You have searched for "Bumi Armada Bhd"
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KUALA LUMPUR: Bumi Armada Bhd posted net losses of RM219.54mil in the first quarter ended March 31,2020 due to non-cash impairments of RM314.4mil as it took a hit from the collapse in oil prices.
PETALING JAYA: Petroliam Nasional Bhd’s plan to slash its budget could see it saving some RM17bil, but this may be insufficient for the state-owned oil and gas (O&G) giant to weather the challenging economic environment, according to a local research house.
KUALA LUMPUR: Offshore oil and gas (O&G) exploration activities is expected to remain muted in 2020, given the current lower oil price and demand environment amidst the COVID-19, says Bumi Armada Bhd.
PETALING JAYA: The local stocks staged a rally despite news that the United States and eurozone economy shrank as business and household activity froze from the measures to contain the coronavirus pandemic.
Covid-19 has forced them to cut capital spending, delay projects, cut production and increase debt
PETALING JAYA: Stocks on Bursa Malaysia took leads from sombre oil prices and overnight losses from the Dow Jones, and dutifully corrected, but only in the morning session of trading.
Service providers could face earnings compression on low oil prices
PETALING JAYA: The outlook for the oil and gas (O&G) sector remains bleak for the year, fuelling speculation of another round of restructuring
KUALA LUMPUR: Stocks to watch on Thursday include Bumi Armada Bhd, AMMB Holdings Bhd, Sedania Innovator Bhd, Serba Dinamik Holdings and Xidelang Holdings Ltd, according to JF Apex Research.