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.

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External broker reports(aggregated public sources)

Equity Bottom-Up

<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><p><em>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.</em></p>

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.

Bumi Armada

Armada Sterling II Extension