closing price still looks good today. back to support level. but if tomorrow no big buyer, might goes down to 0.64 level. Just watch out tomorrow morning closely, if start to drop, set your cut loss level. don't lose your angpow money.
Today is up 2cent, what jatuh balik.. people here sometime very weired. They expect stock to go up 10% everyday? Please tell me which stock can so I can sell my perisai n buy. Haha..
Brent and Crude oil stable at the moment but tmrw morning no idea. To those panic sell this evening too scare their hard earning burn or ang pow money gone.....
Maybank research quoted, dont quite understand hehe, so its good for perisai n alam?
Alam and Perisai offer compelling replacement value angle; M&As for established rig operators (UMW O&G).
New PETRONAS chief to emulate blueprint continuity; his views on local service providers to be closely watched. Yinson, BArmada, Dialog and Perdana are key tactical BUYs.
What’s New We re-examine service providers’ valuations, from a replacement value perspective, in search for values following their recent rerating. Elsewhere, it is a buyers’ market for drilling rigs now; speculative rigs are on fire-sale and yards are offering discounts for new orders. On a separate note, Datuk Wan Zulkiflee Wan Ariffin has been appointed as PETRONAS’ President/CEO effective 1 Apr 2015, on a 3 year-contract, taking over from Tan Sri Shamsul Azhar Abbas, who will remain until 31 Mar 2015.
What’s Our View Specifically from the replacement value perspective, Perisai offers the biggest gap, 99% above its current market capitalization. This is followed by the other OSVs - Alam (+40% gap), Perdana (+24%) and Icon (+8%). Alam (+27% YTD share price) is the only one with a positive replacement value over its net debt.
From the M&A angle, we see opportunities for UMW OG to capitalise on new, premium rigs built on speculative basis. Such assets can be procured at 10%-15% discounts, off their prevailing market prices and they have a short delivery period.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
smartiesong
67 posts
Posted by smartiesong > 2015-02-16 16:38 | Report Abuse
All cash out for ang money hahaha still 2days after cny come back again next monday see how. Wait and see....