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More Merits flowing in...

"Oil prices rose almost 3% on Friday as OPEC agreed a modest increase in output to compensate for losses in production at a time of rising global demand."

Read more at:

https://economictimes.indiatimes.com/markets/commodities/news/oil-prices-rise-on-uncertainty-ahead-of-opec-meeting/articleshow/64690934.cms

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OTHERS LETTER OF AWARD TO ICON OFFSHORE GROUP SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ICON OFFSHORE BERHAD, IN RELATION TO THE PROVISION OF ONE (1) UTILITY VESSEL TO HESS EXPLORATION AND PRODUCTION MALAYSIA B.V., FOR THE PETROLEUM ARRANGEMENT CONTRACTORS PRODUCTION OPERATIONS

ICON OFFSHORE BERHAD

Type Announcement
Subject OTHERS
Description LETTER OF AWARD TO ICON OFFSHORE GROUP SDN. BHD., A WHOLLY-OWNED SUBSIDIARY OF ICON OFFSHORE BERHAD, IN RELATION TO THE PROVISION OF ONE (1) UTILITY VESSEL TO HESS EXPLORATION AND PRODUCTION MALAYSIA B.V., FOR THE PETROLEUM ARRANGEMENT CONTRACTORS PRODUCTION OPERATIONS

1.INTRODUCTION

The Board of Directors (“Board”) of Icon Offshore Berhad (“ICON/Company”) is pleased to announce that Icon Offshore Group Sdn. Bhd. (“IOGSB”) has been awarded a contract to provide one (1) utility vessel, to Hess Exploration and Production Malaysia B.V. (“Hess”), for its operations.

2. DETAILS OF THE LETTER OF AWARD

The contract shall commence from the date of the letter of award and shall expire at the end of three (3) years from the vessel’s on hire date with two (2) extension options of one (1) year each (“Long Term Contract”).

3. FINANCIAL EFFECTS ON ICON

The Long Term Contract, valued at approximately RM23.0 million, inclusive of extension period of which such extension is subject to the approval from Hess and/or Petronas Carigali Sdn. Bhd., is expected to contribute positively to the earnings, order book and net assets of ICON for the financial year ending 31 December 2018 and beyond. Notwithstanding this, the Long Term Contract is not expected to have any material effects on the share capital and shareholding structure of ICON.

4. RISKS ASSOCIATED WITH THE LONG TERM CONTRACT

The risks associated with the Long Term Contract are mainly operational risks such as accidents and unexpected breakdown of vessels. In mitigating such risks, ICON carries out routine dry docking inspections, afloat repairs and regular maintenance based on the Company’s comprehensive planned maintenance programme. Together with ICON’s strict health, safety, security and HSSE policy and procedures, ICON is of the view that the likelihood and impact of these risks are considered to be manageable within an acceptable level.

5. DIRECTORS' AND SHAREHOLDERS' INTEREST

None of the Directors, major shareholders of ICON and/or persons connected with the Directors or its major shareholders has any interest, direct or indirect in the Long Term Contract.

6. DIRECTORS' STATEMENT

Our Board is of the opinion that the award and/or acceptance of the Long Term Contract is in the best interest of IOGSB and the holding company, ICON.


Announcement Info
Company Name ICON OFFSHORE BERHAD
Stock Name ICON
Date Announced 22 Jun 2018
Category General Announcement for PLC
Reference Number GA1-22062018-00028

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MOF helped up TRX
Soon they will turn around ICON.
Consolidations with our O&G partners, possible?
Be patient, our turn will come!
Good Luck!!

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https://www.thestar.com.my/business/business-news/2018/06/09/bursa-malaysia-downtrend-likely-to-continue-next-week/

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Read the local/global News carefully to digest if to invest in MRCB.
Termination of HSR impact MRCB to what extend?
US/China/NK beefing up political ties - DJA indicated some good progress last night (up 1.40%)
PH government tried hard to settle the dust once an for all.
Why EPF/LTH top up lately?
Dividend declared.
Good Luck!!

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Don't worry, Datuk James Ling and KWAP started to sapu since end of May 2018!
http://www.bursamalaysia.com/market/listed-companies/company-announcements/#/?company=5141&category=all

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Revisit financial report.
Check how much is the borrowing now.
You have your answer.
All the best!

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Result out.
All the best!

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Yes, more to come.
Top up the right counters!

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MBSB PROFIT AFTER TAX SOARED 212.65% FOR FIRST QUARTER 2018

Kuala Lumpur, 28 May 2018 – MBSB Group today announced its financial results for the
first three (3) months ended 31 March 2018 (1Q18).

 Revenue was consistent on a year-on-year (“y-o-y”) basis at RM815.04 million
 Profit After Tax (PAT) for 1Q18 increased by 212.65% y-o-y and 155.52%
quarter-on-quarter (“q-o-q”) to RM316.79 million
 Profit Before tax (PBT) increased by 222.76% y-o-y and 129.49% q-o-q to
RM409.16 million
 Total assets grew by 3.81% y-o-y and 3.66% q-o-q to RM46.44 billion
 Total deposits increased by RM1.93 billion or 6.02% y-o-y and 3.76% or
RM1.23 billion q-o-q to RM33.99 billion
 Gross loans and financing increased by 2.93% by RM1.00 billion q-o-q

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IniKaLiLa!!

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https://www.thestar.com.my/business/business-news/2018/05/24/media-prima-narrows-net-losses-to-rm21pt8m-in-q1/

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fundamentally ok
time to buy some to keep or average down.
they are the few mega construction firms.
50 sen? if happen, will pick!
90 sen? if happen, wait for further up!

https://klse.i3investor.com/blogs/kltrader/157630.jsp

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"CIMB Equities Research expects significantly weaker performance for the rest of the year for long-haul low-cost carrier AirAsia X due to higher oil prices, with FY18F estimated to be loss-making."

Read more at https://www.thestar.com.my/business/business-news/2018/05/23/higher-oil-prices-to-weigh-on-airasia-x/#E3ckMlFjEXSJhtuG.99

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Qtr result out

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For sharing...
file:///C:/Users/User/Downloads/CMS%20Management's%20note%20-%2020.5.2018.pdf

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yes, naim holding 26% of dayang. naim key person is 1st cousin of taib.
look at who holds the substantial remaining of dayang, kwap. lth, ling families
bear in mind contracts in hands and billion dollars mcm 5 years contracts from petronas.
RHB’s top 20 small-cap picks.
coming qtr result ,may not be good.
40 cents? will top up then.
good luck!

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*“Astro and AMMB could potentially face some near-term selling pressure, ahead of the review of the KLCI constituents in June,....."*

http://www.theedgemarkets.com/article/astro-ytl-and-ammb-risk-removal-klci-top-30-%E2%80%94-affinhwang

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"As for possible actions against AmBank Group, Muhammad reiterated that action would only be taken if there was new information retrieved by the central bank."

Read more at https://www.thestar.com.my/business/business-news/2018/05/17/bnm-to-undertake-assessment-on-recovery-of-1mdb-money/#2tdxSWWjyXwI3GAb.99

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Prepared for a "RIDE" tomorrow!!

"Oil price is running high not solely depends on middle east tension!!

Oil Bullish Factors as for now are ...

1. Middle East Tension.

2. Raising Oil Demand for India and China

2. Disciplined Production Cuts of OPEC/NON OPEC

3. Saudi Aim Oil Price at USD80

"Yet, all of the aforementioned tensions, a projected uptick in Indian and Chinese crude demand, concerted cuts by OPEC and 10 non-OPEC oil producers to the tune of 1.8 million barrels per day (bpd), and Saudi hints at supporting a $80 oil price, have only managed to take the Brent front-month futures contract price to a Friday (13 April) close of $72.58 per barrel."

https://www.forbes.com/sites/gauravsharma/2018/04/14/syrias-geopolitical-black-hole-contributing-but-not-driving-oil-prices-higher/#52d637952ebf

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Yes, other factors too as well...
Prepared for a "RIDE" tomorrow!!

"Oil price is running high not solely depends on middle east tension!!

Oil Bullish Factors as for now are ...

1. Middle East Tension.

2. Raising Oil Demand for India and China

2. Disciplined Production Cuts of OPEC/NON OPEC

3. Saudi Aim Oil Price at USD80

"Yet, all of the aforementioned tensions, a projected uptick in Indian and Chinese crude demand, concerted cuts by OPEC and 10 non-OPEC oil producers to the tune of 1.8 million barrels per day (bpd), and Saudi hints at supporting a $80 oil price, have only managed to take the Brent front-month futures contract price to a Friday (13 April) close of $72.58 per barrel."

https://www.forbes.com/sites/gauravsharma/2018/04/14/syrias-geopolitical-black-hole-contributing-but-not-driving-oil-prices-higher/#52d637952ebf

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"Oil price is running high not solely depends on middle east tension!!

Oil Bullish Factors as for now are ...

1. Middle East Tension.

2. Raising Oil Demand for India and China 

2. Disciplined Production Cuts of OPEC/NON OPEC

3.  Saudi  Aim Oil Price at USD80

"Yet, all of the aforementioned tensions, a projected uptick in Indian and Chinese crude demand, concerted cuts by OPEC and 10 non-OPEC oil producers to the tune of 1.8 million barrels per day (bpd), and Saudi hints at supporting a $80 oil price, have only managed to take the Brent front-month futures contract price to a Friday (13 April) close of $72.58 per barrel."

https://www.forbes.com/sites/gauravsharma/2018/04/14/syrias-geopolitical-black-hole-contributing-but-not-driving-oil-prices-higher/#32ae12212ebf

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MSS is a smart signal !!
Ask the employees how the current mgt doing for this Bank.
They will tell you better!
Good luck !!

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Yes, ask the staff. they will tell you how their bank runs today for tomorrow.
small portion approved for mss, again ask the staff, how many had applied?
if they loves the bank so much, why so many applied?
good luck!!

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HoSeyLiao Besok!!

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Offer MSS, think about it!

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no worry, margin call/forced selling...

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mproved and turning black in qtr3 after last 3 consecutive qtr losses..
no bad..
see how Monday going to react...

http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=52...

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yes, compared to last 2 qtr, into black.
2018 should be better with new contracts.
opec/non opec serious on cut - will meet end of this month to decide extend mar 18 cut (http://www.arabnews.com/node/1197296/business-economy).
average down indeed a good strategy...
good luck!

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# Crude Oil up almost 3 percent about USD54/bbl
# Brent Oil hits $60/bbl, up more than 2 percent
SINCE 2015!!

# Brent Oil 60.62 +1.32 +2.23%
# Crude Oil WTI 54.17 +1.53 +2.91%

https://www.marketwatch.com/story/oil-pulls-back-after-brent-hits-more-than-2-year-high-2017-10-27

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# Crude Oil up almost 3 percent about USD54/bbl
# Brent Oil hits above $60/bbl, up more than 2 percent
SINCE 2015!!

# Brent Oil 60.62 +1.32 +2.23%
# Crude Oil WTI 54.17 +1.53 +2.91%

https://www.marketwatch.com/story/oil-pulls-back-after-brent-hits-more-than-2-year-high-2017-10-27

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https://www.upi.com/Bullish-signals-emerging-for-crude-oil-prices/4311508852026/

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https://www.upi.com/Bullish-signals-emerging-for-crude-oil-prices/4311508852026/

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https://oilprice.com/Geopolitics/International/The-5-Countries-That-Could-Push-Oil-Prices-Up.html

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https://www.cnbc.com/2017/10/16/oil-rises-toward-six-month-high-as-iraq-conflict-threatens-output.html

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http://www.marketwatch.com/story/oil-prices-surge-on-strong-chinese-crude-imports-and-iran-uncertainty-2017-10-13

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http://www.marketwatch.com/story/oil-prices-surge-on-strong-chinese-crude-imports-and-iran-uncertainty-2017-10-13

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http://www.thestar.com.my/business/business-news/2017/10/06/oil-rises-2-percent-boosted-by-potential-opec-deal/

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http://www.thestar.com.my/business/business-news/2017/10/06/oil-rises-2-percent-boosted-by-potential-opec-deal/

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https://www.cnbc.com/2017/10/02/citigroups-ed-morse-the-oil-rally-is-for-real.html

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http://www.theedgemarkets.com/article/icon-offshore-market-vessels

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monday, many will trade on news!
some buy high, expecting to go up to the next support level
some sell high, once it reaches their targeted returns as profit taking.
some wait n see how market react.
contracts/revenues spread over 5 years with 1 year extension
both dayang/perdana still in losses spaces, may take a while to recover
dividend-in-specie will come in from perdana, with some dilution effects
oil price volatility still persistence
trade at your own risk
good luck!

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OTHERS AWARD OF CONTRACT FOR PROVISION OF MAINTENANCE, CONSTRUCTION AND MODIFICATION (MCM) SERVICES FOR PETRONAS CARIGALI SDN BHD FOR PACKAGE A (OFFSHORE) - SARAWAK OIL ("the CONTRACT")

DAYANG ENTERPRISE HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description AWARD OF CONTRACT FOR PROVISION OF MAINTENANCE, CONSTRUCTION AND MODIFICATION (MCM) SERVICES FOR PETRONAS CARIGALI SDN BHD FOR PACKAGE A (OFFSHORE) - SARAWAK OIL ("the CONTRACT")
1. INTRODUCTION

The Board of Directors of Dayang Enterprise Holdings Bhd (" Dayang") or ("the Company") is pleased to announce that its wholly-owned subsidiary, Dayang Enterprise Sdn Bhd ("DESB"), has been awarded a contract on 20 September 2017 from PETRONAS Carigali Sdn Bhd ("PETRONAS Carigali") for Provision of Maintenance, Construction and Modification (MCM) Services Package A (Offshore) - Sarawak Oil ("the Contract").

2. VALUE AND DURATION OF CONTRACT

The contract duration will be for a primary period of five (5) years with one (1) year extension option effective 20 September 2017 and will expire on 19 September 2022 at an agreed fixed schedule of rates.

The details of the scope of work in relation to the Contract will be addressed in a work order which will be issued by PETRONAS Carigali and shall include any or all other work or services which is generally related to Topside Structural Maintenance, Workover Preparation and Facilities Improvement Project.

3. FINANCIAL EFFECTS

The Contract will have no effect on the Issued and Paid-up Capital of the Company and is expected to contribute positively towards the earnings and net assets of the Company for the duration of the Contract.

4. RISK FACTORS

Risk factors affecting the award include execution risks such as availability of skilled manpower and materials, changes in prices of materials, changes in political, economic and regulatory conditions. Throughout the years, DESB has established its track record and expertise to undertake these projects. Notwithstanding this, DESB shall ensure strict compliance to the safety and operational procedures in the execution of contract requirements.

5. DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors and/or major shareholders and/or persons connected with them have any direct or indirect interest in the Contract.

6. DIRECTORS' STATEMENT

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



This announcement is dated 29 September 2017.

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I am still holding with some capital to average down at the next "targeted" bottom.
At my own risk despite some believed/don't believed what TF had said!
Good Luck!

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http://www.thestar.com.my/business/business-news/2017/09/27/airasia-bhd-to-take-in-airasia-xs-ground-equipment-and-staff/

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http://www.thestar.com.my/business/business-news/2017/09/26/oil-price-hits-highest-since-more-than-two-years/

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https://www.cnbc.com/2017/09/25/us-crude-oil-jumps-above-51-nears-new-high.html

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Yes, oil price seemed to stabilize at USD50 when OPEC/non-OPEC work hard on it.
As reflected, most oil related counters went up!
KNM is one worth to venture for longer term.
Good Luck!

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http://www.theedgemarkets.com/article/scomi-engineering-not-allowed-proceed-legal-action-against-prasarana

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yes, samling buying again....
we follow, buy low and keep..