Highlights
KLSE: BARAKAH (7251)       BARAKAH OFFSHORE PETROLEUM BHD MAIN : Trading&Services
Last Price Today's Change   Day's Range   Trading Volume
0.15   +0.01 (7.14%)  0.14 - 0.15  14,735,700
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Overview

Market Cap: 124 Million
NOSH: 827 Million
Avg Volume (4 weeks):27,901,740
4 Weeks Range:0.115 - 0.16
4 Weeks Price Volatility (%):
77.78%
52 Weeks Range:0.085 - 0.615
52 Weeks Price Volatility (%):
12.26%
Average Price Target: 0.06
Price Target Upside/Downside: -0.09
Stamp duty exempted for year 2018

Financial Highlight

Latest Quarter | Ann. Date 31-Mar-2018 [#1]  |  30-May-2018
Next QR | Est. Ann. Date: 30-Jun-2018  |  29-Aug-2018
T4Q P/E | EY: -0.53  |  -187.08%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.2162  |  0.69
T4Q NP Margin | ROE: -91.55%  |  -129.86%

Headlines

Date Subject
20-Jul-2018 拥石油资源州属将获政府支付石油税(Barakah 7251)有机会
18-Jul-2018 Mplus Market Pulse - 18 Jul 2018
10-Jul-2018 获国油气体延长合约‧巴拉卡价量齐升
05-Jul-2018 PublicInvest Research Headlines - 5 Jul 2018
22-Jun-2018 砂首長強調7月1日起,砂政府將執行州法律(State Laws),全面監管石油及天然氣活動(BARAKAH (7251) 巴拉卡岸外会不会受惠
21-Jun-2018 Mplus Market Pulse - 21 Jun 2018
17-Jun-2018 巴拉卡(BARAKAH,7251,主板贸服组)目前共有3家公司已表示有意收购该公司
11-Jun-2018 拥石油资源州属将获政府支付石油税(Barakah 7251)有机会
31-May-2018 Barakah Offshore Petroleum - 1Q18: Surprise Weakness in IRM, Offset By Cost Control
13-Mar-2018 [转贴] 7251 Barakah 之入门研究 - Leo Ting
30-Nov-2017 PublicInvest Research Headlines - 30 Nov 2017
29-Aug-2017 Barakah Offshore Petroleum - Missed Expectation

Business Background

Barakah Offshore Petroleum Bhd is a Malaysia-based investment holding company. It is involved in the oil and gas industry in Malaysia. The company, through its subsidiary, is engaged in providing and carrying out onshore and offshore contracting works, such as pipeline pre-commissioning, commissioning and de-commissioning, pipeline installation, fabrication, hook-up, topside maintenance and other related activities. It offers various services, including pipeline services, offshore transportation and installation works, hook-up and commissioning, onshore construction, underwater services and chartering of marine vessels and equipment.
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  15 people like this.
 
Looiks Hehehe.......ceo wl let go eventually
17/07/2018 16:10
snwong13 .
OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD LETTER OF CONTRACT EXTENSION - UMBRELLA CONTRACT FOR PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES
BARAKAH OFFSHORE PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description BARAKAH OFFSHORE PETROLEUM BERHAD

LETTER OF CONTRACT EXTENSION - UMBRELLA CONTRACT
FOR PAN MALAYSIA TRANSPORTATION AND INSTALLATION OF OFFSHORE FACILITIES
INTRODUCTION

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn. Bhd. (“PBJV”), has received a conditional contract extension from PETRONAS for the provision of transportation and installation of offshore facilities (“Contract”), via a letter of contract extension dated 16 April 2018. The Umbrella Contract, which is due to expire in December 2018, has been extended to 26 December 2019.

INFORMATION ON THE CONTRACT AND FINANCIAL EFFECTS

The Contract includes transportation and installation of facilities such as pipelines, structures and related equipment for offshore oil and gas fields for PETRONAS and Production Arrangement Contractors (PACs) within Malaysia. The Contract total value will depend on the actual work orders issued by the clients during the Contract period which will be based on mini bidding exercise among the Umbrella Contractors. Depending on the actual value of work orders to be secured, the Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the entire duration of the Contract.

RISK FACTORS

Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects. As such, the management of Barakah believes that Barakah Group is able to mitigate the abovementioned risk factors.

DIRECTORS AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors and/or major shareholdesrs and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Contract.

This announcement is dated 17 July 2018.
17/07/2018 19:19
Rwxw112 http://www.theedgemarkets.com/article/barakah-offshore-secures-oneyear-contract-extension-petronas
17/07/2018 20:49
Nikmon again the extension was awarded in April.... why only now announce?
17/07/2018 21:10
turbofast Price low MA can Buy more
17/07/2018 22:03
jeffng570 news extension with petronas untill dec 2019
18/07/2018 08:37
victory015 The contract extension is dated on April 16. @Nikmon, why announce now ?
18/07/2018 09:45
TheTerminator Operator stuck lor. What else?
18/07/2018 09:46
Nikmon what is in their mind, made belated announcement one by one, investor are not stupid, just sell of the company...30 million loan due by this year and extension of principle repayment due on year end, worst still the war ship still idle, just sell the company, the longer it drag the cheaper it will be.
18/07/2018 10:32
nasai wew. released news to bait retailer kah? kah kah kah.
18/07/2018 11:07
Nikmon who is the brave investor bought half million worth of share before closing.....haha
18/07/2018 16:42
rentmyheart sales better. Release old news. seems not right to me.
18/07/2018 19:09
Nikmon @rentmyheart, exactly, release old news one follow another one, instead of consolidate and announce together, it is not make sense at all, investor also not stupid, the reaction on the news looks pathetic. but got one exception, one idiot bought half million worth of share which equal to 25% of transaction today prior closing.....i don't think any small fly brave enough to invest such a big amount of money into a PN17 company.
18/07/2018 19:56
rentmyheart nikmon it seems to me the idiot might not be idiot . if their intentions is to con retailer like us, sure they will do some beautiful packaging as if got big shark eating or maybe the person is trader.
18/07/2018 20:36
turbofast Everyday say PN17,stupid
18/07/2018 21:05
Nikmon do you think any trader dare to enter half million 20 minutes before closing when the share price is in down trend!!
18/07/2018 21:09
mohamsu Waiting good news coming...strong buy
18/07/2018 21:45
nasai last minute buy vol mcm wayang only. it happened before. well i hope im wrong. tayor.
18/07/2018 22:00
Nikmon maybe you are right, wayang only...
18/07/2018 22:12
ajaaja best counter for intraday. T&G.
19/07/2018 09:47
Nikmon really need good news to move the price lah, else it is not going any where. sell the company oi!!
19/07/2018 10:20
victory015 up 7.14% this morning, good performance
19/07/2018 10:36
victory015 does barakah win another contract ?
19/07/2018 11:49
Nikmon going down back, if the price was pushed up by operator this morning, they are stuck and bleeding....haha. or maybe it is genuine then we shall see some good new coming up very soon...haha
19/07/2018 12:00
victory015 operator got insider news, so they pushed up the stock price
19/07/2018 12:47
Looiks hehehe....... not 'they' push up the price but.....
19/07/2018 13:50
rentmyheart it seems to me they offload.
19/07/2018 14:06
Nikmon @rentmyheart, roughly guess they have bought 11 million of share to push up the price since yesterday, currently only 12 million transacted at 15 cent price, not easy to off-load the 11 million...
19/07/2018 14:38
rentmyheart the 11 million not all them. cause some retailers also go in and pick
19/07/2018 15:34
nasai wayang sudah mau hbis. now retailer chased at 145 150 panic already...
19/07/2018 16:09
Nikmon @rentmyheart, the deal was don't in one transaction, yesterday 4 million and today 6 million, how could possible belong to retailers???

i guess they cut loss....
19/07/2018 16:15
Nikmon now all are trapped again...haha
19/07/2018 16:17
turbofast U very happy fk u
19/07/2018 18:17
Nikmon @turbofast, just curios what is your average entry price?
19/07/2018 20:45
turbofast 0.09
20/07/2018 07:08
turbofast 0.09
20/07/2018 07:09
Nikmon @tuebofast, 70% gain already still holding, what is your TP?
20/07/2018 08:15
Dan Mohd Might be 0.17
20/07/2018 08:51
CrazyGem dem...i stuck at 0.20
20/07/2018 09:24
Nikmon i guess the operator stuck, so today morning pump another half million to clear 0.145......haha.
20/07/2018 09:54
Nikmon stuck at 14-15, sell now lose broker fees...
20/07/2018 10:13
Looiks Hehehe.....anytime to break
20/07/2018 10:28
victory015 buy at 0.14 , sell at 0.15.
20/07/2018 10:35
Nikmon @vitory015, need a lot of patient to catch 1.4 cent today....9 million share lining there....
20/07/2018 10:41
victory015 i queue for 0.14 , when i catch it, sell for 0.15 .
20/07/2018 11:18
Nikmon 1st 15 minutes transaction equal 50% of the whole day transaction.....does not last long, even your spouse won't happy..15 minutes only .....
20/07/2018 16:27
Nikmon Amazing, today closed at 15 cent with low volume, seem like selling pressure has been soften...
20/07/2018 17:18
Azuari Mustapha forming a good chart pattern...
21/07/2018 10:51
victory015 missed the chance to buy at 0.14
21/07/2018 11:17
Nikmon @Azuari, triangle or square?
21/07/2018 16:34


 

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