Highlights
KLSE: SCOMIES (7045)       SCOMI ENERGY SERVICES BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.08   -0.005 (5.88%)  0.075 - 0.08  8,200
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Financials


Market Cap: 37 Million

Market Cap 37 Million
NOSH 468 Million

Latest Audited Result:  30-Jun-2020

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

Latest Quarter:  30-Sep-2020 [#1]

Latest Quarter: 30-Sep-2020 [#1]
Announcement Date 26-Nov-2020
Next Quarter: 31-Dec-2020
Est. Ann. Date: 28-Feb-2021
Est. Ann. Due Date: 01-Mar-2021
QoQ | YoY   90.26%  |    -583.20%

Annual (Unaudited) ( EPS: -39.35, P/E: -0.20 )

Revenue | NP to SH 416,901  |  -184,286
RPS | P/RPS 89.01 Cent  |  0.09
EPS | P/E | EY -39.35 Cent  |  -0.20  |  -491.84%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.42  |  0.19
YoY   -98.06%
NP Margin | ROE -44.52%  |  -93.72%
F.Y. | Ann. Date 30-Jun-2020  |  28-Aug-2020

T4Q Result ( EPS: -43.76, P/E: -0.18 )

Revenue | NP to SH 385,182  |  -204,937
RPS | P/RPS 82.24 Cent  |  0.10
EPS | P/E | EY -43.76 Cent  |  -0.18  |  -546.96%
DPS | DY | Payout % 0.00 Cent  |  0.00%  |  - %
NAPS | P/NAPS 0.44  |  0.18
QoQ | YoY   -11.21%  |    -122.08%
NP Margin | ROE -53.15%  |  -99.45%
F.Y. | Ann. Date 30-Sep-2020  |  26-Nov-2020

Annualized Result ( EPS: -14.61, P/E: -0.55 )

Revenue | NP to SH 304,672  |  -68,440
RPS | P/RPS 65.05 Cent  |  0.12
EPS | P/E | EY -14.61 Cent  |  -0.55  |  -182.66%
DPS | DY | Payout % -
NAPS | P/NAPS -
QoQ | YoY   62.86%  |    -583.20%
NP Margin | ROE -20.89%  |  -33.21%
F.Y. | Ann. Date 30-Sep-2020  |  26-Nov-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-2021 26-Nov-2020 30-Sep-2020 1 76,168 -14,725 -15,911 -17,110 - 206,062 - % -20.89% -8.30% 468,324 16.26 16.26 -3.65 -3.65 0.00 0.00 0.4400 0.44   90.26%   -583.20% 30-Sep-2020 0.095 0.58 -2.60 0.22 -38.46% 0.00% 26-Nov-2020 0.09 0.55 -2.46 0.20 -40.59% 0.00%
30-Jun-2020 28-Aug-2020 30-Jun-2020 4 74,359 -170,338 -176,750 -175,633 - 196,644 - % -237.70% -89.32% 468,201 15.88 15.88 -37.51 -37.50 0.00 0.00 0.4200 0.42   -19,900.79%   -190.90% 30-Jun-2020 0.115 0.72 -0.31 0.27 -326.19% 0.00% 28-Aug-2020 0.12 0.76 -0.32 0.29 -312.60% 0.00%
30-Jun-2020 16-Jun-2020 31-Mar-2020 3 110,520 678 -2,018 887 - 360,633 - % -1.83% 0.25% 468,355 23.60 23.60 0.19 0.19 0.00 0.00 0.7700 0.77   106.78%   102.43% 31-Mar-2020 0.04 0.17 21.12 0.05 4.73% 0.00% 16-Jun-2020 0.12 0.51 63.36 0.16 1.58% 0.00%
30-Jun-2020 28-Feb-2020 31-Dec-2019 2 124,135 -9,057 -10,031 -13,081 - 398,075 - % -8.08% -3.29% 2,341,621 5.30 26.50 0.56 -2.79 0.00 0.00 0.1700 0.85   -469.42%   -1,426.67% 31-Dec-2019 0.07 1.32 -12.53 0.41 -7.98% 0.00% 28-Feb-2020 0.21 3.96 -37.59 1.24 -2.66% 0.00%
30-Jun-2020 25-Nov-2019 30-Sep-2019 1 107,887 6,229 3,190 3,541 - 398,075 - % 2.96% 0.89% 2,341,621 4.61 23.04 0.15 0.76 0.00 0.00 0.1700 0.85   105.86%   150.42% 30-Sep-2019 0.105 2.28 69.44 0.62 1.44% 0.00% 25-Nov-2019 0.075 1.63 49.60 0.44 2.02% 0.00%
30-Jun-2019 30-Aug-2019 30-Jun-2019 4 119,908 -56,993 -61,847 -60,376 - 374,659 - % -51.58% -16.11% 2,341,621 5.12 25.60 -2.58 -12.89 0.00 0.00 0.1600 0.80   -65.72%   -11,985.04% 28-Jun-2019 0.10 1.95 -3.88 0.63 -25.78% 0.00% 30-Aug-2019 0.08 1.56 -3.10 0.50 -32.23% 0.00%
30-Jun-2019 31-May-2019 31-Mar-2019 3 132,072 -39,643 -42,832 -36,433 - 468,324 - % -32.43% -7.78% 2,341,621 5.64 28.20 -1.56 -7.78 0.00 0.00 0.2000 1.00   -3,795.03%   75.25% 29-Mar-2019 0.085 1.51 -5.46 0.43 -18.30% 0.00% 31-May-2019 0.08 1.42 -5.14 0.40 -19.45% 0.00%
31-Mar-2019 25-Feb-2019 31-Dec-2018 2 134,181 6,291 2,883 986 - 491,740 - % 2.15% 0.20% 2,341,621 5.73 28.65 0.04 0.21 0.00 0.00 0.2100 1.05   -30.27%   104.39% 31-Dec-2018 0.04 0.70 94.99 0.19 1.05% 0.00% 25-Feb-2019 0.055 0.96 130.62 0.26 0.77% 0.00%
31-Mar-2019 30-Nov-2018 30-Sep-2018 1 134,269 6,334 1,038 1,414 - 538,572 - % 0.77% 0.26% 2,341,621 5.73 28.67 0.06 0.30 0.00 0.00 0.2300 1.15   178.35%   106.69% 28-Sep-2018 0.075 1.31 124.20 0.33 0.81% 0.00% 30-Nov-2018 0.04 0.70 66.24 0.17 1.51% 0.00%
31-Mar-2019 24-Aug-2018 30-Jun-2018 124,891 2,902 312 508 - 515,156 - % 0.25% 0.10% 2,341,621 5.33 26.67 0.02 0.11 0.00 0.00 0.2200 1.10   100.35%   102.96% 29-Jun-2018 0.08 1.50 368.76 0.36 0.27% 0.00% 24-Aug-2018 0.065 1.22 299.62 0.30 0.33% 0.00%
31-Mar-2018 31-May-2018 31-Mar-2018 199,915 -150,796 -158,281 -147,225 - 491,740 - % -79.17% -29.94% 2,341,621 8.54 42.68 -6.29 -31.43 0.00 0.00 0.2100 1.05   -556.17%   -92.54% 30-Mar-2018 0.105 1.23 -1.67 0.50 -59.88% 0.00% 31-May-2018 0.08 0.94 -1.27 0.38 -78.59% 0.00%
31-Mar-2018 28-Feb-2018 31-Dec-2017 3 172,397 -15,126 -20,140 -22,437 - 608,821 - % -11.68% -3.69% 2,341,621 7.36 36.81 -0.96 -4.79 0.00 0.00 0.2600 1.30   -6.23%   -184.70% 29-Dec-2017 0.12 1.63 -12.52 0.46 -7.98% 0.00% 28-Feb-2018 0.12 1.63 -12.52 0.46 -7.98% 0.00%
31-Mar-2018 30-Nov-2017 30-Sep-2017 2 152,962 -16,278 -19,869 -21,122 - 655,653 - % -12.99% -3.22% 2,341,621 6.53 32.66 -0.90 -4.51 0.00 0.00 0.2800 1.40   -23.15%   12.21% 29-Sep-2017 0.165 2.53 -18.29 0.59 -5.47% 0.00% 30-Nov-2017 0.13 1.99 -14.41 0.46 -6.94% 0.00%
31-Mar-2018 30-Aug-2017 30-Jun-2017 1 168,489 -16,725 -18,985 -17,151 - 702,486 - % -11.27% -2.44% 2,341,621 7.20 35.97 -0.73 -3.66 0.00 0.00 0.3000 1.50   77.57%   4.73% 30-Jun-2017 0.135 1.88 -18.43 0.45 -5.43% 0.00% 30-Aug-2017 0.10 1.39 -13.65 0.33 -7.32% 0.00%
31-Mar-2017 31-May-2017 31-Mar-2017 4 144,435 -78,865 -81,766 -76,463 - 749,318 - % -56.61% -10.20% 2,341,621 6.17 30.84 -3.27 -16.33 0.00 0.00 0.3200 1.60   -870.22%   -105.21% 31-Mar-2017 0.22 3.57 -6.74 0.69 -14.84% 0.00% 31-May-2017 0.18 2.92 -5.51 0.56 -18.14% 0.00%
31-Mar-2017 24-Feb-2017 31-Dec-2016 3 169,508 -5,553 -6,938 -7,881 - 819,569 - % -4.09% -0.96% 2,341,626 7.24 36.19 -0.34 -1.68 0.00 0.00 0.3500 1.75   67.24%   -179.06% 30-Dec-2016 0.16 2.21 -47.54 0.46 -2.10% 0.00% 24-Feb-2017 0.225 3.11 -66.85 0.64 -1.50% 0.00%
31-Mar-2017 28-Nov-2016 30-Sep-2016 2 145,478 -24,369 -25,260 -24,060 - 796,151 - % -17.36% -3.02% 2,341,621 6.21 31.06 -1.03 -5.14 0.00 0.00 0.3400 1.70   -33.65%   -292.19% 30-Sep-2016 0.185 2.98 -18.00 0.54 -5.55% 0.00% 28-Nov-2016 0.15 2.41 -14.60 0.44 -6.85% 0.00%
31-Mar-2017 11-Aug-2016 30-Jun-2016 1 204,591 -17,850 -21,801 -18,002 - 819,567 - % -10.66% -2.20% 2,341,621 8.74 43.68 -0.77 -3.84 0.00 0.00 0.3500 1.75   51.69%   -249.54% 30-Jun-2016 0.205 2.35 -26.67 0.59 -3.75% 0.00% 11-Aug-2016 0.20 2.29 -26.02 0.57 -3.84% 0.00%
31-Mar-2016 31-May-2016 31-Mar-2016 4 256,057 -35,904 -42,380 -37,261 - 818,387 - % -16.55% -4.55% 2,338,249 10.95 54.67 -1.59 -7.96 0.00 0.00 0.3500 1.75   -473.77%   -837.55% 31-Mar-2016 0.21 1.92 -13.18 0.60 -7.59% 0.00% 31-May-2016 0.21 1.92 -13.18 0.60 -7.59% 0.00%
31-Mar-2016 25-Feb-2016 31-Dec-2015 3 324,475 13,031 9,516 9,969 - 913,232 - % 2.93% 1.09% 2,341,621 13.86 69.28 0.43 2.13 0.00 0.00 0.3900 1.95   -20.37%   -48.74% 31-Dec-2015 0.245 1.77 57.55 0.63 1.74% 0.00% 25-Feb-2016 0.215 1.55 50.50 0.55 1.98% 0.00%
31-Mar-2016 27-Nov-2015 30-Sep-2015 2 294,449 17,291 9,283 12,519 - 889,815 - % 3.15% 1.41% 2,341,621 12.57 62.87 0.53 2.67 0.00 0.00 0.3800 1.90   4.00%   -32.35% 30-Sep-2015 0.265 2.11 49.57 0.70 2.02% 0.00% 27-Nov-2015 0.275 2.19 51.44 0.72 1.94% 0.00%
31-Mar-2016 25-Aug-2015 30-Jun-2015 1 333,803 17,577 11,662 12,038 - 819,567 - % 3.49% 1.47% 2,341,621 14.26 71.27 0.51 2.57 0.00 0.00 0.3500 1.75   138.28%   -49.14% 30-Jun-2015 0.36 2.53 70.03 1.03 1.43% 0.00% 25-Aug-2015 0.24 1.68 46.68 0.69 2.14% 0.00%
31-Mar-2015 21-May-2015 31-Mar-2015 4 385,668 22,115 4,646 5,052 - 774,399 - % 1.20% 0.65% 2,346,666 16.43 82.35 0.22 1.08 0.00 0.00 0.3300 1.65   -74.02%   -55.79% 31-Mar-2015 0.52 3.16 241.54 1.58 0.41% 0.00% 21-May-2015 0.405 2.46 188.12 1.23 0.53% 0.00%
31-Mar-2015 24-Feb-2015 31-Dec-2014 3 419,489 27,153 19,388 19,447 - 772,734 - % 4.62% 2.52% 2,341,621 17.91 89.57 0.83 4.15 0.00 0.00 0.3300 1.65   5.09%   -9.23% 31-Dec-2014 0.58 3.24 69.84 1.76 1.43% 0.00% 24-Feb-2015 0.61 3.41 73.45 1.85 1.36% 0.00%
31-Mar-2015 20-Nov-2014 30-Sep-2014 2 389,354 27,358 18,526 18,505 - 725,902 - % 4.76% 2.55% 2,341,621 16.63 83.13 0.79 3.95 0.00 0.00 0.3100 1.55   -21.81%   -26.18% 30-Sep-2014 0.85 5.11 107.56 2.74 0.93% 0.00% 20-Nov-2014 0.70 4.21 88.58 2.26 1.13% 0.00%
31-Mar-2015 21-Aug-2014 30-Jun-2014 1 365,728 30,772 22,251 23,668 - 679,070 - % 6.08% 3.49% 2,341,621 15.62 78.09 1.01 5.05 0.00 0.00 0.2900 1.45   107.11%   0.62% 30-Jun-2014 0.975 6.24 96.46 3.36 1.04% 0.00% 21-Aug-2014 0.945 6.05 93.49 3.26 1.07% 0.00%
31-Mar-2014 30-May-2014 31-Mar-2014 4 372,978 27,067 10,794 11,428 - 702,486 - % 2.89% 1.63% 2,341,621 15.93 79.64 0.49 2.44 0.00 0.00 0.3000 1.50   -46.66%   -43.32% 31-Mar-2014 1.01 6.34 206.95 3.37 0.48% 0.00% 30-May-2014 1.05 6.59 215.15 3.50 0.46% 0.00%
31-Mar-2014 19-Feb-2014 31-Dec-2013 3 391,751 31,399 22,720 21,425 - 679,070 - % 5.80% 3.16% 2,341,621 16.73 83.64 0.91 4.57 0.00 0.00 0.2900 1.45   -14.54%   384.51% 31-Dec-2013 0.795 4.75 86.89 2.74 1.15% 0.00% 19-Feb-2014 1.07 6.40 116.94 3.69 0.86% 0.00%
31-Mar-2014 18-Nov-2013 30-Sep-2013 2 330,368 31,033 23,516 25,069 - 632,582 - % 7.12% 3.96% 2,342,897 14.10 70.54 1.07 5.35 0.00 0.00 0.2700 1.35   6.57%   3,980.65% 30-Sep-2013 0.68 4.82 63.55 2.52 1.57% 0.00% 18-Nov-2013 0.705 5.00 65.89 2.61 1.52% 0.00%
31-Mar-2014 23-Aug-2013 30-Jun-2013 1 320,870 33,951 24,870 23,523 - 608,821 - % 7.75% 3.86% 2,341,621 13.70 68.51 1.00 5.02 0.00 0.00 0.2600 1.30   16.68%   163.21% 28-Jun-2013 0.70 5.11 69.68 2.69 1.44% 0.00% 23-Aug-2013 0.735 5.36 73.17 2.83 1.37% 0.00%
31-Mar-2013 31-May-2013 31-Mar-2013 4 283,243 30,570 16,323 20,161 - 609,518 - % 5.76% 3.31% 2,344,302 12.08 60.48 0.86 4.30 0.00 0.00 0.2600 1.30   355.92%   23.23% 29-Mar-2013 0.40 3.31 46.51 1.54 2.15% 0.00% 31-May-2013 0.605 5.01 70.35 2.33 1.42% 0.00%
31-Mar-2013 28-Feb-2013 31-Dec-2012 3 56,554 6,400 5,341 4,422 - 383,239 - % 9.44% 1.15% 736,999 7.67 12.08 0.60 0.94 0.00 0.00 0.5200 0.82   784.52%   103.34% 31-Dec-2012 0.35 0.00 0.00 0.00 0.00% 0.00% 28-Feb-2013 0.38 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 30-Nov-2012 30-Sep-2012 2 49,531 2,275 761 -646 - 373,244 - % 1.54% -0.17% 717,777 6.90 10.58 -0.09 -0.14 0.00 0.00 0.5200 0.80   -107.23%   -108.27% 28-Sep-2012 0.34 0.00 0.00 0.00 0.00% 0.00% 30-Nov-2012 0.38 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 30-Aug-2012 30-Jun-2012 1 97,826 12,250 10,479 8,937 - 534,754 - % 10.71% 1.67% 732,540 13.35 20.89 1.22 1.91 0.00 0.00 0.7300 1.14   -45.37%   69.49% 29-Jun-2012 0.50 0.00 0.00 0.00 0.00% 0.00% 30-Aug-2012 0.34 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2012 21-May-2012 31-Mar-2012 90,811 18,322 17,027 16,360 - 528,215 - % 18.75% 3.10% 733,632 12.38 19.39 2.23 3.49 0.00 0.00 0.7200 1.13   112.35%   178.18% 30-Mar-2012 0.36 0.00 0.00 0.00 0.00% 0.00% 21-May-2012 0.41 0.00 0.00 0.00 0.00% 0.00%
31-Dec-2011 29-Feb-2012 31-Dec-2011 108,200 -132,602 -134,448 -132,495 - 520,449 - % -124.26% -25.46% 733,027 14.76 23.10 -18.08 -28.29 0.00 0.00 0.7100 1.11   -1,797.13%   -4,029.27% 30-Dec-2011 0.38 2.57 -2.10 0.54 -47.57% 0.00% 29-Feb-2012 0.44 2.98 -2.43 0.62 -41.08% 0.00%
31-Dec-2011 24-Nov-2011 30-Sep-2011 3 87,961 8,758 7,574 7,807 - 663,959 - % 8.61% 1.18% 729,626 12.06 18.78 1.07 1.67 0.00 0.00 0.9100 1.42   48.06%   102.74% 30-Sep-2011 0.30 2.49 28.04 0.33 3.57% 0.00% 24-Nov-2011 0.35 2.90 32.71 0.38 3.06% 0.00%
31-Dec-2011 23-Aug-2011 30-Jun-2011 2 89,892 6,259 4,734 5,273 - 629,830 - % 5.27% 0.84% 732,361 12.27 19.19 0.72 1.13 0.00 0.00 0.8600 1.34   -10.34%   -90.48% 30-Jun-2011 0.43 3.50 59.72 0.50 1.67% 0.00% 23-Aug-2011 0.33 2.69 45.83 0.38 2.18% 0.00%
31-Dec-2011 26-May-2011 31-Mar-2011 1 104,769 7,514 5,951 5,881 - 624,856 - % 5.68% 0.94% 735,124 14.25 22.37 0.80 1.26 0.00 0.00 0.8500 1.33   74.41%   -73.13% 31-Mar-2011 0.56 3.93 70.00 0.66 1.43% 0.00% 26-May-2011 0.54 3.79 67.50 0.64 1.48% 0.00%
31-Dec-2010 25-Feb-2011 31-Dec-2010 4 91,089 3,219 2,077 3,372 - 630,417 - % 2.28% 0.53% 733,043 12.43 19.45 0.46 0.72 0.00 0.00 0.8600 1.35   101.18%   102.57% 30-Dec-2010 0.57 4.59 123.91 0.66 0.81% 0.00% 25-Feb-2011 0.54 4.35 117.39 0.63 0.85% 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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  19 people like this.
 
tkl88 As at 6.45pm,
Nymex at => $43.11 (+0.50) (+1.17 percent) !
Brent at => $45.86 (+0.58) (+1.28 percent) !
01/09/2020 6:48 PM
tkl88 As at 10.45pm,
Nymex at => $43.37 (+0.76) (+1.78 percent)
Brent at => $46.17 (+0.89) (+1.97 percent)
01/09/2020 10:55 PM
tkl88 Wow, Amazing !‬
‪Dow Jones closed at=>‬
28,645.66 (+215.61) (+0.76 %) !
02/09/2020 8:00 AM
tkl88 Dow Jones continue it's bull run !
As at 4.57pm,
28,824.5 (+202.5) (+0.71 %) !
02/09/2020 5:02 PM
tkl88 Yes, oil price almost turn green...
09/09/2020 1:20 PM
tkl88 Wow, Amazing !
Oil price already turn green and spike up like mad !

As at 4.15pm,
Nymex at => $37.52 (+0.76) (+2.07 percent) !
Brent at => $46.17 (+0.62) (+1.56 percent) !
09/09/2020 4:20 PM
tkl88 Walaoeh, Dow Jones super bull run !‬

‪Dow Jones closed at=>‬ 27,940.47 (+439.58) (+1.60 %) !
10/09/2020 7:10 AM
BlackDevil99 Any chance this counter might rebound?
16/09/2020 9:25 PM
tkl88 Oil rises 2%, reverses loses as OPEC+ addresses market weakness
Jessica Resnick-Ault
THU SEP 17, 2020 / 3:13 PM EDT

https://www.google.com.my/amp/s/mobile.reuters.com/article/amp/idUSKBN26804N

Nymex=>at $40.97 (+$0.81) (+2.02%) !
Brent=> at $43.30 (+$1.08) (+2.56%) !
18/09/2020 7:37 AM
tkl88 NEW YORK (Reuters) - Oil prices rose more than 2% on Thursday, turning positive as OPEC and its allies said the producer group would crack down on countries that failed to comply with output cuts and planned to hold an extraordinary meeting in October if oil markets weaken further.
After falling early in the session amid bearish jobs numbers and a ramp up in Gulf of Mexico oil output following Hurricane Sally, crude benchmarks reversed course to gain on the day, bolstered by comments from OPEC.
"Although no amendments to the current supply-cut deal have been proposed by OPEC+ today, the producers group gave the impression that it does not sweep troubles under the carpet," said Rystad Energy's Head of Oil Markets, Bjornar Tonhaugen.
Brent oil futures extended gains to settle up $1.08 or 2.56% at $43.30 a barrel. U.S. crude futures settled higher by 81 cents, or 2.02% at $40.97 a barrel. Both contracts rose more than 4% on Wednesday.
The panel of major producers, including Saudi Arabia and Russia, did not recommend any changes to their current output reduction target of 7.7 million barrels per day (bpd), or around 8% of global demand, according to a draft press release and an internal report.
The panel pressed laggards such as Iraq, Nigeria and the United Arab Emirates to cut more barrels to compensate for overproduction in May-July, while extending the compensation period from September to the end of December, according to three OPEC+ sources.
"They were coming down hard on the UAE," said Phil Flynn, senior analyst at Price Futures Group in New York. The expectation that output could fall as the UAE and others trim production bolstered prices, he said.
The OPEC news overshadowed the restart of U.S. offshore production after Hurricane Sally passed through the Gulf of Mexico and bearish U.S. economic news.
U.S. energy companies were starting to return crews to offshore oil platforms in the Gulf of Mexico after Sally halted operations for five days, shutting down nearly 500,000 bpd of output.
Prices were also under pressure from the slow economic recovery from the pandemic.
Global coronavirus cases are expected to pass 30 million on Thursday, according to a Reuters tally.
The U.S. Labor Department's report showed the number of Americans filing new claims for unemployment benefits fell last week, but remained at extremely high levels as the labor market recovery shifts into low gear and consumer spending cools.
Even OPEC+ cautioned that the pandemic could continue to curb demand. An OPEC+ technical panel warned that a rise in coronavirus cases in some countries may curb oil demand despite signs of economic recovery and initial indications of a decline in oil stocks, according to an internal document seen by Reuters.
18/09/2020 7:37 AM
tkl88 Walaoeh, oil price spike up like mad !

Today O and G counters will be spike up to sky high already !
Huat ah ! Heng ah ! Ong ah !
18/09/2020 7:46 AM
chimchim already query by bursa to tutup kedai la...
21/09/2020 9:49 AM
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 11:51 AM
cckiong Scomies is already dead.
28/09/2020 11:57 AM
freeman Where is calvin?
06/10/2020 10:09 PM
freeman hello...
22/10/2020 4:27 PM
tkl88 Wow, oil price continue to spike up !
As at 5.42pm,
Nymex at => $38.16 (+1.35) (+3.67 percent)
Brent at => $40.20 (+1.23) (+3.16 percent)

Huat ah ! Heng ah ! Ong ah !
03/11/2020 6:03 PM
tkl88 Wow, Dow Jones continue to spike up !
Dow Jones closed at=> 27,480.03 (+554.98) (+2.06 percent l) !
World stocks super bull market is coming !
04/11/2020 7:32 AM
tkl88 Latest US election update !
04/11/2020 12:36 PM
tkl88 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 12:36 PM
chinaman Biden win. Contrary to many who expect oil downturn- When Shales activity suspended, or prohibited due to huge environmental damage by Biden, it goes up instead due to US supply shock in short term..... Biden's strong proponent of green energy. may take some time before it can gain further market to replace shale oil long term. so, i sailang oil counter la
08/11/2020 1:58 PM
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 2:45 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 10:05 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
09/11/2020 11:17 PM
tkl88 (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 11:17 PM
tkl88 Walaoeh, Dow Jones spike up to sky high !
10/11/2020 12:22 AM
tkl88 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 Walaoeh, Dow Jones continue it’s bull run ! Dow Jones closed at=> 29,420.92 (+262.95) (+0.90 percent) !
Huat ah ! Heng ah ! Ong ah !
11/11/2020 7:43 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 7:33 PM
lauys96 this counter start rebound. after mother scomi tutup kedai.
12/11/2020 11:48 AM
akc008 Today O and G counters will be spike up to sky high already !
17/11/2020 8:55 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 7:07 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 7:08 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
20/11/2020 8:26 AM
tkl88 https://www.thestar.com.my/news/nation/2020/11/19/khairy-malaysia-to-pay-upfront-rm94mil-for-vaccine-under-covax-plan
20/11/2020 8:26 AM
winmal got buying interest
20/11/2020 12:30 PM
giinyang520 Can the latest oil price save scomies energy back to previous consolidate price? Let see
25/11/2020 12:38 AM
tkl88 Wow, oil price continue to spike up like mad !
As at 1.25am,
Nymex=> $44.95 ‪(+1.89) (+4.39 %)‬
Brent=> $47.77 ‪ (+1.73) (+3.76 %)‬
25/11/2020 6:49 AM
tkl88 Walaoeh, Dow Jones continue it’s bull run !‬
Dow Jones closed at=> 30,046.24 (+454.97) (+1.54 %) !

Huat ah ! Heng ah ! Ong ah !
25/11/2020 7:23 AM
Weebeee This share is getting 50mil from the mother company SCOMI right? It’s in PN17 because of a default payment of 50mil. Will it be exiting PN17 soon?
29/11/2020 6:17 PM
gck_236899 Maybe can out fr pn17
01/12/2020 8:31 PM
freddiehero congrats to u all..
01/12/2020 8:31 PM
Blackocean scomies no movement de...
04/12/2020 9:29 AM
tkl88 Wow, oil price continue to spike up !
As at 4.05pm,
Nymex at => $46.49 (+0.85) (+1.86 percent)
Brent at => $49.73 (+1.02) (+2.09 percent)

Huat ah ! Heng ah ! Ong ah !
04/12/2020 4:10 PM
tkl88 Oil prices rise on trader euphoria after OPEC+ compromise
www.google.com/amp/s/www.oilfieldtechnology.com/special-reports/04122020/oil-prices-rise-on-trader-euphoria-after-opec-compromise/amp/
05/12/2020 10:45 AM
tkl88 Brent will break above $50 next week and break above $60 by end of December 2020 !
06/12/2020 7:54 PM
tkl88 Wao, oil price spike up like mad !
As at 11.57pm,
Brent at=> $50.87 ‪(+2.01) (+4.11 percent)
Nymex at=> $47.56 ‪(+2.04) (+4.48 percent)‬

‪Huat ah ! Heng ah ! Ong ah !‬
11/12/2020 12:12 AM
tkl88 Wow, oil price continue to spike up !
As at 1.38pm,
Nymex=> $48.30 ‪(+0.48) (+1.00 percent)‬
Brent=> $51.59 ‪(+0.51) (+1.00 percent)‬

‪Huat ah ! Heng ah ! Ong ah !‬
17/12/2020 1:45 PM
tkl88 Wow, oil price continue to spike up like mad!
Nymex=> $4‪9.06 (+0.70) (+1.45 percent)‬
Brent=> $52.32 ‪(+0.82) (+1.59 percent)‬

‪Huat ah ! Heng ah ! Ong ah !‬
19/12/2020 9:51 AM
gck_236899 Soon bro
14/01/2021 6:40 PM