@tkl88 Donator, just beginning of the bull market nia... It will continue to spike up tommorrow onwards !
T.p by Dec 2020 => Break above 0.50 T.p by Mar 2021 => Break above RM1.00 T.p by Jun 2021 => Break above RM1.50 T.p by Sep 2021 => Break above RM2.00 T.p by Dec 2021 => Break above RM2.50 T.p by Mar 2022 => Break above RM3.00
Very lackluster. If quarter is good (core net profit > RM100mil with zero impairments), then we should see this baby hitting RM0.40 by month's end! Quarter result out on 27th Nov (noon). Pray for the best fellas!
Former deputy health minister Dr Lee Boon Chye said the halal concerns would be addressed by the health ministry, with advice from the National Fatwa Council.
“The ministry would first and foremost evaluate the vaccine in terms of efficacy and safety. It must be said in order to return to normal life, vaccines are the best way forward.”
Putrajaya had recently said it would make advance bookings for the vaccine through its participation in the Covid-19 Vaccine Global Access initiative, with an estimated cost of over RM3 billion.
Khairy, who is co-chair of the government’s vaccine supplies committee, said the allocation would be able to immunise 70% of the country’s population next year.
He had said vaccines would come as early as the first quarter of next year, with medical workers the priority to receive them.
As for the halal issue, Khairy had urged for more explanatory sessions for the people and assured that the vaccines would be vetted and approved by the Malaysian Islamic Development Department or Jakim.
Meow the big cat.Please check Ageson.3 consecutive quarter of increase profit.1 year 38 million profit.But still in 100 over millions value.Do u think it will up more and less risk?
oil price moves don't make much of a difference to Armada. It is an asset owner - what it earns per FPSO (80% of its biz) is fixed based on the charter contract. The only area which should be sensitive to crude oil prices is the OSV charters (remaining 20% of biz). Most OSV charters are on spot or short term basis where rates will rise and fall with crude oil biz.
For FPSO biz you should only be concerned about the credit risk impact i.e. if oil prices are too low such that the FPSO charterers are losing money and may affect their ability to pay fixed the charter rates.
AmInvestment Bank: FSPO seen as bright spot in O&G industry Friday, 13 Nov 2020 03:19 PM MYT
KUALA LUMPUR, Nov 13 — AmInvestment Bank Bhd said the development in floating production, storage and offloading (FPSO) activities has reaffirmed its view that the sector is one of the brighter spots in the oil and gas (O&G) industry.
It said the O&G industry is still struggling with the Covid-19 pandemic that has derailed oil demand, while multiple FPSO projects are currently being evaluated in South America and West Africa.
“Brazil’s Petrobras is currently looking at up to 14 FPSO projects, while there are five in the North Sea, four in Australia, three in Guyana and three in West Africa.
“Given that the previous oil collapse and current pandemic have culled the number of global operators with adequate operational and financial capability, the remaining players are currently in a sweet spot,” said AmInvestment Bank in a research note today.
It said that there are fresh FPSO prospects in Malaysia with the rebidding exercise for the Limbayong FPSO charter to be deployed off Sabah.
Petronas is looking to charter the Limbayong FPSO for a firm 12 years, with options for 3 + 3 + 2 years.
“At least four leading international contractors or consortia have shown interest in the deepwater-capable FPSO, which could cost up to US$700 million (US$1=RM4.13). This includes domestic players such as MISC, Yinson, Sabah International Petroleum and Bumi Armada.
“However, Bumi Armada may be partnering with India’s Shapoorji Pallonji Oil & Gas, similar to its three projects in India and one in Indonesia due to the group’s financial constraints,” said the investment bank.
Meanwhile, Upstream reported that US-independent ConocoPhillips may be opening a bid for an FPSO vessel charter for its Patawali oil project on Block WL4-00 off Sarawak, following a feasibility study, despite market uncertainty in the wake of the Covid-19 pandemic.
AmInvestment Bank added that four local FPSO players, namely Bumi Armada, MISC, Yinson and MTC were said to be interested in the FPSO project, while Aker Solutions and TechnipFMC could be bidding for the engineering contract. — Bernama
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....
Mabel
24,085 posts
Posted by Mabel > 2020-11-11 10:24 | Report Abuse
@tkl88 Donator, just beginning of the bull market nia...
It will continue to spike up tommorrow onwards !
T.p by Dec 2020 => Break above 0.50
T.p by Mar 2021 => Break above RM1.00
T.p by Jun 2021 => Break above RM1.50
T.p by Sep 2021 => Break above RM2.00
T.p by Dec 2021 => Break above RM2.50
T.p by Mar 2022 => Break above RM3.00
Huat ah ! Heng ah ! Ong ah !
10/11/2020 5:51 PM
tkl88,
You really know how to make Mabel wet :)
Meow Meow Meow