latest quarter result out. From last 4 quarter results, Alam is currently trading @PE 15 which is a significant improvement. Technically, it is expected to rebound from current price level. 1st rebound target 0.56.
Jjtrader, Alam is trading in a downtrend channel. I bought in @0.51 for rebound play. I am looking @ Fib Retracement level for my exit during this rebound. Technically, I wouldnt consider mid term unless the underlying trend has changed.
maintain BUY on Alam Maritim Resources (Alam), with an unchanged fair value of RM0.85/share, pegged to an unchanged FY12F PE of 12x ' at a 25% discount to the oil & gas sector's 16x.
We expect a stronger 2H12 on the back of improving contracts replenishment flows and a sustainable healthy vessels utilisation rate of 80%. Also, ALAM is aggressively bidding for more long-term contracts.
Valuation Maintaining our TP of RM1.14 based on 10x Fwd PER (-0.5SD) on our FY13E EPS estimate of 11.4 sen.
with the RM 100 million to $ 5.6 million contract awarded by ExxonMobil, the environment, maritime resources (ALAM, 5115, Main Board of Trade and service group) holding 51 percent of the company of $ 3 to $ 1.55 million ( about 9,000 to 4.65 million euros) to acquire a work boat. Analysis Ship acquisition plan to the environment, maritime resources to extend the offshore business plan, access to analysts optimistic. The Kenna Ge said that the loan financing for 80%, 20% of the stock, a stake, the company should set aside RM10 million, mainly internal funds. Ken Nage optimistic about the company's prospects, expected in the next few months will receive a new contract of 190 million ringgit, to drive the business performance of the second half of 2012 fiscal year. Full year, orders for the company is expected to reach 440 million ringgit. As has long been incorporated into the ExxonMobil contract, Kenna Ge maintain 2012 to 2014 financial year 6,000 2100000-9 $ 4.9 million ringgit profit forecast. The rating and target price "outperform" and one ringgit 14 cents
Alam may rebound after holding above the RM0.50 support level . However, its upside bias can only be confirmed if the stock closes above the 3-day high of RM0.53, and a purchase can be made if this happens. The stop-loss is a close back below RM0.50 while the price target is the gap of 15 May at RM0.64, provided that it violates the recent high of RM0.56. A close back below RM0.50 should see the downtrend continue, with supports at RM0.43 and RM0.37.
(Alam, 5115, Main Board of Trade and service sector) to the Malaysian Exchange report, the subsidiary have been Korea, Malaysia Samsung gross value of construction amounted to $ 18 million (about 52 million ringgit) supply contracts . World Maritime, a subsidiary of Alam, the Maritim Malaysia Samsung Electronics has received requisitions will be responsible for the supply of Malaysian Samsung Electronics engineering services, supply materials engineering. The above works take effect immediately, supply date is expected in the first quarter of the fiscal year ended December 31, 2012.
Marcus Beh,Based on good further financial performance & positive technical breakout, Alam could be a good stock for with its future prospect is brightening.The rating and target price "outperform" and RM1.14
Alam Maritim Resources Bhd expects a double-digit growth this year on the back of existing orderbook for offshore support vessel (OSV) services and potential expansion into offshore installation and construction segment.
Chairman Datuk Ahmad Sufian said OSV's orderbook now stands at RM700 million, which in average the contract would last for three years, and a long- term charter contract for two vessels that would last 14 years.
"We feel the company has turnaround and the trend will be that way in this current financial year," he told reporters after the company's annual general meeting today.
The company's pre-tax profit for the financial year ended Dec 31, 2011 rose to RM14.08 million from RM18.11 million pre-tax loss in 2010.
Its revenue rose to RM308.12 million last year from RM242.19 million in the previous year.
"We managed to return to the black due to higher average utilisation rate and daily charter rate from our main business segment, the OSV," said Managing Director and Chief Executive Officer Azmi Ahmad.
Why there is so much talk about this company from the management and analysis but the stock price keep dropping ??????????????? I has been buying from 0.90 and average down to 0.52 !!!!!!!!! Very confuse and disappointed .... I hope Bro Chong or Bro kcfan can help me to understand this counter better........
The business takes time to operate, will it be possible to make money hand. You have to give time for the company's management to make money for you.
Business step by step to go in order to create wealth.
Wealth creation can not be achieved steady is better than a one-off windfall.
(2) buy the stock to be close to follow up the progress of the company's performance, if the company can not achieve expected profitability, without sufficient and reasonable grounds, it should be immediately Divestment - sell the stock.
③ All investment decisions should be made based on the fundamentals.
Must have facts and figures support the fundamentals, not illusions, but not biased.
Remember, money is a very personal thing, and others difficult to make decisions for you.Just my opinion of future investment..Cheer.
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....
khusairie
1 posts
Posted by khusairie > 2011-06-02 16:39 | Report Abuse
any latest news bring its to explode??