Budget is not in favor of Property sector....Property counters might be affected...Oil and Gas is the safest bet for now.....

Yesterday's budget favors Oil and Gas sector.....Sugar subsidy abolish...Property sector counters might be status quo.....Look at Pantech...Paying dividend every quarter....Climbing up steadily and surely on the way to .....TP 1.43...TA & FA bullish...

The sharks could be selling....Budget not on their side....

Oil and Gas sector is the safest...e.g..Pantech

Posted by SANG-JERO > Oct 19, 2013 10:58 AM | Report Abuse X

Cuscapi RSI (14): 68.29--overbought

MACD-not bullish

Support level between 0.35-0.39

I will wait no hurry.....see how first..Congrats to those that make money from Cuscapi..Good luck..

Pak Chik Ayam Tua......Lain macam speaking england.....All the best to you bro...berhati hati di Jalan Raya....btw...Pantech TA & FA very bullish....On the way to hit TP 1.43 or more....soon....

Research houses like UMW Oil & Gas Corp Bhd’s (UMWOG) initial public offering (IPO) with ‘Buy’ recommendations in their research reports, giving target prices ranging from RM3.10 to RM3.36, a premium over its retail price of RM2.80 per share.

The consensus is that the homegrown domestic pure rig player stands to benefit from Petroleum Nasional Bhd (Petronas) localisation policy where locally owned rigs will replace foreign rigs when drilling contracts expire.

Hong Leong Investment Bank Bhd (HLIBB) said as of September 2013, 16 jack-up rigs are operating in Malaysia but only two are locally owned by UMW-OG.

Fourteen foreign jack-up rig contracts are expected to expire within one to two years with an early call for tender expected by end of 2013.

“Domestically, the Economic Transformation Programme driven RM300 billion capital expenditure to enhance exploration, enhanced oil recovery and marginal fields require massive level of drilling activities which the financial market has underestimated.

“Based on industry channel checks, there will be 38 rigs operating in Malaysia by end 2013 versus 22 in 2012,” said HLIBB which has the highest recommended target pr ice of RM3.36.

All the other research houses cited the RM300 billion capital expenditure by Petronas as a plus to UMW-OG’s future as well as liking the fact that UMW-OG is spending more than half of its RM1.7 billion proceeds to buy rigs to add to its young fleet.

“Industry players indicated that oil majors prefer to spend more to charter newer rigs due to their speed, efficiency and ability to deal with more complex high pressure deeper wells,” said HLIBB.

HwangDBS Vickers Research Sdn Bhd gives a target price of RM3.20 with a 14% return upside based on the growth potential of UMW-OG that has no direct comparable peer in Malaysia.

JF Apex Securities Bhd gives a target price of RM3.15, an upside of 12.5% based on UMW-OG financial year 2014 (FY14) earning per share (EPS) forecast of 13 sen and 24.3 times average forward price earning (PE) ratio of large capitalised Malaysian oil and gas stocks.

SJ Securities Sdn Bhd which gives the lowest target price of RM3.10 said the RM2.80 IPO price has already been factored in UMW-OG’s future prospect.

“We have a fair value of RM3.10 based on an average 30 times PE pegging to our FY14 EPS of 10.34 sen. The 30 times PE is the average PE for the oil and gas stocks with market capitalisation of above RM5 billion,” said SJ Securirties.

The company is also liked by the domestic and foreign funds, garnering 21 cornerstone investors which include Permodalan Nasional Bhd (PNB), altogether taking up 399 million shares or 18.45% of the enlarged issued and paid up share capital of the company with the rest allocated to business entities or individuals.

“They want to buy the shares. How could we say no,” said UMW-OG president Rohaizad Darus to The Malaysian Reserve recently.

The company would be capitalised at about RM6.05 billion upon the listing of the entire 2.162 billion shares slated for Nov 1, 2013.

UMW-OG is a 55% subsidiary of Bursa-listed UMW Holdings Bhd, which is a 51% subsidiary of PNB.

Pantech will move up steadily and surely.....TA & FA very bullish......cheers

Close green....Good sign for Pantech...cheers...

Close Green.....WestPort price stabilize....ok-lah tu...Next week shud be better...cheers...

Westport with support from EPF,KWAP, PNB, etc and strong retail investors is SO MUCH better than ASTRO........

Pantech is a well diversified group.....so Rapid delay ...(if any)...will not effect the share price.......that is why Pantech's share price weathered the storm recently...There are other projects in hand.........plus other businesses........In my opinion, under the current wave, I think Pantech's share price WON'T go below 1.00......if I read the chart correctly the next res level will be 1.12-1.16...... and surely to hit 1.43 and above......Timing....I suggest for those who just came across Pantech's share to read all analyst report to have a better understanding....cheers

saufi74...I absolutely agree with you...cheers bro...

Ringgit Strenghten...Should be very good for Fundamental stocks like Pantech....HOLD


FOREX: Ringgit Rises Against US Dollar

KUALA LUMPUR, Oct 24 (Bernama) -- The ringgit rose against the US dollar on Thursday, in line with other regional currencies, dealers said.

At 5pm, the local currency was quoted at 3.1585/1625 against the greenback, better than Wednesday's 3.1665/1695, on expectation of solid growth in China's manufacturing sector.

"The buying support for the ringgit is on prospect that the government will address the country's fiscal deficit in the 2014 budget announcement tomorrow," a dealer said.

Meanwhile, the ringgit was mostly higher against a basket of currencies.

It was slightly higher against the Singapore dollar to 2.5509/5535 from 2.5547/5575 on Wednesday but slightly lower against the British pound to 5.1117/1175 from 5.1110/1172.

The domestic currency rose against the yen to 3.2438/2485 from 3.2547/2591 yesterday and advanced against the euro to 4.3536/3580 from Wednesday's 4.3558/3609.

-- BERNAMA

Foreign Fund starts buying...Ringgit strengthen...West Port Strengthen..



FOREX: Ringgit Rises Against US Dollar

KUALA LUMPUR, Oct 24 (Bernama) -- The ringgit rose against the US dollar on Thursday, in line with other regional currencies, dealers said.

At 5pm, the local currency was quoted at 3.1585/1625 against the greenback, better than Wednesday's 3.1665/1695, on expectation of solid growth in China's manufacturing sector.

"The buying support for the ringgit is on prospect that the government will address the country's fiscal deficit in the 2014 budget announcement tomorrow," a dealer said.

Meanwhile, the ringgit was mostly higher against a basket of currencies.

It was slightly higher against the Singapore dollar to 2.5509/5535 from 2.5547/5575 on Wednesday but slightly lower against the British pound to 5.1117/1175 from 5.1110/1172.

The domestic currency rose against the yen to 3.2438/2485 from 3.2547/2591 yesterday and advanced against the euro to 4.3536/3580 from Wednesday's 4.3558/3609.

-- BERNAMA

Good sharks is using tactical strategy to push up price and to avoid volatility.......sit back and enjoy the ride...Let's see the closing today....cheers

Set to fly???1.43-1.50 soon???

If I read it correctly...no need to use MBB money....West Port is self support....I guess...see how lah...

Dow Jones green...Let's see how today....cheers..

shedomar...ships in the modern world are high tech equip with thousand of sensors to detect faulty device...he..he...Bon Voyage......

ok lah bro hobson64...Going out for lunch now sponsored by Pantech's dividend....he..he

Kamarul Hisham....Crane kat West Port Tengah loading all the shares masuk kapal....will start to sail soon......

ok lah SPSetia...Logical + Positive= West Port RM3.50...he..he..

Hobson64...I notice that you surface whenever Pantech is above RM 1.0......giving negative comments....hmmmm whats up bro?

pradeep....agreed..

Just sit and enjoy the ride.......let's target for 1.20-1.30 now......Don't listen to any negative comments.....Just ignore......Pantech will move up naturally.....Positive thinking bro....

Good shark start to bid at 1.02-1.03....

Last night raining...Good Shark over slept....Now on the way....

Your decision...Your money...your fortune.....I am full of positive charge...so far Pantech ok for me...Good Luck...

Hobson...Long time didn't hear...Where have you been?

Just to share...selawat 500 kali daily...isti qamah...InsaAllah tak miskin, rezeki bertambah...amin...

Kepada muslimin dan muslimat....Doa, zikir, selawat banyak banyak.....Insya Allah guarantee untung....Doa yang Baik....mesti baik yang datang kat kita...Salam...

Only good companies pay good dividend....Pantech is a classic example....I will HOLD....regardless market condition.....RHB TP 0f 1.43 has factor in ICULS...Once it reach 1.43...only God knows the next level...Timing & Patience.....cheers...

If I read the chart correctly, the technical indicators , TA & FA are very bullish....Pantech Shares floating in the market have reduce significantly....easier to push....I beleive that RHB TP is on track....all the best to all cheers...

Posted by SANG-JERO > Oct 19, 2013 09:58 AM | Report Abuse X

I am not doing a propaganda here......have a look at Pantech...O & G counter is the safest....Your decision..

ok..whatever...Good luck to all...cheers..

If you think that WestPort is not a good company..Don't buy...Look for other stocks...Why bother to look at westport?

Do you think that EPF, KWAP, PNB etc is interested to invest in West Port as cornerstone investors if they know they are going to lose millions in West Port? Don't tell me that this institution is hiring idiots as analyst....Please lah...

In stock market anything can happen...There is no right or wrong...Everybody can give their views....but at the end of the day we cannot deny that Westport is a company with Good Fundamentals...Why worry...A matter of time before the price goes up again...Got money buy.......Your decision...

A misguidance on TEUs....market over react...This is actually good for Westport counter...Panic seller plus those who took financing for this shares sell....EPF, KWAP, PNB and strong investors sapu....Less shares floating in the market.....RM 3.00-3.50 shud be soon....Positive thinking bro...

I don't care whatever negative comments people want to say...nothing to worry...

Steve...I know that this is a very good company after I attended the previous AGM....I have been accumulating since then....Their business model is falling into place perfectly...

Good Company....Hopefully next res level around 1.16-1.20....barring any unforeseen circumstances...

Steve Jub..Like Mr Ooi says...break out....Good luck to all and cheers..

Ya...Good sharks collecting...but I cannot reveal...My chart is on spot... 1.06.......Let's see what happen tomorrow...I believe all Pantech loyalist will be very happy....


Posted by SANG-JERO > Oct 23, 2013 02:36 PM | Report Abuse X

1.06 coming..........

Posted by SANG-JERO > Oct 23, 2013 11:54 AM | Report Abuse X

Steve, if I read the movement correctly, between 1.06-1.10...I guess...so far my chart is on spot...

Syabas Lasallian....Positive Thinking

Uncle G and Uncle LI recollecting....next week RM3.0...he..he..

Good Sharks that keep long term....They already got info.....HOLD...

Steve Jub...Your Roti Canai can last 5 years now ...he.he

TP1.43 after budget...HOLD...

collect some more.....

collected.....

less share in the market now.......easier to push.....plus more good news...

CT......Positive thinking......Aura...I guess.....Good news on the way...