was worth waiting for...syukur

next wa punye turn

0.51 broken already

Go, go, go, O&G


KUALA LUMPUR: Fund managers from around the region are upbeat on Malaysia’s oil and gas (O&G) sector, fuelled by Petronas’ record five-year capital expenditure of RM300bil as well as the political status quo following the recently concluded general elections, CIMB Research said.

Maintaining its Overweight call on the sector, it said the O&G stocks in its portfolio have outperformed the FBM KLCI by 28%, gaining an impressive 34% year-to-date on average.

It advised investors should stay invested and keep their eyes peeled for new developments in the sector.

According to CIMB Research, three salient points emerged from the series of meetings it held with 37 fund managers from KL, Singapore and Hong Kong.

They were 1) interest in small field development as it seen to allow service providers to go beyond their normal scope of work; 2) rising interest in downstream companies following PetDag's exciting share price run and massive downstream initiatives in Pengerang; and 3) offshore support vessel (OSV) companies are riding a renewed wave of interest on better vessel charter and utilisation rates.

It pointed out that OSV providers Alam and Perdana, have outpaced the benchmark index by an impressive 96% and 72% respectively, owing to improving vessel charter and utilisation rates.

“The area that stirred the most interest was marginal field development, following the award of three risk service contracts (RSC) to SapuraKencana, Dialog Group and Petra and their respective foreign partners, namely UK's Petrofac, Australia's Roc Oil and Thailand's Coastal Energy.

“Most fund managers agreed with us that marginal field development could be a game changer as it allows local service providers to move up the value chain and become developers and producers,” CIMB said.

It added that Petronas would soon be offering 10 marginal fields under its third licensing round for Risk Sharing Contracts (RSC), with many companies expected to vie for them, including international players. The upside in this swell-looking scene for local players, not withstanding the competition from abroad, is that foreign companies are required to partner Malaysian oilfield service companies to qualify for the RSCs.

Apart from SapuraKencana and Dialog, other local companies expected to join the fray in the RSCs include Bumi Armada, TH Heavy Engineering (formerly Ramunia), Sc Group, Daya Materials, and Hibiscus Petroleum, it added.

Meanwhile things are looking up for downstream players too. The government’s Economic Transformation Programme has provided a substantial boost to Malaysia’s oil, gas and energy sector, which grabbed 44% of the RM212bil investments committed so far. Notable players in this segment are Dialog and PetDag, it said.

The former, having secured the Pengerang and Balai projects, is also eyeing opportunities in construction and maintenance works at RAPID, a RM60bn refinery and petrochemical integrated development, also in Pengerang, Johor.

“We remain Overweight on the sector with our top picks in SapuraKencana among the big caps and Perisai among the small ones. Our stock ratings, earnings forecasts and target prices are intact,” CIMB said.

syukur di bulan pose

double top = two women on top lah !

tak puasa ker? hehe

what does double top means?

amin....syukur

http://www.btimes.com.my/Current_News/BTIMES/articles/speak14july/Article/


FOLLOW-THROUGH rebounds on the Wall Street and regional stock markets provided the momentum thrust in lifting Bursa Malaysia to rebound in tandem last week.

The Wall Street, Tokyo and Hong Kong stock markets posted gains of 2.17 per cent, 1.37 per cent and 2.03 per cent respectively for the week ended on Friday.

Technical rebounds on Bursa Malaysia moved in tandem with the performances on the Wall Street, Tokyo and Hong Kong stock markets.

The FTSE Bursa Malaysia KLCI (FBM KLCI) hit its intra-week low of 1,762.87 on Monday before hitting its intra-week high of 1,786.98 on Friday, giving an intra-week trading range of 24.11 points, when compared to the previous week's trading range of 11.46 points.

Continuing technical rebounds on the regional stock markets sent share prices on Bursa Malaysia to their higher closes last Friday.

The FBM KLCI stayed marginally above its support of 1,780 and registered a week-on-week gain of 13.38 points, or 0.75 per cent. It trended within an expanded trading range of 24.11 points.

Based on the performances of the FBM KLCI's 30 components, 18 index-linked counters posted gains while seven counters registered losses.

The FBM Small Cap Index added 9.27 points, or 0.06 per cent, to 15,117.05 level while the FBM ACE Market Index was 4.82 points, or 0.10 per cent lower, at 4,769.99 level.

TH Heavy Engineering Bhd staged a technical rebound last week. Its daily price trend rebounded to close at 84.5 sen on Friday.

Following are the readings of some of its technical indicators:

Moving Averages: its daily price trend stayed above its 10-, 20-, 30-, 50-, 100- and 200-day moving averages.

Momentum Index: Its short-term momentum index continued to stay above the support of its neutral reference line last week.

On Balance Volume (OBV): Its short-term OBV continued to stay above the support of its 10-day moving averages.

Relative Strength Index (RSI): Its 14-day RSI had since stayed above the 50 level. Its technical reading stood at the 68.09 per cent level.

Outlook

TH Heavy initiated a technical rebound when it trended step with the general market trend when it posted a week-on-week gain of six sen, or 7.64 per cent.

Its monthly price trend staged a technical breakout of its intermediate-term double-bottom pattern formation last week.

It continued to stay above its resistance-turned-support trendline last Friday.

Its weekly price trend staged a successful re-test of the support of the neckline of its intermediate-term double-bottom pattern formation (See TH Heavy's weekly price chart - B1:B2) and had since continued to stay above it.

Its daily price trend staged a technical breakout of its short-term downtrend (See TH Heavy's daily price trend - C1:C2).

It continued to stay above its short-term resistance-turned-support trendline on Friday.

TH Heavy's daily, weekly and monthly fast MACDs (moving average convergence divergence) continued to stay above their respective slow MACDs.

All the three-period fast and slow MACDs stayed above their neutral reference lines.

Its 14-day RSI stood at the 68.09 per cent level last Friday. Its 14-week and 14-month RSI were at the 72.51 per cent and 64.63 per cent levels respectively.

Viewing from the perspectives of the technical breakout of the short-term neckline resistance (C1:C2) on its daily price chart,

TH Heavy's price trend is now poised to move towards its intermediate-term resistance zone (90 sen-RM1.10 levels).

The subject expressed above is based purely on technical analysis and opinions of the writer. It is not a solicitation to buy or sel

Read more: TH Heavy poised to test intermediate resistance http://www.btimes.com.my/Current_News/BTIMES/articles/speak14july/Article/#ixzz2Z6reYVka

http://uk.finance.yahoo.com/news/malaysia-press-th-heavy-engineering-233757989.html

TH Heavy Engineering Bhd (THHE) is understood to be looking to reactivate its oil and gas (O&G) crane manufacturing licence and has been in talks with state controlled oil major Petroliam Nasional Bhd (Petronas) to facilitate this, industry sources say.
O&G Works Sdn Bhd, which is a wholly owned subsidiary of THHE, had an offshore and marine crane manufacturing licence from Petronas which was suspended when the company fell into the cash strapped Practice Note 17 category back in February 2010.
"There have been talks between the two, basically THHE should get if (the licence) reactivated, I don't see any issue. Problems occurred, or it was deactivated when THHE went into financial troubles," an O&G executive familiar with the matter said when contacted.
----
NOTE: Reuters has not verified these stories and does not vouch for their accuracy.

so confident are u?

just like distribution... donno who's buying 0.20 and selling 0.20

napa tak bagi lepas aja 0.20? siot aja sapa yg selling

liat betul 0.20 ni....

kimtj still bz with meeting ka....huhuhu....

thanks..email me ok..cant wait!

kimtj...who is buying n who is selling? qurios

sharks average up...huhu

agreed with pathew....nnt kena saman haha

yesssss

0.25 go go

go go go

must be steady n patient...haha...

hehehe... pathew email me at anulus81@yahoo.com
tq

wowwww...sure ker dpt kontrak tu? pathew any news? pm me too :)
kimtj wants ur email too

show ptg lagi...hehehe..tq

go go pasukgb

me too... so they want to push up to 0.25 at least...only time will tell

thanks risk trader...lets huat huat

and hope the merger deal will come true....

hope can revert to 0.245 its original support price...then shoot to 0.30 hehe

will listen2 kimtj... let's huat huat....

on boat already...

bukan fake news ker...kan compny dah make announcement... tak sure lak, lepas tu mana tahu pasukgb masuk tender kat indon...

@kimtj what's ut tp? can reach 0.40? huhu

hahaha...good for u lah... u dont online trading? use remiser?

so u sold all already?

@eugene91... u already made profit with this price right?

strong buy at 0.22

go go go

0.22 so fast

0.215 dah

yahoooo... 0.21 now

means after reach 0.215..will drop back to 0.195?

hari2 0.005 cukuplah....hehehe

kimtj, the merger exercise is on?

thanks risk trader... will put on my watch list

becox of goreng? or any latest development?

something on...

looks like mcm distribution aja haha