(Kuala Lumpur 3 hearing) SYSCORP, 5173, motherboard and trade services group to 4.9 billion rupiah (about 135 million ringgit) in cash to acquire a 49% stake in PT KeranaLine PT Baruna Adiprasetya (BAP) is. BAP engaged arrange shipping, freight forwarding and customs broker services. This acquisition is in line with Sun's shipping business to expand in the international shipping market strategy. UMW OG, 5243, motherboard trade clothing group announced that the company achieved a total value of 20 million dollars (about 6,000 4 million ringgit) contract to provide a lifting rig and related oil field services in the Philippines. The company statement said the company wholly-owned subsidiary - UMW offshore oil drilling, Ltd., Frontier oil agencies get contracts awarded in the above order in the Philippines Bali Lavan's offshore oilfields KJF SC50 seat KJF-1 and KJF-2 facilities provided lift rigs and related services. Proclamation that the company will use the new UMW NAGA-7 rig equipment in the above contract, which is manufactured in Shenzhen, China. The above construction contract for a period of 120 days, with a further option to extend for 180 days, and commence in mid-January 2015.
Upcoming Catalyst While the shipping rates had been low, SYSCORP focus in ship building, repair and maintenance had been a contributing factor for the revenue. SYSCORP will be relocating resources and focus in the ship building, repair and maintenance sector. SYSCORP is also being rumored to receive a few ship building contract worth more than RM 100m from a oil and gas company for a high end vessel.
I believe SYSCORP will be a good potential company to invest - Direct and indirect benefits from multi-billion SCORE program - Involvement in the robust oil and gas industry. - Involvement in ship building, repair and maintenance. Ship repairs had been a growing demand, which underline SYSCORP major revenue. - Growing palm oil/timber out put in Sarawak and Sabah - Trading at a discount of 44% from it's NTA of RM 0.93 - Award of ship building contract that is slated for 2H 2014
This co has high gearing & very low earnings (in fact cash earnings is negative). Fundamental is not attractive at all...pass. Wish all the best to you all.
Beware of 1 forum sifu here he is now on payroll by cindy cat to promote, pumb, dump. Following salahwat dali formulae. I was told by reliable chili source
maybe i bought toooooo early.......judging from the news,it cld take 6 mths before increased revenue can be seen....i maybe wrong.how long to build a ship ? add payment terms ..
wow .......then the profits will only be realized 2 years later ? Meanwhile , overhead continue....Profit margin must be high....today up 2 cts...quite happy for u folks
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cherry tomato
1,880 posts
Posted by cherry tomato > 2014-07-04 16:12 | Report Abuse
yesterday Ipmuda; today SYSCorp.
BONESCYTHE TQ VERY MUCH