Result for 1 Qtr 2014 is out. Almost same level as last year corresponding but with lower revenue - drag down by shipbuilding division. Ship chartering revenue up more than 50% and generating profits now.
1-2 months should be above 70cents, end of the year then 1 dollar,purely predict, 2 cents. oil and gas huat huat!! chartering up up, shipbuilding scrap scrap...
SIB Group performed reasonably well this year as it achieved profit after taxation of RM13.6 million on the back of a revenue of RM208.7 million for the FYE2013. This is indeed a turnaround as compared to the loss after taxation of RM9.1 million and revenue of RM121.4 million chalked up in the preceding year. SIB Group’s gross profit for the year amounted to RM57.0 million, representing a significant increase from the RM36.4 million realised in 2012. Revenue from our chartering division continued to scale new highs in 2013 posting RM115.7 million for the year, a commendable increase of 17% as compared to 2012. This largely resulted from the deployment of more vessels as well as higher utilisation of vessels to meet market demand. Not to be undone, the shipbuilding division performed better in 2013 as compared to 2012 as a result of higher level of operational activities and more vessels sold. Our shipbuilding operations managed to turn around in 2013, attributed largely to the continual operational and cost improvement measures implemented over the last two years
The oil and gas industry in Malaysia has been on the uptrend and robust for the last few years, mainly due to strong support from Petroliam Nasional (“PETRONAS”). PETRONAS had, in 2011, announced that it would be spending RM250 billion, largely on capital expenditure for exploration, development and production activities, besides the replenishment and revitalisation of the matured production assets. During that same year, PETRONAS revised its capital expenditure commitment upwards to RM300 billion as it aimed to recover 1.7 billion barrels of oil and oil equivalent (boe) over the next 20 years by developing marginal fields and enhancing the oil recovery (“EOR”) ratio in existing fields from the current 26% to 40% over the next five (5) years. (CIMB Research)
it is coming now... better join the boat before too late... i have been holding this share 2 months ago... waiting to reap some benefit of it... heard only... that it will grow to support level of 0.80
yeah taka.... hope this share will slowly pick up the vroom effect... there is nothing to reflect the shares values as nothing much news been out .. however, if the shark decided to make it... it will not make just a few cent... i am waiting patiently
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 325 views | 2 d ago
0:17
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 11581 views | 10 d ago
0:17
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....
Yunnan
404 posts
Posted by Yunnan > 2014-05-21 20:07 | Report Abuse
Result for 1 Qtr 2014 is out. Almost same level as last year corresponding but with lower revenue - drag down by shipbuilding division. Ship chartering revenue up more than 50% and generating profits now.