Thanks Icon for your writing to initialed me to look back into Armada.

2 years repay back 2.0b debt. latest 2 qtr 487m repay. Strong cashflow generated from operation.

Icon uncle this year like pig head. All writing shares like rocket. Congrats

Saturday here also crowded liao. This stock is getting hot now. Previously here no business, only flies.

Pang just hold for more longer term. U will be rewarded. And we need to control our emotion, not too happy, or not too sad. Emotion will affect we doing a correct decision

Pang and Apple. Could both of u go open another page for fighting? Do waste resource here and waste other people time.

Big up trend but price hold very tight and solid at high level. Is the moment to add more.

股神 bursa so many stocks can sing it down, but u choose the top few strongest stock in bursa. You can go to check Penta profit table and chart for this 2~3 years back. My baby son also know this is bullish stock, no doubt.

Wait until RI ex date come out first lo. you r so worry but the shareholder laughing all the way to bank. some more RI is 1 for 10. Not 1 to 1. The sky would not drop.

Why 15 months so short period? Ridiculous

Looking at the perdana qtr report maybe we can get some clues in this Dayang soon to release qtr report:

1. Perdana rev & gross profit better than same qtr last year. Do not compare profit, last year qtr has a Rm 26m foreign exchange gained as in other income colume.

2. Perdana Our vessel utilization rose to 79% compare 70% last year same qtr.

3. “12-14 out of a fleet of 16 vessels were employed in the second quarter and we remain cautiously confident that this fleet utilisation level should continue right through into at least quarter three, if not the end of the year,” said Perdana Petroleum.

http://www.klsescreener.com/v2/news/view/570496/perdana-petroleum-slips-into-the-red-in-2q-despite-higher-revenue

4. Perdana qtr report:

We believe that the business environment in the second half of 2019 will be better given the
higher number of vessels that have either been earmarked for Dayang’s offshore maintenance
and hook-up contracts with various oil majors where activities are already projected to be
ramping higher or on contracted charters with oil majors directly.

Anyway this is just a in-directly info and will it really translate to the Dayang which is going to release soon? Also consider the risk too.

Pay dividend sometime can be view as management willingness to share profit with us. And also indirectly tell us that the cash on hand figure is more 'Real'

when will it give dividend?

we can compare to the nearer player - Vitrox to judge whether penta is doing good or not?

Vitrox latest qtr weaker compare to last year same qtr, due to slow down of semicon industry. I think we should compare same qtr to last year due to first half is slower and second half is stronger for both Vitrox and Penta.

Penta compare to last year same qtr show a good improvement on Rev and Profit growth. And one more exceptional performer for Penta cash flow pile up which generate from the operation.

1 thing I can only say short fall from Penta is still no any dividend announced even cash on hand accumulated to 400m.

Tanjung

SC still not approved yet, RI price already come out? U r so kidding

But in the real situation, we know that perdana required cash inkection rather than Dayang. This is absolutely clear. No doubt

Not only the edge, the star also quoted the same. But look into the perdana announcement in detail point no. 4, it also seem written in this way. Or the announcement misleading? I am not sure

Pjseow，

I think The petros chairman Tan Sri Datuk Amar Hamid Bugo is different person with this Naim Chairman

Previously I also done a balance sheet checking by taken out the impairment. But the figure seem different. I need to check one by one to compare. I still new, most probably i was wrong. With your writing, i will able to verify my mistake. Tq

LED lighting is a very competitive red sea market especially in China. We actually able to get the online purchase through Taobao/Lazada full with choices of Led light with very cheap price. But this is the residential lighting. i am not sure IQ group manufacture which type of lighting. IQ group for sure has the ability to manufacture the lighting. But not sure whether do they have ability to explore to the market which is last time is not doing by them.

For Dayang sharehorder, it is just need to subscribe right issue only right. other company will do it themself right? And the Perdana Rcps we also no need to do anything right?

Just assume u as owner of Dayang. Align ur thought as him. Take up the RI and just ignore the effect of pp, debt transfer from Perdana to Dayang, RCPS no interest return. Plus the most ingredient - time. U will be rewarded handsome.

Kyy celebrate probably is ri at 1 per 10. If ratio 1 to 1, sure die

Absorb all the perdana debt into Dayang acc. How to look is also lose for Dayang. Except the RCPS/Perdana share price appreciate in future. this is the only way to made Dayang win, Perdana win.

Dayang subscribe RCPS with no annual interest and advance give out money to perdana first? die la . How the market will interpret this next Tuesday?

Next Tuesday another 10%

diluted by 20%

patiently waiting for Perdana good new on restructuring. it will be another boosting engine. Perdana start to earn money. it would be create a good atmosphere to proceed successfully. Let wait for the fruit to drop.

When u r panic and do not know what to do, look look at the qtr report prospect and revisit dayang earning this few years. U will get the answer.

As i said perdana is a pair of wing added in to a tiger. Vessals acquired all contributed to Dayang.

I also cannot understand* hibi 1 year ago price almost same as now. But hibi improve so a lot from balance sheet, earning after acquisition from sabah. And also few projects are going on to improve the current production. If u ask me what is the price hibi should be? I would say any than the previous high. I really cannot understand.

Perdana vessels is a pairs of wing added to the tiger shoulder. Dayang will become stronger than ever with almost all their vessels plus perdana vessels in service. Let see

Yes lo. I also thought cold eye made recormendation

Dear Mr Tan
Pls help me to submit below evenly

Revenue, favco, dufu, carimin, jhm* thanks

penta still have a secret weapon - dividend. will its large cash on hand, it is possible. just it is now in its expanding period with its new factory. in short term, it is still not possible. but in long term period, i think it is sure will think of this possibility to lure more fund buy in.

I just afraid the valuation is not as high as previous partly due to trump statement that called Apple move its assembly factory to American. This may affected the Apple supply chain also if it really happen. Investor do not like uncertainty, we can see the share price start to react to trump statement. And we know it is extremely difficult to move Apple assembly site back to American as the supply chain is very mature in China and Asia region. But who know the silly president will do next?

outstanding order - 於 2018 年 9 月 30 日，根據自我們客戶所獲得採購訂單計算的訂單金額約為 285.7 百萬令吉，預期將於 2018 年餘下月份及 2019 年上半年交付。

It has a target to produce 20k barrels / day at 2020. It will actively look for acquisition and expand its both fields production. This few years most probably will not have divident.

History only repeated for itself. Actually if we are detail enough, we may skipped on yesterday price big drop disaster. You may refer to its previous qtr report released, how about the 2nd day and the few days after the share price to perform? over 90% of history showed that price will dropped after qtr released no matter profit is good or bad.

And 1 more thing is, on the 28 Aug second session trading, we able to see some smart money/early know money start to sell big block of shares.

All this were planned early. of course if you are a truely faudemental believer, you may skip all my nonsense. I also believe it will only get better and not the other way. of course, the bible we need to ensure it is on the right tract to recover - brent oil price.

The oil reserve increasing report is well purposely announced before qtr report to warm up the buying interest.

Super big volume today couple with public ib very high tp. Think this need longer time to digest today stuck upper cash*

I sold all mine early moening since this forum is so hot since yesterday. Pressing down could be go on one or 2 months. Patient will paid by reward* i would reenter when volume is dropped until no body discuss this share again.

Deric I overlooked this. Then the profit margin should be higher. Thanks

We just take out the negative goodwill 93m and try to calculate what is the real profit for this qtr:

Gross + other income = 106m
Expenses & finance cost = -61m
PBT around 106 - 61 = 45m
Tax 25% = -11m
PAT = 34m
Profit margin = 34/184= 18.4%

This qtr have 2 offtake from Sabah and no any offtake from Anasuria.
We can observe the Sabah offtake from qtr report and it always in pattern 2 offtake -> 1 offtake and repeat in this way. We will assume that Sabah next qtr will has a single offtake which we took the last qtr offtake figure 287k barrels.

There is no offtake from Anasuria this qtr. But qtr report did mentioned that 524k which are 2 offtakes after the this qtr report were carried out, which in turn will calculated in next qtr report.

So we may added up this 2 figures and able to guess the next qtr report Rev & Profit.
Of course qtr report also mentioned that the Sabah will ramped up the maintenance next 2 qtrs. so we take some discount and put the figures roughly at 250k barrels.

So Next qtr probably will have 250k + 524k barrels offtakes = 774k.
So next qtr profit guess to be in this way
774k / 623k x 34m = 42m.
Where we assume all the variables (exchange rate, brent oil price, expenses, tax rate...) no change.

Of course this is only a rough simulation to guess the direction of the next qtr profit only.
And We could has some bad situation where Anasuria no any offtake and Sabah single offtake. But this is just a mix & match game where the produced oil eventually will shipped out. We should take a look into the daily barrel which able to produce in both fields which this represent the real fundamental of Hibicus.

And this Qtr actually displayed a almost max average up time and average net oil production at both field uptime over 90% and combine average net oil production 5900 (Sabah) and 3700 (Anasuria) = 9600 barrel daily.

This is actually a solid result especially Anasuria before this suffered bad uptime and several effort have been putting in place.

9600 barrels daily x USD 4 x Brent price 75 x 90 days x 0.9 discount = Estimate Rev 233m
Profit 18% = 42m.

9600 barrels is the max projection on current situation where both fields are in optimum uptime. Brent price is in small up trend recover from low Usd 70, and MYR against USD is in depreciation tonight where it seem breakout from 4.10 to 4.12.

I still new and if there is any mistake, please help to point out. Thanks you.

Price stable 1.00 above. Good sign

this morning quite some buyer stuck at 1.03-1.04 level. QR will release 1 more week. Price not easily to go up above 1.05 to release those stay upper price this morning. It definitely need time to digest. it seem price peaked in short term period. But time is not enough due to qtr report is nearly in. I still thinking...

Price likely to be sideway for a month or two in a very tight price area. This share will be very, super boring to shake out all of us. Guys, patient will reward us.

Icon, hibicus with the expected higher yield bbl and selling price (Sabah enjoy a little premium price than brent oil price due to good quality oil; and better brent oil price agaist last qtr usd 65 avg), both this strong elements expected to boost earning. Just little unknown thing is how management to manipulate the accounting rules.

My Stock Pick for year 2018

1. Penta 30%
2. Hengyuan 30%
3. JHM 20%
4. Kesm 10%
5. Top Glove 10%

Thanks You

非常赞的分析。 让我们拭目以待， 背后这些人吸纳了这么多的筹码的后面发展。 强盛的空方只维持了开市不久的优势， 就被多方连绵进攻至空方的城池。空方的力量攻击集密/，快， 时间短， 且量大。 但是没有想到多方反而筑起坚强的防守堡垒在18.50附近， 待空方攻击力量萎缩， 然后缓缓的回击， 直至到空方的地盘。 空方就像九阳神功般， 刚阳猛烈； 多方就像是太极拳般，以柔克刚、以静制动，后发先至，四两拨千斤。