Cipapo, majority of the investors now are weak holder and contra player. they wont look for long term or even mid term.
perisai has a very good foundation and future. for those who sold cheap.will be regret later. who those who still keep, hold tight. soon you will be reward.
it is confirmed it will go back to its level 1.7 . this share now are selling at discount price. the price should be place around 1.7-2.0 without any major announcement.
compare with Perdana, Alam, Barakah, Icon , perisai has better or equivalent foundation.
Maybe good time but good days are still far far far far far away...tomorrow the poor Psai son called CA going to be eliminated...last day of breath...sigh
if you re in oil and gas field, then u will have confident on perisai. I guarantee after raya u will not see this price anymore. today is pay day, I plan to accumulate some again. good luck guys
next week no more this price...it will go up ...no heading back...today is last day to buy because ppl need duit raya...1st target 1.60...then 1.80...then 2.00 by Dec 2014...upup away...
Perisai's jack-up Perisai Pacific 101 (PP101) is set to start servicing its first contract next month, reversing the current earnings profile that is challenged by the idling of mobile offshore production unit Rubicone and pipelay barge Enterprise 3 (E3). Having learned from management today that the downtime of both assets is likely to extend until year-end, we now lower our FY14 EPS as we had expected the two assets to be put back to work in 2H14. We maintain our FY15-16 EPS and continue to value the stock at 16.4x CY15 P/E, a 30% discount to the oil & gas big caps. We maintain our Add recommendation, with the full deployment of the assets being the potential re-rating catalyst. What Happened We spoke to management today and learned that Rubicone and E3 are likely to remain unemployed until year-end. We had expected both assets to be contracted in 2H14 after completing their contracts in Sep 2013. What We Think It is a double blow for Perisai with Rubicone and E3 not working. Although we are disappointed with the extended downtime of the two assets, we draw some comfort from the commencement of PP101's contract next month, marking a new business and income stream for Perisai. PP101 should be able to help cushion the earnings weakness brought about by the idling of the two assets and contribute to the company's turnaround in 2H14. Launched last week, PP101 will be deployed to Petronas Carigali on a 3-year US$158m contract. The contract works out to a daily charter rate of US$144,292, which is in line with the market rate. Furthermore, the company's floating production storage and offloading (FPSO) vessel Perisai Kamelia which started production in Nov 2013 will contribute for the first full year this year. Nonetheless, we cut our FY14 EPS to reflect the absence of contributions from Rubicone and E3 for the whole year. What You Should Do Look beyond the anticipated soft FY14 performance caused by the downtime of Rubicone and E3. FY15 and FY16 are set to be substantially stronger years as we expect all the assets to be fully deployed. The second and third jack-ups are slated for delivery in mid-FY15 and mid-FY16, respectively. Perisai has yet to secure contracts for the two newbuilds.
The second and third jack-ups are slated for delivery in mid-FY15 and mid-FY16, respectively. Perisai has yet to secure contracts for the two newbuilds
Perisai second and third jack up rig already have mutual agreement with PETRONAS. the 1st rig jus left 28th July from Singapore PPL shipyard to terrengganu(Malaysia) for operation. the second rig are building now with fast speed which believe perisai want it to operate as soon as possible.
Sudah 1 tahun wooo itu TP for RM 2++.... Call for nothing....buang masa invest dalam ini counter... No movement... Property counter 1 hari boleh shoot up 20 sen - 30 sen no issue volume kaw kaw.... Ini Perisai 1 tahun mau nail 10 sen pun mau mampus... Tomorrow buy Pasdec lagi bagus...huhuhu
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....
cipapo
1,288 posts
Posted by cipapo > 2014-07-18 20:34 | Report Abuse
business expansion...very positive indeed