Posted by kcchongnz > 2012-11-22 10:10 | Report Abuse

reyes430, You should be right in the calculation of PE. Actually EV/EBIT is a more appropriate measure as Perisai has huge debt. But PE of 16 is it worthwhile to invest? It all depends on individual. I would definitely buy coca cola, nestle, GAB, Amway, etc with stable returns and good cash flows and healthy balance sheet even if PE is 20. But for Perisai, to me there is corporate governance issue as well as risk and efficiency issues. High debt-to-equity of 0.9; debt keeps on increasing; Low current ratio of 0.5; ROIC of only 8%. No thanks fo rme. Again, insiders may fry this share up sky high (with the help of many "hit horse fart" investment banks). so again don't let me stop you from making money.

Posted by reyes430 > 2012-11-22 10:23 | Report Abuse

Well i do think that those recommendation from IB is influential. From news,we know that Petronas is stating that in the next five year there will be CAPEX of 300billion if i m not mistaken. For me i am more into sector playing, as u can see where some of the O&G counters are soaring due to the contracts awarded and the positive growth on this sector(however bent oil is kinda volatile). As for why i choose perisai is due to its growing potential, which is so much uncertain yet. But the profit spike on this year due to the good earning from securing contract like OSV,pipe-laying barge and the MOPU makes me think that as long as the company is able to generate income they soon can pay off the debts. anywhere its merely my "fantasy thought" perhaps. To be true thanks so much for you to further enlightening. I do have a better picture when it comes to analyse a company. Thanks and appreciated!

Posted by reyes430 > 2012-11-22 10:25 | Report Abuse

However,qualitative issue like corporate governance is what i overlooked. Might need to review on this counter again. Thanks!

Posted by brave82 > 2012-11-22 10:53 | Report Abuse

oh...maybe is time to go out.....

Posted by ongtkong > 2012-11-22 10:55 | Report Abuse

don't panic - wk-on-wk still look ok

Posted by brave82 > 2012-11-22 11:05 | Report Abuse

http://biz.thestar.com.my/news/story.asp?file=/2012/11/22/business/20121122102304&sec=business

Posted by Wong Yi Shen > 2012-11-22 11:24 | Report Abuse

ongtkong: Contra players will...

Posted by minitrader > 2012-11-22 11:27 | Report Abuse

clearing off the heavy contra players on the 18m shares T+4...that's y there's some price weakness today...not to worry if u believe on the fundamentals of the company...

Posted by cwkhor > 2012-11-22 11:38 | Report Abuse

HLG is (too?) optimistic on the debt. "Finance costs increased 144% 1H YoY due to debt financing of the MOPU. However, due to the strong cash flow from the long term bareboat charter we expect net gearing to drop to 0.29x and cash increase to RM200m by 2014."

Posted by reyes430 > 2012-11-22 11:47 | Report Abuse

Hi cwkhor, has the earning prospect from the FPSO contracts been factored in to calculate the expecting net gearing?

Posted by minitrader > 2012-11-22 11:47 | Report Abuse

i think selling overdone...

Posted by minitrader > 2012-11-22 11:52 | Report Abuse

coming back...

Posted by ongtkong > 2012-11-22 11:53 | Report Abuse

Wong Yi Shen - u r right. but hope not many in this forum playing contra

Posted by limsk25 > 2012-11-22 11:57 | Report Abuse

TP of RM1.40 should be just right for all based on valuations of actual figures.

Posted by sheep > 2012-11-22 11:57 | Report Abuse

Contra players jumped in two ago...cashing out today till next week...

Posted by monreyes > 2012-11-22 12:40 | Report Abuse

Thanks Maybank for maintaining your Buy call...

Posted by excelyou > 2012-11-22 12:50 | Report Abuse

Perisai negotiations with EOC for a stake in Lewek Arunothai for Hess' North Malay basin charter should be finalised soon, prompting a potential upgrade to our IB soon.

Posted by cwkhor > 2012-11-22 13:08 | Report Abuse

reyes430, I don't know how HLG calculate the 2014 net gearing. I think it is too optimistic.
2012 net gearing estimate from other research houses: RHB 1.2, CIMB 1.14, Kenaga 1.1, Maybank 0.495, HLG 0.29
Net gearing is a concern to me.

Posted by brave82 > 2012-11-22 15:39 | Report Abuse

wow down 0.02 until now,

Posted by hyzam1212 > 2012-11-22 16:21 | Report Abuse

the same case of selling upon news

Posted by buybackma > 2012-11-22 16:30 | Report Abuse

price still hovering btw 1.12 - 1.14 don't know whether can jump or not hehe.. if still need clearance fr contra player will wait ...be patient ... if choose to be in the field buy by stages ..hemmm correct or not guys..

Posted by sheep > 2012-11-22 16:30 | Report Abuse

down trend again. 2morrow lagi down

Posted by rogerlim > 2012-11-22 16:31 | Report Abuse

undergoing correction now

Posted by minitrader > 2012-11-22 16:35 | Report Abuse

In stock mkt investment, we need holding power to survive some waiting game is required...when lots of people talking too much of a particular stock..that's the time to quit...look at Perdana, it rests and flies quietly and goes unnoticed...

Posted by minitrader > 2012-11-22 16:36 | Report Abuse

In stock mkt investment, we need holding power to survive... some waiting game is required...when lots of people talking too much of a particular stock..that's the time to quit...look at Perdana, it rests and flies quietly and goes unnoticed...

Posted by rogerlim > 2012-11-22 16:38 | Report Abuse

ya,i agree with your point minitrader.... sometime patient payoff very well...

Posted by buybackma > 2012-11-22 16:56 | Report Abuse

aiyookkk Perdana is chasing Perisai..come on Perisai one two step forward tomolo please..yezza correct minitrader we need holding power. But sometimes there are stocks that we hold for long term keep droping day by day till halve the price. In the end we have to cut loss also when bad news came out huhu..

Posted by minitrader > 2012-11-22 17:07 | Report Abuse

if stock movement reverses and wanna cut loss, give a stop loss and minimise your loss. If u are willing to lose 5%, then cut at this point...or any amount u r willing to swallow...Sometimes people get panicky and let the losses drift lower and lower until they lose our pants...then u c people running naked pissing all over...

Posted by minitrader > 2012-11-22 17:12 | Report Abuse

don't lose your pants lol...we are here to share and make...

Posted by minitrader > 2012-11-22 17:14 | Report Abuse

Posted by buybackma > Nov 22, 2012 04:56 PM | Report Abuse

aiyookkk Perdana is chasing Perisai..come on Perisai one two step forward tomolo please..yezza correct minitrader we need holding power. But sometimes there are stocks that we hold for long term keep droping day by day till halve the price. In the end we have to cut loss also when bad news came out huhu..


...u are right buybackma...we lose here and make in the other...diversification ma...

Posted by buybackma > 2012-11-22 17:48 | Report Abuse

thanks minitrader.. experience investor always came out with gd advise..

Posted by isupertrader > 2012-11-22 18:21 | Report Abuse

At a glance, trading volume past 2 days versus today indicates people are holding on to what believe could be of higher value. Though RSI has fallen below 70%, shares often falls until the next temporarily support at 1.10 -1.11 which might incur small spike before it trends further downwards. Purchasing shares at 1.16 to 1.18 might get stuck unless next temporarily (which I like to call it "ghost traders") raises it up.

Yesterday, I sense that RSI was dancing “gimme gimme” by ABBA on thin ice. Indeed it did. (But I really do hope it didn’t so I took down my post) I saw the chart saw today selling versus yesterday selling indicates that some speculators got burned today by cutting losses. Have these people sold all shares at one go? Probably not. Most often, speculators like to throw a portion and holds on the rest to further gauge next trading day.

Candlestick shows no piercing support as for now and that usually indicates price might continue to go down further. MACD patterns tell the same news. As for me, I will go on looking for “Doji Stars” :)

Posted by KC Loh > 2012-11-22 18:25 | Report Abuse

isupertrader is a gwailo on MM2H programme right? glad to have you onboard. Hopefully i learn from a TA expert here! just didnt know ABBA songs could be fitted into the charts! hehehehe

welcome bro! :)

Posted by isupertrader > 2012-11-22 18:35 | Report Abuse

KC Loh, yup MM2H is a good programme. I am looking into this now.

http://www.mercedes-benz.com.my/content/malaysia/mpc/mpc_malaysia_website/myng/home_mpc/passengercars/home/new_cars/Malaysia_My_Second_Home.html?csref=MB-MY-PC-2011_sem_google_Events-Initiatives_MYSecondHome_1x1

Posted by isupertrader > 2012-11-22 18:36 | Report Abuse

The SLS AMG looks kinda cool, right? :)

Posted by KC Loh > 2012-11-22 19:33 | Report Abuse

yeah, that's cool! merc guy too! :)

Posted by KC Loh > 2012-11-22 19:36 | Report Abuse

trust the Benz people to even think of the MM2H expats :)

when i first got the license to trade into this, it was f-all! getting better since i should say.

go for it isupertrader, don't lose the opportunity to get it without paying the silly excise and sales tax :)

Posted by bursabulltrader > 2012-11-22 20:09 | Report Abuse

isupertrader: bravo! great explanation. My 1st sense from MACD and stronger sense when hitting my MA..

KCLoh: Hope you can learn more from isupertrader explanation... cheers... :>

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

oh yeah, you finally followed this yeah bbt? paid off finally, coz of isupertrader? hehehe

yeah, i am observing. note that isupertrader has been spot-on on few occassions. maybe more can learn from him, especially those following TA ;)

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

Special grant with not tax? Thats good man... we all have to pay those more than 50% tax to gov or AP... :(

Posted by bursabulltrader > 2012-11-22 20:14 | Report Abuse

Perisai, for my view need to close the gap up which form on 16/nov. Still uptrend but do monitor 1.05/1.06. This will be critical for continual upside. Any breakdown than you know what to do.... :-p

Posted by KC Loh > 2012-11-22 20:18 | Report Abuse

your gap so big between 1.12-1.05, the reason being?

Posted by bursabulltrader > 2012-11-23 08:54 | Report Abuse

1.05/1.06 is the trendline formed starting Oct for current run up which is important for rally towards my target 1.38/1.39. If this broken, there is less hope for continuous uptrend (Will need to see the TA again when this happen).

Here is what I think for downside - If the trendline broken it will go down for next 2nd support level at 0.98/0.99. PERISAI will be trading in the band of 0.90 - 1.10 if 2nd support is weak. Hope I am right. When actual time comes, TA will tell the story again.... :)

Posted by hyzam1212 > 2012-11-23 09:50 | Report Abuse

I guess it peaks earlier b4 the actual stimulus as predicted by many...

Posted by hema > 2012-11-23 09:51 | Report Abuse

the TP looks so promising but i am confused why the drop in price today?

Posted by limsk25 > 2012-11-23 09:57 | Report Abuse

Pending news of their FPSO listing :) hold it guys n gals...

Posted by sheep > 2012-11-23 10:02 | Report Abuse

they usually sell on news...that's why it will drop to next support level.. hold or sell?

Posted by reyes430 > 2012-11-23 10:10 | Report Abuse

whats the current support level ?

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

hold on to the stock....it is to discourage contra players....it will rise again

Posted by Hong2 > 2012-11-23 10:12 | Report Abuse

Ys...I agreed! Is for shorterm and not for Contra player.e