【ARMADA 5210 交流专区】布米亚马大

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BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD - CESSATION OF SUBSIDIARY
We refer to the announcement made by Bumi Armada Berhad (“Bumi Armada” or the “Company”) on 20 November 2012 in relation to the cessation of a subsidiary pursuant to the Conditional Sale and Purchase Agreement (“SPA”) entered into by its subsidiary, Bumi Armada Automation International Sdn Bhd (“Bumi Armada Automation”) with Dyna-Mac Holdings Ltd (“Dyna-Mac”) on 20 November 2012 for the disposal of Bumi Armada Automation’s entire 100% equity interest in Haven Automation Industries (S) Pte Ltd (“Haven”) (the “Disposal”). Bumi Armada wishes to announce that Bumi Armada Automation and Dyna-Mac have, vide a letter dated 19 February 2013, mutually agreed to extend the period for completion of the Disposal by an additional three (3) months, to enable both parties to complete the pre-completion process. Accordingly, Haven will only cease to be a wholly-owned subsidiary of Bumi Armada upon completion of the Disposal which is expected to occur within six (6) months from the date of the SPA. This announcement is dated 19 February 2013.

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布米阿玛达全年净赚3.8亿

財经 2013年2月22日
（吉隆坡22日讯）在政治与金融动荡局势的笼罩下，去年成为布米阿玛达（ARMADA，5210，主板贸服股）的合约「干凅期」，但隨著这些不確定性已逐步清除，该公司相信，今年所获合约的情况將大有改善，料將获得逾两项合约。       

布米阿玛达执行董事兼首席执行员哈山阿沙德巴斯马指出，金融方面，欧债危机和美国的「財政悬崖」（fiscalcliff）隱忧是主要的干扰因素；而该公司的一些关键市场也出现政治不確定性，包括美国和墨西哥的总统大选、尼日利亚的政治动盪等事件，亦导致人们去年抱持观望態度，从而减少投资。

「去年行业预测將有22项浮式生產储油轮（FPSO）的合约颁发活动，但结果只有5项，其中蜆壳（Shell）更在事后取消其颁发的合约。」

此情况严重影响该公司最大的业绩贡献来源，即浮式生產储油轮（FPSO）业务，並未在去年获得任何新的合约，导致该公司目前的订单总额亦从73亿令吉，减少至70亿令吉。

无论如何，哈山阿沙德巴斯马补充，布米阿玛达于18日宣布获得印度石油与天然气机构有限公司（ONGC）所颁发的浮式生產储油轮合约，乃是今年一个好的开始。

他相信，隨著財政悬崖和各国政治局势基本已稳定下来，该公司今年料將获得逾两项浮式生產储油轮（FPSO）。

目前，布米阿玛达仍在竞標额外6项浮式生產储油轮合约，所有业务所竞標的合约总额则达约60亿美元（约186亿令吉）。

哈山阿沙德巴斯马是在布米阿玛达的业绩匯报会上，如此评论去年的营运情况，共同出席者包括该公司执行董事兼首席財务员沙哈鲁礼萨。

派息3仙

布米阿玛达的2012財政年（12月31日结账）净利仍成长7.3%，至3亿8582万令吉，营业额则增长7.5%，至16亿5918万令吉。该公司末季净利按年萎缩12.5%，至1亿零914万令吉；营业额则按年增长28.8%，至4亿7776万令吉。同时，该公司也建议派发每股3仙的终期股息。

沙哈鲁礼萨披露，末季的净利下滑，是因为该公司在该季结算之前一些季度工程的账目，因此无关该公司的基本面问题。

哈山阿沙德巴斯马披露，布米阿玛达今年的资本开销料达30亿令吉，除了浮式生產储油轮，也將加强其运输和安装（T&I）业务。另一方面，他也预测，油气领域將出现更多的併购活动，但同时也料將出现更多新进业者，促进行业的竞爭。[东方日报财经]

SUMMARY OF KEY FINANCIAL INFORMATION 31/12/2012

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/12/2012	31/12/2011	31/12/2012	31/12/2011
		$$'000	$$'000	$$'000	$$'000

1	Revenue	477,768	370,854	1,659,184	1,543,896
2	Profit/(loss) before tax	135,754	153,505	468,617	435,890
3	Profit/(loss) for the period	109,906	126,956	388,018	365,331
4	Profit/(loss) attributable to ordinary equity holders of the parent	109,145	124,761	385,828	359,672
5	Basic earnings/(loss) per share (Subunit)	3.73	4.26	13.17	14.63
6	Proposed/Declared dividend per share (Subunit)	3.00	2.50	3.00	2.50
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.2900		1.2100

icy97

業績符預期‧阿瑪達財測維持

熱股評析  2013-02-25 18:37
（吉隆坡25日訊）阿瑪達（ARMADA，5210主板貿服組）末季淨利挫12.51%，符合預期，分析員保持財測，同時因浮式生產儲油船艦（FPSO）的合約展望強勁，不排除該公司展開併購計劃。

阿瑪達末季淨利挫12.51%至1億零914萬5千令吉，惟全年淨利仍微增7.27%到3億8千582萬8千令吉。該公司建議派發每股3仙終期股息，促使全年派息率22%，較2011年的19%高。

馬銀行研究認為，FPSO的合約展望在去年褪色後，今年已凝聚動力，隨該公司今年攫得C7FPSO，預見該公司今年內至少攫得第二項FPSO工程。

合聯研究透露，該公司據知在投標多項FPSO合約，包括印尼的曼杜拉FPSO合約，有利該公司的盈利展望，不過，基於部份合約已經計算在內，暫時維持財測不變。

競標逾5項計劃

阿瑪達正在競標逾5項計劃，包括大馬的Belud、印尼的曼杜拉（Madura）、歐洲的Kraken、安哥拉的Cobalt和ENI油田工程，計劃估計在2至9月間頒發。

MIDF研究也相信，該公司今年將攫取至少一項FPSO工程，惟基於上述競標合約頒發時間不同，相信所有潛在合約不太可能在今年內作出全年貢獻。
該公司目前的訂單達70億令吉，合約延長的選擇權值高達37億令吉。

另外，大馬的船費仍合宜，為每馬力2美元，不過，東南亞其他國家的船費仍可能低迷，歸咎於供應過剩。

馬銀行研究在預見該公司每兩年能夠攫得3項新FPSO工程，估計該公司未來3年的淨利複合成長率為15%，2013至2015財政年的循環淨利預測各為4億6千730萬、5億3千430萬和5億9千400萬令吉。

MIDF也保持2013和2014財政年淨利預測，各4億9千570萬和6億7千210萬令吉。（星洲日報／財經）

icy97

布米阿马达4 亿买船

财经新闻 财经  2013-03-01 12:15
（吉隆坡28日讯）布米阿马达（Armada，5210，主板贸服股）以1亿3000万美元（4亿186万令吉），向南昌造船厂（Nam Cheong Dockyard）购入4艘多功能平台支援船。

布米阿马达是通过独资子公司———阿马达岸外多功能平台支援船有限公司，与南昌造船厂签署合约，购入4艘DP2电动柴油多功能平台支援船。

上述每艘支援船长达88.8米，货物载重量达5000吨，可容纳60人员，用于支援岸外深海货运活动。

布米阿马达执行董事兼总执行长哈山巴斯马表示，这项购船合约，符合公司的石油勘探与生产扩展计划，除了能满足安全和营运需求，也能带来更高燃油效率。

“这四艘船是布米阿马达岸外支援船增加计划的一部分，也是国内从未见过的多功能平台支援船，让布米阿马达维持在业界的尖端地位。”[南洋网财经]

BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD - SALE AND PURCHASE CONTRACTS FOR FOUR (4) UNITS DP2 MULTI-PURPOSE PLATFORM SUPPORT VESSELS
INTRODUCTION Bumi Armada Berhad (“Bumi Armada” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Armada Offshore MPSV Limited has on 28 February 2013 entered into four (4) contracts to build four (4) units of DP2 Multi-Purpose Platform Support Vessels ("MPSV") with Nam Cheong International Ltd (“NCIL”) (the “Contracts”) under the Bumi Armada Group’s newbuild programme – Steel on Water 2 (“SOW 2”) following the Letter of Intent issued to Nam Cheong Dockyard Sdn Bhd (“NCD”), referred to in the Company’s announcement dated 20 June 2012. NCIL and NCD are both wholly-owned subsidiaries of Nam Cheong Limited, one of the leading global marine players and Malaysia’s largest shipbuilder of Offshore Support Vessels (“OSV”). DETAILS OF THE CONTRACTS The total contract value of the Contracts is approximately USD130 million (excluding owner furnished equipment). Each MPSV will be 88.8 metres in length, 5,000 deadweight metric tonnes of cargo capacity. Vessel is designed for diesel-electric propulsion and built to Comfort Class, SPS Compliance, Oil Recovery, Fire Fighting Class 1 and enabled for a 100 metric tonnes heave compensated crane, helideck, remotely operated vehicle facility and moon pool. All four (4) MPSVs will have DP2 capability to support offshore deep-water activities with multi-purpose functions of transporting cargo (such as fresh water, diesel, bulk cement, liquid mud, drilling chemicals and deck cargo), oil recovery and on standby/rescue work. Each MPSV will also have accomodation for a total of 60 personnel on board. The newbuild vessels under the SOW 2 are in line with Bumi Armada Group’s fleet expansion plan for its OSV segment. FINANCIAL EFFECTS The investment in the newbuild vessels will have no material effect on the revenue and earnings of Bumi Armada Group for the financial year ending 31 December 2013, but is expected to contribute positively to the future earnings of Bumi Armada Group. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors or major shareholders of the Company or persons connected with them have any interest, direct or indirect in the Contracts. This announcement is dated 28 February 2013.

Attachments Bumi Armada awards contracts to Nam Cheong for 4 DP2 MPSV.pdf

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获印度FPSO 预料之中 布米阿马达上涨空间有限

财经新闻 财经  2013-03-02 11:35
（吉隆坡1日讯）券商认为，布米阿马达（Armada，5210，主板贸服股）联营公司于印度获颁总值7亿4000万美元（约22亿9400万令吉）浮式生产储油轮（FPSO）合约是在预料中，因此中和看待这项进展。

布米阿马达早前发文告表示，联营公司SP Armada，获印度国有油气企业（ONGC）颁发印度西海岸C7小油田的浮式生产储油轮合约。

合约为期9年，额外附带7年的延长选择权，延长期的合约价值为3亿4000万美元（约10亿5400万令吉）。

订单95亿

侨丰投资研究分析员对布米阿马达获颁上述合约并未感到惊讶，虽然合约颁发得比预期慢，但分析员早已经认为该公司得标几率高。

分析员说，赢得第6项浮式生产储油轮合约后，布米阿马达手上订单预计达95亿令吉，比2012年年杪订单高出30%。

“公司净利预计会增加4000至5000万令吉，但我们已把两项浮式生产储油轮合约的贡献纳入考量，因而维持2013财年净利预估。”

MIDF投资研究分析员也表示，市场已预计布米阿马达将脱颖而出，目前市场估值已把公司赢得合约纳入考量。

他也认为布米阿马达股价上行空间有限。

新合约年赚3700万

艾芬投资银行研究分析员虽然看好公司长期前景，但他继续建议投资者减持该股，待股价跌至更吸引的水平或公司更确定将获颁新合约时买入。

另外，马银行投资银行分析员指出，以25至30%净赚幅估算，持有联营公司50%股权的布米阿马达，可从合约获得每年3100至3700万令吉盈利。

分析员说，这是该公司2013年赢得的首个合约，预计在未来12个月将赢得另外2项浮式生产储油轮合约。

截至目前，布米阿马达竞标了欧洲Kraken、印尼马都拉岛、大马Belud的项目，以及非洲两个项目。[南洋网财经]

icy97

布米亞馬大 斥4911萬購船

企業財經14/03/2013 22:20
（吉隆坡14日訊）布米亞馬大（ARMADA， 5210，主要板貿易）子公司購入一艘價值1580萬美元（約4911萬令吉）的船隻。

該公司今日向馬證交所報備指出，旗下布米亞馬大岸外合約有限公司，于13日向Condor Shipco有限公司購買一艘船隻，名為Iremis Condor，以作為SURF（Subsea，Umbilicals，Risers及Flowlines）的用途。

SURF是把海地生產的原油運輸到海上儲藏設備的裝備。

該公司指出，將挪用內部資金完成收購，收購這艘船隻預期可為將來集團收入作出積極貢獻。[中国报财经]

BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD - PURCHASE AND DELIVERY OF VESSEL
1.      INTRODUCTION          Bumi Armada Berhad (“Bumi Armada” or the “Company”) is pleased to announce that its wholly-owned subsidiary, Bumi Armada Offshore Contractor Limited (“BAOCL”)          has on 13 March 2013 purchased and taken delivery of one (1) unit of Multi-purpose Support Vessel (“MPSV”) known as “Iremis Condor” (the “Vessel”) from Condor          Shipco Limited (the “Seller”) at a total consideration of USD15.8 million (the “Purchase”). 2.      DETAILS OF THE PURCHASE 2.1    Details of the Vessel Name of Vessel Built Classification Flag Size (DWT) Iremis Condor 1978, Far East LivingStone Shipyard, Singapore. Reconstructed in 2002 (Poland). Det Norske Veritas (DNV) Maltese Cross 1A1 HELDK DPS-2 The Marshall Islands 3,139 tonnes         The Vessel was renamed as “Armada Condor”.         The DNV-classed dynamic positioning 2 construction support vessel measures 104 metres in length with a beam of 22.4 metres and features a 120 tonne main crane           with Active Heave Compensation system for operation up to 2000 meter water depth, an auxiliary crane, cargo crane, moon-pool, helideck and built-in gas storage of           14,800 cubic metres. The Vessel has 1,100 square metres of deck space with deck load capacity of 1,300 tonnes and hydro acoustic to 2,000 metres. 2.2    BASIS OF PURCHASE CONSIDERATION AND SOURCE OF FUNDING The consideration for the Purchase was funded by internally generated funds and the purchase price was derived at on a ‘willing buyer willing seller’ basis after taking into           account the recent transaction value for similar vessels. 3.      RATIONALE The Purchase will enable the Vessel to be deployed for future Subsea/Umbilicals/Risers/Flowlines (“SURF”) work under the Company’s Transport and Installation Services          (“T&I”) business segment. 4.      FINANCIAL EFFECTS The Purchase is not expected to have any effect on the share capital and substantial shareholdings nor any material effect on the net tangible assets or earnings of Bumi           Armada Group for the financial year ending 31 December 2013. However, the Purchase is expected to contribute positively to the future earnings of Bumi Armada Group. 5.      APPROVALS REQUIRED The Purchase is not conditional upon any approvals being obtained from the shareholders of the Company or any authorities. 6.      DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors or major shareholders of the Company or person connected with them have any interest, direct or indirect in the Purchase. This announcement is dated 13 March 2013.

Attachments Press Release - Bumi Armada adds MPSV Armada Condor to its fleet.pdf

icy97

4907萬購支援船‧阿瑪達看法中和

熱股評析  2013-03-14 17:26
（吉隆坡14日訊）阿瑪達（ARMADA，5210，主板貿服組）宣佈耗資1千580萬美元（約4千907萬1千令吉）購買1台多用途支援船“Armada Condor＂，藉此擴大旗下輸送安裝服務業務產能。

分析

市場分析員考量新船貢獻暫時難以評估，普遍對消息持中和看法。

可望攫取2項FPSO合約

豐隆研究認為，輸送及安裝服務業務只佔阿瑪達去年營運盈利的24%，加上運輸安裝服務合約一般不只涉及單一資產，而是綜合各種資產來執行，因此未對新船進行盈利貢獻評估。

“我們認為該公司關鍵成長層面依然是浮式生產儲油船艦（FPSO）業務，預見該公司今年可望攫取1至2項FPSO合約，以及1項邊際油田合約，攫取巨型FPSO將成為該公司重估因素。＂

大馬研究說，阿瑪達正積極擴展多用途船隊，相信原因是這類型船艦租用費較為誘人，惟並未調整該公司財測。

安聯投資研究估計，ArmadaCondor是阿瑪達旗下第二艘該類型船艦，由於阿瑪達放眼持續擴大多用途支援船隊，新消息並不令人驚訝，並且相信該公司會於今年內繼續收購更多船艦。

“國內只有兩家公司具備深海中央管道和出油管（SURF）產能，阿瑪達即是其中1家，我們相信在新FPSO安裝和海內外新生產設備帶動下，SURF需求正逐漸膨脹。＂

不過，安聯表示已將輸送安裝服務業務擴張和新資產貢獻納入財測考量，預料阿瑪達會先在今年內替Armada Condor安裝海底設備，明年才讓新船投產。（星洲日報／財經）




910万买船 布米阿马达评级中和

财经新闻 财经  2013-03-15 11:45
（吉隆坡14日讯）分析界对布米阿马达（Armada，5210，主板贸服股）以1580万美元（约4910万令吉）收购一艘多用途平台支援船（MPSV）、供发展运输和安装服务（T&I）业务的决策维持中和看法，因为该业务不是主要盈利来源。

丰隆投资研究分析员指出，运输和安装服务业务为布米阿马达去年营运盈利仅贡献24%。

“目前，该业务主要资产是‘Armada Installer’及‘Armada Hawk’，我们估计这两个资产将继续成为主要盈利来源。”

看好FPSO业务

基于运输和安装服务合约经常使用不同的船只履行合约，因此，分析员不计算每艘船只的盈利贡献。

他认为，公司关键增长业务依然是浮式生产储油轮（FPSO）业务，占去年营运盈利的49%。

“我们预计，布米阿马达今年将赢得2份中等价值的浮式生产储油轮合约，或1份浮式生产储油轮合约及1份小型油田合约。”

他补充，如果公司成功获得例如Kraken等巨额合约，将会重新评估该股。

分析员相当看好浮式生产储油轮市场的规模，但也认同该市场竞争仍然非常剧烈。

丰隆投资研究给予布米阿马达“守住”评级，目标价为4.00令吉。

另外，如果投资者想从潜在回扬的浮式生产储油轮市场及岸外生产受惠，分析员建议“买入”柏达纳（Perdana，7108，主板贸服股）、柏利赛石油（Perisai，0047，主板贸服股）、达洋企业（Dayang，5141，主板贸服股）以及沙肯石油（Skpetro，5218，主板贸服股），因为它们需要安装与服务浮式生产储油轮市场及岸外市场。[南洋网财经]

icy97

icy97 发表于 19-2-2013 10:46 PM

BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD - CESSATION OF SUBSIDIARY
We refer to the announcements made by Bumi Armada Berhad ("Bumi Armada" or the "Company") on 19 February 2013 and 20 November 2012 in relation to the cessation of a subsidiary pursuant to the Conditional Sale and Purchase Agreement ("SPA") entered into by its subsidiary, Bumi Armada Automation International Sdn Bhd ("Bumi Armada Automation") with Dyna-Mac Holdings Ltd on 20 November 2012 for the disposal of Bumi Armada Automation's entire 100% equity interest in Haven Automation Industries (S) Pte Ltd ("Haven") (the "Disposal"). Bumi Armada wishes to announce that the Disposal has been completed on 26 March 2013 and accordingly, Haven has ceased as a wholly-owned subsidiary of Bumi Armada. This announcement is dated 26 March 2013.

icy97

瓦锡兰供4船给布米阿马达

财经新闻 财经  2013-04-10 14:26
（吉隆坡9日讯）芬兰的瓦锡兰公司（Wartsila）公司宣布，获布米阿马达（Armada，5210，主板贸服股）颁发一份设计4艘多用途平台支援船（MPSV）系统的设计合约。

瓦锡兰公司发表文告，获布米阿马达子公司———阿马达岸外多用途平台支援船私人有限公司颁发上述合约。

根据合约，瓦锡兰公司将为阿马达岸外多用途平台支援船提供一套完整的船只系统设计解决方案，包括船只基本设计、主要发电系统、推进系统、低损耗电力系统和自动化系统。

“大马最大岸外支援船商———NamCheong私人有限公司的子公司将负责造船。”

瓦锡兰公司是全球领先的船用动力装置及陆用电站设备的供应商和服务商，同时也是全球最大的船用柴油机和柴油发电机组制造商之一。[南洋网财经]

icy97

3工程名單將公佈‧阿瑪達前景亮眼

熱股評析  2013-04-15 17:26

證券行：大馬研究
評級：買進
目標價：4.30令吉
簡評：曼杜拉（Madura）浮式生產儲油船艦（FPSO）合約可能重新投標

（吉隆坡15日訊）上游（Upstream）週刊指出，阿瑪達（ARMADA，5210，主板貿服組）競標15年的曼杜拉FPSO合約可能重新投標，因相關出價比印尼上游監管機構SKKMigas批准的8億5千700萬美元低40%。

根據印尼競標監管條例，營運商赫斯基能源公司（Husky Energy）將重召阿瑪達和印尼Sillo Maritime等第三方財團，以及新加坡Ezra控股旗下Emas岸外建築和生產與聯邦岸外服務在內的最後兩個競標者來重新洽商商業條款。

基於龐大的價差顯示工程預算可能已經上調，重新競標料是板上釘釘的事，可能令原訂在2015年下半年投產時間表有所延宕，但大馬研究仍未對阿瑪達2013至2015財政年盈利進行調整，因管理層預見現處於決選名單的三項工程可能在今年頒佈。

更重要的是，在全球172項規劃中的FPSO工程中，集團已鑑定高達34項可能參與的工程，因此在潛在新FPSO合約頒佈、船艦使用率吃緊，以及全球石油與天然氣估值昂貴下，該證券行持續看好阿瑪達前景。

下午3時，阿瑪達起1仙至3令吉89仙。（星洲日報／財經）


儲油船需求強勁‧阿瑪達放眼海外合約

熱股評析  2013-04-22 18:36
（吉隆坡22日訊）阿瑪達（ARMADA，5210，主板貿服組）每股額外派息0.14仙及委任新主席受看好，分析員認為長期盈利將受強勁的海上浮式生產儲油船（FPSO）合約支撐，獲取海外合約可能性較高。

阿瑪達宣佈每股額外派息0.14仙，促使2012財政年股息稍微增加至3.1仙。

今年2月，該公司宣佈派發3仙免稅股息，自2014年1月1日起，將利用稅務貸款轉而派發單層股息。

鑑於我國油氣領域的關係建構需求，該行看好阿瑪達以強而有力的政治連接重點強化其管理層，不過卻遇見其海上浮式生產儲油船下個目標可能來自海外訂單。

據知阿瑪達競標的歐洲Kraken、尼日利亞Okoro及ENI油田工程已在最終入圍名單內，全球計劃中的172項海上浮式生產儲油船工程，該公司有意參於34項。

基於全球油氣業復甦可能帶動海上浮式生產儲油船合約需求、船隻使用率緊縮及大型油氣股上揚空間有限，大馬研究認為阿瑪達2014財政年20倍本益比比沙肯石油（SKPETRO，5218，主板貿服組）2007年的29倍具吸引力，不過在訂單量、盈利成長透明化動力及獲取本地油氣合約能力卻不及沙肯石油，聯昌研究認為，雖然印尼曼杜拉（Madura）工程因預算問題而難以估計，但依然看好阿瑪達長期盈利遠景將受現有6項海上浮式生產儲油船合約支撐，料比市場溢價40%，2013至2015財政年3年每股盈利複合年均增長率將達22.6%。

油氣行業報章《Upstream》報導，曼杜拉海上浮式生產儲油船競標價高於油田開發預算8億5千700萬美元（約25億9千700萬令吉）的40%。

阿瑪達及3家來自印尼、新加坡的企業聯營，分別是以兩個計劃書再競標為期15年的海上浮式生產儲油船合約，最後兩家競標者可能要求與對方重新洽談商務條款，料導致合約延遲頒發。

“雖然曼杜拉合約被拖延，但是對阿瑪達於今年中旬獲取歐洲Kraken合約展望樂觀，若成功，將為該公司在北海寫下新一頁。＂（星洲日報／財經）

icy97

布米亞馬大擬額外派息0.14仙 　

財經股市18 Apr 2013 20:47
（吉隆坡18日訊）布米亞馬大（ARMADA，5210，主要板貿易）建議額外派息0.14仙，截至去年底財年每股共派息3.14仙。

該公司向馬證交所報備指出，今年2月22日已宣佈末季終期派息3仙，今日建議額外現金派息0.14仙，扣稅25%。

文告指出，公司將從2014年1月1日起，將所有股息轉換至單層稅制，並且免稅。

布米亞馬大在另一文告中報備，現任主席拿督斯里莫哈末法提爾將在6月18日舉行的年度股東大會后卸任，並由獨立非執行董事東姑阿里惹道汀接替主席職。

為確保替換順利，莫哈末法提爾將在卸任后離職董事局，擔任非獨立非執行董事；該公司副主席拿督阿末法阿亦不尋求連任，讓其他年輕的專業人士繼承職位。

莫哈末法提爾與阿末法阿透過聯合持有的Ombak Damai公司持有主要股權。[中国报财经]

Description	BUMI ARMADA BERHAD - RECOMMENDATION OF ADDITIONAL FINAL DIVIDEND
On 22 February 2013, the Board of Directors of Bumi Armada Berhad (“Board”) had announced the unaudited fourth quarter report for the financial period ended 31 December 2012 of Bumi Armada Berhad (“Bumi Armada” or the “Company”) and recommended a tax exempt final cash dividend of 3.0 sen per share in respect of the financial year ended 31 December 2012 which is not taxable in the hands of the shareholders pursuant to Section 54A(3)(e) of the Income Tax Act 1967 (“Initial Final Dividend”), to be paid on a date to be determined, subject to the approval of the shareholders at the forthcoming Annual General Meeting (“AGM”). The Board has now recommended over and above the Initial Final Dividend, an additional cash dividend of 0.14 sen per share less 25% income tax in respect of the financial year ended 31 December 2012 (“Additional Final Dividend”). Accordingly, with the recommendation of the Initial Final Dividend and the Additional Final Dividend (collectively “Final Dividend”), the total Final Dividend recommended by the Board in respect of the financial year ended 31 December 2012 is as follows: (i)        a tax exempt cash dividend of 3.0 sen per share; and (ii)       a cash dividend of 0.14 sen per share less 25% income tax. The Company will automatically move to the single tier tax system on 1 January 2014 and any future dividend payments will be tax exempt. The entitlement and payment dates of the Final Dividend will be announced in due course. This announcement is dated 18 April 2013.

Name	Tunku Ali Redhauddin ibni Tuanku Muhriz ("Tunku Ali")
Age	35
Nationality	Malaysian
Type of change	Redesignation
Previous Position	Director
New Position	Chairman & Director
Directorate	Independent & Non Executive
Qualifications	BA (Hons) in History and Social and Political Sciences from the University of Cambridge Masters in Public Administration from the John F Kennedy School of Government, Harvard University
Working experience and occupation	Tunku Ali brings with him significant experience and knowledge in the global investment field having been with Khazanah Nasional Berhad (“Khazanah”) from 2004 to 2010, where he was a Director in the Investments Division. There, he worked on a number of transformational projects and new investments in Malaysia and throughout Asia. Prior to Khazanah, Tunku Ali gained international client service experience while serving in McKinsey & Company as a management consultant from 1998 to 2004 where he worked on corporate strategy, organisational and governance projects in Europe, North America, and Asia. Presently, Tunku Ali sits on the boards of several companies including Asia Capital Reinsurance Malaysia, Themed Attractions and Resorts, Destination Resorts and Hotels and Iskandar Malaysia Studios. He is also the Chairman of the Board of Trustees of the Munarah Foundation, a Founding Trustee of Teach for Malaysia, a Governor of Marlborough College Malaysia and Pro-Chancellor of Universiti Sains Islam Malaysia.

Name	Dato' Ahmad Fuad bin Md Ali ("Dato' Fuad")
Age	60
Nationality	Malaysian
Type of change	Retirement
Designation	Deputy Chairman
Directorate	Non Independent & Non Executive
Qualifications	Chartered Accountant of the Malaysian Institute of Accountants (MIA) Member of the Malaysian Institute of Certified Public Accountants (MICPA) Fellow of the Association of Chartered Certified Accountants (UK)
Working experience and occupation	Dato’ Fuad has more than 30 years of extensive experience in the fields of finance, accounting, auditing and consultancy. He was a consultant in 1978 with Hanafiah Raslan & Mohamad (which merged with Arthur Andersen & Co. in 1990), and was made a principal of the branch office in Penang in 1982. Two years later, he was made a partner in charge of the management consulting division. In 1991, he headed the Audit and Business Advisory unit and in 1993, he was appointed to the office of a managing partner. He retired from Arthur Andersen & Co. in August 1995. In September 1995, he was appointed as the executive chairman of Malaysian Plantations Berhad. During his 3-year tenure, he was involved in and managed various projects including construction and property development, stock broking and finance related businesses. In early 2000, he ventured into oil & gas (“O&G”) industry-related support services, especially those relating to the complete operations and management side of various O&G installations. He also sits on the boards of various other private companies.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: - 750,000 ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares") which includes interest of 450,000 shares in the Company held by his spouse and daughter (which are treated as his interest pursuant to Section 134(12)(c) of the Companies Act, 1965; and Deemed Interest: - 330,777,700 BAB Shares held under RHB Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd.

Name	Dato' Sri Mahamad Fathil bin Dato' Mahmood ("Dato' Sri Fathil")
Age	64
Nationality	Malaysian
Type of change	Redesignation
Previous Position	Chairman & Director
New Position	Director
Directorate	Non Independent & Non Executive
Qualifications	Diploma from the Institute of Management Specialists in the United Kingdom (“UK”) Fellow of the British Institute of Management in the UK
Working experience and occupation	Dato’ Sri Fathil is an entrepreneur with 40 years of experience and knowledge in trading, maintenance, repair and overhaul (“MRO”), remanufacturing as well as management solution and services. His passion in these areas has driven him to form several companies namely MTU Services (Malaysia) Sdn Bhd which focuses on MRO business, Motor Teknologi & lndustri Sdn Bhd which focuses on remanufacturing and Pelasari Sdn Bhd which main focus is on management solution and services. These companies are now nestled under MFDM Holdings group of companies which he is the Group Executive Chairman. Dato’ Sri Fathil also has investments in the Oil & Gas industry where he is the Chairman of FPSO Ventures Sdn Bhd (FVSB), which provides operations and maintenance services mainly in Floating Production Storage Offloading (FPSO). Additionally, he is also the Chairman of Awan lnspirasi Sdn Bhd (“AISB”). AISB is in the aviation business providing offshore helicopter services for transportation of passengers/workers to offshore oil exploration and development for Oil & Gas companies.
Details of any interest in the securities of the listed issuer or its subsidiaries	Direct Interest: - 750,000 ordinary shares of RM0.20 each in Bumi Armada Berhad ("BAB Shares"); and Deemed interest: - 330,777,700 BAB Shares held under RHB Nominees (Tempatan) Sdn Bhd for Ombak Damai Sdn Bhd.

icy97

投標印尼合約碰釘‧阿瑪達有望獲北海合約

熱股評析  2013-04-30 17:31
（吉隆坡30日訊）阿瑪達（ARMADA，5210，主板貿服組）投標印尼Madura合約再次碰釘子，不過份析員認為該公司仍有望贏得北海Kraken計劃，同時看好越南TGT油田計劃可帶來更高盈利貢獻。

聯昌研究指出，阿瑪達管理層在最近會面中透露，Husky能源旗下Madura在印尼岸外氣體發展計劃的浮式生產儲油船（FPSO）供應合約將重新招標，早前兩家公司的投標價顯著高於此發展計劃的預算。據知投標價比8億5千700萬美元的預算高出逾40%。

由於投標價無法符合條件，Madura的合約將延遲頒發，對阿瑪達而言是一大挫折。

另外，阿瑪達在越南TGT油田區已完成初期測試，每日可產逾6萬桶原油，高於其5萬5千桶產能，更高的產量將為阿瑪達帶來更佳淨利。

聯昌仍看好阿瑪達有機會在2013年下半年贏得Kraken浮式生產儲油船合約，該公司是兩家投標公司之一，其對手為以百慕達為基地的Teekay。

該行繼續給予阿瑪達“超越大市＂評級，目標價為4令吉37仙。由於該公司現有浮式生產儲油船合約都屬長期性質，令其盈利可見度極為良好，預料該公司在2013至2015財政年可取得破記錄的淨利，3年每股淨利複合年成長率為21.4%。（星洲日報／財經）

icy97

BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD - INCORPORATION OF A NEW SUBSIDIARY
Pursuant to Paragraph 9.19(23) of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad, Bumi Armada Berhad (“Bumi Armada” or the "Company") wishes to announce that the Company has on 13 May 2013 incorporated a wholly-owned subsidiary in the Federal Territory of Labuan under the name of Bumi Armada Capital Offshore Ltd (“BACOL”). The issued and paid up capital of BACOL is United States One Dollar (USD1.00) consisting of one (1) ordinary share. The principal activities of BACOL is to obtain non-ringgit financing and to provide cash and debt management services, investment and financial risk management services and other treasury management services to the Bumi Armada group of companies. The incorporation of BACOL is not expected to have any material impact on the earnings or net assets of the Bumi Armada Group for the financial year ending 31 December 2013. None of the Directors and/or major shareholders of the Company or person connected to them have any interest, direct or indirect, in the said incorporation. This announcement is dated 13 May 2013.

icy97

阿瑪達首季淨利增22%

大馬 業績出爐  2013-05-22 10:50
（吉隆坡21日訊）截至今年3月31日止，阿瑪達（ARMADA，5210，主板貿服組）第一季淨利激增22.3%，從8千970萬9千令吉增至1億零967萬令吉。

第一季營業額達4億8千875萬5千令吉，上揚45.8%。

該公司首席執行員兼執行董事哈山巴斯馬在文告中說，印度石油和天然氣公司（ONGC）的新浮式生產儲油船（FPSO）合約、多艘離岸支援船（OSV）合約、俄羅斯盧克石油（OAO Lukoil）合約等，推高了第一季盈利。

他補充，該公司也在第一季獲得新浮式生產儲油船合約、4艘多功能平台支援船（MPSV）合約，並添購了柴油電動船艦Armada Condor，拓展深海中央管道和出油管（SURF）業務。（星洲日報／財經）

SUMMARY OF KEY FINANCIAL INFORMATION 31/03/2013

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31/03/2013	31/03/2012	31/03/2013	31/03/2012
		$$'000	$$'000	$$'000	$$'000

1	Revenue	488,755	335,112	488,755	335,112
2	Profit/(loss) before tax	130,901	107,978	130,901	107,978
3	Profit/(loss) for the period	110,411	90,037	110,411	90,037
4	Profit/(loss) attributable to ordinary equity holders of the parent	109,670	89,709	109,670	89,709
5	Basic earnings/(loss) per share (Subunit)	3.74	3.06	3.74	3.06
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	1.3400		1.2900

icy97

BUMI ARMADA BERHAD

EX-date	25/06/2013
Entitlement date	27/06/2013
Entitlement time	04:00:00 PM
Entitlement subject	Final Dividend
Entitlement description	Single tier tax exempt dividend of 3.0 sen per share and 0.14 sen per share less 25% income tax.
Period of interest payment	to
Financial Year End	31/12/2012
Share transfer book & register of members will be	to closed from (both dates inclusive) for the purpose of determining the entitlements
Registrar's name ,address, telephone no	Symphony Share Registrars Sdn Bhd Level 6, Symphony House Pusat Dagangan Dana 1 Jalan PJU 1A/46 47301 Petaling Jaya Selangor Darul Ehsan
Payment date	16/07/2013
a.Securities transferred into the Depositor's Securities Account before 4:00 pm in respect of transfers	27/06/2013
b.Securities deposited into the Depositor's Securities Account before 12:30 pm in respect of securities exempted from mandatory deposit
c. Securities bought on the Exchange on a cum entitlement basis according to the Rules of the Exchange.
Number of new shares/securities issued (units) (If applicable)
Entitlement indicator	Currency
Currency	Malaysian Ringgit (MYR)
Entitlement in Currency	0.0314

icy97

新合約成關鍵‧阿瑪達財測下調15%

熱股評析  2013-05-22 18:40
（吉隆坡22日訊）阿瑪達（ARMADA，5210，主板貿服組）在今年首季淨利符合一般市場預測；分析員認為，該公司未來業績表現能否達標，主要胥視它攫取新浮式生產儲油船合約的能力與時機而定。

馬銀行研究指出，該公司正在投標5項新浮式生產儲油船合約，預料今年最低目標是取得其中兩項合約，若取得至少3項合約，則是重估價值的催化因素。

興業研究將阿瑪達2013年財政年淨利預測，下調14.9%至4億6千200萬令吉，以及2014年則下調7.9%至5億8千500萬令吉，主要是在今年下半年，尚有待攫取第二項新浮式生產儲油船合約。較高船只貶值開支也是隱憂。

安聯研究維持2013年財政年淨利預測保持不變，不過，2014年及2015年則分別下調9.4%及15.6%，主要是對新浮式生產儲油船合約的頒發時機，採取較為保守謹慎態度。

MIDF研究指出，阿瑪達旗下3大核心業務皆取得成長，並看好其健全工程合約進展，可持續賺幅，填補大型工程合約的能力，以及估值偏低等利好。

隨著該公司首季業績標青，使阿瑪達股價今日一度漲升16仙或是4.02%，至4令吉14仙高峰。全天收市時，該公司起6仙至4令吉零4仙，成交量達1千零87萬3千300股。（星洲日報／財經）




布米阿玛达FPSO业务支撑盈利

財经 2013年5月22日
（吉隆坡22日讯）布米阿玛达（ARMADA，5210，主板贸服股）2013財政年首季（截至3月31日止）取得尚佳业绩，营业额与净利皆取得增长，符合市场的预期，而分析员相信浮式生產储油船（FPSO）业务將持续支撑其净利增长。       

布米阿玛达21日公佈2013財政年首季业绩，营业额按年上升45.85%，至4亿8876万令吉；净利亦涨了22.25%，至1亿零967万令吉。

好业绩的带动下，布米阿玛达的股价在22日大幅走高，自今年4月18日以来再度衝破每股4.00令吉关口，最终收报4.04令吉，全天涨幅为6仙或1.51%，成交量达1087万3300股。

黄氏星展唯高达研究分析员表示，布米阿玛达第一季净赚约1.1亿令吉，占他与市场全年预测的20%和23%，大致上符合预期。其首季营业额持续成长，虽然岸外支援船（OSV）业务的营收跌了13%，但运输和安装（T&I）业务的营业额上升21%，抵销前者的衝击。

该分析员补充，「岸外支援船业务的扣除利息和税项前之收入（EBIT）按季下跌11%，但按年上升103%，油船的使用率为83%，EBIT赚幅则是维持在28%。」

同时，安联研究分析员亦认为，该公司的业绩表现符预期，惟浮式生產储油船（业务的表现较疲弱，因为部份油船需要进行维修工作而拉低了该业务的赚幅。

另一方面，艾芬投行分析员指出，布米阿玛达正在竞標7项浮式生產储油船合约，这些合约来自大马、印尼和非洲西部等地。

「我们相信布米阿玛达在竞標合约方面占一定的优势，今年下半年至少可以获得一项合约。」

截至2013年3月尾，布米阿玛达的合约订单总值为79亿令吉，若选择续约，合约价值为43亿令吉。

综合上述利好因素，黄氏星展唯高达研究维持布米阿玛达的「全面反映市值」评级和3.30令吉目標价。安联研究维持其「中和」评级，但把目標价从3.58令吉上修至4.43令吉。而艾芬投行把其「减持」评级上修至「增持」之余，目標价也从3.44令吉上调至4.40令吉。[东方日报财经]

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BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD ("BUMI ARMADA" or "COMPANY") - INCORPORATION OF A NEW SUBSIDIARY
Bumi Armada wishes to announce that with effect from 23 May 2013, Bumi Armada Ghana Limited (“BAGL”) has been wholly-owned by Bumi Armada, via Bumi Armada Offshore Holdings Limited (“BAOHL”), another wholly-owned subsidiary of Bumi Armada. Background BAGL was incorporated in Ghana on 19 December 2012 under the Ghana Companies Act, 1963 (Act 179) as a limited liability company. To facilitate the incorporation, 100,000 shares at the consideration of GHC100,000.00 were subscribed for and held by Bumi Armada’s Executive Director, Hassan Assad Basma (“Hassan Basma”) on behalf of BAOHL. The shares held by Hassan Basma in BAGL have been transferred to BAOHL on 23 May 2013.   The authorised capital of BAGL is 100,000,000 shares, of which 100,000 ordinary shares have been issued and paid-up. BAGL is currently dormant and its principal activities are the provision of floating production storage & offload and offshore supply vessels. Rationale The incorporation is to facilitate the future expansion plans and operations of the Bumi Armada Group. Financial Effect The incorporation is not expected to have any material effect on the earnings or net assets of the Bumi Armada Group for the financial year ending 31 December 2013. Directors' and Major Shareholders' Interests Director, Hassan Basma held the shares in trust for BAOHL to facilitate the incorporation of BAGL. Save as disclosed herein, none of the Directors and/or Major Shareholders of the Company or persons connected with them have any interest, direct or indirect, in the incorporation. This announcement is dated 27 May 2013.

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BUMI ARMADA BERHAD

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD ("BUMI ARMADA" or "COMPANY") - INCORPORATION OF A NEW SUBSIDIARY
Bumi Armada Berhad ("Bumi Armada" or the "Company") wishes to announce that Bumi Armada Capital Malaysia Sdn. Bhd. (“BACM”) has been incorporated as a wholly-owned subsidiary of Bumi Armada on 26 June 2013. BACM was incorporated in Malaysia under the Companies Act, 1965 as a private company limited by shares. The authorised capital of BACM is RM400,000.00 comprising 400,000 ordinary shares of RM1.00 each, of which 2 ordinary shares which are wholly and beneficially owned by Bumi Armada have been issued and fully paid-up. BACM has been set-up for the purposes of providing and obtaining financing and other facilities, and providing cash and financial management services, investment and financial risk management services and other treasury management services to the Bumi Armada Group of companies. The incorporation of BACM is not expected to have any effect on the earnings or net assets of Bumi Armada for the financial year ending 31 December 2013. None of the Directors and/or Major Shareholders of the Company or persons connected with them have any interest, direct or indirect, in the said incorporation. This announcement is dated 27 June 2013.

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布米阿马达获5.7亿俄工程

财经新闻 财经  2013-07-07 11:04
（吉隆坡6日讯）布米阿马达（ARMADA，5210，主板贸服股）在俄罗斯油田负责的原有工程取得额外5亿6760万令吉设计、采购、安装和建造（EPIC）工程，此计划预计带动该公司现财年营业额与盈利。

据布米阿马达文告，其俄罗斯独资子公司布米阿马达Caspian LLC已和当地主要业者OOOLUKOIL-Nizhnevolzheskneft（简称Lukoil）签署一项附属协议，以在俄罗斯里海（Caspian Sea）的Filanovsky和Korchagin油田进行EPIC工作。

此附属工程的工作范围包括管线钢管（line pipe）和相关附件的工程与采购工作，以及安装和预调试6条油田内/油田之间管道，总长度为大约40公里。

料2015年竣工这计划预计在2015年完成，而取得此附属合约后，布米阿马达的交通与装置订单已增加至超过20亿令吉。

布米阿马达执行董事兼总执行长哈山巴斯马表示，布米阿马达能够取得此附属协议，显示Lukoil对该公司的能力有信心，也意味着双方已建立良好的合作关系。

他说：“这将进一步巩固我们成为这区域主要EPIC供应商的地位。”[南洋网财经]

Type	Announcement
Subject	OTHERS
Description	BUMI ARMADA BERHAD (“BUMI ARMADA” or the “COMPANY”) - SUPPLEMENTARY AGREEMENT TO THE EXISTING CONTRACT WITH OOO LUKOIL-NIZHNEVOLZHSKNEFT FOR ADDITIONAL WORKS IN LUMP SUM
INTRODUCTION We refer to the announcement made by Bumi Armada on 16 April 2012 in relation to a contract awarded to its wholly-owned subsidiary, Bumi Armada Caspian LLC (“BAC LLC”) by OAO LUKOIL (“LUKOIL”) through its subsidiary, OOO LUKOIL-Nizhnevolzhskneft, for engineering, procurement, installation and pre-commissioning of subsea in-field and inter-field pipelines for the Filanovsky field in the Russian sector of the Caspian Sea, in the Federation of Russia (“Existing Contract”). Bumi Armada is pleased to announce that BAC LLC has today entered into a Supplementary Agreement to the Existing Contract with OOO LUKOIL-Nizhnevolzhskneft for an additional EPIC works (approximately 40 kms of additional pipelines) on a lump sum basis. The total price payable (under the Supplementary Agreement for the additional EPIC works is RM567.6 million* (USD178.5 million). LUKOIL is a major international vertically-integrated oil and gas company and one of the biggest Russian oil business groups. FINANCIAL EFFECTS These additional works, which are valued at RM567.6 million* (USD178.5 million) is expected to contribute positively to the revenue and earnings of Bumi Armada for the financial year ending 31 December 2013 and the financial periods thereafter for the duration of the Supplementary Agreement.   RISKS ASSOCIATED WITH THE VARIATION ORDER The risks associated with the Variation Order are normal operational risks which can be mitigated through Bumi Armada’s system of project management and internal business controls. DIRECTORS’ AND MAJOR SHAREHOLDERS’ INTERESTS None of the Directors and/or Major Shareholders of the Company or persons connected with them has any interest, direct or indirect in the Variation Order. This announcement is dated 5 July 2013.

Attachments Press Release - Bumi Armada extend its wins.pdf

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阿瑪達料攫新合約助重估

熱股評析  2013-07-09 17:56
（吉隆坡9日訊）阿瑪達（ARMADA，5210，主板貿服組）獲得俄羅斯油公司Lukoil第二項總值1億7千800萬美元（約5億6千800萬令吉）運輸裝置（T&I）合約，為後者里海的油田提供額外工程、採購、裝置以及啟用前的工程服務，涉及額外約40公里的輸送管，而阿瑪達井架鋪管駁船將負責水低鋪管工作，料於2015年完成。

分析

分析員展望正面，不過因已納入之前預測，認為油田服務（OFS）將抵銷收益，運輸裝置也非主要盈利貢獻來源，因此維持財測不變，反而看好即將獲取得浮式生產儲油船艦（FPSO）合約將成為驚喜重估催化劑。

馬銀行研究初步預計上述合約將在2013至2015財政年，每年貢獻盈利2至3%或5千600萬至6千700萬令吉。

“正面看待該公司2013年在歐洲及非洲獲取1至2項新浮式生產儲油船艦工程的機率，這些工程料成為重估的催化劑。”

這是該公司獲取得第三項里海工程，若在預期內完成，預見商機處處，因除了首期里海天然氣化中心工程，Lukoil公司也放眼在2015至2021年，逐步推出第二期工程，估計2012至2021年資本開銷180億美元（約565億令吉）。

MIDF研究正面看待新合約，因目前的額外40公里的輸送管工程，每公里成本已比之前的220萬美元（690萬令吉）倍增至450萬美元（約1千430萬令吉），不過因已納入潛在盈利預測，維持盈利預測不變。

概括新合約，阿瑪達總訂單量約達85億令吉，可選延續合約43億令吉，近68%訂單為浮式生產儲油船艦（FPSO）工程，18%為運輸裝置及14%為離岸支援船（OSV）工程。

豐隆研究表示，新合約符合預期，將確保運輸裝置業務比去年更順利展開，而競標中的天龍石油及巴西國油運輸裝置工程，任何合約到手都將為上揚帶來驚喜。

目前，阿瑪達競標歐洲Kraken、大馬Belud及印尼Mandura浮式生產儲油船艦，另外也將潛在競標安格拉及巴西工程，不過將面臨新業者加入市場、執行風險如漏油及清潔費用、高比例船舶維修風險。（星洲日報／財經）




俄国5.7亿工程已纳入计算 布米阿马达财测维持

财经新闻 财经  2013-07-11 11:38
（吉隆坡10日讯）虽然布米阿马达（ARMADA，5210，主板贸服股）在俄罗斯油田负责的原有工程取得额外5亿6760万令吉设计、采购、安装和建造（EPIC）工程是正面发展，但不足以让投行提高对该公司的财测。

同时，投行仍把焦点放在其浮式生产储油轮（FPSO）业务的发展，因这才是公司最大的净利贡献。

根据多项分析报告指出，投行已预计公司的运输及安装（T&I）业务将取得额外工程，所以皆保持公司的财测不变。

订单增至100亿

安联研究分析员预计，这将推高公司的订单合约至100亿令吉。

“这对布米阿马达是正面的消息，因这显示里海（Caspian Sea）越来越多发展机会。在这之前，公司在这项业务只有一名客户，就是国油探勘（Petronas Carigali）。”

不过，由于分析员已预计公司将取得额外的运输及安装工程，所以他们不会改变公司净利预测。

同时，兴业研究分析员则表示：“公司至今仍缺乏第二项浮式生产储油轮合约，所以这项新合约将成为扶持财测的唯一催化剂，因而不会调整净利预测。”

由于公司获颁新的浮式生产储油轮合约的预计，以及其他业务的成长已纳入该分析员及市场的预测，因而维持“中和”的投资评级。

此外，分析员认为该股目前股价已全面反映的价值，所以维持4.43令吉的目标价格。

浮式储油轮业务贡献最大

安联研究分析员指出，虽然运输及安装部的发展正面，但真正带动公司净利的是浮式生产储油轮业务，这业务的新合约流动量仍非常缓慢。

布米阿马达仍在看中数项浮式生产储油轮工程，这包括马来西亚、印尼、非洲、北海（North Sea）、以及墨西哥湾的潜在新联营。

虽然获颁浮式生产储油轮合约的时机不稳定，但是丰隆及马银行投行仍看好公司可取得1至2项合约。

马银行投行说：“我们持续看好公司有机会在今年取得1至2项新浮式生产储油轮合约，分别在欧洲Kraken及非洲，这将成为公司重新调高评级的催化剂。”[南洋网财经]