Posted by hobbits > 2013-11-15 14:36 | Report Abuse

Don't worry. It's gonna hit the tp above 1.80. They had won the petronas contract.

Posted by slts > 2013-11-15 14:42 | Report Abuse

old news....tp 1.00 by hlb

Posted by prc4wifefe > 2013-11-15 14:43 | Report Abuse

Barakah got billion dollar contract from petronas...wow

Posted by caven101 > 2013-11-15 14:45 | Report Abuse

prc4wifefe where you get the news? no in bursa also

Posted by fayzspace > 2013-11-15 14:47 | Report Abuse

walauwe they have just won the contract from petronas.. 5 year work billion ringgit worth..

http://www.thestar.com.my/Business/Business-News/2013/11/15/PETRONAS-AWARDS-13PACKAGE-RM10-BLN-CONTRACT-TO-6-LOCAL-FIRMS.aspx

Posted by caven101 > 2013-11-15 14:52 | Report Abuse

fayzspace the contact got mention is allocate to barakah? if got why barakah don't want announce news?

Posted by iafx > 2013-11-15 14:57 | Report Abuse

PBJV Group. sell down from 1.38... looks like insider already waiting for this news for disposal.

Posted by psd57 > 2013-11-15 14:57 | Report Abuse

fayzspace I read ur STAR on-line article above. Don't see Barakah as one of the contractors. Pl correct me

Posted by cristiano7mu > 2013-11-15 14:58 | Report Abuse

PBJV Sdn Bhd = Barakah

Posted by caven101 > 2013-11-15 14:59 | Report Abuse

cristiano7mu thanks for your info. if you not tell us we don't know PBJV Sdn Bhd = Barakah. thanks a lot. that is a good news for barakah holder.

Posted by minshome > 2013-11-15 15:03 | Report Abuse

so news out liao ...will it drop ?

Posted by prc4wifefe > 2013-11-15 15:06 | Report Abuse

Depends on the target price after this contract award

Posted by psd57 > 2013-11-15 15:07 | Report Abuse

The next job for BARAKAH will be the much awaited 8 billion Pan Malaysia’s 'Integrated Transportation & Installation' Project. The stock would be valued at a much higher valuation of RM2.63/share

Their strong connection with PETRONAS

Posted by caven101 > 2013-11-15 15:08 | Report Abuse

i think still will up. cause buyer volume keep on increasing. is a good sign for this company.

Posted by psd57 > 2013-11-15 15:11 | Report Abuse

Business News

Published: Friday November 15, 2013 MYT 1:32:00 PM
Updated: Friday November 15, 2013 MYT 2:28:12 PM

Petronas awards 13-package RM10bil contract to local firms

KUALA LUMPUR: Petronas has awarded a major 13-package, five-year offshore services contract with a total work value of about RM10bil to six local providers.

The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract was awarded to Kencana HL Sdn Bhd, Dayang Enterprise Sdn Bhd, Petra Resources Sdn Bhd, PBVJ Sdn Bhd, Carimin Engineering Services Sdn Bhd and Sigur Ros Sdn Bhd for five years beginning this year. The contract involves hook-up, commissioning, maintenance services for offshore facilities and manpower requirements for the execution of the respective work scope.

"The award of this major contract is PETRONAS' acknowledgment of the capability of local service providers, including Bumiputera companies," said Petronas Vice President of Petroleum Management Ramlan A. Malek in a statement today.

The six contractors will be providing hook-up and commissioning and topside major maintenance services to nine Petronas production sharing contractors, including Petronas Carigali Sdn Bhd, Sarawak Shell Bhd, Sabah Shell Petroleum Co Ltd and ExxonMobil Exploration and Production Malaysia Inc.

The Pan Malaysia Integrated Hook-Up and Commissioning and Topside Major Maintenance Contract is one of Petronas' largest service contracts currently in place.

It is part of Petronas' continuous efforts to further optimise project deliveries and offshore activities in terms of costs and schedule while at the same time drive and support the growth of capabilities among Malaysian service contractors. - Bernama

Posted by psd57 > 2013-11-15 15:15 | Report Abuse

Barakah started moving!!

Posted by ruslimz > 2013-11-15 15:21 | Report Abuse

according to the star report, barakah portion is around RM 3b for 5 years. Announcement by barakah for this award should be this afternoon before market close

Posted by caven101 > 2013-11-15 15:21 | Report Abuse

psd57 sure start moving cause Petronas has awarded. Major 13-package, five-year offshore services contract with a total work value of about RM10bil to six local providers one of it is barakah oh...wakakaaka ready for celebration all barakah investor

Posted by prc4wifefe > 2013-11-15 15:22 | Report Abuse

slts old news....tp 1.00 by hlb 15/11/2013 14:42

Sell...sell...sell....hehe

Posted by hobbits > 2013-11-15 15:24 | Report Abuse

Barakah is still the cheapest share among all the oil and gas counter. With this long term contract on hand, it should be well above 1.80 / 2.00

Posted by hobbits > 2013-11-15 15:25 | Report Abuse

Prc xXxX, I'm sure u would be happy if we sell our stock too soon to you. U can wait for 1.00 while we make good profits

Posted by caven101 > 2013-11-15 15:28 | Report Abuse

wont get on 1.00 one lah...now in uptrend volume keep on increasing now. everyone also know this counter is the still the cheapest share among all the oil and gas counter. to find profit sure will invest here.

Posted by psd57 > 2013-11-15 15:28 | Report Abuse

Prc !*@@ Wait for the cows to come home for ur desired tp!!

Posted by psd57 > 2013-11-15 15:35 | Report Abuse

ruslimz. Thks bro for the info. Will look forward towards the announcement this evening.

Posted by ruslimz > 2013-11-15 15:53 | Report Abuse

next week analyst will come out with new evaluation for barakah.....lets wait for new TP

Posted by psd57 > 2013-11-15 15:59 | Report Abuse

ruslimz. Agreed bro, high time for new TP. The next big Petronas award is the 8 billion Pan Malaysia 'Integrated Transportation & Installation' ('T&I') job, which is BARAKAH's specialty

Posted by ruslimz > 2013-11-15 16:13 | Report Abuse

if market can absorb big force selling for to day and monday..barakah will break previous high 1.42 next week for a ride to 1.50....

Posted by caven101 > 2013-11-15 17:40 | Report Abuse

trend is always up. really hope monday could turbo fix and continue to another High.

Posted by nicky > 2013-11-15 19:23 | Report Abuse

LA ??? down

Posted by prc4wifefe > 2013-11-15 20:39 | Report Abuse

LA premium over mother share liao...adjusting

Posted by KAQ4468 > 2013-11-17 23:34 | Report Abuse

Wait for correction or consolidation to invest . Don’t chase the high

Posted by KAQ4468 > 2013-11-17 23:47 | Report Abuse

Market already overbought and beliaved i can acquired Barakah Offshore as low as RM 1.00 during consolidation period.

Posted by caven101 > 2013-11-18 06:11 | Report Abuse

today will be good start. wait for 1.40 (^_^)b

Posted by Trisven > 2013-11-18 09:08 | Report Abuse

y the contract announcement didn't move the stock to new high? =(

Posted by iafx > 2013-11-18 09:12 | Report Abuse

already moved, sell on news now

Posted by thlim123 > 2013-11-18 09:13 | Report Abuse

Trisven, factor in d

Posted by Trisven > 2013-11-18 09:18 | Report Abuse

thlim123, so means the news not really a big surprise to everyone coz ppl already expected on that?

Posted by ruslimz > 2013-11-18 09:30 | Report Abuse

chaeted by petronas......I waited for the announcement by barakah in bursa....but no announcement.....why ?????? because announcement by petronas are actually old contracts....for barakah contract awarded few months before listing.For dayang,contract awarded in may......so the news is basi already.......and factored in already.....

Posted by thlim123 > 2013-11-18 09:31 | Report Abuse

Yap... Just my opinion, if you buy d, take partial profit and see can break resistant at 1.42 with high volume, if yes changes the price can go higher...

Posted by caven101 > 2013-11-18 11:40 | Report Abuse

Today is IPO Listing for Berjaya Auto Berhad IPO Price is 0.70 now is 1.95 gain 1.25. All investor now concentrate on that counter. while buyer volume drop sure will affect a bit once they get profit they will switch back GAS and OIL counter. barakah is the most cheaper counter compare with other...be patient

Posted by prc4wifefe > 2013-11-18 12:07 | Report Abuse

don't worry ruslimz...there's another one contract 1-2billion RM...to be announced soon...playoff between Barakah and T Ennergy

Posted by prc4wifefe > 2013-11-18 12:09 | Report Abuse

from Maybank Reearch...

Barakah: To bag MYR3b Petronas job? Barakah Offshore Petroleum Bhd which made an impressive debut on Bursa recently, is said to be on track to bag a lucrative MYR2.8b Petronas job for a period of three years. Barakah is likely to get a transportation and installation (T&I) job in the next few weeks. (Source: Focus Malaysia)

Posted by caven101 > 2013-11-18 12:14 | Report Abuse

prc4wifefe only the barakah announcement will do let them feel comfortable. now all of them worry on overbought.

Posted by prc4wifefe > 2013-11-18 12:57 | Report Abuse

sell...sell...sell...hehehehe

Posted by ktrader > 2013-11-18 13:13 | Report Abuse

BUY...BUY...BUY.... BUY ON DIPS....WONT BE LONG TO SAY BYE BYE TO 1.40 ..CAYALAHHH...

Posted by psd57 > 2013-11-18 14:43 | Report Abuse

excellent growth potential stock. Be patient

Posted by caven101 > 2013-11-18 14:45 | Report Abuse

who believe on this counter just hold and buy...who are not believe on this counter just sell...cause money is your so you could make your decision. some one take profit and buy when drop. some believe it wont drop will continue shine. this is investment sure have up and down. just to say good luck to barakah supporter.

Posted by hello88 > 2013-11-18 14:54 | Report Abuse

is it worth to buy Barakah - LA?

Posted by prc4wifefe > 2013-11-18 15:25 | Report Abuse

LA might be overpriced liao...that why red whole day

Posted by ruslimz > 2013-11-18 15:38 | Report Abuse

it is overbought....it has to consolidate first...