They dont need to hv profit to get out of pn 17. Once the restructuring plan is accepted by bursa then get of out of pn17 tat will be fine. Hopefully more positive news will come for perisai. Or else its abit hard to move further tats the truth
JANUARY 5TH, 1:54 PM BY BERNAMA KUALA LUMPUR: Deputy Finance Minister I Datuk Othman Aziz today agreed with bankers' forecast that the ringgit will rebound to a fair value of 4.1 against the US dollar in the third quarter of the year.
Bankers had forecast the rebound based on improving commodity prices such as rubber and palm oil, as well as steady economic fundamentals, he said.
At 1.11pm, the ringgit stood higher at 4.4840/4890 against the greenback, after opening at 4.4870/4900 at 9am, following improved oil prices which are expected to rake in higher revenue for the government.
Brent crude futures, the international benchmark for oil prices, are still hovering above US$55 per barrel.
"This is a cycle and it is not the first time we are experiencing this, because we have seen the worst level of RM5.3 (to the US dollar) before," he told a press conference after visiting the Credit Counselling and Debt Management Agency here today.
Don't trust our minister la.. with Najib is around he think Ringgit will recover that soon .. last time they said Ringgit drop because oil is drop, now Oil up why ringgit dropping further?
Flush out those bought on last Friday at 0.09 to 0.10. It should rebound after this. If it did not, then the trend has changed from up to down trend. Be careful.
Monday the co. Wld present its restructuring plan to the restricturing comm. Hope the plan wld be accepted and the result wld determine the movement of the price.
Oil price up doesn't effect so much on this counter, i think only good news from Perisai it self can make this counter up like crazy, Bad news also can bring down this counter like crazy..be extra carefully, until then i think it will play around 8-9cen
Every morning need to wake up earlier waiting news from Perisai, if Bad news out then we should sell our share ASAP before it's to late, if good news come then we can smile and get a reward
this counter already drop to 8-9sen. you have nothing much to lose. wht to worry. 1 lot will only cost you rm80 to rm90, this is much more cheaper than a tower of beer selling in the pubs.
Saudi Aramco ve already leads the production cut as well as Rusia.Saudi Aramco aggreed to raise the oil price for their clients. Effect ll be seen soon . Mayb not today or next week. But once price shoot ,perisai price might back to 20 Sen or 30 Sen. So guys u wanna sell at 8 or 9 Sen or 10 Sen ? 1 year back perisai is 30 Sen+
8 cents..... and company under pn17 status, 06 Jan - Tabung haji announce that it has ceased to be a major shareholder, and it a restructuring what usually follows is share write down and capital reduction..... for those already in - hang in there.... but to invest more, one needs to have balls of steel.... 12 mths to get out of pn17 status started in Oct 16? Not sure when started...
WTI traded in a $52.11 - $55.25 range this week driven by sharp moves in currencies, updates related to good and bad behavior on production cuts from OPEC and non OPEC exporters and a poor EIA report. On the bearish side the US Dollar index’s highest print since December 2002 and Iraqi PM al-Abadi’s assertion that their Kurdish region was already violating its export limit agreement put downward pressure on oil early in the week. (Reuters later reported that Iraq has cut production by 200k bpd which is in line with the OPEC agreement.) Libya also added to the negative news by reopening the last of its conflict-shuttered export terminals which- according to Platts- had capacity of up to 230k bpd in 2013. More bullishly, Bloomberg reported Thursday that Saudi Arabia has been fully complicit with its production cuts by reducing output by 486k bpd to 10.06m bpd.
Going forward, we expect that a strong US Dollar and OPEC infighting will continue to apply bearish pressure to the market. However, we also believe that already-improving fundamentals in addition to even modest production cuts will generously support prompt spreads and flat price. Therefore, we are abandoning our $47-$55 forecast for WTI held since October with a more positive view that crude will move into a $55-$61 range in the coming months.
This week’s DOE report also added pressure to the market with massive inventory builds in gasoline and distillates in addition to a crude oil build in Cushing of more than 1m bbls which brought stocks in the hub to an eight-month high at 67.5m bbls. The only semi-bright spots of the report were a 7m bbl draw in PADD III which was almost entirely due to an import slowdown and a decent increase in refinery inputs.
Away from the oil market, the US Fed released minutes from its December meeting this week which revealed optimism on the ability of the economy to reach employment and inflation targets in 2017. Fed fund futures suggest that the FOMC’s next rate hike will occur in June. The minutes were adequately dovish for the US 2yr yield’s selloff to continue for a third straight week; perhaps the US Dollar’s post-election moon shot could be due for a crude-friendly pause as well.
on 28/12 - LTH left 67,004,700 share , 29th disposed 10,300,000, so still left around 56million share (less than 5%) , see if they keep disposing or not
Business news usually help us the public by strongly hinting to us the scenario of the company e.g. Perisai, Tabung haji disposal. It's trying to tell the public something. They can't write news like the co is sinking etc etc
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Posted by juzaguy > 2017-01-05 11:28 | Report Abuse
normally how long it takes for restructuring? they have 9 months' time right?