OVH remains positive of its prospects going forward premised on the PETRONAS Activity Outlook for 2021- 2023 as well as international operations near Suriname, South America for the group’s long-term client Maersk Drilling. Besides that, the group is also positive on the ongoing large-scale solar (LLS) work and the new renewable taskforce had been formed to tap into Solar Net Energy Malaysia (NEM) 3.0 potentials introduced by the Energy and Natural Resources Ministry at end of Dec 2020.
If you had read through the financial report carefully especially for financial year-to-year. Main contribution was manpower supply, easily 50 - 60% of total revenue. They are supply manpower to those drilling big listed company like Seadrill Group, Maersk Group, Transocean Group and etc. Personally, will say that those income are quite stable and OVH do have any risk.
EPC and project management segment contributing around 35-40%. Basically, the management trying hard to secure more EPCC project in order to generate more revenue to the company. Especially they had secured nearly RM30m solar EPCC. From O&G engineering-based company and able to venture to Renewable Energy. Personally, feel that will be good experience and portfolio to the company. And last Dec, company also announced that they will partner with TOYO Engineering for oil storage terminal project’s tendering.
Do believe OVH have the higher chances to secure it. Stay tuned
Latest news: OPEC hints to hold output and is keeping production levels unchanged in April. Currently Crude and Brent Oil have increased 5% in price. Brent oil is currently at $67 above.
November 2020 : Ocean Vantage Engineering has accepted a letter of award (LOA) today from Andeli Solar Sdn Bhd to build a large-scale solar (LSS) plant for Coral Power Sdn Bhd owned subsidiary of Minetech Resources Bhd .OVH will undertake off-shore and on-shore works including engineering, procurement, construction and commissioning (EPCC) for the LSS plant that has a cumulative capacity of approximately 9.99 megawatt for a fixed contract sum of RM29.6 million. The LSS floating plant, which is part of the LSS phase two, will be built on a pond located in Manjung, Perak. The project is expected to complete within four months and contribute positively to the Group's financial performance.
what been observed, just my wild guessing.. someone are collecting the share but maintain below 5% which no need to report to bursa.. that's why need the list to justify it
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
Report Abuse
Please Sign In to report this post as abuse.
Market Buzz
No result.
Featured Posts
MQ Trader
Introducing MY's First IPO Fund for Sophisticated Investors!
MQ Chat
New Update. Discover investment communities that resonate with your ideas
MQ Trader
M & A Value Partners IPO Equity Fund has been launched - Targeted 13% Return p.a
Latest Videos
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 2909 views | 2 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
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....
robertzz
974 posts
Posted by robertzz > 2021-02-26 17:58 | Report Abuse
leonfb