0243 GMT [Dow Jones] Maybank keeps Malaysia's oil and gas sector at neutral and recommends buying Bumi Armada (5210.KU), Yinson Holdings (7293.KU), Dialog Group (7277.KU) and KNM Group (7164.KU) as the companies are less sensitive to budget reviews and oil-price volatility. Further, these companies have long-term contracts that are "not subject to cancellation on convenience," the bank says. Meanwhile, investors should sell Alam Maritim Resources (5115.KU), Icon Offshore (5255.KU), Perisai Petroleum Teknologi (0047.KU) and UMW Oil & Gas Corp. (5243.KU) as these service providers are at a disadvantage as oil companies embark on cost-cutting and tender reviews, Maybank notes. "We expect a challenging period for the sector over the next 24 months," the bank says. (jason.ng@wsj.com; Twitter: @ByJasonNg)
Next support 1720. IF break again 1680-1700 coming very soon. Our currency drop sharply and world economy starting to slow down.US,CHINA,N JAPAN report slowing growth reasonly. BSKL tunggu mmmmmmmmmmmmmmmmaaaaaaaaaaaaaaaatttttiiiiiiiiiiiiiiiiiiiiiiiiiiii. Market will drop further in this few month. Better to stay sideline.
before 1MDB settle better watch out.because foreign worried about it.look at the foreign sold & bought for this couple of month.even the oil price is raise but local investor is tried as much as they can.but foreign keep sell..better safe the money to see coming this month.
Fitch will downgrade malaysia credit rating in june so when this happen , BSKL will drop sharply. Cut loss now or u might be bankrupty in few month time.
Fitch will downgrade malaysia credit in june so when this happen BSKL will drop further, Better cut loss now before become bankruptsy in few month time.
Dialog have recurring income from tank farm and terminal some other service..Meanwhile KNM is more on contracting and construction of oil and gas equipment which very sensitive to oil price movement. I am working with one of KNM competitor.What i can tell is before the oil price crash our project profit margin is around 20% but now the margin is reduce to 12% even with small margin it very hard to secure contract in current circumstance. I think KNM profit margin is even lesser cause the are aggressively try to expand it market share...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
nomanland
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Posted by nomanland > 2015-06-03 19:58 | Report Abuse
AR = Annual Report QR=Quarterly Report ...