External broker reports(aggregated public sources), Kenanga Investment Bank Bhd

Kenanga Investment Bank Bhd

External broker reports(aggregated public sources)

Established for more than 45 years, Kenanga Investment Bank Berhad is a financial group in Malaysia with extensive experience in equity broking, investment banking, treasury, Islamic banking, listed derivatives, investment management, wealth management, structured lending and trade financing. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>ARMADA announced that an additional hydraulic submersible pump (HSP) transformer on FPSO Armada Kraken has been reconditioned and reinstalled.</li><li>Following this, the vessel’s operations are now fully restored to pre-shutdown levels.</li><li>This is within our expectations as we had earlier factored in partial loss of charter income from Kraken in Jun−Aug CY23. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ARMADA announced that an additional hydraulic submersible pump (HSP) transformer on FPSO Armada Kraken has been reconditioned and reinstalled.Following this, the vessel’s operations are now fully restored to pre-shutdown levels.This is within our expectations as we had earlier factored in partial loss of charter income from Kraken in Jun−Aug CY23. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Company Update - Bumi Armada - Kraken Fully Restored

External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

<ul><li>Bumi Armada (BAB) secured a one-year contract extension for Armada Sterling II Floating Production Storage Offloading (FPSO), worth USD43m via its 49.99%- owned JV company SP Armada Oil Exploration Pte Ltd.</li><li>To recap, Armada Sterling II FPSO was originally signed on 13 March 2013 with a nine-year contract valued at USD740m with a seven-year extension option on yearly basis, with aggregate value of USD340m.</li><li>The original nine-year time-charter will expire on 7 March 2024.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Bumi Armada (BAB) secured a one-year contract extension for Armada Sterling II Floating Production Storage Offloading (FPSO), worth USD43m via its 49.99%- owned JV company SP Armada Oil Exploration Pte Ltd.To recap, Armada Sterling II FPSO was originally signed on 13 March 2013 with a nine-year contract valued at USD740m with a seven-year extension option on yearly basis, with aggregate value of USD340m.The original nine-year time-charter will expire on 7 March 2024.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Malaysia

Bumi Armada Bhd is an international offshore services provider to the oil and gas industry in Malaysia and other countries in Asia.  The Company owns and operates offshore support vessels to provide support for exploration, development and production activities in the offshore O&G industry.

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Bumi Armada (BAB MK)

Company Update - Bumi Armada - Kraken Fully Restored

ARMADA announced that an additional hydraulic submersible pump (HSP) transformer on FPSO Armada Kraken has been reconditioned and reinstalled.

Kenanga Investment Bank Bhd

Armada Sterling II Extension

Bumi Armada (BAB) secured a one-year contract extension for Armada Sterling II Floating Production Storage Offloading (FPSO), worth USD43m via its...

Public Investment Bank Bhd

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