currently most O&G company is down..for example alam,scomies,perisai,perdana,barakah,daya,knm ,dayang, n more..i don know why,but if u guys know sumthg,just share..
have a look in the balance sheet...is that becos of the expansion of the yard? non-current asset => plant,properties and equipment increase 300mil++.....non-current liabilities=> long term borrowing of 272mil
Lost due to higher operating cost... it will depend on how execute the remaining projects.... next quarter still making loss will be really jialat... otherwise still got hope.
i read in the report, indeed it was a dissapointing result,but thhe stil in profit..based on the report,capital commitments almost 50million to upgrade the pulau indah..in addition,decreased in revenue for Q4 is bcoz of the completion of major fabrication job in Q3 and slower activities due to additional mobilization time arising from the commencement of new jobs secured in Q4.Item to be noted for decreasing in the net profit - (1)cost to complete project is higher than expected (2)new provisions made arising from the realisation of some disputed claims and damages (3)slower fabrication activities in the current year (4)higher operating cost to support to support future projects under bidding.
Actually, in the O & G Business, the performance does not depend on the orders in hand. It is the completion and and hand over of the project. So it all boils down to the team that completes the job.
Good future only apply to good company who execute efficiently. Otherwise A billion dollar contract won executed at two billion cost has got nothing to be excited about....lets see...
occurs massive sale by shareholders who have these stocks since the price is 20 sen.their hold this stock for long period and this maybe the reason why the price go back below rm1.
others than that, shark leave this stock and push salcon.before thheavy uptrend their push fitters..and before fitters suddenly uptrend..their push tgoffs..now tgoffs is the next cycle bcoz the the price is cheeper right now
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....
VeryPoison
196 posts
Posted by VeryPoison > 2014-02-28 13:53 | Report Abuse
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