Posted by dell6400 > 2014-09-05 17:44 | Report Abuse

Saudi good news coming? why keep on dropping? or........

Posted by Engineer > 2014-09-06 14:43 | Report Abuse

Same to SKPETRO... more +ive news... but dropping

Posted by dell6400 > 2014-09-07 14:43 | Report Abuse

Should i leverage my price?

Posted by sharmanisa > 2014-09-08 08:37 | Report Abuse

Buy! Buy! Buy!

Posted by D' Atuk K > 2014-09-08 10:37 | Report Abuse

Why sharmanisa, any gud news?

Posted by jenabchen123 > 2014-09-08 10:54 | Report Abuse

Bought! Now watching.

Posted by sharmanisa > 2014-09-08 11:25 | Report Abuse

Yes... Just see thru technical & fundamental analysis.. & report given.. 1.45 is good price to buy..
Stock will rally up..!!

Posted by jenabchen123 > 2014-09-08 12:17 | Report Abuse

Add lagi satu lorry. 1.45 is indeed good support.

Posted by dell6400 > 2014-09-08 13:44 | Report Abuse

Jenabchen123, may i know what is satu lorry?

Posted by tchaipeng > 2014-09-08 15:29 | Report Abuse

Better second half expected for O&G players
Written by UOB Kay Hian
Mon Sep 08 2014 10:32:51 am
Oil and gas sector

Maintain overweight: It was a mixed set of results for the first half of 2014 (1H14). Half of the oil and gas (O&G) companies in our O&G universe reported results that were within our estimates but the other half disappointed.

Notable disappointments included Bumi Armada Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) and Perisai Petroleum Teknologi Bhd. Both SapuraKencana Petroleum Bhd and Yinson Holdings Bhd will only release their first-half results later this month as their financial years end in January.

Bumi Armada surprised the market as it recorded lower utilisation rates for its offshore support vessel (OSV) and transportation and installation (T&I) divisions, leading to its earnings missing our estimates.

On the other hand, Perisai Petroleum continued to report weak earnings due to the non-charter of its mobile offshore production unit (MOPU) and derrick lay barge (DLB) while MHB faced operation issues, resulting in its inability to complete its projects on time.

Following a strong start in the first quarter (1Q14), we noticed that there has been substantial profit taking on small- and mid-capped companies in the O&G space. We expect a strong rebound to take place, led by Deleum Bhd, Yinson and Barakah Offshore Petroleum Bhd on the back of having secured new contracts and more work orders.

We expect 2H14 to be a better half for most O&G companies as activities ramp up before we enter the monsoon season in the late 4Q14.

We advocate investors to stay invested in companies that have a solid execution track record. The key themes that support our investment thesis include: (i) Petroliam Nasional Bhd’s (Petronas) capital expenditure programme to beef up domestic production; (ii) marginal oilfield awards; (iii) more enhanced oil recovery (EOR) initiatives; and (iv) the development of Petronas’ refinery and petrochemical integrated development project and associated facilities costing US$27 billion (RM85.9 billion) in total.

Within the four sub-sectors in our O&G universe, we downgrade heavy engineering to “market weight” as the macro outlook for the engineering, procurement and construction business remains negative. We leave the rest unchanged. — UOB Kay Hian, Sept 5


This article first appeared in The Edge Financial Daily, on September 8, 2014.

Posted by smalltimer > 2014-09-08 15:30 | Report Abuse

Barakah Offshore Petroleum Bhd (Barakah) is expected to receive the final word on its US$1 billion (RM3.26 billion) tender for a five-year contract from Saudi Arabia’snational oil and gas company, Saudi Aramco, in August. ?????

Read more: Barakah to know result of US$1b Saudi tender in Aug - Nation - New Straits Times http://www2.nst.com.my/business/nation/barakah-to-know-result-of-us-1b-saudi-tender-in-aug-1.588325#ixzz3ChtpKSvz

Posted by tchaipeng > 2014-09-08 15:30 | Report Abuse

Still advocate to buy at this cheap valuation, buy with no fear. Keep buying.. Good news will emerge soon!

Posted by honestlee > 2014-09-08 18:03 | Report Abuse

http://research.uobkayhian.com/content_download.jsp?id=23813&h=b5577aba45689865029e06cbcfed73ca

VALUATION/RECOMMENDATION
• Maintain BUY and target price of RM1.95, pegged to 14x its fully diluted FY15F PE (we
assume full conversion of RCULS and the exercise of ESOS options). Our target PE is
conservative as it is at a 15% discount to the sector’s 16.5x. We believe a re-rating could
take place if the company is able to execute its orderbook. Assuming the stock re-rates to
the sector average, our target price could be raised to RM2.24

Posted by honestlee > 2014-09-08 18:04 | Report Abuse

RCULS: A cheaper proxy. Barakah’s RCULS, which could be converted from Oct 14
onwards, is a cheaper proxy (trading at a 10.6% discount) to its mother share. It is highly
unlikely for Barakah to redeem the RCULS as the loan stocks were issued to refinance its
debt for purchasing KL101. Thus, redemption (only possible in Apr 15) would mean
higher cost of funds to the company. Furthermore, investors can start to convert their
RCULS to mother shares in about five months from now.

Posted by papaya > 2014-09-09 11:04 | Report Abuse

hari..hari..turun..turun..turun...

Posted by tpchuayap > 2014-09-09 15:11 | Report Abuse

Happy trading

Posted by Shareholderz > 2014-09-09 15:48 | Report Abuse

free falling

Posted by mjtung88 > 2014-09-09 16:01 | Report Abuse

rm1.20 ?

Posted by sharmanisa > 2014-09-09 16:36 | Report Abuse

Keep buying!!

Posted by JayC > 2014-09-09 16:36 | Report Abuse

basically, market is expecting the RCULS to be converted to mother share. Therefore, mother share is drinfting towards RCULS price.

After October, both RCULS/mother will be same price

Posted by sharmanisa > 2014-09-09 20:18 | Report Abuse

Thanks NickFury..

Posted by Alex Lim > 2014-09-10 05:36 | Report Abuse

LA effect?

Posted by tpchuayap > 2014-09-10 09:25 | Report Abuse

Happy Trading

Posted by ssong > 2014-09-10 10:15 | Report Abuse

Still can hold this lot?

Posted by Shareholderz > 2014-09-10 10:31 | Report Abuse

resistance seems to be at 1.4

Posted by JayC > 2014-09-10 11:12 | Report Abuse

i thought the cut off day is 25th October. Why is 24 Sept critical?

Posted by crawler > 2014-09-10 14:36 | Report Abuse

don't catch the falling knife

Posted by Shareholderz > 2014-09-10 14:54 | Report Abuse

support at 1.38

Posted by Shareholderz > 2014-09-10 15:02 | Report Abuse

closing at 1.42 today

Posted by trustme932 > 2014-09-10 16:20 | Report Abuse

Connie...i will be collecting bara on the next dip.it may be a bit too soon.I strongly feel that it will stay between 1.36 to 1.53 after this week(closing points))

Posted by Shareholderz > 2014-09-10 22:24 | Report Abuse

rebound tmr

Posted by connie > 2014-09-11 08:16 | Report Abuse

good morning trustme932 ... will be delighted to be onboard with you on this ship !!! trust u fully to navigate this ship to sail north :)

Posted by crawler > 2014-09-11 09:33 | Report Abuse

not the time yet dude...I am very skeptical about the LA

Posted by tpchuayap > 2014-09-11 09:51 | Report Abuse

Happy trading

Posted by dell6400 > 2014-09-11 10:20 | Report Abuse

Shareholderz, may I know based on what it will rebound today? :)

Posted by jenabchen123 > 2014-09-11 11:00 | Report Abuse

It will..... Tambah 1 lorry.

Posted by dell6400 > 2014-09-11 11:17 | Report Abuse

jenabchen123, what is the new "good support"? :)

Posted by dell6400 > 2014-09-11 11:19 | Report Abuse

just curious why so many 100/400 unit transactions at 1.40.....?

Posted by sharmanisa > 2014-09-12 10:27 | Report Abuse

Rallying up!!!

Posted by sharmanisa > 2014-09-12 12:49 | Report Abuse

Hmmm... Yes.. Agree with u Joerakmo.

Posted by jenabchen123 > 2014-09-12 16:07 | Report Abuse

Still buying interest far much higher than interest to sell. Sellers will dry up soon and Barakah will zoom up. Thinking of piling up some more.

Posted by easymoney > 2014-09-12 17:13 | Report Abuse

Bought some today... testing testing....

Posted by NewBeginner > 2014-09-12 17:52 | Report Abuse

news for tender with saudi aramco to be announced by 14th september?

Posted by aliciateo > 2014-09-12 18:52 | Report Abuse

where u get de news source newbeginner

Posted by NewBeginner > 2014-09-13 16:51 | Report Abuse

or it just means by september 2014 ... lol

Posted by amunia > 2014-09-14 17:18 | Report Abuse

me too... bought some :) looks like gonna reverse

Posted by jenabchen123 > 2014-09-15 01:41 | Report Abuse

Sleep tight. Don't let the bugs bite. Crazy morning comes tomorrow.

Posted by skyz > 2014-09-15 16:48 | Report Abuse

somebody must be behind the price direction of this counter. i can't wait to just breakeven and get the heck out of this counter :(

Posted by Alex Lim > 2014-09-17 17:41 | Report Abuse

Damn. Keep dropping

Posted by Lollipot Anison > 2014-09-17 17:55 | Report Abuse

i'm tempted to buy this now. excellent entry price.