I believe people are over react to crude oil price fluctuation. Alam does not direct affect to crude oil price, more projects are secured, revenue 2x vs before, more contracts from big oil co. Petronas, ExxonMobil, etc.. Biz is intact with Pangerang & RAPID project on track. I predict this Q3'14 result within 0.03 cents. Let see!
Iretex will benefit from lower crude oil price. Congrats to those sold Alam @ RM 1.30+ and bought IRETEX-LA @ 5.5 sen (or 5.0 sen/4.5 sen if you lucky) or IRETEX @ 40 sen.
Just look at the huge volume done, the institutional investors that are collecting now coz the petty traders would not be able to buy and make such a huge volume. If the petty traders that are the one that sell but without the big boys buying, the volume would not be huge. Bullish reversal will soon happen. So, trade like and follow the big boys !!!
Forecast (Kenanga) : Given the short-term bearish outlook, we opt to be more conservative on ALAM’s FY15E prospects, especially in regards to the pipelay-barge prospects, where we now forecast a slight loss of RM2.0m (from a profit of RM4.8m previously). This reduces our FY15 net estimates by 5% to RM95.8m (from RM100.8m).... projecting a loss !!! whats the probability of this being true?
all O&G getting dumped...how low can crude oil go??nobody knows..just slowly collect esp those w reasonable FA w 50% retracements..add on next supp lvls..ur moni ur risk,,
Raymond Tiruchelvam, I think the loss of RM 2M is referring to the underwater piping segment, if it is a projected loss, how do we get a PE of 14X? I am only trying to understand the whole picture here, please correct me if I am wrong. Thank you.
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....
zero
525 posts
Posted by zero > 2014-11-11 09:47 | Report Abuse
or is it a kucing mati?