BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.055

Today's Change

+0.005 (10.00%)

Day's Change

0.05 - 0.055

Trading Volume

14,058,400


20 people like this.

16,346 comment(s). Last comment by Kotaro 1 week ago

Sniper S

189 posts

Posted by Sniper S > 2018-10-18 15:43 | Report Abuse

adios xxxx

bulldog

12,157 posts

Posted by bulldog > 2018-10-18 17:01 | Report Abuse

Ubikaye

Kris Wong

433 posts

Posted by Kris Wong > 2018-10-19 09:22 | Report Abuse

This BOD & Management are rubbish, put out proposal and action which kill the company !!!

persie

1,412 posts

Posted by persie > 2018-10-19 09:51 | Report Abuse

The proposal was released in the interest for the company and the best way between the company and lenders. Please read the whole proposal and not just read the title.

victory015

341 posts

Posted by victory015 > 2018-10-19 13:02 | Report Abuse

barakah 0.085 at 52 week low. let's jump in to buy barakah shares

victory015

341 posts

Posted by victory015 > 2018-10-19 17:18 | Report Abuse

i jump in and bought at 0.085

Posted by Henry Cheng > 2018-10-20 14:10 | Report Abuse

buy at 0.50...

victory015

341 posts

Posted by victory015 > 2018-10-22 10:01 | Report Abuse

let's push up the price of barakah so that i can sell at higher price

bulldog

12,157 posts

Posted by bulldog > 2018-10-22 19:22 | Report Abuse

Coming down...

Scalp3r

194 posts

Posted by Scalp3r > 2018-10-23 02:34 | Report Abuse

Tp 0.05 huhu

bulldog

12,157 posts

Posted by bulldog > 2018-10-23 16:34 | Report Abuse

Waiting at 5

victory015

341 posts

Posted by victory015 > 2018-10-24 09:41 | Report Abuse

barakah price recover to 0.085, let's jump in to buy more

bulldog

12,157 posts

Posted by bulldog > 2018-10-24 10:18 | Report Abuse

Waiting at 5

Nafster

31 posts

Posted by Nafster > 2018-10-24 14:38 | Report Abuse

0.075 touched

Scalp3r

194 posts

Posted by Scalp3r > 2018-10-24 18:59 | Report Abuse

Yessszaaaaaa

victory015

341 posts

Posted by victory015 > 2018-10-25 09:45 | Report Abuse

let's buy barakah shares

nasai

66 posts

Posted by nasai > 2018-10-25 13:13 | Report Abuse

victory u trapped kah? kekeke

bulldog

12,157 posts

Posted by bulldog > 2018-10-25 14:44 | Report Abuse

5 coming

persie

1,412 posts

Posted by persie > 2018-10-25 18:07 | Report Abuse

9.38mil new ordinary shares will be listed on 26 Oct 2018 at the price of 0.200

victory015

341 posts

Posted by victory015 > 2018-10-26 09:37 | Report Abuse

new shares at 0.20 ? so we must buy at 0.075 now.

Popit76

33 posts

Posted by Popit76 > 2018-10-29 17:05 | Report Abuse

Wow

bulldog

12,157 posts

Posted by bulldog > 2018-10-30 18:02 | Report Abuse

5 coming..

4444

1,800 posts

Posted by 4444 > 2018-10-31 06:19 | Report Abuse

Not conversion of loan stock meh?

persie 9.38mil new ordinary shares will be listed on 26 Oct 2018 at the price of 0.200
25/10/2018 18:07

victory015

341 posts

Posted by victory015 > 2018-10-31 11:28 | Report Abuse

batrakah up 7.7% today, pretty strong

Scalp3r

194 posts

Posted by Scalp3r > 2018-11-01 01:27 | Report Abuse

Buy buy buy

victory015

341 posts

Posted by victory015 > 2018-11-03 13:39 | Report Abuse

barakah up 14% today, let's jump in to buy more.

ramada

3,955 posts

Posted by ramada > 2018-11-07 11:31 | Report Abuse

As I said before, this counter is another Perisai.

Scalp3r

194 posts

Posted by Scalp3r > 2018-11-09 21:53 | Report Abuse

Run before too late hehe

Scorse

214 posts

Posted by Scorse > 2018-11-12 20:28 | Report Abuse

It's gonna drop more?

LouiseS

286 posts

Posted by LouiseS > 2018-12-04 10:55 | Report Abuse

This company been making losses in last 7 quarters.

Posted by commonsense > 2018-12-06 10:09 | Report Abuse

The most recent quarter result was really a negative surprised to most investors. Market was expecting them to start posting positive result given the huge Pan Malaysia maintenance, construction and modification (MCM) contract that they won back in July.

However, to be fair given that the most recent result is for the period of Jul to Sept, investors might have been a bit too bullish to expect them to turnaround too soon. Its fairer for investors to wait for 4Q before giving a too negative outlook on the company.

Some investors are also worried of the companies ability to execute the contract within budget and on time. Given the many occasions of cost overruns and earnings disappointment in its past contracts such as the Pan Malaysia Transport & Installation (T&I), the Pengerang Pipeline contract and the Inspection, Repair and Maintenance (IRM) contract which all had resulted in massive losses to the company. I am worried that they actually won the MCM because they had underbid the other competitors. Meaning this MCM could be a potential time bomb in the future.

For those interested in the potential turnaround story of the company, it is best for you to wait till there is a real concrete result first (no more losses for example) before you start investing in Barakah.

For those looking to diversify their portfolio outside of the O&G industry, i would recommend them to look at MBMR.

The company is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 5.6x PE (based on target FY18 PATAMI of RM145mil. 9m PATAMI is already RM106mil). PB is low at only 0.6x BV. 4Q18 results is expected to be higher than 3Q18 and last year 4Q17. And FY19 growth will be driven by the still high demand of new Myvi and the launch of the new SUV in 1Q19.

Please go through the analyst reports (https://klse.i3investor.com/servlets/stk/pt/5983.jsp) and do your own analysis before making any decisions.

Hope Barakah can really turnaround this time with the new Pan Malaysia MCM contract. If it does, i am sure investors will start believing in the company again.

Good luck

Posted by mike_kim319 > 2018-12-06 19:53 | Report Abuse

I sure next year will goes up to above 0.15

Salsabila

50 posts

Posted by Salsabila > 2018-12-07 10:54 | Report Abuse

Next year it will go above 0.2

Salsabila

50 posts

Posted by Salsabila > 2018-12-13 09:57 | Report Abuse

what happen to barakah today, any news..

carilembu

1,249 posts

Posted by carilembu > 2018-12-13 10:34 | Report Abuse

looks like joining perisai soon.... same script

pamie

274 posts

Posted by pamie > 2018-12-13 18:09 | Report Abuse

Teruknya. Below TP terus.

Februari 31sen

ramada

3,955 posts

Posted by ramada > 2018-12-13 20:30 | Report Abuse

Left five sen.. my god..

uhuboy

22 posts

Posted by uhuboy > 2018-12-19 09:14 | Report Abuse

bcome toilet paper again... haiz....

uhuboy

22 posts

Posted by uhuboy > 2018-12-19 09:33 | Report Abuse

anyone have a wechat/whatsapp group discuss about share? add me plz... wechat: raymondgoh7899

pamie

274 posts

Posted by pamie > 2018-12-20 11:01 | Report Abuse

Wow. 4.5sen?

saltedfish

3,282 posts

Posted by saltedfish > 2018-12-23 12:33 | Report Abuse

Game will start soon?

pamie

274 posts

Posted by pamie > 2018-12-26 14:12 | Report Abuse

4cent. Fuh

Scalp3r

194 posts

Posted by Scalp3r > 2018-12-26 15:51 | Report Abuse

Run ..bye2 barakah

saltedfish

3,282 posts

Posted by saltedfish > 2018-12-27 19:12 | Report Abuse

Restructure....PG Sdn Bhd

Megan88

360 posts

Posted by Megan88 > 2018-12-31 13:21 | Report Abuse

What happened today?

scott88

413 posts

Posted by scott88 > 2018-12-31 14:45 | Report Abuse

Goreng up & run away

bonds56

313 posts

Posted by bonds56 > 2018-12-31 15:15 | Report Abuse

Flying....6 cents now

Scorse

214 posts

Posted by Scorse > 2018-12-31 15:24 | Report Abuse

wow nice one

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