Highlights
KLSE: CARIMIN (5257)       CARIMIN PETROLEUM BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.61   0.00 (0.00%)  0.595 - 0.625  8,031,900
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Financials


Market Cap: 143 Million

Market Cap 143 Million
NOSH 234 Million

Latest Audited Result:  30-Jun-2020

Latest Audited Result: 30-Jun-2020
Announcement Date 28-Oct-2020
Next Audited Result: 30-Jun-2021
Est. Ann. Date: 28-Oct-2021
Est. Ann. Due Date: 27-Dec-2021

Latest Quarter:  30-Jun-2020 [#4]

Latest Quarter: 30-Jun-2020 [#4]
Announcement Date 28-Aug-2020
Next Quarter: 30-Sep-2020
Est. Ann. Date: 27-Nov-2020
Est. Ann. Due Date: 29-Nov-2020
QoQ | YoY   -87.95%  |    -153.68%

Annual (Unaudited) ( EPS: 5.21, P/E: 11.72 )

Revenue | NP to SH 373,776  |  12,177
RPS | P/RPS 159.82 Cent  |  0.38
EPS | P/E | EY 5.21 Cent  |  11.72  |  8.54%
DPS | DY | Payout % 1.20 Cent  |  1.97%  |  23.05%
NAPS | P/NAPS 0.70  |  0.88
YoY   -57.74%
NP Margin | ROE 2.89%  |  7.49%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020

T4Q Result ( EPS: 5.21, P/E: 11.72 )

Revenue | NP to SH 373,776  |  12,177
RPS | P/RPS 159.82 Cent  |  0.38
EPS | P/E | EY 5.21 Cent  |  11.72  |  8.54%
DPS | DY | Payout % 1.20 Cent  |  1.97%  |  23.05%
NAPS | P/NAPS 0.70  |  0.88
QoQ | YoY   -55.05%  |    -57.74%
NP Margin | ROE 2.89%  |  7.49%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020

Annualized Result ( EPS: 5.21, P/E: 11.72 )

Revenue | NP to SH 373,776  |  12,177
RPS | P/RPS 159.82 Cent  |  0.38
EPS | P/E | EY 5.21 Cent  |  11.72  |  8.54%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   -47.47%  |    -57.74%
NP Margin | ROE 2.89%  |  7.49%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020


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Date Financial Result Financial Ratio Per Share Item Performance Valuation (End of Quarter) Valuation (Ann. Date)
F.Y. Ann. Date Quarter # Revenue PBT NP NP to SH Div Net Worth Div Payout % NP Margin ROE NOSH RPS Adj. RPS EPS Adj. EPS DPS Adj. DPS NAPS Adj. NAPS QoQ YoY EOQ Date EOQ Price EOQ P/RPS EOQ P/EPS EOQ P/NAPS EOQ EY EOQ DY ANN Date ANN Price ANN P/RPS ANN P/EPS ANN P/NAPS ANN EY ANN DY
30-Jun-2020 28-Aug-2020 30-Jun-2020 4 60,884 -1,824 -4,713 -5,210 - 162,638 - % -7.74% -3.20% 233,878 26.03 26.03 -2.23 -2.23 0.00 0.00 0.6954 0.70   -87.95%   -153.68% 30-Jun-2020 0.65 2.50 -29.18 0.93 -3.43% 0.00% 28-Aug-2020 0.635 2.44 -28.51 0.91 -3.51% 0.00%
30-Jun-2020 18-May-2020 31-Mar-2020 3 53,520 -2,595 -3,825 -2,772 - 167,994 - % -7.15% -1.65% 233,878 22.88 22.88 -1.19 -1.19 0.00 0.00 0.7183 0.72   -134.43%   -230.08% 31-Mar-2020 0.535 2.34 -45.14 0.74 -2.22% 0.00% 0.795 3.47 -67.08 1.11 -1.49% 0.00%
30-Jun-2020 20-Feb-2020 31-Dec-2019 2 107,129 7,889 6,838 8,051 2,806 173,654 34.86% 6.38% 4.64% 233,878 45.81 45.81 3.44 3.44 1.20 1.20 0.7425 0.74   -33.51%   52.94% 31-Dec-2019 1.32 2.88 38.35 1.78 2.61% 0.91% 20-Feb-2020 1.15 2.51 33.41 1.55 2.99% 1.04%
30-Jun-2020 27-Nov-2019 30-Sep-2019 1 152,243 14,126 12,488 12,108 - 165,632 - % 8.20% 7.31% 233,878 65.10 65.10 5.18 5.18 0.00 0.00 0.7082 0.71   24.75%   3.35% 30-Sep-2019 1.05 1.61 20.28 1.48 4.93% 0.00% 27-Nov-2019 1.27 1.95 24.53 1.79 4.08% 0.00%
30-Jun-2019 04-Sep-2019 30-Jun-2019 4 167,979 11,283 9,780 9,706 3,742 158,218 38.55% 5.82% 6.13% 233,878 71.82 71.82 4.15 4.15 1.60 1.60 0.6765 0.68   355.47%   160.88% 28-Jun-2019 0.885 1.23 21.33 1.31 4.69% 1.81% 04-Sep-2019 0.935 1.30 22.53 1.38 4.44% 1.71%
30-Jun-2019 23-May-2019 31-Mar-2019 3 94,684 2,841 2,049 2,131 - 151,763 - % 2.16% 1.40% 233,878 40.48 40.48 0.91 0.91 0.00 0.00 0.6489 0.65   -59.52%   140.51% 29-Mar-2019 0.83 2.05 91.09 1.28 1.10% 0.00% 23-May-2019 0.68 1.68 74.63 1.05 1.34% 0.00%
30-Jun-2019 21-Feb-2019 31-Dec-2018 2 96,255 5,326 5,215 5,264 - 149,611 - % 5.42% 3.52% 233,878 41.16 41.16 2.25 2.25 0.00 0.00 0.6397 0.64   -55.07%   245.98% 31-Dec-2018 0.405 0.98 17.99 0.63 5.56% 0.00% 21-Feb-2019 0.845 2.05 37.54 1.32 2.66% 0.00%
30-Jun-2019 29-Nov-2018 30-Sep-2018 1 84,087 11,643 11,529 11,716 - 145,168 - % 13.71% 8.07% 233,878 35.95 35.95 5.01 5.01 0.00 0.00 0.6207 0.62   173.49%   4,329.60% 28-Sep-2018 0.255 0.71 5.09 0.41 19.64% 0.00% 29-Nov-2018 0.295 0.82 5.89 0.48 16.98% 0.00%
30-Jun-2018 21-Aug-2018 30-Jun-2018 4 46,930 -15,877 -15,994 -15,943 - 133,731 - % -34.08% -11.92% 233,878 20.07 20.07 -6.82 -6.82 0.00 0.00 0.5718 0.57   -203.04%   -1,172.88% 29-Jun-2018 0.27 1.35 -3.96 0.47 -25.25% 0.00% 21-Aug-2018 0.275 1.37 -4.03 0.48 -24.79% 0.00%
30-Jun-2018 23-May-2018 31-Mar-2018 3 24,873 -5,113 -5,305 -5,261 - 149,681 - % -21.33% -3.51% 233,878 10.64 10.64 -2.25 -2.25 0.00 0.00 0.6400 0.64   -45.90%   -7.00% 30-Mar-2018 0.315 2.96 -14.00 0.49 -7.14% 0.00% 0.29 2.73 -12.89 0.45 -7.76% 0.00%
30-Jun-2018 23-Feb-2018 31-Dec-2017 2 40,253 -3,297 -3,639 -3,606 - 154,920 - % -9.04% -2.33% 233,878 17.21 17.21 -1.54 -1.54 0.00 0.00 0.6624 0.66   -1,201.81%   -39.39% 29-Dec-2017 0.355 2.06 -23.02 0.54 -4.34% 0.00% 23-Feb-2018 0.375 2.18 -24.32 0.57 -4.11% 0.00%
30-Jun-2018 27-Nov-2017 30-Sep-2017 1 24,734 -71 -183 -277 - 158,522 - % -0.74% -0.17% 233,878 10.58 10.58 -0.12 -0.12 0.00 0.00 0.6778 0.68   -118.64%   -116.84% 29-Sep-2017 0.55 5.20 -464.38 0.81 -0.22% 0.00% 27-Nov-2017 0.365 3.45 -308.18 0.54 -0.32% 0.00%
30-Jun-2017 24-Aug-2017 30-Jun-2017 4 28,359 960 1,584 1,486 - 158,686 - % 5.59% 0.94% 233,878 12.13 12.13 0.64 0.64 0.00 0.00 0.6785 0.68   130.22%   337.06% 30-Jun-2017 0.345 2.85 54.30 0.51 1.84% 0.00% 24-Aug-2017 0.295 2.43 46.43 0.43 2.15% 0.00%
30-Jun-2017 25-May-2017 31-Mar-2017 3 22,989 -4,054 -4,565 -4,917 - 157,212 - % -19.86% -3.13% 233,878 9.83 9.83 -2.10 -2.10 0.00 0.00 0.6722 0.67   -90.07%   -810.55% 31-Mar-2017 0.325 3.31 -15.46 0.48 -6.47% 0.00% 25-May-2017 0.315 3.20 -14.98 0.47 -6.67% 0.00%
30-Jun-2017 27-Feb-2017 31-Dec-2016 2 31,323 -2,309 -2,461 -2,587 - 162,124 - % -7.86% -1.60% 233,878 13.39 13.39 -1.11 -1.11 0.00 0.00 0.6932 0.69   -257.26%   -118.68% 30-Dec-2016 0.32 2.39 -28.93 0.46 -3.46% 0.00% 27-Feb-2017 0.35 2.61 -31.64 0.50 -3.16% 0.00%
30-Jun-2017 22-Nov-2016 30-Sep-2016 1 32,846 1,771 1,634 1,645 - 165,557 - % 4.97% 0.99% 233,878 13.98 13.98 0.70 0.70 0.00 0.00 0.7045 0.70   383.82%   -54.34% 30-Sep-2016 0.35 2.50 49.97 0.50 2.00% 0.00% 22-Nov-2016 0.31 2.22 44.26 0.44 2.26% 0.00%
30-Jun-2016 22-Aug-2016 30-Jun-2016 4 23,041 -1,055 340 340 - 158,031 - % 1.48% 0.22% 233,878 10.17 10.17 0.15 0.15 0.00 0.00 0.6972 0.70   -50.87%   101.56% 30-Jun-2016 0.395 3.89 261.79 0.57 0.38% 0.00% 22-Aug-2016 0.395 3.89 261.79 0.57 0.38% 0.00%
30-Jun-2016 23-May-2016 31-Mar-2016 3 21,974 1,086 692 692 - 162,755 - % 3.15% 0.43% 233,878 9.40 9.40 0.30 0.30 0.00 0.00 0.6959 0.70   158.50%   -79.78% 31-Mar-2016 0.485 5.16 163.92 0.70 0.61% 0.00% 23-May-2016 0.45 4.79 152.09 0.65 0.66% 0.00%
30-Jun-2016 22-Feb-2016 31-Dec-2015 2 41,242 -911 -1,184 -1,183 - 162,124 - % -2.87% -0.73% 233,878 17.63 17.63 -0.51 -0.51 0.00 0.00 0.6932 0.69   -132.83%   -125.53% 31-Dec-2015 0.745 4.22 -147.29 1.07 -0.68% 0.00% 22-Feb-2016 0.50 2.84 -98.85 0.72 -1.01% 0.00%
30-Jun-2016 26-Nov-2015 30-Sep-2015 1 37,270 7,168 3,603 3,603 - 163,223 - % 9.67% 2.21% 233,878 15.94 15.94 1.54 1.54 0.00 0.00 0.6979 0.70   116.58%   -34.83% 30-Sep-2015 0.82 5.15 53.23 1.17 1.88% 0.00% 26-Nov-2015 0.71 4.46 46.09 1.02 2.17% 0.00%
30-Jun-2015 25-Aug-2015 30-Jun-2015 4 14,844 -20,185 -21,730 -21,728 - 159,715 - % -146.39% -13.60% 233,878 6.35 6.35 -9.29 -9.29 0.00 0.00 0.6829 0.68   -734.95%   - % 30-Jun-2015 0.96 15.13 -10.33 1.41 -9.68% 0.00% 25-Aug-2015 0.80 12.60 -8.61 1.17 -11.61% 0.00%
30-Jun-2015 20-May-2015 31-Mar-2015 3 30,813 4,039 3,422 3,422 - 204,853 - % 11.11% 1.67% 233,878 13.17 13.17 1.46 1.46 0.00 0.00 0.8759 0.88   -26.15%   - % 31-Mar-2015 0.95 7.21 64.93 1.08 1.54% 0.00% 20-May-2015 1.01 7.67 69.03 1.15 1.45% 0.00%
30-Jun-2015 16-Feb-2015 31-Dec-2014 2 52,976 5,926 4,634 4,634 2,338 217,717 50.47% 8.75% 2.13% 233,878 22.65 22.65 2.17 2.17 1.00 1.00 0.9309 0.93   -16.19%   - % 31-Dec-2014 0.925 4.08 46.68 0.99 2.14% 1.08% 16-Feb-2015 0.99 4.37 49.97 1.06 2.00% 1.01%
30-Jun-2015 20-Nov-2014 30-Sep-2014 1 65,528 7,429 5,529 5,529 - 112,946 - % 8.44% 4.90% 173,177 37.84 28.02 3.19 2.36 0.00 0.00 0.6522 0.48   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 20-Nov-2014 1.15 3.04 36.02 1.76 2.78% 0.00%
30-Jun-2014 30-Jun-2014 4 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2014 31-Mar-2014 3 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2014 31-Dec-2013 2 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%
30-Jun-2014 30-Sep-2013 1 - - - - - - - % - % - % - - - - - - - - -   - %   - % 0.00 0.00 0.00 0.00 0.00% 0.00% 0.00 0.00 0.00 0.00 0.00% 0.00%

PBT = Profit before Tax, NP = Net Profit, NP to SH = Net Profit Attributable to Shareholder, Div = Dividend, NP Margin = Net Profit Margin, ROE = Return on Equity, NOSH = Number of Shares, RPS = Revenue per Share, EPS = Earning Per Share, DPS = Dividend Per Share, NAPS = Net Asset Per Share, EOQ = End of Quarter, ANN = Announcement, P/RPS = Price/Revenue per Share, P/EPS = Price/Earning per Share, P/NAPS = Price/Net Asset per Share, EY = Earning Yield, DY = Dividend Yield.


NOSH is estimated based on the NP to SH and EPS. Div is an estimated figure based on the DPS and NOSH. Net Worth is an estimated figure based on the NAPS and NOSH.

Div Payout %, NP Margin, ROE, DY, QoQ Δ & YoY Δ figures in Percentage; RPS, EPS & DPS's figures in Cent; and NAPS's figures in Dollar.

All figures in '000 unless specified.


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  7 people like this.
 
tkl88 Walaoeh, oil price spike up like mad !
Today O & G counters will be spike up to sky high already !

Huat ah ! Heng ah ! Ong ah !
18/09/2020 7:51 AM
swimvshark Monday will keep go up
18/09/2020 9:30 PM
steve8lily Friday only rose 1sen....
19/09/2020 12:25 AM
swimvshark Rise is better then drop. Be positive
19/09/2020 2:48 PM
NPRA1985 in this the best oil counter to enter?
20/09/2020 2:47 AM
napnap Tomorrow start moving...
20/09/2020 11:49 PM
swimvshark You r correct, start moving,but moving down.
21/09/2020 2:13 PM
sharewiz118 going down sinking like shit
24/09/2020 9:17 PM
c2k9791 Is true, Lao Sai....
25/09/2020 6:56 PM
harry_7 throw first before too late
25/09/2020 10:18 PM
tkl88 Good news, perikatan nasional has won the Sabah election by 38 seats out of 73 seats !
So that our politic will be stable for another 3 years till 2023 election !
It’s good for our economy, like that next week KLSE will be spike up like mad already !
27/09/2020 11:39 AM
tkl88 Wow, Dow Jones spike up to sky high !
As at 11.53pm,
Dow Jones at=> 27,665.15 (+491.19) (+1.81 percent) !
29/09/2020 12:07 AM
alan26334 wow, new low, hope could drop further and collect again. This is cash rich company and just buy and keep
03/10/2020 9:00 PM
tkl88 Budget 2021 expected to be expansionary Monday, 21 Sep 2020
By DALJIT DHESI
https://www.thestar.com.my/business/business-news/2020/09/21/budget-20...

PETALING JAYA: Budget 2021, which will be tabled in November, will be expansionary though narrower than Budget 2020, with economists projecting a budget deficit of 4% to 6% next year.

The government, they said, would need to revitalise the economy with appropriate measures due to the uncertainties arising from the Covid-19 and the weak global economy, which has caused many nations to fall into recession.

The World Bank expects Malaysia’s fiscal deficit to gross domestic product (GDP) to widen to 7% this year, underpinned by increased expenditure and downward pressure on revenue. The government, however, expects the fiscal deficit to be at 5.8% to 6% this year.

Economists expect the government to look into some core areas to ensure Malaysia is on the right track to achieve economic sustainability post-pandemic.

Socio-Economic Research Centre executive director Lee Heng Guie told StarBiz that the federal government is torn between managing a tight fiscal space and keeping the country’s sovereign rating intact.

"In our view, the government should go for another year of fiscal deficit targeted at public spending and programmes as well as the provision of tax incentives and allowances to boost private investment, creating jobs and income.
05/10/2020 12:37 PM
tkl88 Yes, pre-budget 2021 bull market is coming !
Budget 2021 will be unveiled on Nov 6 !
So, now onwards O & G theme will be super bullish !

Huat ah ! Heng ah ! Ong ah !
05/10/2020 12:40 PM
tkl88 ‪Walaoeh ! ‬

Dow Jones continue it’s bull run by‬
‪spike up 400 over points !‬

Dow Jones closed at=> 28,148.64 (+465.83) (+1.68 percent) !
06/10/2020 8:24 AM
tkl88 Wow, oil price spike up to sky high !
As at 10.15pm,
Nymex=> $40.70 ‪(+1.48) (+3.77 percent) !‬
Brent=> $42.68 ‪(+1.39) (+3.37 percent) !
06/10/2020 10:48 PM
winlast carimin tomorrow surging
08/10/2020 12:10 AM
winlast time for rebound go carimin
08/10/2020 9:00 AM
winlast dropping deeply to bottom time to rebound
08/10/2020 3:21 PM
sharewiz118 super heavy very hard to wake up
09/10/2020 9:36 PM
Flymetothemoon Is it safe to enter at this price.
11/10/2020 10:47 PM
Roger Slow and uninspiring downward spiral. What would it take for Carimin to spike again like it did on 11 August?
12/10/2020 10:13 AM
c2k9791 Why so quiet here...
23/10/2020 8:08 PM
napnap Dead man walking everywhere..
31/10/2020 2:46 AM
tkl88 Wow, oil price continue to spike up !
As at 5.42pm,
Nymex at => $38.16 (+1.35) (+3.67 %)
Brent at => $40.20 (+1.23) (+3.16 %)

Huat ah ! Heng ah ! Ong ah !
03/11/2020 6:02 PM
NPRA1985 Everyone please enter before it’s too late ! Don’t miss the boat ! After this no more cheap discounts !! It will fly soon !!
04/11/2020 1:49 AM
tkl88 Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06 percent) !
World stocks super bull market is coming !
04/11/2020 7:25 AM
NPRA1985 Huat!
04/11/2020 9:34 AM
tkl88 Latest US election update !
As at 12.25pm,
Joe Biden already have 209 votes leading Donald Trump's 118 votes by 91 votes,
Joe Biden just need only another 61 votes then will won the US election !

Huat ah ! Heng ah ! Ong ah !
04/11/2020 12:37 PM
tkl88 Superb good news !

Biden Wins Presidency, Ending Four Tumultuous Years Under Trump
https://www.google.com.my/amp/s/www.nytimes.com/2020/11/07/us/politics/biden-election.amp.html

By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET
08/11/2020 2:23 AM
tkl88 By Jonathan Martin and Alexander Burns
* Nov. 7, 2020
Updated 12:48 p.m. ET

Joseph R. Biden Jr. achieved victory offering a message of healing and unity. He will return to Washington facing a daunting set of crises.

Joseph Robinette Biden Jr. was elected the 46th president of the United States on Saturday, promising to restore political normalcy and a spirit of national unity to confront raging health and economic crises, and making Donald J. Trump a one-term president after four years of tumult in the White House.
Mr. Biden’s victory amounted to a repudiation of Mr. Trump by millions of voters exhausted with his divisive conduct and chaotic administration, and was delivered by an unlikely alliance of women, people of color, old and young voters and a sliver of disaffected Republicans. Mr. Trump is only the third elected president since World War II to lose re-election, and the first in more than a quarter-century.
The result also provided a history-making moment for Mr. Biden’s running mate, Senator Kamala Harris of California, who will become the first woman to serve as vice president.
With his triumph, Mr. Biden, who turns 78 later this month, fulfilled his decades-long ambition in his third bid for the White House, becoming the oldest person elected president. A pillar of Washington who was first elected amid the Watergate scandal, and who prefers political consensus over combat, Mr. Biden will lead a nation and a Democratic Party that have become far more ideological since his arrival in the capital in 1973.
08/11/2020 2:24 AM
izoklse bad news for oil market. Possible Brent will be push down further. Get ready guys.
08/11/2020 2:25 AM
alan26334 Biden win is good for O&G as he prefer green energy and US shale operator will be cut their incentive and cost will increase. This mean market supply will reduce and oil price will spike soon. I still remember oil price huge down few years back was due to increase in US shale operators and supply.
08/11/2020 8:29 AM
tkl88 Biden victory !
Like that next Monday onwards world stock markets including our KLSE will spike up like mad already !

Huat ah ! Heng ah ! Ong ah !
08/11/2020 8:48 AM
tkl88 President Biden is favours to world trade !
World economy will start booming from today onwards !
And asian stock markets including KLSE will be in bull market from today onwards !
As at 2.10pm,
Hang Seng : 26,095.46 (+382.49) (+1.49 %)
Shanghai composite: 3,380.38 (+68.23) (+2.06 %)
Nikkei : 24,912.31 (+587.08) (+1.41 %)
Taiwan Weighted : 13,127.47 (+153.94) (+1.19 %)
Korea Kopsi : 2,449.96 (+33.46) (+1.38 %)
Singapore STI : 2,611.34 (+32.66) (+1.27 %)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 2:43 PM
tkl88 Wow, oil price spike up like mad !
As at 9.50pm,
Nymex at => $40.67 (+3.53) (+9.50 percent)
Brent at => $42.77 (+3.32) (+8.42 percent)

Huat ah ! Heng ah ! Ong ah !
09/11/2020 9:58 PM
tkl88 Oil Jumps by Most Since June on Covid Vaccine Progress
Alex Longley and Matthew Martin
Mon, November 9, 2020, 9:54 PM GMT+8·2 min
https://finance.yahoo.com/news/oil-climbs-biden-win-spurring-105416567.html

(Bloomberg) -- Oil in London jumped by the most since June as Pfizer Inc. reported a potential Covid-19 vaccine breakthrough.

Crude futures spiked following news the vaccine, being developed by Pfizer and BioNTech SE, prevented more than 90% of infections in a study of tens of thousands of volunteers.

Markets globally surged. WTI climbed more than 10% in New York, while global equities soared. It led to broader strength in the oil futures curve, with timespreads also moving sharply higher.

A vaccine “would be the most meaningful type of mitigator to the situation,” Saudi Energy Minister Prince Abdulaziz Bin Salman said prior to the Pfizer announcement at a conference on Monday. “We’re still hopeful that vaccine is found and that vaccine or vaccines spread and hopefully mobility would be regained.”

Since Covid first emerged, oil markets have been steadily recovering from the biggest crash in consumption in a generation. Transport use in Asia has rebounded strongly, but the renewed resurgence of the virus in Europe has continued to weigh on demand in the region. The emergence of a vaccine would not only help regions suffering form renewed lockdowns, but could also help spur the return of aviation demand -- the hardest hit corner of the market.

The relief in the market was seen in the profits from turning crude into transport fuels. Gasoline cracks in the U.S. reached their highest since mid-October, while those in Europe also gained. Jet fuel was also gaining relative to the value of other transport fuels in Europe, Bloomberg fair value data show.

Prices had earlier rallied as Joe Biden declared victory in the U.S. presidential election and began preparations to navigate America’s pandemic-hit economy out of crisis, with potential shifts coming on a range of policies from fiscal stimulus to Iranian sanctions. At the same time, Saudi Arabia said that OPEC+ could extend oil cuts through 2022 as the group seeks to re-balance the glutted market.
09/11/2020 11:30 PM
tkl88 Walaoeh, Dow Jones spike up to sky high !
As at 12.05am,
Dow Jones at=> 29,425.57 (+1,102.17) (+3.89 %) !

Huat ah ! Heng ah ! Ong ah !
10/11/2020 12:22 AM
tkl88 Oil price continue to spike up like mad !
As at 7.02pm,
Nymex=> $42.89 (+1.53) (+3.70 percent)
Brent => $45.16 ‪(+1.55) (+3.55 percent)‬
‪Huat ah ! Heng ah ! Ong ah !‬
11/11/2020 7:31 PM
Steady Punpipi Careful of media downplay oil stocks when vaccine news keeps coming out ...airlines , airports and transportations....eg public or postal , food deliveries uses the most crude oil inventories and i can say that its gonna gets better from now on ....buy now or chase higher later ...its your choice !!!
14/11/2020 9:48 AM
tkl88 Dow Jones continue to spike up like mad !
Dow Jones closed at=>29,950.44 (+470.63) (+1.60 %)

Huat ah ! Heng ah ! Ong ah !
17/11/2020 7:48 AM
Diamond7 Carimin?
Can arhhhh?
Any news coming up?
17/11/2020 2:15 PM
tkl88 Malaysia in deal with China for Covid-19 vaccine development
PUBLISHED : 18 NOV 2020 AT 19:40
WRITER: REUTERS

https://www.bangkokpost.com/world/2021843/malaysia-in-deal-with-china-for-covid-19-vaccine-development
20/11/2020 7:52 AM
tkl88 KUALA LUMPUR: Malaysia said on Wednesday it has signed an agreement with China to cooperate on the development of a safe and efficacious vaccine, as part of efforts to combat the Covid-19 pandemic.

Under the agreement, in force for an initial period of five years, the Southeast Asian nation will be given priority access to Covid-19 vaccines developed by China. Both will share knowledge and expertise and facilitate scientific and technological capabilities to advance vaccine development in their countries, Malaysia said in a joint ministerial statement.
Science, Technology and Innovation Minister Khairy Jamaluddin signed the agreement with his Chinese counterpart Wang Zhigang in a virtual ceremony.

Cooperation between Malaysia and China under the agreement would be supervised by a committee chaired by the foreign affairs ministers of both countries that was formed in October to address post-pandemic challenges.

"Both countries will also support the participation of their public and private sectors including universities, institutions, societies and organisations in joint collaborative projects," the Malaysian ministries said.
20/11/2020 7:52 AM
tkl88 Khairy: Malaysia to pay RM94mil upfront for vaccine under Covax plan

* NATION
* Thursday, 19 Nov 2020 
10:53 AM MYT By MARTIN CARVALHO, RAHIMY RAHIM and TARRENCE TAN

https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan
20/11/2020 8:34 AM
steve8lily Hi, May i know why carimin QR report is always release earlier than actual quarter start or finish, it seem like same Uzma? thx for anwer 1st
21/11/2020 5:57 AM
winghuat carimin all the way to rm 1 in 11 days
24/11/2020 12:56 AM
tkl88 Wow, oil price continue it’s bull run !
As at 12.30am,
Nymex=> $42.85 ‪(+0.43) (+1.01 %)‬
Brent => $45.80 ‪(+0.73) (+1.62 %)‬

‪Huat ah ! Heng ah ! Ong ah !‬
24/11/2020 2:23 AM
Diamond7 Today
Will start rallying up
Early morning quickly catch at 0.61
24/11/2020 6:21 AM