Posted by EverettLee > 2023-05-25 17:35 | Report Abuse

Their business is affected by the demand for O&G in the market, and the oil price is influenced by the supply and demand of oil in the market. How come they are not related? tak fikir dulu ape ape pun boleh tulis

Posted by churrosnight > 2023-05-26 14:58 | Report Abuse

Market sentiment so bad zzz , luckily the price macam bottom up now

Posted by KaiserKazer > 2023-05-26 15:58 | Report Abuse

hahaha big hater la, can't use his brain when typing, all post removed on this counter

Posted by BuildBackBossku > 2023-05-26 17:09 | Report Abuse

Sliding with KLCI today...opportunity to catch rebound?

Posted by TheshowCrow > 2023-05-26 17:58 | Report Abuse

rebound already, wait next week lah..

Posted by EverettLee > 2023-05-26 18:21 | Report Abuse

Oil demand will increase in the second half of this year as well

https://www.arabnews.com/node/2308656/business-economy

Posted by TaiMeiLi > 2023-05-26 19:26 | Report Abuse

Can conclude that oil market remains resilient this year according to their AGM today

Posted by AJWong > 2023-05-29 08:05 | Report Abuse

That litigation already 6 months since announce. The company that seem to owe creditors is Borneo Seaoffshore Engineering. In standard Bhd practice, I would expect HEB to wind up Borneo Seaoffshore Engineering, and having no negative repercussions to HEB, and end up contributing positively. The only negative I can see at this point in time is this sand supply contract seem to be getting drag out. Excess time means other competition trying to get hold and steal the sand concession from HEB.

Posted by massivekahuna > 2023-05-29 08:11 | Report Abuse

semua cerite2 atas tu kira dongeng2 aja. Baru semalam geng2 lama kat Bintulu kate ada court case dgn BSOE siap dgn detail lagi. case ni tahun lepas lagi, apasal tak announce? 🤕

CASE NO. BTU-B52NCvC-7/9-2022
Bunga Raya Parkcity Suite Sdn Bhd VS. Borneo Seaoffshore Engineering Sdn. Bhd.
B52NCvC (Writ of Summons (Civil) (RM300,001 - RM1,000,000))

CASE NO. BTU-56J-2/1-2023
Harbour Services Sdn. Bhd. VS. Borneo Seaoffshore Engineering Sdn. Bhd.
56J (Application for Execution (Judgement Debtor Summons)

ada lagi, kalau nak ya? Nak cabar bagi facts lagi? Cabar saja lah. Nak case lain2, banyak lagi beb! Nak bagi alasan macam2 lagi.

Posted by richie9966 > 2023-05-29 12:37 | Report Abuse

so far other competitor also no action, handal also bottom up already... relax relax

Posted by VeeCJay > 2023-05-29 14:03 | Report Abuse

Boss are also seen collecting shares from public, some thing is brewing behind for sure

Posted by KaiserKazer > 2023-05-29 15:53 | Report Abuse

don't worry be happy , another contract shud be coming in

Posted by EverettLee > 2023-05-29 16:55 | Report Abuse

Monday blue for O&G companies mostly XD

Posted by BuildBackBossku > 2023-05-29 18:25 | Report Abuse

The O&G engineering services market is projected to grow from USD 1194.2 billion in 2023 to USD 1698.3 billion by 2032

https://www.marketresearchfuture.com/reports/oil-gas-engineering-services-market-11776

Posted by massivekahuna > 2023-05-29 18:50 | Report Abuse

hari ni boring2 kat office. Semua cerita dongeng pasal AGM lah, pasir yg tak tentu2 politikus cerita. Kata nya awal tahun ni, janji dapat project besar tapi janji kosong saja. nak blame orang lain psl dia gaduh2 dgn orang.
Tak pe lah. Kami tunggu durian runtuh atau VSS saje lah. nasib baik jem balik tak seberapa hari ni. uhuk!

artikal di bawah ni copy/paste dari bilik sebelah ya? dari simply wall dot st kate geng2 gue.

Posted by massivekahuna > 2023-05-29 18:51 | Report Abuse

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that 'Volatility is far from synonymous with risk.' So it seems the smart money knows that debt - which is usually involved in bankruptcies - is a very important factor, when you assess how risky a company is. We can see that Handal Energy Berhad (KLSE:HANDAL) does use debt in its business. But should shareholders be worried about its use of debt?

What Risk Does Debt Bring?
Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. Ultimately, if the company can't fulfill its legal obligations to repay debt, shareholders could walk away with nothing. While that is not too common, we often do see indebted companies permanently diluting shareholders because lenders force them to raise capital at a distressed price. Having said that, the most common situation is where a company manages its debt reasonably well - and to its own advantage. When we examine debt levels, we first consider both cash and debt levels, together.

What Is Handal Energy Berhad's Debt?
Handal Energy Berhad had RM11.1m of debt in December 2022, down from RM17.3m, one year before. However, because it has a cash reserve of RM510.0k, its net debt is less, at about RM10.6m.

How Strong Is Handal Energy Berhad's Balance Sheet?
Zooming in on the latest balance sheet data, we can see that Handal Energy Berhad had liabilities of RM52.7m due within 12 months and liabilities of RM176.0k due beyond that. Offsetting this, it had RM510.0k in cash and RM9.90m in receivables that were due within 12 months. So it has liabilities totalling RM42.4m more than its cash and near-term receivables, combined.

Given this deficit is actually higher than the company's market capitalization of RM42.1m, we think shareholders really should watch Handal Energy Berhad's debt levels, like a parent watching their child ride a bike for the first time. In the scenario where the company had to clean up its balance sheet quickly, it seems likely shareholders would suffer extensive dilution. There's no doubt that we learn most about debt from the balance sheet. But you can't view debt in total isolation; since Handal Energy Berhad will need earnings to service that debt.

Over 12 months, Handal Energy Berhad made a loss at the EBIT level, and saw its revenue drop to RM28m, which is a fall of 53%. That makes us nervous, to say the least.

Caveat Emptor
While Handal Energy Berhad's falling revenue is about as heartwarming as a wet blanket, arguably its earnings before interest and tax (EBIT) loss is even less appealing. Indeed, it lost a very considerable RM21m at the EBIT level. Considering that alongside the liabilities mentioned above make us nervous about the company. It would need to improve its operations quickly for us to be interested in it. It's fair to say the loss of RM22m didn't encourage us either; we'd like to see a profit. And until that time we think this is a risky stock. When analysing debt levels, the balance sheet is the obvious place to start. But ultimately, every company can contain risks that exist outside of the balance sheet. These risks can be hard to spot. Every company has them, and we've spotted 4 warning signs for Handal Energy Berhad (of which 3 don't sit too well with us!) you should know about.

Posted by TaiMeiLi > 2023-05-29 19:17 | Report Abuse

Nice sharing/paraphrasing from simply wall st's article, massivekahuna

Posted by massivekahuna > 2023-05-29 20:03 | Report Abuse

sebelum terlupe pesan2 bilik sebelah, kita kene bagi sokongan pada bekas2 staff yang sudah lama berkerja dgn company, tapi skarang di saman oleh Handal kerna berhenti kerja pasal company tak nak bayar gaji. Ingat minyak kereta boleh isi dgn air ke? kereta org atasan semua mewah2, entah2 minyak pun dorang tak bayar kot.
minta warga2 handal berjumpa kat mahkahmah tinggi Kuala Terengganu pada 14 jun 2023, jam 9 pagi. tingkat 9A. kita sokong orang kite!

Posted by EverettLee > 2023-05-30 12:10 | Report Abuse

Poor massivekahuna. Still stuck at that the salary issue... If it really happened, JTK alrdy took actions. Plus, but no news about that had come out, is it just a preposterous rumor?

Posted by churrosnight > 2023-05-30 13:48 | Report Abuse

let him complain la, only know copy paste & trashtalk here at forum hahahaha

Posted by TaiMeiLi > 2023-05-30 13:57 | Report Abuse

QR is going to be release soon. Guess its net loss will be narrowed or even turning profit in Q3 given that the oil demand is robust in the beginning of this year

Posted by massivekahuna > 2023-05-30 14:08 | Report Abuse

MYY-76-99-5/2023 ALFA PADU SDN. BHD. (1069381-T)
(Henry & Low Advocates) VS BORNEO SEAOFFSHORE ENGINEERING SDN. BHD. (588217-V)
Saturday, 17 June 2023 (Mention)

BTU-B52NCvC-7/9-2022
Bunga Raya Parkcity Suite Sdn Bhd VS. Borneo Seaoffshore Engineering Sdn. Bhd.
B52NCvC (Writ of Summons (Civil) (RM300,001 RM1,000,000))
07-07-2023 (Mention)

18BTU-56J-2/1-2023
Harbour Services Sdn. Bhd. VS. Borneo Seaoffshore Engineering Sdn. Bhd.
56J (Application for Execution (Judgement Debtor Summons)
14-06-2023 (F/Mention)

Posted by Mariomaster84 > 2023-05-30 14:54 | Report Abuse

looking forward to see the profit turning black again, support support !

Posted by BuildBackBossku > 2023-05-30 15:31 | Report Abuse

https://www.energyintel.com/00000188-57aa-d447-a38d-5feeafff0000

China's apparent oil demand topped 16 million barrels per day in April, setting a new all-time-high just a month after it broke through the 15 million b/d mark for the first time.

Posted by massivekahuna > 2023-05-30 16:14 | Report Abuse

nampak dah result tadi. memang koyak lah. sesiapa yg nak pancing2 invester masuk tu, bertaubatlah. cukuplah buat dosa di dunia ni. dah lah songlap satu company, taubat lah

Posted by TheshowCrow > 2023-05-30 16:25 | Report Abuse

What u smoking? Handal turning the tide la, I think Mr post removed need to taubut first

Posted by Zrenxy > 2023-05-30 20:55 | Report Abuse

Limit up tomorrow

Posted by massivekahuna > 2023-05-31 13:58 | Report Abuse

dari bilik sebelah, expert finance yg dah resigned tu kata (bkn saya kata ye?) expln note A2, A8, A12 dan B1 (i) - macam tak logic info ni. betul ke ada kerja smpi 16 juta? apasal tak announce ada kontract besar2 mcm yg dulu2 tu? kesian budak2 Handal but kerja untuk seaoffshore saja. Kenapa seaoffshore tak pakai org dia sendiri? Pasal dia takde staff lah.. mmg seaoffshore ni mcm parasit hisap darah handal smpi kurus kering.

*hint2* psl ini ke EVP Finance tender surat resignation? patut lah dalam annual report, nama EVP Finance takde, Finance controller takde (dah resign juga). tinggal finance mgr saja. Mana check & balance utk company berhad ni? audit board committee tidur ke? tengok je lah annual adjustment sejak 3 - 4 tahun lepas ni. tunjuk info yg cantik2 tapi belum kena audit lagi.

tak baik lah mcm ni.

Posted by richie9966 > 2023-05-31 15:14 | Report Abuse

The Group recorded a revenue of RM17.501 million the current financial quarter. Revenue was contributed
mainly from overhaul maintenance, parts trading and engineering services maintenance for gas turbine.

The Group recorded a profit after tax of RM15.550 million for the current financial quarter and included
in the profit after tax of the group is the gain on disposal of a subsidiary amounting to RM 17.329 million.

Posted by richie9966 > 2023-05-31 15:15 | Report Abuse

Even without the gain on disposal, Handal gross profit is around RM 1.89 million. Not bad not bad !

Posted by churrosnight > 2023-05-31 15:52 | Report Abuse

nice quarter actually, but someone is too blind to read the QR hahaha

Posted by KaiserKazer > 2023-05-31 16:40 | Report Abuse

First step, profit, next step limit up for Handal?

Posted by BuildBackBossku > 2023-05-31 19:42 | Report Abuse

What a great improvement for Handal's Q1 in terms of revenue and net profit!

Posted by EverettLee > 2023-05-31 20:35 | Report Abuse

Someone is heartbroken when this company delivers an impressive result, and the person is stuck at the salary issue no less. haha

Posted by TaiMeiLi > 2023-05-31 21:18 | Report Abuse

Handal memang handal. Net profit breaks historical new high

Posted by VeeCJay > 2023-06-01 14:06 | Report Abuse

Woohoo, congrats handal, no wonder boss collecting shares recently

Posted by TheshowCrow > 2023-06-01 14:56 | Report Abuse

Those issue will be solve eventually ... now focus on company prospect la

Posted by Mariomaster84 > 2023-06-01 15:59 | Report Abuse

HANDAL power up ! buy the dip, tomorrow fast rebound !

Posted by TaiMeiLi > 2023-06-01 17:20 | Report Abuse

Worth collecting at 14 cents and wait for a strong rebound

Posted by BuildBackBossku > 2023-06-01 18:33 | Report Abuse

Asia to drive oil demand growth in second half, says Vitol. O&G market continue to grow

Posted by EverettLee > 2023-06-01 19:07 | Report Abuse

The management was expecting an improved financial performance in 2023 for Handal. Looks like the company will continue to generate profit for the next couples of months

Posted by massivekahuna > 2023-06-01 20:07 | Report Abuse

ada berit baru dari bilik sebelah.. byk juga finance adviser2 bagi idea ni.

Nota B1 (i) kata - The recorded revenue for this business segment was RM 17.501 million mainly from overhaul maintenance of gas turbine amounting to RM 16.246 million

Setahu kami, Handal tak ada contract utk overhaul gas turbine. Ini semua seaoffshore punya contract. Jadi kenapa, kalau betul2 ada kerja/contract yg Handal pegang, kenapa tak annouce awl2? Tak pernah dengar pun dalam office ni. Jadi kalau betul2 lah (masih ragu2 ni) kerja sebanyak 16 juta, bukan ini RPT dgn seaoffshore ke? Apasal kena nak record duit tu masuk poket handal? Ini kena komfirm dgn auditor dulu, jangan goreng2 nombor saja. mentang2 dua dua VP finance dgn controller dah kena tendang (kami dengar dua2 resign psl bende ni lah). Dinding office tu nipis sangat beb! Semua pasang2 telinga juga :)

Pelik nak paham ni - kate report, dia jual BSOE dgn harga 6 kupang saja, tapi annouce ada untung jualan 15 juta. Hairan bin ajaib juga cerita ni.

lagi, mukasurat 12: PBT = 15.550 dan PAT = 15.550. Cantek muka tak nak bayar tax ke? Memang company tak bayar tax dan LHDN juga kan? jgn terbawa2 gaya sampai terconfident masuk report beb.

cukup utk masa ni saja. kami tunggu2 dapat VSS saja lah lepas ni.

Posted by TheshowCrow > 2023-06-02 15:04 | Report Abuse

Aiya, got business then say contract not exist. anything also can find excuse, report to bursa la why keep commenting here

Posted by TheshowCrow > 2023-06-02 15:06 | Report Abuse

Price already rebound lor but someone still hating here hahaha

Posted by Mariomaster84 > 2023-06-02 15:43 | Report Abuse

ignore the clown... stuck in the past. Now waiting handal to goreng goreng next season..

Posted by EverettLee > 2023-06-02 15:53 | Report Abuse

It's OK. Everyone has the right to raise up his opinions no matter how ridiculous they are. We just earned $ from the wave and let him get stuck in the delusion

Posted by VeeCJay > 2023-06-02 16:24 | Report Abuse

buy up & support first, next week rebound back

Posted by TaiMeiLi > 2023-06-02 16:47 | Report Abuse

Handal recondition degenerated cranes to the manufacturer’s original specification and to comply with international standards. As of today, the company has successfully overhauled 100 cranes of various makes

Posted by BuildBackBossku > 2023-06-02 17:26 | Report Abuse

Still fixate its short-term TP at 17 cents. Patiently wait then

Posted by EverettLee > 2023-06-06 15:46 | Report Abuse

Oil market isn't as bad as it looks

https://www.chinadaily.com.cn/a/202306/06/WS647e850fa31033ad3f7baa8c.html