Posted by henryecko > 2013-01-26 11:34 | Report Abuse

i would rather say strong support at 1.1

Posted by kcfan > 2013-01-28 23:36 | Report Abuse

Enjoying a reversal of fortunes, management is scouting for more regional work in markets such as Thailand, Indonesia and Vietnam. Its current fleet consists of 14 newbuilds from its fleet renewal programme that was completed in 2011. Perdana is set to add two new assets, namely a work barge and a work boat, as it bids for the HUCC packages.

Posted by minitrader > 2013-01-30 08:57 | Report Abuse

hi kcfan, are u an O&G analyst? Sounds like one...

Posted by jeje > 2013-01-30 11:07 | Report Abuse

Hopeful or hopeless?

Posted by minitrader > 2013-01-30 11:26 | Report Abuse

hopeful ...now is bottom fishing when others dump...when can u get low prices? that's when others panic dumping...don't see the drop in share prices as negative. See it as an opportunity to accumulate at lower prices...when prices starts recovering after GE13, that'd be too late to see low prices again...

Posted by humbled > 2013-01-30 17:34 | Report Abuse

Bought some after the discount. Hopefully this is the bottom....

Posted by humbled > 2013-01-30 17:36 | Report Abuse

Agreed with minitrader that this is opportunity to collect for some...

Posted by usry > 2013-02-04 17:15 | Report Abuse

Not found any support level yet. If no improve- look like we
need to wait until GE13 finished..

Posted by usry > 2013-02-04 17:18 | Report Abuse

2 month of waiting- very totured our psycology..

Posted by bullish4i > 2013-02-06 12:34 | Report Abuse

Why perdana is going down? Is there any insider risk? I dont see any fundamental issue with this company. Then why people are selling?

Posted by minitrader > 2013-02-06 12:39 | Report Abuse

GE factor mahh...no change in fundamentals...funds giving excuses for the selldown...not only perdana but the entire mkt is jittery...

Posted by jeje > 2013-02-06 15:15 | Report Abuse

That means watch only don't trade, wait till GE over?

Posted by minitrader > 2013-02-06 15:23 | Report Abuse

u can't trade in a bear mkt, whatmore contra...u need to buy n hold, n wait till GE is over

Posted by minitrader > 2013-02-06 15:25 | Report Abuse

got eyes...watch n see
got ears...listen
got mouth...keep quiet...

Posted by bullish4i > 2013-02-06 16:38 | Report Abuse

i bought at 1.16 few weeks back. did u advise to stop lost or keep?

Posted by zack_liza > 2013-02-06 16:47 | Report Abuse

to me sell now bcoz today this stock drop below support RM1.05... so tomorrow can drop below RM1.00..may b RM0.95....

Posted by lmf_hau > 2013-02-06 17:16 | Report Abuse

Bullish4i:-

Perdana strong support line 1.10 broken today.
It bearish trend just begin. Please alert.

To cut or hold , it purely depends on u holding power.

I also burn hand as bought this yerterday , sold today afternoon as bearish drop...

Now has to wait patiently for the end of bearish , which could be 2 - 3 months no rising trend too ... sad , sad , sad ,

Posted by minitrader > 2013-02-06 17:19 | Report Abuse

:(

Posted by minitrader > 2013-02-06 17:19 | Report Abuse

blood bath...

Posted by minitrader > 2013-02-07 10:30 | Report Abuse

HLIB...today 7 Feb 13

PERDANA: Grossly oversold with key supports near RM0.98-1.00

§ After the selldown, PERDANA is currently trading at a 10x FY13 P/E (in line with its 5-year average), hence further significant downside risk is limited. We see further price weaknesses as opportunities to accumulate for risk takers in anticipation of a relief rally. Immediate supports are situated near RM0.98-1.00. FR). Immediate resistance levels are RM1.08 (50-d SMA), RM1.10 (76.4% FR) and RM1.14 (30-SMA). Further breakout above RM1.14 will spur greater upside towards RM1.17-1.20 zones. Cut loss below RM0.97.

Posted by yazid7655 > 2013-02-22 01:56 | Report Abuse

Yeehh...sell it....

Posted by yazid7655 > 2013-02-22 16:08 | Report Abuse

no.... because of J.E

Posted by Ghaleon Teoh > 2013-02-22 17:30 | Report Abuse

JE??

Posted by lmf_hau > 2013-02-22 18:17 | Report Abuse

J=Japanise ?
E=Elephant ?

Posted by yazid7655 > 2013-02-23 17:42 | Report Abuse

hahahaha.....

Posted by emierhelmee > 2013-02-25 10:49 | Report Abuse

SWEETNESS...

Posted by minitrader > 2013-02-25 10:53 | Report Abuse

Perdana has been up since the 4 days now...:)

Posted by lmf_hau > 2013-02-25 11:10 | Report Abuse

its Mother : Dayang , added position on Perdana on 05 & 06.02.2013 (2 &3), px around 1.03 - 1.10 , nearly 5% , something is on , pls look,,,
_______________________________________________________________________

but now ,, some 1 keep selling at 1.14 , piece by piece of 200 , 400 , 500 slowly ,
I m worry it is trap ....

Posted by rxo2626 > 2013-02-25 11:55 | Report Abuse

volume sikit je

Posted by minitrader > 2013-02-25 12:42 | Report Abuse

Perdana makes my day...

:)

Posted by usry > 2013-02-25 12:44 | Report Abuse

Tomorrow Perdana & Dayang expect to announce financial report..
currently Dayang down but Perdana up... Don't know what game they play..

Posted by lmf_hau > 2013-02-25 12:45 | Report Abuse

Minitrader ,

Did u tested the water this morning ??
I just done.... something very cold, looking forward to find out.
__________________________________________________________________

Are u still holding u GOcean..??
It seem coming , only volume too low , I m waiting for buy sign confirmation.

Posted by lmf_hau > 2013-02-25 12:47 | Report Abuse

Usry ,

R u sure both Co. 4Q12 results coming out tomorrow ??
Any link can share ??

I searching around the analyst report , but yet to mention.

Posted by usry > 2013-02-25 13:45 | Report Abuse

Bro imgf_hau: pls read the report date 7/2/12: perisai to kick final quarter result.
The article also mention that perdana & Dayang will announce their report on 26 feb.

Posted by lmf_hau > 2013-02-25 14:44 | Report Abuse

Usry ,
Thanks alot...

Posted by minitrader > 2013-02-25 16:16 | Report Abuse

Imf_hau...i bought last 4 days...taking profit now...

Posted by lmf_hau > 2013-02-25 16:37 | Report Abuse

Minitrader,

Good, at least ensure $ in the pocket 1st.

Posted by minitrader > 2013-02-25 16:56 | Report Abuse

can't be long in this kind of mkt

Posted by angkor > 2013-02-25 17:32 | Report Abuse

lose money again in latest quarter..

Posted by lmf_hau > 2013-02-25 17:40 | Report Abuse

Perdana

4Q12 lose -15m , EPS -3.19c,
Yr12 total lose 3.668m , EPS -0.74

tomorrow , maybe gap down ,,,,,,

Posted by sephiroth > 2013-02-25 18:04 | Report Abuse

Excluding the
impairment loss on asset classified as held for sale of RM27.7 million and RM39.3 million in
the current quarter and fourth quarter of year 2011 respectively, the group has reported a
profit before taxation of RM12 million in the current quarter, a significant improvement from
the loss before taxation of RM12 million in the same quarter last year.

Posted by usry > 2013-02-25 19:54 | Report Abuse

To early they announce the result.. ? I also not joint.. Afraid of GE. May be afGE will take position.. So it mother (Dayang)also will down tomorrow.. Today close

Posted by usry > 2013-02-25 19:55 | Report Abuse

Today Dayang close 2cents higher..

Posted by henryecko > 2013-02-25 22:51 | Report Abuse

lose money + uncertainty of GE = down down down...

Posted by lmf_hau > 2013-02-25 23:16 | Report Abuse

Sephiroth,

Thanks for the analysis , I yet to look into PnL details.

But , during bearish mkt , any bad news , will kill the stock px rising mood.

Hopes the share px would not "Gap Down" badly tomorrow.

Today.
Perdana +4c , 1.15
Dayang +2c , 2.39

Posted by lmf_hau > 2013-02-25 23:23 | Report Abuse

Sephiroth, I saw u name in cari.com , is that u ?

Posted by sephiroth > 2013-02-25 23:37 | Report Abuse

Nope

Posted by minitrader > 2013-02-26 12:00 | Report Abuse

osted by lmf_hau > Feb 25, 2013 12:45 PM | Report Abuse

Minitrader ,

Did u tested the water this morning ??
I just done.... something very cold, looking forward to find out.
__________________________________________________________________

Are u still holding u GOcean..??
It seem coming , only volume too low , I m waiting for buy sign confirmation.
...................................................................

still holding...caught and misled by wrong advice

Posted by minitrader > 2013-02-26 12:15 | Report Abuse

PERDANA FY12 FINAL RESULTS REVIEW
Source: HLIB

Shine Like a Diamond
Results  In line: After adjusting for a RM28m write down on vessels,
core earnings swung from a loss of RM30m to a profit of
RM24m in FY12, making up 99% and 90% of HLIB and
consensus core earnings estimates, respectively.
Deviations  None.
Dividends  None.
Highlights  FY12 revenue increased 1.4% yoy due to higher utilisation
and charter rates which was partly offset by Lower capacity
from the sale of unprofitable vessels.
 Sequentially, core earnings decreased 22% due to lower
vessel utilisation. 4Q is typically week due to the start of the
monsoon. However, we were encouraged by 3Q12 core
earnings swinging to a profit of RM12m from a loss of
RM47m in 3Q11.
 The increased utilisation from 69% to 85% yoy, despite the
start of the monsoon season reaffirms our view that the OSV
market is in a cyclical upswing as capacity overhang
evaporates. Recall on 7 & 8, Jan Perdana secured RM0.5bn
in contracts which locked in 100% charter for 50% of the
AHTS fleet. Thus, we see little problem maintaining high
utilisation rates for 2013 and beyond. With the possibility of
most of the fleet locked into long term contracts, growth from
new vessel acquisition will become increasingly viable and
likely.
 As Perdana’s earnings clarity continues to shine like a
diamond, complete privatisation becomes increasing
attractive. Few OSV players, if any, offer the range of
vessels, management experience or economies of scale as
Perdana. The upswing in the OSV sector is exacerbated by
intensifying domestic offshore activities and independent of
the political landscape. An additional catalyst is an estimated
RM10bn of offshore hook up and commissioning and topside
maintenance work (includes an estimated RM2.5bn pan
Malaysia brown field maintenance and HUC contract with
shell) which Perdana is co-bidding for with Dayang.
Risks  Global recession hitting O&G price; Business and
restructuring execution failure; and Increase in OSV supply
Forecasts  Largely unchanged.
Rating BUY (
)
 Positives –
 Demand drivers improving.
 OSV supply relatively inelastic.
 Earnings inflection as restructuring nears completion.
 Negatives –
 Increased competition for growth markets.
 Complexities of restructuring.
Valuation  Maintain a BUY call and TP of RM1.70 based on an
unchanged 14x FY13 EPS of 12.1 sen/share.

Posted by minitrader > 2013-02-26 12:20 | Report Abuse

Summary Earnings Table
FYE Dec (RMm) 2012 2013E 2014E 2015E
Revenue 260 313 323 358
EBITDA 74 112 117 136
PATAMI -4 55 63 84
Core Earnings 24 55 63 84
EPS 6.9 12.1 13.9 18.4
P/E (x) 16.6 9.4 8.2 6.2
P/BV (x) 1.03 0.93 0.84 0.74
ROA (%) 3.8 6.9 7.3 8.8
ROE (%) 5.4 10.9 11.3 13.2
HLIB