Posted by Yazid Gonzales > 2012-04-08 10:08 | Report Abuse

ye..ye...je la OSK nie

Posted by lim elayne > 2012-04-17 11:19 | Report Abuse

this stcok can buy kah, any opnion ?

Posted by tiewyong > 2012-04-17 12:19 | Report Abuse

cannot , 3years EPS-CAGR ( NA )

Posted by yazid7655 > 2012-04-17 14:02 | Report Abuse

no....until perdana thinks that they want to expand something

Posted by lim elayne > 2012-04-17 15:03 | Report Abuse

thank you for the advise

Posted by yazid7655 > 2012-04-23 13:10 | Report Abuse

TP 0.50

Posted by Yazid Gonzales > 2012-04-26 23:39 | Report Abuse

Perdana have a good news...be ready

Posted by Mat Cendana > 2012-04-28 12:05 | Report Abuse

Perdana selling Petra Energy. The latter has gone up but not by too much (at 1.14). Its sale price at one times book value is 1.52. Both are worth watching. Where is Mohd Shuk - camana bro?

Posted by Yazid Gonzales > 2012-04-28 14:28 | Report Abuse

Mat Cendana: shuk takde, die join BERSIH 3.0....

Posted by Mohd Shuk > 2012-04-28 23:44 | Report Abuse

Hihi! Tgh Pening!

Posted by Mohd Shuk > 2012-04-29 02:37 | Report Abuse

Gua tak minat sgt perdana ni buat masa ini!

Posted by Mat Cendana > 2012-04-29 12:42 | Report Abuse

Based on its historical price, there doesn't seem to be much downside risk. Perdana is making losses and have debts but these are already well-known facts. The most attractive aspect is the tender for its share of Petra Energy of which it owns around 26% - that means money coming in, although a lot would be used towards paying off the debts.

I'm wondering which would be better - Perdana or Petra Energy?

Posted by sontoloyo > 2012-04-29 22:32 | Report Abuse

people buy share based on company's future earning ... kalau dah jual some business, short term gain on disposal usually not very attractive.

Posted by yazid7655 > 2012-05-18 09:47 | Report Abuse

yeah........

Posted by chong > 2012-06-08 01:21 | Report Abuse

Watch out for this counter. TP is 80 cents, a trading buy.

See what OSK writes.. A Turnaround is at Hand

Maintain Buy. Our fair value for Perdana remains unchanged at RM0.90 based on the existing PER of 12x FY12 EPS. Given that its share price had retraced quite significantly following renewed concerns over the European debt crisis, we advise investors to accumulate Perdana shares on weakness as we expect the share price to rebound when the company shows more concrete signs of a turnaround, especially after securing new jobs.


...and CIMB writes too.

Calmer waters ahead

Though Perdana’s 1Q net loss of RM8.2m was a letdown because of
low vessel utilisation, a profitable finish for FY12 is still within reach.
We also understand that good progress has been made on the tender
for the proposed sale of the company’s 26.9% stake in Petra Energy.
We cut our FY12-14 EPS for lower
revenue assumptions. Our target
price drops as we update our RNAV
calculation. Perdana remains a
Trading Buy as we expect the sale of
the stake to be a short-term catalyst.
We impute a 10% premium in our
RNAV calculation to reflect the
potential value of the stake to be sold.


Eyeing regional works
Excluding the seven old vessels which
were a drag on earnings, Perdana’s
fleet comprises 13 newbuilds from its
fleet renewal programme that began
in FY07 and was completed in Dec 11.
Equipped with this young fleet,
Perdana is scouting for work in
Thailand, Indonesia, Vietnam and
Myanmar.




......and....Selling its stake in Petra Energy

Posted by zamry zainal abidin > 2012-06-08 01:38 | Report Abuse

Too many stories but disappointing price............go..go

Posted by angkor > 2012-06-14 17:01 | Report Abuse

Today so high..

Posted by yazid7655 > 2012-06-17 22:24 | Report Abuse

maybe tomorrow will going more further n ging back to 95sen if anything happen

Posted by beginner > 2012-06-22 11:38 | Report Abuse

Selling stake in Petra Energy good for PERDANA ?

Posted by Mat Cendana > 2012-06-22 11:55 | Report Abuse

It *has* to sell due to its debts. Although Perdana will lose a profit-making company, at the same time its debt ratio will improve. Better sell when you are still in a strong position to bargain rather than during a more desperate time when Petra Energy might be sold at fire sale price.

Posted by yazid7655 > 2012-06-26 08:26 | Report Abuse

agree with mat cendana..Perdana has to sell their stake in penergy to recover n cut the co debts... it will improve the co financial position after this... let see the perdana offer price to waseong

Posted by E R > 2012-07-04 09:25 | Report Abuse

today's gap.. watch

Posted by yazid7655 > 2012-07-04 09:53 | Report Abuse

after this, 2Q perdana financial report will be profit.... yeah...

Posted by E R > 2012-07-04 10:04 | Report Abuse

and the sector also going to north

Posted by simonfish > 2012-07-04 12:47 | Report Abuse

pls support this counter, will fly soon. Good news will be out by petronas.

Posted by ramunia > 2012-07-04 13:06 | Report Abuse

Simonfish,what is good news from Petronas for this stock?

Posted by chong > 2012-07-04 14:40 | Report Abuse

coming soon

Posted by chong > 2012-07-04 14:48 | Report Abuse

OTHERS Perdana Petroleum Berhad (PPB) Subsidiary secures contract with Murphy Sabah/Sarawak Oil Co. Ltd
PERDANA PETROLEUM BERHAD
03/07/2012 05:13:21 PM

Type Announcement
Subject OTHERS
Description Perdana Petroleum Berhad (PPB)
Subsidiary secures contract with Murphy Sabah/Sarawak Oil Co. Ltd

Posted by azta12 > 2012-07-04 16:32 | Report Abuse

analyzing all the write ups and the recent developments,potentially strong for further upside,nizam razak connection, should be no problem with Petronas.

Posted by chong > 2012-07-04 17:56 | Report Abuse

Tomorrow reach 75 cents?

Posted by Eddie Lim > 2012-07-04 18:21 | Report Abuse

Hopefully.....

Posted by Eddie Lim > 2012-07-04 23:46 | Report Abuse

just checked the chart ... seem like a shooting star.... anyway keep our fingers crossed...

Posted by chong > 2012-07-05 04:02 | Report Abuse

It will shoot, that's for sure.....today's price?

Posted by azta12 > 2012-07-05 09:08 | Report Abuse

flying

Posted by beginner_1 > 2012-07-05 11:32 | Report Abuse

why flying oh? any special news?

Posted by yazid7655 > 2012-07-05 15:25 | Report Abuse

tak jugak la bro chong

Posted by chong > 2012-07-05 17:32 | Report Abuse

Bad bursa day but Perdana up by 1/2 cent, more to come.....see you at 80 cent??

Posted by tsejuie > 2012-07-05 17:40 | Report Abuse

Perdana-WA doesn't seem to have any interest today. Such a low volume. Have to wait to mother to shoot up before son gets interest again.

Posted by chong > 2012-07-05 18:01 | Report Abuse

Go for mother as she is more beautiful, hee, hee, hee

Posted by chong > 2012-07-05 18:04 | Report Abuse

Don't buy Perdana son WA as premium is very very high at more than 95%, susah to make money....go for beautiful mother instead as it will be sailing again soon.

Posted by yazid7655 > 2012-07-05 18:54 | Report Abuse

yeah... u have to usha the mother heart first before u get their son...

Posted by chong > 2012-07-05 23:17 | Report Abuse

PERDANA PETROLEUM BHD

By CIMB Research

Outperform (Upgraded)

Target Price: 86 sen

THE sale of Perdana's 26.9% stake in Petra Energy to Wah Seong is long overdue as it lost control of the latter in financial year ended Dec 31, 2009 (FY09). The block is valued at RM97mil, which is set to help Perdana trim its debt and return to profitability.

We raise our FY12 to FY14 earnings per share (EPS) to account for interest savings. Our target price increases as we update our revised net asset value calculation. Given that the stake sale is almost a done deal, removing the risk we had factored in earlier, and there is the possibility of a turnaround in second quarter of 2012, we upgrade Perdana from “trading buy” to “outperform”.

Perdana has signed an agreement to sell its 26.9% stake in Petra Energy (Not Rated) to Wah Seong (Outperform) for RM97mil or RM1.68 per share, 3.7% above Petra Energy's net tangible assets and Perdana's cost of RM1.62 per share (see our separate note on Wah Seong). The block was put up for sale through a restricted tender process in April.

We reiterate our positive view on the divestment, which is long overdue as Perdana lost control of Petra Energy in FY09 to Shorefield Resources, which has a 27.3% stake. Shorefield is owned by Sarawak-based businessman Datuk Bustari Yusof. Proceeds from the divestment will help Perdana reduce its borrowings and return to profitability. Of the RM97mil proceeds, RM65.5mil will be used to pare down debt, RM28.5mil for working capital and RM3mil for expenses. We expect net gearing to drop from 0.6 times as at March 31 to 0.4 times by end-FY12. For FY12-14, EPS is expected to be boosted by 3-6%, more than offsetting the associate income forgone. On top of that, Perdana is likely to return to the black in the second quarter after a string of quarterly losses. We note that substantial shareholder Dayang (not rated) has been buying actively.

We advise investors to accumulate. Marine support remains the weakest segment in the oil and gas sector but we are encouraged by Perdana's potential turnaround in the second quarter.

Posted by tand3 > 2012-07-06 19:42 | Report Abuse

Chong,
Perdana drop again... opportunity to buy at weak?
bottom support at 0.61....if break, revisit next level 0.55.
But the catalyst here is Perdana will turn Black hoepful in Q3.

Posted by beginner_1 > 2012-07-10 13:25 | Report Abuse

any comments for this counter?

Posted by yazid7655 > 2012-07-10 19:07 | Report Abuse

no news is a good news...

Posted by kilrathi > 2012-07-11 08:40 | Report Abuse

Perdana has been acquired alot by Tabung Haji .. what you expect ? Im looking at it breaking 70cents in coming days ..

Posted by yazid7655 > 2012-07-11 19:02 | Report Abuse

takde pun...

Posted by zamry zainal abidin > 2012-07-12 01:57 | Report Abuse

hmmmm..........heavy

Posted by Steven Lee > 2012-07-13 15:58 | Report Abuse

Coming?

Posted by tansrihew > 2012-07-13 16:02 | Report Abuse

taking off.............