.
Heavy Debts needs attention.
We will see how investors react tomorrow.

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Yes, get ready!
Many others O&G counters already moving up.
Anytime from now...ICON...

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EPF coming back!
Good sign!!

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Bear in mind, it is a 9 months contract.
If they can manage through, you will see beautiful results over the spread of next 3 qtr!

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The currently awarded contract will contribute to FY19 profit greatly!
I am collecting both Mother and warrant.
Warrant attractive to buy with reasonable exercise price. Currently below Mother share price. Good to collect them now and decide if to exercise them later.
I guess they fixed the exercise price when the mother price is historical low end of last year!
Take a look at warrant exercise price for velesto and sapura and compare, you will buy Alam warrant.
Good Luck!

^The duration of the contract is from March 5 until completion of the work, which is expected in the fourth quarter of this year.^

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Just be patient with it.
Those who got 0.055 before, u are laughing all the way..
I see potential in SCOMIES who has the abilities to secure a RM610 M projects from overseas!!
Start collecting now before it cross 0.100..
Good Luck!

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Perhaps the price will be running somewhere there while awaiting for May 19 qtr result.
Its all depends on every investors risk appetite.
Some gain or loss few cent, run. .
I will keep till May 19 as I see potential.
By then, we will see how if we decide to move into following qtr.
Good Luck!

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Many will start to say only RM17.7 M!!
Mind you, smaller contracts size had its costs efficency giving better ROI
More to come!

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Hold with confident till next qtr result out.
Hit and Run, you may gain or you may loss.
Dayang will keep Perdana busy in 2019!

The Board of Directors of PPB wishes to announce that the wholly-owned subsidiary of the Company, Perdana Nautika Sdn Bhd (“PNSB”) has on 20 and 21 March 2019 accepted the letters of award to charter two units of accommodation workbarges (“AWB”) to Dayang Enterprise Sdn Bhd (“DESB”), a wholly-owned subsidiary of Dayang Enterprise Holdings Berhad (“Dayang”) which is a major shareholder of PPB. The first AWB will be chartered for a period of 120 days with an extension option and the contract will begin on 29 March 2019. The second AWB will be chartered for 200 days with an option period of 15 + 15 days and the contract is effective from 1 April 2019 (collectively, the “Vessels Charter”). The Vessels Charter is related to the contracts secured by DESB. The total estimated contract value excluding the option period for the Vessels Charter is approximately RM17.7 million.

Please refer to the attached file for full details of the Vessel Charter.

This announcement is dated 21 March 2019.

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US oil prices hit $60 a barrel for the first time since November 2018!

https://www.cnbc.com/2019/03/20/oil-market-us-china-trade-talks-supply-cuts-in-focus.html

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US oil prices hit $60 a barrel for the first time since November 2018!

https://www.cnbc.com/2019/03/20/oil-market-us-china-trade-talks-supply-cuts-in-focus.html

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Congratulations to those who solid hold Perdana.
If you will to notice, Perdana price did not run at a faster rate then Dayang. I were considered Perdana share reasonably low.
Please recall the price of Perdana when its suspension was uplifted. Undeniably, there was a down fall since the global oil price is rock bottom and many O&G experienced huge losses!
You will know what price Perdana is going to head to by NOW!
Bear in mind! Both Dayang and Perdana operations compliment each other!
Both show decent Qtr results compared to their peers!
I am keeping their shares till next qtr result announcements as I see great potential and fundamental in them!
Good Luck!

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FYI

"The price target was raised to RM1.15 from 91 sen, implying a 18% decrease. Dayang's average price target was RM1.23."

Read more at https://www.thestar.com.my/business/business-news/2019/03/19/dayang-snaps-rally-after-downgrade-short-selling-suspended/#l1bPLMUmHqWzJw0W.99

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Most oil counters staged a recovery.
Global oil too on uptrend!(https://www.cnbc.com/2019/03/18/oil-market-opec-supply-cuts-us-sanctions-in-focus.html)
Now the question is how far they can go.
I believed most of them had tidy up their kitchens by now.
If everything goes fine, you will see the fruits soon.
Not only Alam I invested but many other oil counters!
Different in Alam is that I hope to be extra rewarded with the warrant!
Good Luck!

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Where on earth the Edge got the figure!

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OTHERS BARAKAH OFFSHORE PETROLEUM BERHAD ("BARAKAH" OR "THE COMPANY") - CLARIFICATION ON A NEWS ARTICLE APPEARING IN THE EDGE MALAYSIA BUSINESS AND INVESTMENT WEEKLY PUBLICATION FOR THE PERIOD FROM 18 - 24 MARCH 2019 ENTITLED "BARAKAH SEEKS TO RESTRUCTURE RM726 MIL DEBT"

Reference is made to the news article entitled "Barakah seeks to restructure RM726 mil debt” appearing in The Edge Malaysia Business and Investment Weekly publication for the period from 18 - 24 March 2019.

The Board of Directors of Barakah (“Board”) wishes to clarify that the Company is still in the midst of formulating a debt restructuring scheme to settle the Group’s debt. At this juncture, the actual amount of debt to be restructured has yet to be determined. It is to be noted that based on our fourth quarterly (4th) unaudited financial report for the financial period ended 31 December 2018, Barakah and its subsidiaries recorded a total liabilities of RM335.6 million.

As announced by the Company on 6 March 2019, the High Court of Malaya at Kuala Lumpur had on 6 March 2019 granted, amongst others, the following:

(a) the Restraining Order be extended for a further period of 90 days commencing from 14 January 2019;

(b) contingent creditors be expressly excluded from the Restraining Order; and

(c) Encik Sulaiman bin Ibrahim be approved to act as director of the Company pursuant to Section 368(2)(d) of the Companies Act 2016.

The Restraining Order was applied as one of the proactive measures taken by Barakah to manage the debt levels of the Company and its wholly-owned subsidiary, namely PBJV Group Sdn Bhd (collectively known as “Barakah Group”) and the Restraining Order allows the Barakah Group to negotiate terms with its lenders and creditors without having the threat of any proceedings and actions being brought against the Company.

No definite or conclusive terms have been agreed upon with any of the lenders and creditors of Barakah Group. An appropriate announcement will be made by the Board in the event that the finalised debt restructuring scheme is agreed upon.

The Board is cognisant of the need for proper dissemination of information to the public and will release an announcement on Bursa Malaysia Securities Berhad (“Bursa Securities”) on any material information on a timely basis as required by the Main Market Listing Requirements of the Bursa Securities.

This announcement is dated 18 March 2019.

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If the company is progressing well in the next 1 or 2 years, worth to invest as the free Warrant will further reward you.
The gearing is not so bad. With some push of revenues, it will turn around! - revisit Last report.
Last AGM did mention, 2019 remains challenging.
So be patient. Buy and keep till 2020.
Good Luck!

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No harm to invest "some" (spread your portfolio) in BARAKAH while still at historical low!!.
Losses gap down in 2018 (-RM62M) compared to 2017 (-RM217M)
Decent cash/Bank balances.
Awarded some contracts of late with great presence in Sarawak/its shareholders.
Thus still have some prospects to aim....
You may have a HUGE gain with JUST a little few sen of gap up!
Good Luck

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Yes, more to come tomorrow!
Look back on the press release, all good news on MEDIA..
If there is any sell down, someone will pick up...

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Yes. Hold Tight!
Yesterday touched 60 cents.
Should have good news on take over!
Monday, more to come! May cross 60 sen. .
Last qtr EPS 7.14, cannot be no interested party taking over!
Good Luck!

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Why worry?
Perdana making profits last 3 qtr.
Dayang will support them in projects.
I doubt those selling off were short term players.
I will stay and collect till next qtr result out.
By then..I may have another 50% to 60% return!
Decent price now.
TP 70 not impossible!

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ICON - backed by solid shareholders!
SAPURA - KING of O&G in Malaysia. They did their homework. Expected to shine gradually!

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Oil price continue to spike!

https://www.cnbc.com/2019/03/13/oil-markets-saudi-oil-exports-us-inventory-in-focus.html

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Yes, I am ready for BARAKAH since last week!
All Sarawak Players doing a good show!
Bear in mind BARAKAH is also a player awaiting to take off anytime.
Projects lots present in Sarawak and one of major shareholders is a Sarawakian tycoon.
Still low. ..
I am adding in ICON and SAPURA since still low too. .
Don't miss the boat!

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Great!
All Sarawak Boys going very well!
Left BARAKAH !!
Include ICON too...
Hold tight!!

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Congratulations!
A great day for me!
Be mindful next Sarawak Player BARAKAH!
And O&G King, SAPURA!
I am ever ready for them another ride anytime!!
Good Luck!

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FYI

https://www.theedgemarkets.com/article/stocks-dollar-fall-global-growth-worries-mount

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So far, dayang, well done!!
Be mindful with your investment strategies for any stocks you decided to invest!
General investment rules, Spread your risk, be precise with your budget for your stocks and know your OWN limit.
The hard earned money is yours!
Digest more current market trends, both globally and locally, for your next moves.
I have all my profit earned from dayang stay while freeing part of my dayang capital for other potential stocks. I think that is my better position from now.
If the price moves higher, I still have my shares though lesser.
If the price comes down, I may consider re-entry though it may not happen.
AND I still have my freed capital to built up my other investment portfolios.
Good Luck!!

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FYI

https://www.theedgemarkets.com/article/sarawak-cm-happy-outcome-ma63-negotiation

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My next re-entry price can be lower or higher, does not matter, so long I have my profit! Can be more or less!
That is how we manage as we go along with global trends...

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No problem, I will make sure I earn but less. It is still ok.

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So far, Great Job, Dayang!
Exit yesterday first, Will observe how investors react to the below news for my next re-entry!

https://oilprice.com/Energy/Energy-General/Oil-Prices-Sink-On-Negative-Economic-Data.html

https://www.cnbc.com/2019/03/08/movement-in-shanghai-stocks-following-chinese-trade-data-miss.html

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All the Sarawak boys, Dayang, Penergy, HSL, KKB, Naim ramp up recently!
Soon Barakah turns once its dust settled down!
Stay Tuned!!

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Be prepared!
Know who are the major shareholders.
Today it ran to 10 sen!

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Just stay cool and collect.
Making profit yet with the backing of Dayang.
Do not be a late comers when shoot!
The price is still considerably cheaper.
If Perdana is making losses, we have different stories ...

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Kena again!
How?

https://www.theedgemarkets.com/article/sunway-constructions-unit-sues-ikhmas-jaya-over-unpaid-work

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No worry, whatever it is, I will hold.
No problem, I will top up if gap down kaw kaw!
Revisit the fundamental and,results (last 3 qtrs), you should know why.
Every investors should know where to find better O&G counters to invest by now.
Good Luck!

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FYI. ..

"Oil prices decline on demand concerns to lose roughly 3% for the week"

Weaker-than-expected data on U.S. manufacturing and consumer sentiment, on the heels of a fall in Chinese factory activity to its lowest in three years, raised worries about energy demand.

https://www.marketwatch.com/story/oil-prices-linger-near-3-month-highs-as-crude-supply-appears-in-check-2019-03-01

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Extra Booster!

Oil surges 2.6%, settling at $56.94, as US crude stocks plunge and Saudis brush off Trump tweet!

https://www.cnbc.com/2019/02/27/oil-markets-opec-us-crude-inventories-in-focus.html

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https://www.thestar.com.my/business/business-news/2019/02/27/media-prime-records-fy18-net-earnings-of-rm58pt6mil/

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Yes, GREAT!!
EPS 0.714!!!

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Expected goreng - goreng! Some will opt profit taking partially or fully since this is the best time to max $$$. Some stay. That's the games of share trading.
We will see how it ends..

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Going to be a busy day tomorrow for DAYANG..
Its subsidiary PERDANA, very hopefully will follow too...."Don't Forget to support ya.. !! "
Both recorded a decent black last 3 qtr result continuously.
Together, they have "Overseas presence !!"
Thanks DAYANG fans!

Good Luck!

Extracted news on PERDANA therein:-

“We are delighted that the synergistic collaboration between Dayang and its subsidiary, Perdana Petroleum has worked out as what we have envisaged to be a leading integrated MCM player,” it added"

"Meanwhile, Dayang subsidiary Perdana Petroleum Bhd, which owns a fleet of offshore support vessels (OSVs), reported a higher vessel utilisation rate of 84% in the third quarter ended Sept 30, 2018 (3Q18) from 70% in 2Q18"

"Perdana attributed this to improved work orders from oil majors."

Read more at .https://www.thestar.com.my/business/business-news/2018/11/26/dayang-wins-overseas-deal/

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Another coming booster!

https://www.ccn.com/us-china-trade-deal-optimism-will-spark-massive-dow-jones-rally

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Dayang fans talked a lots on Monday gap up!
Hope many don't forget about Perdana!
I guess it will cross 30 cents easily!
Simple criteria to judge, both recorded 3 qtr black, yet in toughest O&G business! Why not invest? Isn't it proven its management competencies?
Good Luck! !

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Yes, potential stock recording decent profits over the past!
Reasonable dividends given out very consistently.
Collect patiently and it will be fruitful when time comes.
Goodluck!

Yes. .even in Monsoon season last qtr, still make money. Best!

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Yes. Indeed a good collaborations between Perdana (subsidiary) and Dayang!
Both show BLACK in last 3 qtrs.
Management very serious and disciplined in cost efficiencies!
All this while, if you will to notice, both shares prices move side by side simultaneously...
Their workloads complement each others..
Expected both to gap up next Monday!

"Our fleet utilisation has been gradually improving since the first quarter of 2018 when it was as low as 27%. We are particularly delighted to note that the synergistic collaboration between Dayang and its subsidiary, Perdana Petroleum has indeed worked out satisfactorily and this should reinforce *our* position to be the leading integrated MCM player," it added.

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PERDANA has a good collaborations with DAYANG!!

"Our fleet utilisation has been gradually improving since the first quarter of 2018 when it was as low as 27%. We are particularly delighted to note that the synergistic collaboration between Dayang and its subsidiary, Perdana Petroleum has indeed worked out satisfactorily and this should reinforce *our* position to be the leading integrated MCM player," it added.

http://www.theedgemarkets.com/article/dayang-returns-black-fy18-4q-earnings-strengthen-higher-work-orders

Cheers!

http://www.theedgemarkets.com/article/dayang-returns-black-fy18-4q-earnings-strengthen-higher-work-orders