Bumi Armada

The Edge Singapore’s 2022 virtual global portfolio returned -9.8% for the period of Feb 7, 2022, to Jan 13, 2023.

Our 2022 portfolio lost 11.8% in the four-month period from Feb 7 to June 17, with eight losers in the portfolio.

Bursa Malaysia-listed Bumi Armada was one of the worst performers in our portfolio for the four-month period, with a 26.8% loss.

This offshore services provider offers a good diversification play on the commodities sector, albeit a risky one.

Here’s our 10 global stock picks for this year.

SINGAPORE (Oct 24): Keppel Offshore & Marine's wholly-owned subsidiary Keppel Shipyard is on track to deliver one of the world's largest Floating Production Storage and Offloading vessels (FPSO) to Malaysia-based Bumi Armada for operations in offs

SINGAPORE (Sept 7): DBS Group Research is raising its oil price forecasts by US$10 per barrel to between US$45 and US$50 per barrel for FY16 and between US$50 and US$55 for FY17. This comes after sentiment on the oil market turned positive in May.