@apple I don't want to argue or smear you, but honestly, looking at this current market environment, the project award, the P/E, this is definitely a good opportunity.

The scale of the project is more than 2x Serba's annual revenue. Just think about it.

Serba Dinamik said, the scope of work includes but is not limited to designing, engineering, procuring, supervising, managing, supplying, transporting, constructing, commissioning, and the remedying of any defects in connection with the project.

The award will not have any effect on the issued share capital and the shareholdings of the substantial shareholders of the company. It is expected to contribute positively to Serba Dinamik’s financials for the financial year ending Dec 31, 2020

By this week end when the project news got spread to the public, you will see it!

Just look at the price targets by a lot of research analyst, points to upward of RM2+ which still not take into account of the RM7.7billion project yet. And also, awarding this huge project at this current economic times, you better sure it means optimism and greatness to Serba!

If you look at this RM7.7billion, it is 2 years of Serba's revenue alone. A lot of the bearish trader now points to NTA and P/B ratio, which is very misleading since most company has relatively same ratio like this. One thing to note is the P/E which is very low compare to its nearest peers (Dialog).

@tcyflf Most likely will break 1.79 (high on April 2) and hover around 1.85-1.9. If many investors spot the magnitude of this RM7.7billion project, if could break even higher.

This is when you confirm someone missed the boat, muahahahaha

Someone wanna spreads fake news to drive down price, so that he himself can buy in LMAO

GTRONIC AND SERBA DYNAMIK!

You are winning when you see someone share a lot of links that tries to make themselves feel good that they missed the boat LMAO

Paktua says go, we go!
Heil Paktua

We can see who is spreading fake news here hahaha, a person with fruit name. Abu Dhabi, not Saudi. Even if Saudi, the death is less.

Just imagine this, during this hard period faced by global countries, Dubai awards the project to Serba, tells you highly about the company!

That contract alone is more than Serba's revenue for an entire year WTF!

Serba Dinamik Bhd has secured a RM7.71bil (US$1.78bil) contract to construct an innovation hub, academic campus, related facilities and IT infrastructure in Abu Dhabi.

It said on Wednesday its unit Serba Dinamik International Ltd had accepted a letter of award from Block 7 Investments L.L.C (Block 7) to undertake the project which will be on and engineering, procurement and construction basis.

HOLYSHIT THE CONTRACT!

Saudi Energy Minister Prince Abdulaziz bin Salman told Reuters that real effective cuts by OPEC+ would total 12.5 million bpd because Saudi Arabia, the United Arab Emirates and Kuwait would cut supplies steeper given higher output in April.

- Reuters

Saudi Energy Minister Prince Abdulaziz bin Salman told Reuters that real effective cuts by OPEC+ would total 12.5 million bpd because Saudi Arabia, the United Arab Emirates and Kuwait would cut supplies steeper given higher output in April.

- Reuters

The Saudi Energy Minister said in the meeting that his country along with Kuwait and the United Arab Emirates had agreed to voluntarily cut their supplies by a further 2 million barrel per day to help the oil prices in the market.

The Saudi Energy Minister said in the meeting that his country along with Kuwait and the United Arab Emirates had agreed to voluntarily cut their supplies by a further 2 million barrel per day to help the oil prices in the market.

KUWAIT OIL MINISTER SAYS EFFECTIVE REDUCTION IN OIL SUPPLY BY OPEC+ AND OTHER G20 COUNTRIES WILL BE ROUGHLY 20 MILLION BARREL PER DAY.

KUWAIT OIL MINISTER SAYS EFFECTIVE REDUCTION IN OIL SUPPLY BY OPEC+ AND OTHER G20 COUNTRIES WILL BE ROUGHLY 20 MILLION BARREL PER DAY.

OPEC+ will cut 9.7 million barrels a day -- just below the initial proposal of 10 million. The U.S., Brazil and Canada will contribute another 3.7 million barrels as their production declines. OPEC officials were still waiting to hear more from Group of 20 members -- though it’s not clear if those numbers will represent real cuts or just production idled because of market forces.

- Bloomberg 

9.7m + 3.7m = 13.4m almost 15% of production!

OPEC+ will cut 9.7 million barrels a day -- just below the initial proposal of 10 million. The U.S., Brazil and Canada will contribute another 3.7 million barrels as their production declines. OPEC officials were still waiting to hear more from Group of 20 members -- though it’s not clear if those numbers will represent real cuts or just production idled because of market forces.

- Bloomberg 

9.7m + 3.7m = 13.4m almost 15% of production!

Breaking news!

OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following multiple days of discussions and back-and-forth between the world’s largest energy producers.

- CNBC

Breaking news!

OPEC and its oil producing allies on Sunday finalized a historic agreement to cut production by 9.7 million barrels per day, following multiple days of discussions and back-and-forth between the world’s largest energy producers.

- CNBC

Oil prices jumped on Thursday on reports that Saudi Arabia and Russia have reached a deal on a deep output cut, according to Reuters which cited an OPEC source, and that cuts could reportedly be as high as 20 million barrels per day. The reported deal comes as a virtual meeting between OPEC and its allies, known as OPEC+, kicked off in which some of the world’s largest producers were set to discuss production as the coronavirus saps demand for crude.
- CNBC

Oil prices jumped on Thursday on reports that Saudi Arabia and Russia have reached a deal on a deep output cut, according to Reuters which cited an OPEC source, and that cuts could reportedly be as high as 20 million barrels per day. The reported deal comes as a virtual meeting between OPEC and its allies, known as OPEC+, kicked off in which some of the world’s largest producers were set to discuss production as the coronavirus saps demand for crude.
- CNBC

Moscow and Riyadh are ‘very, very close’ to an oil deal, says Russia’s sovereign wealth fund chief
- CNBC

Moscow and Riyadh are ‘very, very close’ to an oil deal, says Russia’s sovereign wealth fund chief
- CNBC

Oil prices pared losses in early morning trading on Monday after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh are “very close” to an oil deal.

International benchmark Brent crude futures turned around, erasing earlier losses to rise 0.12% to $34.15 per barrel. U.S. crude futures pared losses but still remained in negative territory, dipping 0.56% to $28.18 per barrel.

“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” Kirill Dmitriev of the Russian Direct Investment Fund told CNBC’s “Capital Connection” on Monday.

Oil prices pared losses in early morning trading on Monday after the CEO of Russian sovereign wealth fund RDIF told CNBC that Moscow and Riyadh are “very close” to an oil deal.

International benchmark Brent crude futures turned around, erasing earlier losses to rise 0.12% to $34.15 per barrel. U.S. crude futures pared losses but still remained in negative territory, dipping 0.56% to $28.18 per barrel.

“I think the whole market understands that this deal is important and it will bring lots of stability, so much important stability to the market, and we are very close,” Kirill Dmitriev of the Russian Direct Investment Fund told CNBC’s “Capital Connection” on Monday.

Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets.

Brent crude futures rose 5.9%, or $1.46, to $26.20 as of 0418 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 4.6% or 94 cents, at $21.25.

Trump said he had talked recently with the leaders of both Russia and Saudi Arabia and believed the two countries would make a deal to end their price war within a “few days” — lowering production and bringing prices back up.

- CNBC

Crude oil futures surged on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal soon to end their oil price war and Russian President Vladimir Putin called for a solution to “challenging” oil markets.

Brent crude futures rose 5.9%, or $1.46, to $26.20 as of 0418 GMT, while U.S. West Texas Intermediate (WTI) crude futures were up 4.6% or 94 cents, at $21.25.

Trump said he had talked recently with the leaders of both Russia and Saudi Arabia and believed the two countries would make a deal to end their price war within a “few days” — lowering production and bringing prices back up.

- CNBC

Alright thx

China reports good numbers! Tech stocks like Inari, Penta, MI, Revenue and Datasonic should benefit right?

China reports good numbers! Tech stocks like Inari, Penta, MI, Revenue and Datasonic should benefit right?

China reports good numbers! Tech stocks like Inari, Penta, MI, Revenue and Datasonic should benefit right?

China reports good numbers! Tech stocks like Inari, Penta, MI, Revenue and Datasonic should benefit right?

Inari quite discounted if you look at Penta, MI and Revenue.

Just like yesterday, this counter appears very discounted compare to other O&G

Carimin also discounted compare to so many other O&G sector stocks.

Wa, this Inari so discounted today compare to all the others

Max, where do you study TA from? Investing.com?

Alright understood. Good info and hope you keep it up!

@maxprofit2020 Hey Max, love your analysis with a bit of good judgement. Just wanted to ask you, do you believe this is a value stock? Cause I really feel that in some ways, it is currently trading at a discount compare to its highs this 52weeks.

Oil going to break $40! Let's go baby!

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3032807

https://www.thestar.com.my/business/business-news/2020/03/11/hibiscus-likely-to-deliver-three-offtakes-in-3q20