RECAP (read between the lines from the news announced previously): MCM win. Deleum Berhad announced the award of PETRONAS’ Maintenance, Construction and Modification (MCM) Package (C) Peninsula Malaysia Offshore Gas as expected. The contract duration is for a period of 5-years on a call-out basis. The scope of works will generally include Topside Structural Maintenance, Hook Up and Commissioning and Facilities Improvement Program. In partnership with Icon Offshore. Deleum Berhad will be partnering Icon Offshore Bhd (not rated) to provide offshore support vessels (OSV) for the works to be undertaken under the MCM contract. Icon Offshore will work under the capacity of a sub-contractor to Deleum. REF: http://midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-Earnings-upcycle-in-2H18-onwards-MIDF-270917.pdf
Deleum Primera has established its track record and expertise to undertake these projects. Notwithstanding this, Deleum Primera shall ensure strict compliance to the safety and operational procedures in the execution of Contract’s requirements. An experienced Project Management Team will spearhead the project execution and will also lead and manage OEM contractors and other ESTEEMED CONTRACTORS to ensure quality service is provided on a timely basis. REF PDF files in : http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004347
RECAP (read between the lines from the news announced previously): MCM win. Deleum Berhad announced the award of PETRONAS’ Maintenance, Construction and Modification (MCM) Package (C) Peninsula Malaysia Offshore Gas as expected. The contract duration is for a period of 5-years on a call-out basis. The scope of works will generally include Topside Structural Maintenance, Hook Up and Commissioning and Facilities Improvement Program. In partnership with Icon Offshore. Deleum Berhad will be partnering Icon Offshore Bhd (not rated) to provide offshore support vessels (OSV) for the works to be undertaken under the MCM contract. Icon Offshore will work under the capacity of a sub-contractor to Deleum. REF: http://www.midf.com.my/images/Downloads/Research/Equity/Deleum/Deleum-MCM-win-as-expected-MIDF-051017.pdf
Deleum Primera has established its track record and expertise to undertake these projects. Notwithstanding this, Deleum Primera shall ensure strict compliance to the safety and operational procedures in the execution of Contract’s requirements. An experienced Project Management Team will spearhead the project execution and will also lead and manage OEM contractors and other ESTEEMED CONTRACTORS to ensure quality service is provided on a timely basis. REF PDF files in : http://www.malaysiastock.biz/Company-Announcement.aspx?id=1004347
curious2, you are welcome :) , Yes, indeed, the trim and slim organization structure will help to save those unnecessary management fixed cost in overhead ! This will push their management to perform better , keep only those are good !!
Any news abt ex-CEO Dr Jamal, doktor gigi? No him also problem Icon only 26.5 sen. Perhaps ask him back as CEO better for us? Last year AR EPF, Tabung Haji, KWAP, ASB and Ekuinas still own a lot. They held from IPO?
“These contracts encompass requirements such as the utilisation of marine vessels from Malaysia-owned companies only and the mandatory participation of 20% local state service providers to spur value-added services that ensures growth in Malaysia’s oil and gas upstream services industry,” said Petronas’ vice president of Malaysia assets and PCSB chief executive officer Mohd Jukris Abdul Wahab. https://www.theedgemarkets.com/article/petronas-carigali-awards-mcm-contracts-five-companies
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voon1901
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Posted by voon1901 > 2017-11-14 15:49 | Report Abuse
Bought at 27.5 sen. Thanks those selling cheap.