Posted by shukriechek > 2018-07-16 10:28 | Report Abuse

This week Handal will definitely break 0.480 level. Big brother is collecting bit by bit everyday. Don't miss the boat.

Posted by shukriechek > 2018-07-16 16:55 | Report Abuse

Tomorrow Handal will break 0.500

Posted by shukriechek > 2018-07-17 10:16 | Report Abuse

Go go go. More job from. Petronas.

Posted by shukriechek > 2018-07-18 14:59 | Report Abuse

Grab whatever price now. 0.550 should be a good price. This week this counter will fly.

Posted by shukriechek > 2018-07-18 15:01 | Report Abuse

0.500. Should grab at this price.

Posted by eatsmall > 2018-07-18 16:01 | Report Abuse

20yr punya makan..

Posted by shukriechek > 2018-07-19 09:49 | Report Abuse

Next target 0.550

Posted by thesteward > 2018-07-30 20:03 | Report Abuse

http://www.theedgemarkets.com/article/handal-sees-board-revamp-sunildeep-new-group-md-0

Posted by thesteward > 2018-07-30 20:03 | Report Abuse

Cu .60

Posted by Hunter 88 Hunter 88 > 2018-08-06 12:37 | Report Abuse

Trap only

Posted by Jolin Lai Chi Pet > 2018-08-06 12:42 | Report Abuse

uptrend until next year................ hold tight, Tp Rm1

Posted by toto123 > 2018-08-06 15:41 | Report Abuse

hope so

Posted by toto123 > 2018-08-06 15:56 | Report Abuse

keep dropping

Posted by toto123 > 2018-08-06 15:57 | Report Abuse

no buying interest

Posted by Lim Tek Wai > 2018-08-13 12:02 | Report Abuse

Keep it up !!!

Posted by Jolin Lai Chi Pet > 2018-08-20 12:26 | Report Abuse

buy on weakness................after QR release, will above 50 cents!!!!!!!!

Posted by davidlai871219 > 2018-08-20 13:48 | Report Abuse

gg.com lor

Posted by Jolin Lai Chi Pet > 2018-09-06 13:00 | Report Abuse

over sold...................... should rebound today, TP 45cents

Posted by jordanmaggie61 > 2018-09-07 11:43 | Report Abuse

Strong momentum time to invest now.

Posted by Hero Kuasa Tiga > 2018-09-07 12:02 | Report Abuse

Betoiii ke?

Posted by Hero Kuasa Tiga > 2018-09-11 12:43 | Report Abuse

Have good news tak??

Posted by Jolin Lai Chi Pet > 2018-09-12 12:26 | Report Abuse

buy before good news out......................should limit up anytime

Posted by Hero Kuasa Tiga > 2018-09-13 11:47 | Report Abuse

Jolin handal akan rebound tak?

Posted by Jolin Lai Chi Pet > 2018-09-14 12:15 | Report Abuse

guarantee rebound!!!!!!!!!!!!

Posted by Hero Kuasa Tiga > 2018-09-14 12:24 | Report Abuse

Tq for info bos

Posted by Hero Kuasa Tiga > 2018-09-18 14:08 | Report Abuse

Kenapa counter handal senyap?

Posted by jordanmaggie61 > 2018-09-18 15:22 | Report Abuse

Yahoooo ! Good profit tho, can spend more already kikiki

Posted by Jolin Lai Chi Pet > 2018-09-19 13:00 | Report Abuse

rebound!!!!!!!!!!!!!!!!so happy today

Posted by musangfoxking > 2018-10-05 15:33 | Report Abuse

no transactions for more than 30 mins!!!!

Posted by Hero Kuasa Tiga > 2018-10-16 15:16 | Report Abuse

Hari ni kenapa handal senyap??

Posted by gadgetng > 2019-03-14 14:42 | Report Abuse

nobody here?

Posted by kingsleytiu > 2019-03-14 20:25 | Report Abuse

https://www.facebook.com/gsdavechong/posts/308506236513707

Posted by CK CHAN > 2019-03-16 22:25 | Report Abuse

https://www.thesundaily.my/business/handal-resources-to-raise-up-to-rm5-04m-via-private-placement-XE655572

Posted by CK CHAN > 2019-03-16 22:29 | Report Abuse

https://www.theborneopost.com/2018/11/20/handal-resources-to-expand-to-east-malaysia/

Posted by CK CHAN > 2019-03-16 22:35 | Report Abuse

https://www.msn.com/en-my/money/topstories/handal-resources-eyes-sea-market/ar-BBPTB0K

Posted by commonsense > 2019-03-18 12:25 | Report Abuse

This company has been in the red for the past 3 financial years. The reasons most investors are suddenly turning positive on Handal are mainly on the general turnaround of the O&G industry and also the emergence of a new controlling shareholder Mr Sunildeep Singh Dhaliwal who has since July 18 replace Mallek Rizal as Handal new Managing director. However, all of this is still speculative in nature.

The recent quarterly result, still shows the company recording a core net loss of RM2mil. Even Mr Sunildeep himself mentioned that he will need 2 years to turnaround the company’s financials which means any positive result can only be seen in FY20 the earliest. Investors need to be prepared for the company to still post losses in the rest of FY19.

But worst is actually the cash balance. If you look at the most recent quarter you will see that the total cash reserve is RM16.4mil. However, RM13.3mil are cash pledge to banks which means the cash that the company can used is only RM3.2mil. Given that the company has a total current debt of RM25mil, they will need to raised cash soon in order to be able to repay some of the obligation (they are planning to do this via a RM5mil private placement soon).

If you are looking to hedge your portfolio outside of Handal Resources (due to its weak earnings outlook and liquidity issues), I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 6.7x PE based on FY18 profit of RM166mil. PB is low at only 0.7x BV.

FY19 should deliver another profit growth year to the company. Profit growth will again be driven by the performance of Perodua (via MBMR 22.6% holdings in Perodua) from the still strong sales of new Myvi, sales of SUV Aruz and the introduction of the newly revamp Alza sometime in the 2H19. Aruz which commands a higher margin compared to other models, will help improve the total profit margin of Perodua (which will flow to MBMR’s bottom line as well).

MBMR is expected to achieve a profit of RM200mil in 2019. At the current share price, the company is being valued at only 5.5x which is a lot lower than the industry average of 15x PE. As an example, UMW (another company with exposure to Perodua) is currently trading at a PE multiple of almost 20x.

Good luck.

Posted by AiOne Corner > 2019-04-11 12:38 | Report Abuse

owh.. Commonsense.. Stop it .. plzz...

Posted by sayalabur > 2019-04-16 22:16 | Report Abuse

Hi.
Highlighting a small-cap O&G co. . Handal Resources, known mostly for the cranes: manufacturing, repair & maintenance. Favelle Favco would come into mind when one thinks about crane. Peers they are, indeed.

Who/ what is Handal?
• Listed on the Bursa in 2009 with over 20 years of experience in the O&G industry. Operates in 3 countries: Malaysia, Thailand and Indonesia.
• Handal has 3 key divisions. It is principally:
(i) an integrated crane services provider (overhaul, maintenance, inspection of cranes, supply of manpower and parts/ components),
(ii) sales and manufacturer of offshore cranes and
(iii) a provider of workover projects lifting solutions (offshore crane rental, provision of manpower) & others
• These 3 segments account for 66%/ 20%/ 14% of its 12M18 revenue.
• Order backlog now stood at MYR82m. The order split by the 3 categories is as follows: 78: 19: 3.
• This is an 18M FYE; for it recently changed its FYE from Dec to Jun.
• Handal has been in a loss-making position since 2016. Its net debt/ gearing level stood at MYR8.4m/ 9.5% respectively as at end-Dec 18.

What piqued the interest?
The material development over the last 12 months was the changes to: (i) key management & major shareholders and (ii) company’s direction.

Prior to 2018, Handal was driven by Mallek Rizal (Group MD& CEO) and Joel Emanuel Heaney (Deputy MD). Dato Mohsin was the Executive chairman. They collectively owned 26.8% of Handal then.

Borneo Sea Offshore (BSO) emerged as the largest shareholder at Handal in 2018 following the acquisition of Zahari Hamzah’s entire stake (9.6%) and subsequent purchases from the open market. Zahari was the COO and ED of Handal then.

Following the entrance of BSO, there was a change in management set-up. Sunildeep Singh Dhaliwal; co-founder and director of BSO was appointed as Handal’s Group MD, replacing Mallek Rizal.

Who’s the one behind Handal?
Sunil comes across as an interesting character … refreshing, ambitious, built his contacts in East Malaysia (he turnaround Sabah Air), connected among the MY royalties circle well, just to name a few.

The Positives
Sunil has a perspective in mind on how to develop Handal. His target is primarily on the growth of the cranes business. He sees much potential/ values at its existing crane business.
• Expand Handal’s brand name to East Malaysia (old management’s ops focus was in Peninsular Malaysia then),
• Grow it regionally (Mynamar, Vietnam, Brunei, Indonesia),
• Improve cost and process management,
• Enhance capital base, with a new private placement exercise in mind (current net gearing level; 0.1x)
• Potential new asset(s) injection.
• Currently trading below its BV of MYR0.55 (at a 35% discount).
• Targets net profit of MYR30m by 2022 (3-year plan). Loss-making now.

The less Positives

• The emergence of Chan Cheu Leong (MD and CEO of Wah Seong) as a substantial shareholder raises much conjecture in the market.

Posted by sayalabur > 2019-04-16 22:17 | Report Abuse

Hi.
Highlighting a small-cap O&G co. . Handal Resources, known mostly for the cranes: manufacturing, repair & maintenance. Favelle Favco would come into mind when one thinks about crane. Peers they are, indeed.

Who/ what is Handal?
• Listed on the Bursa in 2009 with over 20 years of experience in the O&G industry. Operates in 3 countries: Malaysia, Thailand and Indonesia.
• Handal has 3 key divisions. It is principally:
(i) an integrated crane services provider (overhaul, maintenance, inspection of cranes, supply of manpower and parts/ components),
(ii) sales and manufacturer of offshore cranes and
(iii) a provider of workover projects lifting solutions (offshore crane rental, provision of manpower) & others
• These 3 segments account for 66%/ 20%/ 14% of its 12M18 revenue.
• Order backlog now stood at MYR82m. The order split by the 3 categories is as follows: 78: 19: 3.
• This is an 18M FYE; for it recently changed its FYE from Dec to Jun.
• Handal has been in a loss-making position since 2016. Its net debt/ gearing level stood at MYR8.4m/ 9.5% respectively as at end-Dec 18.

What piqued the interest?
The material development over the last 12 months was the changes to: (i) key management & major shareholders and (ii) company’s direction.

Prior to 2018, Handal was driven by Mallek Rizal (Group MD& CEO) and Joel Emanuel Heaney (Deputy MD). Dato Mohsin was the Executive chairman. They collectively owned 26.8% of Handal then.

Borneo Sea Offshore (BSO) emerged as the largest shareholder at Handal in 2018 following the acquisition of Zahari Hamzah’s entire stake (9.6%) and subsequent purchases from the open market. Zahari was the COO and ED of Handal then.

Following the entrance of BSO, there was a change in management set-up. Sunildeep Singh Dhaliwal; co-founder and director of BSO was appointed as Handal’s Group MD, replacing Mallek Rizal.

Who’s the one behind Handal?
Sunil comes across as an interesting character … refreshing, ambitious, built his contacts in East Malaysia (he turnaround Sabah Air), connected among the MY royalties circle well, just to name a few.

The Positives
Sunil has a perspective in mind on how to develop Handal. His target is primarily on the growth of the cranes business. He sees much potential/ values at its existing crane business.
• Expand Handal’s brand name to East Malaysia (old management’s ops focus was in Peninsular Malaysia then),
• Grow it regionally (Mynamar, Vietnam, Brunei, Indonesia),
• Improve cost and process management,
• Enhance capital base, with a new private placement exercise in mind (current net gearing level; 0.1x)
• Potential new asset(s) injection.
• Currently trading below its BV of MYR0.55 (at a 35% discount).
• Targets net profit of MYR30m by 2022 (3-year plan). Loss-making now.

The less Positives

• The emergence of Chan Cheu Leong (MD and CEO of Wah Seong) as a substantial shareholder raises much conjecture in the market.

Posted by OPMS > 2019-05-09 18:42 | Report Abuse

new contract, but value may not significant..

https://www.theedgemarkets.com/article/handal-resources-wins-contract-maintain-19-cranes

Posted by DonyFernandes > 2019-06-24 15:25 | Report Abuse

huat !

Posted by zamrie > 2019-06-24 15:26 | Report Abuse

memang handal dan kuat...

Posted by CK CHAN > 2019-06-24 20:15 | Report Abuse

http://www.utusan.com.my/berita/nasional/syarikat-jv-handal-resources-raih-kontrak-rm360-juta-1.923417

Posted by CK CHAN > 2019-06-24 20:17 | Report Abuse

https://www.bharian.com.my/bisnes/korporat/2019/06/577519/syarikat-jv-handal-resources-raih-kontrak-rm360-juta-daripada

Posted by CK CHAN > 2019-06-24 20:22 | Report Abuse

https://www.aseanbreakingnews.com/2019/06/handal-resources-wins-rm360m-job-from-petronas-carigali/

Posted by CK CHAN > 2019-06-24 20:23 | Report Abuse

https://theworldnews.net/my-news/syarikat-jv-handal-resources-raih-kontrak-rm360-juta

Posted by CK CHAN > 2019-06-24 20:38 | Report Abuse

https://www.theedgemarkets.com/article/handal-jv-bags-rm360m-sevenyear-contract-petronas-carigali

Posted by thesteward > 2019-06-25 00:35 | Report Abuse

Tomolo break .50

Posted by VenFx > 2019-06-25 09:31 | Report Abuse

Phew !
Looks like 0.535
Macam makan gula .

Posted by VenFx > 2019-06-25 09:52 | Report Abuse

来了 来了
我 静静的 等
0.430 0.390 pls !
发财升官 靠你了 kikiki