Posted by excelyou > 2012-10-18 11:24 | Report Abuse

Calm down period. Today TH Heavy and Pantech rise due to best results. Perisai and Alam will follow too.

Posted by excelyou > 2012-10-18 11:36 | Report Abuse

Kenanga start to give coverage for Perisai. Kenanga may one of the local manager to support the private placement of RM1.45 per share.

INVESTMENT MERIT ' Stable earnings with bareboat charters. All of Perisai's contracts are on bareboat charter, which implies that its earnings risk is mitigated.

' The Ezra link. Singapore-listed Ezra is a major shareholder in Perisai with c.16% stake. It is the holding company of Emas Offshore, the 49% JV partner in Intan Offshore. We do not rule out further collaborations given its previous involvements. Perisai may be participating in an FPSO project for the Kamelia field with Emas Offshore's FPSO arm given the local content requirement for the project in Malaysian waters.
More assets = further earnings growth. FY13 earnings will be boosted if Perisai manages to secure the Kamelia FPSO project with EOC Ltd; its FY14 net profit will see another jump when Perisai accepts delivery of its first jackup rig (expected by mid-14). It has an option (expires by Feb-13) to buy another jack-up rig for USD210m, assuming a similar construction tenure to the first jack-up rig, which will help to push up its FY15 earnings.

' Conservative consensus forecast. The consensus has forecast a FY13 net profit of RM91.7m, implying an EPS of 11 sen. We believe the forecast is conservative given that is even lower than the annualised Perisai's 1HFY12 earnings of RM93.4m. The potential earnings catalyst are 1) the transfer of Intan Offshore's assets (OSVs) to a Labuan tax structure, and 2) an FPSO win by year-end.

' Decent upside.Ascribing a PER target of 11x (1x premium to Alam Maritim (10x CY13) due to its better earnings visibility), this will imply a base case fair value of RM1.18, which still implies an upside of around 11.7%

Posted by buybackma > 2012-10-18 13:02 | Report Abuse

I think Excelyou works as a remisier or dealers with local securities firm ma...hemm he or she won't tell you guys..better don't ask hehe..because he/she is the earliest person that saw bulks of shares mvments stated on the screen (as posted by BURSA) ..logics or not guys?

Posted by buybackma > 2012-10-18 13:04 | Report Abuse

http://www.bursamalaysia.com/market/ I mean b4 posted here..

Posted by brave82 > 2012-10-18 14:09 | Report Abuse

Good news to come,

Posted by Hong2 > 2012-10-18 14:20 | Report Abuse

Have faith...this counter worth for investment!

Posted by brave82 > 2012-10-18 16:14 | Report Abuse

today performance is not very encouraging compared to Benalec.....

Posted by dknycom > 2012-10-18 16:19 | Report Abuse

Ya. Profit taking by some investors.
However, BENALEC still in uptrend today.
Buying power very strong. Still potential to up more.

Posted by jasonmys > 2012-10-18 16:26 | Report Abuse

going down now, waiting for 1.04 to buy in

Posted by excelyou > 2012-10-18 16:46 | Report Abuse

Yes. I receive it this morning by email.

Posted by Ng MC Angie > 2012-10-18 16:59 | Report Abuse

Buying power is strong, why price stil go down?

Posted by cmlooi > 2012-10-18 20:41 | Report Abuse

Its resting on the support peak of Feb 20th.

Posted by Hong2 > 2012-10-18 21:02 | Report Abuse

cmlooi - what is the support peak of Feb 20th? Thanks!

Posted by cmlooi > 2012-10-18 21:23 | Report Abuse

1.04 lah Bro. Its the high of Feb 20th and coincidently its more or less at the mid span support of Oct 8th Bullish candle. Tighten your seat belt. The short term GMMA is compressing.

Posted by johnk > 2012-10-18 21:29 | Report Abuse

cmlooi- so perisai gonna go up at least next week? sry, imma beginner here

Posted by cmlooi > 2012-10-18 22:07 | Report Abuse

Since you're a beginner, don't buy any of it. Just do paper trading. The market will be ready to gobble you up for the next 3 years after you're ready. Visit shareinvestor.com to learn up some things and also look up trend trading from various sources. Go buy and read Daryl Guppy's book on trend trading. But here's a good article that will make you rich if it really happens and follow Nicolas Darvas's advise. You don't need to wait 3 years. http://www.marketwatch.com/story/another-stock-crash-like-1987s-is-inevitable-2012-10-17

Posted by 12dec1960 > 2012-10-18 22:32 | Report Abuse

If u have d fund to pick-up Perisai than by all means BUY! and KEEP.. ur on track looking into a Good Growth Stock.. Best of Luck JohnK..

Posted by sanchez > 2012-10-18 22:54 | Report Abuse

hopefully tomorrow can break 1.10 and maintain at the price in order to hike over 1.20 next week. :)

Posted by johnk > 2012-10-19 00:07 | Report Abuse

thx 12dec, almost half of my capital is on perisai. :))

Posted by Hong2 > 2012-10-19 06:30 | Report Abuse

Yesterday after lunch the volume pick up......

Posted by brave82 > 2012-10-19 09:04 | Report Abuse

Go go go

Posted by azam87 > 2012-10-19 09:14 | Report Abuse

all eyes on astro now

Posted by Hong2 > 2012-10-19 09:15 | Report Abuse

Another 30min, they will divert attention to PERISAI...

Posted by brave82 > 2012-10-19 09:23 | Report Abuse

Good start

Posted by excelyou > 2012-10-19 09:44 | Report Abuse

TP RM1.12 short term

Posted by excelyou > 2012-10-19 09:46 | Report Abuse

Perisai rank no 2

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

waiting for big gun to come in....

Posted by Hong2 > 2012-10-19 11:33 | Report Abuse

So slow...hopefully after lunch will pick up! :(

Posted by jasonmys > 2012-10-19 11:56 | Report Abuse

slowly moving up.....

Posted by Ng MC Angie > 2012-10-19 13:27 | Report Abuse

Go go go

Posted by littleshark > 2012-10-19 13:32 | Report Abuse

All focus on Astro now. Nvr mind my heart still with Perisai

Posted by excelyou > 2012-10-19 13:51 | Report Abuse

Coming months, the first acquisition could be a stake in Emas Offshore’s (EOC) FPSO.
In order to exchange for stakes in the FPSO, Perisai could either issue more shares, or raise capital through rights issue.Recall that EOC which is also Ezra's 46.5% associate, was reported to have received a Letter Of Intent to supply and operate a floating, production, storage and offloading vessel to HESS, for the Kamelia gas field.
EOC still needs to meet strict domestic content requirements for off-shore projects, and it could be salvaged through Perisai’s 40%-owned Larizz Petroleum which is licensed to bid for local contracts.

Calculation shows that by securing a 50% stake in a US$300m FPSO is expected to raise the company’s fair value by RM300m or RM0.53 per share, assuming a project internal rate of return of 15%, while enhancing earnings by RM38m per year.

Meanwhile, the market is speculating a second asset acquisition (besides the FPSO for HESS), but the value is unknown at this juncture. This is another project that provide a catalyst to Perisai shares

Posted by Hong2 > 2012-10-19 18:22 | Report Abuse

Today closing at RM1.06! Hopefully next week to RM1.10.....

Posted by excelyou > 2012-10-20 10:17 | Report Abuse

KUCHING: Drilling activities in Malaysia are likely to remain robust given the increasingly challenging field exploration to discover new hydrocarbon resources.

According to HWANGDBS Vickers Research Sdn Bhd (HwangDBS Vickers), this was a niche market with growth potential as foreign substitution could play a major role in sweeping drilling contracts for local rig owners that meet the requirements.

It also implied a strong chance for Perisai Petroleum Teknologi Bhd (Perisai) to clinching a contract for its maiden US$208 million jack-up rig which would be delivered by July 2014.

Going forward, Perisai was expected to focus on production and drilling. Its flagship mobile offshore production unit (MOPU) was working for Petronas Carigali Sdn Bhd under long-term contract until September 2013 but might be extended by a year.

“Securing contracts for its MOPU upon expiry should not be an issue given the MOPU’s versatility and mobility, as well as relatively lower operating costs,” said the research firm.

HwangDBS Vickers predicted that the company might not require a rights issue to fund the remaining 80 per cent of the cost of the first rig. The 20 per cent upfront payment was funded partly by borrowings which, the research firm had included in its model.

In addition, the management was considering its option to order a second rig which would expired by February 2013.

Should the management proceeded with the plan, a rights issue could be inevitable as the company might not be able to fund two rigs at the same time. According to the management, there were 25 rigs working in Malaysian waters, mostly foreign-owned.

Net gearing for the company was expected to rise to 102 per cent in financial year 2012 (FY12) before improving to 63 per cent by FY13, premised on strong cash flows from MOPU chartering.

On the other note, Perisai might be able to participate in EOC Ltd’s floating production storage and offloading (FPSO) at Petronas-Hess’ US$5.2 billion North Malay basin development where the gas floater Lewek Arunothai would undergo modification to meet 1Q13 first gas production timeline.

Ezra Holdings Ltd (Ezra) has 24 per cent stake in Perisai currently. This would be reduced to 16 per cent after Perisai’s managing director completes the exercise of his option. As such HwangDBS Vickers noted that Ezra might want to inject the FPSO into Perisai in return for new shares to raise its stake again.

HwangDBS Vickers expected 13 per cent earnings boost by FY14 for 4Q14 contribution before realising full-year earnings impact of as much as 44 per cent earnings growth in FY15. It went on to peg a fair value of RM1.20 per share for the company.

Posted by excelyou > 2012-10-20 10:22 | Report Abuse

-Three major research houses have recommended a ‘buy’ call on Perisai Petroleum.

-Mr. Zainol Izzet, CEO of Perisai hold 7.7% of total shares .

-Ezra, a listed ltd in Sinagpore hold 16.1% of total shares.

Above 3 facts has remind us Perisai worth to buy in long term.

Posted by brave82 > 2012-10-22 08:12 | Report Abuse

Perisai oh perisai.........I wish perisai will go up like what Benalec is doing.....

Posted by bursabulltrader > 2012-10-22 09:56 | Report Abuse

Perisai or perisai... please don't go away... I want to get you, you are so attractive to me...... :-)

Posted by cmlooi > 2012-10-22 09:59 | Report Abuse

US market drop on Friday. So whole world toeing the line.

Posted by excelyou > 2012-10-22 10:05 | Report Abuse

Volatility and uncertainty are the catchwords for 2012. The stock picks for the year by fund managers reflect a cautious outlook. Apart from stocks with defensive qualities, their choices were skewed towards stocks that cater for consumers, such as those in the food industry. Perisai is one of the counters.

Source: The Edge Magazine, January 9, 2012

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

Halloween coming... hahahaha...scarying scene will be seen.. good for me to enter also... :-p

Posted by cmlooi > 2012-10-22 10:14 | Report Abuse

Yeah, Walking Dead New Season just started.

Posted by brave82 > 2012-10-22 12:24 | Report Abuse

oh no........still in red........any chance to rebound?

Posted by excelyou > 2012-10-22 12:25 | Report Abuse

Expected correction for few days

Posted by messibarca > 2012-10-22 12:39 | Report Abuse

lost power to ALAM

Posted by excelyou > 2012-10-22 13:35 | Report Abuse

Oil and gas sector still promising


THE oil and gas sector is still able to offer promising upside potential to investors over the near to medium term, backed by growing energy demand as well as unlocking of new resources, said a fund manager.

"The oil and gas story is still upholding," said Henrietta Lance, senior portfolio manager of Amundi Islamic Global Resources.

Speaking at a briefing hosted by AmIslamic Funds Management, Lance foresees that Asian energy demand will grow from 18 million barrels a day in 2010 to 24 million in 2020 and 30 million in 2030.

"In Europe, new technology is breathing fresh life into mature Norwegian and UK North Sea reserves and unlocking new resources and extending mature reserve life, while some American manufacturers have taken the decision to 're-shore'.

"Energy is not only 'defensive' in today's markets, there is also upside potential for investors though these dynamics are not yet reflected by equity markets," she added.

In terms of outlook, global resource companies with good visibility of earnings and attractive risk-reward ratios are among the key strengths.

Posted by azam87 > 2012-10-22 13:38 | Report Abuse

maybe its time for us to invest in reusable energy stocks. ^^

Posted by reyes430 > 2012-10-22 13:46 | Report Abuse

what is the attracting point for perisai? O&G industry outperform?

Posted by brave82 > 2012-10-22 15:17 | Report Abuse

red red red

Posted by bursabulltrader > 2012-10-22 15:58 | Report Abuse

Step by step yaaa...slowing come down yaaa... my little baby...

Posted by azam87 > 2012-10-22 16:51 | Report Abuse

i will buy more at 1.00