Added to YB: 2026-06-30
Pitch date: 2026-06-26
ARMADA.KL [bullish]
Bumi Armada Berhad
Author Info
No bio for this author
Company Info
Bumi Armada Berhad, an investment holding company, engages in providing floating production storage and offloading (FPSO) operations, and exploration, engineering, and maintenance services to offshore oil and gas companies.
Market Cap
MYR 2.0B
Pitch Price
MYR 0.33
Price Target
0.99 (+200%)
Dividend
3.03%
EV/EBITDA
4.07
P/E
6.60
EV/Sales
1.96
Sector
Energy Equipment and Services
Category
value
Weird Shit Investing 2026 - Bumi Armada Berhad
ARMADA.KL: Malaysian FPSO owner (7 mid-size assets), scarce 'security-first' offshore O&G plays. Profitable 7 yrs straight, 35% LTM FCF yield, 35.9% D/E, 3.0x EBITDA/interest. Trades 0.3x P/TBV; re-rate to 0.6x=100% upside, 0.9-1.0x=200%+. Catalysts: offshore revival, Tangkulo bid win, backlog growth, debt cuts, M&A, dividends/buybacks. Asymmetric event-driven bet.
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