From ori to recond is no good for BA mei. 100% production at pre SD level is no good mei. Then what is good news. Mangkuk betul. Well then she deserves to be .425 cents.
AK did good in April and May. June onwards kaput. We now know AK contributes 30-35% topline to BA income statement. This coming quarterly reports will also include proceeds from Claire divestment. So I guess qoq will not hard hit if cushioned by that bumper gains from Claire. My 2 cents
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to rebound amid bargain hunting activities from Monday (Aug 14) driven by improved risk appetite in the market post-election. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index is expected to trend sideways with an upside bias within the 1,450 and 1,470 range next week, with immediate resistance at 1,460 and support at 1,440.
"We believe that the trajectory of the FBM KLCI will be significantly influenced by the stability of the domestic political environment. "Nonetheless, we reckon the possibility of bargain-hunting activities to emerge due to the cheap valuations of local equities,” he told Bernama.
Furthermore, Thong said the Brent crude oil is holding above US$85 per barrel due to the collective efforts by Saudi Arabia and Russia in reducing output. "From our perspective, this presents a potential opportunity for short-term activity in the oil and gas stocks,” he added. For the week just-ended, the FBM KLCI moved in a volatile trading pattern with a fair share of influence from the domestic and external factors, including the six state elections, second-quarter corporate earnings announcements, economic data from the United States (US) and China, as well as Moody's credit rating downgrade on US banks.
On a Friday-to-Friday basis, the FBM KLCI rose 11.95 points to end the week at 1,457.16 versus 1,445.21 a week earlier…
would that qr be downside or upside, and would that even effect the price? even with good news of 100% capasity of Kraken FPSO the price did not budge much....
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Felix888
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Posted by Felix888 > 2023-08-11 00:02 | Report Abuse
TimCoke what do you mean higher oil price offset? Armada earning charter rate, oil price up and down doesn't have direct impact to earning.