https://www.nst.com.my/business/2018/10/424544/reach-energy-announces-discovery-oil-bearing-reservoir-kazakhstan

Buy Reach now, since it is cheap and this company will be the next Hibiscus.

Brent price is still profitable. The last Qtr result reported a maiden profit and Average Brent price was only 65 pb. Now, the brent range is 70 pb and above which is even better. Next coming Qtr will be even better, estimated Revenue is RM 77m and Profit estimated is RM 15 m

Go to Reach. Yesterday, Reach reported new oil well in Yessen oil fields which is 34m deep of oil bearing reserves

Depleting matured oil fields and lack of oil exploration is one of the main concern for any oil companies. However, Reach has increased the number of producing wells from 17 in May 2017 to 25 in May 2018. That means Reach will has new oil wells and have a long life span rather than many other companies that has matured oil wells. It is important for EP companies like Reach Energy to keep on searching for new wells. Since Emir-Oil has and area slightly bigger than Singapore, this company has ample opportunities to look for new wells in the future.

Four years ago, the US oil rig count was about 1600 oil rigs. Today, the actual oil rigs count is only 873 which is about halved as compared to the period of Oct 2014. The global demand for oil is reported to hit 100 M bpd as early as next year 2019. This will surely support oil price if not going for US 100 pb. Reach Energy has the added advantage because of plentiful oil reserves. The recent success in oil exploration in the Yessen Oil Fields augurs well for the company. As to date Reach scores a 100% success in Y-1,2,and 3 oil Wells.

EIA report will be good

Hi Franklim1989, oil reserves are categorize into three parts ie 1P, 2P and 3P. ie 24.607 MMBOE, 80.953 MMBOE and 150.009 MMBOE respectively. Now, the best part is Y-3 exploration well was drilled and completed as budgeted.

Sometimes the drilling for oil well can be a dry well, then waste money. Yessen-3 has been drilled up to 3615.6m, and discovered OIL up to 34 m of oil-bearing reservoir. Yessen-1and Yessen-2 also has discovered oil. This augurs well for REACH ENERGY.

Yes, good positive news from Yessen - 3 exploration oil well from Kazakhstan. Up to 34m of oil bearing reserves are tested. CEO said that this discovery highlight the vast exploration upsides.

Brent price will go up . Iran sanctions coming on Nov 4 th. Middle East tensions always a big problem. Oil goes down and up is normal. Just wait for the next Qtr results which is expecting to be excellent.

Reach Energy is good for investment. World demand for oil is robust. Soon Reach will hit 70s

Hi guys, I am back from my short holiday. Brent price still in the rangebound of 70-80 pb, so no worries. Just bought a few for keeping.

Hi trap666, good morning to you.

Slowly but surely, dgsb will raise again

ASB ialah sebuah syarikat yang kukuh sentiasa member dividend kepada para pemegang saham. NTA nya ialah 45.2s jauh lebih tinggi dengan harga saham sekarang

Harap boleh naik hari ini

ASB is a good excellent company that take care of the minority shareholders by giving out dividend even at bad times. It has very small debts but large cash balance kept in the bank.

Dgsb has a steady business by way of its qtr revenue, range bound RM 17m - 25m

It is time to buy dgsb. Never listen to negative news. You have to do your own studies and research from all aspects like the business potential, the new balance sheet account after the proposals and also have trust and faith in the leadership of Dato' Dr Tan Seng Chuan. Study and keep on studying, and never listen to negative ppl.

Hi trap666, eat now , 5s later all gone.

Warren Buffet said that debt ratio gearing must not exceed 0.50 to stay healthy in the balance sheet. DGSB debt ratio is ONLY 0.018.

After the clean up exercise, DGSB will have a new outlook with a new management team. The share capital will be
RM 60m, total accumulated loses is almost ZERO, cash balance in Bank about RM 20m, borrowings gearing ratio is 0.018, share based from 1.49b become only 745m, share price from 5s go to 10s upon share consolidation 2:1. Business is as usual with average quarterly revenue RM 20m and gross profit average RM14m. Now, buy or not is your choice.

Like I said.... Buy cheap and wait......

Why are you ppl so silly, only looking at short term gain but never study the business structure of the companies. Netx , Mlab and Dgsb , all of them have different expertise. To invest long term, you have to know the business, this is the simplest knowledge. Business.....business .....and business...that is very important in any long term investments.

Just compare the revenue of Netx, Mlab, Dgsb . Now, then you will understand why dgsb is good for long term investments, my reason No 3, ie the business is simple and straightforward.

Why are you so silly. Ppl throw just buy. I manage to buy some and keep long term. Like I said, 3 reasons to buy dgsb.
1. Low debts and gearings ie only 0.02, 2. New set of BODs with wide experience in IT and finally 3. The business model is so straightforward.

ASB is good for long term investments. Just hold your position.

Relax guys, ASB will go up again soon.

Opportunity for me to buy more and wait.

Be patient , ASB must buy and invest. No hurry since it is a very good stock

From the business viewpoint, ASB has great potential for growth. The most recent launch are the D Villas Apartments that can complement the Holiday Villa hotels business.

Buy, keep and invest long term. An excellent defensive stock with lots of hotels all over the world even in Doha!

Malaysia is a favourite tourist spot for many. With its cheap RM now, more ppl are coming to our shores for a holiday. Holiday Villa is usually fully booked.

Invest in ASB. This is an excellent counter. Now trading at a great 70% discount compared to the NTA of 45.2s. An excellent defensive stock with many Holiday Villa hotels all over , even in China!

Inix was 6s in Sept 2017. In Jan 2018, Inix went up 14.5s. I am sure many of my friends make money. Hibiscus was 19.5s in Sept 2016, now it is RM 1.15s. Many of my friends make money. Reach was 26s in early Aug 2018, now Reach is at 43s , again many people make money. Now , ASB at 14s, later.......lets us wait.......how high ASB can go.

A very safe counter. Gives out good dividend every year from 2011 onwards. This counter has excellent cash flow.

ASB has good excellent assets. Its NTA is 45.2s, now ASB is selling at 14s which is at great discount. Buy for long term. A good defensive stock in these bad times.

When market is BAD, buy defensive stock that are CASH RICH just like ASB. ASB never failed to give out dividend even during bad times.

ASB is cash rich, manageable debts, diversified business and consistent dividend. Good for long term investments

Dr M said companies must diversified. ASB is a diversified group and cash rich too. ASB is well position to acquire good assets in bad times. A cheap jewel with a good experienced management team.

Dr M said maybe have to sell land to local companies to pare down debts. Hopefully, ASB will get some deal to buy prime land.

Well done Reach. Congrats guys.

ASB is buying up good quality assets with Peatling Garden SB and Temasya Dev Co SB. ASB is cash rich to buy good assets at a good price

A cash rich stock with excellent gross profit and lots of potential for growth

Hi Jeffrey Ng, thanks. Just put on hold first. Need some money to go for a short holiday. Hahaha.

Ok guys, I am out of og stocks. Take care and good luck

Brent is still good, above 80 pb. No worries guys

Brent price rangebound 75-85. This is good. Reach make more money.

Reach energy will experienced a windfall since Brent price is rangebound 75-85. Let us just wait for the price to stabilise at around 80.