BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

You're accessing 15 mins delay data. Turn on live stream now to enjoy real-time data!

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

azta12

5,594 posts

Posted by azta12 > 2019-03-07 09:39 | Report Abuse

add some

Jmz88

126 posts

Posted by Jmz88 > 2019-03-07 10:59 | Report Abuse

doesn't this mean RO expiring 14th March 2019 (next week)...?

Posted by saintambrose > 2019-03-07 11:02 | Report Abuse

I newbie , I dunno anything lol

Posted by saintambrose > 2019-03-07 11:03 | Report Abuse

Means good thing Ka?

346 david

104 posts

Posted by 346 david > 2019-03-07 13:17 | Report Abuse

extended to 14th April 2019

edikeat

44 posts

Posted by edikeat > 2019-03-07 15:40 | Report Abuse

today no show?

Posted by StarBright > 2019-03-07 16:01 | Report Abuse

Hehe..I like how regulation force the company must announce the restraining order
if i read correctly, employee salary still give but give more time to company discuss on restructuring. I wish them well!

Now all the share ada di Desa Park City. Go there see leng lui with cute dog very therapeutic!

edikeat

44 posts

Posted by edikeat > 2019-03-07 16:52 | Report Abuse

why drop?

Data5000

388 posts

Posted by Data5000 > 2019-03-07 17:45 | Report Abuse

Mana boleh Hari Hari naik

Wzhai3932

132 posts

Posted by Wzhai3932 > 2019-03-07 18:18 | Report Abuse

Good news .........but all the big boy selling

i3lurker

13,984 posts

Posted by i3lurker > 2019-03-07 19:39 | Report Abuse

RO is meant to protect the company

last QR showed company to be stable and cash is generated

cash is also increasing.

all looks ok

i3lurker

13,984 posts

Posted by i3lurker > 2019-03-07 19:40 | Report Abuse

this is assuming that the QR results are true and not a work of fiction

i3lurker

13,984 posts

Posted by i3lurker > 2019-03-07 20:06 | Report Abuse

the last QR reports released on 28 Feb 2019 fuelled the rush to BUY coz obviously the Company will survive...

however as usual doubters started whispering and ALL PANICKED !!!!!

:)

its very comedic !!!!!!

its a Comedy !!!

blacksmith

208 posts

Posted by blacksmith > 2019-03-08 03:06 | Report Abuse

i3lurker thats why playing stock is fun. xD

snwong13

720 posts

Posted by snwong13 > 2019-03-08 10:21 | Report Abuse

.
All the Sarawak boys, Dayang, Penergy, HSL, KKB, Naim ramp up recently!
Soon Barakah turns once its dust settled down!
Stay Tuned!!

Posted by commonsense > 2019-03-11 11:46 | Report Abuse

1Q19 losses of RM21mil marks the 8th consecutive losses recorded by Barakah. Some investors might be hoping for the company to start posting positives results given that the company had won some big contracts since mid FY18 (with the MCM contract won back in July 2018). This however, did not materialise which puts in doubts of the company’s ability to execute the contracts won within budget and on time.

Given its not so good track records in previous contracts, investors are hoping that the MCM contract would help the company to deliver profit this time around. Some of the contracts where the company failed to deliver (and record massive losses) are:

1) Pan Malaysia Transport & Installation (T&I) contract
2) Pengerang Pipeline contract
3) Inspection, Repair and Maintenance (IRM) contract

Investors also need to take note that the restraining order imposed by the High Court to PBJV’s (Barakah subsidiary) lenders which prevent them from calling for an event of defaults on any of its debt will expire by mid-April 2019. There is a potential risk that some creditors might want their debt to be paid in full given PBJV’s failure to honour some of the debt covenants (mainly relating to the debt coverage ratio given that the company has been posting losses since FY17).

If you are looking to hedge your portfolio outside of Barakah (due to its weak contract execution track record and potential credit default event), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.1x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.0x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

fkser

622 posts

Posted by fkser > 2019-03-11 11:54 | Report Abuse

Noob

Looiks

5,493 posts

Posted by Looiks > 2019-03-11 14:14 | Report Abuse

Hehehe..... i want to play this counter. Wl try 10-10.5

edikeat

44 posts

Posted by edikeat > 2019-03-11 21:49 | Report Abuse

wat 7 happened this counter?

Posted by StarBright > 2019-03-13 10:46 | Report Abuse

Wah.. got action oh.. Megan must be goreng this counter! So geng eh!

azta12

5,594 posts

Posted by azta12 > 2019-03-13 10:47 | Report Abuse

add some now

Posted by probability25 > 2019-03-13 10:47 | Report Abuse

waking up?

azta12

5,594 posts

Posted by azta12 > 2019-03-13 10:50 | Report Abuse

hantam

Bullhunter

1,194 posts

Posted by Bullhunter > 2019-03-13 10:55 | Report Abuse

Next OnG play. BUY NOW BEFORE IT HIT 0.20

BringMeFly

209 posts

Posted by BringMeFly > 2019-03-13 11:01 | Report Abuse

good news coming, buy before late

whoo

213 posts

Posted by whoo > 2019-03-13 11:05 | Report Abuse

to break 0.125 also not easy

BigPro

688 posts

Posted by BigPro > 2019-03-13 11:22 | Report Abuse

Yes... coming again. Let play this counter until hit 0.20.

Posted by avatarsnipe > 2019-03-13 11:29 | Report Abuse

Why not? Lets go

0527

19 posts

Posted by 0527 > 2019-03-13 11:38 | Report Abuse

Be careful , 125 130 very high quantities

Looiks

5,493 posts

Posted by Looiks > 2019-03-13 11:42 | Report Abuse

Hehehe.....

Looiks

5,493 posts

Posted by Looiks > 2019-03-13 11:45 | Report Abuse

No regret..... hehehe... told u, I just wait n see it wl pass last mth high.

azta12

5,594 posts

Posted by azta12 > 2019-03-13 11:49 | Report Abuse

hantam again

SuperPanda

11,431 posts

Posted by SuperPanda > 2019-03-13 12:15 | Report Abuse

queue 0.105 this morning but didnt get, so change wait at 0.11

i3lurker

13,984 posts

Posted by i3lurker > 2019-03-13 12:24 | Report Abuse

Wah! Champagne Dinner tonite
Cheers
:)

Posted by Srsm Trader > 2019-03-13 12:33 | Report Abuse

Please hold position leh, then price will go up. Else going no where...

Posted by thequalityguy > 2019-03-13 12:43 | Report Abuse

I put in 0.115, still no bite. Let's see after lunch...

Posted by rms_starlight > 2019-03-13 13:12 | Report Abuse

go go and ly higher more.

Davidyeap

324 posts

Posted by Davidyeap > 2019-03-13 13:14 | Report Abuse

基金经理开始进场

bonds56

313 posts

Posted by bonds56 > 2019-03-13 14:27 | Report Abuse

TP 20 cents

Posted by avatarsnipe > 2019-03-13 14:44 | Report Abuse

Crude oil good... So must be good lah kan?

BringMeFly

209 posts

Posted by BringMeFly > 2019-03-13 14:57 | Report Abuse

all O&G will burst for few days

bonds56

313 posts

Posted by bonds56 > 2019-03-13 15:08 | Report Abuse

Hope closed at 12.5 or 13

bonds56

313 posts

Posted by bonds56 > 2019-03-13 15:09 | Report Abuse

Tmr shotting again

BringMeFly

209 posts

Posted by BringMeFly > 2019-03-13 15:12 | Report Abuse

will goes like Alam, from 0.1 to 0.15 few days only

Posted by Srsm Trader > 2019-03-13 15:14 | Report Abuse

Will close 12.5 or higher when people stop dumping lower... stop dumping people ayo...

Posted by avatarsnipe > 2019-03-13 15:14 | Report Abuse

Well bringmefly.... You can say that. With crude oil price on the hike... Hope that can bringmefly

ming

2,081 posts

Posted by ming > 2019-03-13 15:17 | Report Abuse

This 1 also sarawak theme?

azta12

5,594 posts

Posted by azta12 > 2019-03-13 15:21 | Report Abuse

nice, keep the momentum going

Post a Comment
Market Buzz