Interesting!

what is MIE's relationship with Reach Energy?

very old news in the context of the market!

wait a few months then have the operator push again, usual pattern with con counters like this

just the normal legalised theft when there are no foreign funds coming in, con retailers into buying high and then press it relentlessly to steal their cut loss.

no good saying CEO has no balls etc. the directors want this more than anyone, as net beneficiaries when they buy back low.

Am I the only one that thinks this is a cynical corporate exercise to press down the price for a private placement, so that the director's buddies can benefit big time from all of us retailers cut loss.

up or down must but it's the quantum on the day

SHQuah what's the point in this message. He loves it! Push all the retailers to the brink of bankruptcy and collect their cut loss. Directors are the ones selling it down through their proxies to push price lower, get yall to cut loss on forced sell and collect low, then push in a few months when everyone has forgotten No UMA coz smart, just put big Buy Queue, fool the retailer there's support and then pow, sell down huge waterfall 1 or 2 bids every day. Holland here we come.

what's this, "The Edge" coming out with something positive about Felda!!!

http://www.theedgemarkets.com/my/article/pm-najib-felda-investment-revamp-strengthen-corp-arm

downward momentum

http://www.nst.com.my/news/2017/01/203949/airasias-group-coo-dies-cancer-43

ok I see. But actually converting tis into a profitable revenue stream is something else and short term fluctuations in the gold price can hardly affect gold that is yet to be extracted can it?

How does Gold affect this stock, can anyone elaborate?

http://www.bernama.com/bernama/v8/bu/newsbusiness.php?id=1314129

Malaysia Oil & Gas - Upgrade to POSITIVE
Author: kltrader | Publish date: Mon, 19 Dec 2016, 09:55 AM

Positioning ahead of a cyclical recovery

We upgrade the sector to POSITIVE, ahead of its cyclical recovery, on an improving risk-reward outlook. In our view, the sector has bottomed. We see two major catalysts. Firstly, OPEC and non-OPEC’s move to cut output will accelerate the demand-supply rebalancing of the oil market and spur capex/activities growth. Secondly, we foresee multiple benefits to Malaysia’s O&G operations should Saudi Aram co’s plan to invest a 50% stake in PETRONAS’ RAPID project materialize. For that, we lift earnings multiple peg to 12x (from 10x), resulting in TP/call upgrades. Key BUYs are Yinson, SAKP, Icon and KNM.

OPEC and non-OPEC’s slick move

The joint agreement by members of the OPEC (1.2m bpd) and several non-OPEC producers (0.6m bpd), a first since 2001, to cut oil output by 1.8m bpd from Jan 2017 for 6 months (to Jun 2017), reflects a major statement to a stabilizing oil market that will lead to a start of a cyclical recovery. The cut, which equates to 1.5 years of global consumption growth, if executed well, will: (i) accelerate the rebalancing of the demand-supply equation of the crude oil market, (ii) kick-start capex growth and (iii) support firmer oil prices. Our house view for crude oil price is an average USD55/bbl in 2017.

Saudi Aramco’s wild card

Talks of Saudi Aramco taking a 50% stake in PETRONAS’ RAPID project for an estimated USD21b, if it materializes, would be a major positive. For PETRONAS, it means: (i) the ability to realise value from its RAPID investment, (ii) the new capital can be deployed to jump-start its capex programs (i.e. upstream E&P), that have been affected by the cyclical downturn and (iii) its commitment and ability to pay dividends to the Government would remain intact. A higher capex program by PETRONAS translates into higher activity, eventually benefiting the upstream players and service providers.

Raised optimism for the next 6 months

We take the view that the sector has bottomed and is en route to a cyclical recovery. Operationally, day rates, asset utilization and order backlogs are at a trough. Cost cuts and cash flow preservation have been intense over the past 24 months. Enquiries are on the rise while the tender pipeline has been growing. Much of the negatives have been priced in and sector will re-rate as oil price continues to strengthen. With most stocks having de-rated and much of their values lost, it is, in our view, an opportune time to bottom-fish with much trading opportunities for a sector that has been sidelined and under-owned for a while. We have lifted earnings multiple peg to 12x, from 10x, leading to: (i) raised TPs on five stocks, (ii) two recommendation upgrades (to HOLDs).

Source: Maybank Research - 19 Dec 2016

http://www.thestar.com.my/business/business-news/2016/12/12/fgv-not-mentioned-in-ag-report/

http://www.perisai.biz/ Am I missing something here? The fact that the oil price is rising is due to an agreed cumulative cutback of around 2M bbls per day is it not? Since Perisia's core business is in getting oil out of the ground and providing services to other companies who are getting oil out of the ground, how could cutting back on getting oil out of the ground have a positive impact on Perisai? Those more knowledgeable of this industry than I can feel free to knock me down on this, but as a basic business model where income streams are derived from and dependent on the levels of production of oil, it must follow that a restriction on these production levels presents a further and quite possibly catastrophic throttling off of potential revenue increases and a restricted customer base at a time when the company can least afford it?

now do you see what an utter rag that Edge is!!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5277405

You probably work for them. I bet for every one they get right they get two wrong. They tell lies, that's enough for me.

they make up what they don't know.....it's a rag

they have seen a brilliant opportunity to destabilise and cause mayhem. I think we can expect daily tales of gloom and doom from (living on) The Edge comic going forward.

now they claim 300m write off. Why does anyone believe what's written in this rag?

http://www.theedgemarkets.com/en/node/312138 another of their fabrications

http://www.wsj.com/articles/malaysia-orders-suspension-of-two-publications-1437733153 it's revenge for this!

AdCool this is the way the Edge try to stir up trouble in GLC companies. they are anti govt.

AGM tomorrow will bring good news I'm sure.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5262077

jeeze superb QR stock goes down wtf

Perisai Petroleum - Profound challenges
We resume coverage of Perisai with a comprehensive revision of forecasts.
Perisai’s biggest challenge is negotiating with lenders on the rescheduling of its
debt maturities, this includes not only the MTN bondholders, but also the
bankers. Perisai cannot count on support from its strategic shareholder, Ezra,
who is facing its own problems, which explains our Reduce rating and SOP
target price of 8 sen. If Perisai is liquidated today at a 20% discount to its blue
skies valuation, there may not be enough to settle its debts, leaving
shareholders with almost no residual value.

who's buying Perisai today, Donald Trump?

Jetli, your stats apply to the Malaysian market or all markets? Because my experience is that because of the small number of stocks traded here, all are heavily manipulated in this market. Perhaps other markets such as the US are less skewed in favour of unscrupulous activities from insider traders and syndicate crooks?

Chokra you mention 2 cases of unsuccessful (well from the point of view of minority shareholders anyway) PN 17 cases. Can you balance your argument for the interested parties here by providing 2 cases of successful PN17, where the companies managed to turn around? You see there is no point in painting pictures of doom and gloom without providing the alternative scenarios to allow people to make informed judgements.

well it is Royal Dutch Shell so yes, they most probably did go to Holland

My goodness there are some dim wits here. How many times do you need to be told the same thing? duhhh

if such people are working at these companies, it's no wonder they're in trouble

never heard so much bs in my life from people who don't do any due diligence at all just yak

plenty of rats here feeding the frenzy

“The sales of shares are pursuant to financing arrangements that Datuk Zainol Izzet Mohamed Ishak is a party to and is not a voluntary sale on his part,” Perisai said.

grand you're talking bs. Do your homework before coming on here making crass and unintelligent statements.

http://www.thestar.com.my/business/business-news/2016/10/11/zainol-ceases-to-be-perisai-substantial-shareholder/

Let's all than grand for that well informed and considered contribution. Does your mummy know your playing on this blog btw?

Repeat: However, the Group refers to the fact that business and operations are unlikely to be affected by default and are in continuous contact with financial institutions to minimize any financial impact of default.

In addition, Berlusconi Capital intends to reach a settlement with the creditor under a tentative financing,

Translation: (PERISAI, 0047), a wholly-owned unit of Petrobras (0047), is a wholly-owned unit of Petrochina Group, which is wholly-owned by the Company for a total consideration of S $ 125 million (RM377 million) on Monday (Oct. 3) Subsidiaries can not repay the principal and interest, and both received notice of default.

Pursuant to the notice given by the Escrow Company, Belisai, a wholly-owned subsidiary of Belizean Oil, was unable to pay the outstanding principal and interest on the Notes for five consecutive days, resulting in a default.

In addition, the custodian company further indicated that it had no intention to take any action to declare that the bonds had expired and had to be repaid, unless instructed by the creditor.

Belizean said the group is currently operating under adverse financial conditions.

"The current market downturn, the Group's business has been the field of oil and gas shocks, including weak oil prices and economic growth slowed."

The offshore oil and gas sector remains volatile and the market will continue to slack this year, leading to a downturn in the Group's offshore assets and services and continuing challenges, Berlusconi said.

However, the Group refers to the fact that business and operations are unlikely to be affected by default and are in continuous contact with financial institutions to minimize any financial impact of default.

In addition, Berlusconi Capital intends to reach a settlement with the creditor under a tentative financing,

http://www.stockhut.com.my/news/215655

Concerned Director has just exited the company don't forget. Plenty of people here trying to push down more and buy low. If not, then we must assume you've already sold your shares so why comment here panic panic lalalala. Some kind of public service, I don't think so!

they will resolve the problem

"As the primary cause of the insolvency is the inability of Perisai Capital to repay the principal and interest of the Notes due, Perisai Capital intends to reach a mutually agreeable solution with the Noteholders based on the availability of the Indicative Financing. It is expected that this resolution would include a restructure of the due date of the principal and interest of the Notes, thereby rendering Perisai Capital back to solvency."