http://announcements.bursamalaysia.com/edms/edmswebh.nsf/LsvAllByID/8FE0E80E8315DE7A48257D52005D935D?OpenDocument

Tks for d values info, these r ppl controlling prices probably they may be laughing at our conversation ha ha ha.

KUALA LUMPUR: Profit taking on banks including CIMB took the wind out of the two-day rally as Malaysian equities slipped back into the red at midday on Tuesday.

SINGAPORE: Brent edged up on Tuesday, holding above US$85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy.

SINGAPORE: Brent edged up on Tuesday, holding above US$85 a barrel as robust China oil demand supported prices, although gains were capped by oversupply and lingering fears of a weak global economy.

Hi! what happened low palm oil price so edible oil company shd be making money...gone like Keywest!!!!!!

The last Q profit was not included in d news for reason known to us n in d coming Q obviously will be included.If HS is submitting to Bursa when d pr was 33 he knows what he is doing so now we keep guessing n possible sudden spike!!!!!

Homework.

http://www.malaysiastock.biz/Corporate-Infomation.aspx?type=A&value=S&securityCode=1201

http://www.bloomberg.com/quote/SMTC:MK

......old news just to refresh d mind!

http://www.thestar.com.my/Business/Business-News/2014/09/03/Halim-set-to-raise-stake-in-Sumatec-to-32/?style=biz

“With positive sentiment over the US and regional, we expect the local market to trend higher today but investors are advised to remain cautious given the increasing volatility of the local market. Expect to see immediate at resistance at 1,805 to 1,810,” it said.

Extraction of shale using "mobile assets" by US is very costly.The quantity of shale oil varies from each source so Obvioisly very costly.Suma is debt free n soon they r going to start selling gas.

All i know it is more costlier to produce shale oil then crude...!!!!!!!

It maintained ‘buy’ on SapuraKencana.

On a side note, AllianceDBS Research pointed out that it would still be a ‘buy’ even in its bear case scenario of oil price of US$75 per barrel.

KUALA LUMPUR: CIMB Equities Research is maintaining its Overweight recommendation for the oil and gas (O&G) sector due to its importance in the government's Economic Transformation Programme (ETP) and the contract pipeline arising from Petronas’s capex.

“Our top picks are SapuraKencana among the big caps and TH Heavy among the small caps,” it said on Tuesday.

The research house had, in light of the oil price weakness, checked with the companies in its oil & gas portfolio on the stability of their order books.

“The feedback is all-around positive, with the managements assuring us that their companies' contractual terms and rates are intact, and that they are not tied to the oil price,” it said.

To recap, Malaysian oil & gas companies are service providers with operations in various segments along the value chain, from retail and distribution in the downstream to seismic and marine support in the upstream.

I feel syndicates r trying to push pr down becoz they know pr will eventually may hit 62+++++ for Bursa to approve d RI of 40. This is d second RI within a short period so Q shd be promising "EPS" otherwise bursa may not approve so i feel d next Q on 18/11 is good.

HONG KONG: Asian markets rallied on Monday following a rise in New York at the end of last week, with Tokyo surging almost 4%, thanks also to a weaker yen.

Reuters reported Brent crude steadied around US$86 a barrel on Monday, holding on to a rally from near four-year lows last week on news of a cut in Saudi-Kuwait oil output. US crude rose 12 cents to US$82.87.

The firmer oil price give SapuraKencana a boost, sending its share price up 13 sen to RM3.60 and adding 1.37 points to the KLCI...........what happened to Suma?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1770373

SMTC:Bursa Malays Stock Quote - Sumatec Resources Bhd ...
www.bloomberg.com/quote/SMTC:MK
Stock analysis for Sumatec Resources Bhd (SMTC:Bursa Malays) including stock price, stock chart, company news ... Next Earnings Announcement, 11/18/2014 ...

However, production has been halted temporarily at the Saudi-Kuwait Khafji oilfield, which has output of 280,000 to 300,000 barrels per day (bpd), just over 2% of Saudi Arabia's total output capacity.

US crude gained 39 cents to US$83.14 a barrel.

SINGAPORE: Brent crude edged higher on Monday, holding on to gains scored in the previous session that took it above US$86 a barrel after robust US data buoyed global financial markets, with a cut in Saudi-Kuwait oil output providing further support.

Libya is currently producing 800,000 bpd of oil, down more than 40% from its peak of 1.4 million bpd in mid-2013. – Reuters

Anybody: current pr 335 can buy dont think too much just buy.

http://www.bloomberg.com/quote/SMTC:MK

Asian stocks started the week on a brighter note on Monday, after solid U.S. data and earnings calmed tumult in global financial markets and reassured investors worried about the health of the world economy, Reuters reported.

KUALA LUMPUR: The FBM KLCI extended its gains at midday on Monday on local fund buying of banks and oil and gas heavyweight SapuraKencana Petroleum, in line with the firm key Asian markets.

Good morning...a lot of catalyst n info for Suma to spike.

NEW YORK: It is a toss-up whether the market found a bottom this week, but bulls could find some support as corporations, mostly on the sidelines as the market tumbled, step up their stock purchases in the coming weeks.

“If you truly believe your prospects are bright and you’d like to return capital to long term holders of your stock, it is an excellent time to buy back shares,” said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

“It would seem stupid to let this opportunity pass.”

November buybacks would by no means be a novelty. Goldman Sachs data show that, in the last seven years excluding 2008, November accounted for about 14 per cent of the yearly buyback activity, the most for any month.

About eight per cent of buybacks happened in October during that period and 10 per cent in December.

The market is entering the busiest part of earnings season, with results due from 128 S&P 500 companies, including six Dow components.

“This week is one of the busiest we have, so that unlocks a lot of buyback programmes after that’s over,” said Art Hogan, chief market strategist at Wunderlich Securities, here.

He said the impact of those post-earnings buybacks has been consistent in the past years as “companies have been buying stock pretty aggressively”.

If buying ahead of what could be a good opportunity for companies themselves to purchase their stock is not a good enough reason, fundamentals are also on the bulls’ side.

There could be a net foreign inflow situation in the fourth quarter as foreigners take cognisance of the government’s effort to reign in budget deficits while promoting economic growth by targeting specific high value- added activities.

Investors should buy on weakness fundamentally solid high beta stocks in the domestic sectors that will benefit from Economic Transformation Programme (ETP)- related initiatives and improved external demand, especially with disposable income rising.

While neutral on property, there are pockets of opportunities for developers like Huayang and Sentoria that cater for the affordable segment. Mah Sing has sizeable projects along the growth corridors that will benefit from the ETP.

A rebound in crude oil prices mitigated the downbeat sentiment on the local equity market last week as investors returned last Friday to nibble on some badly beaten blue chips and oil and gas stocks.

The strong pullback emboldened hopes for a continued revival this week and could be supported by a similar recovery on Wall Street last Friday.

While it is understood that last week’s correction was driven by external factors, it is noteworthy to point that fundamentally nothing has changed externally to warrant a change in mood when the index rebounded.

Got oil n got gas so no worries on costing!!!!

Dir did mention that talk is going on to tranfer to MB about 8 mths ago when many many started buying?... what happened to d talk, equalavent to taking ppl for a ride!!!!!

Greek PM Says He Can Ride Out Market Turbulence And Quit Bailout

RHB Investment Bank chief executive officer, Mike Chan, said the group of companies at Invest Malaysia Hong Kong 2014 represented over US$60bil in market capitalisation and was a showcase of the diversity of Bursa Malaysia-listed companies, which ranged from large flagship names to mid-sized and small-cap companies. “We anticipate a strong pick-up following this investment roadshow and RHB Investment Bank, with our regional arm established in Hong Kong, is well-suited to connect these funds out of Hong Kong into the Malaysian marketplace,” he said. — Bernama..........copy n pasted for yr info which may act as catalyst for Klci.

COMPANY PROFILE & KEY EXECUTIVES FOR SMTC
Sumatec Resources Berhad offers services to the oil and natural gas industry. The Company offers engineering and construction services, offers marine transport services of oil, provides onshore drilling rigs and related equipment, stores oil, and explores and develops marginal oil fields. Sumatec also builds biomass fueled power plants, and explores and mines for metals.
Christopher Layton Dalton
Chief Executive Officer
Roshidah Abdullah
Chief Financial Officer
M Chandrasegaran "S Murugasu"
Joint Secretary
Lim Seck Wah
Joint Secretary
More Company Profile & Key Executives for SMTC
Quotes delayed, except where indicated otherwise. All prices in local currency. Time is ET.

When Suma was hitting 60+++ IBFM told to take Suma off d table becoz PN17 status n therefore no bank loan which cause d plunge.Now out from PN17 n got profit so 80-1.00, ha ha now tide changing.

But also don't forget some companies r on forward sale!!!!!!!!!!!

"Bukan takut lah"...who don't want money I was actually putting words into this forum mouth to get some inputs....now cat seems to be out of d bag... But don't forget a lot depends on d coming Q...i feel its good.

If i give high figure then i might be whacked so i follow your price where is d "tunggu" gone!

LONDON: Brent crude oil rose above US$86 a barrel yesterday, bouncing from near four-year lows as investors bought back into a market they said was oversold, and as fighting in Iraq increased political risk.

Companies with good fundamentals, still lost their bearings becoz of global sell down otherwise Suma would been in d region of 55 n not 33...now it may return to 55 b4 18/11 n from then onwards to 60+ until d exercise is over b4 end of d year...my version...pls continue.....!!!!!!

From d report i notice eps 0.2277.....elaborate please!!!!!!

Obviously HS must hv submitted a positive report to Bursa to get d approval of 40 for RI so mother's price.........?

Can anybody comment on this latest report..tks.

Current P/E Ratio (ttm) 1.4490
Estimated P/E(-) -
Relative P/E vs. FBMKLCI 0.0892
Earnings Per Share (ttm) 0.2277
Est. EPS -
Est. PEG Ratio -
Market Cap (M MYR) 1,147.63
Shares Outstanding (M) 3,477.67
30 Day Average Volume 80,186,880
Price/Book (mrq) 0.9110
Price/Sale (ttm) 37.1605
Dividend Indicated Gross Yield -%
Cash Dividend (MYR) 0.2940
Dividend Ex-Date 08/20/2010
5 Year Dividend Growth -
Next Earnings Announcement 11/18/2014