dtheone, for perisai... i hav to accumulate not selling at all unless it reaches the previous peak level. i knw it's tempted to sell partially with current spike in its price but if u are managing a fund that's different story.
just look at transactions at 1.55, most who would like to sell already sold and buying power still increases tht kept us at this price, and thr's more to start with.
Perisai's FPSO vessel, Perisai Kamelia, has hit first gas at the Kamelia field in the North Malay Basin. This marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to operator. We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.
We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.
What Happened Perisai announced that Perisai Kamelia, its floating production, storage and offloading (FPSO) vessel deployed at the Kamelia field, has completed start-up and commissioning, and that the vessel's charter commenced last month. The vessel is providing support to US-based Hess's early production activities under a 3+3-year contract, which has a value of US$272m for the primary charter. There is potential for another US$271m if the contract is fully extended.
What We Think We are encouraged by the charter commencement after a delay since late Jul. The start of gas production at Kamelia marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to an operator. Early contributions from the vessel will be reflected in 4Q13 results, reducing the earnings vacuum caused by two idle assets, namely the mobile offshore production unit, Rubicone, and pipelay barge, Enterprise 3. Management is scouting for contracts for these two assets, which completed their respective projects in Sep 2013. We expect the vessel to be Perisai's biggest net profit contributor in FY14, making up 40% of its bottom line (Figure 1).
What You Should Do Accumulate the stock. Perisai's prospects are attractive following its entry into the FPSO and drilling segments. The company will be rolling out its first jack-up, Perisai Pacific 101, in Jun 2014, followed by a second one in 2Q15. FY14-15 could be record years due to contributions from the FPSO vessel and jack-ups.
Source: CIMB Daybreak - 12 December 2013, Full PDF Report
Kepada Jack Knight, DtheOne dan sesiapa di forum ni yang boleh menberi lebih keyakinan kepada bakal pelabur pelabur PERISAI.
Perisai pemilik FPSO Kamelia, betul kah? Perisai takda kemahiran beroperasi FPSO Kamelia sendiri, betul kah? Perisai bayar dan bergantung kepada syarikat lain yg ada kemahiran beroperasi kan FPSO Kamelia ni, betul kah? KAMELIA ia lah GAS FIELD, Betul kah? Beroperasi GAS FIELD ni ada Risiko tinggi, Betul kah?
Nak tinjau apa kah risiko risiko Perisai dalam keadaan ni? Patut kah Perisai berhak mempunyai PE 15.8 tu?
Risiko pertama: Perisai pinjam banyak banyak wang nak memiliki FPSO ni, betul kah? Apa kah DEBT EQUITY RATIO Perisai sekarang? Perisa ada POSITIVE CASHFLOW setakat ni? FPSO Kamelia ia lah FPSO PERTAMA yang di miliki oleh Perisai, betul kah?
Risiko kedua: Perisai dah berhutang besar, apa kah faedah interest rate pinjaman tu?
Risiko ketiga: Kontrak Perisai dengan HESS ni ada lah FIXED FEE Kontract , atau KONTRAK TERHAD betul kah? Sila terangkan kalau tak tepat. Ada kontrak Variation clause kalau dalam masa depan kos kos melangit? Ini lah FPSO PERTAMA Perisai , betul kah?
Risiko keempat: Apa akan terjadi kepada BOTTOM LINE Perisai bila faedah interest rate hutang tu naik? kamu semua pelabur pelabur Perisai percaya kaedah interest rate tak boleh naik dalam masa panjang 3 tahun ni? Ada kah anggapan interest rate tak naik dalam masa panjang 3 tahun depan realistik?
Risiko Kelima: Apa kah pengalaman Pengurusan Perisai ? Ada kah mereka ada berpengalaman CANGGIH dan MENDALAM menguruskan perniagaan FPSO? Kalau ada perkara perkara yang tak di imbangkan atau tak di-harapi berlaku ia itu kecemasan yg perlu perhatian dan keputusan mereka boleh ke mereka buat keputusan yang bijaksana , kos efisien dan tepat?
Risiko keenam:Kalau kontraktor yang beroperasi FPSO ini tak mepunyai kemahiran yang mencukupi, apa akan terjadi kepada kos Perisai? Kos beroperasi FPSO akan melangit betul kah? Apa akan terjadi kepada BOTTOM LINE Perisai jika keadaan ini berlaku? Kalau kontraktor nak mogok, nak upahan yang lebih tinggi apa akan terjadi?
Risiko ketujuh: Apa kah kemahiran kontraktor FPSO ini dari segi Kesihatan, keselamatan dan Persekitaran (HSE). Ada kah pekerja pekerja dan pengurusan di FPSO ni cukup kemahiran dari segi HSE?
Risiko Kelapan: Kamelia field ia lah GAS FIELD bukan? Risiko beroperasi GAS FIELD ni lebih Tinggi berbanding dengan OILFIELD bukan? Apa akan terjadi apabila kemahiran HSE tak mencukupi beroperasi GAS FIELD ni. Apa akan berlaku perkara yang tak di-idamkan berlaku ia itu kebakaran berlaku atau peletupan berlaku di FPSO ni? Ada kah alat alat mencukupi nak mencegah kebakaran atau peletupan di FPSO? Ada kah pekerja2 dan pengurusan FPSO baru ni mempunyai pengalaman HSE yang mencukupi? Pernah kah Audit HSE di FPSO Kamelia ni di lakukan? Bila Audit HSE di FPSO Kamelia yang PERTAMA ni berlaku?
Agak nya PERISAI ada RISIKO amat TINGGI. Oleh itu PE 15.8 ni mungkin tak sesuai dengan RISIKO Tinggi ni. Mungkin PE lebih rendah lebih sesuai dengan risiko yang tinggi ini. Erti nya ada kemungkinan harga penamat Perisai @ RM 1.53 petang ni tak sesuai dengan risiko Tinngi yang di-jelaskan di atas.
Sila berdebat dengan secara ikhlas dan profesional kalau tak bersetuju dengan penjelasan yang terkandung di atas.
Tanker, U takut berdebat dengan secara ikhlas dan profesional ke? Apa nak takut kalau u ada keyakinan besar melabur dalam saham Perisai ni? U dah melabur dalam saham Perisai atau tidak? TP Perisai ni agak nya amat Tinggi, apa nak takut? Kalau nak play play u ada safety margin yang amat BESAR Melainkan U tak percayai terhadap TP Investmment CIMB Report tu ja? Tak percaya Investment Report tu tetapi cuma nak play play sja ke? oh oh dah faham, cuma play play sja, tak percaya kandungan kandungan TP report CIMB tu sja.
Perisai Petroleum Teknologi (PPT MK) Technical BUY with +13.3% potential return Last price : RM1.50 Resistance : RM1.70 Support : RM1.43 Stop-loss: RM1.41 BUY with a target price of RM1.70 with a stop-loss placed below RM1.41. PPT’s share price has gradually recovered from the low of RM1.22 after retracing from the high of RM1.70 on 19 Jul 13. The share price has breakout above the “cloud” on 14 Nov 13, before picking up more momentum as PPT managed to close above 50.0% FR level of RM1.46. Despite falling short of the previous high of RM1.52, the share price has recorded a higher trading volume of 13.4m shares (vs. 20-day average of 2.5m) yesterday, thus indicating a growing buying interest. Given the bullish crossover in the Stochastics, we expect the positive momentum would drive the share price higher into retesting the previous high of RM1.70 in the near-term.
UOB KAY HIAN TODAY REPORT ON PERISAI--- dated 12/12/13
investor are not dumbass.. :) we know what is happening around the invested stock and and research before making any decisions. it will rise high if u know TA and fundamental plus sensitive to news. just look at the high volume
Latest Price Target by Research House RM2.51 (Stock Rating: ADD)
Perisai's FPSO vessel, Perisai Kamelia, has hit first gas at the Kamelia field in the North Malay Basin. This marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to operator. We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.
We continue to value the stock at 15.8x CY15 P/E, a 30% discount to the P/E valuations of oil & gas big caps. We continue to recommend an Add and the stock remains our top pick among the oil & gas small caps. Successful FPSO and drilling ventures are potential re-rating catalysts.
What Happened Perisai announced that Perisai Kamelia, its floating production, storage and offloading (FPSO) vessel deployed at the Kamelia field, has completed start-up and commissioning, and that the vessel's charter commenced last month. The vessel is providing support to US-based Hess's early production activities under a 3+3-year contract, which has a value of US$272m for the primary charter. There is potential for another US$271m if the contract is fully extended.
What We Think We are encouraged by the charter commencement after a delay since late Jul. The start of gas production at Kamelia marks the company's entry into the FPSO segment and its transformation from a bareboat charterer to an operator. Early contributions from the vessel will be reflected in 4Q13 results, reducing the earnings vacuum caused by two idle assets, namely the mobile offshore production unit, Rubicone, and pipelay barge, Enterprise 3. Management is scouting for contracts for these two assets, which completed their respective projects in Sep 2013. We expect the vessel to be Perisai's biggest net profit contributor in FY14, making up 40% of its bottom line (Figure 1).
What You Should Do Accumulate the stock. Perisai's prospects are attractive following its entry into the FPSO and drilling segments. The company will be rolling out its first jack-up, Perisai Pacific 101, in Jun 2014, followed by a second one in 2Q15. FY14-15 could be record years due to contributions from the FPSO vessel and jack-ups.
Source: CIMB Daybreak - 12 December 2013, Full PDF Report
DtheOne, Semua pelabur dan bakal pelabur akan setujui seratus peratus percent dengan "Investor are not dumbass" Kalau Investor betul betul dumbass, tak perlu investor lagi, betul kah? Investor ia itu Pelabur saham ada lan CANGGIH dan mempunyai fikiran kritikal betul kah? Oleh itu Investor report tu perlu di-debatkan secukup cukup nya, betul kah? Forum ni ada lah tempat sesuai nak berdebat secara ikhlas dan profesional i ada cuma satu soalan kepada u ia itu
"Mengapa Perisai berhap PE 15.8 yang tinggi ni berbanding dengan risiko yg tinggi? Yang sesuai ia lah kalau risiko tinggi harga patut lebih rendah , betul ka?"
Terima Kasih dahulu atas penjelasan u terhadap soalan ni.
hi guys, i cant stop laughing tht this mitras guy is funny. first of all, does he not know how to type english lol? this mitras comes in to perisai discussion thread and talk all the way bad abt perisai to the floor and he opine tht perisai doesnt worth tht much. Don't knw what's his real intention.
perisai is doing fine, research houses also use a lot of efforts to conduct all the research studies and publish them and rating perisai to BUY. if u want me to debate with this mitras regarding perisai on FA/TA perspectives, it's just a waste of my precious time. just giv us a break from ur frustration of mayb u lose money in stock market or u didnt get to buy-in perisai at low price. no need to create chaos in this discussion thread, mitras.
tanker, i think it's better tht this mitras put his money into ASB fund and stop kacau here. from all his questions and debates, it seems tht he is indecisive. once in a while, there will be person like mitras who attempts to fight the stock market in the wrong direction.
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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....
Jack Knight
1,024 posts
Posted by Jack Knight > 2013-12-12 14:41 | Report Abuse
some ppl has red eye-sore mah... that's why barking. this is a free country, u are not socially obliged to certain group.