Posted by emmelie > 2014-04-22 15:34 | Report Abuse

When will Q1 financial report out?

Posted by keyin > 2014-04-23 18:29 | Report Abuse

Zzzz

Posted by t816b > 2014-04-23 19:03 | Report Abuse

Barakah Offshore Petroleum Berhad ("Barakah" or the "Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd, in a Consortium with CPM Construction Sdn Bhd, has received a letter of award from PETRONAS Gas Berhad for the procurement, construction and commissioning of Pengerang Pipeline ("Contract").


Work for the Contract is expected to commence immediately and is scheduled to be completed by Q2 2016.


The value of the Contract is estimated at RM260 million. PBJV Group Sdn Bhd has 50% share of the liabilities and obligations in respect of the Contract and 50% share of the benefits and profits to be derived from the Contract by the Consortium. The Contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the Contract.


Risk factors affecting the Contract include, but not limited to, execution risks such as availability of skilled manpower and materials and changes in prices of materials. Barakah Group has, throughout the years, established its track record and expertise to undertake such projects.


As such, the management believes that Barakah Group is able to mitigate the abovementioned risk factors.


None of the Directors and/or major shareholders and/or persons connected with the Directors and/or major shareholders of the Company has any direct or indirect interest in the Contract.


This announcement is dated 23 April 2014.

Posted by keyin > 2014-04-23 19:23 | Report Abuse

Tomorrow uptrend?

Posted by Alex Lim > 2014-04-23 19:59 | Report Abuse

up up up....it is time.....rocket like Alam

Posted by hasruld > 2014-04-23 21:10 | Report Abuse

Wah new project..sure go up tomorow

Posted by zamsaham > 2014-04-23 22:46 | Report Abuse

news already leaked 3 days back. As usual, sell on news, sigh

Posted by machiaveli > 2014-04-24 09:12 | Report Abuse

Will fall back to 1.55 in a few days... sell now buy then

Posted by ssong > 2014-04-24 09:19 | Report Abuse

why la can fall back??

Posted by lola88 > 2014-04-24 09:36 | Report Abuse

Hold on tight!!

Posted by keyin > 2014-04-24 11:24 | Report Abuse

This week tp is??

Posted by 8u29song > 2014-04-24 12:38 | Report Abuse

this one i keep till rm3.00, within a year !

Posted by ssong > 2014-04-24 12:52 | Report Abuse

Me too.... sure will up

Posted by alvinng1958 > 2014-04-24 13:08 | Report Abuse

Hi Guys, my name is Alvin Ng, would like to join in to kepo kepo, Am I welcome? I just bought it at 1.61 yesterday, can it go up in a few days time? Hope so la.

Posted by qwertyuiop > 2014-04-24 14:44 | Report Abuse

lol, this stock just keep until 3++ la. sure reach within 1 - 1.5 year

Posted by qwertyuiop > 2014-04-24 14:45 | Report Abuse

Petronas's heng dai, kept on giving contracts to it. as mentioned, another puncak and skpetro

Posted by Paco > 2014-04-24 15:25 | Report Abuse

buy this week before it's too late. The Saudi job is within 14 days to announcement.

Posted by hasruld > 2014-04-24 18:39 | Report Abuse

yes barakah is for long-term one..I also keep some..

Posted by steelheart > 2014-04-25 00:18 | Report Abuse

Nice....Barakah boleh!!!!!!!!

Posted by machiaveli > 2014-04-25 08:34 | Report Abuse

Rating Downgrade to MARKET PERFORM from OUTPERFORM

Given lower upside of 8.1% to current share price, we are downgrading our call to MARKET PERFORM. We believe that new wins will be muted for now until project in Arab Saudi comes into play.

Valuation Our target price of RM1.74 is based on CY15 target PER of 13x.

We believe our valuation for BARAKAH is still reasonable as we are valuing it at a 13.3% discount to the 15.0x PER ascribed to industry peers such as ALAM (OP; TP: RM2.07) given its smaller asset base (it currently owns only one pipe-lay support vessel).

Risks to Our Call (i) A downturn in the oil & gas sector could result in delays in contract rollouts.

(ii) Delay in the Pan-Malaysia’s T&I project execution, which will reduce the potential earnings being factored in our forecasts.

(ii) Lower-than-expected margins.

Source: Kenanga

Posted by winwin007 > 2014-04-25 11:43 | Report Abuse

just bought this at 1.66

Posted by min35 > 2014-04-25 12:16 | Report Abuse

today slow moving hope it will rise up today lor

Posted by nicermannson > 2014-04-25 12:36 | Report Abuse

Maybe kenanga want to accumulate.

Posted by steelheart > 2014-04-25 13:15 | Report Abuse

winwin007, I think you made the right choice. Good to hold for long term. once projects completed and accounted for then financials will be booming. Good news for all Barakah shareholders!!!!

Posted by steelheart > 2014-04-25 13:15 | Report Abuse

Barakah boleh!!!!!!!!!!!!!

Posted by happytrading > 2014-04-25 14:07 | Report Abuse

Barakah is slow motion stock, must have patience to keep it longer, else you can't wait for it to growth

Posted by winwin007 > 2014-04-25 17:36 | Report Abuse

Sold inari this morning so hand itchy..cannot see got balance in my share trading account..hehe..and got recommendation from starbiz..so test water abit...steelheart..hopefully can get some profit here..:)

Posted by FPCInvestor > 2014-04-28 16:06 | Report Abuse

can stil enter dis counter?looks like keeep dropping

Posted by chiongster1234 > 2014-04-28 18:12 | Report Abuse

falling rainbow...accumulate at lower price?-.-\\

Posted by bkwoh > 2014-04-29 10:57 | Report Abuse

753 counters are down so far... Ukraine war has started ?

Posted by tchaipeng > 2014-04-29 19:55 | Report Abuse

KUALA LUMPUR: Maybank IB Research maintains its "buy" call on Barakah Offshore Petroleum Bhd, following its official announcement of the Saudi Arabia transportation and installation contract in February and its existing backlog of orders.
The contract, estimated to yield between RM50 million and RM70 million per year, with a total value of up to RM2.5 billion, will see Barakah having a 85:15 partnership with a local operator there. This is the major factor behind Maybank IB's decision to maintain its "buy" call.
The research house said Barakah's backlogged orders, which stands at RM2.3 billion as of this month, offers almost concrete three-year earnings visibility.
"The tender pipeline is healthy, with a combined value of RM3 billion comprising 77 projects," it said in its research report, while noting that the Saudi job would account for the bulk of the tender value.
"As it is, Barakah is confident of consistently replenishing orders worth between RM600 million and RM700 million," it added.
Maybank IB has maintained its RM1.85 target price for Barakah.
Barakah Offshore was incorporated in Malaysia in 2012 as an investment holding company for PBJV Group Sdn Bhd (PBJV), which involved in offshore pipeline services.
PBJV has expanded its activities to include offshore transportation and installation works, hook-up and commissioning, onshore construction and underwater services.


Read more: Barakah's 'buy' stays on Saudi deal - General - New Straits Times

Posted by tchaipeng > 2014-04-30 11:03 | Report Abuse

Continue buying Barakah and support "up up" move of the stock price:

PETALING JAYA: Barakah Offshore Petroleum Bhd, anxiously awaiting the outcome of a multibillion-ringgit Saudi Arabian contract, will expand its presence in the Gulf irrespective of whether it bags the Saudi job.

Barakah, riding high since going public in November, is putting in place bids for 77 projects totalling RM3 bil, including the transportation and installation (T&I) job in Saudi Arabia that could be worth RM2.5 bil.

The company sees the Saudi Arabian bid as the start of its international expansion. “We are looking at increasing our overseas business, because in terms of risk, we cannot rely just on Malaysia and Petronas, although we have our roots here. We have a marketing office [in Saudi Arabia] and will continue to bid for jobs in the area, regardless of whether we win the job,” says Barakah vice-president and chief financial officer Firdauz Edmin Mokhtar.

Barakah is one of three O&G companies shortlisted for the Saudi Arabian contract, the winner of which will be announced at the end of this month, say analysts at Maybank IB Research.

At the moment, Barakah’s operations in Saudi Arabia are limited to a marketing team and an 85:15 joint-venture with a local firm called PBJV Gulf Pte Ltd. The 15% equity was given to a Saudi Arabian company as part of requirements for setting up a business and bidding for jobs in the country. Should the Barakah bid be successful, it will have a year to set up its shore base.

The Saudi job is similar to the Petronas T&I Package A works it secured in December, with the exception of higher day rates. Higher day rates translate into better margins, and Syed Abdul Rahim says this is a standard for jobs open for tender in the country. The job could contribute between RM50 mil and RM70 mil per annum to Barakah’s bottom line for the duration of the contract.

Posted by riaz > 2014-04-30 11:56 | Report Abuse

shooting star

Posted by tchaipeng > 2014-04-30 17:12 | Report Abuse

What a big leap today!! up 0.06 cts 3.68% Good job Barakah!

Posted by 陈冠江 > 2014-05-01 12:08 | Report Abuse

tomorrow will go to 1.75?

Posted by steelheart > 2014-05-01 12:18 | Report Abuse

Good job Barakah!!! Lets shoot all the way up!!! Great company!!!

Posted by steelheart > 2014-05-01 12:19 | Report Abuse

BARAKAH boleh!!!!!

Posted by knight1 > 2014-05-01 17:57 | Report Abuse

RM 2.00 sap-sap water.

Posted by johnny cash > 2014-05-02 10:09 | Report Abuse

Barakah Offshore Petroleum
(BARAKAH MK)
Technical BUY with +20.7% potential return
Last price : RM1.69
Target Price : RM1.90
Support : RM1.60
Stop-loss: RM1.58
BUY with a target price of RM1.90 with stop
loss placed below RM1.58. BARAKAH’s share
price breached the immediate resistance of
RM1.60 on 22 Apr 14 after consolidating in a
tight range since 25 Feb 14. BARAKAH had
climbed and hit a new high of RM1.69 before
profit-taking activity pulled the share price
lower. Nevertheless, the share price remained
steady above the rising trendline, thus last
Wednesday’s retest of the recent high should
signal the potential continuation of the previous
uptrend. Given the uptick in the RSI, positive
momentum should lend support to the share
price so that it can nudge higher and possibly
retest the all-time high of RM1.90 in the near
term.

Posted by Alexofb2b > 2014-05-02 10:19 | Report Abuse

Buy below 1.60000, sell above 1.7500.........hihihiiiiiii

Posted by hasruld > 2014-05-02 10:45 | Report Abuse

contra player sell

Posted by johnny cash > 2014-05-02 13:39 |

Post removed.Why?

Posted by manutdchampion > 2014-05-02 15:03 | Report Abuse

already get the contract?

Posted by Jian Bin Siew > 2014-05-02 20:23 | Report Abuse

I think LA is a cheaper proxy to enter barakah. After Oct, the conversion rate is 1 LA to 1 mother share. Means we buy barakah at RM1.38 based on closing price of barakah LA today. Wht do u think?

Posted by Jian Bin Siew > 2014-05-02 20:26 | Report Abuse

http://www.google.com/webhp?client=tablet-android-samsung&source=android-home#q=Barakah+la+by+9+of+jan+hlebroking

Posted by chinchiaho > 2014-05-03 11:23 | Report Abuse

Thats correct Jian Bin Siew,if you are willing to invest now & hold thru Oct, the reward is definitely going to be handsome. Mother share may be >2 rm by then :)

Posted by johnny cash > 2014-05-06 13:42 | Report Abuse

http://www.nst.com.my/business/nation/barakah-to-know-result-of-us-1b-saudi-tender-in-aug-1.588325

Posted by Afifmanan87 > 2014-05-07 16:15 | Report Abuse

BUY Barakah-LA and HOLD.

Posted by vicky > 2014-05-07 17:47 | Report Abuse

Hi all,can explain on buy barakah LA and conversion to mother share after Oct? A bit blur.sorry I am newbie.

Posted by winriver > 2014-05-07 21:04 | Report Abuse

Hi all,izit the Saudi tender result will be announce after Aug?

http://www.nst.com.my/business/nation/barakah-to-know-result-of-us-1b-saudi-tender-in-aug-1.588325