@SuperPanda, you're very right... unless oil stand above $35 per barrel, which will help to dilute the potential bad QR result sell-off with oil price buy move, to support the price. In this case, either way, please watch the oil price movement very closely to assess the price will be supported or may bearish after the QR release
Armada constructor and installer are still waiting for award from Lukoil for Filanosky field, 2H of the year if nothing had changed...else, it will continue to be out of work....
coming rpt will be bad on oms sector and it will drag till next qtr
aligned with below
“In a presentation deck viewed by The Edge, Petronas highlights the current situation of the OSV industry as “being plagued by depressed charter rates, oversupply leading to increased competition, the sector being fragmented, players facing a liquidity crunch with banks holding on to loans that are stressed with covenant breaches, collateral values underwater, leading to possible defaults even”.
@germaice In covid worst sector demand drop like commodities crude oil,oil palm,property,banking loan and tourism 21/05/2020 4:10 PM
I think oil palm is OK and soon Crude Oil.
Do you know that Shah Rukh Khan, Salman Khan, Ameer Khan sent their regards to all of Malaysian here. They said Chappati, Tosei, Briyani does not taste the same without our Palm Oil.
I dont see any reasons that Armada qtr is going to be bad. Jan - March Armada operating fine except after 20 March (covid pandemic strike world wide). Just like Velesto where the price plunged from 0.18c to 0.16+ . Fluctuations happened one day earlier and once the qtr report released, price ascend to 0.17c to 0.18c ( Now trading @ 16++ and I believed due to huge dumping and price correction happen). I feel Armada behave the same.. Just my strong instinct feeling not necessary it should be correct. Happy trading.
anyway, it is purely goreng now without fundamentals..even in healthcare and gloves...anticipation plus media massive advertising and promotions, people start crazily buying even it is already overpriced
they didnt buy for good fundamental but for the reason to be goreng but too bad, they're sucked up by big institutions by chasing high..if yku buy at low, it doenst matter on the fluctuations
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....
SuperPanda
11,431 posts
Posted by SuperPanda > 2020-05-20 10:18 | Report Abuse
armada coming qtr will be bad esp on the OMS segment, so dont bet on qtr result
once out, it will drop further like it did when at above 40c till 30c in the prev qtr b4 market crash