kingJ

kingJ | Joined since 2018-03-28

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1 month ago | Report Abuse

Just sell a little land and cashflow problem solved

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1 month ago | Report Abuse

NTA per share is rm2.19. Should be higher because value of property in hand should be higher.

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2 months ago | Report Abuse

Very well managed company, only 1.8 mil loss during very bad times. Cash and cash equivalent rm58 mil, current liabilities only rm15 mil, non-current liabilities only RM 8.2 mil. What are you scared of? Accumulate now

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2023-08-25 09:19 | Report Abuse

Net cash generated from operating activities is RM38 mil 👍

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2023-08-24 20:40 | Report Abuse

Back to black RM4. 4 mil, better things to come.

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2023-07-08 09:26 | Report Abuse

The directors have made a fantastic decision to sell some assets at the right time to make a profit of RM218M. Now it's a healthy Balance Sheet. What makes you think the price will drop further?

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2023-07-08 09:16 | Report Abuse

Cash in bank RM125M, total current liabilities only RM87M, what's the problem?

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2023-05-14 08:12 | Report Abuse

NTA is 0.46, SP @ 0.195 is super too low, unless debt are not collectible

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2023-04-10 20:56 | Report Abuse

Ini kali lah (hopefully)

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2023-04-03 10:35 | Report Abuse

I think last q the company has done and expensed the necessary upgrades/repairs/maintenance. As such this q will be a good q.

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2023-03-03 11:59 | Report Abuse

Based on the recent sale of asset, sale proceed=386mil, nbv of asset sold=196mil, the market value of the assets as at 31/12/22 should be worth around 1b. If got good offers then sell them. Then the company will be cash rich. The company can pay us 15 sen dividend and still have about 500mil in the bank account

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2023-03-03 11:30 | Report Abuse

As per Petronas recent announcement that they will be spending bigger and one of the beneficiaries will be Icon. Well, I can only hope its true

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2023-03-03 09:40 | Report Abuse

Very confident the value of the assets has gone up, as such if depreciation of 57mil is taken out and revaluation of assets is taken into consideration then the result is definitely a big positive

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2023-02-24 12:33 | Report Abuse

Anyone can share why this share price came down?

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2023-02-17 19:30 | Report Abuse

Buy O&G shares, earn about 30 to 50% a year for the next 5 years, then buy back the rigs cheap cheap (price of oil should have came down then after US and Russia becomes friends again)

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2023-02-17 09:55 | Report Abuse

Fund managers giving higher TP

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2023-02-14 00:01 | Report Abuse

Yes, 50% profit from current price at end of year very likely

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2023-02-13 15:57 | Report Abuse

Demand for rigs are increasing but you cannot increase supply of rigs easily

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2023-02-12 09:51 | Report Abuse

Correct correct, agree

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2023-02-10 16:18 | Report Abuse

No recession, buy all you can

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2023-02-09 09:11 | Report Abuse

These fund managers didn't realised how undervalued the assets are. The assets can fetch around rm5bil in the next 5 years, how much are they worth now? The shares are easily worth 0.50 now. Kenaga has really shot their own foot.... Again

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2023-02-08 23:52 | Report Abuse

Ya, should be soon

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2023-02-07 23:33 | Report Abuse

All O&G service providers should be fully booked, and with better pricing. Can only be good, fantastic or excellent

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2023-02-07 23:28 | Report Abuse

Selling of bluechips only, this year should be the year of O&G service providers

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2023-02-07 11:46 | Report Abuse

Quarter ended 30/9/22 NP is 8.8 mil. Assuming following quarters NP is 12 mil, PE now (share price 0.60) is only 4.29. Super super good buy!!!

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2023-02-04 00:53 | Report Abuse

Base on 25cts and 190mil profit, the PE is only around 13. For a company expecting increasing profit for the next few FY, the PE should be higher. Look at MrDiy, it's PE is around 40

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2023-02-03 22:26 | Report Abuse

Anyone can give opinion of what the PE should be?

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2023-02-02 18:21 | Report Abuse

This is a service provider to oil/gas rigs. The number of rigs have increased and still increasing. I think as such there is a shortage of these service providers, hence will operate in full force and better pricing

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2023-02-02 18:12 | Report Abuse

I think there is shortage of service providers for oil/gas rigs. Waiting for better news.

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2023-02-02 12:19 | Report Abuse

There can only be better and better news for these O&G service providers if energy prices stays or goes up

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2023-01-28 08:24 | Report Abuse

Can someone share the 0.13 target price writeup? Thanks

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2023-01-26 20:14 | Report Abuse

The above, "combined order book and tender book" is 2bil

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2023-01-26 17:07 | Report Abuse

WOW!!! All six of Velesto’s rigs are on charter

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2023-01-26 12:09 | Report Abuse

If profit is 10mil/quarter, pe is only 8 at 12 sen

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2023-01-19 21:49 | Report Abuse

Thanks SinGor for your valuable info regarding the contracts. Looks like there will be many good news soon

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2023-01-18 21:05 | Report Abuse

Anyone knows how many contracts are maturing this year? New contracts price should be like triple of the old ones, so hold on.

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2023-01-17 21:35 | Report Abuse

Target price 0.13 achievable?

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2023-01-13 15:51 | Report Abuse

Looks like gonna have good news again

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2022-12-27 11:25 | Report Abuse

Hopefully durian runtuh coming

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2022-12-10 14:32 | Report Abuse

China eases covid restrictions

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2022-12-06 16:58 | Report Abuse

Bright side - World cup brings good income.

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2022-12-03 11:12 | Report Abuse

Anyone here can share why this share is trading around PE 1?. Its a profit making company.