Notion just received UMA enquiry from bursa bcoz shares price hit high...maybe that's the recent pullback today.

Pak tua pun ada collect di sini..I lega skt. Percaya sama pak tua..😂

After the profit taking, hopefully DC theme resume back tomorrow.

I thought flying to moon today...eemmm!

Adoi! Morning 0.23. Suddenly I open 0.185. What happen to drastic drop?

Pick from the above post..

Awang Tengah also said that Sarawak’s mineral wealth includes gold, bauxite, silica sand, limestone and rare earths, noting that gold deposits, initially found in Bau, have also been discovered in several locations in Sri Aman.

All the activities above well suited with Minetech business.

https://www.theborneopost.com/2024/06/18/awang-tengah-sarawak-to-delve-deeper-into-mineral-mining-in-tandem-with-og-sector/

Wow! Brent usd 84 now. It means DCR for usd 100 and above is imminent. O&G bull run coming soon.

I remember last year I bought Armada around average 0.53 and disposed with good profit after it break 0.60. Today I open, our friend Armada still trading @ 0.55 kah...adoi!!
Perdana lagi sempoi...touched 0.40 ready. Velesto start giving dividend. Apa sdh jadi sama ni Armada 😴😪

Not energy theme right now. All the big2 shark go to Data centre right now. Energy theme will follow once DC fever is over..sabar2 not long.

https://asia.nikkei.com/Spotlight/The-Big-Story/AI-s-looming-climate-cost-Energy-demand-surges-amid-data-center-race

DC required huge energy consumption. Most AI companies like Google and Amazon using green tech or alternative to support the ESG. So, what that mean to Minetech?

Wow! This group has received many positive comments and hopes. It's possible for anyone to have confidence in Minetech to skyrocket one day. Let it become a reality

萨约纳拉

https://www.theborneopost.com/2024/06/07/premier-proposed-new-airport-deep-sea-port-to-turn-sarawak-into-aviation-shipping-hub-in-region/

Abg Johari working hard to transform Sarawak, into next level. We can see more projects and MOU announcement lately. Minetech in good position to grab either one of the contract perhaps more...matter of time.

Petronas’ unit inks deal to certify CO2 storage sites for local CCS projects:: https://theedgemalaysia.com/node/714604

I think not Velesto day. Petronas just inked agreement with DNV for CCS project.

They know...It's not always possible to depend on Petronas, but they should not neglect them either.

It seems to me that they are looking for a way to expand their business to the next level.

If they really looking at Middle East for future bidding...what about rigs services for Petronas?

Solution: Tendered contract to other drilling service provider, like deep water drilling project (JV) that they announcement recently and etc.

Just my guessing..😀

This comes after our PM recent visit to Saudi. This is our PM statement during press conference...


"We have also requested that they (Saudi Arabia) take a look at our capable companies not only in investments but also for them (to be given opportunities to secure) development, construction and information technology contracts in Saudi Arabia.
"This means being given present opportunities – for example, large projects in Neom. It seems that Malaysia is being considered. That's why I am of the view that personal support from foreign leaders is vital for them to pay attention to Malaysia," Anwar said during the programme.

Some doubt running in my mind..are Saudi going hired Velesto rigs (after suspended USA rigs services)

This is interesting. As velesto seek for asset light this year, they also mentioned this during press conference...

"In a filing with Bursa Malaysia following its latest financial results announced last month, Velesto said it expects the overall global utilisation of jack-up rigs to remain strong for 2024 and 2025.

“However, the jack-up drilling rig market may experience uncertainty. The company is monitoring the current situation in the Middle East for its future bidding strategy, especially for mid-2026 onwards,” it said.

If we compared DC rate in between Petronas and middle East, there's huge difference.

They put max pressure to contra/weak players. Weak out strong remain. Those got holding power will win the battle eventually..sabar

Brent moving towards downtrend..hopefully recover back tonight.

Brent moving downward..usd 76/barrel.

Collaborate with South Korea and UAE, business estimate around USD460 bil on green energy. Part of Minetech revenue also comes from green tech projects.

https://www.thestar.com.my/news/nation/2024/06/01/sarawak-targets-green-energy-collaborations-with-south-korea-uae

Why so silent here, eagle went for hunting ke...

I believe the share price will limit up once the JV agreement materializes. Patience is the key.

Management has strong future planning. That's why they are confident and willing to give shares (ESOS) to their downline staff (and also dividend)

Velesto ...Syarikat Petroleum Nasional kedua 😂😁😀

This is good news indeed. This laterally means they look to double their revenue and income without owning large drilling assets...easy, profitable money. JV with other deepwater drilling companies that owned vessel without spending huge budgets in this uncertain fossil fuels business. Nevertheless they got Petroleum National authorized license and very good reputation with Petronas...smart way. They will bid the contracts and pass it contract drillers. Same concept with Petronas.

Eagle 77
You're very optimistic...I like you spirit. Hopefully Abg won't disappoint us.

It won't go below 0.26 or worse case 0.25..reffering past trend before move up.

New shark...EPF.

Collect collect. This is last round they give you chance to collect cheap cheap...once engine start you won't get it.😁. Investment mesti mahu berani. Like Warren Buffet once said "be fearful when others are greedy and to be greedy only when others are fearful"

Wow! Canteeek collect lagi...all in 😁

Still got time, go put in Perdana now. This is lousy.

Many wait @ 0.27 like hungry lion.

Canteeek! Collect lagi. Collect low sell high later..😀😁

I consider this is still a good company as long as brent at higher side. Expected qtr 2 to 4 going to make money even with some rigs put under scheduled maintenance.

It's normal for every shares hibernate for a while after dividend payment. Prospect is there later on...

https://www.upstreamonline.com/exploration/petronas-carigali-to-appraise-duo-of-malaysian-discoveries/2-1-1650151

Naga 6 assigned for this project. DCR reviewed.

Permodalan Nasional Berhad (PNB) hold 4,348,186,695 shares while Hong Leong Asset Management Bhd. 639,934,700 shares.
Just figure out how much dividend payment they get...

I am unsure of under which revenue or expenses they declared. Perhaps this is the management expenses that missing in 1st qtr...maybe.

The dividend payment is expected to be between $25 million and $30 million, according to my rough calculation.

27 may 2022 trading @ 0.12.

In and out 3× in just a short period. Wonder why you can't make money dispite the rest can. Velesto for mid to long term investors. You need patience and holding power at lease up to Nov to get the pay off.

In the next 2 quarters, FCF surpasses debt with this type of profit return.

I expected their FCF to exceed 350 million, my rough estimate.

Maybe run away from tax..😂

Sabar sabar. Bagi time kpd abg abdillah...baru take over tu.