Posted by PanjiAlam55 > 2019-04-23 08:13 | Report Abuse

By Bloomberg | 2019-04-23 07:58:09
(April 23): Stocks in Asia are set for modest gains after U.S. equities edged higher as investors awaited a deluge of earnings news. Oil jumped after the White House said it will scrap waivers that allow the purchase of some Iranian crude.

Futures pointed higher in Japan and Australia as traders in Sydney and Hong Kong return from the Easter break. Volumes are likely to remain thin ahead of a Japanese holiday throughout all of next week. The S

Posted by saltedfish > 2019-04-23 08:55 | Report Abuse

Media Briefing today. Announcement of new strategic partner from Middle East

Posted by BigPro > 2019-04-23 10:14 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/29038489

Posted by whoo > 2019-04-23 10:36 | Report Abuse

things will be better after injection by new investors

Posted by saltedfish > 2019-04-23 10:42 | Report Abuse

Wah, Rawabi Holdings of Saudi Arabia is the new shareholder

Posted by saltedfish > 2019-04-23 10:44 | Report Abuse

http://www.rawabiholding.com/

Posted by Flyinghorse > 2019-04-23 10:51 | Report Abuse

Moving up......

Posted by whoo > 2019-04-23 10:58 | Report Abuse

can't see the announcement of the new shareholder yet. anyway still considered a good news. dont expect it will fly high

Posted by Jayce Khoo > 2019-04-23 11:30 | Report Abuse

Where you see the news or announcement about that new shareholder?

Posted by Jmz88 > 2019-04-23 11:34 | Report Abuse

@saltedfish where you get this news from?

Posted by Looiks > 2019-04-23 11:55 | Report Abuse

Hehehe...... a bit more to kawtim before moving ahead.

Posted by Looiks > 2019-04-23 11:56 | Report Abuse

Hehehe.... time for me to play and stay a bit longer

Posted by snwong13 > 2019-04-23 13:16 | Report Abuse

.
Barakah Forms Strategic Alliance with Vallianz

To expand market presence in Malaysia and Middle East by leveraging on both parties’ competitive strengths and assets

Kuala Lumpur, 23 April 2019 – Integrated oil and gas (“O&G”) solutions provider,

Barakah Offshore Petroleum Berhad (“Barakah” or the “Group”), has today announced that it has entered into a Memorandum of Understanding (“MOU”) with Vallianz Holdings Limited (“Vallianz”) to form a strategic alliance for both parties’ to explore business opportunities in Malaysia and the Middle East. By joining forces, both parties are able to leverage on each other’s strengths to expand their scope of services, technical capabilities and geographical reach along the O&G value chain.

Under the MOU, Barakah will offer its established engineering and operational capabilities to support Vallianz’s existing and future projects. This includes technical consultation, feasibility studies, front-end engineering design and project engineering services, among others. The project scope also covers future co-tender arrangements for offshore projects which are deemed suitable by both parties

Posted by Jayce Khoo > 2019-04-23 14:11 | Report Abuse

https://www.klsescreener.com/v2/announcements/view/29038748

Posted by Megan88 > 2019-04-23 14:17 | Report Abuse

Lol... strategic partner.. not shareholder..

Posted by BigDaddyCool > 2019-04-23 14:21 | Report Abuse

agreed with megan.the bottom line Barakah is heavily in debts.what really concerned is how the company will turnaround into profit.looking into current situation its unfavorable.

Posted by Megan88 > 2019-04-23 14:26 | Report Abuse

Fair price that reflects current situation should be around 0.06 if you ask me.. managed to sold all at 0.095.. good luck guys..

Posted by BigDaddyCool > 2019-04-23 14:30 | Report Abuse

high in debt with bankers--balance sheet yoy losses---no new project coming in----solutions
i) new shareholders coming in with incoming projects
ii) Issuance of RI from bankers to cover outstanding loan and exposure

please select only one of it

Posted by whoo > 2019-04-23 14:39 | Report Abuse

lot of oil and gas companies also highly in debt...barakah not the only one!! then they still have existing projects that can last till year 2023...so not so fast pn17...armada and sapura also not yet lah pn17

Posted by Flyinghorse > 2019-04-23 14:46 | Report Abuse

Creeping up slowly. Good performance

Posted by BigDaddyCool > 2019-04-23 15:03 | Report Abuse

price movement of 0.085 to 0.095 in tandem of announcement released.Guess what will tomorrow price be?

Posted by BigDaddyCool > 2019-04-23 15:12 | Report Abuse

shark is unloading slowly to public. Common faster chase or else price will fly.,,haha hahaha

Posted by whoo > 2019-04-23 15:15 | Report Abuse

more good news coming...the restructuring and the new shareholder

Posted by bigfund > 2019-04-23 15:19 | Report Abuse

Yesterday I told already buy buy buy

Posted by Qwertyuiop > 2019-04-23 15:25 | Report Abuse

BigDaddy, why are you spreading fear here. haha, aiyo just leave this forum alone when you're holding nil in this stock.

Posted by BigPro > 2019-04-23 15:31 | Report Abuse

Vallianz is 57.67%-owned by Rawabi Holding Company Limited (“Rawabi”), a Saudi company established in 1980 and headquartered in Al-Khobar (Eastern Province), Kingdom of Saudi Arabia. Rawabi is a regional provider of products and services with its core focus on the oil and gas industry, specifically in the drilling and related oilfield services. It is also involved in the engineering and construction industry, owning and operating several manufacturing facilities and is involved in the growing regional telecommunications and IT sector. Rawabi has international partners from approximately 20 countries and represents over 100 worldwide prominent companies.

Posted by flyover2 > 2019-04-23 15:45 | Report Abuse

worth to go in at 0.095?

Posted by wendyuong > 2019-04-23 15:51 | Report Abuse

Can try... Dr. Mahathir make friend with Middle East. Maybe high potential.. :-)

Posted by Soleha > 2019-04-23 16:02 | Report Abuse

Barakah ni mcm sumatec game dia ni kalau news banyak 2 pergi PN 17

Posted by KiraL > 2019-04-23 16:05 | Report Abuse

ok, thanks wendyoung.
Will buy.

Posted by Moc Nokin > 2019-04-23 16:16 | Report Abuse

Fuhh, can goreng high tomorrow ni.

Posted by BigDaddyCool > 2019-04-23 16:23 | Report Abuse

wah mcm char kuey tiaw goreng lol..i remembered last time sumatec also have many story end up goreng until left 0.01 cents.

Posted by Investsucess > 2019-04-23 16:26 | Report Abuse

Barakah has joint venture with singapore company to explore in middle east and malaysia, news just out

Posted by wendyuong > 2019-04-23 16:33 | Report Abuse

Out 3 hours ago. :-)

Posted by wendyuong > 2019-04-23 16:33 | Report Abuse

High potential!

Posted by wendyuong > 2019-04-23 16:37 | Report Abuse

Always block at 0.95

Posted by kianweng123 > 2019-04-23 16:37 | Report Abuse

What tp ?

Posted by Investsucess > 2019-04-23 16:43 | Report Abuse

After restructuring will explode in a few weeks, buy now as the price is quite attractive, in next few days, you can't get this price

Posted by wendyuong > 2019-04-23 16:43 | Report Abuse

Any price as you wish. :-)

Posted by wendyuong > 2019-04-23 16:44 | Report Abuse

But it’s always block at 0.95

Posted by bigfund > 2019-04-23 16:46 | Report Abuse

Closing is 10.5

Posted by kianweng123 > 2019-04-23 16:49 | Report Abuse

10.5 are you sure? 10 maybe can la

Posted by kianweng123 > 2019-04-23 16:51 | Report Abuse

Still at 9.5

Posted by Davidyeap > 2019-04-23 16:56 | Report Abuse

BARAKAH通过它的子公司和Brooke Dockyard跟三林签署一项联营合约,一起竞标砂州的油气工程.Brooke Dockyard 是砂州政府持股公司，
目前有很多油气平台工程在进行中。
综合来看，这三家公司的合作。

现在又跟Vallianz Holdings Ltd合作结成策略联盟，共同探索在马来西亚和中东的商业机会。

Vallianz为全球石油巨头和国家石油公司提供服务，并专注于支援客户的岸外油气勘探和生产业务。

Barakah表示，Vallianz拥有并经营着一支由76艘岸外支援船组成的年轻船队，覆盖中东、亚太和拉丁美洲市场。

Vallianz由Rawabi Holding Company Ltd持有57.67%股权，后者是成立于1980年的沙地公司，总部设于沙地阿拉伯的Al-Khobar（东部省）。

看好你

Posted by Flyinghorse > 2019-04-23 17:14 | Report Abuse

Closed at 0.095. Stay tuned for tomorrow. Uptrend will continue

Posted by Megan88 > 2019-04-23 17:17 | Report Abuse

Cheap price now... buy before it's too late.. plane to Holland taking off soon..

Posted by fkser > 2019-04-23 17:40 | Report Abuse

Megan 748

Posted by wendyuong > 2019-04-23 18:00 | Report Abuse

Yay white knight inject to barakan company!!!

Posted by Looiks > 2019-04-23 18:03 | Report Abuse

Hehehe.....kachings..Old guards out releasing their shares, ‘someone’ buying n banks got back their money wth ‘sometg’. ...hehehe..

Posted by kianweng123 > 2019-04-23 18:04 | Report Abuse

Tomorrow limit up?