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2014-02-24 12:51 | Report Abuse
Do not be confuse and read carefully UOB report. It does mean accumulate Barakah-LA at 1.40-1.50 and not the mother. Mother TP is 1.70. This is because Barakah-LA offering deep discount and the price will narrow to mother share price in about 8 months time for conversion. 1 Barakah-LA to 1 mother share at no conversion cost (do the calculation). That is why you can see the volume in Barakah-LA not much selling, UOB, Hong Leong report means sapu Barakah-LA.
Beside, if buy at 1.40 -1.50 UOB will not ask you to hold is to ask you to sell. Bear in mind, UOB report also quoted should Barakah won Saudi project will re-rating to 2.30-2.50 result will out soon. Even thought coming result might have little set back that is just for temporary because of deploy KL101. Should structuring successful it will save up to million ringgit of interest every month another positive. By the end of the year share price might have already double with projects won Pengerang, Saudi......, structuring. Petronas VDM program by the way.
2013-12-27 21:18 | Report Abuse
Mr Ooi, Means by then I will need to have experience in trading and looking at chart else will be too technical for me.
2013-12-27 21:15 | Report Abuse
Mr Ooi here you are fatdragon510@hotmail.com. Thanks.
2013-12-27 21:01 | Report Abuse
Mr Ooi may I know when is your coming ShareXPert class. Where can I obtain the info. Thanks.
Stock: [BARAKAH]: BARAKAH OFFSHORE PETROLEUM BHD
2014-03-25 19:29 | Report Abuse
Dropping again seem like Barakah got some problem. Re-tender or financial problem? I thought Barakah will have positive progress on the refinancing.