Daing A. Malek said going forward, it would actively be involved in the economic activities in Iskandar Malaysia and the Pengerang Integrated Petrochemical Complex in Kota Tinggi.
The shareholders of Seaview are Daing A. Malek, Abdul Aziz and Daing Abdul Rahim.
The Pengerang Integrated Complex (PIC) is one big step in creating value to the downstream oil and gas value chain in Johor. Sited in Pengerang, the project will house oil refineries, naphtha crackers, petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.
In PIC, oil refining facilities will add value to imported crude oil via the Pengerang Independent Deepwater Petroleum Terminal (PIDPT) that is undertaken by a joint-venture between DIALOG Group of Malaysia, Royal Vopak of Netherlands and Johor State Secretary Incorporated (SSI) for an estimated cost of RM 5 billion. Construction of Phase 1 of the project should have been completed by Q1 2014 and Phase 2 of land reclamation is in progress. The total storage capacity available at PIDPT is planned for 5 million cubic metres by the year 2020.
The second mega-project within PIC is the just approved USD 16 billion Refinery and Petrochemical Integrated Development (RAPID) and USD 11 billion associated facilities by PETRONAS. The project is poised for its refinery start-up by early 2019. Developed within a 6,242-acre site, it will consist of a 300,000 barrels a day (bpd) refinery and petrochemical complex with a combined capacity of producing 7.7 mtpa of various grades of products including differentiated and specialty chemicals products such as synthetic rubbers and high grade polymers. In addition, the associated facilities shall include raw-water supply and power co-generation plants, and a LNG regasification terminal.
be careful esp penny stocks with exceedingly high pe , the price may retrace back more than 100% when things turn sour, just caution esp in the month of April to May !
in 2 years time.. they're going to be something big.. yes, 2 years.. in the pipeline. definitely their metro parking is small thing.. iskandar.. iskandar..? ? buy la wei
don't be sour grape, haha =) you who know owns johor? besides uemsunrise, who is the second owner of land in johor? go and do some research lar bro, i already asked you buy at 1.20 you don't listen haha, don't ask me the same question again at 1.40 ok
haih, angelina will ask me again 1.40 can buy or not, i will say rm2 this time haha, too bad 10b projects is little, 20b should be average, 50b is max haha
This counter won't u turn I guess. Cause everyone know who is the boss and he don't mind to distribute this small amount.Later or sooner he is the winner also.
funny, this is just UMA, not warnings, i know those guys already accumulated tonnes of shares, waiting for the projects to be pumped in, the fact that no warnings issued you guys know who is behind this, bursa dares to issue or not? "derhaka" man! lol
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I am still holding INSAS, SYMP, INARI, KNM for trading position