Posted by StartOfTheBull > 2023-02-09 09:41 | Report Abuse

pang72

It is very weak. The only reason is uncle YY selling..

5 days ago

xxxxxxxxxxxxx
Guess Uncle YY has finished disposing?

Posted by yewyin33 > 2023-02-13 09:07 | Report Abuse

Petra Energy is one of my major investments. I bought it because it complies with my stock selection criteria. Among all the stock selection criteria such as NTA, cash flow, healthy balance sheet, EPS and dividend yield etc the most powerful catalyst to push up share price is profit growth. It reported EPS 7.57 sen for the quarter ending Sept and EPS for its previous quarter was 0.43 sen. I expect its next quarter ending December to be better than 7.57 sen. Koon Yew Yin

Posted by StartOfTheBull > 2023-02-13 09:27 | Report Abuse

True or false?
xxxxxxxxx
pang72

45,628 posts

Posted by pang72 > 1 week ago | Report Abuse

If he got profit to take then congrats him.
He lose too much previous years, need to get back some money

Posted by nicholas99 > 2023-02-13 10:55 | Report Abuse

uncle run already?

Posted by I_like_dividend > 2023-02-17 04:31 | Report Abuse

Dayang RM 1.55 despite EPS 1.34 sen worse than Penergy last qtr 7.57 sen EPS. Dayang dividend 1.5 sen vs Penergy 2 sen.

Posted by StartOfTheBull > 2023-02-17 06:36 | Report Abuse

Technically, at present ROI in Penergy is 70% more than Dayang. Investment decision based on historical charts maybe the reason share price of Penergy far behind compared to Dayang.

Posted by I_like_dividend > 2023-02-17 09:35 | Report Abuse

Ask GPS to withdraw support to Anwar PH only Penergy can move? Uncle KYY can help?

Posted by I_like_dividend > 2023-02-17 09:39 | Report Abuse

KYY when PM-X visit Tambun the next time please see him and tell him the problem Urusharta Jamaah selling Penergy near RM 1. Dayang no such problem so continue high price?

Posted by I_like_dividend > 2023-02-17 09:41 | Report Abuse

So in other words staffs manning Urusharta Jamaah(CEO?) and maybe EPF must be changed?

Posted by StartOfTheBull > 2023-02-17 11:48 | Report Abuse

It is hinted how bad is Malaysia local bourse. Some stocks badly undervalued risking for being takeover.
https://www.freemalaysiatoday.com/category/nation/2023/02/17/privatising-petronas-will-lead-to-takeover-warns-ex-treasury-man/

Posted by yewyin33 > 2023-02-17 17:14 | Report Abuse

If you read my last article "Why Petra Energy price is going up" carefully, you will know that it has 3 oil rig maintenance contracts with Petronas, Petronas Carigali and Sarawak Oil extended for 1-2 years. That means it will continue to report increasing profit in the next few quarters.
One big investor put 100,000 shares to sell at 88 sen just before the end of trading today to stop its price to go up because he wants to buy it cheaper. Koon Yew Yin

Posted by I_like_dividend > 2023-02-23 17:44 | Report Abuse

3 sen dividend is better than last quarter 2 sen. DY better than FD can add further.

Posted by trader808 > 2023-02-26 22:00 | Report Abuse

1. I do not have shares in Penergy but have the itch and desire to write an opinion and post it.
2. Penergy has just announced its 4th quarter result. It reported a revenue of 110m and a profit after tax of 7.9m which is less than market expectation. It is therefore,not entirely wrong to say Penergy had a missed quarter performance.

3.Nonetheless, on a full year basis the company has managed to achieve a revenue of 370m and generated a profit after tax of 13.07m
4. The company has issued share capital of 321m. Its earning per share is 4.06 sen. At the current price of 83 sen, it is therefore trading at a price earning multiple of 21.78x
5. Considering that the Bursa PE is between 13x to 15x, Penergy is thus somewhat fully valued.
6. The company has a sound and strong balance sheet. Its net tangible assets is 1.21.
7. For the current year it has paid out 2 sen dividend and also declared another 3 sen final dividend in the 4th quarter.
8. The company has a surprisingly impressive cash and bank balances of a massive amount of Rm184.8m. And more impressively, it has no long term debts and borrowings but short term liabilities of Rm36m that does not have significant financial burden and impact.

9. Despite its less than favorable profit performance, Petra was able to generate a remarkable and commendable net cash flow from its operating activities of a massive amount of Rm65.69m

10. On the whole, the company's business is still profitable and sustainable. It has a healthy balance sheet with sound financial ratios. The business continued to generate free and net cash flow.
11. The 4th quarter less than impressive profit performance is just a temporary setback.
12. A knee jerk sell down is not unexpected. Nevertheless, it is not surprising.

13. Therefore the sell down and fall in price is not alarming. In stead it opens up an opportunity for you to buy cheap for long term value investing.

14 This is my personal perception and opinion of the counter. It may be wrong. Trade cautiously.

26/2/2023

Posted by StartOfTheBull > 2023-03-02 12:32 | Report Abuse

The job contracts are there but the company need to rationally improve it operating expenses in order to boost its profitability or will be left behind.

Posted by StartOfTheBull > 2023-03-07 08:55 | Report Abuse

How will O&G perform today?

Posted by 5354_ > 2023-03-14 17:03 | Report Abuse

2023-03-14

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 100,000 shares on 09-Mar-2023.

2023-03-14

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 19,000 shares on 08-Mar-2023.

2023-03-14

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 49,300 shares on 07-Mar-2023.

2023-03-14

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 98,700 shares on 06-Mar-2023.

2023-03-14

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 100,000 shares on 09-Mar-2023.

2023-03-14

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 19,000 shares on 08-Mar-2023.

2023-03-14

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 49,300 shares on 07-Mar-2023.

2023-03-14

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 98,700 shares on 06-Mar-2023.

2023-03-14

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 100,000 shares on 09-Mar-2023.

2023-03-14

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 19,000 shares on 08-Mar-2023.

2023-03-14

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 49,300 shares on 07-Mar-2023.

2023-03-14

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 98,700 shares on 06-Mar-2023.

2023-03-14

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 100,000 shares on 09-Mar-2023.

2023-03-14

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 19,000 shares on 08-Mar-2023.

2023-03-14

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 49,300 shares on 07-Mar-2023.

2023-03-14

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 98,700 shares on 06-Mar-2023.

Posted by 5354_ > 2023-03-17 22:01 | Report Abuse

2023-03-17

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 144,500 shares on 16-Mar-2023.

2023-03-17

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 86,000 shares on 15-Mar-2023.

2023-03-17

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 231,000 shares on 14-Mar-2023.

2023-03-17

Insider

TAN SRI BUSTARI BIN YUSUF (a substantial shareholder) acquired 134,700 shares on 13-Mar-2023.

2023-03-17

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 144,500 shares on 16-Mar-2023.

2023-03-17

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 86,000 shares on 15-Mar-2023.

2023-03-17

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 231,000 shares on 14-Mar-2023.

2023-03-17

Insider

SHOREFIELD RESOURCES SDN. BHD. (a substantial shareholder) acquired 134,700 shares on 13-Mar-2023.

2023-03-17

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 144,500 shares on 16-Mar-2023.

2023-03-17

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 86,000 shares on 15-Mar-2023.

2023-03-17

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 231,000 shares on 14-Mar-2023.

2023-03-17

Insider

SHOREFIELD SDN. BHD. (a substantial shareholder) acquired 134,700 shares on 13-Mar-2023.

2023-03-17

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 144,500 shares on 16-Mar-2023.

2023-03-17

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 86,000 shares on 15-Mar-2023.

2023-03-17

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 231,000 shares on 14-Mar-2023.

2023-03-17

Insider

OBYU HOLDINGS SDN. BHD. (a substantial shareholder) acquired 134,700 shares on 13-Mar-2023.

Posted by StartOfTheBull > 2023-03-18 13:56 | Report Abuse

LETTER OF AWARD CONTRACT OF THE PROVISION OF ACCOMMODATION WORK BOAT (AWBOAT)
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337564

Posted by StartOfTheBull > 2023-03-18 13:58 | Report Abuse

AND ANOTHER LETTER OF AWARD CONTRACT OF THE PROVISION OF ACCOMMODATION WORK BOAT (AWBOAT)
https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3337560

Posted by StartOfTheBull > 2023-03-20 21:08 | Report Abuse

Still staying strong.

Posted by StartOfTheBull > 2023-03-22 14:50 | Report Abuse

Penergy = perlahan perlahan energy?

Posted by sarawakian63 > 2023-03-23 11:33 | Report Abuse

Petros why cannot give work?

Posted by success2628 > 2023-04-04 07:23 |

Post removed.Why?

Posted by NinjaInPyjamas > 2023-04-06 20:36 | Report Abuse

Oil and gas sector is badly understood. Spike in oil price wont affect service compannies. Even more so now as nobody wants to work in this industry. Its going to be bullish for many years to come

Posted by StingRay > 2023-04-06 21:23 | Report Abuse

Not nobody want to work in this industry. Just that the skillset required for this industry pretty fussy. And the rules are strict. Many of our good engineers are working outside Malaysia.

Posted by StingRay > 2023-04-06 21:25 | Report Abuse

Obviously will be bullish for engineering firm for OnG. Petronas has planned to spent RM300b for capex investment for the next 5 years.

Posted by 5354_ > 2023-05-09 03:43 | Report Abuse

GPS pullout from Kerajaan Perpaduan possible?

Posted by StartOfTheBull > 2023-06-03 13:39 | Report Abuse

OPEC+ Discussing 1 Million Bpd Output Cut
https://oilprice.com/Energy/Crude-Oil/OPEC-Discussing-1-Million-Bpd-Output-Cut.html

Posted by success2628 > 2023-07-25 08:49 |

Post removed.Why?

Posted by mrcrab > 2023-08-23 17:41 | Report Abuse

Good QR !!

Posted by mrcrab > 2023-08-25 10:38 | Report Abuse

Time to catch up with Dayang

Posted by 5354_ > 2023-08-25 11:47 | Report Abuse

Why drop on good QR? Is it GPS must pullout from Unity Govn?

Posted by NinjaInPyjamas > 2023-09-17 02:55 | Report Abuse

Anyone working in OFS here? Is the industry lacking in technical staffing locally? Any updates or news on SK433?

Posted by daretocutandchange > 2023-09-17 08:51 | Report Abuse

lagged behind to other oil n gas , uzma and carimin already broke three years high.

Posted by NinjaInPyjamas > 2023-09-17 11:34 | Report Abuse

But management quality, balance sheet, cashflows and dividends are better than carimins and Uzma's

Posted by daretocutandchange > 2023-09-17 12:06 | Report Abuse

be patient,or else ovh can watch out too if dare to ............

Posted by mrcrab > 2023-09-18 15:54 | Report Abuse

Laggard

Posted by bullrun168 > 2023-09-19 11:01 | Report Abuse

Horrey, Super damn hot Penergy today !

Now Penergy already at
0.945 (+0.025) (+2.7 %)

Posted by NinjaInPyjamas > 2023-09-19 12:49 | Report Abuse

Shouldn't be hard to surpass Yr2019 earnings, either this year or next whilst getting more jobs on the way.

Posted by daretocutandchange > 2023-09-19 13:02 | Report Abuse

third times touch 94.5cts,hope can go to north.

Posted by cheoky > 2023-09-19 23:20 | Report Abuse

looking for freelance welders. too many jobs to cope.. can you be like bro dayang?

Posted by pang72 > 2023-10-15 12:54 | Report Abuse

pang72

Because long term oil will drop as agreed by opec.. Weak demand next year

Posted by 5354_ > 2023-10-15 16:08 | Report Abuse

Still a laggard. PM-X not scared GPS(TPM Fadillah Yusof brother ctr) pullout from unity govn?

Posted by LCLY > 2023-10-17 07:57 | Report Abuse

Today will up 10%. RM1.20 by next week

Posted by Jnlee > 2023-10-20 17:36 | Report Abuse

going to Rm1.....

Posted by 5354_ > 2023-11-24 22:30 | Report Abuse

3 sen dividend announced better than Dayang 1.5 sen despite >80 sen cheaper.

Posted by daretocutandchange > 2023-11-24 23:40 | Report Abuse

excluded 12m impairment eps should be 8.8cts this quarter

Posted by SincereStock > 2023-11-27 09:03 | Report Abuse

entered this counter for the first time at open price 0.885

Posted by SincereStock > 2023-11-27 09:04 | Report Abuse

fundamental good O&G counter, definitely better than DAYANG especially in the espect of PE and DY

Posted by SincereStock > 2023-11-27 09:05 | Report Abuse

stock price should be on par with DAYANG, trading at half of DAYANG price means this stock super undervalued