Datuk Abdul Karim

With the year to date result as at 30.09.2019, the company making profit of RM2.8 mil compared to losses of RM5.8 mil as at 30.09.2018. Hence with the turn around for 9 months result 2019 the group likely on track with positive outlook. Furthermore with recent announcement of contract of RM175 mil in October 2019, the group foundation already being set at good footing especially with new shareholders from Serbak major shareholders Datuk Awang

Sealink have 33 vessels which operates at various geographic locations over 20 country and builds, owns and operates the fleet serve the global exploration and marine industry.
From the analysis, the utilize rate of vessels relatively low compared pear group in the industry and currently there are over 900 offshore platforms and maintenance of oil rig contract will continue to be awarded. Hence the demand of offshore vessels will be huge and sealink will likely benefited from this.
Furthermore crude oil price above US$60 will result oil major to award more contract this include vessels requirement to perform the secured contract.
All this will benefit Sealink with current tight market supply of offshore support vessels.

On 15.08.2019 business associate of Dato Awang that is Datuk Abdul Karim at RM1.10 per share and current shares price had reached RM1.90 as at 31.12.2019.
This represent 72% of gain for the period under review.
For KPower which being acquired by associate of Dato Awang in 2019 and their share price has increased substantially. Previously the share was owned by Datuk Lee Chong Wei’s brother (retired national shuttler) Datuk Lee Chong Hoon and another person.
With this track record, Sealink which is being takeover by Dato Awang seem like still at relatively low share price. Hence the potential share price likely to have good margin for potential investors.

With Serba founder Dato Awang enter into Sealink and their track record with recent purchase by their associates in KPOWER and SCIB which share price have move substantially since they enter the two later companies. Hence Sealink has set the stage for future grow especially no major announcement since Dato Awang enter Sealink

NTA for Sealink RM0.70 compared to current market value of current share price of RM0.450 and with the entry of new shareholders Dato Awang which we expected him and his team to set new direction of the company.
Furthermore, from analysis of the Annual Report the company vessels mostly constructed its own shipyards. With current accounting standards all vessels internally construct need to be stated at Cost. Hence overall the company book value should be higher.

Guess

Felda current hold 10.34% or 44..42 % of the company shares and with current financial position, not much option for Felda. Hence with recent MARA divestment, this is anybody

Company continue share buy back have seen positive move on the company share

Profit after Tax for Quarter 1 , RM5.8 million (30.09.2017), Quarter 2 RM8.9 million (31.12.207) and Quarter 3 RM6.8 million (31.03.2018) resulting total profit for 3 Quarter of RM21.5 million (01.07.207 to 31.03.2018) which is 4 times turnaround compared to previous result.
With only final Quarter result to be announced soon and if based trend of last three quarters, final profit for the year likely achieve in flying color bearing unforeseen circumstances.
Is time consider the company shares

Based on past result announcement for 30th June, it was announced on 30.08.2017 for Quarter 4, 2017 (30.06.2017) whereas for Quarter 4, 2016 (30.06.2016) announced on 30.08.2016. Hence for current quarter 30.06.2018 will be very soon

The profit after Tax for Quarter 3, 2018 (31.03.2018) stood at RM21.5 million compared to Quarter 3, 2017 (31.03.2017) of losses of (RM7.8 million) which represents approximately 4 times turnaround for the Company.

As at 31.03.2018, Cash and cash position of the company stood at RM78.3 million which was relatively healthy.

Borrowing of the company decreased by 14.9% compared between 31.03.2018 (Quarter 3, 2018) against 31.03.2017 (Quarter 3, 2017).

With the Quarter 4, 2018 (31.06.2018) result going to be announced in August 2018 which represents full year result for 30.06.2018 and base on historical data its time to look into the share of the company.

Time is right

Possible uptrend on Monday

This share can keep for medium term

In the afternoon, up, up

Need to break 0.435 in order to go to next resistance of 0.48

Why no eat up ?

With Dividend 6 sen and good Quarterly Result, further push is possible on price. After raya gap up

If QR result out with flying color, the selling pressure will turn around become buying power. So far all steel counters that already announced their result give Good profit

When is the QR going to be announced ? Seem like oversold