Posted by kyorylau > 2014-05-15 20:31 | Report Abuse

Successful regularize to become debt free company. In current investor most wanted and booming industry (oil & gas). NTA stood at RM0.79. PN17 counter which will give more upside once it successful to report profit and apply to exit PN17. THHeavy (formerly Ramunia) shot up from 30+ cents to almost a dollar. Ho Hup exit from PN17 shot up from low 0.77 to highest RM1.67. Under the 4 segments of oil & gas: Exploration (Hibiscus, Sona & Etc) - Exploration risk as need to find proven and probable reserved and commercial viable. More than RM130 millions spend is not recoverable if nothing is found. Services (KNM & etc)- Highly depend on oil & gas industry outlook and demand Risk Service Contract (Sapura Kencana & etc) - Going for bidding project from oil operator (PETRONAS, Shell & etc) and guarantee with recoverable expenses spend and profit sharing (but low sharing margin) Operator -PETRONAS, Shell, Sumatec - Have their owned oil well which gives higher margin on oil and gas selling activities. Sumatec is focus on onshore and shallow water oil drilling which involve less operational costs. Subject to risk of fluctuate of oil prices and operational issues.