Posted by Matsaham Mashuk > 2013-01-15 17:12 | Report Abuse

Nice--)uptrend mode..smile--)

Posted by Ram Cheong > 2013-01-15 17:28 | Report Abuse

more to come tomorrow :)

Posted by Ram Cheong > 2013-01-15 17:29 | Report Abuse

congrat to all Alam holders . ...........

Posted by sirzack > 2013-01-15 17:33 | Report Abuse

matsaham mashuk..always smile..smile...he..he..

Posted by roslaom > 2013-01-15 17:42 | Report Abuse

400+ million contract

Posted by necro > 2013-01-15 17:43 | Report Abuse

Kalo esok atas .79 bole masuk lagi ker

Posted by chung > 2013-01-15 18:03 | Report Abuse

PROVISION OF SIX (6) UNITS MARINE VESSELS FOR PETRONAS CARIGALI BASE FLEET

INTRODUCTION

The Board of Directors of Alam Maritim Resources Berhad ("AMRB" or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from Petronas Carigali Sdn Bhd for the provision of six (6) units marine vessels [“the Contract”] for a total sum of approximately RM576 million (estimated inclusive of extension option, if exercised).

DETAILS OF THE CONTRACT

The Contract which has taken affect from 1 January 2013 to 31 December 2017 is for a firm period of five (5) years.

RISKS FACTORS

The risks associated with the Contract are mainly operational risks such as accidents and unexpected breakdown of vessels. In mitigating such risks, the Company has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining performance and seaworthiness of all vessels.

FINANCIAL EFFECTS

The Contract valued at approximately RM576 million is expected to positively contribute to the earnings and net assets of AMRB for the financial year ending 31 December 2013 and beyond. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the Contract.

Posted by roslaom > 2013-01-15 18:05 | Report Abuse

latest announcement from bursa

The Board of Directors of Alam Maritim Resources Berhad ("AMRB" or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has received a letter of award from Petronas Carigali Sdn Bhd for the provision of six (6) units marine vessels [“the Contract”] for a total sum of approximately RM576 million (estimated inclusive of extension option, if exercised).




DETAILS OF THE CONTRACT

The Contract which has taken affect from 1 January 2013 to 31 December 2017 is for a firm period of five (5) years.

Posted by necro > 2013-01-15 18:05 | Report Abuse

Boleh masuk lg ker...

Posted by chung > 2013-01-15 18:07 | Report Abuse

Another contrac for RM 576 Million Tomorrow Alam Jump start....2013 Year for Oil & Gas...... See you Rm 1.00 soon

Posted by necro > 2013-01-15 18:11 | Report Abuse

Ok i jump tommorow..
Huhuhu

Posted by Ayamserama Baik > 2013-01-15 18:37 | Report Abuse

jika yakin alam akan pergi rm1.00. what r u waiting 4?.

Posted by Risk Trader > 2013-01-15 18:42 | Report Abuse

News out....tomorrow will profit taking...support at 0.82 cent

Posted by kytan > 2013-01-15 18:50 | Report Abuse

sold at 0.855. will buy on weakness. cash is king. aim for patimas and alam, spsetia not much profit for me due to the purchase lot is less.

Posted by necro > 2013-01-15 18:50 | Report Abuse

Bukan 79 ke bro?
Sell on news like happen to Takaso?

Posted by maryam > 2013-01-15 18:52 | Report Abuse

Bought at 68 and sold at 84

Posted by necro > 2013-01-15 18:59 | Report Abuse

Yayayaya jimbo..

Posted by Chung > 2013-01-15 20:35 | Report Abuse

Alam will continue up trend like Perdana since Perdana now closed at Rm 1.23 and Alam price is far behind and cheaper than Perdana this will attrack more investor and retailer focus on Alam. I forecast this counter will touch 0.90 cents and above. Expected more securities firm will revalue higher TP for Alam. Any good comment from securites will help to boot up buying interest on this counter. If got holding power can hold until Chinese new year. 2013 year for Oil & Gas .... pre-Chinese New Year Ang Pow coming soon........

Posted by kcfan > 2013-01-15 20:44 | Report Abuse

Chung will giving us more "Ang Pow" soon.Congrats to all Alam and Perdana holders.

Posted by ikan > 2013-01-15 20:47 | Report Abuse

Thank you chung, but I disposed too early, I think should buy back tomorow

Posted by Stanley Chow > 2013-01-15 20:49 | Report Abuse

power ang pow of the year 2013, cheers

Posted by Chung > 2013-01-15 21:08 | Report Abuse

I did not give your Chinese New Year "Ang Pow" is Petronas carigali the one give us "Ang Pow". Petronas award contrac to Perdana and Alam give a positive impact to this counter causing the price surge to yearly historical high. We always remember when we buy a counter try to buy a counter related to a sector. example Perdana and Alam are belong to Oil & Gas sector as we know this year Petronas going to award many contrac for this sector company just but this sector counter and keep forget about other counter .... We must follow the direction of the wind is blow... If this year the wind is blow on Oil & Gas sector then we lah simple at that.

Posted by necro > 2013-01-15 21:22 | Report Abuse

Chung u buy many lot aaa??????

Posted by Chung > 2013-01-15 21:28 | Report Abuse

I bought Alam 100,000 share and Perdana-wa 100,000. I did not buy Perdana but i buy warrant because any up trend on Perdana mother share the warrant will follow too. I can buy 3 lots warrant instead 1 lot Perdana but if both mother and warrant up example mother share up 5 cent warrant may up 3 cent ( 3 lots x3 cent =9 cent )

Posted by eddyng3300 > 2013-01-15 23:19 | Report Abuse

If gap up tomorrow, sure touch 0.90 cents.

Posted by buybackma > 2013-01-15 23:39 | Report Abuse

Posted by mysterious99 > Jan 15, 2013 04:41 PM | Report Abuse

tomorrow big gap up....news out later evening...

Just wonder who is this mysterious99 . Seems he/she knew about the news earlier than us. Congrats to all Alam investors. Better keep this stock until chinese new year for more angpau.. smiles...

Posted by anulus81 > 2013-01-15 23:39 | Report Abuse

hope not like THHE....

Posted by buybackma > 2013-01-15 23:54 | Report Abuse

I don't think so Anulus coz Alam never fall under PN17 co. Investors and analysts are more confidence towards Alam, even Petronas Carigali dare to awards Alam with such a huge contract @ RM576m . Wow!!!!!!!!!!!!!!!!! buybackma...if 90c can break with huge volume...hohohoho...

Posted by anulus81 > 2013-01-16 00:21 | Report Abuse

i'm on boat already... sold at 0.84 n buyback at 0.855...hope to see big gap tmrw morning... just like happend to perdana when received the contract.

Posted by kahfiehlai > 2013-01-16 00:38 | Report Abuse

wow..excited...

Posted by roslaom > 2013-01-16 07:07 | Report Abuse

There are other PSCs in operation in Malaysia. More contracts will be given out until we ran out malaysian flagged vessel. The Pan-malaysia transportation/installation to be awarded to winning contractor Q2 this year.

In my opinion, 1.25 TP is achievable. All those fund that have striked out ALAM earlier will be buying them back.

Posted by chung > 2013-01-16 07:43 | Report Abuse

kytan
Alam is not speculation counter like Patimas... Alam is fundamental counter and profit counter. A fundamental counter with good news release will enhance share performance. Moreover many securities firm give Buy call with higher TP so is worth to hold med term for Chinese New Year " Ang Pow" Only speculation counter like Patimas will happen buy in rumours sell in fact.

Posted by kcfan > 2013-01-16 07:55 | Report Abuse

Posted by kcfan > Jan 14, 2013 09:40 PM | Report Abuse X

Upcoming projects and potential winners for 2013.
Opportunities - 34 OSV tenders; 3-5 year contract
Types of project -OSV 20 AHTS, 8 PSV, 6 SSV
Estimated value -MYR3b
Potential beneficiary : Alam, Perdana

More announcement to go..

Posted by anulus81 > 2013-01-16 08:50 | Report Abuse

opening not so strong? wait n see?

Posted by buybackma > 2013-01-16 09:24 | Report Abuse

Yup! Alam's moved slowly and steadily but surely ...to TP of what many analysts target. Hope today can break 90c ... smiles...

Posted by usry > 2013-01-16 09:59 | Report Abuse

maintain...

Posted by buybackma > 2013-01-16 10:48 | Report Abuse

IB research - Our target price is 1.42, still pegged to our CY14 target market P/E of 13.3x. Maintain Buy. Improved charter ... We understand that the fleet consists of anchor handling, towing and supply (AHTS) vessels - four 5,000HP ones and two 10,000HP ones. For the marine spread portion of the contract, we estimate that Alam fetches a charter rate of around US$2/HP, slightly higher than US$1.92-1.95/HP that Perdana (PETR MK, Outperform) makes from its recent win. It is also a substantial improvement from US$1.75-1.80/HP a year ago.most operators have reported a pick-up in utilisation and charter rates. Alam's utilisation rate is expected to average 86% this year, up from 76% in 2012 and 70% in 2011. Order book doubles. Alam and Perdana have clinched a combined five new wins worth RM1.1bn - all in just 15 days. The latest contract doubles Alam's marine support order book to RM1.1bn, its highest ever. The jobs in hand will last five years, not inclusive of a charter contract for two vessels that spans 14 years.

Posted by anulus81 > 2013-01-16 11:01 | Report Abuse

hugeeee block at RM0.90

Posted by buybackma > 2013-01-16 11:03 | Report Abuse

Wow!!!!!!!! Alam is chasing Perdana ... touch 90c already...Don't missed the boat..buybackma..smiles...

Posted by necro > 2013-01-16 11:05 | Report Abuse

Wow...
No correction....

Posted by chung > 2013-01-16 11:06 | Report Abuse

wow.... Very big bite lah.... as i mention yesterday Alam become another target after Perdana due to lower price Announcement yesterday attrack more securities firm upgrade higher TP for Alam.... Pre-Chinese new year "Ang Pow" for those who bought Alam and Perdana.. I guess afternoon session will be more excited.... 2013 for Oil & Gas Counter.

Posted by weiboy90 > 2013-01-16 11:06 | Report Abuse

i waiting for correction then go in.. @@ overbought for so many days d..

Posted by sheridansulik > 2013-01-16 11:09 | Report Abuse

Yes,it is overbought now,anytime an drop, and I hv keyed in my price to received...

Posted by necro > 2013-01-16 11:09 | Report Abuse

Overbought xmematahkan semangatmu Alam terbang ke Alam lain...

Posted by buybackma > 2013-01-16 11:11 | Report Abuse

Come on Alam chase Perdana ma!!!!!! Perdana 1.26 already!!!!!! You are lagging behind almost 40c ma... shame ur self lor...Alam won't dissapoint you investors out there..buybackma.. don't miss the speedboat..smiles..

Posted by muhamadazize > 2013-01-16 11:14 | Report Abuse

alam terbaikkk

Posted by buybackma > 2013-01-16 11:16 | Report Abuse

Who knows one day Alam and Perdana might look for possible merger since both involved in the same business. Buyer coming in at 89.5c ..wow ...the road block of 90c will disappeared in few minutes times.. patience ma..

Posted by buybackma > 2013-01-16 11:18 | Report Abuse

boommmmmmmmmmmmmmed!!!!!!!!!!
already believed it or not... yes believed it..smiles..

Posted by feigo > 2013-01-16 11:18 | Report Abuse

Buying are too strong. Very Big player buying.

Posted by buybackma > 2013-01-16 11:20 | Report Abuse

90.5c guys...