@7210 oic. Tq2

@7210 what do u mean by uncharted territory?

I dont understand the recent changes in interest of the subs shareholder. What is happening actually? Frontken volume has shrunk for the past few months. Now its price has soared. Am i missing somethings? I still hold frontken at 43c because i believe this is a growth company. But what kept the price rising in just a few weeks without any announcement like new projects etc2. Can anyone care to share?

What actually causing many interest in this stock recently?

@burdoc maybe the news on build up of the case, not necessary the overall outcome of the case could affect the price. It could also be affected by the case progress results from stage to stage which then lead to speculation.

Whats new? Sudden panic lol

Tomorrow could trade between 7.5-8.0

@smallbaby88 buy at your own risk. Dont limit your potential to speculator. I would suggest to keep sap for a long run. But can u hold it if its drop, my risk tolerance and yours are different.

@afifi true. Lazy homework from rhb

No WD40. Oil price is volatile, investors dont react to 1-3 days oil price movement. Like zety said, volatility is expected in the near term which means price swing will be high until investors and traders alike find their feet on the ground. Discretely we can see that today sentiment might be affected by the overnight US T-bond yield briefly tops 3.09%. Which sees its highest since 2011, indicating the economy still has enough momentum to grow at a steady pace. Investors anticipating the US fed to raise rates at its june meeting, further increase in rates cause ff to flow back to US. Meanwhile US-china tradewar reports told that both parties werent close enough to resolve the trade war. In additional, another overnight news sees kim jong un threatened trump to cancel singapore planned summit. It was said that n.korea has suspended talks with s.korea because of the joint military drill conducted by s.korea and US.

@WD40 preclose only transacts the last done at 81.5c

Tomorrow morning up again some more. Downside risk limited. More contracts to announce, oil price uptrend, mokhzani buy, cautious trade on GE already over..FF inflows tomorrow will take place

Previous GLC will be on selloff. Newly formed gomen will surge

Pre open greennnn

Spread fear because want to collect at low. Typical speculator. lol. Only down is Previous GLC stocks

@jaya i am actually replying on @bull post regarding the upside limited

Yes @halite thats what i meant. I was talking to those speculators who very kecoh like all stocks have the same game. If want to goreng can go to pennystock

Fundamentally limited downside risk. Technically still negative. But for a long term, the price is quite a bargain plus additional dividend. If u want to daytrade or swing, u are welcome to speculate on pennystock

Is this a personal portfolio forum? Lol..can i tell mine even though it is not true?

@richinv may i know how do u value rm1.20 if bn win and rm1.60 if ph win? Without fa research? That is just pure speculation. Likewise the one mentioning this stock will drop because he say so, without any detailed and factual explanation.

Very funny. Later delete the post. Funny forum la this sap. My father got 20mil la, i make profit from it more than 100% la, brag this la that la. U all can sell la...what sort of discussion. U talk technical, i talk fundamental, we exchange opinion, simple as that.

Gap up

Rr88 post has gone?

Technically rr88 is right, but fundamental hasnt change yet. Different player different game played. Why cant we discuss professionally instead of provoking here and there.

Orderbook assumption around 5bil fy19fe, earlier had won 5 contracts worth 0.9bil. Hopefully more will come

Foreign inflows lose momentum as US treasury bond hits 3%. Buy when fear, but when downside risk is limited

Broader market stunned by US 10-years treasury note.

But will it affect sap in a long run? Or just a short term? Maybe we can leverage the downside risk with the prospect of oil price increasing. So many other factors too have to be included. Thats why u dont ask what price u can enter. Your entry depends on how u assess the stock and market

@evonne5522 surely nobody knows the exact number it will go up or down, we see it in range with margin of safety. But rest assured as long as u know the risk u are dealing with, u could possibly minimize your risk. *Red sea today was mainly due to the US 10-Year treasury bond hit its high to 3% since 2014 amid increase in oil price.

Can be true too. But that adversely affecting the tech stocks. Maybe the red sea starts from tech stocks selloff and cause other counters panic without knowing what starts the blood to spill all over the market i guess

Its just a pullback, soon it will move up again. When other is in fear, u buy. When others is in greed, u sell.

Profit taking, market is trading cautiously ahead of GE. Losers led gainers not only sapura. After GE everything will be back to normal hopefully.

I dont think it is necessary to tell people how much u buy or what price u buy even somehow u might not be telling the truth. This forum suppose to discuss about the prospect or downside risk of sap, now i see all forum regardless of counter with people brag this brag that. So unprofessional

Tq @mobuzz

@tradeshare what is meant by sailang buy? Does it means buy on best sell price?

Hahaha @lloveRX chill out

No doubt oil will rise again but at current pace due to geopolitical crisis, we will see some correction in few weeks. Correction is healthy for someone who doesnt know what it is.

@amet2017 meanwhile sapnrg are making recovery from its asset impairment, add new contracts and more upcoming to be announced. I fairly believe sapnrg bad is far behind, with technical show bullish engulfing form at the bottom around 40c which indicates bullish reversal. And golden cross soon will confirm its strength to upward momentum

@amet2017 petronm is undervalued. It will pick up soon if get enough attention. It doesnt mean petronm wont make return on equity in a long run, just hold and believe

I think will hover between 70c-78c until either good news or after GE it will go up

My opinion is its in an uptrend. Its recovering especially when oil price is up which helps offsetting previous asset impairment. The stalled might due to GE election cautios sentiment all over bursa, if it gets lower, collect more. After GE many counters will up and sap only in a matter of time

Depends on how u value the shit hole :D

Maybe need to fund election

@waynetew if sapnrg listing e

@derrtan short sell have to use another type of acc

Fibo from 9 jan 18 100%(100c), 78.6% (87.3c), 61.8%(77.3c), 50%(70.3c). It may test again 70c and fly again to 87.3c

@dompeilee not even engulf

In late March, the price of crude oil climbed to a fresh high of US$70.45 per barrel, the highest level since January 2018, on rising geopolitical risks following key appointments in US President Donald Trump's administration.

Trump has appointed John Bolton as the US national security adviser, Mike Pompeo as US secretary of state, and Gina Haspel as chief of the US intelligence agency, the Central Intelligence Agency — all of whom are considered to be Iran and North Korean hawks.

"We note that Iran currently exports two million barrels per day (mpbd) out of 3.8 mbpd in production. During the last round of sanctions, Iran was shut out of European markets and able to export only to Asia, at one mbpd.

"Any unilateral US sanctions against Iran could potentially disrupt around 250-500 thousand barrels per day (kbpd) of global oil supply, in our view," said RHB Research.

Incoming facilities’ capacity additions from the Middle East and the Petrochemical Integrated Development project at Pengerang, Johor, as well as capacity expansions are largely in the years beyond 2020 and therefore, product spreads should be intact over the next two years, said the research firm.

Globally, RHB Research has maintained its forecast for Brent oil prices at US$64 per barrel in 2018, which is higher by 16% year-on-year from US$54.80 per barrel last year, as well as US$60 per barrel for 2019 and 2020.

"We have assumed that OPEC and non-OPEC countries would maintain their 1.8 million barrels per day cut throughout 2018. For 2019 and beyond, there is still uncertainty on the extension of the production cut in addition to continued growth in US shale oil production," it added.

US shale oil production growth is not expected to lose steam in the foreseeable future, as advancements in fracking technology have brought down production costs to be viable at current levels.

Meanwhile, RHB Research said offsetting factors included escalating geopolitical tensions, rising demand from continued global economic growth, and the uncertainty of supply from Venezuela.

The research firm pointed out that demand for upstream service assets is likely to be stronger, although some players would still be in the red.

Post the RM4 billion maintenance, construction and modification contract award by Petronas, RHB Research believed there were more to be awarded for the 11 other production-sharing contracts (PSCs) under this umbrella maintenance deal.

"This is because it has been close to four years since the previous cycle. We are also positive on some upstream services players, especially Sapura Energy, on the grounds of more contract awards anticipated in 2018 as Petronas and other PSCs ramp up their capital expenditure spends gradually.

"Locally, we believe more gas production projects would be sanctioned vis-à-vis oil projects, on the back of more stable gas prices," it said.

RHB Research has maintained its “overweight” call on the sector, saying some O&G players are expected to record profits from losses on higher work orders, while others are likely to see lower losses year-on-year on increased assets utilisation despite lower charter rates.

It said Petrochemical spreads are also expected to remain strong in 2018 on the back of sustained turnaround activities for facilities in the region.