Jus got news from employee of Woodgrp , which is an oil and gas engineering outfit . The current company holds a EPCM( engineering, procurement and construction management) contract, awarded from Exxon Mobil five years ago.The offshore locations are at the east coast of Peninsular Malaysia. There are about 20 plus producing platforms which were in service for the last 20 yrs. All these needs significant brown field maintenance and modification to optimize the latest production profile. The contract expires this month and the new contract( 5 yrs ) is awarded to Ranhill Worley..? Well lets see if its true....jus for sharing. Pls check if you hv any friends in Petronas or Ranhill Worley to confirm this news.This news should be unfolding pretty soon as Petronas has to announce and award this contract. This contract easily worth millions. This will be good for mid term outlook of the company.
Ok, my friend who works at PRW ( Ranhill Worley ) has confirm they got the new EPCM contract from Exxon Mobil. They start looking for new hires. You can inform your friend who are interested to apply. Also opportunity for those who wish to invest..or can monitor. Happy investing...
Water going up soon...? Oil gone up . Secured new ExxonMobil EPCM contract and advertised for new hires. Jus waiting for official announcement from PETRONAS. Wondering when it will start to move...? Can consider to accumulate while its still low.
both water asset. Penang has lowest water rate in MY (can do your own research). just don't get it why this counter goes up so much while there is better assets out there.
looking at the purchase pattern, sense something is brewing. One more push , then can consider let go some if no fundamental news come out. Anyone aware the Exxon contract has been officially announced...? Thks
5-Jul-2019 Insider TAN SRI MOHAMED AZMAN BIN YAHYA (a company director) disposed 13,800,000 shares on 12-Jul-2019. 15-Jul-2019 Insider TAN SRI MOHAMED AZMAN BIN YAHYA (a company director) disposed 2,800,000 shares on 12-Jul-2019. 12-Jul-2019 Insider LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 500,000 shares on 11-Jul-2019. 12-Jul-2019 Insider LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 556,300 shares on 10-Jul-2019. 12-Jul-2019 Insider LEMBAGA TABUNG HAJI (a substantial shareholder) disposed 50,400 shares on 10-Jul-2019.
US-CHINA Trade War market uncertain, local and foreign funds money would not flow in big cap and mid cap stock because everybody scare buy high losses money . In this few month expect Funds manager money would flow out in bigcap and midcap stocks and will short selling midcap stocks for make money so now no prospects cannot buy and hold . TOP volume all low prices stocks.This is a opportunity ,markets money now flows in cheaper stocks. sharks now start goreng lows price stock at bottom..
still dont get it why people still holding the stock while block shareholder is selling.. still have the same call, there are other better utility assets out there (PBA), lower P/B multiple better performance..
During the quarter under review, the Group has obtained a waiver from Pengurusan Aset Air Berhad (“PAAB”) on lease rental on RM247 million water assets in relation to the Rural Water Supply project, resulting in a savings of lease rental to be paid of approximately RM15 million a year increasing at a rate 2% per year from 1 October 2019. In addition, there will be a reimbursement in an overpayment of approximately RM140 million for the period from 1 September 2009 until 30 September 2019. The Company is in the midst of discussion with PAAB to schedule the refund of the overpayment via reduction of future lease rental. As we are in the midst of finalising the scheme, the recovery of overpayment has yet to be reflected in the quarterly result
Today slowly collect at 0.98 will keep collecting if drop further. But seem like this is goreng stock. Save for long term investment as water is limited but consumption keep increasing. World are short of water!
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....
Kenokaya
174 posts
Posted by Kenokaya > 2019-04-11 08:45 | Report Abuse
Sold at 1.51 yesterday, shud hv asked 1.55...never mind, will come back if price and time is good to buy..