No chance to touch 0.110 they have back licence from Petronas. Jus waiting announce regulation plan out from pn17 tabung Haji still support this company. Fair price 0.200 in 3 month time frame.
they already knew that info last December and bought heavily prior to the announcement ..price started to move just after Christmas, on 26/12..approval from Petronas ..announcement only on 14 January.. WTF !!
Buy on rumors and sell on news still very much relevant most of the time !!..even though i do hate to admit it..haha
today's heavy selling 99%, but still someone continue collection it at 11.5...
apart from regulation plan by end of April, it would be sometime for THEE to get Petronas contract.. baru boleh submit proposal and compete with the rest of the OnG club..huhu
Confirm still can buy just go ahead. I start in and still keep the share from 0.05. This company sure come out from PN17 . If u read thier report u will clealry understand. ALl thier step are correct so far. Build up new line of business i.e shipbuilding are on track and already can fabricate medium size navy vessel, Petronas license they get back. Take note their petronas licesne this time more bigger scope not last time. This time they can do TANK FARM. Means growth segment are lot higher. PENGERANG will launch more project and TANK FARM will build up like nobody business in Pengerang. They also got TOPSIDE MECAHANICAL Mainteaance license means they can bid for offshore and bring their own vessel/barge similar to dayang.
Theedge article quoted uncertainty of RP but why Petronas so certain given them back its licensed - maybe the writer miss the boat or creates panicking for stakeholders to sell cheap. Dream onnnnnnnn...
klsestreet, agreed with your point. If uncertain, there is no reason for Petronas to provide this license. Pretty sure RP must be in place soon and Petronas must have prior info with this RP, confidently provide the opportunity for THHE......
The edge sometimes tries to dictate things from their view rather than listening from the decision-maker itself on why happening in a certain way. Anyway, it is still a good newspaper for the economy , but u need to make the call by yourself rather than listening to the edge.
and in OIL and GAS business there is no super solid company especially on contractor side with everything score 'A'. The edge expecting everything must score 'A'
First half hour in the morning once open market ..lot of day traders will try to make money. The price spike in the morning than stabilized. U enter 0.145 still ok in the long run.
what the article in the Edge says is true...investor must look carefully where is the direction for this company.. the recent spike in share price for me la, after following this company for many-many months, is purely speculative and become dangerous juga.
my thought very much like what is written in that article.. profit 100% at this moment enough already.. need to wait for the regulation plan , if accepted la, and few months ahead for new contract from Petronas in any la.. .. by September, NOSH will be bulging ..so keep that ion mind !.
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Posted by derrickinvestor > 2020-01-16 17:04 | Report Abuse
Drop back 10 sen go in again.. else dont...