Posted by nicky > 2016-07-28 09:44 | Report Abuse

hopeless ...

Posted by vc1922 > 2016-07-28 15:23 | Report Abuse

Buy perisai tp 80sen

Posted by Jolin Lai Chi Pet > 2016-07-28 19:03 | Report Abuse

no!!! Higher tpRm1.50..................in next 8 years

Posted by nicky > 2016-07-29 10:37 | Report Abuse

EXTENSION OF FARM-OUT TO HESS EXPLORATION AND PRODUCTION BV
OTHERS
PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")LETTER OF AWARD FOR
THE PROVISION OF THE JACK UP DRILLING RIG "PERISAI PACIFIC 101" ("PP101") FOR
PETRONAS CARIGALI SDN BHD ("PCSB")- EXTENSION OF FARM-OUT TO HESS EXPLORATION
AND PRODUCTION BV

Posted by nicky > 2016-07-29 10:40 | Report Abuse

The Farm-Out Extension commenced on 23 June 2016 and shall continue for a duration of up to fifty four (54) days which last date is 15 August 2016.
At the end of the Farm-Out Extension, the PP101 will be reassigned to PCSB to support PCSB’s drilling operations.
The Farm-Out Extension will have no effect on the issued and paid up share capital of the Company. It is expected to contribute positively to the Group’s financial position for the financial period comprised in the Farm-Out Extension.

Posted by nicky > 2016-07-29 10:41 | Report Abuse

Yet the price goes down

Posted by Bullhunter > 2016-07-29 10:49 | Report Abuse

so many have high hopes giving TP of 0.80, 1.20, haha. Le's pray it has enough financial resources and don't fall to PN17.

Posted by nicky > 2016-07-29 10:55 | Report Abuse

PN17 ? that bad ???

Posted by Bullhunter > 2016-07-29 11:54 | Report Abuse

Perisai Petroleum Teknologi - Prioritising Debt Restructuring

Author: kiasutrader | Publish date: Fri, 10 Jun 2016, 09:43 AM

We believe a restructuring of its MTN debt is needed to address stretched cash flows and a successful disposal of idling assets will be a plus point to the current situation. Rate reduction risk persists especially for its OSVs and FPSO amidst sector-wide slowdown. No changes to our forecasts. All in, we maintain our MARKET PERFORM call with an unchanged TP of RM0.26 pegged to CY17 P/BV of 0.35x.

Discontinued MOPU for sale. In 1Q16, management had the intention to sell its mobile offshore production unit (MOPU), Rubicone and classified it under "asset held for sale". PERISAI is currently in talks with potential buyers and we expect the selling price to come under pressure given the current weak market condition. However, should PERISAI secure any contract for the MOPU, it would be re-classified back to non-current asset and depreciation charged accordingly.

Continue to delay rig delivery amid rate cut pressure. Delivery date for its second jack-up rig was due in March and PERISAI is trying to defer the delivery until a contract is secured. Recall that PERISAI recently announced a delay for the delivery date of third jack-up rig, Perisai Pacific 103 to 30 Oct 2016 from 31 July 2016. Meanwhile, in our view, PERISAI could possibly face rate reduction risk from their clients for its OSV’s longterm contracts as well as its FPSO. Note that PERISAI is in the midst of negotiating its FPSO extension contract.

In need of debt restructuring. As of 1Q16, PERISAI’s short-term borrowings of RM460.7m included the unsecured MTN amounting to RM359.1m (equivalent to SGD125.0m) due in October this year. Based on the 1Q16 financial statements, we reckon the operating cash flow is only sufficient to pay off RM47.6m in term loan. Thus, PERISAI needs to either restructure its debt portfolio or defer repayment. Meanwhile, PERISAI is likely to exercise its put option to sell off its 51% stake in SJR Marine, which owns the pipe-laying barge, Enterprise 3 to EOC Ltd for USD43m at the end of the year, hence allowing PERISAI some breather amidst tightening cash flow.

Risk of breaching loan covenants. We are guided that PERISAI met its entire loan covenants attached to the MTN in 1Q16, including criteria on shareholders fund, gross gearing and interest cover. However, going forward, there is a risk of breaching these covenants if the MTN is restructured on the same terms. For instance, gross gearing threshold of 2.5x will be exceeded if the two jack-up rigs were delivered. Furthermore, PERISAI’s interest cover (including FPSO Kamelia’s contribution) may also fall below the 3x threshold if the extension is not granted or extended at substantially lower rates.

Retain MARKET PERFORM call. No changes to our current forecast at this juncture but we continue to be wary of its high net gearing of 1.9x. Target price is maintained at RM0.26 peg to 0.35x P/BV. Thus, we reiterate our MARKET PERFORM call. Downside risks to our call: Inability to secure new contracts for its Jack-up rig and (ii) inability to renew its FPSO contract or redeploy to other fields.

Source: Kenanga Research - 10 Jun 2016

Posted by koyokui > 2016-08-03 07:27 | Report Abuse

buy perisai got contract

Posted by vc1922 > 2016-08-03 10:18 | Report Abuse

Buy perisai goreng

Posted by albertwarrior > 2016-08-04 13:54 | Report Abuse

http://www.cnbc.com/2016/08/03/oil-prices-bounce-after-us-gasoline-inventory-draw.html

Posted by albertwarrior > 2016-08-04 13:54 | Report Abuse

http://www.wsj.com/articles/global-stocks-subdued-amid-weak-oil-prices-1470211144

Posted by albertwarrior > 2016-08-04 13:55 | Report Abuse

http://www.wsj.com/articles/asian-shares-rise-on-rebound-in-oil-prices-1470281199

Posted by albertwarrior > 2016-08-04 13:58 | Report Abuse

https://www.oilandgaspeople.com/news/9349/hess-extends-contract-for-perisai-jack-up-rig/

Posted by Bullhunter > 2016-08-04 14:10 | Report Abuse

good time to collect. More upside than downside. Once crude oil price stabilize, perisai will follow

Posted by stonenut2 > 2016-08-04 14:40 | Report Abuse

See how this Perisai fly one day when crude price fly

Posted by vc1922 > 2016-08-04 16:24 | Report Abuse

Buy perisai rebound coming

Posted by vc1922 > 2016-08-04 16:34 | Report Abuse

Perisai new tp 60sen

Posted by albertwarrior > 2016-08-05 11:27 | Report Abuse

Brent now @ $43.83/barrel

Posted by albertwarrior > 2016-08-08 08:01 | Report Abuse

Brent now @$44.32/barrel

Posted by vc1922 > 2016-08-08 09:39 | Report Abuse

Buy perisai tp 60seb

Posted by annmix > 2016-08-08 16:36 | Report Abuse

what drives to tp 60 sen ?!

Posted by albertwarrior > 2016-08-08 17:31 | Report Abuse

Brent now @$44.78/barrel

Posted by albertwarrior > 2016-08-08 17:32 | Report Abuse

http://m.moneycontrol.com/news/brokerage-recos-commodities/crude-oil-prices-to-move-higher-towards-2865-levels-choice_7221601.html

Posted by albertwarrior > 2016-08-08 17:32 | Report Abuse

http://www.news18.com/news/india/oil-prices-up-in-asian-trade-1278869.html

Posted by davidkkw79 > 2016-08-08 22:12 | Report Abuse

2016-08-08 17:04
贝利赛（PERISAI，0047，主板贸服组）将有3亿5900万令吉中期票据在2个月内到期，马银行研究认为相关票据重组将是公司熬过难关的当务之急，而积极削减成本和脱售资产计划虽有助缓和财务压力，但无力扭转严峻营运环境挑战，下砍未来3个财年盈利目标68至105%。

Posted by albertwarrior > 2016-08-08 23:43 | Report Abuse

http://www.cnbc.com/2016/08/07/oil-prices-rise-on-renewed-output-freeze-talks-but-fundamentals-remain-weak.html

Posted by albertwarrior > 2016-08-09 10:06 | Report Abuse

Brent now @ $45.17/barrel

Posted by albertwarrior > 2016-08-09 17:06 | Report Abuse

http://www.vanguardngr.com/2016/08/opec-predicts-rise-crude-oil-price-next-month/

Posted by albertwarrior > 2016-08-09 19:14 | Report Abuse

http://www.marketwatch.com/story/oil-prices-walk-back-from-sharp-rally-with-focus-on-us-data-2016-08-09

Posted by AzerothJr > 2016-08-10 01:31 | Report Abuse

Oil price might rise to USD 45 / 50, but this counter is constantly making new low.

Posted by stonenut2 > 2016-08-10 02:16 | Report Abuse

You will see this counter fly when oil hit Usd70 per Barrel not now dude

Posted by annmix > 2016-08-11 14:51 | Report Abuse

well hope they still can sustain before oil back to 70, mayb another 2 year, this time round oil stock really doom for long time

Posted by SniperElite > 2016-08-11 16:49 | Report Abuse

I was reading the news about Perisai, SUSPENSION OF SECURITIES KUMPULAN PERANGSANG SELANGOR BERHAD - does anyone know what this all means for Perisai?

Posted by stonenut2 > 2016-08-12 01:45 | Report Abuse

Now oil is in demand guys. Now low productions. Not enough to supply

Posted by stonenut2 > 2016-08-12 01:48 | Report Abuse

https://www.google.com/amp/www.wsj.com/amp/articles/iea-sees-oil-demand-easing-as-economic-outlook-dims-1470902402?client=ms-android-samsung

Posted by vc1922 > 2016-08-12 09:15 | Report Abuse

Buy perisai oil up too much

Posted by albertwarrior > 2016-08-12 11:24 | Report Abuse

http://finance.yahoo.com/news/oil-prices-rise-talk-possible-exporter-moves-prop-013516730--finance.html

Posted by albertwarrior > 2016-08-12 11:25 | Report Abuse

Brent reach $46.18/barrelabarrel

Posted by Jolin Lai Chi Pet > 2016-08-12 19:32 | Report Abuse

perisai should reach 46 cents by year end............

Posted by albertwarrior > 2016-08-13 09:24 | Report Abuse

http://oilprice.com/Energy/Energy-General/Oil-Prices-Rally-Into-The-Weekend-On-Flurry-Of-Bullish-News.html

Posted by albertwarrior > 2016-08-13 09:25 | Report Abuse

WTI @ $44.49/barrel
Brent @ $46.97/barrel

Posted by albertwarrior > 2016-08-13 09:28 | Report Abuse

http://www.marketwatch.com/story/oil-prices-extend-gains-after-saudi-hints-over-freeze-pact-2016-08-12

Posted by snwong13 > 2016-08-13 21:12 | Report Abuse

.
yesterday, the edge had some write up on Perisai.
very heavily geared due to heavy assets investments and deferred contacts further
financial results will publish soon
just hope for the best!

Posted by davidkkw79 > 2016-08-13 21:40 | Report Abuse

Perisai sound like 被你噻..... ==

Posted by asdf > 2016-08-14 06:06 | Report Abuse

油氣業引爆違約擔憂　5銀行呆賬風險升高
OrientaldailyWed, Aug 10, 2016

（吉隆坡10日訊）新加坡油氣公司Swiber清盤事件，引發低油價環境推高油氣公司違約機率的擔憂，而國內7家上市的銀行集團當中，有5家的油氣領域貸款比例處于偏高水平，這也讓他們面對更高的風險。

大華繼顯分析員指出，國內有5家銀行的油氣領域貸款比例處於偏高水平，包括大馬銀行(AMBank，1015，主板金融股)、馬銀行（MAYBANK，1155）、艾芬控股（AFFIN，5185）、聯昌國際（CIMB，1023）和興業銀行（RHBBank，1066）。5家銀行的財測和目標價因此被下調。

目前上述銀行油氣領域的平均呆賬率為3-5%，大部份來自海外企業貸款。

而國內油氣公司接下來的違約機率也不小，且尚未反映在銀行股的股價走勢上。

作為參考，市場預測新加坡銀行的岸外服務油氣公司貸款，呆賬率最高可能去到30%。

儘管大馬油氣公司的主要客戶為國家石油（PETRONAS，簡稱國油），但並不能完全保證償還貸款的能力。這是因為國油大幅削減開支，提高終止合約的機率。此外，部份國內油氣公司擁有大比重的海外合約，被終止合約的風險更高。

有鑑於此，分析員相信，本地的油氣領域貸款將經歷一輪結構性重組，造成銀行呆賬撥備提高，尤其是針對那些高負債、營運現金流不斷下滑的油氣資產公司。

據分析員統計，高風險的油氣公司包括合順油氣（UMWOG，5243）、達洋企業（DAYANG，5141）、柏力賽石油（PERISAI，0047）、ICON岸外（ICON，5255）和達雅集團（DAYA，0091）。

馬銀行風險最高

馬銀行作為上述5家公司的主要貸款銀行，被違約風險最高。大馬銀行和興業銀行則分別是其中4家和3家油氣公司的主要貸款銀行。

分析員估計，2017上半年這些銀行的油氣領域貸款毛呆賬率，可能會提高2倍，至12-15%。

另一方面，新加坡油氣公司Swiber清盤事件，將會直接衝擊興業銀行和馬銀行的次季業績。前者2016財政年（12月31日結賬）盈利料因此減少12%；後者則微跌3%。

油氣股方面，柏力賽石油的違約風險最大。手上現金只有3600萬令吉，短期貸款卻高達4億6100萬令吉（今年10月到期），償還能力成疑。

另一家須關注的油氣公司為沙布拉肯查納石油（SKPETRO，5218），該公司是領域中最大的負債者。

Posted by albertwarrior > 2016-08-14 16:53 | Report Abuse

Brent now @ $46.97/barrel

Posted by albertwarrior > 2016-08-14 16:54 | Report Abuse

http://oilprice.com/Energy/Energy-General/What-Really-Caused-The-Oil-Price-Rebound.html

Posted by sayakamiyuki > 2016-08-15 00:02 | Report Abuse

Brent now at 47. Will q to buy perisai at 0.23 tomorrow