Congratulate for those who bought Dayang Enterprise(5141). Today the crude oil price is 45usd per barrel and it continue to climb, expect to reach 50USD per barrel soon. If we compare with the share price for Dayang Enterprise(5141) on 26 of Feb 2020, the share price was RM2.74 when the crude oil price was 45usd per barrel as well. Buy it now before it rise further. Cheers.
Petronas expected to increase prudency in spending says Kenanga Investment Bank This would lead to lower activity level and would be the most impactful to local centric contractors which derived most of its earnings in Malaysia such as Dayang Enterprise Holdings Bhd. Petronas posted a net loss of RM3.4B in Q3 ending September 2020. Be very careful going forward.
Share price move base on future prospects. Will Petronas continuing Capex cut in 2021 and 2022? Will it not reduce the cut is oil price stay above usd50?
the only way to look forward is to generate more revenue. there is no reason for petronas to cut CAPEX given the recovery prospect ahead. they are means to provide funding to the Government . net loss can be used to offset future profit , meaning no tax is payable , what is saved will be distributed as dividend to the Government .
Today Armada Fossil Fuel Battleship has breached 33 sen with 120 million shares traded. Likewise her rival, TDM Biofuel Plantation has also breaches 33 sen with 69 million shares traded. Today both the sailors and farmers are rejoicing the great progress. Slowly but surely both will break 40 before the end of this year
Let's see which one will cross 40 sen first...Biofuel or Fossil Fuel?
Similarly there is a race goiung on between FGV Plantation and Dayang Battleship.
Today FGV closed RM 1.25 while Dayang closed at RM 1.22 with also good volume
Let's see which one will cross RM 2 first...Biofuel or Fossil Fuel?
These two races will be very interesting to watch...
Biofuels and fossil fuels are both made from once living matter. They are also both used to produce heat and electricity as well as to power vehicles and generators around the world. They also produce significant carbon emissions and the sustainability of their continued use is questionable in light of their effects on the environment.
As Mabel mentioned yesterday, there are two races going on until end of this year.
Checker Flag 40 - Race between Armada and TDM Checker Flag 200 - Race between Dayang and FGV
Status 3rd December 2020 - Checker Flag 40
Fossil Fuel Armada Battleship has already breaches 34.5 with more than 105 million share traded. Biofuel TDM Plantation has already breaches 33 with 27 million shares traded.
Status 3rd December 2020 - Checker Flag 200
Fossil Fuel Dayang Battleship has already breaches RM 1.27 more than 16 million share traded. Biofuel FGV Plantation has already breaches RM 1.26 more than 6 million share traded.
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....
joyvest
10,498 posts
Posted by joyvest > 2020-12-01 16:58 | Report Abuse
OPEC is to curtail supply and let the price recover ......