Posted by coffeepimple > 2014-02-14 15:29 | Report Abuse

huat ah !!! last day huat ah !!

Posted by soccerking82 > 2014-02-17 10:53 | Report Abuse

Wa exercise price only 71 sent, now mother 1.93, son 1.2....Son undervalue la...go go for son

Posted by asoh > 2014-02-17 12:47 | Report Abuse

Well average TP for this year is 2.20 with Maybank the latest at 2.55 when its was 1.72. Now the next hurdle is 2.00 with EPF cease disposing after announcing dividend.......hope very soon.

Posted by Saturn > 2014-02-17 16:52 | Report Abuse

Holding well

Posted by coffeepimple > 2014-02-17 22:21 | Report Abuse

hold very well on this stock although keep thining of changing to dsonic. TT

Posted by pasarborong > 2014-02-18 10:31 | Report Abuse

What happen so high up this morning?

Posted by soccerking82 > 2014-02-18 11:13 | Report Abuse

need to break $2 resistant before fly again... add oil

Posted by nicky > 2014-02-18 12:24 | Report Abuse

damn... ot warrant at Rm1.23,...stuck

Posted by nicky > 2014-02-18 12:28 | Report Abuse

KNS... from RM2.00 to RM1.92 within an hour

Posted by _beginner_ > 2014-02-18 23:23 | Report Abuse

maybe it will go down later...siao liao when looking at this chart..:p

Posted by nicky > 2014-02-20 05:56 | Report Abuse

Going to hit RM2.20

Posted by james18 > 2014-02-23 19:37 | Report Abuse

Hope so....hit 2.20 untung.

Posted by Stockmaster69 > 2014-02-25 20:17 | Report Abuse

Very good result only a deception. The only truth are facts.

Posted by olehlehshare > 2014-02-26 10:20 | Report Abuse

Financial year end net profit 61.978 million

Posted by BURSAMASTER > 2014-02-27 05:49 | Report Abuse

Period  4Q13/FY13

Actual vs. Expectations Perdana Petroleum’s (PERDANA) reported 4Q13 net profit of RM21.3m brought FY13 net profit to RM61.1m. This is above both our (RM55.1m) and consensus (RM52.4m) full-year expectations at 110.9% and 117%, respectively.

 Higher-than-expected margins on the back of cost savings from the divestment of its older vessels were the main factors for the variance to our forecast.

Dividends  No dividends were declared as expected.

Key Results Highlights QoQ, net profit was up 37.4% mainly due to: (i) commencement of long-term contracts from Dayang Enterprise (DAYANG, OP; TP:RM3.10); and (ii) better PBT margins as a result of costs savings from the disposal of its older units.

 YoY, PERDANA locked in significant improvements (+ 81.3%) in 4Q13 net profit, again mainly due to the factors mentioned above.

 YTD, it is evident that PERDANA has now shed the troubles of the previous year. Utilisation had improved to 80% (from 77% in 2012).

Outlook  Medium-to-long-term prospects are stable on the back of PERDANA’s long-term contracts (15 OSVs).

 Currently, only three vessels (one accommodation barge and two 5k AHTSs) are on spot charters and PERDANA is confident of securing recurring contracts for such vessels given the OSV upcycle.

 Longer-term prospects will hinge on PERDANA’s future fleet expansion which we believe management will broach after it mobilises all vessels needed for the DAYANG project by next year.

Changes To Forecasts We have fine-tuned our FY14 net profit by +9.5% largely to account for a reduction in our effective tax rate to 5% (from 10%) as we were previously too aggressive.

 Given that investors are now looking forward to longerterm prospects for the oil and gas sector, we are introducing our FY15 net profit forecasts of RM115.9m which features an EPS growth of 15.9% on the back of:

(i) full-year contribution for two more work barges that will be received in 2014 and (ii) 90% utilisation for PERDANA’s spot charter vessels.

Rating Maintain OUTPERFORM

Valuation  Our new target price of RM2.47 (from RM1.95) is based on an unchanged target PER of 15.5x (in line with PERDANA’s +1.5 historical standard deviation forward level seen on top of its average mean in 2006-2008) on CY15 EPS of 15.3 sen.

Risks to Our Call

 (i) Lower-than-expected daily charter rates and utilisation rates and (ii) sudden downturn in crude oil prices that could adversely impact the offshore oil and gas services industry.

Source: Kenanga

Posted by BURSAMASTER > 2014-02-27 07:41 | Report Abuse

COLLECT SLOWLY AS IT MOVES UP

Posted by oasischeah > 2014-02-27 16:54 | Report Abuse

Can buy if it goes to RM1.85.

Posted by tssl74 > 2014-03-05 11:27 | Report Abuse

Why Perdana doesn't pay good dividends?

Posted by BURSAMASTER > 2014-03-11 22:35 | Report Abuse

coming this fin. year

Posted by coffeepimple > 2014-03-17 08:40 | Report Abuse

hold buy sell?

Posted by novice8 > 2014-03-20 21:09 | Report Abuse

hi bursamaster, still can buy? tq

Posted by ch > 2014-03-21 09:20 | Report Abuse

Local fund is buying...

Posted by ch > 2014-03-21 09:20 | Report Abuse

EPF keep collecting..

Posted by TaFaTa > 2014-03-24 16:33 | Report Abuse

waaah rocket laa :)

Posted by coffeepimple > 2014-04-01 23:19 | Report Abuse

ini apa macam

Posted by chipster1234 > 2014-04-11 16:10 | Report Abuse

which one is better? perisai or perdana?

Posted by BURSAMASTER > 2014-04-13 22:00 | Report Abuse

PERISAI IS BETTER

Posted by weijian > 2014-04-14 19:02 | Report Abuse

Why perisai is better?

Posted by wise_sheep > 2014-04-15 17:27 | Report Abuse

b'cos high speculation, but gearing is high ,is a minus point, perdana steady income, waiting to break resistant very soon

Posted by BURSAMASTER > 2014-04-16 06:45 | Report Abuse

Buy perdana today.

Posted by coffeepimple > 2014-04-17 16:20 | Report Abuse

one of the gem that undiscovere by public.

Posted by wise_sheep > 2014-04-22 17:17 | Report Abuse

giant is waking already

Posted by Tom > 2014-04-29 17:07 | Report Abuse

MAMEE!!!!!

Posted by MAMEE MONSTER > 2014-04-30 12:35 | Report Abuse

EAT MAMEE is better. Where is that "chung"? Long time no see you

Posted by MAMEE MONSTER > 2014-05-04 21:28 | Report Abuse

WHERE IS "CHUNG"???

Posted by Ayam MAMEE > 2014-05-06 17:28 | Report Abuse

好!!

Posted by Perdana_MAMEE > 2014-05-08 15:15 | Report Abuse

Thank you "Chung" very much.

Posted by MAMEE MONSTER > 2014-05-08 22:38 | Report Abuse

Still remember me?

Posted by MAMEE MONSTER > 2014-05-08 22:38 | Report Abuse

I AM MAMEE

Posted by Ayam Sunyi > 2014-05-13 12:23 | Report Abuse

I AM AYAM TUA. BUY NTPM!!! BUY HEXZA!!!!

Posted by olehlehshare > 2014-05-19 17:56 | Report Abuse

what happen? offer? sales?

Posted by njue76 > 2014-05-19 19:20 | Report Abuse

EPF make money .....buy cheap....

Posted by chiohock > 2014-05-19 21:36 | Report Abuse

Can we buy...

Posted by Kucing > 2014-05-20 14:55 | Report Abuse

SELL PERDANA, BUY AHB,

Posted by calow1 > 2014-05-20 15:33 | Report Abuse

why prices kept falling? is it quarterlies going to be RED?
or operator pushing it down ah? can collect at this price?

Posted by Tanker > 2014-05-20 18:36 | Report Abuse

collect collect

Posted by chiohock > 2014-05-21 20:32 | Report Abuse

Good news contact extended..approx..RM30million..

Posted by VIWizard > 2014-05-22 14:47 | Report Abuse

can buy at this price?

Posted by akmal_rf > 2014-05-22 15:40 | Report Abuse

Good to buy at RM1.80

Posted by BURSAMASTER > 2014-05-23 11:33 | Report Abuse

Perdana Petroleum - Business as usual
Date: 23/05/2014

Source : MAYBANK
Stock : PERDANA Price Target : 2.55 | Price Call : BUY
Last Price : 1.80 | Upside/Downside : +0.75 (41.67%)

Back

1Q14 net profit was within our and consensus forecasts, reflecting a steady rise in utilisation rates.

Perdana is our preferred OSV pick, for it offers stronger visible earnings growth and improving financials.

Maintain BUY with a TP of MYR2.55 (15x FY15 PER).

What’s New
1Q14 core net profit of MYR22m (+2% QoQ, +102% YoY) made up 22%/24% of our/consensus full year forecasts. The underlying QoQ growth was driven by: (i) higher OSV utilisation rates of 89% (vs. 84% in 4Q13) on higher charters for its 300pax workbarge, Perdana Enterprise, from Mar 2014 and (ii) maiden contributions from 2 new OSVs (Perdana Protector and Resolute; 300 pax workbarges), which were chartered to Dayang on 5+1 year contracts, effective Jan 2014 and Feb 2014 respectively.

What’s Our View
With 1Q typically associated with seasonal softness, we expect stronger quarters ahead, on improving utilisation levels and the planned increase in the OSV fleet size in 2014. Perdana’s recent two OSVs in 1Q (i.e. Protector and Resolute) should recognise full earnings contribution from 2Q while it is scheduled to charter out Enterprise and take delivery of another new workbarge, Perdana Emerald from 4Q14.

Our forecasts are unchanged. Perdana is a steady growth stock (we forecast 41% 2-year earnings CAGR) with improving financials. We do not rule out the possibility of it expanding its fleet size beyond 18 units by end-2014. It has the capacity to add 2-4 new OSVs. 2 new work barges could conservatively lift its earnings by MYR18m- 28m p.a. while capping net gearing at 1x (0.6x now), we estimate. Also, successfully converting the remaining 4 OSVs (of 10k bhp AHTS each), currently under the sales & leaseback schemes to full ownerships could further improve its bottomline.

Source: Maybank Research - 23 May 2014