Posted by Mabel > 2019-09-23 11:51 | Report Abuse

Mabel Maintaining 2019–2020 crude oil forecast at US$65–70/barrel amid high volatility.

Amid the recent disruption to Saudi Arabia’s production from drone attacks purportedly launched by Iran-backed Yemeni Houthis, Brent crude oil prices have rebounded by US$4/barrel from last week to US$65/barrel, which is the YTD 2019 average. With US crude inventories declining by 14% to 417mil barrels since the 1-year peak of 485mil in June this year, we retain our 2019–2020 price forecast at US$65– US$70/barrel which has been maintained since 3 December last year. Since the beginning of 2019, the EIA Short-Term Energy Outlook has continuously revised its crude oil projections, moving its Brent oil projection between US$60/barrel and US$70/barrel and currently settling at US$63/barrel for 2019 and US$62/barrel for 2020.

We maintain OVERWEIGHT on the sector as prospects have begun to brighten with rising asset utilization globally which supported service providers’ improving results. While we have BUY calls for Bumi Armada, MISC, Sapura Energy and Velesto Energy, our top picks are still companies with stable and recurring earnings such as Serba Dinamik and Dialog Group. We like the recurring income business model of Dialog and Serba Dinamik, which are involved in operation and maintenance services while Dialog’s earnings visibility is further secured by the Pengerang Deepwater Terminal project with its enlarged buffer zone. As Bumi Armada’s share price has risen by 50% since our recommendation upgrade last month, we have raised its fair value further to RM0.42/share, further reducing our sum-of-parts discount of 20%.

Source: AmInvest Research - 23 Sept 2019

Posted by Farin Parin > 2019-09-23 15:28 | Report Abuse

bad or good this counter?

Posted by CHLEONG888 > 2019-09-23 19:29 | Report Abuse

Buy call, good or not?

Posted by Farin Parin > 2019-09-24 08:31 | Report Abuse

If buy call consider good

Posted by Money122 > 2019-09-24 13:02 | Report Abuse

Petronas's large-scale water supply in the second half of the year is expected to exceed 35 billion yuan.
Sinchew Mon, Sep 23, 2019 05:34pm - 19 hours ago




KUALA LUMPUR (Aug 23): Petronas will open a large water pipe in the second half of the year, with potential capital expenditures exceeding RM35 billion. Oil and gas stocks are expected to usher in the capital of China National Capital.

Petronas announced last week that capital spending fell 21% to RM15.7 billion in the first six months of this year, mainly because the Bianjialan project has completed 99.7%, so the downstream spending of Petronas has also decreased by 26% to RM4.7 billion.

The oil and gas industry contracted a year-on-year decrease of 6% to RM5.8 billion, but the overall performance has started to improve slightly. The oil and gas industry was awarded a 59% year-on-year increase in contracts in the second quarter. To RM4 billion.

Petronas' management hopes that the annual capital expenditure will reach RM50 billion, and it is expected that there will be more capital expenditure in the second half of the year.

Da Securities expects that the national capital expenditure at home and abroad will reach a balance.

Hong Leong Research believes that as of the first half of this year, the Bianjialan Comprehensive Center (PIC) has completed 99.7%. It is believed that the fourth quarter of this year can be put into operation, and Petronas will implement the capital expenditure commitment as scheduled.

The bank added that from the performance of Petronas in the first half of the year, production and output increased by 1.5% and 4.5% respectively. In addition, the Malaysian Ringgit weakened from RM3,94 to RM4,12, year-on-year, pushing up the performance of Petronas. It is believed that Petronas will allocate RM17.5 billion to capital expenditure in the second half of the year.

According to Kenanga research, 43% of Petronas' total capital expenditure in the first half of the year is for upstream use, 61% of which is for local use. It is believed that drilling and processing oil and gas companies can benefit from it, such as VELESTO Energy (VELESTO, 5243, Main Board) Energy Group) and Shabra Energy (SAPNRG, 5218, Main Board Energy Group).

Malaysia Investment Bank said that the oil and gas sector has a bright future, and global asset utilization can support service providers to improve performance. This move is beneficial to a number of upstream operators, VELESTO Energy, Shabra Energy, International Shipping (MISC, 3816, Main Board) Traffic and logistics group) and so on as "buy"

Rating, but more inclined to Dai Le Group (DIALOG, 7277, main board energy group) and Shiba Power (SERBADK, 5279, main board energy group), because the latter business nature is based on recurring income, providing operation and maintenance services.

Malaysia Investment Bank and Da Securities believe that the oil and gas sector is bright and maintain an “plus” rating. Kennag and Hong Leong are more cautious, standing on the same front and maintaining a “neutral” rating.

Posted by bullstudent > 2019-09-24 15:06 | Report Abuse

The buy queue is crazy today.

Posted by bullstudent > 2019-09-24 16:36 | Report Abuse

Moving north.

Posted by Farin Parin > 2019-09-24 16:58 | Report Abuse

go to heaven hahahaaha

Posted by fraddieshare > 2019-09-24 17:10 | Report Abuse

Going retouch 0.34......

Posted by JJchan > 2019-09-24 17:10 | Report Abuse

0.33 is 20months High

Posted by Nepo > 2019-09-24 17:24 | Report Abuse

Powerful surge

Posted by Rowie > 2019-09-24 18:18 | Report Abuse

Haha

Posted by calvintaneng > 2019-09-25 18:47 | Report Abuse

Wahaha

People thought EPF and asb selling?

Today caught by surprise?

Asb started walloping!!!

Posted by highcube > 2019-09-25 19:23 | Report Abuse

Buy/sell for fun only, Bursa untung!

Posted by kenie > 2019-09-27 09:49 | Report Abuse

投资石油天然气公司要小心
https://klse.i3investor.com/blogs/tombthieves/214176.jsp

Posted by KEYBOARD > 2019-09-27 13:20 | Report Abuse

如何小心 等veb飞上去60 再跌下来20买 才叫小心？

Posted by KEYBOARD > 2019-09-27 15:49 | Report Abuse

don't worry jj..soon..tp very high

Posted by CHLEONG888 > 2019-09-27 18:07 | Report Abuse

Most of the O & G counters dropping, but this counter stood firm, buy and hold

Posted by Woodswater > 2019-09-28 09:31 | Report Abuse

https://www.theedgemarkets.com/article/petronas-ramp-spending-2h-uob-kay-hian

Posted by GooShen > 2019-09-30 09:10 |

Post removed.Why?

Posted by Sales > 2019-09-30 11:31 | Report Abuse

How come Armada can go so high?

Posted by yoyo > 2019-09-30 12:30 | Report Abuse

slowly slowly up

Posted by Money122 > 2019-09-30 13:08 | Report Abuse

Increasing in earning n contactc...i think will up further

Posted by JJchan > 2019-09-30 16:54 | Report Abuse

again last minute/closing someone took a 7mil Bite at 0.33

Posted by Farin Parin > 2019-09-30 16:56 | Report Abuse

yeah big shark is coming

Posted by JJchan > 2019-09-30 17:06 | Report Abuse

I think Institution Buyers(IB) adjusting portfolio for last Quarter 2019 ( throwing Sap---control Selling

Posted by CHLEONG888 > 2019-10-07 07:01 | Report Abuse

Pay more attention to this counter, may surge up soon

Posted by Mabel > 2019-10-07 15:52 | Report Abuse

@Sales How come Armada can go so high?

Because its under value but has better capability than Yinson.

Armada is 7 times cheaper than Yinson.

We have this new tag line in Armada...

If Yin can do, Arma can do better..

My Armada has overtaken my Velesto in term of margin. Third is KNM..

Armada mid term TP 0.4
Long term 4.55..

If Yin can do, so can Arma...

Posted by Mabel > 2019-10-07 16:58 | Report Abuse

0.32 is good closing...

Posted by Akukakijudi > 2019-10-08 10:40 | Report Abuse

Wah Armada 0.40 to 4.55?
Sure bo?
How long to take for your prediction?

Posted by Kiyoshi Paradise > 2019-10-08 11:44 | Report Abuse

Keep loading .... KNM-WB , will be rewarded

Posted by Mabel > 2019-10-08 11:49 | Report Abuse

Armada 0.40 latest by Q3

4.55 will take between 3 to 5 years

Think long term..

Posted by Sales > 2019-10-08 17:53 | Report Abuse

Mabel, i make a big mistake to sell off KNM. So i don't want to sell velesto at this moment. I didn't buy Armada.

Posted by Mabel > 2019-10-09 00:53 | Report Abuse

Don't sell Velesto. It's a good company. It used to be my No 1...

I'm still holding it.. all 3...

Posted by Plantermen > 2019-10-09 12:59 | Report Abuse

EGM at end Oct. Can asked their BOD views on company performance

Posted by Mabel > 2019-10-09 14:38 | Report Abuse

It's high time we should ask this tough question..

Armada and KNM are doing great!

Let's see which one of the two will touch 0.40 first..

Armada is now chasing KNM very close behind...

Let's hope both will touch 0.40 either this week or next week..

It will create pressure for Velesto to join the bandwagon soon.

Cheers!

Posted by JJchan > 2019-10-09 17:31 | Report Abuse

Amanad started Buying Direct from Open market --today( very long time didn't buy direct)
Both Armada and KNM Debt cannot be sustained longer than End 2020. I think IB are pushing
to liquidate position only

Posted by JJchan > 2019-10-09 20:36 | Report Abuse

Destini received award for well service (workover, abandonment ) from petronas----whenever
Amanad buys sure got news

Posted by Mabel > 2019-10-10 16:27 | Report Abuse

KNM is touching 0.40

Velesto bila?

Posted by goreng_kaki > 2019-10-10 17:58 |

Post removed.Why?

Posted by HuatlaiOnglai > 2019-10-10 20:53 | Report Abuse

Velesto will need to show few more qtr of black ink before seeing more upward trend. But the upward trend won’t be significant due to the large number of share in the market.

Posted by CHLEONG888 > 2019-10-11 07:09 | Report Abuse

Hope start accelerating from today onwards

Posted by winmal > 2019-10-11 15:04 | Report Abuse

engine will start soon, share have been hovering around 31-33 cent

Posted by SinGor > 2019-10-11 21:23 | Report Abuse

21.6 Bil for Digital Econ.....Buy Dnex, potential very Big Upside

Posted by CHLEONG888 > 2019-10-13 08:41 | Report Abuse

Do not miss the train taking Velesto, likely will up at least 0.01 on Monday

Posted by Plantermen > 2019-10-14 08:35 | Report Abuse

Dow up +300 should be positive

Posted by winmal > 2019-10-14 11:41 | Report Abuse

sleeping dragon will wake up soon

Posted by IronShirt > 2019-10-14 14:52 | Report Abuse

If BB wants to push nobody can stand in its way. 2.50pm someone just put 8mil into 0.325 and
if you want to buy....have to go to 0.330

Posted by Money122 > 2019-10-14 14:58 | Report Abuse

Vrooommmm.....

Posted by KEYBOARD > 2019-10-14 15:53 | Report Abuse

brk 34 60 gogogo