PERDANA PETROLEUM BERHAD

KLSE (MYR): PERDANA (7108)

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Last Price

0.37

Today's Change

+0.005 (1.37%)

Day's Change

0.365 - 0.375

Trading Volume

1,820,400


14 people like this.

7,126 comment(s). Last comment by spsampah 1 week ago

minitrader

2,273 posts

Posted by minitrader > 2012-12-11 13:22 | Report Abuse

looks like it ...

usry

1,202 posts

Posted by usry > 2012-12-11 13:48 | Report Abuse

Just sms my remiser. Q at 1.01.. For test market this pm session

Posted by Matsaham Mashuk > 2012-12-11 18:27 | Report Abuse

Mmm..price up.good.uptrend mode momentum will continue.resistance 1.03.smile--)

Posted by positive99 > 2012-12-12 09:59 | Report Abuse

1.03 now.. Moving up fast.

minitrader

2,273 posts

Posted by minitrader > 2012-12-12 16:53 | Report Abuse

:)...smile

Posted by Matsaham Mashuk > 2012-12-12 17:04 | Report Abuse

Cool--)price up.uptrend mode..smile--)

Posted by Wong Yi Shen > 2012-12-12 18:43 | Report Abuse

matsaham, your smile contagious laa...

minitrader

2,273 posts

Posted by minitrader > 2012-12-12 19:31 | Report Abuse

as long as money "Mashuk"..good enough for me...hehehe

Posted by Matsaham Mashuk > 2012-12-12 20:16 | Report Abuse

Mmm..good fundamental counter.follow trend not ppl.everybody should happy with the profits..smile--)

usry

1,202 posts

Posted by usry > 2012-12-13 10:16 | Report Abuse

Sold my Perdana 10 biji at Rm1.03 with small token.. Market not encouraging..
Will buy later if it down..

Posted by Matsaham Mashuk > 2012-12-13 17:27 | Report Abuse

Mmm..still uptrend.Resistance at 1.03..smile--)

Posted by BursaBullTrader > 2012-12-13 19:51 | Report Abuse

OxO... ^^ ...OxO :)

Posted by Matsaham Mashuk > 2012-12-14 19:43 | Report Abuse

Hmm..profit taking..uptrend.resistance at 1.03..smile--)

usry

1,202 posts

Posted by usry > 2012-12-16 18:17 | Report Abuse

Perdana.. will monitor u closely next week..

Posted by Hing Tiat Tan > 2012-12-16 21:16 | Report Abuse

price 20DMA. Up trend. Ascending triangle form wait for break up.

Posted by Wong Yi Shen > 2012-12-18 16:13 | Report Abuse

breaking out with volume

Posted by Matsaham Mashuk > 2012-12-18 16:42 | Report Abuse

Nice--)price up..smile--)

davesingh

2,088 posts

Posted by davesingh > 2012-12-18 16:43 | Report Abuse

matsaham mashuk u were right about PPB la

Posted by Matsaham Mashuk > 2012-12-18 16:50 | Report Abuse

Mmm..it is ok dave.follow trend and not ppl.cash is king.have a nice day..smile--)

minitrader

2,273 posts

Posted by minitrader > 2012-12-18 17:18 | Report Abuse

:) smile...hope Perdana will pass 1.10 tomorrow...

Posted by vincentming > 2012-12-18 21:07 | Report Abuse

next tg $1.19

Posted by Hing Tiat Tan > 2012-12-18 21:58 | Report Abuse

passing 1.10 should not a problem. Maybe tomorrow opening gap up to 1.10.
watch for 7/4/2011 vol done 21.3m Low 1.07 H 1.14 Close 1.14.Classic resistance 1.14 to 1.15. Walking on the upper band today with high vol positive sign. should have a candle on the upper band tomorrow.

minitrader

2,273 posts

Posted by minitrader > 2012-12-21 10:17 | Report Abuse

this stock creeps up slowly but surely...

Posted by BursaBullTrader > 2012-12-21 13:38 | Report Abuse

I AM ALIVE! So do PERDANA! Sit tight… :-)

minitrader

2,273 posts

Posted by minitrader > 2012-12-21 14:49 | Report Abuse

SURE DO...

Chung

551 posts

Posted by Chung > 2012-12-21 21:05 | Report Abuse

i think this counter financial getting better next quater. The major share holder Dayang hold (11%) will continue give business to Perdana off shore business. Many securities give goond comment to this counter with higher target price Rm 1.50...... today composit drop 11 point can see very strong support and all time high ...... hope next year can give big ang pow to us........

Posted by sheridansulik > 2012-12-21 21:26 | Report Abuse

Chung, can u pls share How Dayang can help to make Perdana profitable?

Chung

551 posts

Posted by Chung > 2012-12-21 22:13 | Report Abuse

Dayang core business simillar with Perdana and Dayang revenue is higher than Perdana . Dayang can rent vessel from Perdana or out source some business to Perdana intead to other company. Perdana major share holder is Dayang, Dayang major share holder is Naim Holdings . Naim very strong connection in Sarawak state Gov. All this will benefit Perdana .
www.desb.net

chung

551 posts

Posted by chung > 2012-12-22 15:08 | Report Abuse

Perdana another Superstar in 2013 share market

Dayang insert they man into Perdana Petrolium Berhad as Director

Changes in Sub. S-hldr's Int. (29B)
Dayang Enterprise Holding Berhad Direct (units)94,510,90 (19.09%)

Change in Boardroom Perdana
Ling Suk Kiong - He is the founder of Dayang Group of Companies with the establishment of Dayang Enterprise Sdn Bhd in 1980. He was appointed Executive Chairman of Dayang Enterprise Holdings Bhd on 29 February 2008 and has been instrumental in the growth and development of the Dayang Group.

Bailey Kho Chung Siang
He joining Dayang Enterprise Sdn Bhd as the Financial Controller in 2000. Currently, he is the Head of Corporate Affairs and Joint Company Secretary of Dayang Enterprise Holdings Berhad and its subsidiaries.

Target Price
12/12/2012 1.01 1.50 +0.49 (48.51%) BUY HLG
05/12/2012 0.98 1.31 +0.33 (33.67%) BUY RHB
05/12/2012 0.98 1.30 +0.32 (32.65%) BUY MAYBANK
05/12/2012 0.98 1.30 +0.32 (32.65%) BUY CIMB
28/11/2012 0.945 1.31 +0.365 (38.62%) BUY PUBLIC BANK
28/11/2012 0.945 1.17 +0.225 (23.81%) BUY OSK

minitrader

2,273 posts

Posted by minitrader > 2012-12-24 16:59 | Report Abuse

Yet to reach any of the TPs above..long way to go...

Posted by vincentming > 2012-12-26 12:24 | Report Abuse

will move upnext month tg 1.12

chung

551 posts

Posted by chung > 2012-12-26 16:19 | Report Abuse

Dayang continue to collect Perdana share ? May close 1.10 today....

lmf_hau

674 posts

Posted by lmf_hau > 2012-12-26 16:43 | Report Abuse

Dayang added-position at 90c on 20.09.12 , it will keep rising to hitting new high.

Good for mid term investment.

Its already turn around from loss to profit in the past 2Q results.

No worry about it next 6 mths futures .

My ticket is 93c ,,, hahah ,,, yam sing n happy new year.

chung

551 posts

Posted by chung > 2012-12-27 18:00 | Report Abuse

Perdana last 2 minutes sapu 7000 lots share at Rm 1.10 i guess fund manager is accumalate this share... Hope for better tomorrow and better new year......cheer...

minitrader

2,273 posts

Posted by minitrader > 2012-12-27 18:16 | Report Abuse

smile:)...ya lor...moving up steadily...chart-wise looks bullish too..

leslie

4 posts

Posted by leslie > 2012-12-27 21:49 | Report Abuse

chung,can you analyst naim, cos i bought at 2.02 about two months back, it is d time to enter now to pull down my average price, pls advice or anybody who know naim...

Chung

551 posts

Posted by Chung > 2012-12-27 22:03 | Report Abuse

leslie sorry i don know much about naim. As i know Naim is big major share holder of Dayang . Dayang hold Perdana (19.9%) sometime if we paper lose in other counter does not mean we need to buy more to average it down the share price because if the counter not perform all your money will stuck there. You can take a look in Perdana it since to be very steady up cents by cents. Many securities firm give a buy call with target price 1.30-1.50. i can see for the past few days this couner volume keep on increase even today pre-closing market someone sapu 7000 lots share at 1.10 which reduce " road block" for tomorrow. If you invest in this counter if maybe reduce your lose in other counter too. anyway this my oppinion is up to you decide to buy or not . Ok hope your new investment can recover your past lose.......

leslie

4 posts

Posted by leslie > 2012-12-27 22:14 | Report Abuse

thank you chung for your advice, i will look into it.

minitrader

2,273 posts

Posted by minitrader > 2012-12-28 17:20 | Report Abuse

holding well...selling pressure well-absorbed...resilient...

Posted by Wong Yi Shen > 2012-12-28 17:43 | Report Abuse

A few more days to clear off the contras, should see it move up again. 1.08 support

Chung

551 posts

Posted by Chung > 2012-12-29 12:38 | Report Abuse

21 dec volume = 9462 closed at Rm 1.07
24 dec volume = 12191 closed at Rm 1.04
26 dec volume = 20580 closed at Rm 1.07
27 dec volume = 35560 closed at Rm 1.10
28 dec volume = 41381 closed at Rm 1.10

Volume increase price increase 0.03 cents clearly somebody keen to collect this counter share range 1.07-1.10
hope this counter can give big ang pow by Chinese New Year.........

chung

551 posts

Posted by chung > 2013-01-02 10:28 | Report Abuse

steady up cents by cents strong support.....

http://www.theedgemalaysia.com/business-news/228361-oil-and-gas-holding-out-for-a-better-year.html

minitrader

2,273 posts

Posted by minitrader > 2013-01-02 10:45 | Report Abuse

common on perdana... time to fly...

Posted by Wong Yi Shen > 2013-01-02 10:57 | Report Abuse

yea come on..

minitrader

2,273 posts

Posted by minitrader > 2013-01-02 16:58 | Report Abuse

Posted by KC Loh > Jan 2, 2013 04:42 PM | Report Abuse

all Petronas related counters sure sink today on news of the parent company's big expenditure. US$60BN big gorilla!

http://biz.thestar.com.my/news/story.asp?file=/2013/1/2/business/12522869&sec=business

minitrader

2,273 posts

Posted by minitrader > 2013-01-02 16:59 | Report Abuse

Good for O&G counters....

PETALING JAYA: Petroliam Nasional Bhd's US$60bil (RM186bil) capital expenditure over the next five years will underpin the oil and gas sector in the country with more offshore activities and contracts expected to be awarded in the second quarter.

The exploration and production (E&P) activities would continue and be viable, based on the current oil prices, according to RHB Research Institute.

It also expected the three-pronged strategy by Petronas would pinch the decline in production.

The strategies include enhancing oil recovery (EOR) at existing oilfields, development of marginal oilfields and adding its resource base.

Bloomberg data showed that the US light crude oil 8 sen lower at US$90.72 per barrel and Brent down by 48 sen at US$110.14 per barrel at 5pm yesterday.

OSK Research Institute said despite year-to-date crude production dropping 58% due to stop-order in Sudan, by enhancing its E&P activities, Petronas was targeting for long-term sustainable growth.

It also expected the supply for oil to surpass the demand level but oil price would remain steady about US$80 per barrel for next year due to the stimulus programme in western countries and tension in the Middle East. Petronas recorded seven discoveries of oil and gas in Malaysia for third quarter of 2012 - the Bidara, Gambir RDR, Kurma Manis-1, Berangan-1, Tembakau-1, Kluang North-2 and Tukau Timur Deep-1. Total discoveries so far in the year-to-date period stands at 21 new discoveries.

In December, Petronas awarded a production sharing contract for Block SB311 offshore Sabah (PSC) to ConocoPhillips Sabah Gas Ltd (40%), Shell Energy Asia Limited (30%) and Petronas Carigali Sdn Bhd (30%).

Furthermore, the company has completed a US$5.3bil takeover of Progress Energy Resource Corp.

Petronas year-on-year's net profit for its third quarter ended Sept 30 2012 declined by 21.95% to RM12.44bil while revenue dropped to RM68.3bil from RM71.8bil.

According to the company, the revenue for the third quarter declined primarily due to lower sales volume and the lower prices of crude oil, adding that crude oil sales volume decreased.

KC Loh

13,701 posts

Posted by KC Loh > 2013-01-02 17:02 | Report Abuse

minitrader, its just pump priming by Najib & cohort! they used US$60bn+ for stimulus package previously and received a lot of brickbats, so they are moving on to the next best thing! govt-controlled Petronas!

and yes, that will be good for all O&G related counters, because big mama is spending. i think Europe will still be a mess in 1H13 if British PM Cameron's address to G8 is anything to go by!

chung

551 posts

Posted by chung > 2013-01-02 17:04 | Report Abuse

2013 year for oil and gas counter.....all oil counter up except SKPetro

minitrader

2,273 posts

Posted by minitrader > 2013-01-02 17:09 | Report Abuse

PETALING JAYA: Petroliam Nasional Bhd's US$60bil (RM186bil) capital expenditure over the next five years will underpin the oil and gas sector in the country with more offshore activities and contracts expected to be awarded in the second quarter.

The exploration and production (E&P) activities would continue and be viable, based on the current oil prices, according to RHB Research Institute.

It also expected the three-pronged strategy by Petronas would pinch the decline in production.

The strategies include enhancing oil recovery (EOR) at existing oilfields, development of marginal oilfields and adding its resource base.

Bloomberg data showed that the US light crude oil 8 sen lower at US$90.72 per barrel and Brent down by 48 sen at US$110.14 per barrel at 5pm yesterday.

OSK Research Institute said despite year-to-date crude production dropping 58% due to stop-order in Sudan, by enhancing its E&P activities, Petronas was targeting for long-term sustainable growth.

It also expected the supply for oil to surpass the demand level but oil price would remain steady about US$80 per barrel for next year due to the stimulus programme in western countries and tension in the Middle East. Petronas recorded seven discoveries of oil and gas in Malaysia for third quarter of 2012 - the Bidara, Gambir RDR, Kurma Manis-1, Berangan-1, Tembakau-1, Kluang North-2 and Tukau Timur Deep-1. Total discoveries so far in the year-to-date period stands at 21 new discoveries.

In December, Petronas awarded a production sharing contract for Block SB311 offshore Sabah (PSC) to ConocoPhillips Sabah Gas Ltd (40%), Shell Energy Asia Limited (30%) and Petronas Carigali Sdn Bhd (30%).

Furthermore, the company has completed a US$5.3bil takeover of Progress Energy Resource Corp.

Petronas year-on-year's net profit for its third quarter ended Sept 30 2012 declined by 21.95% to RM12.44bil while revenue dropped to RM68.3bil from RM71.8bil.

According to the company, the revenue for the third quarter declined primarily due to lower sales volume and the lower prices of crude oil, adding that crude oil sales volume decreased.

minitrader

2,273 posts

Posted by minitrader > 2013-01-02 17:10 | Report Abuse

oops

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