2016, 2017 and 2018 are bad years for Velesto because Petronas reduced its upstream expenditure and concentrate on the Rapid refinery. There was nothing much Velesto could do. Now, Petronas has confirmed to increase its expenditure and concentrate on upstream activities from 2019. Velesto as an upstream oil rigs provider will be definitely seeing good years ahead.

Velesto's oil rigs are in high demand. In 2019, Malaysia needs more than 24 oil rigs but Velesto has only 7 units. Demand is higher than supply. Economics 101: Lease price will definitely go up. All Velesto oil rigs will soon be fully leased out at a much higher price than 2017 and 2018. That means, profits will definitely go up for the next few years.

TheEdge was the culprit to push down the price. After the clarification from the management, price is recovering. Strong support at RM0.11 and price seems to move upwards now.

Barakah is in fact a turn around play. If the company is able to turn around to become profitable, the share price will shoot up.

The biggest borrowing of Barakah is from Export-Import Bank of Malaysia Bhd, which is a government bank. Therefore, Barakah's debts restructuring proposal may be accepted by Export-Import Bank of Malaysia Bhd. The bank may accept ICULS and RCULS as repayment for the loans extended to Barakah.

There is a high possibility that the proposal may be successful.

If the debts is successfully restructured. The contingent creditors agree to accept RCULS and ICULS as payments for their debts, Barakah share price will jump.

@Yu_and_Mee,

Barakah confirmed that the figures in their balance sheet is correct. As at 31/12/18, Barakah and its subsidiaries recorded a total liabilities of RM335.6 million. The short term borrowing was RM2.2mil. Long term borrowing was RM172mil. The cash in hand and fixed deposits amounted to RM130.7mil.

The liabilities of Barakah was much lower than what was falsely reported in "TheEdge". Barakah was in a much better condition than what was illustrated in the false report.

Where did "TheEdge" get these figures? It is misleading and may cause panic selling which may eventually resulted in unwanted losses for the shareholders who reacted basing on the false article.

All the negative news have already been reflected in the low price. If Barakah's debt restructuring proposal is accepted by the banks and its creditors, the price may jump just like many other turnaround companies.

@Ron90,

I would bet on Barakah based on the followings.

1) Barakah has a strong balance sheet. The short term borrowing is only RM2.2mil. The cash in hand and fixed deposits amount to RM130.7mil. No cash flow problem.

2) Barakah has a small number of shares outstanding and market capitalisation. The price can be pushed up easily.
Total shares : 835mil shares
Market Cap: RM100mil

If the operators have RM100mil, they can do wonders.

Went through Barakah's balance sheet. The short term borrowing is only RM2.2mil. The cash in hand and fixed deposits amount to RM130.7mil. Basically, the company is strong financially.

Petronas and others need more than 10 additional jack-up oil rigs in Malaysian waters. Velesto as the single local supplier has only 3 not employed at the moment. I think all these 3 will be taken up in a few months time.

Petronas and others need more than 10 additional jack-up oil rigs in Malaysian waters. Velesto as the single local supplier has only 3 not employed at the moment. I think all these 3 will be taken up in a few months time.

It is still early stage of oil and gas bull run in Bursa.

It is still early stage of oil and gas bull run in Bursa.

It is still early stage of oil and gas bull run in Bursa.

It is still early stage of oil and gas bull run in Bursa.

It is still early stage of oil and gas bull run in Bursa.

Velesto should expand its fleet of rigs by purchasing from others. There are still existing rigs available from others. Malaysian demand for rigs is booming and Velesto has market requirements more than it can meet.

Velesto should expand its fleet of rigs by purchasing from others. There are still existing rigs available from others. Malaysian demand for rigs is booming and Velesto has market requirements more than it can meet.

Perdana is a subsidiary of Dayang. Dayang went up so high, it is logical that Perdana follows suit.

@Calvintaneng,

You are right. Velesto's rigs are very new. That is an advantage. New rigs need less maintenance and they are preferred by clients including Petronas, Hess and Shell. If the clients are to choose from a few vendors, they will definitely choose the vendors with new rigs. Fewer downtimes will be experienced.

The writebacks will be a major booster. In bad times, the assets have to be impaired due to prudence basis. In good time, the impairments will be write backed as profits. These writebacks are like boosters for the price increase.

For the last 3 years, there were asset impairments of more than RM2bil for Velesto. As the market has improved tremendously, the values of these assets will improve. There will be writebacks for these previous impairments and the writebacks will be shown as profits in the next few quartes.

Velesto business is starting to turn around in 2019. For example, the total number of jack-up drilling rigs operating in Malaysian water will increase from 7 - 10 units in 2018, to 16 - 18 units in 2019. Velesto has 7 jack-up drilling rigs. Out of that 7 units, 4 were leased out as at 31/12/2018. Hopefully, all the 7units will be leased out as at 31/12/2019.

Velesto has a very strong balance sheet for an oil and gas company. The debts to equity ratio is only 0.41. The short term borrowing is just RM97.1million. Unlike many other oil and gas company, Velesto does not have cash flow problem.

Share market investment is talking about company future prospects and future earnings. As all the bad branches had been cleared, this FGV tree now is left with healthy branches and green leaves. More new branches and new leaves (earnings) will grow in near future.

All the bad investments have been impaired. The company is totally clean now. From now on, just fully focus to run the profitable oil palm plantation and sugar manufacturing. Future is bright.

KWAP is against the government's will. Don't want to help Felda, want to cabut.

Just a guess. Privatise price should be between RM1.80 to RM2.50 a share.

Felda White Paper will be tabled in Parliament Sitting on 11/3/19. Just 11 days from now. It is probable that the White Paper may include proposal to privatise FGV by its mother company, Felda.

Q1/19 results is quite decently good at 4.5 sen/share. Results for Q2, Q3 and Q4 are expected to be even better than Q1 based on the following reasons.

1) Unbilled sales is at historical high of RM1bil. Its condo and serviced apartment projects namely, Inspirasi @ Mont Kiara and TR Residence will progress to more advanced stages so that more sales can be recognised as revenues.

2) Improved CPO and Palm Kernel Oil price as compared to Q1/19. The prices of CPO and PKO has already increased as compared to Q1/19.

The unbilled sales of MKH are at the record high now. The products of MKH is still selling reasonably well as they are priced affordably and situated at strategic locations.

Until today, there is no court filing from Disney and Fox to prevent the theme park from opening. I think the theme park may be opened within 6 months from now.

The opening of the outdoor theme park is delayed but it will eventually be opened at the end. Think carefully, the delay may cost the company some time loss but when it is opened, the anticipated fundamentals of the company will be in place. The delay will be a non-event when we already reach that point in time.

The 2019 eps will be much better than in 2018.

By the end of the year, Genting Malaysia should be trading at RM5.00. All the fundamentals are still intact.

Fundamentally still a strong buy. Currently trading at a level 40% below the 52 week high.

The settlers' support is very important to the government.

The White Paper is going to be tabled soon. Privatisation is one of the probable options.

The company should just do private placement. At the same time, it should sell off some unstrategic landbank in The UK and Malaysia.

Best opportunity for Terry Tham, Tee Eng Ho and GK Goh to increase their shareholdings.

It is better to sell off the UK properties to get cash than having RI.

STP2 is just offshore and opposite Gurney Drive. The most expensive and popular residential and shopping areas in Penang. The millionaire row of Penang. The most popular tourist spot in Penang.

Investors come to their conscious after overnight thinking.

@kcw c888, you are right. Terry Tham, Tee Eng Ho and GK Goh are definitely buying. They know the most about the company.

I am just talking about the completed empty development land in STP2A alone. Talking about the work that had been completed before our eyes.

I have not include the future property developments on the completed island (STP2A). I also have not include STP2B and STP2C (another bigger island measures 507 acres yet to be reclaimed).

Nothing has changed fundamentally. The first island (STP2A) is completed except for some minor work. The first island measures 253acres (11,020,680 sq.ft.). The cost of reclamation is about RM150/sq.ft. The market price is about RM800/sq.ft.

Assume 85% development land, 15% land for infrastructure
Profit from the land reclamation : 11,020,680sq.ft. x (RM800-RM150) x 85% = RM6,088,925,700

Profit is RM4.65 per share.

The MD and directors should look at an alternative to the proposed RI. E&O has 4 pieces of properties in The UK. The company should cash out from The UK market. E&O's future is in Malaysia especially STP2. The UK properties tied up a lot of E&O's capital with little returns.

All the good fundamentals remained intact. Market over-reacted with the RI.

Felda needs to take over FGV to solve its own problem. Felda owns 33.67% of FGV now. It needs to own 100% of FGV so that it can book all the FGV profits in the future. It also can have full ownership and control of the lands leased to FGV. In short, Felda may want to go back to the situation before FGV's listing in 2012. Therefore, a general offer is very likely.

Eagle High was purchased by FGV's mother company, Felda (unlisted),and not FGV. FGV has nothing to do with Eagle High. Generally, FGV is in good shape. What it needs to do is to improve its management and corporate governance. It can turn very profitable fairly easily and almost quite immediate. Just need a good and honest CEO.