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Perisai Petroleum Bhd said earnings from Perisai Kamelia are expected from the fourth quarter of 2013 as the latter has completed the contracted start-up and commissioning work.

Perisai Kamelia, the floating production, storage and offloading (FPSO) vessel, was deployed to the North Malay Basin Early Production System under the terms of the contract awarded to Perisai Petroleum Teknologi Bhd’s 40%-owned associate, Larizz Petroleum Services Sdn Bhd.

In a note to the exchange today, Perisai said the US$272.1 million contract came with an extension option that could add another three years to the charter duration.

“With the successful start-up and commissioning, earnings from the Perisai Kamelia are expected from the fourth quarter of financial year ending Dec 31, 2013,” said Perisai

http://www.theedgemalaysia.com/highlights/266927-stocks-to-watch-sumatec-destini-mah-sing-perisai-i-capital-goldis-bassets.html

Perisai Petroleum Bhd said earnings from Perisai Kamelia are expected from the fourth quarter of 2013 as the latter has completed the contracted start-up and commissioning work.

Perisai Kamelia, the floating production, storage and offloading (FPSO) vessel, was deployed to the North Malay Basin Early Production System under the terms of the contract awarded to Perisai Petroleum Teknologi Bhd’s 40%-owned associate, Larizz Petroleum Services Sdn Bhd.

In a note to the exchange today, Perisai said the US$272.1 million contract came with an extension option that could add another three years to the charter duration.

“With the successful start-up and commissioning, earnings from the Perisai Kamelia are expected from the fourth quarter of financial year ending Dec 31, 2013,” said Perisai

http://www.theedgemalaysia.com/highlights/266927-stocks-to-watch-sumatec-destini-mah-sing-perisai-i-capital-goldis-bassets.html

DtheOne not to be in doubt :)

its a fundamental stock with breaking news, substantial earnings capabilities with future contracts at hand and of course plus high volume :)

most research house just updated the new value of this stock and was featured on front top page of thestars investing today...so do you expect it to rise just a few cents?

do allow me to inform that when it drops it's because of fear, its a cycle..not usually profit taking but loss taking in many cases. (if you're investing long enough you'll understand wht i mean)

do research on value and if you're investing on value it's hard to be wrong. patience works. if you know ta its still on its uptrend, normal retrace and consolidation is expected just like all stocks.

fearful investor will be gone soon only investors tht know the true value of a company will stay when new buyers move it.

hv a great weekend everyone.. do wish d best for everyone. happy trading.

Jack Knight sold my other trading counters... i'm buying up perisai ^^

invest2mil ARECA Capital CEO放眼明年 油气股成领头羊

（吉隆坡13日讯）ARECA Capital首席执行员兼基金经理黄德明放眼，天然气与石油股只将是明年的领头羊。

他称，国内油田开采量有限，促使国家石油积极勘探和发掘新油田，以维持产量。

“国家石油将开采更多油田，预计他们会因而颁发更多合约。”

他补充，中小型的天然气与石油公司的收益将激励本益比和盈利上涨，有鉴于此，相关的规模公司收益胜于较大型公司。

黄德明今日出席“2014投资峰会：经济、股市展望与攻略”记者招待会时，这么指出。

DtheOne perisai is featured in the star investing today :)

http://www.thestar.com.my/Business/Investing.aspx

johnny cash Perisai Petroleum Teknologi (PPT MK)
Technical BUY with +13.3% potential return
Last price : RM1.50
Resistance : RM1.70
Support : RM1.43
Stop-loss: RM1.41
BUY with a target price of RM1.70 with a stop-loss placed below RM1.41. PPT’s share price has gradually recovered from the low of RM1.22 after retracing from the high of RM1.70 on 19 Jul 13. The share price has breakout above the “cloud” on 14 Nov 13, before picking up more momentum as PPT managed to close above 50.0% FR level of RM1.46. Despite falling short of the previous high of RM1.52, the share price has recorded a higher trading volume of 13.4m shares (vs. 20-day average of 2.5m) yesterday, thus indicating a growing buying interest. Given the bullish crossover in the Stochastics, we expect the positive momentum would drive the share price higher into retesting the previous high of RM1.70 in the near-term.

UOB KAY HIAN TODAY REPORT ON PERISAI--- dated 12/12/13

Latest Price Target by Research House RM2.51 (Stock Rating: ADD)

Perisai's FPSO vessel, Perisai Kamelia, has hit first gas at the Kamelia field in the North Malay Basin. This marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to operator. We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.

We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.

What Happened
Perisai announced that Perisai Kamelia, its floating production, storage and offloading (FPSO) vessel deployed at the Kamelia field, has completed start-up and commissioning, and that the vessel's charter commenced last month. The vessel is providing support to US-based Hess's early production activities under a 3+3-year contract, which has a value of US$272m for the primary charter. There is potential for another US$271m if the contract is fully extended.

What We Think
We are encouraged by the charter commencement after a delay since late Jul. The start of gas production at Kamelia marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to an operator. Early contributions from the vessel will be reflected in 4Q13 results, reducing the earnings vacuum caused by two idle assets, namely the mobile offshore production unit, Rubicone, and pipelay barge, Enterprise 3. Management is scouting for contracts for these two assets, which completed their respective projects in Sep 2013. We expect the vessel to be Perisai's biggest net profit contributor in FY14, making up 40% of its bottom line (Figure 1).

What You Should Do
Accumulate the stock. Perisai's prospects are attractive following its entry into the FPSO and drilling segments. The company will be rolling out its first jack-up, Perisai Pacific 101, in Jun 2014, followed by a second one in 2Q15. FY14-15 could be record years due to contributions from the FPSO vessel and jack-ups.

Source: CIMB Daybreak - 12 December 2013, Full PDF Report

http://klse.i3investor.com/blogs/cimbresearchklse/43189.jsp

amywo Perisai Petroleum’s associate starts work on US$272m deal at North Malay Basin
http://www.thestar.com.my/Business/Business-News/2013/12/10/Perisai-Petroleum-associate-starts-work-on-US$272m-deal-at-North-Malay-Basin.aspx

Stocks To Watch Sumatec, Destini, Mah Sing, Perisai, i-capital, Goldis, BAssets
http://www.theedgemalaysia.com/highlights/266927-stocks-to-watch-sumatec-destini-mah-sing-perisai-i-capital-goldis-bassets.html

Perisai Petroleum Teknologi (PPT MK)
Technical BUY with +13.3% potential return
Last price : RM1.50
Resistance : RM1.70
Support : RM1.43
Stop-loss: RM1.41
BUY with a target price of RM1.70 with a stop-loss placed below RM1.41. PPT’s share price has gradually recovered from the low of RM1.22 after retracing from the high of RM1.70 on 19 Jul 13. The share price has breakout above the “cloud” on 14 Nov 13, before picking up more momentum as PPT managed to close above 50.0% FR level of RM1.46. Despite falling short of the previous high of RM1.52, the share price has recorded a higher trading volume of 13.4m shares (vs. 20-day average of 2.5m) yesterday, thus indicating a growing buying interest. Given the bullish crossover in the Stochastics, we expect the positive momentum would drive the share price higher into retesting the previous high of RM1.70 in the near-term.

UOB Kay Hian --- dated 12/12/13