Highlights
KLSE : REACH-WA       REACH ENERGY BHD Main : Industrial Products
Last Price Today's Change   Day's Range   Trading Volume
0.115   +0.005 (4.55%)  0.11 - 0.115  5,193,400

Overview

Type:Warrants
Sector:
Listing Date:Aug 15, 2014
Maturity Date:Aug 12, 2022
Issue Size:1,277,822,225
Exercise Price:MYR 0.75
Ratio: 1:1
Underlying Stock:
Avg Volume (4 weeks):20,760,420
4 Weeks Range:0.105 - 0.145
52 Weeks Range:0.02 - 0.17

Additional Info

Announcement: [Aug 13, 2014] Profile for Warrants
Issuer:-
Description:Eight (8)-year - 2014/2022 Warrants
Trade this stock with 3 x trading limit. Find out more.

  kchue1 likes this.
 
kmtan88 Reach's mother share up these few days & warrant is sure to follow
05/12/2016 10:34
jeffrey1969 happy new year 2017! anybody know this counter still can UP UP UP? thanks
01/01/2017 13:41
Raymond Tiruchelvam major breakthru after many many moons :-)
05/01/2017 23:22
stockraider Reach Energy Bhd - New Oil Junior in town
Author: HLInvest | Publish date: Wed, 4 Jan 2017, 11:12 AM
Highlights

Now an O&G Junior. Upon getting vote acceptance for QA on 16th Nov 2016, Reach will now become a full-fledged oil junior with final adjusted Purchase Consideration worth US$175.9m. Acquisition has been completed on 27th November 2016 with dissenting shareholders already being repaid.
Emir-oil a balanced portfolio with high quality crude. Situated in Kazakhstan, currently Emir-oil possesses 4 producing fields coupled with 2 development fields and 6 drillable prospects, pointing to high potential growth in pipeline of reserves. In addition, it also produces high value light and sweet crude oil and possesses high condensate yield in one of its producing fields, indicating more room to further monetize the acquired asset.
Oil asset was bought at low. While the oil market has been subdued for a long time, we believe the upstream asset acquired by Reach was at the lowest price possible. The acquisition price was determined on 4th March 2016 when Brent was at US$37/bbl, not far off from its multiyear low of US$27/bbl. This shows that Reach would be able to reap full benefit of long term oil price recovery with minimal downsides. Current Brent price is at US$57.5/bbl.
Building CPF to unlock oilfield potential. MIEH (vendor for the QA) has already invested in a Central Processing Facility (CPF). Phase 1 is expected to be completed in several months time and upon completion of the pipelines in 2018, Reach could easily double its oil production to more than 10,000 bbls/day by executing more well completion and drilling more wells in its proven areas. Phase 2 would again bring its oil production to level in excess of 20,000bbls/day upon completion, indicating vast opportunity to reap more value from its oil reserves.
Market ‘under pricing’ its long term prospects. At the current share price of RM0.66, market seems to have only price in long term oil price of US$67/bbl (for 20-year time frame) - based on our backward calculation of assuming other variables being constant. We are of the view that oil prices would eventually recover to US$57/bbl beyond the implied level as oil market rebalances while cost of oil production is expected to rise in the long run.

Catalysts
Direct beneficiary of oil price rally.
Entering into production asset early stage providing more upside possibility.

Risks
Oil production natural decline, oilfield operational risk, country risk.

Rating
BUY (NEW)
Minimal downside risk at this price point while the company is expected to escalate to the next level by tapping into the reserves of a young oilfield with limited risk of straining balance sheet.

Valuation
Our discounted FCFE (10% discount rate) approach has yielded a TP of RM0.83 at fully diluted level (assuming dilution from potential placement and full exercise of warrants). Near term exercise of warrants is unlikely as the expiry date has been extended for another 5 years to 2022 post acceptance of QA by its shareholders. To illustrate, excluding dilution impact from warrants, our TP would be at RM0.91.
05/01/2017 23:31
stockraider SO FRIEND...IF REACH TP IS RM 0.91....THEN WARRANT SHOULD BE AROUND RM 0.22 LOH.....!!

THIS IS QUITE A LONG WAY TO GO LOH....!!
05/01/2017 23:33
dfsbipohsch REACH ENERGY - RETURNING TO UPTREND POSITION AFTER THE BREAKOUT OF RM0.64
Author: HLInvest | Publish date: Fri, 6 Jan 2017, 12:08 PM
• Our fundamental pick is our recently initiated oil junior, Reach Energy (refer to our report dated 4 Jan 2017) with a target price of RM0.83. Reach has graduated from SPAC and became a full-fledged oil and gas company after the completion of an acquisition into an O&G field in Kazakhstan on 26 th of November.
• Technically speaking, soon after the breakout of the RM0.64 level with high volumes, we opine that the recent correction phase has ended reinforced by a higher high formation. Also, the MACD Line has crossed above the zero level – indicating share price has potential to trend higher over the mid to long term.
• We called a technical buy on Reach Energy on 29 Dec and it has hit our LT objective target of RM0.71 (+13.8%). Following the continued bullish indicator on the stock and upside to our institutional TP of RM0.83, we revise our technical target to RM0.735-RM0.765 levels.
• On the cut loss strategy, we move our trailing stop level higher at RM0.68.
• Reach-WA is a cheaper entry which offers gearing of 5x. The implied warrant value is at 25 sen per warrant based on mother share target price of 83 sen.
Source: Hong Leong Investment Bank Research - 6 Jan 2017
06/01/2017 17:34
newbie_2016 15 sen already... used to be 8 sen.. jalan already loh
06/01/2017 17:55
shan75 0.18 soon!
09/01/2017 11:12
musangfoxking 0.165 sold!!!!! tks for the Starbucks!!
09/01/2017 16:29
de_investor like hibiscus....moving.....
09/01/2017 17:00
donfollowblindly Not Reach still don't own oil company yet why big jump?
10/01/2017 06:00
speakup musangfoxking u satisfied with just Starbucks? While the rest here are making at least minimum 4 figures profits!
10/01/2017 06:40
musangfoxking congrats if u made at least minimum 4 figures profits! am here just to make a few cups of Starbucks! have reached my destination ,... so happy beecos of the contra gain!
10/01/2017 06:55
speakup warrant syndicate operator haven't done yet. still got upside
10/01/2017 09:28
musangfoxking hope so...hope semua untung!
10/01/2017 10:23
speakup speakup believe everyone holding paper profit, only how big paper profit only
10/01/2017 12:00
hian949372 if reach. 0.21.. I can buy 2 Porsche Cayman . cash
10/01/2017 13:52
hian949372 pls reach 0.21
10/01/2017 13:53
musangfoxking hian949372 , buy toy Porsche Cayman?
10/01/2017 17:17
de_investor 2moro wil rebound back.....touching new highest....
10/01/2017 22:05
nickthebest cham going down.
11/01/2017 09:28
Andrew62 now going up 105 continous buy @0.150
11/01/2017 10:15
Andrew62 turbo charge go go go
11/01/2017 10:23
Andrew62 sharks trap
11/01/2017 10:27
punchkkk TP 0.155 today?
12/01/2017 15:35
de_investor tp 0.20
13/01/2017 09:25
de_investor will...
13/01/2017 09:26
RapidBeginner run for your life.....
16/01/2017 10:37
RapidBeginner shark is trapping ikan bilis????
16/01/2017 11:24
amet2017 Go go. 18 tomorrow
16/01/2017 21:03
amet2017 Brent closed at usd 55.86 up by 0.73%.
Source : Rigzone
17/01/2017 07:03
RapidBeginner 0.18??????? asap pun tak boleh bau la.... cheers.....
17/01/2017 15:03
Darren Lim so quite recently
17/01/2017 15:52
amet2017 Bg semangat sikit la rapid beg
17/01/2017 15:55
hian949372 guys. yesterday oil drop. cause USA holiday. demand weak lah
17/01/2017 22:19
amet2017 Friday oil price up. Somemore positive note from this weekend opec meeting. Tomorrow oil price will further improve
23/01/2017 00:25
BrahmaBull this is why! http://www.msn.com/en-my/news/national/harga-minyak-%e2%80%98mungkin%e2%80%99-naik-esok-kata-pengusaha/ar-AAmr8ZP?li=BBr8Hnu
31/01/2017 19:12
10/02/2017 11:17
derrickinvestor fock! what happen to reach? cannot reach already?
13/02/2017 11:30
Andrew62 Everyday high volume but no price movement.
16/02/2017 12:25
darkxfs sell this buy mtouche 0092 only 0.085 ><
18/02/2017 11:02
yktay1 Will reach 0.16 within a week
22/02/2017 15:51
darkxfs from 0.045 up till now already high , buy 0092 mtouche ><
22/02/2017 16:17
Andrew62 Does anyone know what is going on with this counter?
06/03/2017 12:45
derrickinvestor tiu nia seng..... fucking droo again
09/03/2017 20:55
joetosh looks like nobody want to sell @0.115... collect @0.120 lah... good luck for me... haha
10/03/2017 09:40
speakup wa massive 44% premium to mother. wah lau weh!
10/03/2017 09:41
MaBadri up up up
10/03/2017 20:09
MaBadri to slow
17/03/2017 20:11
derrickinvestor tomolo sky rocket
19/03/2017 21:11


 

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