It's about time. The company will bring us good results today

@ccpool. You buy for short-term (trade) or long-term (invest) ?

SSB8 could potentially test the first resistance at RM0.590 and subsequently at RM0.655, according to Mercury Securities 😊

Both are good in my eyes 😄

Counter here is very peaceful and people here are nice 😊

Net profit hits historical high !!

Tap in while SSB8 is pulling back. It might shoot up when q4 results are out 🙂

Armada is not a JJPTR, JJPTR 😆

It's OK, good to recall its robust order book

Bumi Armada is expected to register a core net profit increase in the second quarter of its financial year ended June 30, 2024 (2Q24), spurred by improving income

It already breaks 60 cents lor just now. This counter is on bull run 📈

Is covid coming back ? https://www.cbsnews.com/video/covid-cases-spike-as-new-variant-strain-spreads-us-world/

Good, Malaysia ranks second in digital adoption in construction industry

https://www.businesstoday.com.my/2024/08/08/malaysia-ranks-second-in-digital-adoption-in-construction-industry/

Mitrajaya wins RM152m construction contract !! https://theedgemalaysia.com/node/722266

After SSB8 breaks the resistance, we will see it reaching 60 cents and beyond again😊

The selloff in global oil markets on perceived bad economic news was overdone because demand remains strong, according to top crude exporter Saudi Aramco.

https://www.rigzone.com/news/wire/aramco_ceo_says_oil_demand_is_strong_recent_selloff_an_overreaction-06-aug-2024-177659-article/

Market sentiment turned positive today. Time for Southern Score to rebound

The sell-off is over and time for Armada to break 50 sen 😊

Slow but steady. It's a stable movement for the time being

Phillip Capital forecasts jump in Hartalega's 1QFY2025 net profit 🙆

https://theedgemalaysia.com/node/721241

Start rebounding. Aqil did make the right choice by swing trading in that price range

I expect Harta will make a net profit of between RM30 mil - 50 mil in upcoming quarter

That's why need to be greedy when others are fearful 😉

Hitting 60 cents by this month end

The Trump effect caused most stocks to pull back ...

MISC could take a substantial stake in Bumi Armada

https://theedgemalaysia.com/node/718246

Momentum slows down a bit ... but don't worry, it's still heading towards 0.70

In the United States, the world's largest oil producer and consumer, crude oil inventories fell by 4.4 million barrels in the week ended July 12 . Oil 🆙

https://www.thestar.com.my/business/business-news/2024/07/17/oil-prices-edge-up-on-us-inventories-but-china-caps-gains

The outlook for SSB8 remains bright due to its improved order book and active participation in tenders

Ya, because oilprices slipped on Tuesday on worries about a slowing Chinese economy crimping demand, Penarak ..https://www.thestar.com.my/business/business-news/2024/07/16/oil-prices-fall-on-lingering-chinese-demand-concerns

Strong order book, strong momentum is on the way

Oil theme still in play

OPEC on Wednesday stuck to its forecast for relatively strong growth in global oil demand in 2024, predicting robust fuel use in the summer months.

https://www.thestar.com.my/business/business-news/2024/07/12/aneka-jaringan-wins-rm53mil-logistics-hub-job

What a strong orderbook. I am sure SSB8 will continue to achieve excellent results in the next few quarters

This leak ? 😀 : Bumi Armada's largest substantial shareholders are billionaire businessman Tatparanandam Ananda Krishnan, who has a 34.58% stake; various funds under statecontrolled asset management outfit Permodalan Nasional Bhd, with a 13.25% stake; and privately held Saluran Abadi Sdn Bhd, the vehicle of Farah Suhanah Ahmad Sarji, with a 6.08% stake.

I grabbed some at 0.59 cents too. Let's huat huat together 😊

Weekly new COVID-19 cases hit highest level in 2024 😷
https://focustaiwan.tw/society/202407020022

The cheaper it gets, the more I will collect

Demand for gloves continues to rise
https://www.nbcnews.com/health/health-news/covid-cases-rise-cdc-panel-recommends-updated-vaccine-fall-rcna159349

grabbed some @ 61 cents just now. More cheaper than your ideal price, WongGK92. ha

waved down yesterday but waves up today !

wow, it really does show a rebound 😮 Engine starts again ?

Where is the downhill 🤔

Have the same thought as you, karigang but looking at the price movement, SSB8 is going up gradually and will break through 70 cents

He must have made a lot of money from YTL Power 😮

Mikecyc

Haha OTB promoted YTLpower at RM 1.10 ..

1 day ago

Google commits RM9.4bil for Google data centre and cloud region in Malaysia. Will SSB8 get part of the contract? 😀

https://www.thestar.com.my/business/business-news/2024/05/30/google-commits-rm94bil-for-google-data-centre-and-cloud-region-in-malaysia

Here's the analysis on Harta from Maybank 😃

https://www.thestar.com.my/business/business-news/2024/06/10/hartalega-poised-for-higher-earnings-on-rising-sales

Net profit increased QoQ due to lower cost of sales as a result of cost adjustment for Vista Harmoni Sentul Residences project.

Target price: RM3.30 BUY

US trade representative Katherine Tai released a list of proposed strategic sectors (up to 14) that will be subjected to tariff hikes (or new tariffs imposed for certain products) ranging from 25% to 100%. Notably, medical gloves are included with a proposed tariff hike to 25% from 7.5%, which will take effect in 2026.

While the new tariffs are expected to be effective from 2026, this may allow Chinese manufacturers to reconsider their expansion plans into overseas markets to circumvent the tariff hike. In our view, overseas expansions could make Chinese glove makers less cost competitive (as manufacturers in China use coal, a cheaper fuel than natural gas).

We raised our FY25F/FY26F earnings for Hartalega (KL:HARTA) by 3%, taking into account a higher USD/MYR exchange rate offset by a slight increase in key raw material costs. Post-earnings adjustment, our discounted cash flow-derived TP represents 33 times FY25 PER, above its pre-Covid-19 five-year mean of 27 times. Key risks include a decrease in gloves’ average selling price, slower-than-expected capacity expansion, lower-than-expected utilisation rate, and higher-than-expected raw material price.

Most of the construction counters experience a pullback today ... Wonder what is going on