Posted by ran777 > 2013-12-13 17:06 | Report Abuse

betulkah psd57,that the banks a doing a rerating?

Posted by psd57 > 2013-12-13 17:07 | Report Abuse

Mid & Long term Investors will grow and reap benefits from BARAKAH, as they in the big league now. Management of BARAKAH kenduri after friday prayers. It is a growth stock now.

Posted by ran777 > 2013-12-13 17:10 | Report Abuse

if so, atleast can have a good lunch on Monday.

Posted by psd57 > 2013-12-13 17:14 | Report Abuse

ran777: Maybank is reviewing the earlier TPs. U know analyst are just like us. They also make assumptions ('ifs and buts'). We do not know how 'BIG' the portion BARAKAH got. It must be big enough to warrant a one day suspension of the counter. Remember Maybank came with 2 TPs in 2 days, after getting hammering from BARAKAH officials for the first one. Read tomorrow Star Biz. STAY INVESTED WITH BARAKAH>

Posted by minitrader > 2013-12-13 17:35 | Report Abuse

SURE DO...UP UP N AWAY....

Posted by cherry tomato > 2013-12-13 17:47 | Report Abuse

http://www.bursamalaysia.com/market/listed-companies/company-announcements/1491173

Posted by psd57 > 2013-12-13 17:48 | Report Abuse

http://www.theedgemalaysia.com/business-news/267460--barakah-wins-petronas-contract-to-build-pipelines-oag-equipment.html

Posted by caven101 > 2013-12-13 17:56 | Report Abuse

hahaha now no need worry anymore. barakah is confirm go another level. all of the barakah investor who hold so long time now we saw the sunshine finally. can go celebrate tonight. Yipee. Barakah Victory is coming.

Posted by roslaom > 2013-12-13 18:09 | Report Abuse

barakah portion is for the shallow water pipelaying works. estimated could be between 2- 2.5B.

Posted by ran777 > 2013-12-13 20:14 | Report Abuse

thks, psd57

Posted by psd57 > 2013-12-13 20:35 | Report Abuse

Oil &Gas; Food and Utility stocks are the pick for the coming years. Demand exceed Supply

Posted by psd57 > 2013-12-13 20:45 | Report Abuse

C:\Users\user\Documents\1 1 KLSE LISTED Co 2013\1 BARAKAH 2013 INFO\1 BERNAMA - Petronas VDP A Stepping Stone For Bumi Firms To Compete Globally.htm

Posted by ktjaven > 2013-12-13 21:05 | Report Abuse

guys i wanna ask. Can the trade e-platform still take in buy order?? What could potentially happen on Mon?? Barakah start trading at RM2???

Posted by Ryan11 > 2013-12-13 21:17 | Report Abuse

Haha. Psd what r u posting. Seems u cant wait for Monday!!..haha

Posted by davidlim07 > 2013-12-13 21:27 | Report Abuse

I think there will be price correction as the news has been priced in for the past few days..

Posted by psd57 > 2013-12-13 21:34 | Report Abuse

I still prefer this earlier article by Kenanga Research & Investment dated 6 Nov 2013.
TP RM 2.63 upon receiving the T&I Package

Barakah Offshore Petroleum - Breaking Out In Style
Author: kiasutrader | Publish date: Wed, 6 Nov 12:14
________________________________________
Barakah Offshore Petroleum Bhd (Barakah), en-route for a listing on 6 Nov-13 from the RTO exercise, is another upstream oil & gas company to watch. We are projecting a 3-year net profit CAGR of 30.1%, underpinned by its: (i) existing RM500m HUC backlog; (ii) continued positive market share in the commissioning segment which accounted for c.70% of its total FY12 revenue, and (iii) increased subcontract work in the T&I space.

Further catalysts to the stock is if it: (i) successfully secures some contracts via its joint-venture partner in the Gulf region; and (ii) manages to secure a direct contract for the Pan Malaysia T&I contract that is expected to be dished out by 1Q2014.

We are initiating coverage of Barakah with an OUTPERFORM rating and target price of RM1.03/share, based on fully-diluted CY15 PER of 12x. Our target PER is at a 15% discount to its peers’ (Alam and Perisai) 14x due to its smaller asset base (it currently owns only one pipelay support vessel). This implies a 58% upside from the IPO price of RM0.65/share. We highlight that our current TP is based on a conservative viewpoint.

***Assuming Barakah manages to secure a whole package of the Pan Malaysia’s T&I, it would be valued at a much higher valuation of RM2.63/share.

Drivers for the significant growth in revenue are: (i) better opportunity in T&I segment and (ii) continued growth of market share in the commissioning segment

Posted by psd57 > 2013-12-13 21:39 | Report Abuse

Ryan11 . U r right bro. Cant wait for Monday. Neither can all our investors in this forum and outside

Posted by Candlestick > 2013-12-13 21:46 | Report Abuse

Monday is xmas present unwrap day for barakah investor :D

Posted by psd57 > 2013-12-13 22:04 | Report Abuse

alex626my thanks bro. Keep the postings coming and will analyze tomorrow's Biz Star

Posted by mcbaomc > 2013-12-13 22:15 | Report Abuse

Still in time to enter?

Posted by nicky > 2013-12-13 22:36 | Report Abuse

Target price for Monday ????

Posted by almufathal > 2013-12-14 00:22 | Report Abuse

rm.7.50

Posted by ladzatz > 2013-12-14 01:11 | Report Abuse

fuh rm7.50...kaya lah lu...ini macam boleh kawin dua

Posted by izzy325 > 2013-12-14 02:13 | Report Abuse

I think RM2 is very possible next week

Posted by afnan9838 > 2013-12-14 08:15 | Report Abuse

Limit up bro...up to 2.30

Posted by mcbaomc > 2013-12-14 08:22 | Report Abuse

Monday open price will be.... ???

Posted by almufathal > 2013-12-14 08:31 | Report Abuse

will be 4

Posted by kobar > 2013-12-14 08:55 | Report Abuse

Sudah terlepas kapal ini.

Posted by psd57 > 2013-12-14 10:12 | Report Abuse

http://www.btimes.com.my/Current_News/BTIMES/articles/20131214005619/Article/

Posted by psd57 > 2013-12-14 10:20 | Report Abuse

http://www.thestar.com.my/Business/Business-News/2013/12/14/Eye-on-stock-Barakah-Offshore.aspx

Posted by seong > 2013-12-14 10:39 | Report Abuse

alamak, sold it last week :((((((((

Posted by psd57 > 2013-12-14 10:42 | Report Abuse

Still the cheapest O&G player in BURSA. Come monday, price will be trending at a higher level

Posted by afnan9838 > 2013-12-14 11:41 | Report Abuse

open rm 2.00

Posted by sjou > 2013-12-14 12:18 | Report Abuse

hi guy! ho know how big is the contract?

Posted by Azli > 2013-12-14 13:11 | Report Abuse

It is a ringgit plus from current level. Can that be achieved? If can, how long will it reach there?

Posted by psd57 > 2013-12-14 13:12 | Report Abuse

TP based on Barakah's recent success in securing a *whole package (package A) of the Pan Malaysia’s T&I, is RM2.63/share. *BARAKAH IS THE MAIN CONTRACTOR, NOT THE SUB-CON in the T&I PACKAGE A SPACE.

Posted by Candlestick > 2013-12-14 13:15 | Report Abuse

Hopefully rm2.4 by CNY as my angpow money

Posted by mcbaomc > 2013-12-14 13:15 | Report Abuse

beware.... starting sure being fry high.... then go to bottom again before the next fly..

Posted by hepitrade > 2013-12-14 13:31 | Report Abuse

Wow.... Safe to jump in next mon?.

Posted by psd57 > 2013-12-14 13:58 | Report Abuse

Saya buat kedai kopi punya calculation lah! Saya bukan pandai macam analysts MAYBANK yang tukar TP 2 kali dalam jangka masa 2 hari. Lagi bolih cakap 'blue sky', 'green sky', 'black sky' scenarios!!. Macam baru keluar dari Harward, Kellogg atau Wharton Business Schools

(I) Untung selepas cukai ( O&G) - 15%
(ii) Issued saham BARAKAH - 624m
(iii) PER O&G - 15x, sama peer ( high capex, bukan main!)
(iv) Contract T&I sahaja - RM 2b est
(v) Tempoh 'T&I' contract - 3 tahun, option untuk sambung 1 tahun lagi. Memang extend, BEST VDP Co mah!
(vi) Untung selepas cukai , BARAKAH ( hanya 'T&I', Package A) = (15% x 2b )/ 3years = 100m setahun contract 'T&I".
(vii) Earnings/Keuntungan per Share/Saham (EPS) = 100m/624m = 16c, ok mah!, Sudah kenyang aredy. Ini BARAKAH bukan, so jangan minta banyak, sedikit cukup
(viii) Price/Harga based on 'T&I' contract sahaja = RM 16c x PER15 CY14 = RM 2.40
(ix) Analisa ini bukan kira BARAKAH's, current orderbook backlog of RM775m; while tender book is significant at RM6.1b. And more to come!
(x) Aggregate TP round up to Rm 2.80, cukup BARAKAH

Posted by saddiqsepakraga > 2013-12-14 14:30 | Report Abuse

wahhh....analisis kedai kopi psd57 cukup baik, menyakinkan!....ini baru analisis kedai kopi saja....

Posted by Candlestick > 2013-12-14 14:47 | Report Abuse

Nice kopitiam analysis psd57

Posted by afnan9838 > 2013-12-14 16:40 | Report Abuse

Wow......

Posted by newboy > 2013-12-14 17:42 | Report Abuse

hows the fundamental of this company?

Posted by roslaom > 2013-12-14 20:48 | Report Abuse

package by GOM involves pipelaying works in deeper water. Part of work is the pipeline commisioning. pbjv is the vdp for pipeline commissioning. so some gom works must be given to pbjv per petronas vdp requirements.

Posted by bachok alwee > 2013-12-14 21:42 | Report Abuse

psd57 gua caya sama lu!

Posted by saddiqsepakraga > 2013-12-14 22:26 | Report Abuse

roslaom, which company gets more work then?

Posted by hepitrade > 2013-12-14 22:32 | Report Abuse

Buy buy buy on mon : )

Posted by Anthony Dass > 2013-12-14 23:13 | Report Abuse

Petroliam Nasional Bhd (Petronas) has awarded the Pan Malaysia offshore transportation and installation (T&I) contracts worth some RM10bil to Barakah Offshore Petroleum Bhd, Puncak Niaga Holdings Bhd and SapuraKencana Petroleum Bhd.

Posted by prc4wifefe > 2013-12-15 08:29 | Report Abuse

Psd...best analysis seen so far ...thumbs-up....
May bank analyst later sure copY and paste yours :-)