snwong13

snwong13 | Joined since 2015-09-09

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2019-02-13 18:14 | Report Abuse

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OTHERS Award of Contracts to KNM Process Systems Sdn Bhd amounting to USD6.487 million

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2019-01-28 21:08 | Report Abuse

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"The gain on sale of Scomi Anticor is expected to have a positive impact on the financial results for the financial year ending 31 March 2019."

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2019-01-20 08:09 | Report Abuse

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Yes, Samling Tycoon of Sarawak!
Have every reasons last year to become substantial shareholders.
Making Barakah one of fews Sarawak O&G Players!
Still receiving contracts.
Be prepared!

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2019-01-19 21:53 | Report Abuse

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"the attractive valuations of MBSB Bank Bhd and AMMB Holdings Bhd that made both appealing acquisition targets;"

"As for MBSB, it said, the group was on track with its business plan to launch retail banking services, and this could be accelerated by way of further consolidation with other banks. In this instance, it said, RHB Bank would likely be the candidate, given both the banks’ common shareholder."

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2019-01-19 21:45 | Report Abuse

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Be Prepared!
Moving into FULL FLEDGED Bank!

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2019-01-19 14:44 | Report Abuse

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Oil price on raising trend.
Added to operating cost

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2019-01-14 06:14 | Report Abuse

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"The ECRL version 2.0 is an excellent opportunity to boost the local construction industry. We have capable companies with the expertise to take the lead in completing the job at a significantly lower cost."

Read more at https://www.thestar.com.my/business/business-news/2019/01/12/local-contractors-should-take-the-lead-in-ecrl-20/#C3Z5vrJiaMwutUM1.99

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2019-01-13 09:28 | Report Abuse

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IJM major shareholder of SCOMI Group.
Will do something about it..
Hopefully...

The major shareholders of Scomi Group are IJM Corp Bhd holding 24.37%, Kaspadu Sdn Bhd 8.91% and Amadia Investment Ltd 7.9%. Kaspadu is Shah Hakim’s vehicle.

http://www.theedgemarkets.com/article/scomi-energy-investigates-rm6433-mil-advance-parent-scomi-group-and-cuts-tie-it

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2018-12-16 16:19 | Report Abuse

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Longer term, yes. At least hold till 2019.
Short term, any oil counters, No!
Perdana and Dayang doing ok comparatively to their peers.
Good Luck!

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2018-12-08 22:38 | Report Abuse

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either being sued or suing someone!

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2018-12-08 22:37 | Report Abuse

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Too many Litigation cases ongoing!!

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2018-11-25 15:48 | Report Abuse

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Yes, perhaps a call for RI is possibly in the pipeline!

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2018-11-24 18:10 | Report Abuse

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We just have to admit that it is not easy to manage a PROFIT for O&G players at this time.
Most of them still struggling but DAYANG/PERDANA have turned around last 2 qtr!!
If you will to notice that these 2 companies recorded a VERY DECENT PBT last 2 qtr since 2016.
This is a turbulent period with TRUMP flying around with Trade war/in Oil Price.
If you still insist to invest in O&G counters, you should know where to find them.
I believed that Saudi/OPEC with do something which they had tried before to push up price.
Before OPEC meeting on Dec 6, G20 next week will give you some tips!
Good Luck!!

https://www.cnbc.com/2018/11/23/opec-reportedly-plans-quiet-oil-output-cut-to-avoid-trumps-ire.html

https://www.bloomberg.com/news/articles/2018-11-23/as-oil-plunges-the-real-opec-meeting-will-be-at-next-week-s-g20

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2018-11-23 21:11 | Report Abuse

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Not so much on NAIM, but PERDANA can possibly ride on Dayang's results! Their businesses are very correlated. ..

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2018-11-23 18:27 | Report Abuse

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Some improvements!
Better than never!

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2018-11-23 18:19 | Report Abuse

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Prospects
(Extracted from Dayang Qtr Result Report)

Business activities have picked up substantially in the third quarter as per our planning schedule given the ramp-up in work orders for the Maintenance, Construction and Modifications Contract (MCM) and Topside Maintenance Services works under the Pan Hook-up and Commissioning Contract (Pan HUC). Consequently, vessel utilisation also came in stronger at 84%, compared to 70% in the second quarter and 27% in the first quarter, giving an average utilisation rate of 61% for the 9 months period in 2018. We are particularly delighted that the synergistic collaboration between Dayang and its subsidiary, Perdana Petroleum has indeed worked out as what we have envisaged to be a leading integrated MCM player.

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2018-11-23 18:08 | Report Abuse

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Dayang results. .Great!
For Info!

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2018-11-13 20:23 | Report Abuse

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OTHERS Perdana Petroleum Berhad (PPB or the Company)
Letter of Award For The Provision Of One (1) Platform Supply Vessel & Two (2) Anchor Handling Tug Supply (AHTS) For Phase 2 D35 Drilling Campaign Offshore Sarawak
PERDANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description Perdana Petroleum Berhad (PPB or the Company)
Letter of Award For The Provision Of One (1) Platform Supply Vessel & Two (2) Anchor Handling Tug Supply (AHTS) For Phase 2 D35 Drilling Campaign Offshore Sarawak
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB” or the “Company”) is pleased to announce that its wholly owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has on 13 September 2018 received the letter of award from ROC Oil (Sarawak) Sdn. Bhd, for the provision of one (1) AHTS for Phase 2 – D35 Drilling Campaign Offshore Sarawak (the “Contract”).

DETAILS OF THE CONTRACT

The Contract commenced on 20 September 2018 for duration of three hundred eighty (380) days with extension option of thirty (30) days. The contract value is RM16.195 million, including the contract value for the option period.

The Contract shall enable PNSB to provide the vessels, crews and associated equipment for continuous 24-hour operations.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2018 and 2019. The Contract will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any interest, directly or indirectly interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract is in the best interest of PPB.

The approval of charterers to release this announcement is required and the Company has on 13 November 2018 obtained the approval to release.

This announcement is dated 13 November 2018.

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2018-11-13 20:03 | Report Abuse

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OTHERS Perdana Petroleum Berhad (PPB or the Company)
Letter of Award For The Provision Of One (1) Platform Supply Vessel & Two (2) Anchor Handling Tug Supply (AHTS) For Phase 2 D35 Drilling Campaign Offshore Sarawak
PERDANA PETROLEUM BERHAD

Type Announcement
Subject OTHERS
Description Perdana Petroleum Berhad (PPB or the Company)
Letter of Award For The Provision Of One (1) Platform Supply Vessel & Two (2) Anchor Handling Tug Supply (AHTS) For Phase 2 D35 Drilling Campaign Offshore Sarawak
INTRODUCTION

The Board of Directors of Perdana Petroleum Berhad (“PPB” or the “Company”) is pleased to announce that its wholly owned subsidiary, Perdana Nautika Sdn Bhd (“PNSB”) has on 13 September 2018 received the letter of award from ROC Oil (Sarawak) Sdn. Bhd, for the provision of one (1) AHTS for Phase 2 – D35 Drilling Campaign Offshore Sarawak (the “Contract”).

DETAILS OF THE CONTRACT

The Contract commenced on 20 September 2018 for duration of three hundred eighty (380) days with extension option of thirty (30) days. The contract value is RM16.195 million, including the contract value for the option period.

The Contract shall enable PNSB to provide the vessels, crews and associated equipment for continuous 24-hour operations.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets of PPB Group for the financial year ending 31 December 2018 and 2019. The Contract will not have effect on the share capital and shareholding structure of PPB.

RISK FACTORS

The risks associated with the Contract are normal operational risks which can be mitigated through PPB Group's system of project management and internal business controls.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders or persons connected to them have any interest, directly or indirectly interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of PPB is of the opinion that the acceptance of the Contract is in the best interest of PPB.

The approval of charterers to release this announcement is required and the Company has on 13 November 2018 obtained the approval to release.

This announcement is dated 13 November 2018.

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2018-11-12 13:09 | Report Abuse

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Based on the audited consolidated financial statements of MRCB Group for the FYE 31
December 2017 and on the assumption that the Concession Termination had been effected
at the beginning of that financial year, the EPS of the MRCB Group is expected to increase
from 6.56 sen to 7.50 sen as a result of the Concession Termination

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2018-11-03 11:19 | Report Abuse

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Yes, hope some "good" news for ICON.
Once nearly done with VELESTO, now possible another round "TALK"!!

http://www.theedgemarkets.com/article/budget-mof-helm-special-special-task-force-review-role-and-function-mofowned-firms-and

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2018-11-03 10:59 | Report Abuse

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Yes, at least, KNM is still relevant though a small project, in that sense..
Once a "bigger" one in, too late to chase!
Good Luck...

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2018-11-03 10:50 | Report Abuse

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Hope Khazanah will give some to UEMS!

http://www.theedgemarkets.com/article/budget-khazanah-develolp-80acre-plot-subang-worldstandard-aerospace-hub

"An 80-acre plot of land in Subang is to be developed into a world class aerospace industry hub by Khazanah Nasional. High-skilled workers will be nurtured in collaboration with MARA;"

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2018-10-16 17:49 | Report Abuse

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Restraining Order granted.
Some breathing space for Barakah.