Posted by Wong Yi Shen > 2012-11-19 12:55 | Report Abuse

Anyway, i'm out of perisai for the time being...only manage to sell off the rest at 1.10...now wait and see lar

Posted by isupertrader > 2012-11-19 12:55 | Report Abuse

isupertrader is just a malaysian "gwailo" citizen who resided here more than 11 years now under second home program. Also, a small time investor and yes, maybe old enough to your uncle.

Posted by excelyou > 2012-11-19 14:13 | Report Abuse

Second jack rig plan to announce by end of 2012.

Posted by excelyou > 2012-11-19 15:14 | Report Abuse

Accumulate the stock aggressively ahead of the release of 3Q results. Perisai offers the most attractive share price upside and the cheapest FY12-14, P/Es of 8-10x in oil & gas portfolio. Its very robust three-year EPS CAGR of 113.5% is the highest in
the sector at more than 5x the sector average of 20.7%.

Posted by excelyou > 2012-11-19 15:18 | Report Abuse

3Q results preview by CIMB

Perisai is likely to post a net profit of RM23m-26m, equivalent to 155-189% yoy growth. On our estimates, Perisai is set for a record year. Much of the growth is expected to have come from wholly-owned Garuda’s mobile offshore production unit (MOPU). The growth will also reflect higher contributions from the wholly-owned pipelay barge Enterprise 3 and 51%-owned Intan Offshore, which owns eight vessels. FY12 will mark the first full-year contributions from Intan and Garuda, which were acquired in Aug 2011 and Jan 2012, respectively.

Posted by excelyou > 2012-11-19 15:50 | Report Abuse

We refer to our announcement of 8th May 2012 on the construction of a Pacific Class 400 Jack-Up Drilling Rig (“Jack-Up Drilling Rig”).
Perisai Petroleum Teknologi Bhd (“Perisai”) is pleased to inform of the appointment of KCA DEUTAG as the drilling operations and maintenance contractor of the Jack-Up Drilling Rig.

Perisai’s wholly-owned subsidiary, Perisai Drilling Sdn Bhd, today entered into a Master Services Agreement with Global Tender Barges Drilling Sdn Bhd (“GTB”), a company within the KCA DEUTAG Group. The agreement appoints GTB as the drilling operations and maintenance contractor for the Jack-Up Drilling Rig which is slated for completion and delivery in July 2014.

KCA DEUTAG is one of the world’s leading drilling and engineering contractors. It operates more than 100 drilling rigs in over 22 countries employing 8,000 people in Africa, Europe, Russia, Middle East, the Caspian Sea and South East Asia. KCA DEUTAG owns a fleet of more than 60 land rigs, 3 jack-ups and 3 self-erect tender barges and is also the largest global platform drilling company with more than 35 contracts. Recently, KCA DEUTAG has been awarded significant offshore and onshore contracts. Particular highlights include multimillion dollar agreements in Europe and Africa as well as entry in the dynamic Iraqi and Brazilian oil and gas markets.


This announcement is dated 16 November 2012

Posted by excelyou > 2012-11-19 15:50 | Report Abuse

HK fund managers completed 3rd batch of share buying.

Posted by Wong Yi Shen > 2012-11-19 15:54 | Report Abuse

good luck to those who are still holding..

Posted by excelyou > 2012-11-19 15:55 | Report Abuse

NEW TARGET PRICE: NOT INCLUDED THE CONFIRMED FPSO YET.
Date CP TP Change %
19/11/2012 1.12 1.48 +0.36 (32.14%) BUY KENANGA
19/11/2012 1.12 1.57 +0.45 (40.18%) BUY CIMB

Posted by bursabulltrader > 2012-11-19 16:18 | Report Abuse

PERISAI...I will leave you for a while... pls don be emotion with me.... I will come back for you again.. :)

Posted by usry > 2012-11-19 17:02 | Report Abuse

Just sold mine at RM1.12 this afternoon with small 'token' gain.. Dapat la 'Yam Cha' besok pagi..
will monitor and buy back later..

Posted by twobits > 2012-11-19 20:25 | Report Abuse

isupertrader: which indicators u rely on mostly? On the day u comment the price will spike, the 6 indicators u referring are??

Posted by brave82 > 2012-11-20 09:50 | Report Abuse

Good start

Posted by reyes430 > 2012-11-20 10:03 | Report Abuse

Last Friday with high volume spike, expecting there is some volume sell down on Thursday (force selling?) so its better to take profit first on wed with the release of 3Q result? Anyone minds to advise please. Thanks

Posted by tcleng > 2012-11-20 10:41 | Report Abuse

DON'T WORRY, If you think this is a good counter then keep some for next high 1.20

Posted by minitrader > 2012-11-20 10:43 | Report Abuse

Some financial stats on Perisai for u guys. Picked from CIMB.

CIMB
Financial Summary
Dec-10A Dec-11A Dec-12F Dec-13F Dec-14F
Revenue (RMm) 75.2 82.4 249.5 274.3 279.5
Operating EBITDA (RMm) 36.6 65.3 131.9 161.6 165.9
Net Profit (RMm) 10.3 21.3 90.4 97.8 102.2
Core EPS (RM) 0.02 0.04 0.11 0.12 0.12
Core EPS Growth (69%) 163% 168% 5% 2%
FD Core P/E (x)@RM1.05 67.72 23.19 9.59 9.09 8.91
DPS (RM) - - - - -
Dividend Yield 0% 0% 0% 0% 0%
EV/EBITDA (x) 23.07 17.39 11.42 9.32 9.21
P/FCFE (x) 118.1 9.7 1.7 8.4 6.6
Net Gearing 71% 58% 166% 133% 114%
P/BV (x) 2.98 2.69 2.33 1.85 1.54
Recurring ROE 4.3% 12.1% 26.0% 22.7% 18.9%
% Change In Core EPS Estimates 0.00% 0.30% 0.58%


What You Should Do
Accumulate the stock aggressively.
Perisai offers the most attractive
share price upside and the cheapest
FY12-14 P/Es of 8-10x in our oil &
gas portfolio. Its very robust threeyear
EPS CAGR of 113.5% is the
highest in the sector at more than 5x
the sector average of 20.7%.
Source - CIMB

Posted by minitrader > 2012-11-20 10:45 | Report Abuse

Obviously a good stock to invest. The fundamentals speak for itself...

Posted by chunyue8220 > 2012-11-20 11:12 | Report Abuse

Break thru 1.14

Posted by minitrader > 2012-11-20 11:27 | Report Abuse

Perisai is running neck to neck with Perdana...here goes the O&G...

Posted by ronnie90 > 2012-11-20 11:37 | Report Abuse

Perisai is on a clear uptrend. Buy on dips at its nearest support and wait. I feel it has some way up to go ..... at least 1.30 by the end of the year.

Posted by minitrader > 2012-11-20 11:42 | Report Abuse

1.30?..fad lo...

Posted by isupertrader > 2012-11-20 11:54 | Report Abuse

hi twobits, i use more than 6 indicators to read my data btw. I recalled going to class and my "obiwan" taught us that while an apprentice starts with 4 indicators, Jedi Master must decipher more than 6 types of indicators. Few of my favs is RSI, Bolliger, Parabolic, ichimoku, ATR, and candlesticks.

Posted by isupertrader > 2012-11-20 11:55 | Report Abuse

Right now, I am "deciphering" NICORP shares.. ^_^

Posted by lmf_hau > 2012-11-20 11:55 | Report Abuse

Minitrader:
Perdana fly just bcos the Mother-Dayang declared +90% good performance 3Q12 resutls + 5c 2nd Interim Dividend.
Its nothing to related with Perisai.

Dayang was holding Perdana 19.09% share, means the Associate profit contributed from Perdana is fantastic.
Hence, Perdana next coming results is also good , thats y MM pushing Perdana too.

Now , Dayang +5c , 2.32 , Perdana +3.5c , 96.5c ... both I also hv

Posted by isupertrader > 2012-11-20 11:57 | Report Abuse

Oops, did I spill a hint?

Posted by excelyou > 2012-11-20 13:21 | Report Abuse

RATIONALE FOR CONSTRUCTION OF JACK UP RIG

This a transaction of a revenue nature in the ordinary course of business of the Company. The Jack-Up Drilling Rig is expected to facilitate Perisai’s entry into the offshore drilling segment specifically in Malaysia and broadly in the Asia Pacific region.

The Jack-Up Drilling Rig would also broaden Perisai’s asset offering to its clients and together with its other marine assets, expands its participation in the offshore oil and gas value chain by integrating key strategic assets within its stable capable of servicing the upstream exploration, development and production phases of offshore oil and gas field development.

The Jack-Up Drilling Rig is expected to be delivered by the end of July 2014.

Market talk was that Perisai might announce rig contracts very soon.

Posted by excelyou > 2012-11-20 13:40 | Report Abuse

October a boom month for O&G contracts

Oil and gas sector

Maintain positive: Year-to-date (YTD) more than RM8 billion worth of contracts have been awarded to locally listed oil and gas (O&G) players. In October, about RM363 million worth of new jobs were awarded, down by close to 50% month-on-month, to Bumi Armada Bhd, SapuraKencana Petroleum Bhd and Alam Maritim Resources Bhd.

With nine contracts awarded, October saw the highest number of contracts in one month for the year, a similar number to June’s. However, most contracts were for the charter of anchor handling tug supply vessels, and barges which are smallish in value.

The fourth quarter of calendar year 2012 (4QCY12) has kicked off on a positive note with a good number of contracts, albeit small in value. We are anticipating that many more contracts will be dished out until year-end, coupled with positive corporate exercises, which we are already seeing in early November from SapuraKencana.

The investment community’s dream of a floating production, storage and offloading (FPSO) job was not disappointed as Bumi Armada had secured an extension for its Armada Perkasa FPSO in Africa.

Contracts under the Pan Malaysia HUC (hook-up and commissioning) umbrella project, which were called for tender in July, are also being dished out. The umbrella project worth in the region of RM10 billion is made up of nine HUC contracts which will benefit many local HUC players. Key beneficiaries include Dayang Enterprise Holdings Bhd, SapuraKencana and Petra Energy Bhd.

SapuraKencana has won underwater servicing jobs worth RM700 million for a few of Petroliam Nasional Bhd’s (Petronas) O&G offshore assets. In addition, the North Malay Basin, which has seen a commitment of RM16.4 billion from Petronas and Hess Oil and Gas Sdn Bhd, is likely to see some awards being dished out.

Further north of that region is the Thai-Malaysia Joint Development Area, where we are already seeing contracts awarded. SapuraKencana recently won an engineering, procurement, construction and commissioning job for the Kamelia-A wellhead platform there.

Local exploration and production has also borne fruit, with Petronas and Sweden-based Lundin Oil striking oil off Pahang, the first strike in the state. Production is estimated to be around 20,000 barrels per day and production will likely begin in 3QCY14. The field is located in block PM307 of the Bertam field.

YTD, more than RM2 billion worth of contracts have been awarded by Petronas subsidiaries and more than RM6 billion worth of jobs by foreign-owned companies. For October, 92% of total contracts awarded were from private entities (non-Petronas sources).

We maintain our “positive” conviction on the local O&G sector, riding on the impending award of contracts to further spur the industry. With the support of Petronas’ capital expenditure commitment along with jobs in the global arena, we believe the local O&G players will likely see more action in the coming months.

— MIDF Research, Nov 12

Posted by Hong2 > 2012-11-20 15:18 | Report Abuse

Hopefully this week to RM1.20......

Posted by twobits > 2012-11-20 15:42 | Report Abuse

1st: do u count Elliot?

Posted by bursabulltrader > 2012-11-20 16:13 | Report Abuse

twobits: 1,2,3,4,5...ready 123 soon... :)
Perisai, aren't moving much! Looks like news out will be go down... beware....

Posted by twobits > 2012-11-20 16:31 | Report Abuse

bursa: thats where i lost couting :>

Posted by minitrader > 2012-11-20 16:33 | Report Abuse

smile :)

Posted by excelyou > 2012-11-20 16:45 | Report Abuse

Many people selling at RM1.14 and RM1.15. After all this selling, next level likely to reach RM1.20

Posted by minitrader > 2012-11-20 16:48 | Report Abuse

yap..1.15 is the biggest hurdle at the moment...

Posted by minitrader > 2012-11-20 16:51 | Report Abuse

1.14..nice closing...

Posted by 390465 > 2012-11-20 16:56 | Report Abuse

tomorrow start at RM1.15

Posted by tcleng > 2012-11-20 16:57 | Report Abuse

I will buy if start 1.15

Posted by minitrader > 2012-11-20 16:58 | Report Abuse

...and runs to 1.20...

Posted by excelyou > 2012-11-20 17:07 | Report Abuse

Market Talk, Perisai intend to issue share to EOC for the Lewek Arunothai at RM1.60. Will they push it up?

Posted by bursabulltrader > 2012-11-20 17:13 | Report Abuse

twobits: now i think is 5th...so can go is 1.25...

Posted by Hong2 > 2012-11-20 17:17 | Report Abuse

Excelyou, thanks for sharing....
Wow, good closing....:)

Posted by Wong Yi Shen > 2012-11-20 18:42 | Report Abuse

hmmm...

Posted by minitrader > 2012-11-20 20:24 | Report Abuse

wow..fantastic...fad la ike this

Posted by bursabulltrader > 2012-11-20 20:47 | Report Abuse

If still can stay above 1.13... i will enter for target price 1.38/1.39!

Posted by twobits > 2012-11-20 21:07 | Report Abuse

T+3 Heavy Volume to digest tomorrow.

Posted by tcleng > 2012-11-20 21:10 | Report Abuse

Don't worry. It will go higher.

Posted by usry > 2012-11-20 22:03 | Report Abuse

will monitor it performance tomorrow..

Posted by littleshark > 2012-11-20 22:13 | Report Abuse

All gd news&high TP sets by fund manager will definitely push the price up!

Posted by rogerlim > 2012-11-20 22:13 | Report Abuse

the price still hovering at 1.11 - 1.15 so need to monitor closely because this stock's potential is high

Posted by brave82 > 2012-11-21 08:59 | Report Abuse

What time will the financial report out? By end of the day?