hibiscus - I am lost here. PE is 450x, but they r still drilling away (no oil find) and prices are up and away!!. PE for oil & G is around 40-50x.

Ryan11: stock clearance day today! Once over this week, will see the true price traction of this stock. Not to worry as long as u r an investor.

if u r trying to hit and run, will get ur pants burnt. Try luck in Genting! The strategy here is to keep the price reasonable enough to flush out the contras and the naysayers, before the stock price moves forward. Remember invest and be rewarded.

More 85m shares traded since last Tuesday. T+3 and 4 are this week.Cannot pick up, got to sell off. Selling is well absorbed. This stock moves organically from 1.20, 30,40, 60 - Rm 2.00.

unloading contras time

once the stale bulls and contras are out of the way, the price will gain the right traction. That's why we stay invested and carry on with our daily routine.

prc4wifefepost: Kenanga has an even higher TP:

Petroliam Nasional Bhd (PETRONAS) has formally announced the winners for the Pan Malaysia Integrated Offshore Installation Contract last week. Package A was awarded to Barakah Offshore Petroleum Bhd (BARAKAH; OP; TP: RM1.98);
16/12/2013 10:00

ROUND OFF LAH TO RM 2.00. EVEN ANALYST R GETTING EXCTED OVER THIS STOCK

MAYBANK REVISED TP LAGI TO RM 1.85. WAIT FOR KENANGA TP ABOVE RM 2.00
http://klse.i3investor.com/servlets/ptres/20349.jsp

prc4wifefe Thks for update. GREAT NEWS!! BARAKAH IS GOING FORWARD

SKPETRO - Market Cap 5b shares ( heavy weight section)
BARAKAH - 624m shares (light heavy weight, soon will move up)

The rest u do the MATHS!

Barakah is also getting the pipe lay commissioning and testing job from GOM> So put the figure around RM 2b (inc the present pipelay job under Package A). Two contracts from PETRONAS on listing and this is a remarkable feat.

Stay invested. More TP analysis on the way, plus 'KEDAI KOPI MAMAK' Analysis. 2014 onwards is year for oil & gas stocks, it is relatively cheap now. INVEST

prc4wifefe. Thks for the TP update> Easily a Rm 2.00 company. More revised TPs comin

16/12/2013 09:39

Long term investors always 'stay invested' and grow with the co. No need to worry about ' buy on rumours and sell on news' That is for day traders and contras!!!. We sleep easy as we now know BARAKAH is in the big league. The next SKPETRO

thks prc4wifefe

sephiroth: What is the ballpark PE for furniture industry? Thks. Wht u think about Poh Huat?

Saya buat kedai kopi punya calculation lah! Saya bukan pandai macam analysts MAYBANK yang tukar TP 2 kali dalam jangka masa 2 hari. Lagi bolih cakap 'blue sky', 'green sky', 'black sky' scenarios!!. Macam baru keluar dari Harward, Kellogg atau Wharton Business Schools

(I) Untung selepas cukai ( O&G) - 15%
(ii) Issued saham BARAKAH - 624m
(iii) PER O&G - 15x, sama peer ( high capex, bukan main!)
(iv) Contract T&I sahaja - RM 2b est
(v) Tempoh 'T&I' contract - 3 tahun, option untuk sambung 1 tahun lagi. Memang extend, BEST VDP Co mah!
(vi) Untung selepas cukai , BARAKAH ( hanya 'T&I', Package A) = (15% x 2b )/ 3years = 100m setahun contract 'T&I".
(vii) Earnings/Keuntungan per Share/Saham (EPS) = 100m/624m = 16c, ok mah!, Sudah kenyang aredy. Ini BARAKAH bukan, so jangan minta banyak, sedikit cukup
(viii) Price/Harga based on 'T&I' contract sahaja = RM 16c x PER15 CY14 = RM 2.40
(ix) Analisa ini bukan kira BARAKAH's, current orderbook backlog of RM775m; while tender book is significant at RM6.1b. And more to come!
(x) Aggregate TP round up to Rm 2.80, cukup BARAKAH

TP based on Barakah's recent success in securing a *whole package (package A) of the Pan Malaysia’s T&I, is RM2.63/share. *BARAKAH IS THE MAIN CONTRACTOR, NOT THE SUB-CON in the T&I PACKAGE A SPACE.

Still the cheapest O&G player in BURSA. Come monday, price will be trending at a higher level

http://www.thestar.com.my/Business/Business-News/2013/12/14/Eye-on-stock-Barakah-Offshore.aspx

http://www.btimes.com.my/Current_News/BTIMES/articles/20131214005619/Article/

alex626my thanks bro. Keep the postings coming and will analyze tomorrow's Biz Star

Ryan11 . U r right bro. Cant wait for Monday. Neither can all our investors in this forum and outside

I still prefer this earlier article by Kenanga Research & Investment dated 6 Nov 2013.
TP RM 2.63 upon receiving the T&I Package

Barakah Offshore Petroleum - Breaking Out In Style
Author: kiasutrader | Publish date: Wed, 6 Nov 12:14
________________________________________
Barakah Offshore Petroleum Bhd (Barakah), en-route for a listing on 6 Nov-13 from the RTO exercise, is another upstream oil & gas company to watch. We are projecting a 3-year net profit CAGR of 30.1%, underpinned by its: (i) existing RM500m HUC backlog; (ii) continued positive market share in the commissioning segment which accounted for c.70% of its total FY12 revenue, and (iii) increased subcontract work in the T&I space.

Further catalysts to the stock is if it: (i) successfully secures some contracts via its joint-venture partner in the Gulf region; and (ii) manages to secure a direct contract for the Pan Malaysia T&I contract that is expected to be dished out by 1Q2014.

We are initiating coverage of Barakah with an OUTPERFORM rating and target price of RM1.03/share, based on fully-diluted CY15 PER of 12x. Our target PER is at a 15% discount to its peers’ (Alam and Perisai) 14x due to its smaller asset base (it currently owns only one pipelay support vessel). This implies a 58% upside from the IPO price of RM0.65/share. We highlight that our current TP is based on a conservative viewpoint.

***Assuming Barakah manages to secure a whole package of the Pan Malaysia’s T&I, it would be valued at a much higher valuation of RM2.63/share.

Drivers for the significant growth in revenue are: (i) better opportunity in T&I segment and (ii) continued growth of market share in the commissioning segment

C:\Users\user\Documents\1 1 KLSE LISTED Co 2013\1 BARAKAH 2013 INFO\1 BERNAMA - Petronas VDP A Stepping Stone For Bumi Firms To Compete Globally.htm

Oil &Gas; Food and Utility stocks are the pick for the coming years. Demand exceed Supply

http://www.theedgemalaysia.com/business-news/267460--barakah-wins-petronas-contract-to-build-pipelines-oag-equipment.html

ran777: Maybank is reviewing the earlier TPs. U know analyst are just like us. They also make assumptions ('ifs and buts'). We do not know how 'BIG' the portion BARAKAH got. It must be big enough to warrant a one day suspension of the counter. Remember Maybank came with 2 TPs in 2 days, after getting hammering from BARAKAH officials for the first one. Read tomorrow Star Biz. STAY INVESTED WITH BARAKAH>

Mid & Long term Investors will grow and reap benefits from BARAKAH, as they in the big league now. Management of BARAKAH kenduri after friday prayers. It is a growth stock now.

JCool: According to official sources MAYBABK & RHB is in the midst of preparing another upgrade at Rm 2.00 - 2.50. U must be the one who missed the boat I guess. Don't be a sour grape! We have read all these before. Anyway, the price on Monday will do the talking ha ha

Barakah is one of the star performers under the PETRONAS VDP programme to deserve this prestigious deal. Sekarang Barakah ada rezeki untuk cari makan. In the big league with the big boys.

zamsaham Rm 1.65 is an estimation. if u want to give me at Rm1.65 when open, I will take all wht u got . Ha ha. Read in tomorrow's Star Biz

oil counters r all bullish today. The Asia stock market led by Hang Seng recovered well. Well poised for Barakah's requote

BARAKAH - 'GIFT OF GOD' FOR THE LOYAL 'INVESTORS WHO REMAIN TRUTHFUL TO THE MISSION & OBJECTIVES OF THE Co IN GOOD & BAD TIMES. SURELY THEY WILL BE REWARDED. STAY INVESTED WITH BARAKAH

easy bro. hope for the best price, I think 2 limits up kot for BARAKAHHHHHHHHHHH

after launch sambung balik. Good news on friday

Rm 2.00. modest target. No stopping BARAKAH from now onwards. STAY INVESTED

Surprising result, beating out all the big boys. Way to go BARAKAAAAAAAAH........

limits up

no need to crack head so much. The co mgt know wt they r doing. Wait for the good news and higher requote

Dec 17- 18 , Fed Reserve mtg. Taperrrrring!! Need to do some profit takin tomolow

strong closing at 1.54.

candlestick: where u got the info

afnan9838: nak main saham ke nak ceramah bro
Bagi forum lagi interesting bro. Anyway stay INVESTED

The real INVESTORS are always in good hands with BARAKAH.

it was just the day traders selling, that's all. The co fundamental are strong, waiting for announcement. Tomorrow momentum still on upward trend as it has broke Rm 1.50, to test Rm 1.60

market talk Rm 2.00

two days nearly 63m shares traded

Rm 2.00

Package A Barakah, package B Puncak. heard it from the grapevine. Not very sure, need to confirm further