Added more on Armada as the current price of 41.5- 43 range sens is attractive. Expect Armada's profit to grow next few years as it continues to pare down its debt and have successfully monetized its non performing OSVs. Will add more if it moves further down. asit cant go too wrong with its PE of about 4 , long term business contract , high EBITDA % and strong free cash flow.
KUALA LUMPUR: Malaysia will reopen its borders to international travellers starting April 1, says Datuk Seri Ismail Sabri Yaakob on Tuesday (March 8). The Prime Minister said visitors, as well as Malaysian returnees, who are fully vaccinated are not required to undergo quarantine upon arrival. They, however, must undergo a RT-PCR test two days before departure and a rapid test (RTK) upon arrival. As for travellers who have not been fully vaccinated, Ismail Sabri said the entry procedures will be explained by Health Minister Khairy Jamaluddin on Wednesday (March 9). ?As part of our ?Transitioning to Endemicity? phase, the government has decided to reopen the country?s borders from April 1. ?This move will revive the country?s economy, especially the tourism industry that has been heavily affected by the pandemic. ?The decision is made based on science and current facts related to Covid-19, as well as the reopening of borders in other countries...
Yes, this counter for long term only .....buttttttttt i want the operator to push down the price again so i can buy cheap2....long term ma ...hahaahaha if for long term ...better buy cheap cheap lorrrr
OK. Bring it on. I will buy some more shares. This sure was painful, but I like punishment. Makes me stronger. See you at the other side of the trade. And good luck in getting oil from russians, venezuelans or iranians.
In a week of volatile trading marked by talk of Russian oil embargoes then potential supply additions from Iran, Venezuela and the United Arab Emirates while fighting escalated in Ukraine, Brent was on track for a weekly fall of about 7% after hitting a 14-year high of $139.13. U.S. crude was headed for a drop of around 8% after touching a high of $130.50.
"Both contracts could well move sharply below $100 a barrel from here on any news perceived as easing supply disruptions," said Jeffrey Halley, an analyst at OANDA.
Similarly, both contracts could easily be back at $115.00+ on any negative headlines, he said.
"It's just that sort of market."
Prices eased this week after it became clear the European Union, heavily reliant on Russian energy, would not join the United States and Britain in banning Russian oil.
Prices eased this week after it became clear the European Union, heavily reliant on Russian energy, would not join the United States and Britain in banning Russian oil. - TAKE NOTE ......
Amid an exodus of Western European and U.S. companies from Russia, Chinese businesses are seeking to take their place, Bloomberg reported this week, citing unnamed sources in the know.
It was only a matter of time, really. Nature abhors a vacuum, and so does business. Chinese business, in addition to this, is quite pragmatic, unlike its Western counterparts and competitors. So, once BP, Shell, and pretty much everyone but French TotalEnergies left Russia in the wake of the Ukraine crisis, Chinese energy firms owned by the government started considering moving in.
According to Bloomberg sources, the government in Beijing is talking to four state-owned entities about the acquisition of stakes in Russian oil and metals companies. The entities include China National Petroleum Corp, or CNPC, China Petrochemical Corp, or Sinopec, the country?s largest refiner, as well as Aluminum Corp and China Minmetals Group.
Talks, the report said, were also ongoing between Chinese and Russian companies, although it was too early to say whether they would end with deals. The chances of deals, however, are pretty good. It is one of the clearest examples of mutual benefits: China needs raw materials to grow; Russia has the raw materials and needs money.
It?s a win-win situation, and it has one potentially crucial bonus: it would further strengthen non-dollar transactions between the two countries, undermining the global dominance of the greenback, and, over time, immunizing the two countries from future sanction action.
Russia is already accepting payments in yuan for its exports to China, and Russian companies are in a rush to open Chinese bank accounts, Axios reported earlier this week. Several Russian banks are also considering a switch to China?s card payment system UnionPay after Visa and Mastercard left. An acquisition of stakes by Chinese companies in oil and metals companies would only strengthen this process.
Analysts have been writing about China?s yuan internationalization efforts for years. It is not a secret but rather an important aspect of China?s pretty visible global expansion plans that have worried Western governments. And yet it seems that what these governments are doing is facilitating China?s expansion.
The wave of sanctions against Russia was meant to punish the Kremlin?and the Russian population along with it?for the invasion of Ukraine. One very big unintended consequence of that punishment, however, was pushing Russia and China further into each other?s arms.
This is hardly something that sits well in Brussels, London, or Washington as both Europe and the U.S. struggle with higher energy costs, driving inflation higher and higher at a time when billions are planned to be spent on the energy transition. And yet it was something that Brussels, London, and Washington pretty much did single-handedly.
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....
Markv572421
3,429 posts
Posted by Markv572421 > 2022-03-09 15:03 |
Post removed.Why?