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KLSE: REACH       REACH ENERGY BHD
Last Price Avg Target Price   Upside/Downside Price Call
0.26 0.38     +0.12 (46.15%)
* 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
01/03/2019 0.28 0.34 +0.06 (21.43%) HOLD HLG Price Target News
03/12/2018 0.325 0.34 +0.015 (4.62%) HOLD HLG Price Target News
21/11/2018 0.375 0.41 +0.035 (9.33%) HOLD HLG Price Target News


Price Target Research Article/News (past 6 months)
01/03/2019  HLG Reach Energy - Higher 2P Reserves
03/12/2018  HLG Reach Energy - Within expectations
21/11/2018  HLG Reach Energy - MOU to venture into downstream O&G



  8 people like this.
 
SuperPanda would it drop below .29? save some bullet for last collection this week if drop
30/04/2019 8:06 PM
SuperPanda seem like will not drop further

https://oilprice.com/Energy/Energy-General/Oil-Prices-Rebound-As-Saudis-Reassure-Markets.html
01/05/2019 5:22 AM
ckkhor0722 according to ar, their revenue is 220.3 million which is higher than year 2017 157.1 million. Bt their net profit is so lnx
01/05/2019 12:44 PM
ckkhor0722 so low
01/05/2019 12:44 PM
TheContrarian Most probably there was huge impairment.
01/05/2019 3:01 PM
Yi Heng reach gonna rebound soon
01/05/2019 5:12 PM
SuperPanda look at the cash flow
01/05/2019 7:42 PM
nckcm Need to pay 302m borrowing in 2019
01/05/2019 8:07 PM
SuperPanda thats why it traded at current price, if not would not be below 30c

you buy rm1 stock earn 5c only 5% gain, you buy .30 stock earn 5c already 17%, of course downside risk is similar with upside gain

sahul disposition reducing stake may have something going to happen, i decide to hold and accumulate
02/05/2019 10:04 AM
SuperPanda collect today at .29, .28, queue .275 but didnt get
02/05/2019 11:18 PM
Guijc What does adoption of new constitution means?
03/05/2019 12:13 AM
SuperPanda ive just read last night but yet to absorb the details
03/05/2019 9:05 AM
SuperPanda it will be tabled in coming AGM
03/05/2019 9:08 AM
8251313 Is getting lower and lower each day. Damn the management. Con the small shareholders money
And get high remuneratuon with shit performances.
03/05/2019 9:16 AM
Guijc I think the investors are reacting on the news, selling pressure in near term... damn, i accumulated the share too early at price 0.31
03/05/2019 9:35 AM
SuperPanda if price drop further to .26 today, cl and move on
03/05/2019 9:44 AM
NoEmo Can start trade entry at 245 and average down to 21 as brent oil will hit bottom at usd59.5pb in the worst case scenario.
03/05/2019 9:49 AM
Ho Sook Ching I give up
03/05/2019 9:59 AM
TheContrarian Added @ 26.5 sen this morning.
03/05/2019 6:18 PM
NoEmo Expecting one step hell, one step heaven.
03/05/2019 9:34 PM
ramada Directors disposing heavily recently.
03/05/2019 9:46 PM
adamdacutie Bye-bye reach must be a very horrific quarter
06/05/2019 9:45 AM
paktua73 manage eat at 0.255..
paktua will adds more if down more

tut tut
love red sea
06/05/2019 9:58 AM
paktua73 ok done for morning season..
let see this evening..
can break or not wall 0.25

tut tut
will wait at 0.23 to reload again
06/05/2019 12:33 PM
TheContrarian Added at 25.5 sen.
06/05/2019 1:08 PM
SuperPanda new ave at .29 but a bit sceptical on why ceo disposing big chunk on its shares

-ve perception
1-company cannot pay debt, cash call soon
2-next report still losing
3-ceo to step down

+ve perception
1-ceo to reduce stake due to new stakeholders
2-ceo to reduce stake due to m&a

i believe reach will be good bet based on the current oil price margin and the value of its asset, but they might need to do corporate exercise either by pp, cash call or debt refinance.

any outcome for above, cash call will be the most possible outcome but it will depress the price further down
07/05/2019 11:33 AM
SuperPanda keeping cash to collect at bottom .22 if it comes
07/05/2019 11:35 AM
Ron90 why still wanna collect when the future is looming ??
07/05/2019 2:27 PM
SuperPanda the future is rely on oil price... which i think will be fully supported by opec

as for the cash flow, significant improvement from prev years to 2018

2017 : almost -80m
2018 : almost +80m
07/05/2019 3:04 PM
SuperPanda its always a risk buying a high debt stock, if it drop to your limit, jst cut loss and move on
07/05/2019 3:06 PM
VFTRADER International fund started pressing down oil px in this 2 mths to chase most of the investors out from the market for them to buy low. They are betting on the yearly event so call tornado crash into Mexico Gulf in early CQ3 and force major refineries to shut down which will push oil px up.

So will the tornado coming this year???? only time can tell.
08/05/2019 8:47 AM
Jeffrey Ng who still keeping at .505?? who still thinking to have faith to go up 0.70 by end of this year? hahha....
08/05/2019 11:10 AM
newbie_2016 excerpt from Annual Report 2018

"We continue to be optimistic and excited by the
prospects of Reach Energy and Emir-Oil that are waiting
to be unearthed as we seek further growth, profitability
and optimisation opportunities to progress and develop
the Company. To our shareholders, we hope you will
continue to retain your ownership of our Company as we
strive to maximise your value"

wah so optimistic one.. looks like long term plan... uncle pon sudah tua
08/05/2019 12:13 PM
Ron90 perhaps this one not follow Sumatec ..main problem is the ceo, not competent
09/05/2019 1:38 PM
newbie_2016 sumatec gone case?
09/05/2019 3:09 PM
sell Probably. If not why director keep selling?

Posted by newbie_2016 > May 9, 2019 3:09 PM | Report Abuse
sumatec gone case?
10/05/2019 2:46 AM
sell Price
IR SHAHUL HAMID BIN MOHD ISMAIL 23-Apr-2019 Disposed 40,000,000 0.281 View Detail
IR SHAHUL HAMID BIN MOHD ISMAIL 11-Apr-2019 Disposed 25,000,000 0.280
10/05/2019 2:47 AM
sell 65 million shares sold at 28 sen could be next Sumatec?
10/05/2019 2:47 AM
teoh1128 if it is next Sumatec who is the buyer ?IR SHAHUL HAMID BIN MOHD ISMAIL is not selling in the open market.
13/05/2019 12:16 PM
SuperPanda market is irrational, look for end year target. debt will be managed if cash flow continue good

accumulate below 0.26
15/05/2019 12:02 AM
Ron90 8 QR in the red..if the 9th olso in the red.. instead of continue to accumulate, better use that money else where stock with better potential, and cut loss your position. Destini would provide better potential than this one..same cost
15/05/2019 3:17 AM
SuperPanda dont be so naive, diversify your holding

if you wanna bet on o&g driller, destini is different category
15/05/2019 5:36 AM
SuperPanda btw, im only paper loss a bit and only hold small lot here
15/05/2019 5:38 AM
coolio too good not to join at this price...
15/05/2019 8:20 AM
SuperPanda .24 will be the lowest support now, i dont think it will down below .24 or .245 again so tomorrow will queue at .25
17/05/2019 12:51 AM
7300 crude oil strong rebound,,....O&G theme play ,expected market bottom out will be the sector to lead again!
17/05/2019 12:57 AM
Ron90 CEO enjoy all the benefits, living in lavish style using investors money, got fat salary, allowances, stock, warrant.. and in return..produce nothing from 22 Billion mc company.

same boat with sumatec boss
17/05/2019 1:16 AM
SuperPanda CEO build the business and its was not easy building one from scratch.

and the problem with the business is not due to its fault. its the oil price.

if you believe in the sector recovery, then it should be the main reason buying it in the first place
17/05/2019 9:49 AM
more_n_more buy buy buy...
goreng goreng goreng....
17/05/2019 10:30 AM
ckkhor0722 next week Qr report will out right?
17/05/2019 3:41 PM


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