Azrb once owned Epic (Eastern Pacific Industrial Corp)
It owned 20% while the Trengganu Govt owned 40%
Epic has a supply base with 250 tenants and serving 63 offshore oil platforms
So good was the business that Trengganu Govt took Epic private and bought out Azrb
Now Azrb is starting a similar supply base in Tok Bali further north near Kota Bahru. This one serves an even wider geographical market as far as Thailand and Vietnam
Posted by 如鱼得水 > Feb 19, 2019 08:22 AM | Report Abuse
wat is that 2 do with this counter?
Posted by calvintaneng > Feb 19, 2019 08:15 AM | Report Abuse
Saudi pumped Usd20 billions into Pakistan for O&G. Sure got more coming for Pengerang Rapid
THIS COUNTER WILL SEE MULTIPLE STREAMS OF INCOME FROM RM600 MILLIONS (UNIVERSITY PAYMENT FOR AZRB), INCREASED SALE OF MARINE OIL FROM KEMAMAN BASE, MORE SALES FROM TOK BALI FOR O&G VESSELS, HIGHER CPO PRICE, RINGGIT GAINING IN FOREX, TOLL ROAD COMMENCING, PROGRESS PAYMENTS FROM MRT, VIADUCT JOB & PNB BUILDING
SO POWERFUL FACTORS ALL CONVERGING
GO GO POWER RANGER!
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Posted by calvintaneng > 2019-02-15 17:18 | Report Abuse
Still closing below 40 sen?
It won't stay so low for long