Highlights

Koon Yew Yin's Blog

Author: Koon Yew Yin   |   Latest post: Tue, 15 Jan 2019, 12:02 PM

 

Carimin Petroleum - Koon Yew Yin

Author:   |    Publish date:


Carimin is renowned for its highly dedicated group of professionals, from the Management to all its highly trained on-site personnel in a full array of Oil and Gas industry-wide services.

They provide skilled personnel to the Oil and Gas industry for both onshore and offshore projects and facilities, from engineering and design, fabrication and construction, installation and commissioning, through to complete inspection and maintenance.

Its IPO price was Rm 1.10 in 2014. It has a 5 years contract with 2 years extension to provide their service to Petronas. Its share price has been dropping until it began to show profit. Its 1st quarter ending Sept 2018 EPS was 5.01 sen. Its projected annual EPS is about 20 sen.

Its share price has been going up in the last 2 weeks. In the last 2 trading days, it shot up 7 sen and 8 sen to close at 58 sen.

With such a profitable long term contract from Petronas, it deserves to sell at least P/E 8 that Rm 1.60 when it announced its annual profit in Aug 2019.  

Remember no share price can go up or come down continuously for whatever reasons. I think it has gone up too fast and it must correct itself because many day traders will have to sell.

Wait to buy during correction. Patience is the key for successful investing.   

I am obliged to tell you that I have started buying it a few weeks ago at cheaper prices and I do not need readers to buy to support the price to help me.    

Share this
Labels: CARIMIN

Related Stocks

Chart Stock Name Last Change Volume 
CARIMIN 0.60 +0.06 (11.11%) 8,156,300 

 

402  326  492  672 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 ARMADA 0.22+0.06 
 SAPNRG 0.285-0.005 
 SUMATEC 0.005-0.01 
 MYEG 1.01-0.06 
 BARAKAH 0.08+0.02 
 NEXGRAM 0.020.00 
 IRIS 0.15+0.005 
 XINGHE 0.045+0.005 
 KNM 0.09+0.01 
 ECONBHD 0.515+0.045 

TOP ARTICLES

1. 火中取栗拼油气(下) 菜鸟必学7招/冷眼 【冷眼专栏】漫漫投资路
2. 当遇上基本面投资法(上) “反向”战略非唱反调/冷眼 【冷眼专栏】漫漫投资路
3. Stocks on Radar - AirAsia Group (5099) AmInvest Research Reports
4. FPI FY19 revenue growth expected to hit 15% FPI 2大因素前景看好台灣聯友今年再 尋突破
5. [转贴] 真实还原97亚洲金融风暴,韩国从暴富到破产仅用时7天! Good Articles to Share
6. Stocks on Radar - Elsoft Research (0090) AmInvest Research Reports
7. THE PERCEPTION OF P/E or: How I learned to fear my Wife the bursa journey that worked for me. 2000-2019
8. JAKS Resources Berhad - RM25.5m P&L Hit PublicInvest Research
Partners & Brokers