ALAM MARITIM RESOURCES BHD

KLSE (MYR): ALAM (5115)

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Last Price

0.025

Today's Change

0.00 (0.00%)

Day's Change

0.02 - 0.025

Trading Volume

543,600


44 people like this.

14,942 comment(s). Last comment by Robert Waters 2 weeks ago

bigman888

186 posts

Posted by bigman888 > 2022-01-12 13:16 | Report Abuse

liit up only will happen if they can get net profit more than 40mil for coming quarters

Posted by bullmarket1628 > 2022-01-13 06:20 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-13 07:22 | Report Abuse

Oil rally to continue in 2022 as demand outstrips supply, analysts say
https://www.reuters.com/business/energy/oil-prices-could-hit-100-demand-outstrips-supply-analysts-say-2022-01-12/
By Bozorgmehr Sharafedin 6.00am 13-1-2022
* Oil prices rose 50% in 2021
* JPM expects oil prices to "overshoot" to $125 this year
* Some OPEC producers are struggling to raise supply
* OPEC doesn't want oil at $100 - Omani oil minister

LONDON, Jan 12 (Reuters) - Oil prices that rallied 50% in 2021 will power further ahead this year, some analysts predict, saying a lack of production capacity and limited investment in the sector could lift crude to $90 or even above $100 a barrel.
Though the Omicron coronavirus variant has pushed COVID-19 cases far above peaks hit last year, analysts say oil prices will be supported by the reluctance of many governments to restore the strict restrictions that hammered the global economy when the pandemic took hold in 2020.
Brent crude futures traded near $85 on Wednesday, hitting two-month highs.
"Assuming China doesn't suffer a sharp slowdown, that Omicron actually becomes Omi-gone, and with OPEC+’s ability to raise production clearly limited, I see no reason why Brent crude cannot move towards $100 in Q1, possibly sooner," said Jeffrey Halley, senior market analyst at OANDA.
The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, are gradually relaxing the output cuts implemented when demand collapsed in 2020.
However, many smaller producers can't raise supply and others have been wary of pumping too much oil in case of renewed COVID-19 setbacks.

Morgan Stanley predicts that Brent crude will hit $90 a barrel in the third quarter of this year.
With the prospect of depleting crude inventories and low spare capacity by the second half of 2022, and limited investments in the oil and gas sector, the market will have little margin of safety, the bank said.
JPMorgan analysts said in a note on Wednesday that they could see oil prices rising by up to $30 after the Energy Information Administration (EIA) and Bloomberg lowered OPEC capacity estimates for 2022 by 0.8 million barrels per day (bpd) and 1.2 million bpd respectively.

However, the bank added that it also expects oil prices to "overshoot" to $125 a barrel this year, and $150 in 2023.
Rystad Energy's senior vice-president of analysis Claudio Galimberti said if OPEC was disciplined and wanted to keep the market tight, it could boost prices to $100.
However, he said he did not consider this a likely scenario and while oil could "momentarily" reach above $90 this year, downward pressure on prices would come from production increases in Canada, Norway, Brazil and Guyana.
Omani Oil Minister Mohammed Al Rumhi also said on Tuesday that the group doesn't want to see $100 barrels of oil.
"The world is not ready for that," Al Rumhi was quoted as saying by Bloomberg.
High oil prices, which also drive up gasoline and diesel prices, could keep inflation uncomfortably high well into 2022 amid snarled global supply chains, slowing the economic recovery from the pandemic in many countries.
Standard Chartered, meanwhile, has raised its 2022 Brent forecast by $8 to $75 a barrel and its 2023 Brent forecast by $17 to $77.
In a Reuters poll in late December, 35 economists and analysts forecast Brent would average $73.57 a barrel in 2022, about 2% lower than $75.33 consensus in November. The forecast shows the average price for the year, not the peak.
Brent prices have not touched $90 and $100 since 2014, when they were retreating from a high above $115 to as low as $57 by the end of the year.

Tunjung

201 posts

Posted by Tunjung > 2022-01-13 16:56 | Report Abuse

Omicron buat hal pulak

Posted by zenbeginner > 2022-01-14 11:15 | Report Abuse

Tarak uptrend :-(

Posted by hensemboi95 > 2022-01-14 16:33 | Report Abuse

I believe in this counter.

Posted by bullmarket1628 > 2022-01-14 16:47 | Report Abuse

Brent oil suddenly spike up to around $86 up around $1 because the war in Ukraine has been started.
Ho Sei Liao lah this round !

Heng ah , Ong ah, Huat ah !

Posted by bullmarket1628 > 2022-01-15 07:13 |

Post removed.Why?

koyokui

1,905 posts

Posted by koyokui > 2022-01-17 15:10 | Report Abuse

Oil uptrend possible 90 per barrel

Posted by bullmarket1628 > 2022-01-18 07:01 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-19 06:37 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-19 06:37 |

Post removed.Why?

FaridIsland

1,341 posts

Posted by FaridIsland > 2022-01-21 09:18 | Report Abuse

Ayooo bulmarket...sudah sakit leher owwww tunggu ini alam!

Posted by zenbeginner > 2022-01-21 10:11 | Report Abuse

Alam kayangan dan mimpi ...LOL

canbuyla

545 posts

Posted by canbuyla > 2022-01-22 00:24 | Report Abuse

gone case co...big sell ..sell all

koyokui

1,905 posts

Posted by koyokui > 2022-01-25 12:26 | Report Abuse

Alam recently been bought big by somebody

MamakKutty

277 posts

Posted by MamakKutty > 2022-01-25 12:45 | Report Abuse

where got, If you see the 1year chart, the only spike in volume is 200M+ 1 year ago.

Posted by bullmarket1628 > 2022-01-27 06:18 |

Post removed.Why?

Posted by bullmarket1628 > 2022-01-29 06:52 |

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Godofgambler

5,307 posts

Posted by Godofgambler > 2022-02-05 01:06 | Report Abuse

Limit up

Posted by bullmarket1628 > 2022-02-05 08:23 |

Post removed.Why?

Invest123

1,597 posts

Posted by Invest123 > 2022-02-05 11:24 | Report Abuse

10 sen

Posted by Alampn17 > 2022-02-06 08:02 | Report Abuse

Alam will go to pn17, 10:1
Aftet conso, price 0.30
You hv 10k , chg one 1 k

annmix

1,521 posts

Posted by annmix > 2022-02-07 21:44 | Report Abuse

limit up ? What u smoke ?

Posted by zenbeginner > 2022-02-08 11:29 | Report Abuse

I believe I can fly....LOL

Posted by shahrebel > 2022-02-08 13:47 | Report Abuse

As at 31 Sept 2021, suffers lost. No announcement of new project for the entire year 2021 except for news on debt restructuring. Care to add on any news that I might have missed about this company?

Posted by bullmarket1628 > 2022-02-08 16:42 | Report Abuse

Super great news !
Malaysia's National Recovery Council agrees to fully reopen borders without quarantine by March

Rashvinjeet S Bedi
08 Feb 2022 03:19PM (Updated: 08 Feb 2022 03:19PM)

https://www.channelnewsasia.com/asia/malaysia-reopen-borders-no-quarantine-mar-1-muhyiddin-national-recovery-council-2485591

Posted by zenbeginner > 2022-02-09 12:22 | Report Abuse

Anyone got inside news on debt restructuring

Posted by khoomingjau > 2022-02-09 14:36 | Report Abuse

Pn17 pn17 runrunrun

Posted by bullmarket1628 > 2022-02-12 08:39 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-12 10:11 | Report Abuse

Oil price soars 3% to 7-yr highs on Ukraine jitters, tight supplies
Saturday, 12 Feb 2022 6:40 AM MYT

https://www.thestar.com.my/business/business-news/2022/02/12/oil-price-soars-3-to-7-yr-highs-on-ukraine-jitters-tight-supplies

NEW YORK: Oil prices ended 3% higher on Friday at fresh seven-year highs as escalating fears of an invasion of Ukraine by Russia, a top energy producer, added to concerns over tight global crude supplies.
Russia has massed enough troops near Ukraine to launch a major invasion, Washington said, as it urged all U.S. citizens to leave the country within 48 hours.

Britain also advised its nationals to leave Ukraine as Prime Minister Boris Johnson impressed the need for NATO allies to make it absolutely clear that there will be a heavy package of economic sanctions ready to go, should Russia invade Ukraine.
Brent crude futures settled US$3.03, or 3.3%, higher at $94.44 a barrel, while U.S. West Texas Intermediate crude rose $3.22, or 3.6%, to $93.10 a barrel.

Both benchmarks touched their highest since late 2014, surpassing the record highs hit on Monday, and posted their eighth consecutive week of gains on growing concerns about global supplies as demand recovers from the coronavirus pandemic.
Trading volumes spiked in the last hour of trading, with volumes for global benchmark Brent climbing to their highest in more than two months.
"The market doesn't want to be short going into the weekend... if an invasion appears to be imminent and you know that there will be retaliatory sanction that will result in a disruption in natural gas and oil supplies," Andrew Lipow, president of Lipow Oil Associates in Houston.
The International Energy Agency raised its 2022 demand forecast and expects global demand to expand by 3.2 million barrels per day (bpd) this year, reaching an all-time record 100.6 million bpd.
The energy watchdog's report follows the Organization of the Petroleum Exporting Countries' warning earlier this week that world oil demand might rise even more steeply this year on a strong post-pandemic economic recovery.
The IEA added that Saudi Arabia and the United Arab Emirates could help to calm volatile oil markets if they pumped more crude, adding that the OPEC+ alliance produced 900,000 bpd below target in January.
The two OPEC producers have the most spare production capacity and could help to relieve dwindling global oil inventories that have been among factors pushing prices towards $100 a barrel, deepening inflation worldwide.
The Biden administration responded to high prices by again stating this week that it has been talking with large producers about more output, as well as the possibility of additional strategic releases from large consumers, as it did late last year.
Indirect U.S.-Iran nuclear talks resumed this week after a 10-day break. A deal could see the lifting of sanctions on Iranian oil and ease supply tightness.
In the United States, drillers added the most oil rigs in a week in four years, with the rig count, an indicator of future production, rising 19 to 516, its highest since April 2020, energy services firm Baker Hughes Co said.- Reuters

Posted by bullmarket1628 > 2022-02-15 06:49 |

Post removed.Why?

Posted by bullmarket1628 > 2022-02-15 12:27 |

Post removed.Why?

koyokui

1,905 posts

Posted by koyokui > 2022-02-17 10:50 | Report Abuse

Time to buy alam. Tp .05

Posted by bullmarket1628 > 2022-02-17 18:11 | Report Abuse

World’s Most-Important Oil Price Tops $100, Signals More to Come

https://www.bloomberg.com/news/articles/2022-02-16/world-s-most-important-oil-price-just-took-out-100-a-barrel

By Alex Longley+Follow
February 17, 2022, 3:52 AM GMT+8

Forget the futures market, the world’s most important oil price just smashed through $100 a barrel with every sign it is going to push higher. 
Dated Brent, the price of cargoes bought and sold in the North Sea, reached $100.80 a barrel on Wednesday for the first time since 2014, according to S&P Global Platts, the company that publishes the marker. Price spreads in the futures market are pointing to one the tightest markets ever.....

Posted by bullmarket1628 > 2022-02-22 09:45 |

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Posted by bullmarket1628 > 2022-02-22 10:22 | Report Abuse

Putin orders Russian troops to Ukraine after recognising breakaway regions
By Andrew Osborn and Dmitry Antonov
22-2-2022

https://www.reuters.com/markets/europe/kremlin-says-no-concrete-plans-summit-with-biden-over-ukraine-2022-02-21/

MOSCOW, Feb 21 (Reuters) - Russian President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent on Monday, accelerating a crisis the West fears could unleash a major war.
A Reuters witness saw tanks and other military hardware moving through the separatist-controlled city of Donetsk after Putin issued a decree recognising the breakaway regions and told Russia's defence ministry to send in forces to "keep the peace".
The moves drew U.S. and European condemnation and vows of new sanctions although it was unclear whether it was Putin's first major step toward a full-scale offensive in Ukraine that Western governments have warned about for weeks.
A senior U.S. official said the deployment to breakaway enclaves already controlled by separatists loyal to Moscow did not yet constitute a "further invasion" that would trigger the harshest sanctions, but that a wider military campaign could come at any time.
There was no word on the size of the force Putin was dispatching, but the decree said Russia now had the right to build military bases in the breakaway regions.
In a lengthy televised address packed with grievances against the West, a visibly angry Putin described Ukraine as an integral part of Russia's history and said eastern Ukraine was ancient Russian lands.
Russian state television showed Putin, joined by Russia-backed separatist leaders, signing a decree recognising the independence of the two Ukrainian breakaway regions - the self-proclaimed Donetsk People's Republic and the Lugansk People's Republic - along with agreements on cooperation and friendship.
Defying Western warnings against such a move, Putin had announced his decision in phone calls to the leaders of Germany and France earlier, the Kremlin said.
Moscow's action may well torpedo a last-minute bid for a summit with U.S. President Joe Biden to prevent Russia from invading Ukraine, which the senior U.S. official said was now in doubt.
Oil jumped to a seven-year high, safe-havens currencies like the yen rallied and U.S. stock futures dived as Europe's eastern flank stood on the brink of war. The rouble
extended its losses as Putin spoke, at one point sliding beyond 80 per dollar.
Ukrainian President Volodymyr Zelenskiy, who received a solidarity call from Biden, accused Russia of wrecking peace talks and ruled out territorial concessions in an address to the nation early on Tuesday.
Biden, who also spoke to French President Emmanuel Macron and Germany Chancellor Olaf Scholz, quickly signed an executive order to halt all U.S. business activity in the breakaway regions and ban import of all goods from those areas.
White House spokesperson Jen Psaki said the measures were separate from sanctions the United States and its allies have been readying if Russia invades Ukraine.
U.S. Secretary of State Antony Blinken said the executive order "is designed to prevent Russia from profiting off of this blatant violation of international law."
The U.N. Security Council was due to meet publicly on Ukraine at 9 p.m. EST Monday (0200 GMT on Tuesday), a Russian diplomat said, following a request by the United States, Britain and France.
German Chancellor Olaf Scholz's spokesman said Germany, France and the United States had agreed to respond with sanctions, while British Foreign Minister Liz Truss said Britain would announce new sanctions on Tuesday.
NATO Secretary-General Jens Stoltenberg accused Russia of "trying to stage a pretext" for a further invasion. Russia annexed Crimea from Ukraine in 2014.
In his address, Putin delved into history as far back as the Ottoman empire and as recent as the tensions over NATO's eastward expansion. His demands that Ukraine drop its long-term goal of joining the Atlantic military alliance have been repeatedly rebuffed by Kyiv and NATO states.
With his decision to recognise the breakaway regions, Putin brushed off Western warnings.
"I deem it necessary to make a decision that should have been made a long time ago - to immediately recognise the independence and sovereignty of the Donetsk People's Republic and the Lugansk People's Republic," Putin said.
A French presidential official said the speech "mixed various considerations of a rigid and paranoid nature".

Posted by bullmarket1628 > 2022-02-22 10:23 | Report Abuse

DIPLOMATIC WINDOW NARROWS
Putin has for years worked to restore Russia's influence over nations that emerged after the collapse of the Soviet Union, with Ukraine holding an important place in his ambitions.
Russia denies any plan to attack its neighbour, but it has threatened unspecified "military-technical" action unless it receives sweeping security guarantees, including a promise that Ukraine will never join NATO.
Recognition of the separatist-held areas will narrow the diplomatic options to avoid war, since it is an explicit rejection of a seven-year-old ceasefire mediated by France and Germany.
Separately, Moscow said Ukrainian military saboteurs had tried to enter Russian territory in armed vehicles leading to five deaths, an accusation dismissed as "fake news" by Kyiv.
Those developments fit a pattern repeatedly predicted by Western governments, who have accused Russia of preparing to fabricate a pretext to invade by blaming Kyiv for attacks and relying on pleas for help from separatist proxies.
Washington says Russia has massed a force numbering 169,000-190,000 troops in the region, including the separatists in the breakaway regions, and has warned of invasion at any moment.

koyokui

1,905 posts

Posted by koyokui > 2022-02-22 15:37 | Report Abuse

Alam tp .06 for current oil price buy

Posted by bullmarket1628 > 2022-02-24 12:25 |

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Posted by bullmarket1628 > 2022-02-24 12:30 |

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Posted by bullmarket1628 > 2022-02-24 13:08 |

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Posted by bullmarket1628 > 2022-02-24 14:36 | Report Abuse

Russian forces invade Ukraine with strikes on major cities
By Andrew Osborn and Natalia Zinets 24-2-2022

https://www.reuters.com/world/europe/putin-orders-military-operations-ukraine-demands-kyiv-forces-surrender-2022-02-24/

MOSCOW/KYIV, Feb 24 (Reuters) - Russian forces fired missiles at several cities in Ukraine and landed troops on its south coast on Thursday, officials and media said, after President Vladimir Putin authorised what he called a special military operation in the east.
Shortly after Putin spoke in a televised address on Russian state TV, explosions could be heard in the pre-dawn quiet of the Ukrainian capital of Kyiv.
Gunfire rattled near the capital's main airport, the Interfax news agency said, and sirens were heard over the city.

annmix

1,521 posts

Posted by annmix > 2022-02-24 17:40 | Report Abuse

No hope this kind of stock. Better don't waste your time investing these kind of rubbish stock same like sapura. Bankrupt soon like perisai

Posted by bullmarket1628 > 2022-02-25 07:11 |

Post removed.Why?

Posted by tikuskecik > 2022-02-28 22:47 | Report Abuse

rubbish company ....really rubbish ...those people work in this company got salary paid or not ? those directors are all hibernate ? sleep for years ....useless

Posted by bullmarket1628 > 2022-03-02 07:33 |

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Posted by zenbeginner > 2022-03-02 09:32 | Report Abuse

Bullmarket, so positive...oil price going up but Alam still not up

Tunjung

201 posts

Posted by Tunjung > 2022-03-02 21:32 | Report Abuse

Esok naik 10 sen

Posted by bullmarket1628 > 2022-03-02 22:53 | Report Abuse

Announcement details
ALAM MARITIM RESOURCES BERHAD
Description: LETTER OF CONTRACT

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3239299

1. INTRODUCTION
The Board of Directors of Alam Maritim Resources Berhad ("ALAM? or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd has recently been awarded with the respective Letter of Award for Provision of Transportation, Installation & Pre-Commissioning of Flexible Risers and Other Appurtenances for Cendor Pipeline Project for Petrofac Malaysia (?Contract?).
2.������ SALIENT TERMS OF THE CONTRACT
The Contract is awarded on lump sum basis wherein the total Contract Price is approximately Ringgit Malaysia Fifty-Two Million (RM52,000,000.00). Contract is expected to complete on 21 July 2022.
3.������ FINANCIAL EFFECTS
The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM and its group of companies for the financial year ending 30 June, 2022 and 2023. Notwithstanding this, the Contract will not have any material effect on the share capital and shareholding structure of ALAM.
4.������ RISKS ASSOCIATED WITH THE WORK ORDERS
The risk factors associated with the Contract include execution and operational risks such as availability of vessels, skilled manpower, equipment and materials in compliance with the terms of the Contract, unexpected mechanical breakdown, changes in political, economic and regulatory conditions. Throughout the years, ALAM has established its track record and expertise to undertake these Contract. In mitigating the risks, ALAM will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services.
5.������ DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors or major shareholders of ALAM, or persons connected to them has any direct or indirect interest in the Contract.
6.������ DIRECTORS' STATEMENT
The Board of Directors of ALAM is of the opinion that the acceptance of the Contract is in the best interest of the Company.

The announcement is dated 2 March 2022.

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