ruslimz. Thks bro for the info. Will look forward towards the announcement this evening.

Prc !*@@ Wait for the cows to come home for ur desired tp!!

Barakah started moving!!

Business News

Published: Friday November 15, 2013 MYT 1:32:00 PM
Updated: Friday November 15, 2013 MYT 2:28:12 PM

Petronas awards 13-package RM10bil contract to local firms

KUALA LUMPUR: Petronas has awarded a major 13-package, five-year offshore services contract with a total work value of about RM10bil to six local providers.

The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract was awarded to Kencana HL Sdn Bhd, Dayang Enterprise Sdn Bhd, Petra Resources Sdn Bhd, PBVJ Sdn Bhd, Carimin Engineering Services Sdn Bhd and Sigur Ros Sdn Bhd for five years beginning this year. The contract involves hook-up, commissioning, maintenance services for offshore facilities and manpower requirements for the execution of the respective work scope.

"The award of this major contract is PETRONAS' acknowledgment of the capability of local service providers, including Bumiputera companies," said Petronas Vice President of Petroleum Management Ramlan A. Malek in a statement today.

The six contractors will be providing hook-up and commissioning and topside major maintenance services to nine Petronas production sharing contractors, including Petronas Carigali Sdn Bhd, Sarawak Shell Bhd, Sabah Shell Petroleum Co Ltd and ExxonMobil Exploration and Production Malaysia Inc.

The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract is one of Petronas' largest service contracts currently in place.

It is part of Petronas' continuous efforts to further optimise project deliveries and offshore activities in terms of costs and schedule while at the same time drive and support the growth of capabilities among Malaysian service contractors. - Bernama

The next job for BARAKAH will be the much awaited 8 billion Pan Malaysia’s 'Integrated Transportation & Installation' Project. The stock would be valued at a much higher valuation of RM2.63/share

Their strong connection with PETRONAS

fayzspace I read ur STAR on-line article above. Don't see Barakah as one of the contractors. Pl correct me

Financial year ending id 30 June 2013. First Quarter is 30 Sept 2013, reported loss of RM 457,000

thks calvin for ur sincere comments. Welcome back and glad to know u have not sold but increased ur stake..

But first the 'KING' must answer his loyal subjects whether he sold all his 1600k shares.

calvin, did u sell all your 1600k shares?

The KING is on board

Current orderbook stands at RM775m while tender book is significant at RM6.1b. The company is confident of securing RM500m-RM600m new contracts per annum for the next three years on: (i) continued growth in market share in the commissioning segment, and (ii) increased subcontract work in the T&I space.

The group to achieve RM38.0m (+14.5% YoY), RM49.0m (+28.9% YoY) and RM73.1m (+49.2% YoY) of net profits in FY13, FY14 and FY15, respectively. Its FY13, FY14 and FY15 turnovers, meanwhile, are expected at RM287.0m (+42.1% YoY), RM435.0m (+51.5% YoY) and RM522.8m (+20.2% YoY), respectively. 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.

Assuming Barakah manages to secure a whole package of the 8 billion Pan Malaysia’s 'Integrated Transportation & Installation' Project (T&I) by 4Q13-1H14, the stock would be valued at a much higher valuation of RM2.63/share

The group’s dedicated management team has an excellent historical track record in formulating and implementing strategic plans and posses delivery track record with zero long-term injuries since 2000. The group is led by an experienced Board with vast experiences in various senior leadership and operational positions in the oil and gas sector, especially in offshore pipeline installation.

strong closing with good volume. would thread further tomorrow

Strong co with excellent track record; sound management and strong future growth potential. The price retracement today is temporary and expected from a overbought situation. Should see it movin up tomorrow if the overall market sentiment is good. Need to watch DOW tonite.
13/11/2013 19:46

It will bounce back today

RM5.8 earning per share ! Where did I mention this my amateur friend

Strong co with excellent track record; sound management and strong future growth potential. The price retracement today is temporary and expected from a overbought situation. Should see it movin up tomorrow if the overall market sentiment is good. Need to watch DOW tonite.

ojwong and nkn1, pl share ur info on the contracts

on the way to break 30c. calvin's statements is a booster I pray

well lets wait, as the stock is rebounding from its lows

First Posting: My friends PE is 40.69x FYE June 2013 earnings! it is high
Assumption: PE of 20x; based on EPS CAGR of *20%p.a (*high, but ok, EPS 2013 5.80c )over the next 3 yrs.
Result: I only see a price of Rm 2.00 based on FYE 2016 earnings per share. Please correct me here if I am wrong. Thks
07/11/2013 12:35

I am compounding EPS 2013 of 5.80c by '20%' p.a for 3 years in view of these goodies to come. I think it is reasonable
07/11/2013 12:58

As it stand now, they r basically 'fronloading' many years of potential growth into the current price. This is essentially stealing the future earnings from potential shareholders. Nevertheless, it is an atttactive stock at a fairly reasonable price mentioned above. Give others also a chance mah!

Second Posting: I am willing to wait for it to retrace, and has instructed by remeiser to standby for 100 lots. Maybe not exactly Rm 2.00, but Rm 2.20 why not! By the way , I am not any 'amateur analyst'; 'CFA' my dear friend. I have seen this run-up and ' boleh lah' many times. Just being conservative, it always pays in the end. Anyway this is my professional opinion, "not a call to buy/sell".

10/11/2013 12:33

maybe cabut to buy BARAKAH

'gift of god'

go baby go!

wonderful counter!!

looks like this downtrend will continue into tomorrow !

PM Corp sadly lacks a definite marketing & a strong branding strategy for its core chocolate business in Malaysia. Media coverage of its great choc product range is grossly lacking. Nobody knows its market share in the Chocolate Confectionery Industry in Malaysia, so dominated by Cadbury and Nestle. My observation at the main hypermarkets is that Cadbury and Kit Kat chocolates are flyin off the shelves; Ferrero Rocher (standard boxed assortments), has its own established higher income niche market; followed by Kinder Bueno and Kinder Joy etc. Our (NFI) chocolates are there, but consumers are not much in the know. I feel bad when they keep on diggin into Cadbury chocs like they r going out of fashion!

Lets get realistic here! We as shareholders would like to see increased revenue from its core 'chocolate business' in Q3 2013 earnings; apart from those proceeds from asset realization. One should also not harp about imminent increase in NTA from expected gains from undervalued assets e.g. quoted shares, properties etc, which are not booked yet! Focus should be on ‘sales’, our chocs at the hypermarket shelves!

Agree with Fortunebull

Glad u are back, the honorable Ayam Tua, we missed u for a second in this ship. Thank God. Your words are the inspiration for this choc ship's journey to the targeted Rm 1.00 and beyond. When will our heavenly king 'Tudor Calvin Teng' be back in this forum

Yes we need u calvin. No sign of any of our other sifus!!

now we know what these 'sifus' do under the 'yum yum' tree. Yumin it up !!

gone to buy karex condoms again!!

where is the volume for PM CORP sifus!!!!!!

I am willing to wait for it to retrace, and has instructed by remeiser to standby for 100 lots. Maybe not exactly Rm 2.00, but Rm 2.20 why not! By the way , I am not any 'amateur analyst'; 'CFA' my dear friend. I have seen this run-up and ' boleh lah' many times. Just being conservative, it always pays in the end. Anyway this is my professional opinion, "not a call to buy/sell".

QE tapering, if decided upon, will be effective next January in moderation

P/E is at 23.6x based on 2012 earnings . q on q earnings for 2013 is lower than 2012 thus far. In 2012, the co chalked up average quarterly revenue of RM 264m; and total revenue was RM 1.056b. I doubt 2013 can top RM 1.056b, judging by the 2013 quarterly earnings available so far; and 2 more quarters results to come ( 3rd quarter pending).

1.At current price, PE is 41.21x FYE June 2013 earnings! it is high

2.Assumption: Based on a reasonable PE of 20x; EPS CAGR of *20%p.a over the next 3 yrs till 2016. (EPS 2013 5.80c)
Result: I only see a price of Rm 2.00 based on FYE 2016 estimated earnings
Note: *I am compounding EPS 2013 of 5.80c by '20%' p.a for 3 years in view of all the goodies outlined above. I think it is reasonable

As it stand now, they r basically 'fronloading' many years of potential growth into the current price. This is essentially stealing the future earnings from potential shareholders/newbies. Nevertheless, it is an atttactive stock at a fairly reasonable price mentioned above. Give others also a chance mah!

09/11/2013 13:12

My friends PE is 40.69x FYE June 2013 earnings! it is high
07/11/2013 11:19

Assumption: PE of 20x; based on EPS CAGR of *20%p.a (*high, but ok, EPS 2013 5.80c )over the next 3 yrs.
Result: I only see a price of Rm 2.00 based on FYE 2016 earnings per share. Please correct me here if I am wrong. Thks
07/11/2013 12:35

I am compounding EPS 2013 of 5.80c by '20%' p.a for 3 years in view of these goodies to come. I think it is reasonable
07/11/2013 12:58

As it stand now, they r basically 'fronloading' many years of potential growth into the current price. This is essentially stealing the future earnings from potential shareholders. Nevertheless, it is an atttactive stock at a fairly reasonable price mentioned above. Give others also a chance mah!

09/11/2013 13:12

Ayamtua and Mike, would sinerly thank u guys for ur tireless efforts in keeping this forum alive with ur comments and unbiased justifications. I don't think there r any e-forums around that are more exciting than this! Lets pin our hopes on this stock based on its strong growth potential. The rest of the fianacial parameters will move in tandem with this.

work already going on for removal!!

someone pl clear the logs on the 'bullet choc train' tracks at 34.5c fast. its a runaway train on a mercy mission to reward its faithful passengers. Ha ha!

choc train gaining speed!

The "PMCORP MESSIAH" HAS SPOKEN. WONDERFUL FACTS. WHT WAITING FOR. BUY AND KEEP FOR REWARDS!!

Fortuneball.I am compounding EPS 2013 of 5.80c by '20%' p.a for 3 years in view of these goodies to come. I think it is reasonable.

Assumption: PE of 20x; based on EPS CAGR of *20%p.a (*high, but ok, EPS 2013 5.80c )over the next 3 yrs.
Result: I only see a price of Rm 2.00 based on FYE 2016 earnings per share. Please correct me here if I am wrong. Thks

My friends PE is 40.69x FYE June 2013 earnings! it is high

have steely faith in Ayam tua's predictions. Hold tight. Do not waiver

PE at current price is 30.6x - based on '12 earnings

listen to the 'golden chick,' 'AT' and have faith

should do well today.

suddenly this forum is quiet silent

ayam tua pl advise