 10:29 | Report Abuse

0.695 already. Full stream ahead! Hahahaha !! Selamat Hari Raya!

Posted by nikicheong > 2023-04-12 10:52 | Report Abuse

India’s state-owned Oil & Natural Gas Corporation (ONGC) has taken to social media including Twitter to express its thanks to the Indian Navy for getting operations back on track at its Cluster 2 development on Block KG-DWN 98/2 off India’s east coast.

Operations at the operator’s first domestic deep-water project had been halted after the floating production, storage and offloading vessel Armada Sterling V became stranded due to large fishing nets getting entangled in its fuel extracting mechanism, the operator said.

ONGC via LinkedIn expressed its “immense gratitude” to the Indian Navy “for extending timely support in restoring the operation of KG-DWN 98/2 project off Kakinada”.

“Timely action by [the] Indian Navy has completely restored operations enabling considerable savings to the exchequer.”

ONGC added that the Indian Navy had responded quickly to the incident with their team of “highly professional” divers successfully clearing the nets despite extremely challenging underwater conditions - on account of which the salvage efforts took nearly a month.

The FPSO is owned by Shapoorji Pallonji Oil & Gas' 70:30 joint venture with Malaysia's Bumi Armada. Armada Sterling V is Indian contractor Shapoorji Pallonji's fourth FPSO and its third such unit for Indian waters.

The Armada Sterling V in late December was hooked up on ONGC's Cluster 2 asset and had been expected to start up in the first quarter this year. It is not known whether any hydrocarbons were produced before the above incident. The FPSO has processing capacity of about 60,000 barrels per day of liquids and 3 million cubic metres per day of gas.

ONGC is investing more than $5 billion on developing the Cluster 2 region of the flagship deep-water Block KG-DWN 98/2 asset, which is expected to produce up to 16.6 MMcmd of gas and 78,000 bpd of oil.

https://www.upstreamonline.com/field-development/fpso-woes-halt-operations-at-ongcs-flagship-deep-water-project/2-1-1432508

Posted by nikicheong > 2023-04-12 10:54 | Report Abuse

How strange - stuck fishing nets! The salvage operations took nearly a month. I wonder how much this'd contribute to a further delay in the production of first oil.

Posted by alenac > 2023-04-12 10:55 | Report Abuse

After 73 sen if the big boss will go all out for this counter. Driving up to RM1 is easy if the next quarter's result is good

Posted by Zhuge_Liang > 2023-04-12 11:34 |

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Posted by Bon888 > 2023-04-12 11:40 | Report Abuse

KG-DWN 98/2 contract is RM 8.8 billion over period of 9 years. This could generated almost additional 1 billion revenue per year. If calculate with 30% profit margin we are looking at additional 300 million profit per year. Don't play play hahahaha!

Posted by RISK8888 > 2023-04-12 12:07 | Report Abuse

300mil too greedy, of got 150mil net profit. Enough to fly to the moon.

Posted by Bon888 > 2023-04-12 12:12 | Report Abuse

Based on current net profit VS revenue is about 30% net profit margin. Not too greedy.

Posted by nikicheong > 2023-04-12 12:23 | Report Abuse

Chill fellas, the net profit will be around rm80m. Remember, Bumi Armada only owns 30% of the project.

Posted by Bon888 > 2023-04-12 12:50 | Report Abuse

Hahaha you are right Nick, JV 30%

Posted by Jerichomy > 2023-04-12 12:58 |

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Posted by Jerichomy > 2023-04-12 12:58 | Report Abuse

Or heng yuan haha

Posted by Zhuge_Liang > 2023-04-12 14:29 |

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Posted by Beltland > 2023-04-12 14:43 | Report Abuse

Jerichomy

Waiting to see it become another hiap teck


Zhuge_Liang
Laughing all the way to the bank if the share price of Armada can move up north further.
Very sad for Jerichomy, lost in LayHong until bankrupt.
No money to buy Armada to enjoy the profit.
Continue to be a sour grape here.
Sickening and disgusting to see his postings.
A shameless liar will not be blessed to make profit in KLSE.
1 hour ago

1 hour ago


Another Hiaptek ? A lot of people made money already and laughing all the way to the bank ! You drug addict ?

Posted by Bon888 > 2023-04-12 15:04 | Report Abuse

Oil and Gas industry, Steel industry are cyclelic industry. Price will go up and come down eventually.

If not prepared for this better put all your money in FD. Share market is too dangerous for you.

Posted by Bon888 > 2023-04-12 15:11 | Report Abuse

Jangan gaduh... Hari Raya dating!!

https://youtu.be/XDaJ0kMHAL0

Posted by Jerichomy > 2023-04-12 15:48 |

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Posted by Jerichomy > 2023-04-12 15:49 |

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Posted by Bon888 > 2023-04-12 16:43 | Report Abuse

Hahaha uptrend stock you said head and shoulders pattern. Go home learn your TA don't sia sui here. TA cannot, FA also cannot. Haiya!

Posted by Jerichomy > 2023-04-12 17:00 |

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Posted by Bon888 > 2023-04-12 17:09 | Report Abuse

Now changed to double top. Not head and shoulders? Uptrend stock cantik cantik 45 degree moving up.

Double top go home study Top Glove Aug to Nov 2020. Don't sia sui here.

Posted by Jerichomy > 2023-04-12 17:29 |

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Posted by Bon888 > 2023-04-12 17:40 | Report Abuse

I eat headless ikan billis like you Jerichomy. Haiya no meat to eat, so skinny.

Posted by Jerichomy > 2023-04-12 17:53 |

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Posted by Bon888 > 2023-04-12 17:57 | Report Abuse

Welcome. Let more people know how good is Armada future.

Posted by Jerichomy > 2023-04-12 18:01 | Report Abuse

Later they will make it turun like HY haha

Posted by Jerichomy > 2023-04-12 18:04 | Report Abuse

Bon888 is shark boleh all in

Posted by Ravi Kumar > 2023-04-12 20:21 | Report Abuse

How is it the same/ It peaked at 73 sen then went down to 58.5 and now up again. Do you even know what you are barking about?
Jerichomy

Later they will make it turun like HY haha