@SuperPanda, from previous record, normally Q4 result is the worst among all Qtrs, what is your view in this? What do you think about the upcoming Q4 result which will be released soon?
coming result still have risk of loss (very minimum) but im sure rest 2020 will be a better year.. this qtr might have one off gain due to disposal of asset
remember, it have 1b order book and still able to secure new contract, means business is doing better
Oil n gas glory days are over ! This year might even worst ! If crude dip below us50, petronas will cut capex by 30% not only petronas our country also will be in deep trouble !
Oil prices dropped further and looks like the Covid19 is getting worse/spreading globally (Italy, Iran, Korea for example). Also with so many people throwing their shares in this counter, I suspect the latest quarter performance may not be good (like those of other O&S companies).
Does not look good. Better wait for the release of latest qtr result before buying in. Need to see their latest performance. Who knows the results may not be good. Even Velesto also dropped just because the results that came out last night show lower revenue and lower profit. Others like Sapura Energy and Perdana not showing impressive performance too. Can Alam be different?
U.S. crude dropped below $50 on Wednesday, the lowest level since January 2019, as Asia, Europe and oil producing countries in the Middle East reported hundreds of new coronavirus cases and the United States warned of an inevitable pandemic.
Brent crude fell $1.09, or 2%, to $53.86 per barrel, while U.S. West Texas Intermediate crude dropped 68 cents, or 1.4%, to trade at $49.22 per barrel.
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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....
JoshuaMS7
4,309 posts
Posted by JoshuaMS7 > 2020-02-24 08:05 | Report Abuse
World future and oil price crashing seriously! Malaysia politic very unstable! Alam will back to 0.090?