not sure about other logistic arm but their offshore support vessel is better than other provider. I think tanker business is dragging down the company. Those offshore regular will know about Nauticas... but of course lah it will be different story if talk about numbers. Good luck lah!
The real bottom price will be after that Abdul Hak disposed all his holdings.. Only if that the company has not gone into PN17 or delisted by that time, then it's a buy call from there
This time uptrend will be a blast for a counter of this size on offshore logistics business…O&G is picking up at USD73/barrel oil price… technically and timely look good now..
Not much a volume yet to push it seems, but completed simple uplift to 0.11 … will do it anytime with oil price above $70 per barrel now…and drilling activities started H2 this year towards 2022.. dont miss the wagon…
B4 COMMENTARY ON PROSPECTS As at 31 December 2021, the Group?s order book was RM354.95 million with additional RM275.83million for extension period The Company has been awarded a contract on 8 May 2019 by PETCO Trading Labuan Company Limited (?PTLCL?) for Provision of Long-term Charter Coastal Vessel Services for three new tankers. However on 18 March 2021, the Company have mutually terminated the contract for one of the vessel. The duration of the contract is for a primary period of five years with five extension options of one year each at PTLCL?s option. The contract value for the two vessels is approximately RM159.28million, excluding the option period. This contract is expected to commence by the first half of year 2022 with the delivery of both vessels. Hence, it is expected to contribute positively to the earnings and net tangible assets of the Company for the financial year ending 31 December 2022 and beyond
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....