Highlights
KLSE: ALAM (5115)       ALAM MARITIM RESOURCES BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.09   0.00 (0.00%)  0.09 - 0.095  590,500
Trade this stock for as low as 0.05% brokerage. Find out more.

Overview

Market Cap: 86 Million
NOSH: 957 Million
Avg Volume (4 weeks):1,257,947
4 Weeks Range:0.085 - 0.095
4 Weeks Price Volatility (%):
50.00%
52 Weeks Range:0.06 - 0.16
52 Weeks Price Volatility (%):
30.00%
Average Price Target: 0.13
Price Target Upside/Downside: +0.04

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  30-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -0.53  |  -188.85%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.3844  |  0.23
T4Q NP Margin | ROE: -110.83%  |  -44.21%

Headlines

Date Subject
16-Sep-2019 Four simple reasons why Alam Maritim can hit 20 sen
20-Jun-2019 Alam the dark horse- Revenue boost up 3times by this year,
26-Apr-2019 PublicInvest Research Headlines - 26 Apr 2019
15-Apr-2019 获巨额合约激励 世界海事-WA初登场大涨/温世麟硕士
02-Apr-2019 PublicInvest Research Headlines - 2 Apr 2019
12-Mar-2019 PublicInvest Research Headlines - 12 Mar 2019
12-Mar-2019 Mplus Market Pulse - 12 Mar 2019
31-Jan-2019 PublicInvest Research Headlines - 31 Jan 2019
29-Jan-2019 Daily Technical Highlights – (ALAM, VIZIONE)
24-Jan-2019 Mplus Market Pulse - 24 Jan 2019
24-Jan-2019 PublicInvest Research Headlines - 24 Jan 2019
13-Dec-2018 PublicInvest Research Headlines - 13 Dec 2018
13-Dec-2018 Mplus Market Pulse - 13 Dec 2018
12-Dec-2018 TH cutting exposure to stock market
12-Dec-2018 Mplus Market Pulse - 12 Dec 2018
12-Dec-2018 PublicInvest Research Headlines - 12 Dec 2018
03-Dec-2018 PublicInvest Research Headlines - 3 Dec 2018
03-Dec-2018 Alam Maritim Resources - 9M18 Widen Losses; Cease Coverage
15-Oct-2018 Mplus Market Pulse - 15 Oct 2018
03-Oct-2018 Oil & Gas - Contracts Flow Expected to Improve

Business Background

Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates through two business segments: Offshore support vessels and services, and Subsea services. Its Offshore support vessels and services segment is engaged in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.
Analyze this stock with MQ Trader system

  41 people like this.
 
Md Zin Saleh First two quarters revenue is rm94m. Next two quarters expected revenue is around rm200m. Maybe about rm100m for the next 3Q. Keep!
30/08/2019 5:35 PM
SuperPanda .20 is sure, only time will tell, this stock character match with my long term investment criteria

if in case recession happen, i believe it will only drop to .07 the most, so quite safe

100% gain next year, see u there
01/09/2019 7:16 AM
bizzybone Btw, Maybank upgraded Alam to RM0.18.

Not a buy call, just FYI for those not aware.
03/09/2019 9:07 AM
bros tq bizzybone
03/09/2019 12:47 PM
T800Terminator Wow. That will be 100% gain if Maybank top price realized soon. Son 0.10?
03/09/2019 12:50 PM
bigman888 din see any price target from Maybank
03/09/2019 4:30 PM
5c0160 0.08
03/09/2019 6:50 PM
T800Terminator September 2, 2019
Alam Maritim (AMRB MK)
Exited CDRC; a positive catalyst
BUY
Share Price
12m Price Target Previous Price Target
Company Description
[Prior:SELL]
Raised TP from MYR0.06 to MYR0.18; U/G to BUY
1H19 core loss was in line with our estimate. We raise FY20-21E earnings on improving prospects (higher OSV utilisation & underwater services ops). Also, Alam has exited the CDRC scheme, which is a positive catalyst that warrants a valuation re-rating. Our revised TP (+200%) is based on a higher 0.4x BV to reflect mean valuations post sub-USD100/bbl oil price vs. 0.1x BV previously (a debt default risk valuation).
OSV ops turnaround in 2Q19
2Q19 core net loss of MYR4m (-29% QoQ; -72% YoY) took its 1H19 core loss to MYR9m (-56% YoY), accounting for 49% of our FY estimate. The lower QoQ loss was driven mainly by the turnaround at its OSV division. Despite registering lower utilisation, it managed to reduce opex and reported MYR1m in EBIT (vs. LBIT of MYR2m in 2Q19). This was, however, offset by the continuous losses at its associate (-MYR2m) and underwater services division (-MYR2m), respectively.
Improving prospects
Its net gearing level was 12% at end-Jun 2019. We understand that Alam has recently exited the CDRC scheme, a positive re-rating catalyst, in our view. There is no debt haircut except for: (i) a 7-year extension on principal debt repayment up to 2024; and (ii) lower interest rates (5% now vs. 6-7%). This is a positive from a cashflow and working capital perspective. Operationally, it has reactivated 2 OSVs for charter in 3Q19 with 4-5 to go (currently docked), which will further strengthen its financials ahead. Notwithstanding that, its underwater services activities will also see improvement, driven by Vestigo’s EPCI USD59m contract.
Raise FY20-21 earnings; the worst is over
Our FY19 earnings are unchanged but we raise FY20-21 earnings to reflect improved OSV and underwater services ops. We now expect lower interest expense, higher OSV utilization of 70-71% (+1-2ppts) and lower opex (-8-12%) for FY20-21. All in, we expect Alam to break-even (ex-OSV assets impairment) in FY20 and return to profit in FY21.
An OSV service provider, operating largely in Malaysia
FYE Dec (MYR m)
Revenue
EBITDA
Core net profit
Core EPS (sen)
Core EPS growth (%)
Net DPS (sen)
Core P/E (x)
P/BV (x)
Net dividend yield (%) ROAE (%)
ROAA (%)
EV/EBITDA (x)
Net gearing (%) (incl perps) Consensus net profit
MKE vs. Consensus (%)
Liaw Thong Jung tjliaw@maybank-ib.com (603) 2297 8688
FY17A FY18A
161 93 (36) (72)
FY19E
172 33 (18) (2.0) nm 0.0 nm 0.2 0.0 (4.7) (2.9) 2.2 net cash (19) 0.7
FY20E
199 45 0 0.0 nm 0.0 nm 0.2 0.0 0.0 0.0 0.6 net cash (14) 100.1
FY21E
216 49 4 0.5 57,925.0 0.0 20.5 0.2 0.0 1.1 0.7 nm net cash (10) 141.7
(98) (10.6) nm 0.0 nm 0.3 0.0 (21.8) (10.8) nm 16.1 - -
(84) (9.1) nm 0.0 nm 0.2 0.0 (35.0) (11.3) nm 10.2 - -
Statistics
52w high/low (MYR)
3m avg turnover (USDm) Free float (%)
Issued shares (m) Market capitalisation
Major shareholders: SAR Venture Lembaga Tabung Haji Caprice Capital Intl.
Price Performance
0.240 0.220 0.200 0.180 0.160 0.140 0.120 0.100 0.080 0.060
Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19
Alam Maritim - (LHS, MYR)
Alam Maritim / Kuala Lumpur Composite Index - (RHS, %)
Absolute (%) Relative to index (%) Source: FactSet
-1M -3M -12M
0 6 (24) 1 8 (14)
MYR 0.10
MYR 0.18 (+89%) MYR 0.06
0.15/0.07 0.1 45.0 924 MYR87.8M USD21M
35.7% 10.1% 7.8%
210 190 170 150 130 110 90 70 50 30
THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD
PP16832/01/2013 (031128)
SEE PAGE 7 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS
Malaysia Oil & Gas Shariah Compliant

Alam Maritim
Summary Results Table
03/09/2019 11:13 PM
SuperPanda its a buy call for me and accumulation at .09, all for next year return..
04/09/2019 3:21 PM
T800Terminator Yup. 100% return from Maybank IB forecast.
04/09/2019 3:34 PM
Davidyeap 被低估
05/09/2019 9:10 AM
acinanatucer Still can survive hoo? Good2.
05/09/2019 11:14 AM
T800Terminator Hopeless? Nope, it goven opportunity for you to buy low.
06/09/2019 3:27 PM
T800Terminator Son or mother? If mother, sell to me pls.
10/09/2019 12:27 PM
SuperPanda keep accumulating for next year 100% gain, be patient..
10/09/2019 5:45 PM
SuperPanda if you no confident with alam revival, try to read their AR.. the way they report the business.. very encouraging
10/09/2019 5:46 PM
SuperPanda once operation makes profit, it will shoot up just like bumi armada did
10/09/2019 5:47 PM
T800Terminator Vol started to pick up this week in uptrend mode.
11/09/2019 11:57 AM
Davidyeap Right
11/09/2019 1:40 PM
SuperPanda penergy, dayang, icon, carimin, velesto all has gearing up winning contract from petronas... alam will be next
11/09/2019 10:05 PM
SuperPanda just patiently wait and accumulate more 0.09-0.95
11/09/2019 10:07 PM
T800Terminator Precisely. Accumulate more when it still weak.
11/09/2019 11:04 PM
freddiehero mana shoot like bumi saja meh?
11/09/2019 11:17 PM
freddiehero is like.uzma lo.. let make a wish la..
11/09/2019 11:18 PM
SuperPanda alam is underdog in o&g, same level with icon and barakah.. compare the 3, alam has lower gearing and firm order book

its only abt time it fate to change, so start to invest more when weak and hold

uzma, penergy, carimin has upped almost 100% from its lowest, you can buy them back when market bearish but not when they are at peak now
12/09/2019 11:39 AM
Victory99 Agree....
12/09/2019 4:40 PM
Victory99 Huge potential and undervalued gem. Just wait patiently for the O & G theme play. Expect more than 100% return for this one.....
13/09/2019 3:14 PM
Mabel Read this. High chance Alam Maritim will shoot through the roof next week.
https://klse.i3investor.com/blogs/kingcatkingcat/224966.jsp
15/09/2019 1:31 PM
ramada Alam Maritim and its warrants may open at 10 and 5 sen on next trading day.
15/09/2019 7:59 PM
ramada I'm just guessing, who knows. Let's wait and see.
15/09/2019 8:01 PM
Mabel Read this
https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html
Half of Saudi Arabia's oil production has gone offline following a surprise drone strike.
15/09/2019 9:58 PM
Michael Kwok I agree.Alam will be passing 20 cent worst case scenario.If things gone 2-3 quarter of of increase in profit consecutively then testing the 30 cent possible.Finally we agree with this counter.
15/09/2019 11:51 PM
ChoCho During Alam's heydays from year 2013 to 2015, share price traded at RM1.65 (highest) with quarterly Revenue ~RM90-160Mil. Alam's latest quarter Revenue jumped 2.5x from RM27Mil to RM66Mil. TA based on monthly chart, currently share price is at lowest rounding bottom. Typically a rounding bottom pattern will revisiting the rim cup/bowl again i.e RM1.65. Similar patterns examples: Dayang, DRB Hicom, Carimin, and many more.
16/09/2019 12:43 AM
TomyamGong 0.05 is coming
16/09/2019 8:48 AM
kk7198 Better go n drink your tomyam soup.
16/09/2019 8:53 AM
cccc Ya, its warrants will be opened at RM0.05. Thanks for the info.
16/09/2019 8:54 AM
Airline Bobby Beep beep. Goreng goreng incoming.
16/09/2019 9:25 AM
Armada An Quantum Leap Stock In 2019/2020 Given its penny amongst o&g
Alam now is a Bit Traders game.

Personally i'll stay out from Alam.
16/09/2019 9:26 AM
Armada An Quantum Leap Stock In 2019/2020 Thise Bit Trader willing to close position with mass of vol. Traded
With 2-3 bids considered a great trade for them.

Are u willing to do tge same with a retailers sizes ?
Yes , maybe the enthusiasm from retailers may move up alam to 0.120
I trust veteran traders definitely will start harvest batch by bacth from there... if ine luckily bought earlier at 0.09 maybe a hold strategy is in best ground.
16/09/2019 9:43 AM
Armada An Quantum Leap Stock In 2019/2020 Retailers got no edge in front of the professional Bit Traders,
Unless more veteran investors & fund manager start roll in .

In alam case , what would be the changes?
16/09/2019 9:53 AM
Trump I believe Alam Maritim at least will pass 10 sen tomorrow. 12 sen is a bonus. 20 sen is short term TP.
https://klse.i3investor.com/blogs/buburchacha123/224995.jsp
16/09/2019 1:46 PM
ChoCho want to make profit few hundred % is play this type of super penny stocks. even lose all is rm0.09. compare to those at rm10, become rm8,rm5,rm2, rm1..... Traders create volatility or opportunities to make/lose $. Trade with the oil price tide now is better than stay sideline and hold those snail pace stocks.
16/09/2019 2:05 PM
ramada Net assets 43 sen. RM300 mil revenue to be recognized this year. Balance sheet passed with RM120 mil borrowings & RM29 mil cash in hand. TP 20 sen is achievable, no play-play.
16/09/2019 4:06 PM
T800Terminator Precisely. Mother 0.20, son 0.12 year end? Or end of oct?
16/09/2019 10:35 PM
ChoCho Dow Jones' o&g sector/counters are very green now. Independent explorers/drillers, equipment/pipeline suppliers, refinery all are benefiting from the Aramco refinery fire.
16/09/2019 10:54 PM
bigman888 It won't last long... Just people goreng...
16/09/2019 10:55 PM
ChoCho Got people goreng better than sleeping stocks. Stock market is memang for people to goreng.
16/09/2019 11:04 PM
KAQ4468 Learn from this guy ..... Terbaekkkkkkk





Posted by slts > Sep 16, 2019 7:16 PM | Report Abuse

perisia even cheaper, only 0.005s
cannot drop anymore even if mkt drop 1000pts haha
16/09/2019 11:08 PM
SuperPanda wow, more people come to join here after few months of sleeping.. and so far ive read 2 blogs recommending alam..

if you dont collect while it low, dont blame others, should blame yourself..
16/09/2019 11:20 PM
SuperPanda its a .095 stock with good growth recovery next year.. its a sure 100% gain in a year
16/09/2019 11:21 PM


 

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