Posted by tcleng > 2012-11-12 15:34 | Report Abuse

PERISAI TARGET PRICE FROM HLG RM1.60 leh, it is far far away from today price.

Posted by tcleng > 2012-11-12 16:25 | Report Abuse

PERISAI UP UP UP

Posted by ongtkong > 2012-11-12 16:26 | Report Abuse

this week no up lah.....wait for next week

Posted by usry > 2012-11-12 16:28 | Report Abuse

Volume improve but market centiment not encouraging.. Will wait for next week

Posted by ongtkong > 2012-11-12 16:38 | Report Abuse

holiday mood....buyers already went for holiday

Posted by tcleng > 2012-11-12 16:39 | Report Abuse

NVM, buy first before it shoot up...

Posted by tcleng > 2012-11-13 10:52 | Report Abuse

PERISAI If the next week report is good, then it will be up more. If dividend announcement, then it will be like rocket

Posted by Wong Yi Shen > 2012-11-13 11:54 | Report Abuse

dividend not likely lah..company still growing..

Posted by trefoil > 2012-11-13 12:04 | Report Abuse

What's the possible TP? Seems RM1.60 is too high..

Posted by usry > 2012-11-13 15:09 | Report Abuse

Rm1.10 it okey 4 this cycle.. Overall market centiments no good. DJIA not encouraging and Europe also uncertainties.

Posted by tcleng > 2012-11-14 08:49 | Report Abuse

This is good. Anyway when the market in sentiment, it is a good buy time.

Posted by brave82 > 2012-11-14 09:20 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2012/11/14/business/20121114091947&sec=business

Posted by cwkhor > 2012-11-14 11:01 | Report Abuse

momentum is back, looking forward to close 52 high this week.

Posted by Wong Yi Shen > 2012-11-14 11:06 | Report Abuse

moving..

Posted by bursabulltrader > 2012-11-14 11:20 | Report Abuse

looks delicious....mmmmm.....thheavy pls up..so i can join perysai.

Posted by sheep > 2012-11-14 11:22 | Report Abuse

everytime a positive news is out, perisai will close negative...this no different...

Posted by excelyou > 2012-11-14 11:25 | Report Abuse

Perisai3Q12 results due on 20 November.Optimistic about its chances of securing a Malaysia-based FPSO charter contract by 2012, which would significantly boost its earnings and target price. Perisai bag this job. An emerging growth stock with multiple growth catalysts, Perisai remains one of preferred small-cap O&G plays.

Posted by excelyou > 2012-11-14 11:27 | Report Abuse

FPSO CONTRACT......By Maybank
We foresee Perisai, in partnership with
Emas Offshore, bagging Hess’ FPSO charter for the Kamelia field. Its FPSO Arunothai, currently undergoing refurbishment works in
Singapore, should be ready to meet its Jul 2013 work commitment.
Unless the job is re-tendered, no FPSO is available in the market to meet this deadline. Our back-of-the-envelope calculation suggests a potential earnings increment of MYR27m-36m p.a., based on: (i) a 50% stake in the USD400m asset, (ii) 70:30 debt:equity financing, and (iii) 15-20% ROE. This would be a major catalyst for the stock.

Posted by 390465 > 2012-11-14 13:52 | Report Abuse

TP : RM 1.40 ,can untung lar!!

Posted by brave82 > 2012-11-14 14:08 | Report Abuse

holding power.....

Posted by tcleng > 2012-11-14 14:14 | Report Abuse

Good perform today. Next week will be more to come

Posted by reyes430 > 2012-11-14 14:46 | Report Abuse

Tcleng, Hi, what do you mean by next week will be more to come and do you have any facts? plz enlighten! thanks!

Posted by tcleng > 2012-11-14 14:49 | Report Abuse

Because next week report is out, then more buyer will chase up the price

Posted by usry > 2012-11-14 14:55 | Report Abuse

market down 7 points.. will wait and see..hope can buy below RM1..

Posted by reyes430 > 2012-11-14 14:58 | Report Abuse

Alright thanks Tcleng!

Posted by tcleng > 2012-11-14 15:23 | Report Abuse

I think Perisai won't drop to RM1 due to report is close. And, Maybank just give TP 1.40

Posted by usry > 2012-11-14 15:29 | Report Abuse

will monitor it on Friday.. usually there are selling pressure on Friday Afternoon.. if it maintain at this level (RM1.04- RM1.02) than will buy it.
Thanks bro Tcleng for ur comments.

Posted by excelyou > 2012-11-14 15:30 | Report Abuse

HK fund managers accumulated another batch of 3,105,600 shares last week.

Posted by cwkhor > 2012-11-14 15:32 | Report Abuse

i don't think Q3 result will be significantly better than Q2, i expect flat q2q. the only catalyst is new contract(s).

Posted by usry > 2012-11-14 15:52 | Report Abuse

yup.. should agree with bro cwkhor. i also think that the main driver for this share price movement now a days is the contract award.

Posted by cwkhor > 2012-11-14 16:05 | Report Abuse

i don't mean flat q2q is bad. if Perisai can achieve flat result for Q3 and Q4, that means PER 9.45 which is relatively cheap. 1.20 is reasonable to hit. beyond that, it needs at least one new contract.

Posted by Hong2 > 2012-11-14 17:02 | Report Abuse

Many buyer at 1.04 today, hope fly next week.....

Posted by mcchia > 2012-11-14 17:32 | Report Abuse

contract is awarded.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1116745

Posted by Wong Yi Shen > 2012-11-14 17:48 | Report Abuse

Mcchia: thanks for the news, nice one. Now lets see how the stock respond... :)

Posted by sheep > 2012-11-14 18:44 | Report Abuse

as usual, it's a no show until 20 november....

Posted by reyes430 > 2012-11-14 19:23 | Report Abuse

Thanks Mcchian for your valued information! Did anyone knows what is the time of bursa releasing this announcement?

Posted by brave82 > 2012-11-14 19:30 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2012/11/14/business/20121114181057&sec=business

Posted by tcleng > 2012-11-14 20:41 | Report Abuse

now everyone is talking about PERISAI. it is a good start.

Posted by Hong2 > 2012-11-14 21:35 | Report Abuse

Great! Hopefully next week to RM1.20,

Posted by excelyou > 2012-11-14 22:59 | Report Abuse

We foresee Perisai, in partnership with Emas Offshore, bagging Hess’ FPSO charter for the Kamelia field. Its FPSO Arunothai, currently undergoing refurbishment works in Singapore, should be ready to meet its Jul 2013 work commitment. Unless the job is re-tendered, no FPSO is available in the market to meet this deadline. Our back-of-the-envelope calculation suggests a potential earnings increment of MYR27m-36m p.a., based on: (i) a 50% stake in the USD400m asset, (ii) 70:30 debt:equity financing, and (iii) 15-20% ROE. This would be a major catalyst for the stock.

To focus on production and drilling. In future, Perisai will only enter into contracts requiring asset ownership if the job meets its internal project IRR of 15%, and will cap its gearing at sub-2x. Operations will be Malaysia-focused as it capitalises on import-substitution demand for Malaysian-owned assets and services. We are confident that Perisai will secure a charter for its jack-up drilling rig, scheduled for delivery in Jul 2014, as it rides on the import-substitution effect. Of the 15 jack-up rigs operating in Malaysia, only one is locally owned.

Maybank 14 Nov 2012

Posted by tcleng > 2012-11-14 23:10 | Report Abuse

I think it can touch 1.20 easily because now PEISAI obtain a lot contract.

Posted by excelyou > 2012-11-14 23:19 | Report Abuse

Ezra’s FPSO Lewek Arunothai Chartered Out to Hess E&P Malaysia
Posted on Nov 14th, 2012

The production division of Ezra Holdings Limited, EOC Limited (EOC), has secured via EOC’s Malaysian agent, Larizz Petroleum Services Sdn Bhd, its first award from Hess Exploration and Production Malaysia B.V. for the charter of the Group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai.

EOC is the 45.7% owned associate company and production division (EMAS Production) of the Group.

Hess E&P Malaysia, is part of a global energy group that is engaged in oil & gas exploration and production as well as refining and marketing of refined petroleum products, natural gas and electricity.

The Letter of Award will deploy the FPSO Lewek Arunothai, on a three-year fast-track gas production project in the North Malay Basin, Malaysia. The FPSO will be used to support early production activities and is targeted to be on station from mid-2013.

The award has a firm value of US$272.1 million for three years with the potential of another US$271.1 million should the full extension of three years be exercised.

Mr Lionel Lee, Group Managing Director of Ezra, said: “We are delighted that Hess has given us this vote of confidence. This win is proof of our competitiveness in the offshore production business in Asia. For EOC, this award will improve its earnings visibility and expand its client base.”

The Lewek Arunothai is expected to undergo refurbishment works in Singapore to further enhance her operational capabilities. Part of the upgrade includes the addition of an external turret mooring system which is being designed and fabricated in part by the Group’s turret design company, London Marine Consultants Limited, and TRIYARDS Holdings Limited, Ezra’s engineering and fabrication division, which was listed on the SGX-ST by way of introduction via a dividend-in-specie on 18 October 2012.

PERISAI WILL ACQUIRE FPSO VESSEL FROM IT SHAREHOLDER EZRA TO USE FOR PROVIDING SERVICES TO NORTH MALAY BASIN BECAUSE SOME LOCAL PARTICIPATION IS REQUIRED FOR JOBS FROM PETRONAS.

Posted by excelyou > 2012-11-14 23:28 | Report Abuse

EZRA ANNOUNCEMENT ON 14 NOV 2012

Ezra’s EOC secures award from Hess for its FPSO Lewek Arunothai
 Win for EOC Limited, Ezra’s Production arm, has a value of US$272.1 million (firm contract) with the potential of another US$271.1 million should the full extension be exercised
 Letter of Award for the lease of FPSO Lewek Arunothai for a three-year period with extension options of up to three years
 Award underscores Ezra’s competitiveness in the global offshore O&G sector
SINGAPORE  14 November 2012
The production division of Ezra Holdings Limited (‘Ezra’, the ‘Group’ or 以斯拉控股), EOC Limited (EOC), has secured via EOC’s Malaysian agent, Larizz Petroleum Services Sdn Bhd, its first award from Hess Exploration and Production Malaysia B.V. (‘Hess E&P Malaysia’) for the charter of the Group’s Floating, Production, Storage and Offloading (FPSO) vessel, the Lewek Arunothai.
EOC is the 45.7% owned associate company and production division (EMAS Production) of the Group.
Hess E&P Malaysia, is part of a global energy group that is engaged in oil & gas (O&G) exploration and production as well as refining and marketing of refined petroleum products, natural gas and electricity.
The Letter of Award will deploy the FPSO Lewek Arunothai, on a three-year fast-track gas production project in the North Malay Basin, Malaysia. The FPSO will be used to support early production activities and is targeted to be on station from mid-2013.
The award has a firm value of US$272.1 million for three years with the potential of another US$271.1 million should the full extension of three years be exercised.

Posted by excelyou > 2012-11-14 23:34 | Report Abuse

BUSINESS TIMES
Published November 14, 2012

Ezra's EOC clinches US$272.1m deal from Hess E&P
ByLee Meixian print |email this article Ezra Holdings' production division, EOC Limited, has secured its first award worth US$272.1 million (S$) from Hess Exploration and Production Malaysia B.V..

This is for the charter of the group's floating, production, storage and offloading (FPSO) vessel, the Lewek Arunothai.

The deal was clinched through EOC's Malaysian agent, Larizz Petroleum Services Sdn Bhd.

Ezra, announcing the contract win on Wednesday, said the letter of award (LOA) will deploy the FPSO Lewek Arunothai on a three-year fast-track gas production project in the North Malay Basin, Malaysia.

Posted by Hong2 > 2012-11-15 08:13 | Report Abuse

Excelyou...thanks for sharing!

Posted by excelyou > 2012-11-15 11:51 | Report Abuse

Perisai wins RM833mil job
The Star, Thursday November 15, 2012


The FPSO contract awarded to its unit Larizz

PETALING JAYA: Perisai Petroleum Teknologi Bhd has clinched a contract to provide and lease a floating production storage and offloading facility (FPSO) and related operations including maintenance services for Hess Exploration and Production Malaysia BV's development block at the North Malay Basin.

The contract was awarded to Larizz Petroleum Services Sdn Bhd in which Perisai has a 40% stake and is valued at US$272.1mil (RM833.3mil) with a potential of an additional US$271.1mil (RM830.24mil) should a full extension be exercised.

This contract is expected to contribute positively to Perisai's financial position for the periods comprised in the duration of the contract.

Perisai said that its managing director Zainoal Izzet Ishak is also a director of Larizz and holds 60% of Larizz's issued share capital. The company also noted that Ezra Holdings Ltd through Emas Offshore (M) Sdn Bhd and HCM Logistics Ltd which holds 16% of Perisai's issued share capital also owns 45.7% of the EOC Ltd Group.

EOC Ltd is a Singapore-based FPSO and offshore construction contractor listed on the Oslo Stock Exchange in Norway.

EOC is an oil and gas construction and production services company that supports the post-exploration phases of offshore oil and gas fields' life cycle.

Larizz, which acts on behalf of the principal for this project EOC Ltd and its group of companies, is the owner of the Lewek Arunothai, the FPSO that will be the main asset for the production solution for Hess, a filing with Bursa Malaysia showed.

“The terms of the letter of award provide for a firm charter duration of three years with an extension options for up to three years.

“It will require the Lewek Arunothai to be deployed, operated and maintained as part of a fast-track gas production project in the North Malay Basin, Malaysia,” Perisai said.

The Lewek Arunothai was delivered as the EOC's inaugural FPSO vessel in 2008 and had recently concluded its contract with PTT Exploration and Production Public Company Ltd, Thailand's national oil firm in Nov 2011.

Posted by excelyou > 2012-11-15 11:55 | Report Abuse

OTHERS LETTER OF AWARD FOR THE PROVISION, LEASE, OPERATION AND MAINTENANCE OF AN FPSO FOR THE EARLY PRODUCTION SYSTEM OF A DEVELOPMENT BLOCK SITUATED AT THE NORTH MALAY BASIN, MALAYSIA
PERISAI PETROLEUM TEKNOLOGI BHD

Type Announcement
Subject OTHERS
Description LETTER OF AWARD FOR THE PROVISION, LEASE, OPERATION AND MAINTENANCE OF AN FPSO FOR THE EARLY PRODUCTION SYSTEM OF A DEVELOPMENT BLOCK SITUATED AT THE NORTH MALAY BASIN, MALAYSIA

Please refer to the attachment for further details.

Attachments
PERISAI-announcement(14112012).pdf

Announcement Info
Company Name PERISAI PETROLEUM TEKNOLOGI BHD
Stock Name PERISAI
Date Announced 14 Nov 2012
Category General Announcement
Reference No CC-121114-61130

Posted by excelyou > 2012-11-15 12:24 | Report Abuse

Perisai has secured an agency contract to operate an FPSO unit in the North Malay Basin on behalf of EOC. But the bigger prize is in the potential equity ownership of the FPSO unit, which could give Perisai access to a 3-year US$272m deal, not inclusive of extension options.

Posted by excelyou > 2012-11-15 12:31 | Report Abuse

More on the announcement
The contract for the provision and lease of the FPSO unit is secured by Larizz on behalf of the principal, EOC. Oslo-listed EOC is a Singapore-based FPSO and offshore construction contractor. It is a unit of Ezra which has a 17.3% stake in Perisai.
Perisai holds a Petronas license through Larizz, in which it has a 40% stake. Perisai’s managing director Izzet Ishak owns the remaining stake in Larizz. He and Dato’ Dr. Mohamed Ariffin Aton, chairman of Perisai, serve as the directors of Larizz.
EOC is the owner of Lewek Arunothai the FPSO unit that will be the main asset for Hess’s production solution at the North Malay Basin. The contract is for three years with extension options of up to three years. The FPSO unit, which will be used to support early production activities, is targeted to be at project site in mid-2013 after undergoing an upgrade in Singapore. The
contract has a value of US$272m for the primary charter, with the potential of another US$271m if the full extension is exercised.
Assuming a 2% agency fee, Perisai is set to book an annual net profit of RM5.4m. However, the bigger prize is in the equity ownership of the FPSO unit, which is set to enjoy a steady income for up to six years. To this end, Perisai has started talks with EOC for the proposed acquisition of a stake in the FPSO unit by Perisai. The terms have yet to be finalised. If Bumi Armada’s earnings model is any guidance, Perisai could realise annual net profits of RM19m on the FPSO unit assuming the company: 1) owns a minimum 30% stake in the unit, and 2) pays a 25% statutory tax rate.

The FPSO unit would be Perisai’s 11th asset. Currently, the company owns eight marine support vessels, a pipelay barge and a mobile offshore production unit.

Posted by excelyou > 2012-11-15 13:01 | Report Abuse

Perisai FY14 net profit will see another jump (excluded FPSO) when Perisai accepts delivery of its first jackup rig (expected by mid-14) to Sembcorp Marine’s subsidiary at cost US$208mil (RM635.86mil). The contract, signed through its subsidiary Perisai (L) Inc with PPL Shipyard, is for a rig construction expected to be completed and delivered by the end of July 2014.

FY2014 is a good financial year for Perisai.