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

DreamHunter

10,922 posts

Posted by DreamHunter > 2013-12-25 01:13 | Report Abuse

I'm seriously considering widening my portfolio to cover Barakah. But right now all my cap has been sunk into Sumatec. Maybe after Suma has given me some substantial prof, then I'll diversify my resources into Barakah. Its looking rather attractive. But a lower price than now would be an even better deal.

caven101

911 posts

Posted by caven101 > 2013-12-25 02:28 | Report Abuse

BARAKAH is more stable counter. Announcement from company also come out get contract from petronas but dont know what the reason still high selling volume. Week before all investor keep on base on news jump to HIBISCUS PETROLEUM BHD now confirm some bad news announced by HIBISCUS http://www.bursamalaysia.com/market/listed-companies/company-announcements/1501081

so sure will have a lot investor jump back to BARAKAH after this Christmas. Waiting for Barakah Victory soon.....

papa

216 posts

Posted by papa > 2013-12-25 14:17 | Report Abuse

最近刚冒起的油气股新星BARAKAH(巴拉卡岸外,7251,主板贸服组),其股价从上市初期的RM0.65,短短一个月内就已开了一翻,目前股价处于RM1.55。

BARAKAH的前生是VASTALX(VASTALUX能源),于2008年上市当年的第二板,可是才上市没多久,公司的业绩就开始每况愈下。

在2010年时,VASTALX更遭遇了致命一击,其承包商执照被国家石油(Petronas)终止,此后公司便一厥不振,进而被列入PN17公司行列。

庆幸的是,公司后来找来了BARAKAH这白武士,最终以3股换65股比例倒置收购BARAKAH,之后再将上市地为转移给BARAKAH。

VASTALX从此脱胎换骨,改名BARAKAH后,公司也开始取得不俗的业绩。

在截至2012年9月30日止财政年,BARAKAH取得2亿9890万令吉的营业额,至于净利方面则取得4106万令吉。

BARAKAH的核心业务为调试工程、岸外运输和安装、衔接与调试、岸內管道及建设的承建与委託工程(EPCC),以及船舶管理和租船业务。

在上市时,BARAKAH已拥有不少工程合约(网友所提供的资料):
1)为PETROFAC,NEWFIELD & TALISMAN 提供HUC工程,总值4.95亿令吉;
2)为 KPOC 提供 T&L 工程,总值7400万令吉;
3)为国油提供管道调试工程,总值7300万令吉;
4)为国油 PRAI 2 横向天然气管道提供采购,建筑和启用服务 ,总值9400万令吉;
5)为KPOC提供抽水,烘干和干燥保存服务,总值2000万令吉;

以上这些合约合共7亿5600万令吉,足以让BARAKAH在未来的两年赚取每年4000万令吉的净利,换成每股净利最少8仙。

原本该公司的股价应该已到达顶点了(j19倍本益比),但是最近一份新的合约又让分析员重新评估这家公司。

12月13日(上星期五),国家石油颁发了总值100亿令吉的泛马油气计划(Pan Malaysia)岸外运输和组装(T&I)合约,共有三家公司受惠,BARAKAH便是其中一家。

据悉,BARAKAH所获得的配套总值约15亿令吉,合约为期3年。再加上之前的合约,目前该公司手上的合约总额已达到22亿令吉以上。

这份新合约在未来对该公司能够做出多少贡献?

根据BARAKAH的财报来做分析,它的净利率(net profit margin)大约是13.7%,15亿的合约分三年执行,那就是每年将贡献5亿令吉的营业额,如果依然维持13.7%的净赚副,那公司每年将可从这份合约净赚6850万令吉。

所以只是这份新合约,每年对该公司所作的净利贡献就已经有11仙了,再加上其他合约的8仙, BARAKAH未来的业绩将可能达到每股19仙的净利。当然,真正执行该项合约的时候,其所带来的贡献可能也未必如此。

如果我们以19仙净利作为未来的参考值,以油气领域的20倍本益比来计算,将来其股价要走高至RM3.80也并非不可能。

Posted by Lollipot Anison > 2013-12-25 15:45 | Report Abuse

Another wave of ascending is in the sight considering Barakah is one of the final 3 bidders for the T&I project(similar to Pan Malaysia contract) in Saudi Arabia. The result will be announced in mid-Feb 2014

caven101

911 posts

Posted by caven101 > 2013-12-26 09:16 | Report Abuse

HI Barakah Investor...morning. ready for today trading....

Azli

1,082 posts

Posted by Azli > 2013-12-26 09:36 | Report Abuse

Yes, ready...

caven101

911 posts

Posted by caven101 > 2013-12-26 09:45 | Report Abuse

still too high seller. buyer still not much. need some project announcement to continue push up the buyer.

Joel

4,580 posts

Posted by Joel > 2013-12-26 12:09 | Report Abuse

Good info to us as a Barakah's share holders.
Thanks!
Hold tight/buy in Barakah's share b4 fly to next higher price.

Joel

4,580 posts

Posted by Joel > 2013-12-26 12:09 | Report Abuse

Thanks,...papa.
Bcos share with us the info.

invest2mil

372 posts

Posted by invest2mil > 2013-12-26 19:14 | Report Abuse

Sell off will begin ! Be cautious !

8u29song

2,850 posts

Posted by 8u29song > 2013-12-26 19:20 | Report Abuse

come, come, come, sell it off...

my shining star of 2014 !!!

ycbang

468 posts

Posted by ycbang > 2013-12-26 19:21 | Report Abuse

Barakah cheapest oil and gas stock...

micky92

759 posts

Posted by micky92 > 2013-12-26 20:23 | Report Abuse

why worry directors buying @1.49...

Tommylim

335 posts

Posted by Tommylim > 2013-12-27 09:52 | Report Abuse

I am very new here. Please advise if Barakah good to buy? Read this tread by JayC about Barakah that Mokhzani has joined Barakah.

Posted by JayC on 27/12/2013 09.46 in SKPet tread : mahathir son, mokhzani went over to barakah petroleum. so expect barakah to clinch some major project

lobster

58 posts

Posted by lobster > 2013-12-27 09:58 | Report Abuse

Bad sign. You need to valuate the average buying price that this director is holding after acquiring new shares... its so insignificant!

8u29song

2,850 posts

Posted by 8u29song > 2013-12-27 10:18 | Report Abuse

be cautious ! it is shooting up.....

psd57

2,314 posts

Posted by psd57 > 2013-12-27 10:19 | Report Abuse

Stay invested with Barakah. More news to come. Among the performing stocks come 2014.

8u29song

2,850 posts

Posted by 8u29song > 2013-12-27 10:22 | Report Abuse

can, put on your expensive dress !

Posted by Lollipot Anison > 2013-12-27 10:28 | Report Abuse

but the sell queue still lot.

meena

1,072 posts

Posted by meena > 2013-12-27 11:16 | Report Abuse

wellcal good to invest....next week above 4.15
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1496877

psd57

2,314 posts

Posted by psd57 > 2013-12-27 11:31 | Report Abuse

meena: this is BARAKAH forum. Why this post?

Joel

4,580 posts

Posted by Joel > 2013-12-27 11:37 | Report Abuse

we should discuss Barakah.

jenabchen123

1,219 posts

Posted by jenabchen123 > 2013-12-27 11:40 | Report Abuse

Yeah Meena, don't be squatters!

Hunkyman

207 posts

Posted by Hunkyman > 2013-12-27 12:35 | Report Abuse

Focus

hepitrade

5,290 posts

Posted by hepitrade > 2013-12-27 12:42 | Report Abuse

jus up and down few cents BArakh... let's see how the shows in the afternoon.. hehe

Posted by Lollipot Anison > 2013-12-27 12:59 | Report Abuse

Gogogo. engine start

ran777

308 posts

Posted by ran777 > 2013-12-27 13:12 | Report Abuse

Let barakah investors know something that is hapening around.

jenabchen123

1,219 posts

Posted by jenabchen123 > 2013-12-27 14:01 | Report Abuse

Jangan gelojoh. Nanti jadi Hibiscus. Slow and steady naik, pause, naik lagi, pause, naik dan naik. TP 2 for the short term.

jenabchen123

1,219 posts

Posted by jenabchen123 > 2013-12-27 14:05 | Report Abuse

But February news could be game changing. It could cause steep rise as their foray is in the energy oil n gas land. The mother of oil n gas. And if Barakah perform well ......

caven101

911 posts

Posted by caven101 > 2013-12-27 14:43 | Report Abuse

please lah...barakah forum discuss only barakah. discuss other share how good also not related us lah...make our mood not there only. Barakah supporter we need focus barakah...if other share go other forum saja lah.

emma

281 posts

Posted by emma > 2013-12-27 15:12 | Report Abuse

Jenab; wat news on feb. .?good or bad news?

Posted by Lollipot Anison > 2013-12-27 15:36 | Report Abuse

the feb news is basically whether Barakah get the T&I contract(5 years) in Saudi Arabia. Barakah is one of the final 3 shortlisted candidates.

Icing

4 posts

Posted by Icing > 2013-12-27 15:37 | Report Abuse

plain speculation and wishful thinking is the key to losses

emma

281 posts

Posted by emma > 2013-12-27 15:50 | Report Abuse

Lollipot : if cnt get the project thn barakah will drop ...?

caven101

911 posts

Posted by caven101 > 2013-12-27 15:52 | Report Abuse

emma project already in hand from petronas 2014 so no need worry. now only look for more and more project to let BARAKAH in more higher level only.

Posted by Lollipot Anison > 2013-12-27 16:15 | Report Abuse

earlier Barakah has already bagged the petronas project.so no worries

ccInvest

120 posts

Posted by ccInvest > 2013-12-27 16:24 | Report Abuse

engine power not strong enough. high sell off!

emma

281 posts

Posted by emma > 2013-12-27 16:25 | Report Abuse

Ok. ..tonite i can sleep well ..
Thx all

ccInvest

120 posts

Posted by ccInvest > 2013-12-27 16:47 | Report Abuse

Barakah director buying own shares. Does this mean something?
im new in shares market. learn to read the news.

Posted by Lollipot Anison > 2013-12-27 17:02 | Report Abuse

hopefully next week will seal further! happy holiday Barakah Investors!

DreamHunter

10,922 posts

Posted by DreamHunter > 2013-12-28 17:03 | Report Abuse

More for long term la, this one.

tewnama

4,251 posts

Posted by tewnama > 2013-12-28 17:08 | Report Abuse

berapa lama?

DreamHunter

10,922 posts

Posted by DreamHunter > 2013-12-28 21:00 | Report Abuse

Six moths, at least. Just a personal guess.

jason71

43 posts

Posted by jason71 > 2013-12-28 21:15 | Report Abuse

this type K chart was a long term invest stock.....cheers~~~~

jason71

43 posts

Posted by jason71 > 2013-12-28 21:17 | Report Abuse

maybe will be another Dsonic!!!!!

ktrader

1,887 posts

Posted by ktrader > 2013-12-28 21:31 | Report Abuse

Jason, cannot laa...unlike dsonic before split, barakah no of shares are large...hence, difficult to move up with large quantum....

DreamHunter

10,922 posts

Posted by DreamHunter > 2013-12-28 21:45 | Report Abuse

Not another Dsonic la, probably. But maybe another Dayang, Deleum or SKP.

Risk Trader

3,942 posts

Posted by Risk Trader > 2013-12-29 12:15 | Report Abuse

In short term TP more then RM2.00.....

DreamHunter

10,922 posts

Posted by DreamHunter > 2013-12-29 12:39 | Report Abuse

Like dat can buy lor, around 1.48 - 1.54.

Risk Trader

3,942 posts

Posted by Risk Trader > 2013-12-29 14:12 | Report Abuse

Will follow sk petro price... .best buy at current price

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