Highlights

Stock Price Target

 
Search
Recent Price Targets: [Sign In or Register (FREE) to view]
 
KLSE : PERISAI       PERISAI PETROLEUM TEKNOLOGI
Last Price Avg Target Price   Upside/Downside Price Call
0.07 0.11     +0.04 (57.14%)
* Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months.
** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable).
Date Open Price Target Price Upside/Downside Price Call Source News
13/10/2016 0.065 0.05 -0.015 (23.08%) SELL KENANGA Price Target News
04/10/2016 0.125 0.11 -0.015 (12.00%) SELL KENANGA Price Target News
13/09/2016 0.15 0.16 +0.01 (6.67%) SELL KENANGA Price Target News


Price Target Research Article/News (past 6 months)
13/10/2016  KENANGA Perisai Petroleum Teknologi - PN17 Status
04/10/2016  KENANGA Perisai Petroleum Teknologi - Not Out of the Woods Yet
13/09/2016  KENANGA Perisai Petroleum Teknologi - Seeking Debt Consent Solicitation



  32 people like this.
 
albertwarrior Chinese currency has appreciated less than most against dollar
Fall against trade-weighted basket boosts competitiveness

Here's How China Got Its Yuan in a Sweet Spot
China has got the yuan in a sweet spot.

The nation’s authorities have let the currency rise enough against the U.S. dollar to put a spanner in President Donald Trump’s assertion that China deliberately undervalues its exchange rate. At the same time, it has weakened against a trade-weighted basket of currencies, giving China a competitive edge in exports.


This “honeymoon” for the yuan will likely last in the near term as the dollar continues to weaken before the outlook for U.S. fiscal stimulus clarifies, according to Zhong Zhengsheng, managing director of Beijing-based research firm CEBM Group Ltd. “The most likely scenario is that the yuan will remain stable or rally against the dollar, while it silently depreciates versus a basket of exchange rates,” he wrote in a Feb. 6 note.


China’s typical stance during periods of a weakening dollar -- letting the yuan strengthen against the greenback, though less than its peers -- has extra significance now because of Trump’s threats to label the country a currency manipulator. Earlier this month, the president’s pick as ambassador to China, Terry Branstad, said the yuan has been stronger than Trump anticipated.

Trump administration officials’ comments so far offer little clarity on whether China will officially be dubbed as a currency manipulator in the Treasury Department’s semiannual foreign-exchange report, due in April.

The yuan has gained about 1 percent against the U.S. dollar since the start of the year, following a drop of about 4 percent in the fourth quarter. American officials focus on the yuan’s performance against the dollar rather than the currency basket as they look at U.S.-China trade, which is settled in dollars or yuan, said Standard Chartered Plc foreign-exchange strategist Eddie Cheung.


The yuan’s rise against the dollar pales with major emerging market currencies such as the Korean won, which leads the pack with a year-to-date gain of 5.3 percent. It was a different story in the fourth quarter, when the dollar enjoyed broad strength against most currencies. The won slid 8.8 percent over those three months.

The won was among the additions to the yuan’s trade-weighted currency basket at the start of this year. The revamp changed the makeup of the reference group, which now has a lesser weighting for the dollar. A Bloomberg replica version of the CFETS RMB Index has fallen 1.2 percent since the year began, even as the yuan rose against the dollar.


More on the currency basket: China downgrades dollar’s prominence

For the next several weeks, the yuan may enjoy a run of stability in the run-up to the annual gathering of the nation’s legislature in March, according to Standard Chartered’s Cheung.

“Policy makers will try to prevent large volatility in the yuan in February and March, because they wouldn’t want the currency to be the market’s focus during the National People’s Congress,” Cheung said.

— With assistance by Tian Chen, and Will Davies
09/02/2017 10:19
Darren Lim what is mean by 清盘聆讯? delisted?
10/02/2017 12:54
Jiejie I think its related to debt restructure hearing, demanded by their debt holder
10/02/2017 15:12
MrRoy Tskk..,tskk.. Still got people here..?
10/02/2017 16:48
albertwarrior All this data suggests that, despite the increase in the US production, oil prices still have strong potential to extend their recent gains, mainly due to the processing capacity of US refiners massively exceeding the current levels of crude extraction. The lack of proper infrastructure, such as DAPL and Keystone, is also supporting further gains in oil prices.
Moreover, the Trump-proposed economic reforms in the US, gains in the post-Brexit UK manufacturing, and the recent stabilization in mainland China's growth are all factors supportive of a more expensive oil in the near-to-medium-term.
12/02/2017 10:50
cashflow Perisai going up today. Enjoy ride!
13/02/2017 09:33
Bullhunter don't expect too much of this pn17 company..
13/02/2017 09:36
albertwarrior High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our T&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights.
https://www.ft.com/content/441d0184-f13f-11e6-8758-6876151821a6

Oil and gas discoveries dry up to lowest total for 60 years
Companies are putting a brake on exploration and large fields are harder to find

© Getty
Share on Twitter (opens new window)
Share on Facebook (opens new window)
Share on LinkedIn (opens new window)
Share on Whatsapp (opens new window)
12 Save
12 HOURS AGO by: Ed Crooks in New York and Andrew Ward in London
Discoveries of new oil and gasfields have dropped to a fresh 60-year low, as companies put a brake on exploration and large fields have become harder to find. 

Sample the FT’s top stories for a week
You select the topic, we deliver the news.
Select topic
Enter email addressInvalid email
Sign up By signing up you confirm that you have read and agree to the terms and conditions, cookie policy and privacy policy.
There were only 174 oil and gas discoveries worldwide last year, compared to an average of 400-500 per year up until 2013, according to IHS Markit, the research group. 

The slowdown in exploration success shows that the world is likely to become increasingly reliant on “unconventional” resources such as US shale oil and gas to meet demand for energy in future decades. 


The typical time from discovery to production is five to seven years, so a shortfall in oil and gas discoveries now implies tighter supplies in the next decade. 

However, there are signs of a tentative upturn in conventional exploration this year, with some companies including Statoil of Norway planning to step up drilling activity. 

Discoveries hit a six-decade low in 2015, and then dropped again last year to about 8.2bn barrels equivalent of oil and gas.

The slowdown reflects both the cyclical cuts in exploration made by companies struggling to stay afloat after the drop in oil and gas prices since 2014, and the structural shift in the industry towards onshore shale and similar reserves, especially in North America. 

Most frontier exploration is now offshore, where a single well can cost $150m, and the success rate for “wildcat” wells has been about one in five. 


Spending on exploration fell from $100bn in 2014 to $40bn last year, according to Wood Mackenzie, another research company.

Chevron of the US cut its exploration budget from $3bn in 2015 to $1bn per year in 2016-17, and ConocoPhillips is pulling out of deep water exploration altogether. 

The discoveries of new fields compare to 190bn barrels equivalent of oil and gas that have been added to the estimated resource base of North America over the past 10 years, thanks to advances in technology that have made production possible from shale and other similarly challenging “tight” rocks. 

A shale well onshore can cost $4m-$10m and be brought into production in weeks, as opposed to five or more years for deepwater discoveries. Bob Fryklund of IHS Markit said: “We’re solving the problem through tight rocks.” 

However, Wood Mackenzie expects a modest upturn in exploration activity this year, forecasting that more than 500 wells will be drilled globally in 2017, compared with 430 in 2016. 

Wells planned by ExxonMobil in Guyana, Eni in Italy, Statoil in the Barents Sea, and in Mauritania by Kosmos Energy and its new partner BP were among those with high potential for making a discovery, it added. 


Andrew Latham, head of global exploration research at Wood Mackenzie, said that lower daily rates for drilling rigs and other savings were allowing companies to achieve more for less money. 

“If you look at what they are spending, it looks very cautious. But if you look at the bang they are getting for their bucks, it is much more optimistic,” he said. 

He warned that, with exploration opportunities more plentiful than the available capital, there would be fierce competition for investment. “Countries that are overly harsh on their fiscal framework will not attract investment, because companies have choices.” 

The world’s two largest discoveries of the year were both in the US: Caelus Energy’s discovery at Smith Bay in shallow water off the north coast of Alaska, which could hold up to 4bn barrels of recoverable oil, and ConocoPhillips’ Willow discovery, which is also in Alaska but onshore, and is estimated to hold 300m barrels. 

Other large finds last year included discoveries of large offshore gasfields by Kosmos Energy in Senegal and Cobalt International Energy in Angola. 

In another sign of the challenges facing exploration today, most of the frontier discoveries in recent years have tended to open up smaller regions, rather than large new areas like the offshore fields of Brazil. 

The most recent giant basin to be opened up was the Zohr gasfield found in Egypt by Eni in 2015.
13/02/2017 13:53
albertwarrior KLSE index break 1700 and above.
13/02/2017 13:58
GM68 So any new project comming in March as I heard previously...
15/02/2017 10:10
SHQuah Hope some white knight can save Perisai.
Then U turn
15/02/2017 10:20
Jiejie as long as they don't clear their debt or exit PN 17, don't give too much hope..they still got roughly 8 months time to come up with a plan to settle their debt..
16/02/2017 10:53
monsieurFG Icon Offshore and UMWOG merged, Perisai have to merge with others immediately..SapuraKP, Yinson is the suitable partner.but yeaa, the debt is the stumbling point.
17/02/2017 11:26
GorengAyam https://klse.i3investor.com/servlets/stk/chart/0047.jsp

Chart forming a double bottom?
17/02/2017 14:39
GorengAyam If double bottom is formed, will close gap that initiate the double bottom with tp 0.25
17/02/2017 14:41
Bullhunter dead stock. how could the stock , which was 1.50 dropped to 7 cents in just 2 years??? Pity those investors holding lots of shares above RM 1.
17/02/2017 16:29
Jiejie yeah dead stock for now, but chances of bouncing back is still there
17/02/2017 17:03
albertwarrior Aaron Sheldrick | TOKYO
Crude futures rose for a second day on Tuesday, with data showing hedge funds are betting big across oil markets following OPEC production cuts agreed last year.

U.S. West Texas Intermediate crude CLc1 was up 31 cents, or 0.6 percent, at $53.71 a barrel at 0218 GMT (9:18 p.m. ET on Monday), after rising about 0.5 percent in a shortened session on Monday due to a U.S. national holiday.

Brent futures LCOc1 gained 6 cents, or 0.1 percent, to $56.24 a barrel, after ending the previous session up 0.7 percent.

Investors now hold more crude futures and options than at any time on record, after members of the Organization of the Petroleum Exporting Countries (OPEC) committed last year to cut production.

Speculators raised their bets on a rally in Brent oil prices to a record last week, data from the InterContinental Exchange showed on Monday, mirroring the optimism in the U.S. crude market. [O/ICE]

Data on Friday showed net long U.S. crude futures and options positions in the week to Feb. 14 were at a record.[CFTC/]

"As bullish positioning by hedge funds continues to push on in unchartered territory, the risk of a swift, sharp snapback in prices continues to build," ClipperData analyst Matt Smith said in an overnight note.

"Especially given the bearish backdrop of record crude and gasoline inventories amid lower fuel demand year-on-year," he added.
21/02/2017 11:11
albertwarrior Brent rebounded to $56.29/barrel
21/02/2017 11:12
MrRoy Aiyah.. Go FGV lah.. Shows coming already.. Will last for months..
21/02/2017 11:47
cashflow Perisai on 1st gear!
21/02/2017 15:30
juzaguy The Board of Directors of Perisai wishes to inform that the Company has scheduled to release its unaudited financial results for the fourth quarter ended 31 December 2016 on Friday, 24 February 2017 in accordance with Paragraph 9.22 of the Main Market Listing Requirements of Bursa Malaysia Securities Berhad.

This announcement is dated 15 February 2017
21/02/2017 22:26
cashflow Perisai going for bull ride
22/02/2017 09:25
albertwarrior Expect Crude Oil prices to trade higher today: Angel Commodities
22 Feb 2017 12:16 PM | Source: Moneycontrol.com
Share:
Expect Crude Oil prices to trade higher today: Angel Commodities
Font Resize: A A

Angel Commodities' report on Crude Oil

WTI oil prices rose by more than 1 percent in the international markets after touching three-week highs on Tuesday on OPEC's optimism for greater compliance with its deal with other producers including Russia to curb output in an effort to clear a glut that has weighed on the market.
Outlook
We expect oil prices to trade higher continuing its positive momentum from the previous trading session, while comments from OPEC members regarding compliance of production cuts remain positive for oil markets. On the MCX, oil prices are expected to trade higher today, international markets are trading higher by 0.3 percent at $54.50 per barrel.
22/02/2017 15:14
juzaguy No more hope for Perisai?? down trend....
23/02/2017 18:20
albertwarrior Brent reached $57 and above.
24/02/2017 00:19
albertwarrior Benchmark Brent crude oil was up $1.22 a barrel, or 2.2 percent, at $57.06 by 11:04 a.m. ET (1604 GMT), recovering from a drop of 82 cents on Wednesday.

U.S. light crude rose $1.20, or 2.2 percent to $54.79 a barrel, near its 2017 high of $55.24. It fell 74 cents in the previous session.

Both benchmarks are near the top of relatively narrow $4 ranges that have contained trade so far this year, reflecting a period of low volatility since the Organization of the Petroleum Exporting Countries and other exporters agreed to cut output.

OPEC and producers including Russia aim to reduce production by around 1.8 million barrels per day (bpd) in an attempt to drain an oversupply that has kept prices depressed for more than two years.
24/02/2017 00:21
Darren Lim any news frm result?
24/02/2017 10:10
pea3034 perisa lingkup sebab itu ,walaupum harga minyka naik hg saham tak naik
24/02/2017 15:26
SHQuah Result out today.......tonight will know.
Less loss consider very good.
24/02/2017 15:57
riko http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347137

Monday open at 0.1
24/02/2017 17:49
OngLai88 Turn around with profit....
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347137
24/02/2017 17:51
albertwarrior From the result, Monday perisai price will skyrocketing.
24/02/2017 18:27
gohkimhock @albertwarrior LOL..
24/02/2017 18:33
hohoho YES !!! PERISAI MADE PROFIT ALREADY !!!!!
24/02/2017 18:35
ijok time to fly
24/02/2017 18:36
Benztxq tuesday 0.15
24/02/2017 18:59
Darren Lim lets see monday fly
24/02/2017 20:00
yingkang87 sure or not?? can so fast go up?? But I think if ppl confident sure everyone buy, everyone buy then price will up!!!
24/02/2017 22:11
jay_cwk88 Monday limit up > 0.37
25/02/2017 08:51
jay_cwk88 EPS 0.81 x 4quarter = 3.24 cents
3.24 x PE10 = 32.4 Cents
25/02/2017 08:53
GorengAyam http://klse.i3investor.com/servlets/stk/fin/0047.jsp

Quarterly results out after mkt close shows qtr revenue stabilse at around $38mio.Excellent cost controls turned around PBT of $10Mio....CRDC is on board....

LOOKS LIKE THE CLASSICAL DOUBLE BOTTOM FORMATION with rounding curve on both price and volume is forming.....work in progress... Neckline at 0.15 with lowesr bottom at 0.04...TP at 0.25.......coincidentally equals 1st private placement issue price 0.25 also.

Eventually will fly before end Mar17....if CRDC works out by end Mar17..
25/02/2017 09:07
GorengAyam http://klse.i3investor.com/servlets/stk/chart/0047.jsp
25/02/2017 09:08
GorengAyam http://www.bursamalaysia.com/market/listed-companies/company-announcements/5347869
25/02/2017 09:41
GorengAyam For the current quarter ended 31 December 2016, the Group generated total revenue of RM38.27million, a decrease of RM16.98million when compared to the amount of RM55.25million in the previous corresponding quarter ended 31 December 2015. The decrease in revenue was mainly due to lower charter rate in the fourth quarter ended 31 December 2016 after completion of the Farm-Out contract to HESS on 6 August 2016. Profit before tax (“PBT”) from continuing operations for the current quarter ended 31 December 2016 amounted to RM17.65million, an increase of RM677.88million when compared to the Loss Before Tax (“LBT”) amount of RM660.23million attained in the corresponding quarter ended 31 December 2015.

The decrease in LBT was mainly due to the provision for impairment on plant and equipment and
prepayment in the corresponding quarter ended 31 December 2015. Total profit net of tax from both continuing and discontinued operations for the current quarter ended 31 December 2016 amounted to RM15.19million, an increase of RM734.95million when compared to the total loss net of tax from both continuing and discontinued operations amount of RM719.76million attained in the corresponding quarter ended 31 December 2015.

The increase is mainly due to the provision for impairment on plant and equipment and repayment and partly offset by lower loss from discontinued operation as result of lower provision for impairment on plant and equipment and no depreciation charge is required under the provisions of MFRS 5 “NonCurrent Assets Held For Sale and Discontinued Operations” for assets which are held for sale.
25/02/2017 09:48
GorengAyam 2. Material Change in Profit Before Tax (“PBT”) In Comparison to the Preceding Quarter For the current financial quarter ended 31 December 2016, the Group recorded a PBT of approximately
RM17.65million against a LBT of RM265.82million recorded in the preceding quarter. The increased in PBT was mainly due to higher provision for impairment on investment in joint ventures, plant and equipment and prepayment in the preceding quarter.

3. Future Prospects
The outlook for the demand for the oil and gas assets in the short to medium terms remain challenging. The Group will remain cautious on its capital and cost management. Operational efficiency of the operating assets is expected to be maintained. The contract for Perisai Kamelia and 8 offshore support vessels will be expiring in May 2017 and Aug 2017 respectively. The Group is pursuing various opportunities for all its assets.

The Company is in the midst of formulating a regularisation plan which will be submitted to Bursa Malaysia within 12 months from 12 October 2016 as the Company has triggered the prescribed criteria pursuant to Paragraph 8.04 and Paragraph 2.1 (f) of Practice Note 17 (“PN17”) of the Main Market Listing Requirements (“LR”) of Bursa Malaysia Securities Berhad (“Bursa Securities”) after its wholly-owned subsidiary, Perisai Capital (L) Inc had defaulted in payment of the principal and interest for the SGD$125 million 6.875% multicurrency medium term notes. Principal adviser has been appointed to assist the Company on its regularisation plan.

The Corporate Debt Restructuring Committee ("CDRC") has on 9 November 2016 accepted the
Company’s application for assistance to mediate with the Company’s lenders on a proposed debt restructuring scheme. CDRC has requested the Company’s lenders to observe an informal standstill and withhold litigation proceedings against the Company with immediate effect. CDRC requires the Company to submit a Scheme within 60 days from 10 November 2016. CDRC is a pre-emptive measure by the Malaysian Government to provide a platform for corporate borrowers and their creditors to work out feasible debt resolutions without having to resort to legal proceedings. This initiative has been put in place to ensure that all avenues are made available to assist distressed corporations to resolve their debt obligations.The proposed debt restructuring scheme was submitted to CDRC and the first meeting with the Company’s lenders was held on 14 February 2017. The proposed debt restructuring scheme is targeted to be finalized by end of March 2017.

On 12 January 2017, the Company and its wholly-owned subsidiary, Perisai Capital (L) Inc (“Perisai Capital”) have been granted orders pursuant to Sections 176(1) and 176(10) of the Companies Act 1965 (“the Act”) by the High Court of Malaya (Commercial Division) at Kuala Lumpur restraining all proceedings and actions brought against the Company and Perisai Capital (“the Order”). The Order was applied for as part of the Company’s plan to regularise its and the Group’s financial condition through, amongst others, proposed schemes of arrangement. The details of the proposed schemes of arrangement which will be issued to the Scheme Creditors, will be announced in due course. The Order is for a period of ninety (90) days effective from 12 January 2017.

The schemes of arrangement is expected to be completed by third quarter of 2017
25/02/2017 09:51
GorengAyam 6. Corporate Proposal

Save as disclosed below, there were no corporate proposals announced but not completed as at the reporting date.
(A) On 23 December 2016, the Company had entered into a Settlement Agreement with EMAS
Offshore Limited (“EOL”) (“Proposed Settlement Agreement”) to achieve a full and final
settlement of the disputes, differences, claims, and counterclaims against each other arising from or in connection with the Share Sale Agreement Dated 23 December 2013 (“SSA”) and Put Option. (i) Salient Terms Of The Proposed Settlement Agreement
Pursuant to the Proposed Settlement Agreement, EOL and Perisai (each referred to as a “Party” and collectively, the “Parties”), had mutually agreed to the following:-
(i.i) Consideration
(i.i.i) The consideration for the Put-Option Shares (as defined in Paragraph i.ii.ii(aa) below) is
USD43,031,406.55 (“Consideration”) to be satisfied by EOL in the following manner:
(aa) USD20,000,000 in cash on the Completion Date (as defined hereunder);
(bb) USD23,031,406.55 (“Deferred Payment Amount”) will be deferred and paid in cash
(either in the form of a bullet payment or by instalments) on the Maturity Date (as
defined in Paragraph i.v below); and
(cc) The Deferred Payment Amount shall be subject to interest at the rate of 1% per annum
(“Deferred Payment Interest”) which shall accrue from the Completion Date to the date
of actual payment of the Deferred Payment Amount.
.....
-----
-----

Approval Required
The Proposed Settlement Agreement is subject to and conditional upon approvals being obtained
from, inter-alia, the following:
(a) the shareholders of Perisai at an extraordinary general meeting (“EGM”) to be convened;
(b) (i) the noteholders and financial lenders of Perisai in respect of the bond restructuring, and
the restructuring of any outstanding indebtedness that Perisai owes to any such financial
lenders; or
(ii) alternatively, an order granted by the High Court sanctioning a creditors’ scheme of
arrangement pursuant to the Companies Act 1965 (Act 125 of Malaysia) approving, the
bond restructuring or the restructuring of any outstanding indebtedness owed by Perisai
to any of its financial lenders;
(c) Labuan Financial Services Authority, if required; and
(d) any other relevant authorities/ parties, if required.
The Proposed Settlement Agreement is not conditional upon any other corporate exercise/scheme of the
Company and is expected to be completed by third quarter of 2017.
25/02/2017 09:56
armadatuah2017 If there's chance, get out of the counter. This portfolio is too risky like sumatec
25/02/2017 13:48
Darren Lim yes. is risky, cos stil under PN. but also hv chance to bounce back. 50% 50%
25/02/2017 14:16
Bullhunter Those who dare take risk will be amply rewarded if this counter get out of pn17 on improving oil prices and injection of new capital
25/02/2017 16:07


362  426  458  491 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 DNEX-WD 0.14+0.01 
 CENSOF-WB 0.13+0.05 
 DNEX 0.410.00 
 FRONTKN 0.225+0.01 
 VIVOCOM 0.18+0.01 
 CENSOF 0.31+0.04 
 CENSOF-WA 0.11+0.075 
 BORNOIL 0.175+0.01 
 RSENA-WA 0.085+0.01 
 AT 0.045+0.01 
Partners & Brokers