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2013-12-11 10:17 | Report Abuse
The company expects to return to the black in the current financial year ending December 31 2013, thanks to a scrip issue that helped raise slightly more than RM450 million.
For 2013, it is expected to book a RM86 million profit and some RM69 million next year.
The shares of Sumatec, which has a market capitalisation of RM880 million, have gained some 220 per cent on Bursa Malaysia this year. It now trades at a 2013 price-to-earnings ratio of less than four times.
Read more: Hassan linked to Sumatec role again http://www.btimes.com.my/Current_News/BTIMES/articles/20131210235227/Article/index_html#ixzz2n82GQUm5
Again I would like to remind everyone that this share gonna be above RM1 by Feb'14......
read the statement
The company expects to return to the black in the current financial year ending December 31 2013, thanks to a scrip issue that helped raise slightly more than RM450 million.
For 2013, it is expected to book a RM86 million profit and some RM69 million next year.
FYE Dec'13 result will be announced in Feb'14......
Do i need to repeat?
This is a monstrous hidden gold gem!
2013-12-11 09:25 | Report Abuse
feb 2014 is only 2 half months from now
2013-12-11 09:05 | Report Abuse
exit pn17 by 2nd quarter FY 2014, somewhere in August 2014 - Nov 2014
by then Sumatec RM2.20!!!!
2013-12-11 09:03 | Report Abuse
The group expects to achieve RM86 million profit in FY13 and RM69 million in the FY14.
Feb'14 Sumatec price RM1 and above!!!!!!!
RM86 million by FYE 2013 which will be announced in Feb 2014
2013-12-10 20:17 | Report Abuse
Kak Noraini , just one question for you....
Sumatec mentioned that they will turn profit in the 1st quarter 2014, so mathematically it means March'14 right ? which is equivalent to the quarter result year end 2013 to be announced in Feb'14 right?
Just want to confirm on that, coz that statement is kinda tricky......
hope you could give a brighter opinion on this kak......
thanks.
2013-12-10 17:19 | Report Abuse
yanyana u sudah tido petang ker?
go and sleep first, continue tomorrow k....
2013-12-10 17:16 | Report Abuse
is it so derrick? orait noted with thanks.....
bila la sumatec nak bergerak ni....
2013-12-10 17:06 | Report Abuse
yanyana call others stupig....
so yanyana is the mother of all stupig?
hohohohoho........
2013-12-10 16:58 | Report Abuse
stupig?
yanyana funny....hahahahaha
2013-12-10 14:56 | Report Abuse
don worry once out from pn17 and quarter result millions profit and revenue 1 billion price will surge gila gila.......
2013-12-10 14:38 | Report Abuse
by then rm20 sumatec.....
a bit lower than petgas.....
2013-12-10 14:27 | Report Abuse
long term earnings of Sumatec
2013-12-10 14:26 | Report Abuse
6.2 Earnings
Barring any unforeseen circumstances, the Proposed Gas Development, if implemented, is expected to contribute positively to the long term earnings of Sum
Feb 2014 price should be RM0.90 cents and above.......
2013-12-10 12:01 | Report Abuse
chill guys.....
nama dia pon sundar....
sundar ker sundal?
hahahahahaha
2013-12-10 11:52 | Report Abuse
sir looiks....
waiting insructions to depart tren.....
driver cum engineer ready sir!
2013-12-10 10:42 | Report Abuse
hahaha conwomen.....
simillar to catwoman.....
2013-12-10 10:23 | Report Abuse
iskandar don get con.....
read yana tread on other counters.....
she's a conman....
huhuhuhu......sori yana....
2013-12-10 10:03 | Report Abuse
train ready for departing......
2013-12-10 09:53 | Report Abuse
yana talk bs aldy....
hahahaha
2013-12-10 09:23 | Report Abuse
special press briefing on sumatec coming very very soon.....
2013-12-10 09:22 | Report Abuse
sir looiks!
the train is steaming up now........
ready to run sir with new super double turbo engines made of kryptonites......
2013-12-09 17:00 | Report Abuse
only 24 months to go!
patience.....
2013-12-09 16:58 | Report Abuse
2015 is 2 years from now not 3 years......
2013-12-09 16:57 | Report Abuse
RM1 billion by 2015 is no joke.....
mentioned by Dalton CEO Sumatec
2013-12-09 16:54 | Report Abuse
TP REVISED FOR SUMATEC FEB'14 RM1.20
2013-12-09 16:53 | Report Abuse
guys minor correction not 3 years but 2 years only......
read this:
Sumatec's project in Kazakhstan.KUALA LUMPUR, June 21 — Sumatec Resources Bhd expects to generate large profits from oil and gas production from the Rakushechnoye Oil and Gas field in Kazakhztan within three years.
Chief Executive Officer Chris Dalton said oil production from the 354.45 sq km concession area next to the Caspian Sea is expected to increase in the next 12 months and could generate RM1 billion in revenue by 2015.
The company signed a Joint Investment Agreement to participate in the development and production of oil and gas until 2025 with Markmore Energy Labuan Ltd and CaspiOilGas LLP in March last year.
Speaking to reporters after the extraordinary general meeting today, Dalton said the oil production is targeted to increase to 2,000 barrels per day (bpd) within the first 12 months, to 6,000 bpd by the second year and to 8,000 bpd by the third year.
At the same time, Sumatec is expected to produce 17 billion cubic feet per year of natural gas from the Rakushechnoye Oil Field starting from the third year of operations.
The group projects healthy growth for Sumatec for the financial years ending Dec 31, 2013 and Dec 31, 2014, and expects revenue of RM99.11 million for the financial year ending Dec 31, 2013, up from RM1.5 million previously.
“We expect total demand from our production to contribute to the group’s earnings this year and also coming years,” said Dalton.
CaspiOilGas, Markmore and Sumatec are in discussions with several potential gas buyers, including a gas-fired power plant in Altau, 120 km from the field.– BERNAMA
in year 2015 RM1 BILLION REVENUE!
TP REVISED FOR SUMATEC RM7.80 BY 2015.......
2013-12-09 16:45 | Report Abuse
sometimes can talk about other counters but just once lor....
now sumatec defending well both mother and wb.......
suma boleh!
2013-12-09 14:36 | Report Abuse
it's normal Malaysian investors intuition.....
once price up they will sell kaw kaw kaw......
push down the price back as usual before buy back at low......
try to study hibiscus trend.....
sumatec the next hibiscus in the making......
2013-12-09 14:27 | Report Abuse
Dec'13 0.305
Jan'14 0.33
Feb'14 0.78
Mar'14 0.65
Apr'14 0.55
May'14 0.7
June'14 0.95
July'14 1
Aug'14 1.05
Sep'14 1.3
Oct'14 1.08
Nov'14 0.98
Dec'14 1.5
Future projection of Sumatec price in 2014
My own research.......
Translate the data above and you will get a handsome major profit graph......
2013-12-09 14:19 | Report Abuse
suma shines in 2014......
RM2.20
2013-12-09 14:08 | Report Abuse
suma and baby suma having a short nap......
2013-12-09 12:55 | Report Abuse
watch hibiscus-wa shining.....
this is sumatec in 2014!
RM1.88
2013-12-09 08:56 | Report Abuse
looiks....
train engineer ready.......
2013-12-06 17:57 | Report Abuse
looiks i already monitored the tracks.......
damn solid cun......
anytime this train can speed 1000km/h.........
late comers might miss this train.......
2013-12-06 16:05 | Report Abuse
yanyana......
sudah berapa untung - rugi dapat?
ada kena jual goreng pisang ker cover loss?
atau berniaga burger sampai 1 pagi?
yanyana manyak duit ka?
2013-12-06 15:26 | Report Abuse
suma bring us all to Iceland
can eat ice cream every day
2013-12-06 14:56 | Report Abuse
yanyana now in infotec.....
kacau that counter plak......
huhuhuhu
2013-12-05 11:34 | Report Abuse
Malaysia budget 2014 focus on oil and gas.......
Sumatec is one of them......
too many juices too extract from the large oil field then........
2013-12-05 11:10 | Report Abuse
sumatec coming soon more research house giving target price, by then RM2.20 Aug'2014
2013-12-05 10:51 | Report Abuse
the fatass is YANYANA THE WANTED.........
huhuhuhu just kidding sorry yana.....
2013-12-05 09:59 | Report Abuse
i am still upgrading the engine......
need more kryptonites.........
2013-12-05 09:36 | Report Abuse
i am doing my best to upgrade the suma train engine.....
hold on everybody.......
this engine gonna rock!
2013-12-05 09:22 | Report Abuse
ok dragon will do.....
i use copper engine plus some leftovers kryptonians stones to hype up the speed.......
ANGEL SPEED coming........
2013-12-05 09:17 | Report Abuse
i am upgrading the engines......
gimme a couple of hours guys.......
2013-12-05 09:13 | Report Abuse
suma slow runner.....
i think becoz too many passengers.......
tren become slow aldy......
looiks i need time to repair the engine swith to tripple turbo mode.....
gimme time sir!
2013-12-05 09:11 | Report Abuse
its too early derrick....
suma slow a bit...
need to warm up first
2013-12-05 09:06 | Report Abuse
chicken feeds always sell even up 0.05 cents.....
huhuhuhu
Stock: [SUMATEC]: SUMATEC RESOURCES BHD
2013-12-11 10:45 | Report Abuse
once hassan merican in sumatec, tp in 5 years remains intact at RM30