Petronas’ Activity Outlook for 2019-2021 portrays growth in brownfield activities particularly in rigs category and its supporting services, marine vessels. Base activities in maintenance is projected to increase for both onshore and offshore in tandem with this outlook. Research also indicates that the upward revision in most upstream sub-segments’ activities could be due to the delayed work orders last year being pushed to 2019 which may potentially lead to better contract flows and further provide order-book replenishment opportunities for the supporting sectors. The Group believes that the steady oil price recovery in recent months have led to the increase of activities in the offshore segment. Such optimism is expected to boost the number of projects approved which will also represent opportunities for the Group. The oil and gas sector is expected to continue on a recovery path with upstream companies gradually stepping up production and boosting other firms involved in the industry. According to Kenanga Research, tendering activities have been on the rise and oil majors are reviewing projects suggesting that they are relatively more upbeat on the upstream sector following the stabilisation of oil prices. The Group will continue its emphasis on its core activities of ship building, ship charter and ship repair. The Group’s shipbuilding division will be looking towards building vessels which have a niche market as well as enhancing its docking (ship repair) facilities, whilst continuous efforts will be taken towards optimising capacity utilisation of the Group’s vessels. The Group is also looking at building new vessels that are more energy efficient and environment friendly, in line with tighter environmental regulations in the maritime industry. With the ongoing initiatives in sustainable cost rationalisation and exposures, we believe the Group is well positioned to tide over the current business challenges, of which the worst seem to be over.
Calvin focus on your own stocks only la. Going around all over the place, left, right & centre, here, there & everywhere, running down other people's favourite stocks, not such good form la, kawan.
Each and everytime also he suggest people buy and keep the share.. He say 3 years and 3 months later only will grow high up. Not profit now. So dump all your money in and wait 3 years.. kahkahkah
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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....
ramada
3,955 posts
Posted by ramada > 2019-03-14 19:29 | Report Abuse
Uptrend on RM0.15, TP at least RM0.30 to RM0.45.