Posted by JoshuaMS7 > 2016-12-13 10:07 | Report Abuse

luckily no sell all perisai :)

Posted by JoshuaMS7 > 2016-12-13 10:07 | Report Abuse

waiting next year theme coming back

Posted by albertwarrior > 2016-12-13 10:11 | Report Abuse

Biggest run in prices in 18 months.

Oil prices surged to an 18-month high on Monday after the world’s top crude producers agreed to the first joint output cut since 2001, sparking concerns about inflation, which pushed up U.S. Treasury yields to a more than two-year peak.

Yields also gained ahead of a two-day Federal Reserve policy meeting that starts on Tuesday, where the U.S. central bank is expected to raise interest rates for the only the second time since the global financial crisis.

The gain in oil prices followed the weekend agreement between OPEC and key non-OPEC states. Brent crude futures were up $1.76 at $56.09 per barrel, a 3.2% rise, after hitting a session peak of $57.89, the highest since July 2015.

U.S. crude futures were up $1.73 at $53.24 a barrel, a 3.4% gain.

There was particular surprise as Saudi Arabia, the world’s top producer, said it may cut its output even more than it had first suggested at an Organization of the Petroleum Exporting Countries (OPEC) meeting just over a week ago.

Energy shares jumped, helping lift the Dow Jones industrial average and S&P 500 to record intraday highs in early trading on Monday. The S&P 500 SPX 0.00% later retreated, with consumer discretionary shares among the biggest drags.

The OPEC news and surge in oil prices were “good news for economic growth in the U.S. as well as Russia and others. But it will be to some extent tempered by a little bit of an impact on consumer spending,” said Hugh Johnson, chief investment officer of Hugh Johnson Advisors in Albany, N.Y.

“There are so many reasons to believe inflation is going to be headed higher, and this just adds fuel to that fire,” which is why bond yields are up and the U.S. stock market is mixed, he said.

Posted by lwyy60 > 2016-12-13 12:08 | Report Abuse

This company no longer valid and related to oil since it soon will be risk of delisted, plus oil surge benefit to mfg & co on oil production. Bear in mind that what kind of service this company provided. Other it will be goring for once more & delisted. THAT ALL.

Posted by King Kong73 > 2016-12-13 14:43 | Report Abuse

Lwyy60..i hope that you are wrong.

Posted by stockstrader88 > 2016-12-13 16:03 | Report Abuse

Might go up further while pending the announcement of restructuring scheme by early Jan 17

Posted by stockstrader88 > 2016-12-13 16:05 | Report Abuse

But this stock only suitable for people can take high risk.

Posted by cashflow > 2016-12-13 21:23 | Report Abuse

Its not the first time perisai gone 0.045 low. Its a cycle, and good buy for risk appettite

Posted by King Kong73 > 2016-12-14 08:51 | Report Abuse

R3490..it is a production cut but selling at higher price dulu jual 700000bpd at US$45 compare dengan 600000bpd @ US$55...so more money even though output cut

Posted by SHQuah > 2016-12-14 16:52 | Report Abuse

Election is coming.
Tabung Haji, PNB & EPF need a lot of $$ to support government for Election.
They need push the stock market price up to get voter confident.
2017 is going to be a very good year for oil and Gas stocks.

Posted by Stock2017 > 2016-12-14 17:46 | Report Abuse

My view is the proposal to be presented to CGC on 09/01/2017 would determine the price of perisai. If the restructuring proposal is accepted by CGC, then there should not be any problem for perisai to try its luck to turn around the co. As the loan from the bank is guaranteed by cgc. Maybe 0.04 is the lowerst price for perisai n u wld not be able to get this price in jan 2017

Posted by emzekwhy > 2016-12-14 20:05 | Report Abuse

looks like someone is accumulating this counter.

Posted by emzekwhy > 2016-12-14 20:07 | Report Abuse

stock2017 is correct. wont get this price in early 2017

Posted by Stock2017 > 2016-12-14 20:55 | Report Abuse

Today I noticed 2 things: firstly at 9 am itself, buyer already bought 300 lots from the sellers at 0.06. Why buyers did not wait for bargain hunting? Secondly, most of the time, sellers at 0.06 were much more than the buyers at the price of 0.05, why the price still able to close at 0.06 instead of lower than yesterday's price? Something for u all to wonder?

Posted by KedahMalay > 2016-12-15 06:59 | Report Abuse

up up

Posted by B4b4 > 2016-12-15 09:40 | Report Abuse

Perisai is very very cheap. A white knight is coming to take over. No worry. It is on its way up .

Posted by B4b4 > 2016-12-15 11:03 | Report Abuse

Perisai is on its way UP since there are no more sellers even though KLCI in minus 10 pts . Then it can only go UP!

Posted by B4b4 > 2016-12-15 15:38 | Report Abuse

Perisai is going UP , do not wait too long. Take seller at 6s .

Posted by King Kong73 > 2016-12-15 17:42 | Report Abuse

Hehe...before xmas there will be a selling rate and then pick up january...holiday mood already

Posted by Lim Sc > 2016-12-15 17:54 | Report Abuse

Ezra wants Perisai dispute resolved to prevent costly legal battle (15 Dec 2016)
http://www.thestar.com.my/business/business-news/2016/12/15/ezra-wants-perisai-dispute-resolved/

Posted by B4b4 > 2016-12-16 06:33 | Report Abuse

http://oilprice.com/Latest-Energy-News/World-News/Saudi-Aramco-Sets-Up-Drilling-JVs-With-Foreign-Firms4994.html

Posted by B4b4 > 2016-12-16 06:36 | Report Abuse

With the raise of oil prices, more JV of oil exploration will take place. More jack up rigs needed . This is where Perisai is needed. The service oil and gas industry will be revive with full vigour. Now is the time to give Perisai a really serious consideration. Perisai will be out off the woods soon.

Posted by B4b4 > 2016-12-16 07:53 | Report Abuse

http://oilprice.com/Energy/Energy-General/The-Pain-Is-Almost-Over-For-Oil-And-Gas-Drillers.html

Posted by albertwarrior > 2016-12-16 10:55 | Report Abuse

(Reuters) - Oil prices edged up on Friday after market sources said Kuwait had told customers it was cutting supplies by more than initially expected from January as part of a coordinated effort by oil producers to drain a global glut.

International Brent crude oil futures were trading at $54.22 per barrel at 0114 GMT, up 20 cents, or 0.37 percent from their last settlement.

U.S. West Texas Intermediate (WTI) crude futures were up 24 cents, or 0.47 percent, at $51.14 per barrel.

The slightly higher prices came after Kuwait, a member of the Organization of the Petroleum Exporting Countries (OPEC), notified customers that it would cut supplies from January as part of an effort by OPEC and other producers led by Russia to cut production by almost 1.8 million barrels per day (bpd) in order to reduce a fuel supply overhang that has dogged markets for over two years.

Kuwait Petroleum Corporation (KPC) already said on Tuesday that it had officially notified its customers of a cut in their contractual crude oil supplies for January, in line with a deal with OPEC to reduce production.

Traders said that market prices rose as KPC appeared to be cutting supplies more than initially expected.

"Prices recovered as news emerged that Kuwait was said to be making bigger production cuts to U.S. and European customers," ANZ bank said on Friday.

Posted by B4b4 > 2016-12-16 11:42 | Report Abuse

With the oil prices up, then next come the oil exploration. With these in place, oil servicing will be needed. Perisai will be back kicking and healthy again.

Posted by B4b4 > 2016-12-16 17:28 | Report Abuse

Perisai expertise is needed to service the oil rigs so as to avoid COLLAPSE of the rigs like the one happened today in the Caspian Sea

Posted by B4b4 > 2016-12-17 05:52 | Report Abuse

Oil prices went strongly up again with Brent oil closing on to 56 pb and WTI Crude is 52 pb. As oil prices goes up , oil services industry will be in demand again very soon.

Posted by albertwarrior > 2016-12-17 09:31 | Report Abuse

Singdollar set to slide past S$1.45 against the US dollar as MAS resumes easing, say analysts
Singapore dollar notes and coins. Sing dollar is set to slide past S$1.45 against the US dollar.
Singapore dollar notes and coins. Sing dollar is set to slide past S$1.45 against the US dollar. PHOTO: ST FILE
PUBLISHEDDEC 16, 2016, 9:47 AM SGTUPDATEDDEC 16, 2016, 10:36 AM
FACEBOOK223TWITTERWHATSAPPEMAIL
SINGAPORE (BLOOMBERG) - The Singapore dollar is likely to slide to levels seen in the aftermath of the global financial crisis as the Monetary Authority of Singapore (MAS) resumes easing policy in April. So says an analyst who has correctly predicted the last three central bank decisions.

MAS, which uses the currency as a tool to manage the economy rather than interest rates, is set to lower the centre of the band within which it steers the local dollar as Singapore's export-driven economy feels more pain from China's slowdown in 2017, according to Mr Vaninder Singh, an economist at NatWest Markets, part of Royal Bank of Scotland Group .

The currency is set to weaken past S$1.45 against the greenback within the next six months, Mr Singh said, a level last seen in August 2009.

Posted by albertwarrior > 2016-12-17 09:35 | Report Abuse

Write a comment..The local dollar will probably slump to $1.48 at the end of next year on the prospect of higher US interest rates and a weaker Chinese yuan, Mr Heng said.

The Australia and New Zealand Banking Group also expects Singapore's central bank to adjust the centre of its policy band next year, said Mr Khoon Goh, its head of Asia research in Singapore. Investors who are betting on a decline in the currency can take profit at $1.50, he said.

Posted by B4b4 > 2016-12-17 12:24 | Report Abuse

That means the bond Sg 125m will be much cheaper to pay back next year, plus interest. Perisai revenue is still good despite the bad times, even have gross profit of 7.801m, total 9 months revenue is still healthy(146.883m) and total 9 months gross profit is good too ( 49.33m). The loses is actually provisions for impairments. With more than 10 years experience in this industry, Perisai will survive and come out stronger. Stay HAPPY and CHEERS

Posted by B4b4 > 2016-12-17 18:08 | Report Abuse

Oil exploration slowed down tremendously the last two years. Now oil exploration is on the increased. Soon servicing of og will increased.

Posted by albertwarrior > 2016-12-18 00:22 | Report Abuse

Brent @ $55.21/barrel

Posted by B4b4 > 2016-12-18 07:12 | Report Abuse

Yes albertwarrior, 55.21 pb and still going up . The good news is oil exploration is increasing. Perisai will have more revenue. Then a white knight will appear. With more than 10 years in this industry, Perisai will certainly have the know-how to survive this problem. Lets hope and pray.

Posted by B4b4 > 2016-12-18 08:08 | Report Abuse

Oil prices keep going up. Oil industry will be a good investment next year. By then, Perisai 6s will become 10s or more. Many companies in the oil industry will survive. More demand for M&A will emerged. Then Perisai will have a white knight. Again the share price will go up to 20s.

Posted by B4b4 > 2016-12-19 09:16 | Report Abuse

It is when everyone is sleeping, there are ppl that slowly collecting. Oil prices are now above 50 pb. Og services will be needed. Perisai will be up again

Posted by B4b4 > 2016-12-19 10:14 | Report Abuse

Perisai now 6s. Soon 6s will be gone!

Posted by albertwarrior > 2016-12-19 12:17 | Report Abuse

Mon Dec 19, 2016 | 4:08 AM GMT
Oil prices rise in anticipation of tighter 2017 market

Photo
A customer prepares to fill the tank of her car at a fuel station in Sint Pieters Leeuw, Belgium, December 5, 2014.
REUTERS/YVES HERMAN/FILE PHOTO
By Henning Gloystein | SINGAPORE
(Reuters) - Oil prices rose on Monday in anticipation of tighter crude supply going into 2017 following the decision by OPEC and other producers to cut output to prop up prices.

Brent crude futures LCOc1, the international benchmark for oil prices, were trading at $55.57 per barrel at 0401 GMT, up 36 cents, or 0.7 percent, from their last close.

U.S. West Texas Intermediate (WTI) crude oil futures were up 43 cents, or 0.8 percent, at $52.33 a barrel.

Traders said the higher prices in front-month crude futures were due to expectations of a tighter market.

The Organization of the Petroleum Exporting Countries (OPEC) and other producers led by Russia have announced cutbacks of almost 1.8 million barrels per day (bpd) in oil production from January 2017 in an effort to bolster prices to reduce rampant global overproduction which has seen output outstrip consumption for over two years.

"With investors now expecting a relatively high level of compliance with the production cut agreements, prices should be well supported," ANZ bank said on Monday.

"Saudi Arabia has stated its willingness to cut production below 10 million bpd if needed (down from around 10.5 million bpd currently), which should limit risk to the deal," U.S. bank Morgan Stanley said on Monday, adding that some of the non-compliance risk to the deal to cut output in 2017 came from Iraq, which increased its January loadings versus December.

ANZ bank said that "some weakness in U.S. dollar also helped improve (oil) investor sentiment."

The dollar has lost 0.8 percent against a basket of other leading currencies .DXY since hitting 2002 highs last week.

Swings in the dollar can affect oil demand as they influence fuel prices for any country using its own currency domestically.

Posted by B4b4 > 2016-12-19 12:41 | Report Abuse

A white knight is coming to save Perisai. However, with oil up and up , Perisai can come out of PN 17 on its own

Posted by B4b4 > 2016-12-19 21:48 | Report Abuse

Got people happily eating up shares cheaply at 0.055s. Buying and collecting. Smart ppl

Posted by Barrell > 2016-12-20 15:32 | Report Abuse

b4b4... i also think to gobble up at 0.055...i got 10k...so around 200k in shares...if perisai can go up until rm1..handsomely rewarded hihi

Posted by juzaguy > 2016-12-20 16:30 | Report Abuse

I thought Perisai is going to wind up? Or that is the past news?

http://www.straitstimes.com/business/bond-holder-seeks-winding-up-of-perisai

Posted by KedahMalay > 2016-12-21 11:44 | Report Abuse

Buy and sell...

Posted by SHQuah > 2016-12-21 16:39 | Report Abuse

if oil price can reach US$70. A lot people interested in taking over Perisai.

Posted by cashflow > 2016-12-22 15:14 | Report Abuse

Bumi armada buy Perisai

Posted by cashflow > 2016-12-22 15:39 | Report Abuse

Perisai goreng soon!

Posted by cashflow > 2016-12-22 15:50 | Report Abuse

Oil will hit 60 dollars regardless by Q1, Perisai fly to 0.1 (100% profit)

Posted by Michael Wong Yew Kong > 2016-12-22 15:51 | Report Abuse

Then shale oil will start pumping again.

Posted by juzaguy > 2016-12-22 18:03 | Report Abuse

@cashflow... where you hear Bumi Armada is going to acquire Perisai? mind to share?

Posted by albertwarrior > 2016-12-23 09:56 | Report Abuse

SGD reached 1.45 against USD

Posted by King Kong73 > 2016-12-23 10:48 | Report Abuse

@cashflow..betul ke cerita awak tu