Barack Obama elected 44th president of US. Equity shall rise.

You can get it from investment bank daily news.

Fund managers bought 9,000,000 shares off-market transactions on 5 Nov 2012.

ALAM is expected to release its 9M12 results in mid-Nov with a flattish QoQ net income growth at c.RM15m for 3Q12. Yesterday, ALAM continued to show its ability to secure contracts as it bagged a new RM22m AHTS contract. Nonetheless, we have trimmed FY12E earnings by 7% due to an expected lower margin from SOGT and a loss of RM1m-RM3m from its Subsea division in 3Q12. We have also cut FY13-FY14 EPS by 15%-20% after the company lost a contract to SKPETRO last week. As a result, our new price target is now RM0.92/share, based on an unchanged CY13 PER of 10x. Even then, this implies a potential upside of 28% from its current price. As such, we remain positive on ALAM and continue to rate it as an OUTPERFORM. Kenanga

Maintain BUY. All in, we are positive on Alam’s OSV division, which we expect to bag a few more contracts in the near term. We thereby reiterate our BUY recommendation on Alam and value the stock at RM1.25, pegged to 12x FY13 EPS. Our fair value implies a return of 76.1%. Key downside risks include: i) the failure to secure new contracts for its subsea and OIC businesses, and ii) intense competition in the OSV segment causing charter rates to dwindle. OSK

Expect stronger YoY results in 3Q12. Expect Alam to deliver a steady net profit of MYR14m-16m in 3Q12 (2Q12: MYR16m; 3Q11: MYR13m). OSV operations are likely to anchor group earnings, underpinned by steady vessel utilisation and charter rates, as offshore drilling campaigns step up. However, the stronger OSV earnings are likely to be offset by pretax losses at its underwater services division (- MYR2-4m) due to insufficient job wins to cover overheads. Meanwhile, its offshore installation & commissioning (OIC) 51:49 JV with Swiber will bring in MYR2m-3m in associate profits.

Bullish Trend

Alam Maritim as received a letter of award from
Carigali Hess Co for the provision of an anchor-handling tug supply vessel.

The RM21.28 million contract will be for a firm period of 21 months with no specific provision for extension option.

The contract is expected to positively contribute to the earnings and net assets of the group for the financial year ending Dec 31, 2013.



Read more: Alam Maritim bags RM21.28m Carigali contract http://www.btimes.com.my/Current_News/BTIMES/articles/20121105182327/Article/index_html#ixzz2BLKTGTIJ

Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher high (Bullish)
3) MACD -3G4R (Bearish) . Waiting for 4R1G for a bullish signal
4) RSI - Overbought region and declining towards 70% (Bearish) .Bearish signal getting stronger

a) More Bullish- it rebound from 70% and incline again
b) More Bearish- If break below 80%

5) STO - Bearish Crossover and and declining toward 80%(Bearish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Shooting Star Formed at the resistance of 0.73. ( Bearish).

isupertrader: Yes,market sentiments depend on many factors. Just we cannot predict so many factors. Thus, left to the market to react.

SapuraKencana’s double orders on yesterday could signal the start of exciting contract flows for the O&G sector, especially in the FPSO segment which has been going through a dry spell this year.

Expects one new job win by end-2012. Perisai will move into the FPSO charter market for its next Malaysia project, potentially
partnering EOC Limited. Both EOC and Perisai share a shareholder in Ezra. Recall that Ezra’s 46.5%-owned EOC secured a LOI from Hess to charter an FPSO for the Kamelia gas field to meet its first gas production deadline in 2H13.

EOC still needs to meet strict domestic content requirements for offshore projects, and it could be salvaged through Perisai's 40%-owned Larizz Petroleum which is licensed to bid for local contracts.

Perisai signed a Rig Construction Contract with PPL Shipyard to construct a jack-up drilling rig at a cost of USD208m. The
expected delivery is in 1H2014. Perisai also has the option to construct an additional jack-up rig unit for USD210m. This option is yet to be exercised.

This new order as it marks Perisai’s entry into the offshore drilling segment which will enable it to diversify its asset base and act as an upwards rerating catalyst.

One question: Why Perisai placed order with PPL Shipyard if Perisai cannot get FPSO contract soon. Think....

Normally Petronas award a project, assume 230km pipe to few players. If one player, the pipelaying will took many years to finish. When the last 5km pipe finish completed, the first 25km pipe might need replacement already.

Try to break RM1.10 by lunch soon

A market underserved by local players. Historically, the pipelaying market is largely dominated by international players,
such as McDermott and Saipem, as they are usually the ones
with the capacity to own the asset (barge). However, such
landscape has changed in recent years as local oil and gas
players have since grown under the stewardship of Petronas.
To date, there are 4 local pipelay barge owners in the market
– SapuraCrest Petroleum, Perisai Petroleum, Sigur Ros Sdn
Bhd, and PBJV Group Sdn Bhd – with others like Sime Darby
Marine Sdn Bhd and Master Offshore Sdn Bhd expected to
join in the fray. There are only a handful of local barges
operating in the country currently. Alam’s new
barge would benefit from the low local participation.

Next stage of growth – pipelay market. Alam’s
partnership with Swiber allows the company to address
execution risk by leveraging on Swiber’s expertise as EPCIC
contractor to bid for contracts, as well as jointly share the
capital outlay of the barge to effectively manage its gearing
level. We believe this move is a step in the right direction to
move up the value chain, having already established itself in
the near-saturated 5,000bhp AHTS market

Indicators
1) Trendline - Broke above the Uptrendline (Bullish)
2) Support/Resistance - Formed higher low (Bullish)
3) MACD -4R2G (Bullish)
4) RSI - Broke above 50% (Bullish) .If breaks above 70% will indicate more bullish
5) STO - Bullish Crossover and broke above 20%(Bullish).
6) Ichimoku - a) Above support cloud (Bullish).
b) Conversion line above the base line (Bullish).
c) Price above the baseline ( Bullish)
7) Candlestick - Bullish Engulfing with a black candle. ( Bullish).

SapuraKencana said its wholly-owned unit Kencana HL Sdn Bhd has received a contract from HESS Exploration and Production Malaysia B.V. worth RM135.8 million.

The contract is for the provision of engineering, procurement, construction and commissioning (EPCC) of Kamelia-A Wellhead Platform for early production system of the Integrated Gas Development Project.

"The award comprises the provision of EPCC of a wellhead platform for Kamelia Field, which is part of the North Malay Basin, an area located 300 kilometres offshore Peninsular Malaysia," the group said, adding the project is expected to be completed by the first quarter of next year.

Financial daily on 8 Oct 2012 mentioned Perisai is poised to move one notch up the ladder in the supply chain of the industry by going into the lucrative floating, production, storage and offloading (FPSO) market.Perisai is looking at acquiring a stake in a PFSO vessel from its shareholder Ezra Holdings Ltd and the vessel is to be used for providing services to an offshore O&G field in Malaysia.

A consortium led by Ezra has put in a bid to supply the FPSO vessel to cater to the North Malay Basin, the same Basin which SapuraKencana awarded today.

FPSO will award to Perisai Group soon.

Target by this week, RM1.13

Coming quarter should be good.

Perisai Petroleum Teknologi Bhd has scheduled to release its unaudited financial results for the third quarter ended 30 September 2012 on Wednesday, 21 November 2012.

In addition to the tax incentives (detailed in our budget report) announced in the budget, Petronas reiterated its commitment on capex spending at the 2014 Offshore
Technology Conference Asia.
 Datuk Wee Yiaw Hin, Petronas exploration and production vice president reaffirmed that capex spending relating to production sharing contracts (PSC)
alone will be RM183bn, over the next 5 years.
 In addition to the PSC spending, investment in the Refining and petrochemical integrated development (Rapid) will be RM60bn.
 Rapid is currently at the engineering stage with earth
works expected to start next month (BT).
 In addition to the four partners currently in RAPID, Petronas is now selecting the partners and licences for activities within the complex.
We reiterate our overweight call and maintaining the view that focused spending to resuscitate and/or expedite O&G production will benefit selected O&G players as CAPEX spending and RSC disbursement intensifies in 2H2012 and 2013.
Top picks in order of preference whereby all would benefit from the above;
 SapuraKencana (TP: RM2.77 BUY, 20x FY01/14 EPS of
13.4 sen/share),
 Dayang (TP: 2.65 BUY, 14x FY13 EPS of 19 sen/share),
 Perisai (TP: RM1.60 BUY, 16x FY13 EPS of 10
sen/share),
 Uzma (TP: RM2.10 BUY, 10x FY13 EPS of 21
sen/share),
 Wah Seong (TP: RM2.10 13x FY13 EPS of 16
sen/share).

HONGLEONGBANK

Alam Maritim
Alam has 38 vessels which are servicing various offshore contracts. The company is also wading into new waters by venturing into pipe installation.

It has also been invited to submit bids for Middle Eastern and North American jobs through a JV.

CIMB- Pahang’s gush of excitement:
We continue to have positive expectations for the oil & gas sector and maintain our Overweight call. Petronas’s 5-year RM300bn capex should keep the excitement level high in a sector that is a major revenue earner. Our top picks are SapuraKencana for big caps and Perisai for small caps.

What Happened:
Prime Minister Datuk Seri Najib Tun Razak announced today that Petronas Carigali and Lundin Oil have discovered additional oil fields, under a 25:75 production sharing contract, at Block PM 307 of Pahang’s Bertam field. Production will begin in 3Q14 with a projected output of 17,500-20,000 barrels per day. This is the first oil discovery in Pahang.

What We Think:
This is a positive development given that the projected output could lift Petronas’s annual production of oil and condensate by 2.7-3.2%. Also, the discovery could present new opportunities for local oil & gas companies. Potential early winners are likely to be marine support providers such as Perdana Petroleum and Alam Maritim. Intensifying exploration activities is one of the government’s Economic Transformation Programme (ETP)initiatives.

What You Should Do:
Stay invested. We expect more domestic activities as Petronas
strives to boost Malaysia’s flagging production. The national oil company’s capex should benefit a wide range of local service providers. We expect all-time net profit highs in CY12-14 for Bumi Armada, Dialog, Perisai, Petronas Dagangan, SapuraKencana and Wah Seong.

Pahang’s gush of excitement:
We continue to have positive expectations for the oil & gas sector
and maintain our Overweight call. Petronas’s 5-year RM300bn capex
should keep the excitement level high in a sector that is a major
revenue earner. Our top picks are SapuraKencana for big caps and
Perisai for small caps.

What Happened:
Prime Minister Datuk Seri Najib Tun
Razak announced today that Petronas Carigali and Lundin Oil
have discovered additional oil fields, under a 25:75 production sharing
contract, at Block PM 307 of Pahang’s Bertam field. Production
will begin in 3Q14 with a projected output of 17,500-20,000 barrels per
day. This is the first oil discovery in Pahang.

What We Think:
This is a positive development given that the projected output could lift Petronas’s annual production of oil and condensate by 2.7-3.2%. Also, the discovery could present new opportunities for local oil & gas
companies. Potential early winners are likely to be marine support
providers such as Perdana Petroleum and Alam Maritim. Intensifying
exploration activities is one of the government’s Economic
Transformation Programme (ETP)initiatives.

What You Should Do:
Stay invested. We expect more domestic activities as Petronas
strives to boost Malaysia’s flagging production. The national oil company’s capex should benefit a wide range of local service providers. We expect all-time net profit highs in
CY12-14 for Bumi Armada, Dialog, Perisai, Petronas Dagangan,
SapuraKencana and Wah Seong.

HK close friends

Likely announcement on drilling project will out soon.

HK fund managers accumulated another 7,420,500 shares between RM1.01 to RM1.05.

BENALEC MAY INVOLVE LAND PROJECT RECLAM AT LABUAN>>>

LABUAN: The Federal Government will look into providing
the necessary assistance to further develop Labuan’s oil and gas sector, said Deputy Prime Minister Tan Sri Muhyiddin Yassin.

He said Labuan, as one of the country’s oil and gas hubs, should be given due attention with its potential to be a focus point for international players.

“I have studied several plans to be developed by Labuan Port Management and Labuan Shipyard, and we will give immediate attention to the need to further develop Labuan as an oil and gas hub, as we have seen overwhelming response from
major players taking part in the expo,” he told reporters at a press conference here today.

Muhyiddin, who was here for a one-day working visit, said the existing basic infrastructure of Labuan port (to complement the oil and gas sector) must be upgraded and developed in stages by the government or under the private finance initiative (PFI) framework.

“The investment may not all come from the government but if the private sector is keen, we encourage it. Many ports in the country are not entirely from the government’s investment, and some ports we have even privatised and this will depend on the situation,” he said.

Earlier, Muhyiddin witnessed the handing over of the ISO 9001 certificate to Labuan Port Management Sdn Bhd (LLPM). -- BERNAMA

Petronas Carigali Sdn Bhd and Lundin Oil have jointly
discovered additional oil reserves, under a production sharing contract, (PSC) at Block PM 307 of the Bertam.

The oil field is located 160 kilometres offshore Peninsular Malaysia, is opposite the state of Pahang at the depth of 76 metres.

This is very significant because never discovered oil in commercial quantity at Penyu Basin and this is a major breakthrough.

The Bertam oilfield is estimated to have oil reserves of 64 million barrels.

O&G companies could see some activities.

PUTRAJAYA: Prime Minister Datuk Seri Najib Razak today announced that Petronas Carigali Sdn Bhd and Lundin Oil have jointly
discovered additional oil reserves, under a production sharing contract, (PSC) at Block PM 307 of the Bertam oilfield.

He said the oil field, located 160 kilometres offshore Peninsular Malaysia, is opposite the state of Pahang at the depth of 76 metres.

PM 307 PSC is operated by Lundin Malaysia which holds a 75 per cent interest and Petronas holds the remaining equity.

"This is very significant because we never discovered oil in commercial quantity at Penyu Basin and this is a major breakthrough.

"Based on the findings of commercial and technical feasibility studies, crude oil production will begin at the oil field in the third quarter of 2014 with a projected output of between 17,500 and 20,000 barrels per day," Najib told reporters after chairing the Biotechnology Implementation Council meeting here today.

The Prime Minister said with the additional discovery, the Bertam oilfield is estimated to have oil reserves of 64 million barrels.

O&G companies could see some activities.

All shares are subject to fluctuation on and off. There is no share that up everyday.

A high oil price backs Petronas’s various initiatives and gives it and other producers more confidence to open their wallets. Billions of dollars are being committed to new projects as the national oil company aims to exploit new reserves and strives to get the most from mature and marginal field assets. The
development of marginal fields augurs well for the upstream players whose role has been somewhat limited to that of service providers in the past. This initiative, coupled with the implementation of a new tax scheme, could help Malaysia produce more E&P companies and put the country on the map when it
comes to marginal field capability.

With more than 20 fields available for development, there is much more work to come. A strong partnership and ownership of critical assets allow efficient and timely execution of projects. For local service providers that are going beyond
their normal scopes of work, finding the right partner for technical and commercial fit is the real challenge as marginal field development is a relatively new area for them. If the marginal field development is executed successfully, Malaysian upstream oil & gas companies can become globally competitive.

Increasing energy demand continues to keep oil prices elevated, prompting Petronas to develop fields that might
have been considered economically unfavourable just a few years ago. To expand Malaysia’s hydrocarbon resource base, Petronas has budgeted RM300bn over the next five years, translating into an annual capex of RM60bn, a new high.

Marginal field development is one of the ETP initiatives that have been put in place to unlock the numerous reservoirs in the Malay basin and arrest the country’s production decline. The development is expected to keep the ball rolling for the sector,
which contributed a substantial 36% to the government’s revenue in 2011.

Hong Leong Investment Bank has initiated that the offshore marine services firms with an "overweight" call.

The bank said the firms will benefit from a pick-up in the global and domestic off-shore oil and gas sector.

Major bulk of the ESOS's expenses captured in last financial year. ESOS for indepedent directors is not significant. If a Company implement ESOS, that likely indicate their share price in uptrend soon.

Newcruz Offshore Marine Pte Ltd and Swiber Offshore (India) Pvt Ltd are Swiber Holdings Limited's subsidiaries. Through such networking tie-up, ALAM will be able to secure more international charter agreements.

Another project announce soon.

Local fund managers are intructed to accumulate for few million shares soon.

Name : Datuk Leaw Tua Choon
Address : 52, Jalan AP 5Alai Perdana75460 AlaiMelaka
NRIC/Passport No/Company No. : 590612-02-5245
Nationality/Country of Incorporation : Malaysian
Descriptions(Class & nominal value) : Ordinary Shares of RM0.25 each

Name & address of registered holder
Oceancove Sdn Bhd
502A, Jalan Pintu Sepuluh
05100 Alor Setar
Kedah Darul Aman

25/10/2012 100,000.000 RM1.400

Indirect/deemed interest(units) : 426,680,400
Indirect/deemed interest(%) : 53.220%

Total no of shares after change : 426,680,400
Date of notice : 25/10/2012


SUPPORTED BY OWNERS. A LOCAL FUND MANAGER BOUGHT 384,500.00 SHARES TOO.

Maybank used to give a very optimitic valuation. Since Maybank gave RM0.85 for Alam and if you trust Maybank, then GO.

KokHoongChai: Please read last previous post on Oct 18, 2012 11:36 AM .

davidccwan: Good luck for you. This 2nd half year is a good run for O&G counters. Alam shall rise since this counter is one of the cheapest in valuation among the average industry and it past high PE.

Today should touch RM1.10.

KWP disposal is to make the market more liquid. Without liquidity, the share price cannot move.

Benalec still under correction period. But with such high volume, indicate that investors are starting to accumulate it.

This might due to O&G activities in Tanjung Piai and Pengerang.

Remember, proposed JV between Orientalcove Realty Sdn Bhd, a wholly-owned subsidiary of BENALEC, and Vista Selesa for the development of six (6) parcels of contiguous leasehold land measuring approximately 1,350,331 sq ft. This is another PUSH FACTOR soon.

In April, Benalec issue ESSOS, indicate share price in uptrend.

Correction period.

Astro will be like IHH, go up quitely after this week.

There are always many people willing to sell even profit 2-4%.

Optimism: Buy calls coming in, average target RM0.88

AlamMaritimbroke the 5 month bands of RM 0.55, broke the 50 MA and 100 MA.
News of Petronas Carigali calling for tender on 34 OSVs, gives market’s attention.
Timing of Malaysia OSVs upgrade is interesting, also reflect the optimism across in Singapore.
Alam’s RM532 mil market capital made it sensitive to change in outlooks on any new contract wins.