We don't want WAR but cut down on OPEC oil supply will do.

If without the impairment of RM539.9 mil, SKPetro profit increase of RM74.3 mil or 14.1%

The oil and gas services heavyweight reported on Tuesday the weaker earnings were due to provision for impairment on oil and gas properties totalling RM539.9mil.

“Excluding provision for impairment on O&G properties of RM539.9mil in the current quarter, the group recorded profit before taxation of RM601.0mil, being an increase of RM74.3mil or 14.1% against RM526.7mil a year ago,” it said.

SKPetro said profit before taxation of RM61.1mil, which was RM465.6mil or 88.4% lower compared to RM526.7mil in the second quarter a year ago.

Its revenue rose 4% to RM2.80bil from RM2.69bil. Earnings per share were 1.74 sen compared with 7.44 sen.

With current low oil price, SKpetro can still make profit can consider very good.
NTA = RM2.11

Don't know Wah Seong boss playing what, always buy 100, sell 100 shares ?
Share buy back and EPF also can push up the price.

Good luck....we need more good news and more contracts announcement.

Only WAR in Middle East can push oil price up to US$80.00.

Weng77......What is the amount of Thailand award and when is the announcement ?

Maybe from GST

Based on recent transactions, look like some big investors or syndicate is slowing collecting ALAM shares.

ICON is one of the government Value Cap stocks.....Company partly own by Government ?

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.

Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.

He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.

The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.

http://www.theedgemarkets.com/my/article/malaysias-najib-delivers-rm20b-boost-stock-market

Buy low...sell high.
Buy during bad time like now......Sell during good time when oil price go up.

Need to break RM0.50.
Then RM0.60

This Chinese New year eve hit the highest price. RM0.80.....all oil stocks record high, after that down all the way.

I think we have to wait until next year Chinese New Year......can go back to RM0.80 or even higher.

Thanks you ALAM
I've bought a lot during black Monday at below 0.40.
Early this week bought some 0.45....today some at 0.46

KK123...if u don't like your ALAM, please sell to me now...... I am waiting for u at 0.455

Every tree, there a some dry branches , we need to let all those dry branches drop.
Then with the remaining good branches, then the tree can grow taller.
Same like ALAM, RM0.455 is the testing point before go up higher.

Showing very good support at current level even oil price go down.
Just waiting for oil price to go up again.

Some say the want to stable the price to US$60 this year.
Next year US$80......That is what OPEC Saudi Arabia say.

Agree to changccs87. Alam have bottoming out. Should buy now for long term.
Very good support at 0.45 this morning.
I've bought some recently during black Monday last week at 0.385.....no plan to sell, will keep until next year.....will continue to buying at 0.45.

Petronas is producing more oil then last year....same like OPEC
As long as Petronas contunue producing oil....support group got job.

When oil price is low, Alam can still make good profit.....CASH RICH company.

If oil price back to US$60 or $70 a barrel.
Alam can go back to RM0.70
Compare to NTA RM0.92....now is less than half price.
So buy now for long term investment.

Q2'15 Company still making good profit even with low oil price. Undervalue stock.

NTA (Net tangible Asset) = RM0.92
Retained profits - RM455,620,000.00
Cash in Bank - RM173,430,000.00
2 quarter Earning Per Share (EPS) - 4.6 sens.

An interest rate hike by the US Federal Reserve augurs well for Malaysia’s economy, according to Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz

events@chartnexus.com

Good time to buy good stocks at low price

Good time to buy good stocks at low price

events@chartnexus.com

events@chartnexus.com

Good time to buy good stocks at low price

Good time to buy good stocks at low price

events@chartnexus.com

events@chartnexus.com

Good time to buy good stocks at low price

events@chartnexus.com

Good time to buy good stocks at low price

If u all think the price can drop to 0.33, then sell all now.
I AM WILLING TO BUY YOUR SHARES......Waiting for u.

Oversold

Q2'15 quarterly result soon. So just wait.

Petronas is like OPEC, producing more oil than last year.
Support group like ALAM, ICON & PERISAI is getting more jobs than last year.

If u really know Barakah back ground....u will know that this is a good company.
Barakah got a lot of contract on hand.

PETALING JAYA: Wah Seong Corp Bhd has clinched an RM189mil job for the supply and delivery of coated steel pipe piles for the Pengerang Deepwater Petroleum Terminal project in Johor.

The sub-contract was awarded to its subsidiaries, PPI Industries Sdn Bhd and Petro-Pipe (Sabah) Sdn Bhd, by Penta-Ocean Construction Co Ltd, it said in a filing with Bursa Malaysia yesterday.

“The sub-contract involves the manufacture and delivery of coated steel pipe piles.

“The risks are the normal operational risks associated with the manufacturing, coating and delivery of steel pipe which is one of the core business of the group.

“The sub-contract is expected to be completed by the third quarter of 2016,” it said.

Wah Seong said it was expected to contribute positively to the earnings of the group over the sub-contract period.

Wah Seong said none of the directors, major shareholders and/or persons connected to them have any interest, direct or indirect, in the contract.

The main contract of the terminal project involves the procurement and construction contract for marine facilities (Jetty 2) and associated dredging with marine facilities and jetty.

http://www.thestar.com.my/Business/Business-News/2015/08/19/Wah-Seong-wins-RM189mil-subcontract/?style=biz

http://www.thestar.com.my/Business/Business-News/2015/08/18/Output-unaffected/?style=biz