Posted by John Lu > 2016-11-29 18:29 | Report Abuse

Calvin 4 chun chun stock annouce QR today

DRB -309 mil, eps -16c, profit -8045%
Perisai -293 mil, eps 23.81c profit -3146%
Dutaland 932k, profit drop 63%
Mpcorp -4.06 mil, eps -1.41% profit -34%

Calvin tomorrow prepare to sell house sell car sell wife sell father and mother and sell your own backside??

Posted by necro > 2016-11-29 21:50 | Report Abuse

Najis stock

Posted by SHQuah > 2016-11-30 08:27 | Report Abuse

In a filing with Bursa Malaysia today, Perisai said its net loss for 9MFY16 was mainly due to provisions for impairment on investment in joint ventures (JVs) of RM89.32 million, plant and equipment (RM92 million), and prepayment — RM23.8 million at consolidated level and RM54 million at JV level.

The group will remain cautious on its capital and cost management. Operational efficiency of the operating assets is expected to be maintained while pursuing various opportunities with respect to the Rubicone, Enterprise 3 and drilling rig," it added.

Posted by albertwarrior > 2016-11-30 18:07 | Report Abuse

Brent rebound to $48.73/barrel

Posted by albertwarrior > 2016-11-30 20:16 | Report Abuse

Oil jumped more than 7 percent on Wednesday, after the Saudi oil minister said an agreement among OPEC members on cutting output was close, putting the price on course for its biggest one-day move since April.
Brent crude futures rose $3.75 on the day to $50.13 per barrel by 7:04 a.m. ET (1204 GMT), while U.S. West Texas Intermediate (WTI) crude futures rose $3.57 to $48.80 a barrel.

Posted by albertwarrior > 2016-11-30 22:14 | Report Abuse

Write a comment..Oil price surges as Opec 'agrees output cut' – business live
Oil producers have reportedly agreed to cut production by more than 1m barrels a day, driving Brent crude over $50 a barrel, but analysts want to see the details

Posted by albertwarrior > 2016-11-30 22:16 | Report Abuse

Brent reached $50 and above

Posted by Lk036 > 2016-11-30 22:22 | Report Abuse

Just ask a curious question. Will OPEC officially say n agree to cut output but in reality/futures, output is still the same or even increase. Who monitor?

Posted by tiongkeat > 2016-11-30 22:57 | Report Abuse

Epf still hold so much shAre? Omg lol

Posted by albertwarrior > 2016-12-01 06:39 | Report Abuse

Oil prices soared as much as 10 percent on Wednesday as some of the world's largest oil producers agreed to curb oil output for the first time since 2008 in a last-ditch bid to support prices.
However, they were unlikely to skyrocket further in reaction to the deal and the rally may even be short-lived, traders and analysts said.
The Organization of the Petroleum Exporting Countries agreed to cut production to 32.5 million barrels per day, Kuwait's oil minister said. The cuts include Iraq reducing output by 200,000 bpd to 4.351 million bpd beginning in January. The country had previously resisted cuts, providing a hurdle to an agreement.

The cut will put production at the low end of a preliminary agreement struck in Algiers in September, and will reduce output from a current 33.64 million bpd.

PLAY VIDEO

The group's de facto leader Saudi Arabia said it would take the lion's share of cuts — reducing output by almost 486,000 bpd to 10.06 million bpd — to get the deal done.
Iraq, OPEC's second largest producer which had previously resisted cuts, providing a hurdle to an agreement, agreed to reduce output by 200,000 bpd to 4.351 million bpd.
Iran was allowed to boost production slightly from its October level. This was a major victory for Tehran, which has long argued it needs to regain market share lost under Western sanctions.
Non-OPEC member Russia, which had long resisted cutting output and pushed its production to new record highs in recent months, agreed to cut output by 300,000 bpd. OPEC will meet with non-OPEC producers on Dec. 9.

Posted by JoshuaMS7 > 2016-12-01 09:00 | Report Abuse

this counter still got hope? can pass through this difficulty moment. After this year, oil trend should be changed totally. Hopefully this counter can be recovered back.

Posted by Bullhunter > 2016-12-01 12:25 | Report Abuse

is there hope for perisai to recover with oil prices up???

Posted by themazetrader > 2016-12-01 12:47 | Report Abuse

6 Sen soon

Posted by themazetrader > 2016-12-01 12:47 | Report Abuse

Oil is still going up

Posted by KedahMalay > 2016-12-01 13:19 | Report Abuse

Still wait

Posted by albertwarrior > 2016-12-01 14:01 | Report Abuse

Brent now @ $50.47/barrel

Posted by JoshuaMS7 > 2016-12-01 14:11 | Report Abuse

Brent 52.60
WTI 50.15

Posted by JoshuaMS7 > 2016-12-01 14:33 | Report Abuse

next week non opec deal should hit to 60 and above, slowly from Jan 2016 hit to 70

Posted by Leoleo > 2016-12-01 14:43 | Report Abuse

make money can run 0.055 0.06

Posted by JoshuaMS7 > 2016-12-01 22:03 | Report Abuse

why run? oil worst case is over! spring is coming. hold tight!

Posted by jayalbert > 2016-12-01 22:34 | Report Abuse

That's quite an optimistic view for oil to hit 70 level in 2017, bit then, anything is possible, look at brexit n trump

Posted by B4b4 > 2016-12-01 23:40 | Report Abuse

Higher oil prices will help Perisai to settle up their borrowings soon. Oil explorations will expand , hence more business will take place . Decommisioning of old rigs will be replaced by new ones. Perisai will ride up

Posted by Barclays > 2016-12-01 23:44 | Report Abuse

Sad. Everybody thinks oil price up,all stocks up. It.would take like 5 months to a year for a high oil price.to bring perisai back into the blacks. The debt so freaking high and OPEC oil deal will most probably offset by increased oil production in USA under Trump pro energy policy. As I said again,it would take few months for perisai to turnaround. Analysis by Barclay Investment bank.

Posted by albertwarrior > 2016-12-02 06:09 | Report Abuse

Brent now @ $53.70/barrel

Posted by albertwarrior > 2016-12-02 08:01 | Report Abuse

Brent uptrend to $53.90/barrel

Posted by JoshuaMS7 > 2016-12-02 08:41 | Report Abuse

this counter seems going to be fly

Posted by cashflow > 2016-12-02 09:31 | Report Abuse

Perisai target close 0.08 before end dec

Posted by cashflow > 2016-12-02 09:32 | Report Abuse

People always miss the train when the buy opportunity is there :)

Posted by JoshuaMS7 > 2016-12-03 06:18 | Report Abuse

Brentwood breaking 54++, going forward 55! End of this month should 60 above and maintain steady. Next quarter perisai should turn green

Posted by albertwarrior > 2016-12-03 12:46 | Report Abuse

Brent @ $54.46/barrel

Posted by albertwarrior > 2016-12-03 12:59 | Report Abuse

PETALING JAYA: Bank Negara announced several measures to increase the demand for the ringgit and reduce its volatility against the US dollar.

Among the measures are that exporters are to convert 75% of their proceeds into ringgit effective Monday.

At the moment, exporters are required to bring back their proceeds into Malaysia within three months of completing a transaction.

However they are allowed to hold the proceeds in foreign currencies.



As such most companies tend to hold their export proceeds mainly in US dollar with local banks, with the view that the dollar tends to appreciate in the longer term.

This has contributed to the weakening of the ringgit against the US dollar. Since early this year, the ringgit weakened by 3.72% against the US dollar.

“Effective Monday, exporters are required to convert 75% of their proceeds into ringgit after bringing the money back here,” Bank Nega­ra’s assistant governor Adnan Zay­lani told a media briefing here yesterday.

The central bank said that as an incentive, companies could place their proceeds from exports in local banks and earn a special deposit rate of 3.25% per annum.

The amount held by exporters in foreign currencies is estimated to be closer to RM90bil.

At current exchange rate of dollar and ringgit, the gradual conversion of the export proceeds could result in Bank Negara’s reserves increasing by more than US$18bil (based on an exchange rate of RM4.44 to the dollar).

Bank Negara’s measures were immediately felt in the offshore market.

For the first time in recent weeks, the ringgit strengthened against the US dollar in the offshore market closing at RM4.44 yesterday evening.

In the domestic market, the ringgit closed at RM4.45 against the dollar, weakening marginally.

A dealer said that the traders in the offshore market were reducing their exposure, anticipating that it could be less important in the short term.

Adnan, who heads Bank Negara’s Financial Markets Committee, said that between 2011 and 2015, only 1% of the proceeds from exports were converted into ringgit.

“Previously, between 2006 and 2010, some 28% of total proceeds from exports were converted to ringgit,” he said.

Other measures to increase the demand for the ringgit include placing a cap on the amount that companies and individuals can invest locally or abroad in foreign currencies.

At the moment, companies and indivi­duals with loans tied to local banks can only invest a certain amount abroad for instance to purchase companies or properties.

For companies with loans, the limit is RM50mil while for individuals, it is RM1mil.

However, there are no restrictions for companies and individuals if they want to invest in foreign currency assets in the domestic market.

“Companies and individuals tend to buy US dollar bonds or investment instruments sold by local banks by taking borrowings from local banks. Now there will be a cap on this,” said a dealer.

Effective Monday, local companies and individuals with borrowings can only invest up to RM50mil and RM1mil respectively in foreign currency denominated assets in the domestic market.

Bank Negara also announced measures to help fund managers manage their portfolio of investments against the volatility of the US dollar-ringgit movement.

Posted by albertwarrior > 2016-12-03 12:59 | Report Abuse

http://www.thestar.com.my/news/nation/2016/12/03/bank-negara-takes-steps-to-increase-demand-for-ringgit/

Posted by albertwarrior > 2016-12-05 16:57 | Report Abuse

Brent reached $54.75/barrel

Posted by albertwarrior > 2016-12-08 09:44 | Report Abuse

Ringgit to strengthen to RM4.00 against US dollar in 2017: Trade experts
Posted on 8 December 2016 - 05:40am
Eva Yeong
sunbiz@thesundaily.com

KUALA LUMPUR: The depreciation of the ringgit is a temporary phenomenon and trade experts believe the currency will strengthen to RM4.00 against the US dollar next year, one of the most bullish projections for the ringgit thus far.

International Trade and Industry Ministry former senior director of Asean Economic Cooperation Datuk P. Ravidran Palaniappan expects the ringgit to strengthen to RM4.00 by the first quarter of 2017.

“I think the fundamentals surrounding the economy are very strong. In terms of external trade we are doing very well. The price of oil has gone up and commodity prices, such as that for palm oil, are relatively stable. I see this as a temporary rather than a long haul kind of thing,” he told reporters at the Institute of Chartered Accountants in England and Wales (ICAEW) 2017 Economic Outlook – New Realities Affecting Malaysia’s Economic Success briefing yesterday.

Asean-India Business Council co-chairman Datuk Ramesh Kodammal also expects the ringgit to strengthen to RM4.00, by the first half of 2017, as commodity prices are moving forward and oil prices are expected to trade at US$60-US$65 (RM266-RM282) a barrel in the near future.

He said with the ringgit at the present level, Malaysia is an opportunity for investors around the world as it has one of the best infrastructure within the region and he foresees a lot of opportunities for investors coming into Malaysia within the next six months to a year. The ringgit stood at RM4.43 against the US dollar yesterday.

Ramesh said the Asean economy will be driven by a young population, of which the majority are small and medium enterprises (SMEs) looking for opportunities to move forward within the region.

“This is the best time actually to look at it, that a person explore when things are not too good. You must start moving out to see what best you can get outside,” he said.

On Bank Negara Malaysia’s new policy requiring exporters to convert 75% of export earnings into ringgit, ICAEW economic adviser and Oxford Economics lead economist Priyanka Kishore said it will help stem the downfall of the currency.

However, she said, the ringgit’s depreciation is driven by US dollar strength rather than domestic economic fallout and the prospects of fiscal boost in the US is expected to continue supporting the US dollar.

“It’s going to lead to a slower degree of depreciation definitely, so to that extent it is a useful step but I don’t think it changes the momentum until the US dollar shows some signs of slowing down … these measures slow down the pace of depreciation rather than a complete reversal. I think a lot depends on how the US dollar rise and the US dollar strength pan out,” Priyanka said.

She said an example of these signs would be from the US Federal Reserve, in the form of a slower-than-expected interest rate increase in 2017, which the markets are moving to price in.

“If they move to reprice that again, that will lead to some pull back in the US dollar and that is way more important at time in terms of turning the tide of the currency.”

On the Trans-Pacific Partnership, Ravidran said more clarity is needed on the concerns of US President-elect Donald Trump and, in the meantime, Asean needs to step up economic integration and avoid restrictive measures.

He said the Regional Comprehensive Economic Partnership (RCEP) should be concluded and implemented early, given the challenging global environment, as it would contribute to the economic growth of the region.

“One of the things that Asean has to do is that they should not slide back, they should not be rolling back on commitments or adopting protectionist measures. We need to step up the integration and, with RCEP, I’m confident that the region will be able to sustain its economic growth. We are already engaging with Hong Kong, negotiations are going on. I see all these as positive signs for the region,” he added.

Posted by Santiago > 2016-12-09 15:45 | Report Abuse

SUSPENDED! Good news coming?

Posted by JoshuaMS7 > 2016-12-09 16:02 | Report Abuse

what's wrong? suspended?

Posted by cooling > 2016-12-09 16:31 | Report Abuse

delisting

Posted by davidlim85 > 2016-12-09 16:46 | Report Abuse

Gone case

Posted by eddi > 2016-12-09 17:20 | Report Abuse

No further development on repayment of interest and principal

Sumatec in making

Sayonara

Posted by i_investor > 2016-12-09 18:41 | Report Abuse

EMAS Offshore, part of Singapore’s Ezra Holdings, says it has terminated an agreement with Malaysia’s Perisai Petroleum Teknologi to buy the remaining 51% stake in joint-owned company SJR Marine.

Perisai Petroleum Teknologi has been under extreme financial difficulties having defaulted on a S$125m notes programme in Singapore. The $43m put option looked to have been a possible saviour to the company, but EMAS Offshore has been reluctant to take the SJR Marine shares from the Malaysia's Perisai Petroleum Teknologi.

http://splash247.com/emas-offshore-terminates-agreement-perisai-petroleum-teknologi-sjr-marine-put-option/

Posted by JoshuaMS7 > 2016-12-09 20:06 | Report Abuse

delisting? so our share will become paper?

Posted by powerchien > 2016-12-09 22:33 | Report Abuse

not so soon

Posted by JoshuaMS7 > 2016-12-10 10:39 | Report Abuse

Tuesday will hard sell?

Posted by emzekwhy > 2016-12-10 11:36 | Report Abuse

oppurtunity to accumulate.

Posted by BrahmaBull > 2016-12-10 23:46 | Report Abuse

suspended?

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

Brent up to $56.89/barrel

Posted by emzekwhy > 2016-12-12 08:32 | Report Abuse

resume trading on Tues

Posted by JoshuaMS7 > 2016-12-12 08:39 | Report Abuse

confusing now, buy or sell? oil price going 60 but default not being settle. how?

Posted by queryit > 2016-12-12 09:19 | Report Abuse

Is it not a conflict of interest that Captain Kumar is Executive Director of Perisai and also CEO and Executive Director of EMAS Offshore Limited? I wonder on which side of the fence he will sit given the magnitude of the issue.

Posted by r3490 > 2016-12-12 13:05 | Report Abuse

http://www.perisai.biz/ Am I missing something here? The fact that the oil price is rising is due to an agreed cumulative cutback of around 2M bbls per day is it not? Since Perisia's core business is in getting oil out of the ground and providing services to other companies who are getting oil out of the ground, how could cutting back on getting oil out of the ground have a positive impact on Perisai? Those more knowledgeable of this industry than I can feel free to knock me down on this, but as a basic business model where income streams are derived from and dependent on the levels of production of oil, it must follow that a restriction on these production levels presents a further and quite possibly catastrophic throttling off of potential revenue increases and a restricted customer base at a time when the company can least afford it?