21 July 2011

listing of ipo Bumi Armada ...

listing of msm bb by ocbc

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if i strike dragon tomorrow i give u lots of reps

according to da chart.......tmr drb, mahsing,maybe bursa will up!, affin, afg, gamuda maybe we watch first!......[You must be registered and logged in to see this image.].....anyway all trader look for BArmada......[You must be registered and logged in to see this image.]

DRB....With no major movement in price, a significant increase in the number of shares traded is detected as compared to the average volume traded over the past 50 days. At 2.25, the stock is trading near its 2-year historical high. The MacD indicator had a bullish technical signal with the MacD line crossing over the signal line. However this bullish crossover is somewhat mitigated by the fact that the MacD line is still below the centerline.
Quote from ECM

The price of GAMUDA has increased by more than 2% while the trading activity is lower than the average of the past 50 days. At 3.63, the stock is trading near its 3-month historical high. It is also observed that the MacD line is below the signal line indicating some short-term price weakness. ...ECM

MAHSING has jumped by more than 10%, it is observed that there is a sharp increase in volume of more than 300% as compared to the average volume traded over the past 50 days. At 2.51, the stock is trading near its 3-month historical high. It is also observed that the MacD line is below the signal line indicating some short-term price weakness.

AFG...With no major movement in price, trading volume of the last trading day is higher than the average volume over the past 50 days. At 3.56, the stock is trading near its 2-year historical high. It is also observed that the MacD line is above the signal line indicating some short-term price strength.
ECM

BURSA has increased by more than 0.5% while the trading activity is lower than the average of the past 50 days. At 7.73, the stock is trading near its 3-month historical high. It is also observed that the MacD line is below the signal line indicating some short-term price weakness.

AFFin...With no major movement in price, a significant increase in the number of shares traded is detected as compared to the average volume traded over the past 50 days. At 3.35, the stock is trading near its 2-year historical high. It is also observed that the MacD line is below the signal line indicating some short-term price weakness.
ECM

dj red....europe super green!

dj 12,567.37
-20.05 (-0.16%)
Real-time: 12:20PM ED

Good morning to Max sifu and comrades [You must be registered and logged in to see this image.]

this morning cant trade coz need to go out and only back late noon .. huhu [You must be registered and logged in to see this image.]

Wish u all strike dragon and make ton of money [You must be registered and logged in to see this image.]

dj 12,571.91
-15.51 (-0.12%)
Jul 20 - Close

Patience Heart wrote:Good morning to Max sifu and comrades [You must be registered and logged in to see this image.]

this morning cant trade coz need to go out and only back late noon .. huhu [You must be registered and logged in to see this image.]

Wish u all strike dragon and make ton of money [You must be registered and logged in to see this image.]

morn bern, hope u catch some $$ when ur free ...

hi all good morning... [You must be registered and logged in to see this image.]

Stocks to watch: Bumi Armada, Tenaga, Nadayu, KLCCP[b]

KUALA LUMPUR: An improvement in market sentiment would bode well for Bumi Armada Bhd which will be listed on the Main Market of Bursa Malaysia on Thursday, July 21.

Its institutional price was fixed at RM3.03 per share after it had completed the bookbuilding process. The final retail price was fixed at RM3.03 per share, which was 12 sen below the retail offering of RM3.15.

The Edge weekly said the listing exercise would enable Bumi Armada to raise RM2.66 billion which is the country’s biggest IPO and the second largest in Southeast Asia so far this year.

At RM3.03, it is valued at more than 20 times price-to-earnings based on its FY2010earnings per share of 11.9 sen. The target price for the company ranges from RM3.62 to RM4.05, the weekly reported.

Other stocks to watch would be TENAGA NASIONAL BHD [], Nadayu PROPERTIES [] Bhd, KLCC Properties Bhd and DIGI.COM BHD [].

The Edge FinancialDaily reported on Wednesday TNB was likely to report weaker 3QFY11 ended May 31 results tomorrow due to higher coal cost and plant maintenance.

The utility giant posted a net profit of RM1.11 billion in the previous corresponding quarter on the back of RM7.72 billion revenue. In 2QFY11 ended Feb 28, TNB recorded a net profit of RM630.3 million.

HwangDBS said while weaker 3Q earnings are expected this year, it looks forward to stronger earnings from 4Q onwards as TNB has received an average tariff hike of 7% effective June 1.

“We estimate there will be a net profit enhancement of RM600 million per year for TNB from the 7% tariff hike, despite the 28% increase in subsidised gas cost,” said the research house.

UDA Holdings Bhd is terminating the proposed sale of a piece of land in Jalan Sultan Ismail in the heart of Kuala Lumpur for RM215.50 million to Nadayu, formerly known as MUTIARA GOODYEAR DEVELOPMENT [] Bhd.

UDA said it was “unable to obtain the approval of UDA’s shareholder” for the disposal of the 3.56 acres and intends to terminate the sale and purchase agreement with Nadayu.

KLCC expects its revenue to be boosted by RM100 million from the Lot C development project.

The revenue boost from the RM1 billion Lot C development would be in the financial year 2012.

DiGi’s earnings fell 15.1% to RM236.31 million from RM278.41 million a year ago on accelerated depreciation of RM323.76 million and also due to premium relating to the up-coming early redemption of its debt notes.

Revenue rose 9.7% to RM1.46 billion from RM1.33 billion, earnings per share were 30.4 sen compared with 35.8 sen. It declared a tax exempt interim dividend of 30 sen per share.

It said the RM1.5 billion revenue was well above the RM1.3 billion reported a year ago.

gaga wrote:hi all good morning... [You must be registered and logged in to see this image.]

morn sun ...

Choppy waters await Bumi Armada listing

SHARES of Bumi Armada Bhd are set to debut in choppy waters today but investors may well embrace the oil services group based on bullish prospects of the energy industry and its undemanding valuations.

Bumi Armada set its initial public offer (IPO) price at RM3.03, some 4 per cent below its indicative price at the launch of the IPO. Research houses like MIDF and OSK have pegged their fair value at RM3.62 and RM3.65, respectively.

"We think this valuation is fair given the group's sheer size as well as its capability in providing one-stop solutions, starting from oil and gas exploration up to the decommissioning stage.

"The stock also deserves a premium over some of its peers given that more than 70 per cent of its business generates recurring income and a constant cash flow," OSK's Jason Yap said in a report earlier this month.

Bumi Armada's debut comes at a time when sentiment is rather weak. The broader market has lost about 2 per cent over the last two weeks, although the Main Index rebounded by half a per cent to 1,562.59 yesterday.

Controlled by billionaire T. Ananda Krishnan, Bumi Armada has raised some RM2 billion from the IPO, making it Malaysia's biggest so far this year. At its IPO price, it will also become the biggest oil services group that's not linked to the government with a market value of RM8.9 billion.

However, it may fall behind if Kencana Petroleum Bhd's merger with SapuraCrest Petroleum Bhd happens, creating a bigger entity worth some RM11 billion in market value.

The biggest non-government linked oil services company now is Kencana with a market value of some RM6 billion.

Bumi Armada provides FPSO services, vessels that could store and process oil, marine transport services, transport and installation (T&I) of offshore facilities and oilfield services like fleet management.

The bulk of its revenue and operating profit came from its FPSO business in 2010. Its T&I unit was the second biggest operating profit contributor, followed by offshore support vessels.

It is also a global player with 85 per cent of revenue coming from foreign markets and the rest from Malaysia.

As of June 1 this year, the group has a potential order book of about RM8.3 billion, comprising firm contracts of RM5.8 billion and extension options worth RM2.5 billion.

It aims to add at least one FPSO vessel a year, a sign of its confidence in securing jobs. It also plans to expand its presence in existing markets and has presence in 10 countries, including Malaysia, Brunei, Brazil, India, Vietnam and Angola.

Analysts are bullish on this aggressive strategy for its FPSO business.

"Management is targeting to secure at least one new FPSO contract annually over the next few years. Bumi Armada is ambitious to become the world's fourth largest FPSO player by fleet size by end-2013," MIDF said in its report.

The group told analysts that it is bidding for five FPSO projects, two in Malaysia and one each in Angola, Nigeria and Indonesia.

"Also, we gather that (it) will be tendering for some notable projects awaiting contract award, including the development of the government's marginal oilfield initiatives," Yap said.

i eat four type of dim sum...[You must be registered and logged in to see this image.]

Greetings to all.