Posted by ychi1980 > 2020-04-13 14:51 | Report Abuse

https://www.chinapress.com.my/20200413/%E5%A2%A8%E8%A5%BF%E5%93%A5%E7%BB%88%E4%BA%8E%E7%82%B9%E5%A4%B4%E5%87%8F%E4%BA%A7-%E5%9B%BD%E9%99%85%E6%B2%B9%E4%BB%B7%E9%A3%99%E6%B6%A88/ International oil price up 8%

Posted by JoshuaMS7 > 2020-04-13 15:28 | Report Abuse

Oil price seems crashing bk below 30 usd!! Demand really is a big big problem now!!

Posted by foo > 2020-04-13 15:29 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by Goodprofit > 2020-04-13 15:31 | Report Abuse

zhulian high cash 184 mil without any debt

Posted by lancefire > 2020-04-13 15:45 | Report Abuse

@Joshuams7 you forgot to tell people to run? You usually end your sentences with that

Posted by JoshuaMS7 > 2020-04-13 19:41 | Report Abuse

Haha Run run run! Now is not the supply problem! Now is the demand big big problem!! Don't in before the price bk to ard, 0.100 or below!!

Posted by Kopimilo > 2020-04-14 10:39 | Report Abuse

Opec + & Russia principally agreed to cut 10mil bpd, also looking forward to further cut to 20mil as well. Short term pain for oil producer but at advantage in long run.

Posted by HuatlaiOnglai > 2020-04-14 12:21 | Report Abuse

Applaud Petronas in maintaining their 2020 CAPEX expenditure RM26B - RM28B amidst low oil price.

https://www.theedgemarkets.com/article/petronas-maintain-capex-despite-oil-price-slump

Posted by SinGor > 2020-04-14 18:18 | Report Abuse

https://malaysiastock.biz/Company-Announcement.aspx?id=1221279

another GLC, Urusharta Jamaah has sapu 5% of Velesto (412mil ) without anybody knowing. I think it is during last round of plunging-----This share is surely going to 30c very soon

Posted by Goodprofit > 2020-04-14 18:25 | Report Abuse

WTI fall

Posted by JJchan > 2020-04-14 19:03 | Report Abuse

Urusharta is under MoF. A vehicle to recycle Lousy Tabung Haji portfolio and sell back to ikan Bilis.
Some LTH shares has fallen 70% so to average these stocks back to breakeven, you need a
stock that can jump 300---400%-------Velesto Good candidate-----
Together with PNB, EPF and Urusharta they can corner the market, maybe push back to RM 2--3 in 1--2years time

Posted by JoshuaMS7 > 2020-04-14 23:28 | Report Abuse

Guys oil price bk to 29!! Faster run!

Posted by char1234 > 2020-04-14 23:43 | Report Abuse

likely go down

Posted by GoodTrade > 2020-04-15 00:06 | Report Abuse

Brent crude oil price drop below $30 ...

Posted by Will76 > 2020-04-15 09:42 | Report Abuse

Breaking News from CNBC

Oil prices shed more than 10% on Tuesday, with investors apparently unconvinced that record supply cuts could soon balance markets pummeled by the coronavirus pandemic, though a predicted plunge in U.S. shale output provided some support.

U.S. West Texas Intermediate crude fell 10.26% to settle at $20.11 per barrel, having dropped 1.5% in the previous session.

Brent futures fell $2.14, or 6.7%, to $29.60 per barrel after settling up 0.8% on Monday.

Posted by lancefire > 2020-04-15 10:32 | Report Abuse

Yes, oil price is came down yesterday but what else is new? Market fluctuation is a norm. No point being on tenterhooks about the price all the time and having sleepless nights.

Even more pointless to ask everyone to run every other day. It's like the boy who cries wolf - you lose credibility.

Posted by Cojack31 > 2020-04-15 15:22 | Report Abuse

Agree with u

Posted by JoshuaMS7 > 2020-04-15 16:22 | Report Abuse

breaking news!! oil price is crashing another 5% to 27 brent and 3% to 19 wti! You decide hold or run!!

Posted by JJchan > 2020-04-15 16:26 | Report Abuse

https://www.malaysiakini.com/news/520720

Petronas got money to pay most of Velesto's Contracts

Posted by Legend > 2020-04-15 18:05 | Report Abuse

Ini kali betul2 susah...!!!

Posted by JoshuaMS7 > 2020-04-15 22:49 | Report Abuse

Haha might bk to 0.095 with oil price and shares crashing serious tonight!

Posted by GoodTrade > 2020-04-15 23:17 | Report Abuse

Walao Crude oil price nonstop falling ... What is Brent oil bottom ? $25 ? $20 ?

Posted by lancefire > 2020-04-15 23:23 | Report Abuse

Wouldn't it be simple if the fundamentals of a company is gauged simply based on oil price alone? Geez..

Posted by GoodTrade > 2020-04-15 23:35 | Report Abuse

Without a good oil price, no more fundamental to talk about anymore ... hahaha ...

Posted by Will76 > 2020-04-15 23:48 | Report Abuse

Breaking News from CNBC

The International Energy Agency (IEA) on Wednesday forecast a 29 million barrel per day (bpd) dive in April oil demand to levels not seen in 25 years and said no output cut could fully offset the near-term falls facing the market.

Brent crude fell $2.04, or 6.8%, to $27.59 a barrel, giving up an earlier gain.

U.S. West Texas Intermediate crude slid 45 cents, or 2.2%, to $19.67. Earlier in the session WTI dropped to its lowest level since Feb. 2002.

Posted by Cojack31 > 2020-04-16 09:34 | Report Abuse

Mrket already stable. All under control. That y market no panic seller. . And price also no suddenly drop. But. If u realize. Slowly2 buyer volume is low.

Posted by tkl88 > 2020-04-16 12:22 | Report Abuse

Noway Velesto will drop to 0.095 anymore...
See, even oil price dropped so much, it still stagnant at 0.15 ~ 0.16

Huat ah ! Heng ah ! Ong ah !

Posted by Lucky88 > 2020-04-16 12:32 | Report Abuse

Ha..Ha..Ha.. Wait for lower price !!! Huat ah.,. Huat ah....

Posted by lancefire > 2020-04-16 12:36 | Report Abuse

Precisely. Making decisions everyday based on Brent/WTI price alone is really ..... just for panic buyers/sellers.

Posted by Mabel > 2020-04-16 18:54 | Report Abuse

Wah so nice..

I set this ships on auto cruises..

Most of the time is GREEN..

Meow..

Posted by lancefire > 2020-04-17 11:19 | Report Abuse

Looking good so far

Posted by JoshuaMS7 > 2020-04-17 13:07 | Report Abuse

waa!! so cheap oil price 19.62 usd!! dropping -1.21%!! gogogo!!

Posted by JoshuaMS7 > 2020-04-17 13:12 | Report Abuse

think shale cost might go lower to 15 usd per barrel!! hehe..wait patiently!

Posted by Kopimilo > 2020-04-17 15:26 | Report Abuse

Buy rate 30%, cannot rise above. Teasing selling at 0.155 and selling pressure at 0.160.

Posted by JoshuaMS7 > 2020-04-17 15:30 | Report Abuse

As at 3.30pm, wti go lower to 18.64 usd (-6%) and toward to 17!! Does it affects velestro??

Posted by lancefire > 2020-04-17 15:39 | Report Abuse

Lol you're still waiting to buy in aren't you

Posted by Kopimilo > 2020-04-17 15:41 | Report Abuse

Only the willingness of buyers affect Velesto to wade over normal profit taking seller. Till the sellers no longer in possession to throw in. Can the buyers push up the sellers to finish up the possession.

Posted by Kopimilo > 2020-04-17 15:42 | Report Abuse

As quickly as possible

Posted by Kopimilo > 2020-04-17 15:49 | Report Abuse

Solid strategic defence at 0.155 very commendable

Posted by foo > 2020-04-17 15:52 | Report Abuse

Which companies on Bursa have high cash and low debt
KUALA LUMPUR: The second extension of the movement control order to contain the Covid-19 outbreak — now totalling six weeks until April 28 — means that economic activities will remain subdued for at least another 14 days.
The pandemic, which has infected nearly two million and killed over 100,000 worldwide, presents the worst start possible for the recession expected ahead. As the infection curve has yet to near its peak, it is anyone’s guess on the depth of the economic downturn.
Against this backdrop, survival is the prominent concern now. Investors’ attention is drawn to companies’ balance sheets instead of growth prospects, which is widely expected to be minimal in the best-case scenario, as business volume dwindles and operating cash flow shrink.
Asia Analytica data shows that of some 880 listed companies (after excluding the 40 banks, insurers and investment trusts), 597 companies listed on Bursa Malaysia have cash that is less than their short-term liabilities.
Companies in many different sectors are underlined here, from furniture companies to retailers, automotive-related firms, and a wide range of manufacturers and trading companies.
Meanwhile, 223 listed companies have an interest cover ratio of below one times, meaning their earnings before interests and tax cannot cover interest expenses for a full year. The market capitalisation of most of these companies are below RM2 billion.
Some 321 companies were already in the red last year. Of the 599 profitable ones, around 45.6% of them saw profit decline in the period. Again, most on the list are small-cap firms, according to Asia Analytica data.
It is also worth noting that the economic downturn would be a tough test on companies’ sales quality. Companies with a high portion of credit sale with mounting receivables could be at risk amid the potential cash trap.
A random check shows that 75 listed companies or 8.2% have net gearing of over 100%. Sectors with the most companies in this category are logistics, construction, oil and gas, building materials and property development.
Others with net gearing of above 80% include power companies, telecommunications companies and building materials companies. Power producers’ liabilities are usually backed up by the steady cash flow from power purchase agreements.
On the flip side, notable sectors with low net gearing average include Internet and gas utility companies, and technology solution providers.
Of 79 generic companies with market capitalisation of above RM2 billion (ex-banks, real-estate investment trusts and insurers) only 22 have a cash ratio of above one times and net gearing of below 50%, led by Petronas Chemicals Group Bhd, Petronas Gas Bhd and IOI Corp Bhd.
As reflected by the price-to-book valuations, preference is given for companies with high cash, low debt, steady recurring income and high-quality clients, such as tech companies, and broadband providers.
There are also lesser-known small-cap companies that are cash-rich with sturdy past operations.
As a fund manager pointed out that a downturn is a brewing pot for merger and acquisition activities, as smaller, cash-rich companies with good assets or business prospects usually become undervalued after the market selldown.
The first quarter’s (1Q20) financial result will show how much cash was exhausted amid the two-week shutdown in the second half of March, while prospects of the entire half of 2Q20 being under movement restriction are still visible.

Posted by kenie > 2020-04-17 15:55 | Report Abuse

俄沙"割喉战"停火 惟油价仍难止血
https://www.youtube.com/watch?v=BJgW-SwIlaA

Posted by JoshuaMS7 > 2020-04-17 17:33 | Report Abuse

close at 0.155! hope Monday can get below 0.150 since wti crash seriously to 17 usd!! hehe

Posted by Okwei0126 > 2020-04-17 18:13 | Report Abuse

Velesto strong support at 155, hard to drop below it..

Posted by JoshuaMS7 > 2020-04-17 21:04 | Report Abuse

Guys wti crash another -10% towards to 16 usd!! hehe... gogogo!!

Posted by ashmira > 2020-04-17 23:12 | Report Abuse

Even the oil price going down, the O&G price will not down like before. All traders and investor want to buy at low price. Strong support at 0.150 and 0.155. Even its can go down i think till 0.130 only. But there is a chance you cannot get as many peoples queue for it. Oil price will start to recover slowly in next months till end of the year. I bought a lots at 0.120 before and still looking to buy more. Waiting for 2 weeks and it's never go back down. >_<. That time no money. Looking to TP at 0.265-0.30.

Posted by Twowah123 > 2020-04-19 00:18 | Report Abuse

0.15-0.155 already good bargain. Good investment. Enter some first. Some bullet stanby if drop more.

Posted by offshore > 2020-04-19 01:38 | Report Abuse

It's hard for offshore producers to breakeven if oil price is below USD30.

Posted by RedEagle > 2020-04-19 15:37 | Report Abuse

0.12?

Posted by Friendship > 2020-04-19 21:01 | Report Abuse

Don’t go up so fast I haven’t collect enough

Posted by JoshuaMS7 > 2020-04-19 22:02 | Report Abuse

yaya very hard for offshore producers to breakeven and should have many producers coming bankruptcy soon!!