it might open hot tomorrow but i must advise to sell first then buy back later. the core profit this quarter is actually very low. the RM20million that you see is mostly contributed by one-off impairment reversal and positive tax. but also need to be aware that 4th quarter is usually a weaker quarter because of less o&g activity during monsoon season. so sell first and buy back later if you want for future quarterly profits.
Reversal of impairment is a good sign that the Company is on track to recover. The worst is most likely over. Also share price is normally running 6 month ahead. I think the best strategy is buy and hold unless speculate.
KUALA LUMPUR (Feb 20): Oil and gas offshore marine service provider Perdana Petroleum Bhd has bagged a RM7.96 million contract from Petronas Carigali Sdn Bhd to supply one unit of anchor handling tug and supply (AHTS) vessel. In a filing with Bursa Malaysia on Monday (Feb 20), Perdana Petroleum said its wholly owned subsidiary Perdana Nautika Sdn Bhd has received a work order award from Petronas Carigali on Jan 27. Under the deal, Perdana Nautika will provide the AHTS vessel with crews and equipment. "The contract, which will commence on the vessel's on-hire certificate date, estimated on March 1 is for a duration of up to 245 days, with an option to extend for up to 30 days," it added.
"The contract is expected to contribute positively to the group's earnings and net assets for the financial year ending Dec 31, 2023." Perdana Petroleum shares closed unchanged at 18 sen on Monday, giving it a market capitalisation of RM399.44 million.
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Posted by k3nthiew > 2023-01-27 09:19 | Report Abuse
Wow! Perdana turn to play!