Oil is not an infinite item where you can grow on trees. Thus, me opine, the price will rebounce.. eventually. Its just a matter of timing, holding power and patience..

Well said.. and yes.. oil is not infinite.. not something you can grow back on trees. Its just a matter of timing and the ability to hold the beaten down O&G counters. Thats why the riches will get richer.. coz they know and went thru this cycle again and again..

Of course mililia. Note that this is a fundamentally sound company.. not one of those gorenged counters. However, it has been on a downtrend for quite a while and panic selling occured. Do monitor and with good timing.. this counter will rise again. Its just a matter of when and when it does.. you shall be handsomely rewarded.

With no support whatsoever, and price continuously ended red, looks like my TP of 0.90 is getting nearer to become a reality.. prolly next week. Trade with xtra care, heed my advices and make your own sound decision ya..

Today Perdana continues to drop.. to 1.05. I hope by this time I have managed to help many folks holding this share to take profit or cut loss before it drop further and further. There has been no support whatsoever.. so its probable for the price to worsen even faster to its 52 weeks low. Best regards.

Another problem is the management. They should at least come out and say something to assure people that the business is still viable etc after seeing the price already dropped continuously into 4 weeks low. But so far nothing.. their lips are all sealed. I observed that many responsible managers in other established companies will say or announce something when similar scenario happened to protect their shareholders.

Remember, whatever I said.. its only my opinion. Observe, monitor and buy/sell based on your own decision. Like I said earlier.. stock market is almost like gambling. I do hope yer all make profit.. maybe later? Maybe some parties causing the panic selling.. who knows, right? But usually dont take this long.. bcoz accumulations by many parties at low prices will make the counter very hard to go up due to profit takings..

Technical Analysis.. based on daily trades, volume, momentum, chart etc.. :)

Sorry derrtan.. I wish I can help but I look more on TA b'coz many of my friends loss money in this counter. Everyone knows the drop in oil prices.. but the continued drop in this counter for the past weeks has been.. yes.. a bit strange.. compared to other O&G counters.. as if a severe news going to announced soon.. (insider news?)

Thank mililia. Do remember. I just trying to help with my opinions and experiences. No punts intended. Gudluck! :)

And now trading at 1.07.. and going lower.. with no support whatsoever. Any more comments to add?

Yes I am and just trying to help. When a counter is on a downward trend, dont hope and hold. Just cut loss, then identify some uptrending counters and recover the losses. If continue to hold.. means the loss will be larger and larger. Remember.. can always buy back later. Learn to let go and never hope or fall in love in a counter. Note that our share market is almost like gambling.. but "halal".. lol.. and fundamentals are already history.

Ferisc.. cant even sell @1.10.. why want to enter at that point? Better 1.09 or lower.. right?

Note that with this sliding down price, its normal for all the research houses to come up with new TPs and SELL calls. Just think about it and the consequence..

Even with good market sentiments today, Perdana cant even go up 1 sen. The selling queues are huge and looks like it will close red and continue its downward trend. My advise.. based on TA and reality, better leave now and recover losses, if any, in many other counters. Later when its price drop to 1.00 or below, then maybe can consider riding the boat again.

As I opined before, let this counter go. Its O&G and trending down.. hopeless. There are so many other potential counters to trade out there. Dont be stressed out.. gudluck.

Kenanga's TP hit on the dot today.. kudos!

Me too.. dont understand.. what conversion? Tot all are cash warrants except for one WA which is not due yet. Today down further 3 sen.

Ifca used to be called gorenged counter. Now no more already.. all O&G players cut loss and come to buy and support Ifca. Thats why whether KLSE red or green.. Ifca still up up up.. congrats! :D

"KUB is on track to carry out the proposed RM1.23 billion inter-city rail transit system project in Iskandar Malaysia in partnership with Malaysia Steel Works (KL) Bhd." Is it a confirmed or just a proposal?

There have been many proposals and agreements that have been eventually cancelled in Bursa. Many people got trapped with no way to escape but with substantial loss in hard-earned cash. Is this a trend in our Bursa nowadays? Hmm..

Mililia.. I AM looking at the long term. Its better to take profit or cut loss now rather than losing a lot of the hard-earned cash later. Better invest in other counters where profits can be made and recover back the losses made in this downward trend counter, if any. In other words, its better to make the correct judgement now and leave the boat or suffer and sink later..

Based on the chart, low support volume and poor world oil price performance, expect a TP of about 0.90 by end of this week or next week..

Hmm.. looks like no more hope for this counter. Everyday drop even with any support whatsoever. Take profit or cut loss if you can. Brace for worse and gudluck everyone. More selling in the making..

Fortunately still have accumulation despite heavy sell queue (above 8k lots) at certain price for the past 3 days.. if not the counter will be worse. Whether next week onwards can sustain.. unsure.. to be seen.

• I dont believe what they said as mentioned in thestar. These kind of statements happened many times before. Its called "psychological calmness".

Just cut loss or take profit and buy back at lower price. See.. very easy measy laa.. :)

It flew up from 0.48 within a month.. so there may be room for further downfall due to profit takings too. Goodluck everyone.

Ask yourself laa.. if you are the director, will you leave your company and sell your shares before a "good" financial results (which of course you already know) be announced? Furthermore, SELL call and lower 2.20 TP by RHB-OSK, today.

• Just avoid rubbish stocks laa.. dont be greedy. Its either you make some money if you're lucky or can make you very frustrated causing minds to think that flying down from a 10th floor is fun.. :D

Hmm.. stagnant.. and looks like its gonna be turtlish with low volume for some time..

• It managed to up 400% within a month.. nice job!!!

• Latest TP price 45 sen only.. ouch :(

Kenanga's TP @0.78 only.. careful and gudluck everyone..

Resistances @1.22/1.23 absorbed/broken.. well done! Next to break @1.25 :)

Wish all of us the best.. :)

Paperplane maybe right.. no biz but overheads still need to be paid. Its normal for a price to be pushed up so that "certain" parties can dispose.. and later many peeps will give curses. Just me 2 sen lah ya..

Trying hard to break the persistent resistances @1.22/1.23 for the past few days.. hope successful soon.. coz its getting tired and lower volume..

I'm still holding.. but monitoring very carefully. Results are not consistent and P/E.. wow!

If petrobras junk.. habis laa Skpetro.. huge contracts there.. ouch :(

Thanks for sharing. It means the proposed 10sen + 2sen dividends may be cancelled.. during the upcoming AGM.. ouch.

The chart looks good now.. but its hard to predict the future. Gudluck everyone..

.. unfortunately.. Kenanga gave a negative TP on Perdana.. that may pose a problem for it to trend upward.. even when its price is already quite low. Hope it can break the very persistence resistance @1.22 today..

All BUY calls from Public Bank, Maybank, Hong Leong and Cimb..

Its trending down. Time to take profit/cut loss and buy later when the price stabilise?

Derrtan.. it depends whether you look at just a quarter or the whole financial year. Its current price is only about half of what it used to hover a year ago and quite a low P/E..

EPS also increased almost 40%..

http://www.klse.my/financial/quarterResult/YoY/annualResultUnaudited/7108/31-Dec-2014.jsp

Revenue and profit for 2014 increased more than 25% and 42% respectively compared to the previous year.. while NTA increased by 15%. Not bad..

Noticed Jayawin gave negative comments everywhere else and many of the counters on the uptrend already..

Jayawin's comment was similiar to those comments on Skpetro when its price was hovering close towards 2.00 a few weeks ago..

Pls dont get me wrong.. I'm still on board. I just asked bcoz I received the msg via whatsapp yesterday.. quite surprised really.. not the normal rates (BUY/SELL/HOLD) but AVOID.. lol