Highlights
KLSE: BARAKAH (7251)       BARAKAH OFFSHORE PETROLEUM BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.095   0.00 (0.00%)  0.085 - 0.095  12,318,100
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Overview

Market Cap: 79 Million
NOSH: 827 Million
Avg Volume (4 weeks):19,629,990
4 Weeks Range:0.085 - 0.11
4 Weeks Price Volatility (%):
40.00%
52 Weeks Range:0.04 - 0.245
52 Weeks Price Volatility (%):
26.83%
Average Price Target: 0.06
Price Target Upside/Downside: -0.035
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2018  |  28-Feb-2019
Next QR | Est. Ann. Date: 31-Mar-2019  |  30-May-2019
T4Q P/E | EY: -1.28  |  -78.35%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.1627  |  0.58
T4Q NP Margin | ROE: -25.33%  |  -45.29%

Headlines

Date Subject
04-Apr-2019 Evening Market Summary - 4 Apr 2019
19-Mar-2019 PublicInvest Research Headlines - 19 Mar 2019
13-Feb-2019 Evening Market Summary - 13 Feb 2019
12-Feb-2019 Evening Market Summary - 12 Feb 2019
12-Feb-2019 PublicInvest Research Headlines - 12 Feb 2019
11-Feb-2019 Technical View - Barakah Offshore Petroleum (7251)
28-Jan-2019 Technical View - Barakah Offshore Petroleum Bhd (BARAKAH, 7251)
17-Jan-2019 PublicInvest Research Headlines - 17 Jan 2019
17-Jan-2019 Mplus Market Pulse - 17 Jan 2019
16-Jan-2019 PublicInvest Research Headlines - 16 Jan 2019
16-Jan-2019 Mplus Market Pulse - 16 Jan 2019
17-Oct-2018 Mplus Market Pulse - 17 Oct 2018
17-Oct-2018 PublicInvest Research Headlines - 17 Oct 2018
12-Oct-2018 Mplus Market Pulse - 12 Oct 2018
02-Oct-2018 Daily Technical Highlights – (BARAKAH, CCM)
12-Sep-2018 Technical View - Barakah Offshore Petroleum Bhd
29-Aug-2018 PublicInvest Research Headlines - 29 Aug 2018
28-Aug-2018 PublicInvest Research Headlines - 28 Aug 2018
10-Aug-2018 PublicInvest Research Headlines - 10 Aug 2018
10-Aug-2018 Mplus Market Pulse - 10 Aug 2018

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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  16 people like this.
 
Moc Nokin Gagasan nadi uptrend today!
Barakah, up up up!
12/04/2019 1:11 PM
BigDaddyCool up your kuku bird la
12/04/2019 3:51 PM
bigfund It will go down some more
12/04/2019 4:09 PM
KiraL pass few day stable at range 0.95-1.00, be steady.
It will up again.
12/04/2019 4:42 PM
KiraL Current BARAKAH value is 1.00, is reasonable price.
0.95 is consider worth to buy.
12/04/2019 4:45 PM
ksham when is debt restructuring deadline?
12/04/2019 7:18 PM
Kyle Kai Barakah can buy in some.. nice
14/04/2019 10:11 AM
KiraL 1.00 is reasonable price. Anything below 1.05 is a bonus. Buy and keep 1st.
15/04/2019 11:24 AM
Moc Nokin No bad, keep maintain at around 0.95-1.00.
Got potential to uptrend!
Keep for long term..
15/04/2019 5:04 PM
whoo Finally NH resigned!! New investors! No more margin call!! Good for everyone here
15/04/2019 9:23 PM
Mabel https://www.theedgemarkets.com/article/nik-hamdan-steps-down-barakah-presidentcumceo-pave-way-restructuring

The source close to the matter told theedgemarkets.com that the resignation of Nik Hamdan — Barakah’s controlling shareholder with a 33.808%. direct stake — was the "best action" for the company.

“The boardroom change as announced today was thought of as the best action that can be taken for the group to work on resolving its financial problem, especially the amount that is overdue to its creditors.
15/04/2019 9:35 PM
劉尹光 tommorow barakah will be red and drop ....
15/04/2019 9:50 PM
Ron90 great news la.. change the stupid CEO !!..price should move up
15/04/2019 10:37 PM
Flyinghorse Barakah will fly to the moon tomorrow. The best action taken for the good of the company.
15/04/2019 10:40 PM
Ron90 fundamentally strong, only the major issue was the stupid CEO, which i am glad, already gone. I am pretty sure, he was forced by the creditors as one of the requirements for them to accept the restructuring plan.
15/04/2019 10:49 PM
Moneymore Ok, tomorrow gap up 0.15 finally restructure plan moving ahead!
16/04/2019 12:44 AM
Flyinghorse Huat ah. Ong ah. Heng ah
16/04/2019 8:23 AM
Megan88 Gap down today..
16/04/2019 8:56 AM
BigPro Should be Gap Up today..
16/04/2019 10:05 AM
Davidyeap Davidyeap 该把这NIK HAMDAN BIN DAUD换了,这么好的公司搞到这样
02/04/2019 4:42 PM

终于把他换了哈哈哈,要飞了
16/04/2019 10:23 AM
KiraL Time to fly, spamming to buy!
Always support this potential stocks.
16/04/2019 10:58 AM
Megan88 Lol.. long selling queue and ppl dreaming it will fly.. hahaha
16/04/2019 11:39 AM
bigfund Bear and bull is fighting. See who win.
16/04/2019 11:52 AM
zing963 Hard to fly if there is still so many ppl queue to sell 0.1 and 0.105
16/04/2019 1:58 PM
Davidyeap Nik Hamdan辞职是为负债累累的集团重组铺路。
16/04/2019 6:27 PM
Flyinghorse Today will fly? Stay tuned
17/04/2019 8:21 AM
BigDaddyCool oversold on daily chart.Anytime will rebound for technical
17/04/2019 8:30 AM
Chun Loke Low Unlikely to rebound yet lahh.. Malaysia market is dying now
17/04/2019 10:24 AM
zing963 Less volume right now, major change might coming
17/04/2019 12:58 PM
binkipoddy SaiLang
17/04/2019 1:40 PM
Pisex theres alot of changes in shareholders. Anyone knew what happened?
17/04/2019 11:30 PM
Jayce Khoo I just know we all at Holland now, cannot go back Msia
18/04/2019 9:31 AM
BigPro Market sentiment still bad... after market back to normal, sure will fly high.
18/04/2019 9:53 AM
avatarsnipe Yea.... still at holland now.... hahaha.
18/04/2019 10:16 AM
zing963 Not looking good, dropped to 0.09 dy
18/04/2019 3:45 PM
劉尹光 hmm! show be toward to south .... how bottom is support line...
18/04/2019 6:20 PM
Davidyeap (吉隆坡17日讯)砂拉越石油公司(Petros)正积极朝向2019年底的“自治大限”,实质推行州政府的指令以增加当地业者参与度,达到营收共享,分析员预计,该计划不会再延迟。

大华继显研究分析员指出,他们出席了首次砂拉越主导的油气领域大会,讨论的课题包括Petros的计划、供应商发展和蕴藏数据等。

该行分析员认为,Petros接下来料采取实质行动来推行州政府的指令,尤其是营业额共享和提高当地业者的参与。

分析员相信,Petros的计划不会再有任何展延,因为所有涉及单位都正在努力达成鉴定的协议。而且这是有必要的,才能启动展延了的新项目。

同时,与会者要求Petros趁早揭示新的措施,以避免不必要的中断干扰。

与会者也在大会上询及关于国油的执照问题,Petros表示无意全面以石油开采法令(Oil Mining Ordinance,简称OMO)来取代,而且1974年石油发展法令(PDA)也有阐明监管条例。

因此,Petros会以更实际的方式来执行,以确保不会让整个过程太过复杂或对承包商造成成本负担,同时确保业者仍符合所有中央和州政府的条例。

分析员补充,Petros年底的大限也意味着国家石油(Petronas)、布城(和主要顾问)及砂拉越州的1年宽限期将结束。
18/04/2019 9:06 PM
zing963 Does this news related to Barakah also?
18/04/2019 10:40 PM
Will8080 Bought in some today
19/04/2019 12:28 AM
Flyinghorse Not moving. Hope today a good show
19/04/2019 7:31 AM
BigDaddyCool nothing related to barakah. Debts is pilling with excessive amount of loan outstanding from bankers.What are the remedy?.....Issuance of new Right Issue with every existing 1:2...price depleted heavily
19/04/2019 8:39 AM
BigDaddyCool 90 days grace period is over.Nik Hamdan resigned.Company is in huge losses with debt burden.How the share price will increased will depends on the new management team.NH is history,.The only way is to liquidate its assets where i doubt so.2nd that best is to issue new rights issues.3rd a white knight coming in to become the largest shareholder with new project.But I guess Samling group is in a euphoria as the balance sheet is a disaster!!
19/04/2019 10:23 AM
劉尹光 dropping,... ala ... huge loss..
19/04/2019 11:46 AM
afifi change ceo bursa
not improve
19/04/2019 11:57 AM
Wong Kahcheng can we say that someone is accumulating?this few days...
19/04/2019 12:44 PM
Davidyeap 三林集团,以美里为基地,
是砂劳越的一个未上市但财力雄厚的集团,
三林通过UNITED POWER在2017年购入
BARAKAH的11.91%股份。

砂州已经成立了PETROS (砂油),
以后砂州境内的油气工程,
主要由它和国油协商和分配。
三林在PAN BORNEO独得一个配套。
实力可想而知。

另外,BARAKAH通过它的子公司和
Brooke Dockyard跟三林签署一项联营合约,
一起竞标砂州的油气工程。
Brooke Dockyard 是砂州政府持股公司,
目前有很多油气平台工程在进行中。
综合来看,这三家公司的合作,
有了资金,有了经验,有了网络,
理应会分得一杯羹。

就像T7Global 有重要人士进驻,
UMWOG后面由PNB支撑,
BARAKAH相信会由PETROS支撑。
油气中上游虽然未明显回春,
但是大家都在努力部署了。
19/04/2019 1:19 PM
bigfund Stay tune
19/04/2019 3:37 PM
Flyinghorse Yup yup stay tune
19/04/2019 5:03 PM
Pisex “BEWARE: BURSA MALAYSIA SCAM ALERT! YOU ARE BEING SCAMMED!

Ever wondered why the counter that you’ve invested your hard-earned money in, can NEVER MOVE, come hell or high water?

The reason is simple. It is under the control of a bottom-feeding shark cartel. They cleverly place half a million to one million Ringgit in a fake buyers queue to entice buyers to buy. In Talam’s case, they put a fake buyer’s’ queue of 650k lots to buy at 0.04 cents. That block of 650k lots equals 65M shares amounting to RM2.6M! That block is too big for the ordinary investor to buy up and they know it and that, in a nutshell, is their modus operandi. That’s the reason why the shares won’t move for as long as they have control.

They are actually ikan-billis sharks. They target lower priced or penny stocks and cos in distress for they know that the owners are as hapless as the rest of us. Their modus operandi is what I would call a straddle-control scam and it works as follows. They pool together a relatively small sum of, say, Rm7M. They proceed to buy up penny stocks or distressed co shares all the way from the bottom to the relative top (won’t be very high as the co is in distress). Then they place RM1M to RM2.6M worth of buy orders at the bottom price (called the bottom fake queue)

In PHB’s case, they place a fake buyer’s queue to buy at 0.020. That block of 483,430 lots equals roughly 50 million shares (probably the original fake queue) amounting to RM1M! With Netx, they put a fake buyer’s’ queue of 1.08M lots to buy at 0.01 cents. That block of 1.08M lots equals 108M shares amounting to RM1.08M! In TDM’s case, they hide themselves in the second tier queueing to buy at 0.17. That block of 37,518 lots equals 3.7518M shares amounting to RM1/2M! In Daya‘s case, they create a fake buyer’s queue of 2.38M lots to buy at 0.005 cents. That block of 2.38M lots equals 238M shares amounting to RM1.19M! In Sumatec’s case they place a huge buy order of 3.5M lots at 0.005 cents. That works out to 350M shares amounting to RM1.75M!

These ikan-billis sharks are actually bottom feeders. Normally in a free and honest market, with such a massive buy order, it’s inevitable that the sell (ask) order would be executed/taken by someone. But these scammers ensure that they do not. These bottom feeder sharks will ensure that the price of the stock will NEVER rise and they’re happy to make as little as half cent per share. Multiply that half cent with the billions of shares issued by these penny stocks plus the number of daily transactions over the years and these scammers have reaped hundreds of millions and perhaps, billions, from poor investors! Notice that their buy order of 1M lots remain static, come hell or high water. If genuine buyers chase the stock higher, they’re happy to sell at the higher price. They then send their agents to these forums to sow fear, create doubt and generally to talk down the stock. You see, all the Calvin-bashing is really aimed at making the stock fall in price for that’s part of their M.O. Next, they gently let the price fall towards the level of their bottom fake queue so that first, the contra players are forced to sell at that bottom price and later the long holders who eventually give up as the price keeps falling despite the millions of buy orders (the bottom fake queue)!

Their objective is to create a situation where they frustrate the hell out of buyers until these buyers sell to them eventually at that bottom price and they’ve profited from the price difference as the seller (previously buyer) bought it from them at a higher price (Talam recently went up to 0.055c) plus they get to buy back the stock at the rock bottom price that these sharks have parked their fake queues!

Angry? Here’s what you can do. First, don’t EVER sell your shares and help the scammers succeed with their scam. They are going to jail and the counter will finally be subject to free market forces! It’s like taking antibiotics to get rid of the bad bacteria in your system. It’s necessary and will eventually lead to complete healing. So DON’T DUMP your shares and help the scammers, coz that’s what they want! All the other counters mentioned above stopped bleeding and the panic selling stopped by the afternoon session. So stay calm and do not panic, k?

Those of you with contacts in the mass media or Politicians or have saudara in the Police force especially in the Commercial Crimes Division of PDRM or MACC or Bursa Malaysia or the Companies Commission of Malaysia, please contact them and lodge a complaint/report with them.

Whatever the case, those of you who’ve been hurt by the actions of these sharks can file a complaint with ALL of the above agencies. Include the Usernames of those who are obviously agents of these scammers who come to these forums to talk down the stock and help the syndicate/scammers drive down the prices!
20/04/2019 11:14 AM
Pisex Share your thought please.. Seems like we were the victim now. If we were then I hope they all burnt in hell..
20/04/2019 11:15 AM


 

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