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Business 01 Apr 2014 | 12:00 AM

Bumi Armada bags its biggest FPSO job

PETALING JAYA: Bumi Armada Bhd has won its largest floating production, storage and offloading vessel (FPSO) job to date for a deepwater oilfield offshore Angola valued at US$2.9bil (RM9.5bil), with the conversion alone likely to cost some US$1.5bil (RM4.91bil).

Business 01 Jul 2011 | 12:00 AM

Bumi Armada plans to raise RM2.8bil from IPO

KUALA LUMPUR: Offshore oil and gas service provider Bumi Armada Bhd plans to raise about RM2.8bil from its initial public offer (IPO) that will see the sale of 878.54 million existing and new shares at an indicative retail price of RM3.15.

Corporate News 28 Aug 2014 | 12:00 AM

Bumi Armada prices rights issue at high discount

PETALING JAYA: International offshore oilfield services provider Bumi Armada Bhd’s rights shares have been fixed at RM1.35 apiece, which is a 32% discount to the theoretical ex-all price (TEAP) of RM1.98 per share.

Corporate News 06 Oct 2017 | 12:00 AM

Higher capex for Bumi Armada

PETALING JAYA: Bumi Armada Bhd might need to raise about US$311mil (RM1.3bil) through a rights issue if it lands a major floating production storage and offloading (FPSO) project, said CIMB Research.

Business 08 Dec 2014 | 12:00 AM

Bumi Armada bogged down with low oil and share prices

PETALING JAYA: Bumi Armada Bhd’s long-serving chief executive officer Hassan Basma’s (pic) departure comes at a challenging time for the oil and gas (O&G) outfit, considering the current low oil price environment and its already battered down share price.

Business 29 Mar 2010 | 12:00 AM

Ananda Krishnan's Bumi Armada to be listed?

PETALING JAYA: Talk of an initial public offering (IPO) of T Ananda Krishnan's oil and gas support services company, Bumi Armada Bhd, has surfaced again, after years of speculation.

Business 14 Feb 2017 | 12:00 AM

Bumi Armada 'buy', Paramount 'buy', Oldtown 'outperformed',Sunway 'buy'

BUMI Armada Bhd can expect incoming cashflow from its floating production, storage and offloading (FPSO) unit Olombendo, by this week as oil production from project offshore Angola will commence ahead of initial estimates.

Business 09 Nov 2015 | 12:07 PM

CIMB says merger deal to benefit MISC and Bumi Armada

KUALA LUMPUR: CIMB Research says the merger deal between MISC Bhd and Bumi Armada Bhd offers an opportunity for MISC to grow its portfolio of stable cashflow assets, while growth in the oil and gas environment is stagnant.

Business 18 Mar 2014 | 12:00 AM

Bumi Armada kept at 'buy'

AmResearch maintains its “buy” call on Bumi Armada Bhd with unchanged sum-of-parts (SOP)- based fair value of RM5.15 per share, which implies a financial year ending Dec 31, 2014 forecast (FY14F) price-earnings ratio (P/E) of 23 times - a 15% premium to oil and gas stocks with market valuations above RM1bil.

Business 16 Dec 2014 | 12:00 AM

Mainly Ananda Krishnan-owned Bumi Armada to be taken private again?

PETALING JAYA: Bumi Armada Bhd’s tumbling share price and the sudden departure of its chief executive officer on Dec 5 is fuelling talk that the company could be taken private again.