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6 days ago · The 2017-built Höegh Giant has a storage capacity of 170,000 cubic metres and installed regasification capacity of 750 million cubic feet per day. Assuming that the FSRU costs US$300mil with a project IRR of 10%, 70:30 debt-to-equity ratio and WACC of 6%, we estimate that this JV could add 6% to Bumi Armada’s SOP of RM4.3bil and 5% to FY23F ...
3 days ago · Bumi Armada Grossly Oversold, Says HLIB Research. KUALA LUMPUR (June 27): Hong Leong Investment Bank (HLIB) Research said it upgraded Bumi Armada Bhd (BAB) to “Buy” (from “Sell”) with an unchanged of target price of 54 sen, as it believes the risk and reward ratio of the stock has turned attractive following a 25.6% plunge month-on-month.
Jun 28, 2024 · Potential re-rating catalysts include sequentially stronger 4Q23F results, the imminent start-up of the FPSO Armada Sterling 5 from late-2023F, potential new pipelay work in the Caspian Sea given the active tender scene, and a potential extension of the FPSO Armada TGT-1 charter from Nov 2024F to Aug 2031F; the latter could add a further 15 sen ...
5 days ago · We maintain BUY on Bumi Armada with a higher sum-of-parts (SOP) based fair value of RM0.86/share (from RM0.84/share previously) upon rolling forward the transport & installation segment’s valuation base year to FY23F together with model assumption adjustments. Our fair value also reflects a neutral ESG rating of 3 stars.
6 days ago · Investment Highlights. We maintain BUY on Bumi Armada with a slightly higher sum-of-parts (SOP) based fair value of RM0.84/share (from RM0.83/share previously). Our fair value also reflects a neutral ESG rating of 3 stars. Bumi Armada's 9MFY22 core net profit (CNP) of RM651mil (after excluding RM74mil net fair value loss on property, plant and ...
6 days ago · Publish date: Tue, 06 Jun 2023, 10:57 AM. Keep BUY, with new SOP-based MYR0.73 from MYR0.80 TP, 15% upside. While there may be a negative share price reaction towards Armada Kraken’s shut-in event, we are still on the assumption that such an issue will be resolved in the short term, and, as such, we do not expect a lumpy vessel impairment.
3 days ago · Stock analysis for Bumi Resources Tbk PT (BUMI:Indonesia) including stock price, stock chart, company news, key statistics, fundamentals and company profile.
