Tabung bought another1,000,000 share on 17th July 2012 and announcement on 24th July2012 (Thestar newspaper). Tahung Haji have bought on 12, 16 & 17 July 2012. I believe this share is about time to shoot up.
Its day will come, and I think it might not be too far away. Oil & Gas counters are the performing counters right now. Petra Energy, Perdana, Wah Seong, SK Petro and most recently TH Heavy have seen rises. Alam Maritim is near the year's low so, provided its next quarter report isn't too bad, promises an upswing.
KUALA LUMPUR: Oil and gas could be the next big thing for stock market players, in the remaing five months of the year, after the influential research firm, CIMB Investment Research said that a number of oil and gas companies were poised to register record earnings this year.
In a report late last week, CIMB Research said oil and gas companies such as Dialog Group Bhd, Perisai Petroleum Bhd, SapuraKencana Petroleum Bhd, Wah Seong Corp Bhd and Bumi Armada Bhd are expected to post their record high earnings this year.
Much of the research house optimism is tied to Petroliam Nasional Bhd's (Petronas) plan to boost output by developing new and marginal fields.
As early as last month, Petronas had announced that it plans to invest up to RM300 billion over the next five years, or up to RM60 billion a year, to develop new fields, and initiatives to develop marginal fields.
This is higher than the RM34.9 billion it invested during the financial year ended March 31, 2011.
Thus far this year, collectively the major publicly traded oil and gas companies have marginally out performed the key index.
Oil and gas counters on the average have appreciated by seven per cent this year, on a weighted average basis as opposed to the 6.8 per cent jump for the local bourse.
marcus , don't think big fish running at this price , now at this price is almost the lowest . .......... if big kaki run at this price i think this counter may have problem .
To those who plan to invest long term on this stock, please wait. it won't rise fast,let's intend to review next QoQ financial performance announcement.Will take time on current consolation and you'll have a better gain of your invest capital.Thanks
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....
kcfan
1,881 posts
Posted by kcfan > 2012-07-22 20:54 | Report Abuse
Uptrend signal have created.Need more volume to break 1st resistance line on RM0.56