http://www.theedgemarkets.com/my/article/sapurakencana-3q-net-profit-22-year-rm158m

http://www.thestar.com.my/business/business-news/2016/12/08/higher-q3-earnings-for-sapurakencana/

Next year when Gas start.....even better. Now Japan buying GAS

Very good Q3'16 result - Profit RM158,059,000.00.
Net assets per share attributable RM2.12

http://www.thestar.com.my/business/business-news/2016/12/08/petronas-signs-lng-deal-with-japans-hokuriku/

Please sell all 0.20 to me. Waiting

CUTLOST.......if u have no confident with ALAM,
Sell all to me and stop looking and writing at this page.
Have confident may not 100% win.
No Confident sure lose.

http://www.thestar.com.my/business/business-news/2016/12/03/eye-on-stock-icon-offshore/

(Icon; Code: 5255) never had it easy shortly after its maiden listing on the Main Market under the trading/services sector on June 25, 2014.

The shares debuted at RM2.10 against an initial public offer (IPO) of RM1.85 and rallied to a high of RM2.19 on the same day.
Soon, prices reversed trend in the wake of selling, pulling Icon below its IPO price for the first time on July 9, 2014.

Thereafter, Icon was on the downward spiral on persistent liquidation pressure, touching an all-time low of 25 sen.

Since finding a shelter on Aug 25, 2015, this stock traded range-bound on consolidation, viewed as base building process.

Based on the daily chart, nothing has changed. Although Icon appears to have found the bottom, it is still trapped inside the relatively wide “rectangular box” on extended correction process and continuing to construct a solid platform for recovery.

But with crude oil prices spiking on renewed buying after Organisation of the Petroleum Exporting Countries (Opec) reached a deal to limit output, Icon, which is an oil and gas-related counter, may firm in the short-term, riding on the strength of the black commodity.

Initial resistance is anticipated at the 40 sen mark. A decisive breakout of the upper heavy barrier of 45.5 sen will signal a bullish turnaround and investors are advised to look out for that.

Alam only loss 2 millions should be consider very good.
Compare to Bumi Armada, UMWOG & KNM which loss a lot of $$$

NTA (Net Tangible Assets) = RM0.93
4 times below value. - Can make 400% profit if go up to RM0.93
Next year if Petronas increase back the charter rate. ALAM should go back to Profit.

yet got so many people bought so much volumes.
3 persons games. A pass to B, B pass to C. C pass back to A. round and round.
Then the shares can only go up.

Yesterday I bought 0.19......This morning sold at 0.22.
Now bought back at 0.205

Need to eat all 0.21 can only go higher.

Today highest volume done.
3 million share change hand at 0.205 after lunch.
This time could be real ?

Don't sell.
if you sell now you can never buy back at this low price.

Don't sell.
f you sell now you can never buy back at this low price.

http://www.theedgemarkets.com/my/article/og-sentiment-could-recover-2h17-says-ocbc

SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

“Currently, many companies are now trading at about 0.5x book or lower, with a few exceptions,” says OCBC lead analyst Low Pei Han in a Wednesday report.

The challenge now, Low says, is in “picking companies with the ability to ride the downturn” and “identifying the inflection point in which a sustainable recovery would begin”.

http://www.theedgemarkets.com/my/article/og-sentiment-could-recover-2h17-says-ocbc

SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.

“Currently, many companies are now trading at about 0.5x book or lower, with a few exceptions,” says OCBC lead analyst Low Pei Han in a Wednesday report.

The challenge now, Low says, is in “picking companies with the ability to ride the downturn” and “identifying the inflection point in which a sustainable recovery would begin”.

http://www.thestar.com.my/business/business-news/2016/11/30/wah-seong-earnings-fall-below-expectations/

KUALA LUMPUR: Maybank Investment Bank Research said Wah Seong Corp Bhd’s third quarter financial results ended Sept 30 came in below its estimates/consensus, on higher associates’ losses.
The research house said downward earnings revisions aside, the investment angle to Wah Seong was the execution of its Nord Stream 2 (NS2) contract.
It added that Wah valuations was inexpensive. It has maintained a “buy” call on Wah Seong with a target price of RM1.08, based on 10x PER, as we roll over valuations to 2018.

In a filing with Bursa Malaysia today, Perisai said its net loss for 9MFY16 was mainly due to provisions for impairment on investment in joint ventures (JVs) of RM89.32 million, plant and equipment (RM92 million), and prepayment — RM23.8 million at consolidated level and RM54 million at JV level.

The group will remain cautious on its capital and cost management. Operational efficiency of the operating assets is expected to be maintained while pursuing various opportunities with respect to the Rubicone, Enterprise 3 and drilling rig," it added.

Steveooikp.........When is the Aramco billions contract ?
Where u get the news ?

http://www.theedgemarkets.com/my/article/barakah-returns-black-3q-cost-reduction-exercise

Cheap....undervalue stock. Should accumulate more.

Good company, Good result but no support ? Why ?

I feel Alam over sold.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5273445

NTA : RM0.6079
Current Price : RM0.32 - Half Price

http://www.thestar.com.my/business/business-news/2016/11/28/third-quarter-net-profit-improves/

Barakah third-quarter net profit rebounds to RM1.97mil on cost-cutting exercise
Monday, 28 November 2016 | MYT 3:09 PM

KUALA LUMPUR: Barakah Offshore Petroleum Bhd has chalked up a net profit of RM1.97mil for the third quarter financial year ended Sept 30, 2016, compared with a net loss of RM15.4mil a year ago from cost reduction exercise that was implemented since the beginning of the current financial year.

During the quarter under review, revenue was higher at RM167.2mil against RM110.9mil in the previous corresponding quarter. Earnings per share stood at 0.24sen as opposed to a loss of 1.92 sen per share.

Coming

Don't think, just buy

Barakah cash rich

Fixed Deposit : RM110,542,000.00
Cash in Hand : RM34,941,000.00

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5271745

Very good Q3'16 result

This was due to losses suffered by associates, jointly controlled entities and unrealised foreign exchange losses, the group said in a filing with Bursa Malaysia today.

Alam loss more than 2 Millions. No as bad as Bumi Armada.
Result not so good but consider not so bad due to low oil price.
Hope oil price recover after OPEC meeting.

http://www.thestar.com.my/business/business-news/2016/11/25/singapore-readies-up-to-s$1pt6bil-in-loans-for-oil-and-gas-linked-firms/

If not because of Swiber issues, ALAM share should stay at 0.30 and above.
More buyer now.
Hopefully Q3'16 result stay profit.

http://www.theedgemarkets.com/my/article/perisai-active-jumps-833-despite-declaring-itself-insolvent

"Upon receipt and review of the proposed scheme, CDRC will call for a meeting with the (company's) lenders to deliberate on the proposed scheme.

"Simultaneous with the company's admission to CDRC, letters to all of the company's lenders have been issued by CDRC requesting the lenders to observe an informal standstill and to withhold litigation proceedings against the company with immediate effect," it added.

Perisai was responding to last Sunday's news article by splash247, which stated the company has got some breathing room from creditors thanks to the help of the government through CDRC.

http://www.theedgemarkets.com/my/article/ezion%E2%80%99s-offer-buy-swissco-distressed-assets-and-take-over-debts-seen-positive

One thing for sure ALAM cannot close down. Not like Perisai.
Oil up ALAM slowly up.....hopefully next year.
NTA : RM0.94

http://www.thestar.com.my/business/business-news/2016/11/17/analysts-have-mixed-views-on-petronas/

As new round of contract awards from Petronas such as Pan Malaysia T&I contract and topside maintenance job are likely to materialise in the near term, companies such as SapuraKencana Petroleum Bhd, Dayang Enterprise Holdings Bhd and Barakah Offshore Petroleum Bhd are projected to be the potential beneficiaries.

Jolin Lai.........Can I trust u ?
If Alam can hit limit up soon.......I buy u good and expensive lunch and Dinner.

Trump may apply sanctions to IRAN again. Then oil price will go up.

Triump may apply sanctions to IRAN again. Then oil price will go up.

Trump may apply sanctions to IRAN again. Then oil price will go up.

http://www.theedgemarkets.com/my/article/sapurakencana-mhb-likely-beneficiaries-if-k5-project-proceeds

KUALA LUMPUR: SapuraKencana Petroleum Bhd and Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) are among the local oil and gas (O&G) players that analysts feel will benefit if Petroliam Nasional Bhd (Petronas) proceeds with the construction of a mobile offshore production unit (Mopu) for its K5 sour gas project off Sarawak.

“It would make sense for the players with fabrication expertise such as SapuraKencana and MHB to benefit from this. Meanwhile, if they decide to go for a Mopu lease contract, then MISC Bhd or Bumi Armada Bhd may benefit,” opined one bank-backed analyst.

No Contra player please.
Contra player under force selling

EPF selling
Bosses buying more and more......good sign.
NTA : RM1.40......hopefully go private

Oversold price.
Net tangiable asset = RM0.94.
NTA 3.76 time more than current price.

Q3'16 result should be out soon.
Buyer getting more after lunch.
No sure result good or bad.

Alam and Swiber is 2 difference company.
Just happen they share a same project. And Swiber got problem.
But Alam has no problem.

http://www.thestar.com.my/business/business-news/2016/11/01/oil-prices-rise-from-one-month-lows-after-opec-approves-strategy/

The projects between Swiber and Alam is 50 /50%
Alam said if Swiber cannot take the projects, Alam will take 100% of the project.

http://iconoffshore.listedcompany.com/misc/presentation_InvestorDeckQ216.pdf

Read this.