Posted by ahhmadd76 > 2012-08-02 13:01 | Report Abuse

Persiai advances to highest since mid-July



KUALA LUMPUR: Shares of Perisai Petroleum Bhd advanced to 92.5 sen on Thursday, the highest since July 19 as interest in the small oil and gas (O&G) player perked up.

At 11.14am, it was up three sen to 92 sen. There were 13.81 million shares transacted at prices ranging from 91 sen to 92.5 sen. Perisai's highest was 98.5 sen on Feb 17.

The FBM KLCI fell 0.04 of a point to 1,632.43. Turnover was 460.87 million shares valued at RM356.35mil. There were 209 gainers, 326 losers and 279 counters unchanged.

CIMB Equities Research has an Outperform recommendation on Perisai with a target price of RM1.53.

"We continue to value the stock at our CY13 target market price-to-earnings (P/E) of 13.3 times. Perisai remains an Outperform and our top small-cap oil & gas pick. A potential record 2Q performance and fleet expansion support our recommendation," it said.

The research house said Perisai's mobile offshore production unit (MOPU), which was servicing a 2+1+1 contract at Petronas's Bekok-C field, was the main talking point during its recent meeting with the managing director Izzet Ishak.

CIMB Research said the field's damaged platform, which the MOPU is temporarily replacing after a fire in 2010, will be refurbished and reinstalled, but the impact on Perisai, if any, is likely to be felt only in 4Q14.

"Separately, management is negotiating with Emas Offshore on contract renewals for five vessels and is confident of continued charters. Also, Izzet has emerged as the company's fourth-largest shareholder with a 7.8% stake," it said.

Posted by ST > 2012-08-02 14:28 | Report Abuse

TP??

Posted by bell > 2012-08-02 15:21 | Report Abuse

Always tend to fall after up...up 1 day fell few days...sigh...

Posted by Wong Yi Shen > 2012-08-02 15:47 | Report Abuse

how come only up 2 plus % after good analysis from CIMB....has all the hype been priced in? sigh... feels like SM distribution...

Posted by Chuchu > 2012-08-02 15:52 | Report Abuse

I will not be surprised if Perisai invited CIMB analyst to give them good projection in order to push the price up. In this way all their cronies would be able to sell and then the price will drop soon after that.

Posted by bryan_su > 2012-08-02 15:52 | Report Abuse

CIMB TP 1.53....

Posted by quyen850906 > 2012-08-02 18:53 | Report Abuse

classic buy

Posted by Calvin Wong > 2012-08-02 21:52 | Report Abuse

wow...perisai a steady stock...good to know good stocks still around :)

Posted by jackie28 > 2012-08-03 11:33 | Report Abuse

wow... very laosai counter - up 1 day, down many days! just like fireworks!

Posted by Mat Cendana > 2012-08-03 15:06 | Report Abuse

It's a fundamentally good company. But it has a huge problem is going up past 0.93 because speculators would take profit at this price. The drop is a good opportunity to buy - around 0.88 would be reasonable... and sell at 0.91. Yeah, just 3 sen but when you keep repeating it a few times, the profits add up:-)

Posted by ST > 2012-08-03 17:07 | Report Abuse

i believe it will break RM1.00

Posted by kong73 > 2012-08-03 17:16 | Report Abuse

i believe...buy it to believe it...perisai is bulletproof..fireaway,fireaway

Posted by ST > 2012-08-06 16:32 | Report Abuse

bought already....and it show consistent and steady!!!

Posted by deltacorp > 2012-08-07 21:16 | Report Abuse

mat cendana - reached 0.93 . volume picking up and trash this level

Posted by ahhmadd76 > 2012-08-08 13:06 | Report Abuse

his company will be announcing their earnings in the next 2 weeks.

VOLUME wise more and more instituitional investors accumulating PERISAI after analysts start covering this stock last week.

Yesterdays the share managed to tick up to 93sen crashing out all sellers at 92.5sen. No doubt 93-95sen will be plenty of sellers I believe net buyers will be taking positions soon as the earnings draw nearer.

Not only investors anticipating earnings I believe more contracts renewal will be in place this coming months making this stock very active in the market.

Take position now and keep in for a few more weeks.

Happy investing!

Posted by 1621 > 2012-08-09 15:09 | Report Abuse

Hope so!,, had waiting for to long. Wanted to gain some.

Posted by ST > 2012-08-10 14:29 | Report Abuse

that seems promising.....i am all in for this...hoping for big $$$

Posted by jayrc23 > 2012-08-10 14:39 | Report Abuse

ahhmadd76, good info and thanks for sharing.

Posted by kong73 > 2012-08-10 18:25 | Report Abuse

this stock will soar..wish i have 100k to get on the oil and gas gravy train..bumi armada,dialog,skpetro,muhibbah,yinson...go..go..go

Posted by jamil > 2012-08-13 15:01 | Report Abuse

perisai nak belayar dah !!!! now up 0.94...buy...buy

Posted by ahhmadd76 > 2012-08-13 15:03 | Report Abuse

cantik!!!! lama dah tunggu ni....harap2 besok boleh pecah RM1.00....

Posted by ST > 2012-08-13 15:11 | Report Abuse

this week will break 1.00...this is what we are looking at...steady increase everyday.....believe highly on this...

Posted by Wong Yi Shen > 2012-08-13 16:45 | Report Abuse

looks like good volume and finally break through 0.93.

Posted by jackie28 > 2012-08-13 17:15 | Report Abuse

haha, perisai needs more oil & gas & (khabar)angin to belayar!!!

Posted by Najib Zamry > 2012-08-13 20:33 | Report Abuse

Perusal will announce result 15/8 wednesday. Heard that the result q2 vs last year q2 increase more than 50%

Posted by usry > 2012-08-13 20:57 | Report Abuse

If what u tell is true than we can see this share price move north on Thursday. will monitor it tomorrow b4 react.

Posted by iraymond > 2012-08-14 09:42 | Report Abuse

Bro Najib: Oh no! >50% is not good enough! Explosive earning is the excitement everyone is waiting for to bring down the 30+ PE!

Posted by winwin > 2012-08-14 09:56 | Report Abuse

any dividend if profit up?

Posted by ahhmadd76 > 2012-08-14 10:06 | Report Abuse

0.955 sekarang!! will break 1.00....tunggu khamis...

Posted by hema > 2012-08-14 10:09 | Report Abuse

Waiting..waiting...with fingers crossed ;)

Posted by Najib Zamry > 2012-08-14 10:15 | Report Abuse

Raymond, by tommorrow we shall know this company fare. Btw, they come to HK for roadshow last week. Met up with the management.

Posted by mikayla > 2012-08-14 12:05 | Report Abuse

ahhmadd, hope what you post will come through. i am also waiting for it to break through 1.00.

Posted by user > 2012-08-14 12:49 | Report Abuse

Today will break 0.96......

Posted by deltacorp > 2012-08-14 13:12 | Report Abuse

prefer it to rise slowly than up 10 sen in 1 day.

Posted by ahhmadd76 > 2012-08-14 16:55 | Report Abuse

maybe perisai akan meningkat seperti ALAM.

Posted by yourpal > 2012-08-15 08:17 | Report Abuse

najib, what is it about tomorrow?

Posted by Najib Zamry > 2012-08-15 09:00 | Report Abuse

http://research.maybank-ib.com/pdf/document/Perisai_CU_20120815_MIB_1863.pdf

Read this from Maybank. As mentioned before, I met them during road show last week.

Posted by casual_investor > 2012-08-15 09:08 | Report Abuse

Strong resistance @ 0.97.... trade cautiously..

Posted by ahhmadd76 > 2012-08-15 10:51 | Report Abuse

aiya... ini kaunter bikkin kepala pening......

Posted by Najib Zamry > 2012-08-15 13:48 | Report Abuse

Perisai result just out....

For the financial period ended 30 June 2012, the Group generated total revenue of RM94.43million, an increase of RM60.37million as compared to RM34.06million in the corresponding period ended 30 June 2011.

The profit before tax for the current period amounted RM52.46million which represents an increase of RM37.05million as compared to RM15.41million in the corresponding period ended 30 June 2011.

For the financial quarter ended 30 June 2012, the Group generated total revenue of RM47.92million, an increase of RM31.01million as compared to RM16.91million in the corresponding quarter ended 30 June 2011.

The profit before tax for the current quarter amounted RM26.27million which represents an increase of RM18.1million as compared to RM8.17million in the corresponding quarter ended 30 June 2011.

The increase in revenue and the profit before tax for both current financial quarter and period ended 30 June 2012 was mainly due to the revenue and profit contributions from:

i. The Mobile Offshore Production Unit (“MOPU”) under Garuda Energy (L) Inc a wholly-owned subsidiary of Perisai; and

ii. The offshore support vessels under the Intan Group which is a 51 % owned subsidiary of Perisai.

Posted by jtpc2006 > 2012-08-15 13:55 | Report Abuse

fantastic results! 340% increase profit before tax for the current period, 280% increase for the current quarter.
bro NajobZ, correct me if I miscalculated? thanks.

Posted by user > 2012-08-15 14:06 | Report Abuse

Sui sui liao.........

Posted by jtpc2006 > 2012-08-15 14:13 | Report Abuse

user, why, you missed out to buy?

Posted by Lee Passat > 2012-08-15 14:15 | Report Abuse

Chun! Ride and wait for new high

Posted by ngohieng > 2012-08-15 14:16 | Report Abuse

hopefully will go up further

Posted by fzank > 2012-08-15 14:19 | Report Abuse

PE-RI-SAI = LAO-SAI

Posted by fandi > 2012-08-15 14:27 | Report Abuse

Great result and definetly a growth stock with oil price at 93 now.

Posted by fzank > 2012-08-15 14:32 | Report Abuse

THANK YOU FOR THE SUPPORT, OCBC WAITING TO SELL AT HIGHER PRICE

Posted by fandi > 2012-08-15 14:33 | Report Abuse

Yes Franzk. I am the big buyer from OCBC. $$$$$$$$$

Posted by fzank > 2012-08-15 14:38 | Report Abuse

OCBC WORKING HARD