Posted by chelsea168 > 2012-10-08 15:32 | Report Abuse

Buy back later if can......

Posted by chong79 > 2012-10-08 15:33 | Report Abuse

now drop to 1.04

Posted by Calvin Wong > 2012-10-08 15:34 | Report Abuse

The shares will break the 1.20 mark within these few days due to announcement soon.

Posted by Hong2 > 2012-10-08 15:34 | Report Abuse

At 1.04 still good buy....

Posted by chong79 > 2012-10-08 15:44 | Report Abuse

when is the announcement?

Posted by maninder1972 > 2012-10-08 15:57 | Report Abuse

Next week got big O&G expo at Kuching and alot of announcement to be made. Look at Perisai, Hibiscus and Hibisc Warrant all still undervalue and buying rate veryhigh..

Posted by maninder1972 > 2012-10-08 16:10 | Report Abuse

There is a report by UOB Kay Hian Malaysia Research that Perisai may acquire a stake in Emas Offshore's (EOC) floating, production, storage and offloading (FPSO) vessel. EOC, which is 46.5%-owned by Ezra, was reported to have received a Letter Of Intent (LOI) to supply and operate a FPSO vessel to HESS for the Kamelia gas field.




The deal may have arisen because EOC needs to meet domestic content requirements for offshore projects, and it could complied with this requirement through Perisai's 40%-owned Larizz Petroleum [which is licensed to bid for local contracts].




UOB Kay Hian's estimate shows that by securing a 50% stake in the US$300mil FPSO vessel, Perisai's fair value would rise by RM300mil or 53 sen a share, assuming a project internal rate of return (IRR) of 15%, and enhance its earnings by RM38mil per annum. UOB Kay Hian valued Perisai at RM1.59. For more, go here.



The Edge reported that Perisai was valued at between RM1.20 (by Hwang DBS) to RM2.92 (by Hong Leong IB). For more, go here.

Chartwise, Perisai has broken above its recent high of RM1.04. See Chart 1 below. The stock could rise to a high of RM1.15-1.20 (as per the linear Chart 2) or it may shot up to RM1.50 (as per semi-log Chart 3).

Perisai has a bullish outlook based on technical breakout.


Chart 1: Perisai's daily chart as at Oct 8, 2012_3.00pm (Source: Quickcharts)

Posted by azam87 > 2012-10-08 16:10 | Report Abuse

16th, 17th & 18th of October.

Posted by jtpc2006 > 2012-10-08 16:16 | Report Abuse

azam87 what about the dates 16, 17 and 18 Oct?

Posted by maninder1972 > 2012-10-08 16:19 | Report Abuse

hibiscus is also low or undervalued. it should be around 1.85 to 1.95 by this month...

Posted by laxlav > 2012-10-08 16:26 | Report Abuse

i hope you are right about the value of hibiscus i wish to buy
more so please let us know if you have more information that could
back its value thank you

Posted by talk2pkc > 2012-10-08 16:39 | Report Abuse

SELL SELL catch in , less than a week 10% profit ....... Very gd result mah !!!

Posted by 1901 > 2012-10-08 16:49 | Report Abuse

pls be extra careful with hibiscus. I'm yet to see any business value emerging, all promises only

Posted by azam87 > 2012-10-08 17:40 | Report Abuse

jtpc2006, i reckon those are the dates of Petroleum Asia Expo that's gonna held in Kuching

Posted by azam87 > 2012-10-08 17:42 | Report Abuse

talking about hibiscus, there'll be a new SPAC ipo going to be issued in the market soon. you guys heard of Cliq Energy before?

Posted by maninder1972 > 2012-10-08 21:13 | Report Abuse

Hibisc is a sleeping giant as perisai was and trow perisai should break 1.10 and land at 1.20 as TP and cash out...

Posted by Ping Ping > 2012-10-08 23:55 | Report Abuse

is it a good time to buy perisai? This counter moved very fast last week?????

Posted by Hong2 > 2012-10-09 06:50 | Report Abuse

It's targeted to reach 1.20 thus there's still many Q Buy...

Posted by maninder1972 > 2012-10-09 08:15 | Report Abuse

it will surpass 1.10 today. good to get in asap and cash out after 1.20 onwards. happy investing

Posted by chocoanut > 2012-10-09 09:00 | Report Abuse

but by looking at the queue, selling more than buying @.@ or is it me mata juling...

Posted by hema > 2012-10-09 09:26 | Report Abuse

confident it will hit 1.10...hopefuly by today if not in next 2 days:)

Posted by chong79 > 2012-10-09 09:44 | Report Abuse

downtrend now... is it normal?

Posted by dknycom > 2012-10-09 09:52 | Report Abuse

INVESTORS IS SHIFTING TO BENALEC NOW.
CATCH UP WITH IT.

Posted by Mat Cendana > 2012-10-09 09:53 | Report Abuse

I don't think this is a downtrend but just a normal, healthy correction. "normal" and "healthy" remain valid only if the price doesn't go down too much, of course. Perisai has gone up quite significantly over the past few trading sessions... yesterday especially when it finally breached 1.00, which had been a very strong psychological resistance for months.

For investors, the more crucial matter at the moment is not in seeing it go further up. Rather, it must defend that 1.00 level - from being a resistance previously, Perisai must now make it a strong support. Only after a solid base is formed at around this level will it move further up.

Posted by jackie28 > 2012-10-09 10:14 | Report Abuse

(sigh)
... there it goes again.... laosai again!

Posted by Wong Yi Shen > 2012-10-09 10:17 | Report Abuse

maybe need to bounce off 1.00

Posted by Calvin Wong > 2012-10-09 10:29 | Report Abuse

Last quarter profit hits 260%. Exciting growth as new jack -up rigs are acquired signalling further project expansion and up. Further more crude price up 0.74% signalling strong buying signal. Make no mistake about it, this is investor's blue eye.

Posted by jaynetan > 2012-10-09 10:32 | Report Abuse

so asupreme active again

Posted by Hong2 > 2012-10-09 11:08 | Report Abuse

Is resting mode...but will active again! :)

Posted by Calvin Wong > 2012-10-09 11:08 | Report Abuse

Saw that counter with RM315K investment? More of those will come...later after lunch.

Posted by user > 2012-10-09 13:22 | Report Abuse

This counter always chiong in the afternoon session , same as yesterday......

Posted by excelyou > 2012-10-09 14:01 | Report Abuse

Benalec is good counter too. Likely to break RM1.35 soon since the major shareholder accumulated more than 50% of shares. Furthermore, fund managers are invited by the corporate team to put under public and investor radar.

Posted by excelyou > 2012-10-09 15:37 | Report Abuse

HK fund manager bought 20,430 lots at RM1.04/1.05.

They expected something coming soon.

Posted by andyteng > 2012-10-09 15:38 | Report Abuse

fund manager buy benalec or perisai?

Posted by excelyou > 2012-10-09 15:39 | Report Abuse

Perisai!!

Posted by Ng MC Angie > 2012-10-09 15:41 | Report Abuse

Can tip up to what price?

Posted by excelyou > 2012-10-09 15:42 | Report Abuse

above RM1.335

Posted by ronnie90 > 2012-10-09 16:24 | Report Abuse

1.00 is very strong support. Today taking a rest after going up. Still very strong interest in this counter. Should be able to hit 1.20 in a few weeks.

Posted by Calvin Wong > 2012-10-09 16:26 | Report Abuse

Very attractive offer now at 1.04

Posted by chocoanut > 2012-10-09 16:36 | Report Abuse

queuing for good price...someone please sell me...lol

Posted by chocoanut > 2012-10-09 17:01 | Report Abuse

Got at really attrative price.....

Posted by maninder1972 > 2012-10-09 17:25 | Report Abuse

Well done to all buyers that bought today coz trow it will roll on again and break the 1.08. good luck

Posted by Hong2 > 2012-10-09 18:34 | Report Abuse

At level 1.04/ 1.05 have many buyers.....next level is 1.08....:)

Posted by user > 2012-10-09 19:24 | Report Abuse

Tomolo sure will break above 1.10.... huray.....

Posted by 12dec1960 > 2012-10-10 00:19 | Report Abuse

HOLDING POWER, KEY FOR MAXIMUM GAINS...
STOCK TAKING A BREATHER AFTER 8DAYS OF CONTINUOS..
SOON ENOUGH IT WILL RESUME NORTHWARD..
SLOWLY BUT SURELY...

Posted by Mingming > 2012-10-10 01:22 | Report Abuse

Don't worry, this stock will go higher on this week.. Good Luck Cheers

Posted by talk2pkc > 2012-10-10 01:52 | Report Abuse

Time to catch in guys n then wait for next round lah

Posted by littleshark > 2012-10-10 08:37 | Report Abuse

Aiya i miss out when is only 0.9smthg. Never mind im in now. Hopefully can get this wk

Posted by Hong2 > 2012-10-10 09:52 | Report Abuse

Perisai...did well!

Posted by excelyou > 2012-10-10 14:37 | Report Abuse

Exciting prospects for Perisai Petroleum

(Oct 8, RM1.07)

Initiating coverage at 99 sen with an outperform rating and fair value of RM1.47: Perisai is currently enjoying stable earnings for the financial year ending Dec 31 (FY12) and FY13, given that its assets are on relatively long-term bare boat charters, which provides clear earnings visibility.

We expect more exciting growth in FY14/FY15, underpinned by the delivery of its newbuild jack-up rig, which will lift earnings in FY14 by 13.5% and FY15 by 24%.

With Ezra Holdings Ltd as a majority shareholder and business partner, we believe the utilisation of Perisai’s assets, its offshore support vessel (OSV) and pipe-lay barge is fairly secure for renewal and extension. Ezra also brings a broader regional market reach to Perisai.

Perisai will also be able to leverage on Ezra’s large asset base to gain access to more specialised and niche vessels to further expand its own asset base moving forward.

Notwithstanding regional opportunities, the continued capital expenditure by Petroliam Nasional Bhd (Petronas) is expected to support demand for offshore assets, and will provide Perisai with a strong platform to charter out its assets on the domestic front.

Perisai’s position is further strengthened by the continued push by Petronas to have more local assets working on the exploration and production activities off Malaysia.

We believe Perisai can internally fund its purchase of the new jack-up rig. However, beyond that, we expect Perisai to raise capital through equity issuance to fund new asset acquisitions. Although expanding the balance sheet would result in earnings dilution, we believe it would be earnings accretive given the assets would likely provide a step-up in recurring income moving forward. Risks to our view include:

(i) weaker crude oil prices; and

(ii) failure to secure/renew the charters for its assets after the expiry of current charters.

Relative to the larger and contract based oil and gas service providers, Perisai’s outlook seems more compelling given its asset owner business model. We believe any news flow on future asset acquisition would act as a strong re-rating catalyst.

Current valuations of eight to nine times 2013 price-earnings ratio offer a strong share price upside, given that similar sized peers Dayang Enterprise Holdings Bhd and Wah Seong Corp Bhd are trading at 11 to 12 times 2013 earnings per share. — RHB Research, Oct 8


This article first appeared in The Edge Financial Daily, on Oct 9, 2012