Forecast earnings growth is way above the savings rate and its earnings are expected to grow significantly over the next 3 years. Need to check on its large one-off gain of MYR26.1M impacting its December 31 2019 financial results. Has become profitable over the past 5 years, growing earnings per year but its debt to equity ratio (309.7%) is considered high may make it unfavorable compared to other counters similar industry.
Looks like armada strong support above 13sen..and Brent trade above USD 25..as long as dont touch USD 20 is good enough for Brent and Brent crude oil price will gradually improve..
I wonder how Trump, Saudi n Russia negotiate n reach an agreement based on current 20 million crude oil surplus ... We might see some good agreement when crude oil demand improve in a few months later ... Unlikely to reach any agreement now ...
U never know if they ready to make an agreement. i think something is going on at the back. Trump always focus on stock market, I think he will help the O&G sector.
For those that are still on the side line, it's an opportunity to get at prevailing heavy discounted price. If you have the opportunity just buy and forget. Revisit after 6 to 12 months..
Oil fluctuation is part of the playing fields. In the last cycle, Armada gave me 3 Digit ROI and provides opening for further investments in other Battleships..
If you not sure, continue to stay on the sideline and keep cheering us who are already on board. Under current sentiments, we all needs some cheering...
the media can also play China Wuhan back to business and suddenly demand for oil is there...heheehehe...April 10 is OPEC meeting..sure got some play before the meeting..
@apanama the media can also play China Wuhan back to business and suddenly demand for oil is there...heheehehe...April 10 is OPEC meeting..sure got some play before the meeting.. 31/03/2020 4:48 PM
Dont worry too much about Saudi and Russia war price..all are wayang only..they can change their mind within a split second...before April 10 there might be some "news"..:)
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Sonnykwaeh
770 posts
Posted by Sonnykwaeh > 2020-03-31 08:55 | Report Abuse
this morning oil price USD 20 but saudi willlowerto USD 18 /B