DOCSLIB.ORG

Malaysia Bumi Armada

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Malaysia Bumi Armada PP16832/01/2013 (031128) Malaysia Initiating Coverage 6 March 2012 Buy (new) Bumi Armada The Armada strikes back Share price: RM4.13 Target price: RM4.88 Initiating coverage with a Buy and RM4.88 target price. Bumi Armada (BA) offers a niche exposure to the Floating Production, Wong Chew Hann, CA Storage and Offloading (FPSO) market. As one of the fastest growing [email protected] FPSO operators in the world, it has set its sights on being the Top 4 (603) 2297 8688 player in terms of FPSO fleet size by 2013. It is also poised to gain traction in Malaysia’s O&G sector, as it leverages on PETRONAS’ Chong Ooi Ming capex programme. BA, which is steadfastly building up franchise [email protected] (603) 2297 8676 values, is a steady growth stock with a 3-year net profit CAGR of 25%. Bigger, bolder, better. BA is today a giant compared to its previous self. The restructured entity is now a powerhouse with a global presence, covering 4 core operations – FPSO, Offshore Supply Vessel (OSV), Transportation & Installation (T&I) and Offshore Field Services Stock Information (OFS). It commands an armada of 53 vessels: 5 FPSOs, 46 OSVs, 1 Description: Integrated Oilfield services provider with 4 pipelay barge and SURF vessel operating across the the world. core operations: FPSOs, OSVs, T&I vessels and offshore field services. In an entrenched position to ride global E&P programmes. We see Ticker: BAB MK innumerable opportunities for BA to capitalize on the: (i) 125 potential Shares Issued (m): 2,928.5 FPSO projects worldwide, (ii) requirement for new, highly technical Market Cap (RM m): 12,094.5 3-mth Avg Daily Volume (m): 3.73 OSVs to support global deepwater programmes, (iii) services for the KLCI: 1,589.22 subsea umbilicals, risers and flowlines (SURF), inspection, repair and Free float (%): 29.6 maintenance (IRM) markets, and (iv) increasing number of offshore Major Shareholders: % development projects in Malaysia (marginal field and Enhanced Oil Objektif Bersatu Sdn Bhd 42.4 Recovery (EOR) development) and the Caspian region. Ombak Damai Sdn Bhd 11.6 Wijaya Sinar Sdn Bhd 7.3 Set to embark on an aggressive asset expansion plan. We see BA Karisma Mesra Sdn Bhd 5.4 prospecting for new assets for growth. BA will likely double its FPSO Key Indicator s assets, triple its SURF vessels and add 4 new OSV vessels to its fleet Net cash (RM m): (1,760.6) by 2015. This is possible as it has the balance sheet to support the NTA/shr (RM): 1.20 heavy capex (estimated RM6.4b) for its expansion programme while Net gearing (x): 0.5 keeping its net gearing below the 1.5x threshold. Histor ical Chart Strong earnings visibility 3 years out. We project a 3-year net profit CAGR of 25%. All divisions will contribute to growth, fueled by new 4.5 BAB MK Equity vessels (FPSO, OSV, pipelay barges) progressively coming onstream 4.2 and higher utilization (ex-dayrate revision) for the existing vessels. Source: Maybank IB 3.9 Bumi Armada – Summary Earnings Table FYE Dec(RM m) FY10A FY11A FY12F FY13F FY14F 3.6 Revenue 1,241. 4 1,543. 9 1,800. 7 2,220. 6 2,504. 3 EBITDA 715.6 845.1 1,048. 7 1,272. 6 1,442. 0 3.3 Recurring Net Profit 350.8 387.3 532.2 627.5 706.9 Recurring Basic EP S (Sen) 12. 0 13. 2 18. 2 21. 4 24. 1 3.0 EPS growth (%) 26. 4 10. 4 37. 4 17. 9 12. 6 Jul -11 Sep-1 1 No v-11 Ja n-12 DPS (Sen) 0.0 2.5 0.0 0.0 0.0 PER 34. 5 31. 2 22.7 19. 3 17. 1 Performance: EV/E BITDA (x) 21. 3 16. 4 13.9 11. 8 10. 4 52-week High/Low RM4.33/RM3.03 Div Yiel d (%) 0.0 0.6 0.0 0.0 0.0 P/BV( x) 13. 8 3.4 3.0 2.6 2.3 1-mth 3-mth 6-mth 1-yr YTD Net Gearing (%) 359.0 49. 9 61.6 63. 0 54. 4 Absolute (%) 4.0 11.3 na na 0.7 ROE (%) 40. 1 10. 9 13.3 13. 5 13. 2 ROA (%) 10. 8 9.3 9.2 9.2 9.1 R e la t ive (% ) 0.8 3.8 na na (3.1) Consensus Net Profit (RM m) - - 585.0 706.5 794.4 Ki m Eng Hong Kong i s a subsi di ar y of Ml a ayan Banki ng Ber had 6 March 2012 Page 1 of 60 Bumi Armada Table of contents Page Key investment merits 3 Introduction: Bigger, bolder, better 4 Snapshot of Bumi Armada’s operations • Floating Production, Storage & Offloading (FPSO) 7 • Offshore Supply Vessel (OSV) 12 • Transport & Installation (T&I) 16 • Offshore Field Services (OFS) 16 • Revenue and EBIT breakdown 17 Floating, Production, Storage & Offloading (FPSO) • Fundamentals 20 • Opportunities 26 Offshore Supply Vessel (OSV) • Fundamentals 29 • Opportunities 38 Transport & Installation (T&I) • Fundamentals 39 • Opportunities 40 Offshore Field Services (OFS) • Fundamentals 42 • Opportunities 45 FInancials • Financial projections 48 Valuation 51 Peers’ v aluations – FPSO operators 52 Peers’ v aluations – OSV operators 52 Risks 53 Financial statements 55 Appendix : Captains & Commanders of the Armada 57 6 March 2012 Page 2 of 60 Bumi Armada Key investment merits Introduction. The Bumi Armada of today is a transformed entity. The Group has been restructured and now has four businesses: (i) FPSO, (ii) OSV, (iii) T&I and (iv) OFS, with a global presence in each segment. The company is driven by a dedicated, experienced and professional management team, compri si ng talent from mul ti pl e nati onal ities. Solid business model. We like the FPSO space. It provides steady visibility (contracts and earnings) with reasonable IRRs. Competition is limited given the high investment and technical hurdle requirements. Bumi Armada’s OSV operation, relatively new, modern and modulated to the high-end vessel segment is a positive, for it provides respectable utilisation and day rates. Bumi Armada’s stint in the T&I and OFS divisions has been brief so far but has delivered the desired results. Well-positioned to push for new contracts, locally and globally. Prospects are bright for Bumi Armada to ride on the global O&G capex upcycle, as it capitalises on the growing demand for new FPSO and OSV charters, as well as growing requirements for brownfield developments. In the domestic (i.e. Malaysia) space, the prospect of leveraging on PETRONAS’ deepwater, marginal field and enhanced oil recovery (EOR) field projects is high. It has both the operational foresight and financial structure to leverage and support its expansion programmes. Powering up - w here growth and aspirations meet. We opine that Bumi Armada has the balance sheet to fund 3 new SURF vessels, 5 FPSOs and 8 OSVs over the next three years without straining its cashflow and gearing levels. This is a sensible aspiration, which would propel Bumi Armada to become the fourth largest FPSO operator globally with a competitive edge to boot. A tow ering growth stock with rew arding returns. With a 3-year net profit CAGR forecast of 25%, its relentless pursuit of excellence will secure Bumi Armada the status of fastest-growing operator among its global peers. However, given prospects for high growth, we believe that i t is unl i kel y that Bumi Armada will reward sharehol ders wi th meaningful di vi dends i n the foreseeabl e future. High conviction: valuations with compelling growth prospects. We value Bumi Armada at RM4.88, using the sum-of-part (SOP) valuation methodology. At our target, Bumi Armada would have a market capitalisation of RM14.3b, a valuation that would see it become the largest FPSO player worldwide by market value (ahead of SBM’s RM10.3b), while outpacing its contemporaries in growth and profit margins. Ki m Eng Hong Kong i s a subsi di ar y of Ml a ayan Banki ng Ber had 6 March 2012 Page 3 of 60 Bumi Armada Bigger, bolder, better Bumi Armada – remembering the old days. The Bumi Armada of yesterday was just a shadow of its present incarnation. The previous entity, listed on 25 June 1997 and delisted six years later on 18 April 2003 (with a market capitalization of RM441m), was primarily engaged in just two main business activities: (i) offshore support vessel (OSV) operations, and (ii) offshore construction, installation & maintenance services. Operations then were predominantly domestic-centric, supported by 25 vessels, 2 tanker support vessels and a Floating Production, Storage and Offloading (FPSO) system. The present day – rejuvenated and ready to ride the waves. T he group has since been restructured and the Bumi Armada of today is a much larger and more di versi fied entity wi th a gl obal reach. True to its name, it really has burgeoned into an armada, with a fleet of 5 FPSOs (including two undergoing conversion), 46 OSVs, one pipe-laying barge and another SURF vessel, making it the jointly fifth-largest FPSO operator in the world and the third-largest OSV operator in Southeast Asia. Meanwhile, its business has grown to encompass four segments: (i) FPSO, (ii) OSV, (iii) Transport & Installation (T&I) and (iv) Offshore Field Services (OFS) with two support units: Fleet Management Services (FMS), and Engineering, Procurement and Construction (EPC). Usaha Tegas Group (UT) is the largest shareholder. UT, a privately- owned holding company, presently holds a 42.4% stake, held through Objektif Bersatu Sdn Bhd (OBSB).
Load more

Recommended publications
  • Sustainable Palm Oil Cluster Betong & Spaoh
    PF824 MSPO Public Summary Report Revision 1 (Feb 2020) MALAYSIAN SUSTAINABLE PALM OIL - RECERTIFICATION ASSESSMENT Public Summary Report LEMBAGA MINYAK SAWIT MALAYSIA (MPOB) CAWANGAN BETONG Client company Address: MPOB Cawangan Betong 1st & 2nd Floor, Sublot (56) Lot 1992, Block 9, Batu Api Land District 95700 Bandar Baru Betong, Phase 3 Sarawak, Malaysia Certification Unit: MPOB Sustainable Palm Oil Cluster (SPOC Q10) Betong & Spaoh Location of Certification Unit: Betong, Sarawak, Malaysia Report prepared by: Muhamad Naqiuddin Mazeli (Lead Auditor) Report Number: 3091822 & 3277573 Assessment Conducted by: BSI Services Malaysia, (DSM Accreditation Number: MSPO 09112018 CB 12) Suite 29.01 Level 29 The Gardens North Tower, Mid Valley City Lingkaran Syed Putra, 59200 Kuala Lumpur Tel +60392129638 Fax +60392129639 www.bsigroup.com Page 1 of 47 PF824 MSPO Public Summary Report Revision 1 (Feb 2020) TABLE OF CONTENTS Page No Section 1: Executive Summary ........................................................................................ 3 1.1 Organizational Information and Contact Person ........................................................ 3 1.2 Certification Information ......................................................................................... 3 1.3 Location of Certification Unit ................................................................................... 3 1.4 Certified Area ........................................................................................................ 4 1.5 Plantings & Cycle ..................................................................................................
    [Show full text]
  • SARAWAK GOVERNMENT GAZETTE 27Th May, 2010] 1639
    SARAWAK GOVERNMENT GAZETTE 27th May, 2010] 1639 THE SARAWAK GOVERNMENT GAZETTE PART V Published by Authority Vol. LXV 27th May, 2010 No. 22 G.N. 2050 THE ADVOCATES (INQUIRY COMMITTEE) RULES, 1988 APPOINTMENT OF MEMBERS OF THE INQUIRY COMMITTEE Pursuant to Rule 3(3) of the Advocates (Inquiry Committee) Rules, 1988 [Swk. L.N.(F) 70/88], I, the Chief Judge of the High Court in Sabah and Sarawak, hereby appoint the following persons to be members of the Inquiry Committee established under the Rules for a period of two years with effect from the 3rd May, 2010: Mr. Lee Chuan Eng — Chairman Mr. Francis Ting — Secretary Mr. George Lim — Member Mr. David Lim — Member Dated this 19th day of April, 2010. TAN SRI DATUK SERI PANGLIMA RICHARD MALANJUM, Chief Judge of Sabah and Sarawak FOOTNOTE: The President of the Advocates’ Association of Sarawak is also a member of the Inquiry Committee by virtue of rule 3(2)(c) of the Advocates (Inquiry Committee) Rules, 1988. Ref: (68) dlm. JUD/366/1 G.N. 2051 THE SARAWAK FOUNDATION ORDINANCE, 1971 APPOINTMENT OF DEPUTY CHAIRMAN OF THE BOARD OF TRUSTEES OF THE SARAWAK FOUNDATION In exercise of the powers conferred by section 5(1)(a) of the Sarawak Foundation Ordinance, 1971 [Ord. No. 4/1971], the Yang di-Pertua Negeri has appointed YBhg. SARAWAK GOVERNMENT GAZETTE 1640 [27th May, 2010 Datu Haji Abdul Rashid bin Haji Aziz as the Deputy Chairman of the Board of Trustees of the Sarawak Foundation for a period of two (2) years with effect from 1st January, 2010.
    [Show full text]
  • (23 JUN 2021) 1. LAPORAN HARIAN A. Status Kes COVID-19 Di Dalam W
    Kenyataan Media JPBN Bil 174/2021 JAWATANKUASA PENGURUSAN BENCANA NEGERI SARAWAK KENYATAAN MEDIA (23 JUN 2021) 1. LAPORAN HARIAN A. Status Kes COVID-19 Di Dalam Wad Hospital Dan Masih Di PKRC. Hari ini terdapat 609 kes baharu yang telah pulih dan dibenarkan discaj pada hari ini iaitu; • 123 kes dari Hospital Bintulu dan PKRC di bawah Hospital Bintulu; • 118 kes dari Hospital Umum Sarawak dan PKRC di bawah Hospital Umum Sarawak; • 87 kes dari Hospital Sri Aman dan PKRC Sri Aman; • 86 kes dari Hospital Miri dan PKRC di bawah Hospital Miri; • 75 kes dari Hospital Sibu dan PKRC di di bawah Hospital Sibu; • 74 kes dari Hospital Sarikei dan PKRC di bawah Hospital Sarikei; • 31 kes dari Hospital Kapit dan PKRC di bawah Hospital Kapit; • 9 kes dari PKRC Mukah; • 4 kes dari PKRC Betong; dan • 2 kes dari PKRC Serian. 1 Kenyataan Media JPBN Bil 174/2021 Ini menjadikan jumlah keseluruhan kes positif COVID-19 yang telah pulih atau dibenarkan discaj setakat hari ini adalah seramai 50,766 orang atau 82.46% dari jumlah keseluruhan kes COVID-19 di Sarawak. Jumlah kes aktif yang masih mendapat rawatan dan diasingkan di PKRC dan wad hospital mengikut hospital rujukan adalah seramai 9,857 orang. Manakala, 582 PUI baharu telah dilaporkan dan tiada PUI yang menunggu keputusan ujian makmal. B. Kes Baharu COVID-19. Hari ini terdapat 577 kes baharu COVID-19 dikesan di Sarawak. Sejumlah 300 atau 51.99 peratus daripada jumlah kes ini telah dikesan di lima (5) buah daerah iaitu di Daerah Kuching, Pakan, Bintulu, Kanowit dan Meradong.
    [Show full text]
  • Kod Dan Nama Sempadan Pentadbiran Tanah (Unique Parcel Identifier – Upi)
    KOD DAN NAMA SEMPADAN PENTADBIRAN TANAH (UNIQUE PARCEL IDENTIFIER – UPI) Jawatankuasa Teknikal Standard MyGDI (JTSM) 2011 i KOD DAN NAMA SEMPADAN PENTADBIRAN TANAH Hakcipta terpelihara. Tidak dibenarkan mengeluar ulang mana-mana isi kandungan buku ini dalam apa jua bentuk dan dengan cara apa jua sama ada secara elektronik, fotokopi, mekanik, rakaman atau cara lain sebelum mendapat izin bertulis daripada : Urus setia Jawatankuasa Teknikal Standard MyGDI (JTSM) Pusat Infrastruktur Data Geospatial Negara (MaCGDI) Kementerian Sumber Asli & Alam Sekitar Cetakan Pertama 2012 Diterbit dan dicetak di Malaysia oleh Pusat Infrastruktur Data Geospatial Negara (MaCGDI) Kementerian Sumber Asli & Alam Sekitar Tingkat 7 & 8, Wisma Sumber Asli No. 25 Persiaran Perdana, Presint 4 62574 Putrajaya Tel : 603-8886 1111 Fax : 603-8889 4851 www.mygeoportal.gov.my ii KOD DAN NAMA SEMPADAN PENTADBIRAN TANAH KANDUNGAN PERKARA MUKA SURAT 1.0 Tujuan 1 2.0 Latar Belakang 2.1 Pengenalan 1 2.2 Langkah Awal Penyelarasan 1 2.3 Rasional Penyelarasan Kod UPI 2 2.4 Faedah Penyelarasan Kod UPI 2 2.5 Kaedah Penyelarasan Kod dan Nama Sempadan 3 Pentadbiran Tanah 3.0 Penerangan Mengenai Struktur Kod UPI di Sarawak 7 4.0 Pembangunan Aplikasi UPI 4.1 Modul-modul Aplikasi UPI 9 4.2 Kaedah untuk Melayari Aplikasi UPI 11 5.0 Penutup 17 Lampiran : Senarai Kod dan Nama Sempadan Pentadbiran Tanah bagi Negeri Sarawak o Peta Malaysia – Negeri Sarawak 20 o Peta Negeri Sarawak – Bahgaian-bahagian o Bahagian Kuching 21 o Bahagian Sri Aman 22 o Bahagian Sibu 23 o Bahagian Miri 24 o Bahagian Limbang 25 o Bahagian Sarikei 26 o Bahagian Kapit 27 o Bahagian Samarahan 28 o Bahagian Bintulu 29 o Bahagian Mukah 30 o Bahagian Betong 31 o Glosari iii KOD DAN NAMA SEMPADAN PENTADBIRAN TANAH 1.0 TUJUAN Dokumen ini diterbitkan sebagai sumber rujukan kepada agensi dalam menentukan senarai Kod dan Nama Sempadan Pentadbiran Tanah yang seragam bagi semua negeri di Malaysia.
    [Show full text]
  • Q1 2016 Malaysia
    Q1 2016 www.bmiresearch.com MALAYSIA OIL & GAS REPORT INCLUDES 10-YEAR FORECASTS TO 2024 Published by:BMI Research Malaysia Oil & Gas Report Q1 2016 INCLUDES 10-YEAR FORECASTS TO 2024 Part of BMI’s Industry Report & Forecasts Series Published by: BMI Research Copy deadline: November 2015 ISSN: 1748-4103 BMI Research © 2015 Business Monitor International Ltd Senator House All rights reserved. 85 Queen Victoria Street London All information contained in this publication is EC4V 4AB copyrighted in the name of Business Monitor United Kingdom International Ltd, and as such no part of this Tel: +44 (0) 20 7248 0468 publication may be reproduced, repackaged, Fax: +44 (0) 20 7248 0467 redistributed, resold in whole or in any part, or used Email: [email protected] in any form or by any means graphic, electronic or Web: http://www.bmiresearch.com mechanical, including photocopying, recording, taping, or by information storage or retrieval, or by any other means, without the express written consent of the publisher. DISCLAIMER All information contained in this publication has been researched and compiled from sources believed to be accurate and reliable at the time of publishing. However, in view of the natural scope for human and/or mechanical error, either at source or during production, Business Monitor International Ltd accepts no liability whatsoever for any loss or damage resulting from errors, inaccuracies or omissions affecting any part of the publication. All information is provided without warranty, and Business Monitor International Ltd makes no representation of warranty of any kind as to the accuracy or completeness of any information hereto contained.
    [Show full text]
  • ARMADA-Cover to Page 50.Pdf
    ANNUAL REPORT 2016 SAFE We care for the safety of each other and lead by example. We aim to take a pro-active approach in protecting the environment, maintaining our assets and safeguarding information. UNITED We place a high importance on working as one team and want to pursue and achieve results together. We seek the participation of others in resolving problems, encourage mutual respect and always welcome feedback. RESPONSIBLE We take responsibility in always delivering on our promises and we commit ourselves personally in adding value to our stakeholders. We want to conduct our business with good governance and a strong moral compass. EXCELLENT We are driven by our ambition to continuously improve. We seek to learn from others, challenge others constructively and have the discipline to make the extra effort every time. MANAGEMENT DISCUSSION AND ANALYSIS PAGE 40 CHAIRMAN’S MESSAGE PAGE 37 SUSTAINABILITY STATEMENT PAGE 46 TABLE OF CONTENTS WHO WE ARE 7 Corporate Profile 8 Global Presence 10 Corporate Information 12 Group Corporate Structure 14 Group Organisation Structure 15 Vision, Mission and Core Values 16 Event Highlights 2016 19 Awards & Recognition OUR LEADERSHIP 20 Board of Directors 22 Board of Directors’ Profiles 30 Management Team OUR STRATEGIC PERFORMANCE 34 Corporate Strategy 35 Five-Year Financial Performance 36 Share Performance 37 Chairman’s Message 40 Management Discussion and Analysis CREATING SUSTAINABLE VALUE 46 Sustainability Statement HOW WE’RE GOVERNED 51 Corporate Governance Statement 69 Statement on Risk Management
    [Show full text]
  • Sjindex150.Pdf
    BRUNEI POSTAGE STAMPS 1895-1908/20 5 Re-entries 16/29 18/62 Scarcity 13/77 27/133 BRUNEI Varieties in overprint 24/67 Withdrawal 12/44 BRUNEI: POSTAGE STAMPS 1907 River View issue, 2c 47/91-92,107-109 4c plate 2 12/44 14/56 15/18 1895 Star and Crescent issue 25c 30/194 49/83-84 3c, Variety 27/216 28/57,115-116 29/15 50c, flaw 18/77 8c, Error of colour 30/84 Auction realisations 18/85 25/83,118 34/98 36/80-81 Announcement of issue 31/183,217 46/122 47/131 Bar cancellations 47/119 50/51 Availability 1895 47/131 Bibliography 15/1,18 16/29 Book 26/237-238 27/81-82 Catalogue prices 20/72 Covers 14/62 16/28 18/62 Colour trials 12/114 15/16 18/85 29/121 36/80-81 22/159-160 25/30 42/61 47/132 Date of issue 12/44 13/20 14/55 15/16 26/17,176 Auction realisations 15/61 33/223 38/102 Frame plates 13/17-18,59 First day covers 46/122-126 Invalidation 15/18 Mass postings 22/59,116-118 Plate numbers 16/29 Parker and Pead 16/28,125 18/37 21/69 Postmarks 13/77,98 15/18-19 18/37 26/118 22/59,116-117 28/57-58 38/102 46/122-126 Production 15/15-17 Date of issue 13/62 29/67 46/122 Proofs 8/124 12/114 15/15-16 18/62,85 29/122 History 21/69 25/102,182 Re-entries and retouches13/18, 59 15/17-18 47/107-109 29/66-67 43/57 47/13-14,131-132 Specimens 12/44,108 15/18 16/30 29/122 Illustrations v.27 no.4 unnumbered plates Ultramar overprint 16/30 17/101 18/26-27 Inclusion in Gibbons catalogue 36/40-41 Watermark varieties 12/46 15/18 Inscriptions 25/191-192 26/131 16/29 29/194 30/85,194 Perforations 26/92 1908/20 River View Crown CA watermark new colours Plating lists
    [Show full text]
  • Rubber and the Modernisation of the Paku
    Working Paper No. 18, September 2007 RUBBER AND THE MODERNISATION OF THE PAKU IBAN IN BETONG DIVISION, SARAWAK - Stanley Bye Kadam-Kiai RUBBER AND THE MODERNISATION OF THE PAKU IBAN IN BETONG DIVISION, SARAWAK Stanley Bye Kadam-Kiai Faculty of Social Sciences UNIVERSITI MALAYSIA SARAWAK 1. Introduction Rubber is the tree of modemisation for the Paku Iban in Betong ~ivision'in Sarawak. The changes in the way of life of the Paku Iban in the first half of the 1900s were brought about by the wealth they obtained fiom planting rubber. Towards the end of the 1920s, for example, Paku Iban men were already wearing coats and ties during Gawai festivals. In the 1950s' according to Michael ~ardin~(Bato, 2003)' when the price of rubber was about $2 per katie, "some families in Paku who had vast rubber gardens with hired rubber tappers were earning as high as $200 daily". "That made a number of natives fiom Betong wealthym3,he said. With the money they had, they bought shop houses in Betong, Spaoh, in Kuching's main bazaar and in fiont of the General Post office4. During this time, "some of the prime land in Kuching ... also belonged to Betong native^."^ In his study of attitudes towards modemisation in three areas in Sarawak (Paku, Lubok Antu and Kuching), Peter Mulok Kedit (1980) said that Paku Iban are more 'future-oriented' than the Ibans from the two areas when 74% of them put "disagree" as response to the statement 'to live for the present', compared to Lubok Antu Iban (40 per cent) and Kuching Iban (68 per cent).
    [Show full text]
  • Company Overview Valuation Data Source
    Valuation Data Source company overview No. Company No. Company No. Company "Bank "Saint-Petersburg" Public 60 AbClon Inc. 117 Activision Blizzard, Inc. 1 Joint-Stock Company Abdullah Al-Othaim Markets 118 Actron Technology Corporation 61 2 1&1 Drillisch AG Company 119 Actuant Corporation 3 1-800-FLOWERS.COM, Inc. Abdulmohsen Al-Hokair Group for 120 Acuity Brands, Inc. 62 4 11 bit studios S.A. Tourism and Development Company 121 Acushnet Holdings Corp. 5 1st Constitution Bancorp 63 Abengoa, S.A. 122 Ad-Sol Nissin Corporation 6 1st Source Corporation 64 Abeona Therapeutics Inc. 123 Adairs Limited 7 21Vianet Group, Inc. 65 Abercrombie & Fitch Co. 124 ADAMA Ltd. 8 22nd Century Group, Inc. 66 Ability Enterprise Co., Ltd. 125 Adamas Pharmaceuticals, Inc. Ability Opto-Electronics Technology 126 Adamis Pharmaceuticals Corporation 9 2U, Inc. 67 Co.,Ltd. 127 Adani Enterprises Limited 10 3-D Matrix, Ltd. 68 Abiomed, Inc. 128 Adani Gas Limited 11 361 Degrees International Limited 69 ABIST Co.,Ltd. 129 Adani Green Energy Limited 12 3D Systems Corporation 70 ABL Bio Inc. Adani Ports and Special Economic 13 3i Group plc 130 71 Able C&C Co., Ltd. Zone Limited 14 3M Company 131 Adani Power Limited 72 ABM Industries Incorporated 15 3M India Limited 132 Adani Transmissions Limited 73 ABN AMRO Bank N.V. 16 3S KOREA Co., Ltd. 133 Adaptimmune Therapeutics plc 74 Aboitiz Equity Ventures, Inc. 17 3SBio Inc. 134 Adastria Co., Ltd. 75 Aboitiz Power Corporation 18 500.com Limited 135 ADATA Technology Co., Ltd. 76 Abraxas Petroleum Corporation 19 51 Credit Card Inc.
    [Show full text]
  • Speakers Profile
    29 & 30 SEPTEMBER 2015 MAX Atria @ Singapore EXPO, Singapore SPEAKERS PROFILE www.fpsoworldcongress.com SPEAKERS PROFILE CONGRESS ADVISORY BOARD To ensure that this year’s FPSO agenda and themes are tailor-made to address the evolving challenges and changes in the market, the 16th Annual FPSO World Congress agenda has been purposefully built with guidance and direction from our Advisory Board Duncan Peace, Managing Director Crondall Energy Duncan has spent the majority of his 30+ years’ experience in the oil and gas business working on the design, construction, installation and operation of floating production and storage units. A Naval Architect with a Masters Degree in Offshore Engineering, and a Masters Degree in Business Administration, he initially gained project experience with major contracting organisations such as Brown and Root and John Brown, before joining FPSO contractor Navion in Norway during the late 90’s as Commercial VP. Following the sale of Navion’s FPSO business, Duncan returned to the UK to found Crondall Energy, and has lead the growth of the Company from start-up to its current position as a market leading multi- discipline floater consultancy. Duncan is an acknowledged global expert in the FPSO market, and continues to combine his leadership role with strategic consulting activities with major oil companies, contractors and banks. Dave Hartell, Senior Development Manager, Sea Lion Premier Oil Dave has more than thirty-nine (39) years of onshore and offshore oil and gas developments experience including facilities engineering, construction, installation, project management, and production operations. His developments experience has ranged from onshore remote locations to offshore deepwater locations.
    [Show full text]
  • Kenyataan Media JPBN Bil 238/2021
    Kenyataan Media JPBN Bil 238/2021 JAWATANKUASA PENGURUSAN BENCANA NEGERI SARAWAK KENYATAAN MEDIA (26 OGOS 2021) 1. LAPORAN HARIAN A. JUMLAH KES COVID-19 JUMLAH KES BAHARU COVID-19 2,024 JUMLAH KUMULATIF KES COVID-19 105,072 Pada hari ini, 2,021 atau 99.85% kes adalah daripada kategori 1 dan 2. Manakala 1 kes kategori 4 dan 2 kes kategori 5. B. PECAHAN KES COVID-19 BAHARU MENGIKUT DAERAH BILANGAN BILANGAN BIL. DAERAH BIL. DAERAH KES KES 1 Kuching 848 21 Sarikei 10 2 Samarahan 200 22 Subis 10 3 Serian 198 23 Lundu 6 4 Sibu 161 24 Saratok 6 5 Bau 80 25 Miri 5 6 Song 67 26 Beluru 5 7 Asajaya 61 27 Dalat 4 8 Simunjan 54 28 Limbang 3 9 Bintulu 47 29 Sebauh 2 10 Tebedu 44 30 Lubok Antu 1 11 Pusa 41 31 Matu 1 12 Tatau 26 32 Kanowit 0 13 Mukah 25 33 Telang Usan 0 14 Sri Aman 23 34 Lawas 0 15 Belaga 21 35 Daro 0 16 Selangau 18 36 Kabong 0 17 Betong 15 37 Bukit Mabong 0 18 Kapit 15 38 Julau 0 19 Pakan 14 39 Tanjung Manis 0 20 Meradong 13 40 Marudi 0 1 Kenyataan Media JPBN Bil 238/2021 C. RINGKASAN KES COVID-19 BAHARU TIDAK BILANGAN BIL. RINGKASAN SARINGAN BERGEJALA BERGEJALA KES Individu yang mempunyai kontak kepada kes 1 58 1129 1187 positif COVID-19. 2 Individu dalam kluster aktif sedia ada. 57 189 246 3 Saringan Individu bergejala di fasiliti kesihatan. 266 0 266 4 Lain-lain saringan di fasiliti kesihatan.
    [Show full text]
  • Business Name Business Category Outlet Address State 123 Car Accessories Automotive Jalan Wong Soon Kai Jalan Pedada Pekan Sibu
    Business Name Business Category Outlet Address State 123 Car Accessories Automotive Jalan Wong Soon Kai Jalan Pedada Pekan Sibu Sibu Sarawak Malaysia 96000 Sarawak 3G Phone Service Centre Automotive LOT 1, RETAIL 31 & 32 (G/F), SING KWONG SHOPPING COMPLEX, SALIM ROAD,SIBU Sarawak 3G Phone Service Centre Automotive NO.313&413 , STAR MEGA MALL , JALAN TUNKU ABDUL RAHMAN , SIBU 96000SIBU Sarawak 58 Tint Specialist Automotive Lot 6283 SL1Ground floor Jalan Palm Villa Kota Samarahan Sarawak Malaysia Sarawak 7L ENTERPRISE Automotive Lot 1397 Block 31 NO51 BDA commercial Unnamed Road Kampung Baru Bintulu Bintulu Sarawak Sarawak 88 Car Accessory Automotive Jalan Punang 98850 Lawas Sarawak Malaysia Sarawak Abah Auto Service Automotive SUBLOT 37 , 3830 JALAN DATUK MOHD MUSA, DESA ILMU PHASE 11, 94300 KOTA SAMARAHAN, SARAWAK.SARAWAK Sarawak Alibaba Marketing Automotive Lot 221 Jalan Tudan MiriSarawak Sarawak Angsamas Media Marketing Sdn Bhd Automotive No16 Lorong Ding Lik Kong 39 SibuSarawak Sarawak Auto Series Car AnA Automotive Lot 14542, Gf, Sec 65, Kch Town Land District Pst Komersil Swan, Batu4, Jln Mtg 93050 Kuching Sarawak MalaysiaSarawak Sarawak Auto Series Car AnA Automotive Lot 509, GF, LRG RUBBER NO.4 93400 Kuching Sarawak MalaysiaSarawak Sarawak B n B Garage Automotive NO. 4, BLOCK A, GROUND FLOOR, JUNG KUO COMMERCIAL CENTRE, 94700 SERIAN,SARAWAK Sarawak B Speed Audio Ent Kuching Automotive NO.17 LOT 6495 GROUND FLOOR BLOCK 225 KUCHING NORTH LAND DISTRICT SUBLOT 17 PUSAT KOMERSIL DPUBLIC SQUARE JALAN BATU KAWA KuchingSRW - Sarawak Sarawak
    [Show full text]