Markets in turmoil as oil price crashes

PETALING JAYA: Ongoing worries over the economic fallout from the Covid-19 outbreak and a plunge in global crude oil prices hammered asset classes in Malaysia with the stock and the palm oil markets landing body blows from the global rout.

Short selling of O&G stocks suspended after sharp fall

KUALA LUMPUR: The short selling activities of multiple oil and gas stocks has been suspended for the rest of the day following a sharp plunge in the share price.

Trading ideas: Uzma, Top Glove, GuocoLand, Pintaras, PRG, MBSB

KUALA LUMPUR: Uzma Bhd, Top Glove Corp Bhd, Guocoland (M) Bhd, Pintaras Jaya Bhd, PRG Holdings Bhd, Malaysia Building Society Bhd and Bumi Armada Bhd are among the stocks to watch on Tuesday, according to JF Apex Research.

Bumi Armada’s in profit

Bumi Armada posts net profit of RM58m in FY19

KUALA LUMPUR: Bumi Armada Bhd posted net profit of RM58.51mil in the financial year ended Dec 31,2019 which in contrast with net losses of RM2.30bil in FY18.

What now for Bumi Armada?

Things were beginning to look up for Bumi Armada Bhd after it refinanced some of its debts and returned to the black in the third quarter ended September last year (3QFY19).

Worst for Bumi Armada is over, debt issues resolved

PETALING JAYA: The loss of its claims against Australia’s oil firm Woodside Energy Julimar Pty Ltd (WEJ) will unlikely have a material impact on the financial position of Bumi Armada Bhd.

Bumi Armada loses Woodside dispute

PETALING JAYA: Bumi Armada Bhd’s claim against Australia’s oil firm Woodside for the termination of a contract for its floating production storage and offloading unit (FPSO) vessel Armada Claire back in 2016 has been dismissed in court.

Australian court rules in favour of Woodside in dispute with Bumi Armada

KUALA LUMPUR: The Australian Supreme Cout ruled in favour of Woodside Energy Julimar Pty Ltd (WEJ) against Bumi Armada Bhd over a contract to provide floating production storage and offloading services on Sept 30,2011.

Mixed bag of results in third quarter

PETALING JAYA: The recently concluded third quarter corporate results for 2019 showed marginal improvements over the preceding quarter.