What happens to stock price after private placement?
How Does Private Placement Program Affect the Share Price of a Company? The private placement of shares, if done by a private company will not affect the share price because they are not listed. However, for a public listed Company, this placement will lead to a decline in share price at least in the near term.

Private Placement of Shares | Top Advantages & Disadvantageshttps://www.wallstreetmojo.com › private-placement-shares
Search for: What happens to stock price after private placement?
Is private placement good or bad for shareholders?
A private placement is a method often used by companies listed in Bursa to raise capital through the issuance of additional shares to a single rich investor, or a limited number of qualified investors. ... Hence, private placement is not good for the existing shareholders.30 Aug 2020

Anyone knows whether this stock can survive the pandemic?

You keep buying, the stock operator will keep pushing the price down... and everybody go to Holland !

Last min buy at 1.43 1.5M shares

EPF 28-06-2016 Acquired 835,000 1.42

Brexit makes Malaysia attractive and is upgraded to 'overweight' Nomura

http://www.thestar.com.my/business/business-news/2016/06/29/brexit-makes-malaysia-even-more-attractive/

profit taking easing,,,, buying starts again

1.47 next strong support

WTI oil futures add to gains as crude stocks fall 4.1M barrels. The U.S. Energy Information Administration said in its weekly report that crude oil inventories fell by 4.1 million barrels in the week ended June 24. Market analysts' expected a crude-stock decline of 2.4 million barrels, while the American Petroleum Institute late Tuesday reported a supply drop of 3.9 million barrels. Oil got a further boost amid concerns over supply disruption in Norway, where about 7,500 workers on seven oil and gas fields could go on strike from Saturday if a new wage deal is not agreed before a Friday deadline.
The affected fields account for nearly 18% of Norway's oil output, hitting production from the North Sea's top producer.

test

News change so fast and misleading... Can one believe what people say? Even experts differ in opinion... food for thought ...

29/06/2016 1.43 1.90 +0.47 (32.87%) BUY PUBLIC BANK Price Target News
29/06/2016 1.43 1.71 +0.28 (19.58%) TRADING BUY MIDF

29/06/2016 1.43 1.90 +0.47 (32.87%) BUY PUBLIC BANK Price Target News
29/06/2016 1.43 1.71 +0.28 (19.58%) TRADING BUY MIDF

Buy% higher than sell,very good vol...

Write a comment..At this moment, downside risk small, upside potential good.....

Reversal from still oversold position....

May get at 1.42, profit taking today...

Happy for those who are recovering and also those who are in profit now.... hope the big boys start buying...

IF QR very bad, temporary shake down possible....

Price today have factored in all the horrible news including the bad QR ....

no more bad news or better than bad news = good news ...........

When you buy a stock, you are purchasing a proportional share of an entire future stream of earnings. That's the reason for the valuation multiple: it is the price you are willing to pay for the future stream of earnings.

http://www.investopedia.com/articles/basics/04/100804.asp

SapuraKencana said that while there will be "pressures on margins in the near term," it will weather the price rout through "aggressive" cost management and focus on opportunities in the key markets of Southeast Asia, India, the Middle East and Mexico.

"We will continue to strengthen key capabilities and ensure our cost base is competitive in a $30 per barrel oil price environment," said Shahril Shamsuddin, president and group chief executive in a press release.

OTHERS SAPURAKENCANA ENERGY SARAWAK INC ANNOUNCES THE SIGNING OF THE SK310 UPSTREAM GAS SALES AGREEMENT FOR B15 GAS FIELD

SAPURAKENCANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description SAPURAKENCANA ENERGY SARAWAK INC ANNOUNCES THE SIGNING OF THE SK310 UPSTREAM GAS SALES AGREEMENT FOR B15 GAS FIELD
SapuraKencana Energy Sarawak Inc (“SKE”), a wholly-owned subsidiary of SapuraKencana Petroleum Berhad, is pleased to announce the signing of the SK310 Upstream Gas Sales Agreement in relation to the production of gas from the B15 Gas Field on 23 June 2016, between Petroliam Nasional Berhad ("PETRONAS") as Gas Buyer and the SK310 Production Sharing Contract ("PSC") Contractors as Joint Sellers. SKE is the Operator of Block SK310 PSC which was awarded by PETRONAS on 17 June 2008. SKE has participating interest of 30%, PETRONAS Carigali Sdn. Bhd. 40%, and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi Corporation, 30%.

The B15 Gas Field which was discovered in December 2010 is located within the SK310 PSC area, offshore East Malaysia. The development will comprise a central processing platform with a 35km gas evacuation pipeline to be tied into existing infrastructure. The B15 Gas Field will deliver gas to the Malaysia Liquefied Natural Gas (MLNG) complex in Bintulu, Sarawak. The first gas delivery is targeted for the fourth quarter of 2017.

This announcement is dated 27 June 2016.

JoshuaMS7, it's a risk reward thing, How much potential downside vs how much upside and the price you are willing to pay.....

strong support at 1.32

http://jupiteronline.klsetracker.com.my/sharehold.php

Hng33, agree

Is it possible to predict movements in the stock market? http://retirehappy.ca/is-it-possible-to-predict-movements-in/ ...............no right or wrong..............

[Expect Much Higher Oil Prices As The Cycle Comes To An End | OilPrice.com] is good,have a look at it! http://oilprice.com/Energy/Energy-General/Expect-Much-Higher-Oil-Prices-As-The-Cycle-Comes-To-An-End.html

http://www.marketwatch.com/story/oil-prices-hover-below-50-as-us-stockpiles-come-into-focus-2016-06-14 not the end of the world yet........

Looks like the bleeding have stopped...... for now

EPF 03-06-2016 Acquired 1,200,000 closing price 1.68

Agree with speakup.When Q results are out and it is bad, it's not "sell on news", it's "buy on news" cos most selling done by then....

Must break convincingly with volume

Break resistance 1.75 and next level will be 1.88

0753 GMT [Dow Jones] MIDF Research upgrades its 2016 forecast on Brent crude oil prices to US$45 per barrel from US$40 per barrel previously, citing the steeper than expected rise in crude recently. "Despite the steep increase in crude oil price, we do not believe that offshore activity contract values, charter rates or fabrication rates will reach that of 2011-14 levels when crude oil prices were hovering above US$100 per barrel," MIDF says in a note on Wednesday. As such, oil and gas services providers that are good at managing operating costs will prevail. MIDF says companies which show improvement in managing operating costs in the midst of declining revenue are SapuraKencana Petroleum (5218.KU), Gas Malaysia (5209.KU), Petronas Gas (6033.KU), Deleum (5132.KU) and KNM Group (7164.KU). MIDF stays positive on Malaysia's refining sector and negative on its energy exploration sector. (yantoultra.ngui@wsj.com; Twitter: @yantoultra)

Editor JSM




(END) Dow Jones Newswires

June 08, 2016 03:53 ET (07:53 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

0753 GMT [Dow Jones] MIDF Research upgrades its 2016 forecast on Brent crude oil prices to US$45 per barrel from US$40 per barrel previously, citing the steeper than expected rise in crude recently. "Despite the steep increase in crude oil price, we do not believe that offshore activity contract values, charter rates or fabrication rates will reach that of 2011-14 levels when crude oil prices were hovering above US$100 per barrel," MIDF says in a note on Wednesday. As such, oil and gas services providers that are good at managing operating costs will prevail. MIDF says companies which show improvement in managing operating costs in the midst of declining revenue are SapuraKencana Petroleum (5218.KU), Gas Malaysia (5209.KU), Petronas Gas (6033.KU), Deleum (5132.KU) and KNM Group (7164.KU). MIDF stays positive on Malaysia's refining sector and negative on its energy exploration sector. (yantoultra.ngui@wsj.com; Twitter: @yantoultra)

Editor JSM




(END) Dow Jones Newswires

June 08, 2016 03:53 ET (07:53 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

Oil hits 2016 high on ebbing supply, softer dollar
Published by The Edge at 2016-06-07 19:49:49

LONDON (June 7): Oil prices hit their highest in eight months on Tuesday, buoyed by the dollar nearing one-month lows and by falling Nigerian oil output after a spate of attacks on infrastructure.

Brent crude futures were up 67 cents on the day at US$51.22 a barrel by 1135 GMT, having hit an intraday peak of US$51.29 earlier in the day, their highest since October.

US crude oil futures rose 60 cents to US$50.29 a barrel, having touched a fresh 2016 peak of US$50.37, their highest since October last year.

"With Brent staying above US$50, oil is on an upward momentum with the restart of French refineries that were shut on strikes and pipeline attacks in Nigeria," said Kaname Gokon at brokerage Okato Shoji in Tokyo.

Preliminary work got under way on Monday to restart three of Total's French oil refineries, stopped as part of nationwide strikes.

Crude futures have nearly doubled since January when they hit their lowest since late 2003 buoyed by supply outages in Canada, Venezuela, Libya and Nigeria.

Nigeria's Bonny Light crude output is down by an estimated 170,000 barrels per day (bpd) following attacks on pipeline infrastructure, according to one source.

OPEC failed to agree on a clear oil output strategy last week, but traders said Saudi Arabia's promise not to flood the market has provided support to oil.

Oil, along with the rest of the commodities complex, has also been supported by a weaker dollar.

Federal Reserve Chair Janet Yellen has indicated the US central bank will raise interest rates, but has not given a sense of when.

US commercial crude oil inventories likely fell by 3.5 million barrels last week, marking a third straight weekly drop, a preliminary Reuters poll showed. The data by the American Petroleum Institute is due out at 2030 GMT.

Oil also received support after market intelligence firm Genscape reported a drawdown of 1.08 million barrels at the Cushing, Oklahoma, delivery point for WTI crude futures last week.

But this support may prove fleeting.

The market is braced for signs of recovering US oil production after weekly data from Baker Hughes showed that US drillers added rigs for only the second time this year, analysts said.

"Oil prices at US$50 a barrel could revive shale drilling activity and stabilise declining US oil production, possibly already harbingered by the recent uptick in rig counts," said Norbert Rücker, head of commodities research at Julius Baer.



Source: http://www.theedgemarkets.com/my/article/oil-hits-2016-high-ebbing-supply-softer-dollar

Next resistance levels... 1.74 1.88 ... big boys yet to come.... should break easily

RHB commentary

Bulletins
COMPANY
NEWS
COMMENT
RATING
SapuraKencana Petroleum (SAKP MK)
SapuraKencana Petroleum announced that it has made a significant gas discovery within block SK408 production sharing contract (PSC) area, offshore Sarawak. The multitrillion cubic feet (Tcf) gas discovery would add more gas to SapuraKencana’s energy portfolio.
We understand that the wells are close to the liquefied natural gas (LNG) production facility in Bintulu, Sarawak. The proximity of the LNG facility would enable the commercialisation of the wells to happen much faster. We are awaiting clarification from SapuraKencana on the lifting schedule from this well.
BUY, TP:MYR2.42

Chart is trader's best friend, listen to too much news very susahful............

Hammer-bullish reversal signal, oversold territory.... let's see the closing

Date Open Price Target Price Upside/Downside Price Call Source News
16/05/2016 1.59 1.65 +0.06 (3.77%) HOLD KENANGA
16/05/2016 1.59 1.67 +0.08 (5.03%) HOLD HLG
05/05/2016 1.60 2.00 +0.40 (25.00%) BUY MAYBANK
28/04/2016 1.63 1.93 +0.30 (18.40%) HOLD KENANGA
28/03/2016 1.89 1.88 -0.01 (0.53%) SELL TA
28/03/2016 1.89 2.42 +0.53 (28.04%) BUY RHB-OSK
28/03/2016 1.89 2.72 +0.83 (43.92%) BUY MIDF
28/03/2016 1.89 1.93 +0.04 (2.12%) HOLD KENANGA
28/03/2016 1.89 2.75 +0.86 (45.50%) BUY JF APEX
28/03/2016 1.89 1.81 -0.08 (4.23%) SELL HLG
SO MANY EXPERT OPINIONS, WHO TO BELIEVE ?

10-05-2016 EPF Acquired 2,600,000

Bloomberg - Oil Price Rises to a Six-Month High http://bloom.bg/1ZUOmnd

LATEST NEWS, CORPORATE
FROM THE EDGE, TOP STORIES
Highlight
Plantation and O&G, bright spots of stock market? http://www.theedgemarkets.com/en/node/279161

https://www.dailyfx.com/forex/technical/home/analysis/usoil/2016/05/11/WTI-Crude-Oil-Price-Forecast-Stock-Drop-Makes-Oil-Go-Pop.html

Next resistance levels 1.66. 1.74