Q1 result always weak comparatively in recent years. I have confidence that they will change this trend with stronger O&G activities as quoted in their perspective comment.
The least 1st qtr losses in last 5 years. Still optimistic about their subsequent quarters as long as the big players like Petronas continue the Capex investment that benefit the related industry players.
AGM on Thursday and establishment of 30% dividend policy meaning to conserve fund to buy back Penergy shares? Drop today meaning less fund need to use to buy back Penergy shares?
I am intrigued by their quarterly reports. Every 1st quarter also reported lost but this time better than the last two years result. Maybe incurred losses due to year end maintenance costs.
Osv 1st quarter tend to record lower profit. Perdana also show the same trend. Key field Osv can remain taking the job due to different anchoring system.
Every year this counter make lose could be due to bad weather in south east china specially monson weather cause the work in sea slow down. Right after this monson session months over the financial reports all good.
The price trend like reflecting there are too many OSVs in the market, no oil from Sk433 and Banang Late Life Assets PSC or oil price revert back to USD 20-30 per barrel. But the fact is totally opposite.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2877 views | 2 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
Learner68
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Posted by Learner68 > 2024-04-11 13:50 | Report Abuse
Q1 result always weak comparatively in recent years. I have confidence that they will change this trend with stronger O&G activities as quoted in their perspective comment.