Velesto has reported turnaround result. Barakah supposed to report turnaround result also.
5 years contract from Petrofac and Hess were effective from July 2018.
Petronas Gas also has extended contract awarded to PBJV for the provision of repair and maintenance of the Sabah Sarawak gas pipeline until Nov 30, 2018.
Don't forget barakah have huge borrowing to repay and they are still negotiating with creditors.. lets be honest, we all know the coming QR wouldn't be good.. but long term I believe they can turn this around
They managed to cut down losses... Next qtr report will be better since they still have few contracts that will lasts them for few years.. PN17? Why everytime qtr report declared losses sure ppl will said the company become Pn17
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....
azta12
5,594 posts
Posted by azta12 > 2019-02-27 10:36 | Report Abuse
https://www.thestar.com.my/business/business-news/2019/02/27/oil-rises-on-opec-led-supply-cuts/