UNVERVALUED
ARMADA 5210
| PREV | CLOSE | CHANGE | HIGH | CLOSE |
|---|---|---|---|---|
| 0.230 | 0.220 | -0.010 | 0.230 | 0.220 |
| VOLUME | BUY VOL | BUY | SELL | SELL VOL |
|---|---|---|---|---|
| 172,928 | 254,822 | 0.220 | 0.225 | 19,235 |
52 Weeks Range : 0.11 - 0.555
5.8/10
(Expert Score)
Stock is rated as #11 in category BM Energy
Undervalued. Intrinsic value of RM0.286.
PROS:
- Extraordinary profit
- Very High Tangible-to-Price
- Very High Trading Value
CONS:
- No Dividend Declared
- High Debt Company
- Very High Gearing
klse: Bumi Armada Bhd
Corporate Information
Board : Main
Shariah : Non-Shariah Compliant
Sector : Oilfield Services Ringgit
Address: Level 21, Menara Perak, 24, Jalan Perak, , 50450, Kuala Lumpur
Contact: +603-21715799
Website: https://www.bumiarmada.com/
Corporate Background
Bumi Armada Bhd is an international offshore services provider to the oil and gas industry in Malaysia and other countries in Asia. The Company owns and operates offshore support vessels to provide support for exploration, development and production activities in the offshore O&G industry.
Forecast: ARMADA 5210
|
Result
Quarter Report History
| Date | Revenue,k | PBT,k | Net Profit,k |
|---|---|---|---|
| 28/08/20 | 606,796 | 114,754 | 119,774 |
| 29/05/20 | 552,618 | -214,215 | -223,967 |
| 27/02/20 | 515,643 | -250,146 | -235,176 |
| 22/11/19 | 527,813 | 160,008 | 153,373 |
| 30/08/19 | 535,641 | 102,551 | 78,208 |
| 27/05/19 | 491,608 | 69,778 | 62,213 |
| 28/02/19 | 576,308 | -1,263,445 | -1,262,879 |
| 23/11/18 | 588,047 | -514,192 | -502,827 |
| 29/08/18 | 654,042 | -584,775 | -585,480 |
| 31/05/18 | 600,342 | 65,540 | 48,417 |
| 26/02/18 | 662,147 | 80,303 | 63,816 |
| 23/11/17 | 641,391 | 152,326 | 123,733 |
Fundamental
Fundamental Analysis
| Last 4 Quarter Revenue (RM’000) | 2,202,870 |
|---|---|
| Last 4 Quarter Net Profit (RM’000) | -215,502 |
| Last 4 Quarter EPS (sen) | -3.16 |
| Last 4 Quarter PER | – |
| Last 4 Quarter Dividend (sen) | – |
| Last 4 Quarter Dividend Yield (%) | – |
| Net Tangible Assets (RM) | 0.55 |
| Goodwill (RM) | 0 |
| Cash (RM’000) | 849,530 |
| Debt (RM’000) | 9,410,000 |
| Total Debt (RM’000) | 10,840,000 |
| Net Assets (RM’000) | 3,050,000 |
| Current Ratio | 0.60 |
| Quick Ratio | 0.60 |
| Cash Ratio | 0.35 |
Technical
Technical Analysis
| MACD (26 vs 12) | -0.006 |
|---|---|
| Exponential Moving Average 5 | 0.233 |
| Exponential Moving Average 20 | 0.244 |
| Exponential Moving Average 90 | 0.247 |
| Relative Strength Index 14 | 0.25 |
| Stochastic %D 3 | 0.14 |
| Stochastic %K 14 | 0.20 |
13 reviews for ARMADA 5210
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| PREV | CLOSE | CHANGE | HIGH | CLOSE |
|---|---|---|---|---|
| 0.230 | 0.220 | -0.010 | 0.230 | 0.220 |
| VOLUME | BUY VOL | BUY | SELL | SELL VOL |
|---|---|---|---|---|
| 172,928 | 254,822 | 0.220 | 0.225 | 19,235 |
The Star –
CGS-CIMB Research has raised its earnings forecast for Bumi Armada’s FY20-FY22 by 8%-12% due to a longer depreciation period of its Armada Sterling FPSO. UOB Kay Hian Research pointed out that Bumi Armada’s loan default risk remains especially with the incoming tranche 1 repayment of debt of RM679mil by May 2021.
The Star –
Although Bumi Armada Bhd has received a contract extension worth billions of ringgit, analysts have mixed views due to the company’s debt level and the overall challenging outlook for the oil and gas industry. Maybank IB Research said Bumi Armada’s “highly” leveraged financials remain an ongoing concern and that it would need to de-gear through asset monetisation and reduction in expenses. While the research house said it was positive on Bumi Armada’s recent contract extension for its Armada Sterling FPSO (floating production storage and offloading vessel) in India, the rates are 15% lower than its previous contract.
The Edge –
Bumi Armada Bhd has bagged two contracts from India’s state-owned oil company Oil and Natural Gas Corporation Ltd (ONGC) worth a total of RM2.06 billion for works involving the Armada Sterling Floating Production, Storage and Offloading vessel (FPSO) in Mumbai. One of the two contracts secured by its joint-venture company (JVCo) Armada D1 Pte Ltd (Singapore) is for a bareboat charter lease (BBC contract) with an estimated total value of US$370 million (approximately RM1.54 billion). The other contract received by its JVCo Shapoorji Pallonji Armada Oil & Gas Services Pte Ltd (India) (SPAOGSPL) is for operation and maintenance (O&M) and has an estimated total value of INR9.2 billion (approximately RM520 million).
The Star –
AmInvestment Bank Research has upgraded the oil and gas sector to “overweight” despite the ongoing volatility in crude oil prices as the downcycle may have hit a bottom. Bumi Armada registered stronger-than-expected results mainly from a steady revenue contribution from the group’s floating production, storage and offloading vessel Armada Kraken which had been operating sub-optimally over the past two years.
BURSA MALAYSIA –
The Group generated revenue of RM606.8 million for Q2 2020, an increase of RM54.2 million compared to Q1 2020. The increase was due to improved vessel availability for Armada Kraken FPSO. The Group generated a profit of RM109.4 million for Q2 2020 compared to a loss of RM219.5 million in Q1 2020 mainly due to impairment on vessels in Q1 2020.
BURSA MALAYSIA –
The Group generated revenue of RM552.6 million for Q1 2020, an increase of RM37.0 million compared to Q4 2019. The increase from the FPO segment was due to improved vessel availability for Armada Kraken FPSO, which was offset by a decrease from the OMS segment mainly due to lower revenue from third party vessels.
INVESTING MALAYSIA –
3 MAR 20 – Shares of Bumi Armada Bhd are on course to snap their three-day losing streak, following news that the company has secured a loan refinancing facility of US$64.3 million (RM270.06 million).
INVESTING MALAYSIA –
2 MAR 20 – Bumi Armada Bhd, via its wholly-owned subsidiary Armada TGT Ltd, has secured a loan facility OF US$64.3 million (RM270.86 million) to fund the repayment of its existing loan, transaction expenses and financing costs.
Investing Malaysia –
Average investing volume for Bumi Armada Bhd in the past three months in stock market was 61844.1k lots
Investing Malaysia –
ARMADA gets a score of 25.94 in our equity and assets quality test based on current share price of RM0.4
Investing Malaysia –
Bumi Armada Bhd gets a score of 0 in our stability test after the balance sheet, money statement study
Investing Malaysia –
Stock code of 5210 in Bursa Malaysia did not propose any dividend for the past few years
Investing Malaysia –
ARMADA is estimated to have a profit consensus of 247.99 millions, with an adjusted market capitalization of 2233.08 millions