Posted by Stockman > 2014-05-09 11:46 | Report Abuse

Perisai is shielded up

Posted by Wong Yi Shen > 2014-05-09 12:33 | Report Abuse

Awesome

Posted by Wong Yi Shen > 2014-05-09 12:33 | Report Abuse

Next is MOPU

Posted by johnny cash > 2014-05-10 15:50 | Report Abuse

Perisai Petroleum (PPT MK)---uob kay hian report,,dated 09/05/14

Drilling Back Home For Three Years
Perisai Petroleum has secured a letter of award from Petronas Carigali on 24 April to
provide its first jack-up drilling rig, Perisai Pacific 101, for three years. This reaffirms
our investment thesis on Petronas’ asset localisation policy. To top it up, the 3-year
contract is certainly encouraging as it will provide Perisai with good earnings
visibility. Maintain BUY. Target price: RM2.00.
WHAT’S NEW
 3-year contract in the bag. Perisai has entered into a contract with Petronas Carigali
(PCSB) to charter its jack-up drilling rig, Perisai Pacific 101, for PCSB’s drilling operations
for three years. Perisai will leverage on Hercules Offshore’s expertise to operate and
maintain the jack-up drilling rig.
 Further strengthens Perisai’s earnings visibility. We are encouraged with the fact that
the contract is for three years long, lifting Perisai’s earnings visibility. We were
anticipating a 2-year contract at best, so the award came in above our expectation. While
no contract values were announced, we believe the charter rates should not be far off the
daily charter rates (DCR) of US$140,000-US$150,000/day given by PCSB in recent
contracts.
 Charter rates should not differ significantly from UMW Oil & Gas’ recent contract.
As a reference, we use UMW Oil & Gas’ recent jack-up drilling rig (Naga 4) contract,
which was chartered out to PCSB last year for three years. The contract was valued at
US$158m, translating into a DCR of US$145,000/day on average over the three years.
Based on our existing DCR assumption of US$150,000/day, we expect Perisai’s
operating profits to be boosted by RM36.8m in 2014 (6-month contribution).
STOCK IMPACT
 Asset localisation theme reaffirmed. We are encouraged by the contract as it
corroborates with our investment thesis on Petronas’ asset localisation policy to grow the
capabilities of local service providers. Perisai will be the second homegrown service
provider to embark on the drilling rig business.
 Upside to 2015 earnings possible. We estimate Perisai’s second jack-up rig could
enhance our 2015 net profit forecast by RM19m (assuming DCR of US$150,000/day for
six months). This would prompt further re-rating for the stock.

Posted by johnny cash > 2014-05-10 15:56 |

Post removed.Why?

Posted by johnny cash > 2014-05-10 15:57 | Report Abuse

BUY
(Maintained)
Share Price RM1.56
Target Price RM2.00
Upside +28.3%
COMPANY DESCRIPTION
Offshore oil & gas asset owner, who owns
offshore support vessels, a mobile offshore
production unit, a derrick pipelay barge, a
floating production, storage and offloading
vessel and three jack-up drilling rigs.
STOCK DATA
GICS sector Energy
Bloomberg ticker: PPT MK
Shares issued (m): 1,192.7
Market cap (RMm): 1,860.6
Market cap (US$m): 574.6
3-mth avg daily t'over (US$m): 1.4

Posted by johnny cash > 2014-05-10 15:58 | Report Abuse

Price Performance (%)
52-week high/low RM1.72/RM1.25
1mth 3mth 6mth 1yr YTD
(1.3) (8.2) 9.1 22.8 (1.9)
Major Shareholders %
Ezra 16.0
Mercury Pacific Marine 10.6
Izzet Ishak 7.8
FY14 NAV/Share (RM) 0.91
FY14 Net Debt/Share (RM) 0.55

Posted by johnny cash > 2014-05-10 15:59 | Report Abuse

SPECIFICATIONS FOR PERISAI’S JACK-UP
DRILLING RIG
- Pacific Class 400 jack-up drilling rig
- Constructed by PPL Shipyard in Singapore
- Has technologically advanced drilling capabilities
- Able to drill high pressure high temperature wells
- Able to drill as deep as 30,000 feet
- Able to operate in water depths up to 400 feet
- Able to accommodate 150 personnel on board
Source: UOB Kay Hian

Posted by johnny cash > 2014-05-10 16:00 | Report Abuse

THE ABOVE IS TAKEN FROM UOB KAY HIAN REPORT DATED 09/5/14

Posted by alivetoinvest > 2014-05-12 20:19 | Report Abuse

So many reports.....

Posted by CK CHAN > 2014-05-12 22:02 | Report Abuse

http://www.theedgemalaysia.com/business-news/289206-perisais-perisai-pacific-101-award-valued-at-rm512m.html

Posted by njue76 > 2014-05-15 19:04 | Report Abuse

rugi lagi...hmmmmm

Posted by necro > 2014-05-16 07:33 |

Post removed.Why?

Posted by jester > 2014-05-16 11:32 | Report Abuse

Yup.. Rugi lagi.. Will continue to make loss until MOPU being deployed and e3 sold I think..

Newbie here

Posted by Barbarian > 2014-05-18 22:28 | Report Abuse

Start to follow this stock

Posted by alvinng58 > 2014-05-29 14:32 | Report Abuse

I also just follow this share. Though of going in at this stage. Any suggestion from the floor? Tkx.

Posted by vx1023 > 2014-05-29 16:19 | Report Abuse

have been around this price for few days. not much difference

Posted by johnny cash > 2014-06-02 21:26 |

Post removed.Why?

Posted by johnny cash > 2014-06-02 21:26 | Report Abuse

KLCCSS to gain entry to FBMKLCI? Looking ahead, the upcoming mid-year index
review could see the addition of KLCC Stapled securities into the FBMKLCI, in place of
IOI Properties, which was included in mid-Jan 14 following its spin-off from IOI Corp.
However, notwithstanding the potential inclusion in the FBMKLCI, we reckon KLCCSS
lacks compelling catalysts, with its prospective dividend yield already at 5%.
• SapuraKencana and Perisai at risk of losing Syariah-compliant status. The updated
list of Syariah-compliant stocks, effective 30 May 14, saw the addition of 28 securities and
the exclusion of nine from the previous list. Notable additions this round were property
companies MRCB, Tropicana and SP Setia. However, going forward, Sapura Kencana is
likely to be excluded in the next review (in Nov 14) due to non-compliance with
conventional debt limits. Also on our ‘negative’ watch list is Perisai Petroleum.

Posted by johnny cash > 2014-06-02 21:27 |

Post removed.Why?

Posted by L. C. Chong > 2014-06-10 21:09 | Report Abuse

PERISAI analysis - http://lcchong.wordpress.com/2014/06/10/perisaifundamental-analysis-10-jun-2014/

Posted by Lucas Chan > 2014-06-11 15:00 | Report Abuse

wow!! its time to ready fly lor~

Posted by m_faiza1 > 2014-06-11 18:20 | Report Abuse

Bottom price already, all indicator Ready to shoot up

Posted by Lucas Chan > 2014-06-12 10:35 | Report Abuse

yup bottom price already, its time to accumulate and wait for rebound to tp2.0 its just need hold power and u will reward if u can hold tight.

Posted by Brahims > 2014-06-16 17:17 | Report Abuse

still got heavy sold today??? Came here to see see look look, wish this is another hit bottom stock :)

Posted by VLVL > 2014-06-20 11:19 | Report Abuse

I also think it is good time to enter perisai, perdana and alam.

Posted by chelvis7 > 2014-06-27 08:33 | Report Abuse

EPF is buying a lot......fuyo.

Posted by anchovy > 2014-06-30 10:36 | Report Abuse

Still hold at 1.62..huhu

Posted by yongyou > 2014-07-02 16:04 | Report Abuse

not moving

Posted by VLVL > 2014-07-04 10:18 | Report Abuse

haha. see alam perdana that I recommend all flies. now time for perisai

Posted by nridz > 2014-07-05 18:52 | Report Abuse

yes... perisai

Posted by yongyou > 2014-07-10 11:43 | Report Abuse

perisai everyday at this price

Posted by VLVL > 2014-07-11 16:41 | Report Abuse

what the hell on perisai

Posted by Tanker > 2014-07-11 16:52 | Report Abuse

lao sai stock

Posted by shting123 > 2014-07-11 22:48 | Report Abuse

Perisai is really Pensai Petrotech ... not really drilling black gold for investor but black poison money losing formula...really lao sai lor...shame

Posted by hsteoh56 > 2014-07-11 22:55 | Report Abuse

kanasai

Posted by shting123 > 2014-07-12 07:32 | Report Abuse

Name sound not nice...peri ok sai not ok...

Posted by melakaboyz > 2014-07-12 14:59 | Report Abuse

Look, EPF buy then sell. Whatla...

Posted by shting123 > 2014-07-14 12:11 | Report Abuse

Parit-sai today.

Posted by shting123 > 2014-07-14 17:33 | Report Abuse

Not too much of XSai-ment Today.

Posted by shting123 > 2014-07-16 12:46 | Report Abuse

Parit-sigh...

Posted by shting123 > 2014-07-16 20:39 | Report Abuse

No positive news...sigh again

Posted by KLEBOY > 2014-07-17 14:38 | Report Abuse

EPF will come in again when it at low price

Posted by leon7 > 2014-07-17 15:00 | Report Abuse

http://www.theedgemalaysia.com/business-news/299105-highlight-offshore-drilling-to-contribute-60-of-perisai-revenue-co-seen-in-the-black-in-2h.html

Posted by granto > 2014-07-15 10:04 | Report Abuse

Perisai Petroleum takes its first jack-up
http://www.seashipnews.com/News/Perisai-Petroleum-takes-its-first-jack-up/3w3c2423.html

Posted by cipapo > 2014-07-17 21:41 | Report Abuse

this is a hidden jewel....it will flyy like rocket tomolo

Posted by shting123 > 2014-07-17 22:29 | Report Abuse

Just pray the rocket won't become birit-sigh...

Posted by shting123 > 2014-07-17 22:36 | Report Abuse

TP upside looks wonderful but deceitful...tomolo analyst will comment again on TP another round of deception... if they're so sure about TP they shd enter market and push price to TP...don't just talk talk song song only.

Posted by VLVL > 2014-07-18 14:35 | Report Abuse

yeah. perisai will be back next week with all the news

Posted by cipapo > 2014-07-18 20:33 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2014/07/18/Perisai-Petroleum-issues-SD102m-debt-notes/