Fund managers may be allocating their bets on O&G counters. Wait and see, we should see movements rapidly either today or coming days. Its typical for KLSE stock during the January season. KLSE already up 11 points.
Petronas already tendered development wells. If Perisai wins the work, stock will rocket quadruple. Let's see what contracts they will be awarded or extended. There is still light.
Most people will try to exit even at 0.005 sens. If u decide to hold the stock, u will be a minority shareholder in a private company which might be a bit challenging especially in terms of information transparency.
If not mistaken sumatec went to pn17 becoz of debt from Semua Shipping. Then sold Semua Shipping to Lien Hoe Corporation. Come out from PN17. But reenter PN17 when it was reveal the sale of Semua Shipping was never completed. The singapore company only paid the deposit and never paid the rest of the proceed. So sumatec is stuck back w the debt from Semua Shipping and now even worst because the ships are all worn out and value drop like crazy.
But for perisai they need to come up w a new regulation plan in 1 month. If u think they can, then u shud just sai lang all the stock people sell later on monday.. But if u think not possible then u shud be the one selling ur stock to those that think its still possible. This is binary trade. No middle ground.
Surprisingly the stock was up, perhaps insider knew there was hope for extension. Let’s see, there will be selling pressure from retailers, but hope it’s not as worse until extension filed.
I just wondering y perisai still offering so many jobs in their company website. Perhaps petronas will award some contract in near term but yet to finalise. Bcos the pp101 contract end on may 2019. Now only jan 2019.but perisai only got one money to appeal. Haha
Hold if u got steel ball. Sell if u unable to sleep. If perisai can get new contract ,price will go back to 10-15 sen. If cant get new contract,u need to face the concequences
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sheep
3,851 posts
Posted by sheep > 2019-01-07 11:09 | Report Abuse
waiting to sell.. cum cum cum