Why T7 global only dropped 16% while Velesto dropped 50% today ?
For genuine Investors only
Naysayers please go away
Answer now:
1. Because Velesto is in oil rig rental for extraction of oil. Since Saudi, Russia and Us shale go into price war there might be a huge glut of surplus oil. As such Petronas might scale back oil exploration and oil extraction This will hit velesto, sapnrg and others
But T7 global has secured jobs for subsea and topside maintenance
This is to service and take care of Petronas Carigali, Vestigo and Repsol Trillion ringgit oil platform and oil cities already set up
Like this:
If tourism business is bad you don"t buy more cars or coaches to transport people
But you still need to maintain the fleet of vehicles already purchased or else they will get rusty or break down . So maintenance is always needed.
2. Today T7 management think T7 is oversold So company is buying back T7 shares as high as 34 sen
3. Directors of T7 have bought millions above 45 sen to 55 sen and still holding firmly
4. The locked in jobs are very long term for 5 to as long as 10 years So in cyclical oil demand T7 will surely rebound higher one day
5. One more thing. Unlike Dayang, penergy and Carimin which have gone up in a bull run T7 global is still a laggard
And with progressively good results T7 global will rise up steadily
Calvin Tan Research thinks at 34 sen T7 global is very attractive and undemanding
Please do not contra play. If buy prepare to pick up and hold
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....
linda77
146 posts
Posted by linda77 > 2020-03-09 09:13 | Report Abuse
Sell better, dont follow conman, taneng