Posted by Lewis Lee > 2023-03-12 18:40 | Report Abuse

Stay away from Sapura , last I read the restructuring will involved share consolidation of 20 to 1 !!

Posted by willc48 > 2023-03-13 00:55 | Report Abuse

as long the management is not nyltiracial, it id umno or bersatu management

Posted by George99 > 2023-03-13 10:37 | Report Abuse

I wait you at 0.15 now... Haha

Posted by matg > 2023-03-13 12:22 | Report Abuse

in your dream haha

Posted by George99 > 2023-03-13 12:49 | Report Abuse

Haha... Please wish my dream come true....

Posted by IronShirt > 2023-03-13 14:44 | Report Abuse

Lewis Lee
Stay away from Sapura , last I read the restructuring will involved share consolidation of 20 to 1 !!
___________________________________________________________________
Nobody knows you dont understand stock market until you try to explain what is consolidation?

Posted by Lewis Lee > 2023-03-13 14:54 | Report Abuse

Iron Shirt, you don't understand is it ? then go and get some basic stock education ....
or else learn it the painful way by collecting SapErg now and wait for 20:1 consolidation to fully undertand it then ! lol

Posted by Expertise > 2023-03-13 15:38 | Report Abuse

Weak player get wash…

Posted by serpent100 > 2023-03-13 17:32 | Report Abuse

https://www.bharian.com.my/bisnes/korporat/2023/03/1076446/petronas-catat-keuntungan-terbesar-dalam-sejarah-rm1016-bilion?fbclid=IwAR1BFeAcguMlWDXbwu6tovAwRcBsTtcGiHIsb8Xt4RxRL0U2rgDd4HM-XrI

Posted by serpent100 > 2023-03-13 17:34 | Report Abuse

Kesian velesto…Petronas semakin kaya raya tp sewa x naik2

Posted by Macgyver11 > 2023-03-13 20:35 | Report Abuse

Sewa sdh naik ni tahun..you tak baca news kah

Posted by Bon888 > 2023-03-13 22:28 |

Post removed.Why?

Posted by 08127059 > 2023-03-14 10:32 | Report Abuse

Kesian velesto...sewa sdh naik share x naik²

Posted by BobAxelrod > 2023-03-14 10:33 | Report Abuse

You mean Sin Kar Lan was lying all the time??? LOL.

Posted by pang72 > 2023-03-14 17:13 | Report Abuse

Macg,
Hope you doing well..
It is not 23c but may back to 18c

Posted by WarrenBuffett8888 > 2023-03-14 19:15 | Report Abuse

15c soon....

Posted by Macgyver11 > 2023-03-14 22:13 | Report Abuse

Relax. Got money why worried. Collect lah. Nothing permanent things might change unexpectedly. If scared too much then I suggest keep in FD je ler...lol

pang72

Macg,
Hope you doing well..
It is not 23c but may back to 18c

Posted by pang72 > 2023-03-14 22:17 | Report Abuse

You are obsolete right.
I put my money in FD.
I am very scare in fact of losing money.

Posted by pang72 > 2023-03-14 22:18 | Report Abuse

Let's you all earn the money.
I am learning from sideline

Posted by Macgyver11 > 2023-03-15 10:00 | Report Abuse

Definitely. That's why we're here for in stock market...our goal is to earn money, others I won't be here test messaging you all. Elon negotiating to take over SVB, indeed it is good news. Yesterday market red due to market sentiment drag it all. See Today PBB rise back...

pang72

Let's you all earn the money.
I am learning from sideline

Posted by Macgyver11 > 2023-03-15 16:31 | Report Abuse

KUALA LUMPUR (March 14): RHB Research is positive over Petroliam Nasional Bhd’s (Petronas) projected RM300 billion capital expenditure (capex).

The national oil company has guided its capex spending for 2023-2027 at RM300 billion or on average RM60 billion per annum, which is a 43% increase from RM208.5 billion over the previous five years, or RM41.7 billion per annum.

The increase in capex is to cater for additional investments in the core business, clean energy and lowering emissions.

“We are positive over Petronas’ guidance of the RM300 billion capex. Our 2023-2024 forecast crude oil prices are still at US$88-80 per barrel,” the research house said in a note on Tuesday (March 14).

Quoting independent research and business intelligence Rystad Energy, RHB Research said on the global front, the annual greenfield capex has surpassed the US$100 billion (RM448 billion) level in 2022 and continues to grow in 2023 and 2024.

RHB Research has maintained an overweight call on the oil and gas (O&G) sector with top picks Yinson, Dayang Enterprise and Malaysia Marine and Heavy Engineering.

It also viewed the O&G sector outlook to remain positive with more room for services players to demand higher rates amidst tight supply.

Meanwhile, Kenanga Research has set a neutral call on the national oil company.

“With anticipated further ramp-up in capex by Petronas, we are expecting the upcoming quarters to see continued recovery trajectory in local activity levels.

“Earlier, in our read-through of Petronas’ latest activity outlook, we highlighted Dayang Enterprise Holdings Bhd to be one of the key beneficiaries, given the planned increase in offshore maintenance, construction and modification, and hook-up and commissioning works,” Kenanga said in a note.

It also said that Uzma Bhd could also benefit from the increased level of brownfield activities, especially in an environment of higher oil prices as producers would be more incentivised to enhance well production.

Additionally, demand for jack-up rigs is also expected to improve in the second half of 2022 and going into 2023, benefitting rig provider Velesto Energy Bhd, it added.

Kenanga has downgraded Petronas to neutral from overweight as it sees limited upside catalysts for big-cap Petronas names, for example, PCHEM, PETDAG (MP; TP: RM24.00), MISC (MP; TP: RM7.50), although it continues to see selective opportunities in smaller equipment and service contractors (ARMADA (OP; TP: RM0.75), DAYANG, WASEONG (OP; TP: RM0.97), YINSON (OP; TP: RM3.65)).

Additionally, it is expecting oil prices to gradually trend lower over the long term from their 2022 high.

Meanwhile, HLIB believes that Petronas’ profits and cash flows would normalise in 2023, in tandem with lower average crude oil price assumptions throughout the year.

“We believe that the dividend commitment of RM40 billion is highly doable. The net cash position of Petronas continued to improve, further growing to RM97.1 billion as at end-December 2022 from RM56.7 billion as at end-December 2021,” it said in a note.

Petronas posted its strongest financial performance with a net profit of RM101.6 billion in the financial year ended Dec 31, 2022 (FY2022), up 51% against RM50.9 billion a year ago, on the back of favourable market conditions last year.

The national oil company recorded an all-time high revenue of RM375.3 billion in FY2022 from RM248 billion year-on-year, a jump of 100%, mainly due to the favourable price impact for major products aligned with higher benchmark prices.

Posted by pang72 > 2023-03-15 21:52 | Report Abuse

Tmr will test 17.5c one more time.
But, don't touch first.

Posted by Macgyver11 > 2023-03-16 08:52 | Report Abuse

Hahaha! Really. Hope your dream come true. Don't touch first if test to 17c, why don't wait for 0.08c ...hahaha! Dream dream dream

Posted by pang72 > 2023-03-16 11:48 | Report Abuse

Oil price downward to usd60.
Next QR still in red..
VELESTO will back to 8c..

Wait a while to meet this 2 criteria

Posted by Expertise > 2023-03-16 12:28 | Report Abuse

Yup..let it crash to 8cents….with market hit badly…global depression..this one worst than 1929

Posted by BobAxelrod33 > 2023-03-16 12:35 | Report Abuse

8c? but Sin Kar Lan promised the people here it would go above 40c.....LOL

Posted by pang72 > 2023-03-16 12:41 | Report Abuse

Yes, the recession is as worst as 1929

Posted by pang72 > 2023-03-16 12:43 | Report Abuse

I did not lose 1.5c today
I keep my money inside tin kosong.
So, my nick name is tin kosong recently

Posted by Macgyver11 > 2023-03-16 13:25 | Report Abuse

Yahoo
Oil regains a bit of ground as Credit Suisse secures lifeline
Laura Sanicola and Muyu Xu
Thu, March 16, 2023, 9:54 AM GMT+8·2 min read
In this article:

FILE PHOTO: A view shows oil terminal Kozmino near Nakhodka
By Laura Sanicola and Muyu Xu

-Oil prices clawed back some ground on Thursday after sliding to 15-month lows in the previous session as markets calmed somewhat after Credit Suisse was thrown a financial lifeline by Swiss regulators.

But battered by fears of a deepening crisis for banks worldwide, market sentiment remained fragile with both benchmarks giving up some early Thursday gains that saw Brent climb by more than $1.

ADVERTISEMENT
As of 0427 GMT, Brent crude futures were up 58 cents or 0.8% to $74.27 per barrel. West Texas Intermediate crude futures (WTI) rose 51 cents, also 0.8%, to $68.12 a barrel.

On Wednesday, the third straight day of declines, U.S. crude fell below $70 a barrel for the first time since December 20, 2021.

Brent has lost nearly 10% since Friday's close, while U.S. crude is down about 11%.

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up its liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis.

"Market sentiment deteriorated as the banking crisis expanded to Europe from the U.S...The future trend will depend on the level of market angst even if fundamentals are not necessarily showing much in the way of bearish signs," analysts from Haitong Futures said in a note to clients.

OPEC's rosier outlook for China oil demand also supported oil prices, said Lim Tai An, analyst at Phillip Nova Pte.


OPEC increased its Chinese demand forecast for 2023 earlier this week and a monthly report from the International Energy Agency (IEA) on Wednesday flagged an expected boost to oil demand from resumed air travel and China's economic reopening after abandoning its zero-COVID policy.

But oversupply concerns remain.

The IEA said in the report that commercial oil stocks in developed OECD countries have hit an 18-month high, while Russian oil output stayed near pre-war levels in February despite sanctions on its seaborne exports.

U.S. crude oil stockpiles also rose last week by 1.6 million barrels, exceeding analysts' expectation of a 1.2 million barrels rise, the Energy Information Administration said on Wednesday.


Later on Thursday, European Central Bank policymakers are seen leaning towards a half-percentage-point rate hike as the euro zone economy is picking up strength and inflation is set to remain high for years.

Higher interest rates can lead to depressed demand for oil as economic growth slows, but concerns about a widenening financial crisis for the banking sector could also weigh on oil demand.

(Reporting by Laura Sanicola and Muyu Xu; Editing by Edwina Gibb

Posted by Macgyver11 > 2023-03-16 13:34 | Report Abuse

Strong demand for oil is still there especially from china. A small pullback only due credit Suisse issues. World facing shortage of oil now. Not everyone can effort to buy EV cars as the price far to expensive. To replaced EV battery also is double the price, almost can buy one new car...filthy rich can buy lah. Oil Usd 100 per barrel imminent. Don't absolute to minor pullback or negative minded people post. Do research your own.

Posted by Macgyver11 > 2023-03-16 13:42 | Report Abuse

Not velesto only red the entire oil counters also red. Bumi Armada, dialog, hibiscus, yinsoon and many more. All this companies making double profit in last qtr and they even drop up to 0.08c per share. Velesto just 0.015c.

Posted by Bon888 > 2023-03-16 19:55 | Report Abuse

Oil and Gas company are loaded with cash now. Petronas reported record profit.

Aramco made $161bn!
America’s Exxon Mobil made $55.7bn and Britain’s Shell reported $39.9bn.

All these Oil Giants will spend the money for more exploration and drilling projects.

Is golden time now for Oil and Gas service providers.

This is also your once in life time opportunity! If you missed the gloves, you missed the technology stocks.. Now don't miss this Oil and Gas service industry bull run!

Posted by WarrenBuffett8888 > 2023-03-16 22:17 | Report Abuse

tomorrow will lao sai until 10c...oil price keep dropping...

Posted by Bon888 > 2023-03-16 22:25 | Report Abuse

Sell it to me. I waiting for you at 10c. Thank you very much.

Posted by 08127059 > 2023-03-17 15:33 | Report Abuse

Pity velesto...rate going up...share going down....

Posted by matg > 2023-03-17 16:53 | Report Abuse

heavy flushing hehe

Posted by 08127059 > 2023-03-17 19:19 | Report Abuse

Pity velesto...index gone up so much...velesto so little

Posted by Macgyver11 > 2023-03-17 20:26 | Report Abuse

Velesto steady and strong. Those dream for 0.10c taraaak! I can feel the burning smell..wakakaka!

Posted by Macgyver11 > 2023-03-17 20:49 | Report Abuse

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What banking crisis? Warren Buffett's Berkshire Hathaway spends close to $500 million on Occidental stock in 3 days
Theron Mohamed
Warren Buffett newspaper toss
Warren Buffett. Rick Wilking/Reuters
Warren Buffett doesn't seem rattled by recent bank failures and mounting fears of a market meltdown.
Buffett's company invested about $467 million in Occidental this week, raising its stake to 23.1%.
Berkshire Hathaway has piled more than $11 billion into the energy giant in just over 12 months.
A trio of bank failures last week may be fanning fears of market meltdowns and financial crises, but that hasn't stopped Warren Buffett from buying stocks.

The elite investor's Berkshire Hathaway piled about $467 million into Occidental Petroleum over the past three days, a Securities and Exchange Commission filing revealed on Wednesday. Buffett's conglomerate scooped up 7.9 million shares of the oil-and-gas company, boosting its stake to 208 million shares or 23.1%.

Berkshire has now poured about $11.1 billion into Occidental in just over 12 months, a Markets Insider analysis shows. Buffett's interest helped propel the energy stock nearly 120% higher last year, making it the S&P 500's best performer of 2022.

The 92-year-old billionaire resumed buying Occidental shares earlier this month after a five-month hiatus. The bargain hunter is likely pouncing because the stock has tumbled 26% from its November peak of $77, to $57 as of Wednesday's close. Berkshire's position is worth $11.8 billion at that price.

Occidental's stock price has slumped 9% over the past five trading days alone, likely because Silvergate, Silicon Valley Bank, and Signature Bank have all folded in recent days, fueling concerns that other banks could follow. Buffett famously recommends investors "be greedy when others are fearful," and appears to be taking his own advice.

The Berkshire chief prizes Occidental's domestic foothold and the fact it's paying off debts, distributing dividends, and repurchasing shares, CEO Vicki Hollub has said. The spike in energy prices last year, fueled by the Russia-Ukraine war, has also inflated Occidental's profits.

Buffett and his team won approval from regulators in August to increase their Occidental ownership to 50%, signaling they're not done building their stake. They also piled around $20 billion into Chevron last year, securing a stake in the fossil-fuel giant worth $30 billion at the end of 2022. Those two bets indicate Berkshire is bullish on the energy sector.

On top of its 23.1% stake, Berkshire holds $10 billion of Occidental's preferred stock, which generates $800 million in annual dividends. Moreover, it owns warrants it can exercise to buy around 84 million additional common shares at a fixed cost of $5 billion. Berkshire received both the preferred stock and warrants in return for financing Occidental's takeover of Anadarko Petroleum in 2019.

Berkshire reported $258 million of Occidental's after-tax earnings as its own last year, as it passed 20% ownership of the company in August and started accounting for its stake under the equity method.

Posted by Macgyver11 > 2023-03-17 22:00 | Report Abuse

Looking at the above news, you can see clearly that there's still very good prospect for O&G companies at lease another 2 to 3 years (perhaps more)...otherwise the world great investor, buffet won't stack up his portfolio in O&G. Buffet and his team, Berkshire got all the sophisticated art of technology and methods to analyse, predict the future of stock market precisely. Logically speaking, If oil price going to crash then why Berkshire taking so much trouble or risks to buying huge numbers of shares in Occidental. Remember, buffet is not short terms trader, he is investor (long terms trader). You might ask, dont compared Occidental with velesto...yes you are correct it is not relevant as the both annual projection is different but we must remember this, both company relying on crude oil price. If crude oil price crashes then it is doesn't matter either Occidental or velesto or Petronas...very thing will go to Holland. Bottom line is crude oil price. Buffet believed that crude oil will continues to elevated higher for 2023 and 2024. Just 2c.

Posted by Macgyver11 > 2023-03-17 22:21 | Report Abuse

In 2019 average crude oil is usd 56.99. Glory year for Velesto as trading at 0.40c. See the qtr earning
1st loss 22mil (after that its pickup)
2nd qtr gained 11.9mil
3rd qtr gained 33.3mil
4th qtr gained 10.2mil (last profit gain before the covid pandemic strike the nationwide). Now oil trading above usd 60 and Petronas agreed to revised DCR. Rigs utilization already reached 90% and expected one or two more contracts winning...what else want to say. Think good, Hope best.

Posted by 08127059 > 2023-03-18 11:17 | Report Abuse

Warren Buffett has lot of money like other shark around...they have capital to play around...price up they gain...price down they gain...dont compare them with us 2...3..4 share sangkut...tunggu sampai reput baru nk recover..share market is all about manipulation...dont too obsessed...

Posted by Ninja _07 > 2023-03-18 11:21 | Report Abuse

Oil price dropped..! Next week sure will drop to 0.14

Posted by pang72 > 2023-03-18 13:34 | Report Abuse

I aims 17c next week..

Ninja,
14c kena tunggu few more week

Posted by matg > 2023-03-18 18:15 | Report Abuse

philosophy of buy high sell low.. lol

Posted by Macgyver11 > 2023-03-18 21:18 | Report Abuse

KUALA LUMPUR: Malaysia berada dalam kedudukan yang baik untuk meraih manfaat kemasukan semula dana asing ke pasaran Asia berikutan ketidaktentuan yang dicetuskan krisis perbankan di Amerika Syarikat (AS) dan Eropah, demikian kata penganalisis.

Ketua Penyelidik Rakuten Trade, Kenny Yee, berkata pihaknya percaya dana asing akan membuat pusingan 'U' untuk kembali memasuki pasaran Asia bagi mencari pulangan yang lebih baik.


Beliau berkata, pelabur asing akan mempelbagaikan portfolio kewangan mereka dengan bank Asia menjadi sasaran utama berikutan kerapuhan kedudukan bank di negara Barat berikutan kemerosotan sektor perbankan di AS.

"Malaysia akan menikmati beberapa kesan limpahan itu, justeru memberikan banyak kecairan yang diperlukan dalam pasaran.


"Kami menjangkakan FBM KLCI mungkin mencapai 1,630 menjelang akhir 2023 berdasarkan nisbah pendapatan harga (PER) 15.5 kali," katanya pada taklimat media mengenai tinjauan suku kedua 2023.

Yee berkata, Rakuten Trade percaya pegangan asing dalam pasaran tempatan dijangka lebih baik tahun ini dengan jangkaan mereka mengambil kesempatan daripada penilaian harga yang rendah dan mata wang yang murah.

Beliau berkata, pegangan asing sebenarnya telah mencecah paras terendah pada akhir 2021 dengan berada pada paras 11.35 peratus.

Namun, katanya, situasi itu mencatatkan kemajuan dengan aliran masuk asing bersih pada 2022.


"Selepas aliran masuk bersih RM3.1 bilion pada 2022, aliran asing dilihat kurang memberangsangkan 2023.

"Walaupun kami tidak mengharapkan aliran masuk dalam jangka pendek, kami percaya keadaan itu akan lebih baik menuju ke depan di tengah-tengah pasaran AS yang tidak menentu berikutan kemelut perbankan," katanya.

Mengenai penyertaan pelabur runcit, Yee berkata, penyertaan runcit mungkin sedikit terkesan oleh bilangan tawaran awam permulaan (IPO) yang tinggi.

Beliau berkata, berikutan 35 IPO pada 2022 dengan RM11.5 bilion permodalan pasaran, tahun ini mungkin melihat lagi 39 IPO bernilai RM10 bilion dalam permodalan pasaran.

"Bagi 2023, walaupun kami amati jumlah dagangan harian bertambah baik dalam kalangan saham bermodal kecil untuk dua bulan pertama tetapi telah berkurangan kebelakangan ini," katanya.

Posted by Macgyver11 > 2023-03-18 21:25 | Report Abuse

The number one stock preference for foreign investors is O&G and plantation.

Posted by Macgyver11 > 2023-03-19 07:51 | Report Abuse

https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-blackrock-goldman-sachs-energy-stocks-shares-2023-3

Posted by Macgyver11 > 2023-03-19 10:00 | Report Abuse

https://m-economictimes-com.cdn.ampproject.org/v/s/m.economictimes.com/markets/stocks/news/biden-says-banking-crisis-has-calmed-down/amp_articleshow/98747244.cms?amp_js_v=a6&amp_gsa=1&usqp=mq331AQIUAKwASCAAgM%3D

Posted by Macgyver11 > 2023-03-19 21:22 | Report Abuse

Warren Buffet, the CEO of Berkshire Hathway, is reportedly in talks with the Biden administration after the collapse of Silicon Valley Bank, Signature Bank, and Silvergate Capital Corp this month.

Buffett's contribution to support US banks during the financial instability has a long history. The Oracle of Omaha's frugal decision has helped two big banks overcome the crisis during their worst period.

Investment of $5 billion to Goldman Sachs

In 2008, at the peak point of the global financial crisis, the legendary investor invested $5 billion in Goldman Sachs to strengthen the firm's capitalisation and liquidy in turbulent times.
The then decision of Buffett has generated a return of roughly $3.1 billion for him. Buffett had placed his bets on Goldman Sachs soon after the collapse of the Lehman Brothers. In 2020, Berkshire Hathaway Inc sold 84% of its Goldman Sachs.

Buffett's one magical call may have helped save the US economy:

In October 2008, Buffett made a late-night call to the then Treasury Henry "Hank" Paulson with an idea of how the US government might be able to turn the economy around.
According to the documentary "Panic: The untold Story of the 2008 Financial Crisis", Buffett shared his idea when the biggest banks failed --Wachovia and Washington Mutual.
Buffett told Paulson, "It might make more sense to put more capital in the banks than it would to try and buy these assets. "
At thet time, CEOs of major banks--including John Mack of Morgan Stanley, Jamie Dimon of J.P. Morgan, Lloyd Blankfein of Goldman Sachs.