ALAM MARITIM RESOURCES BHD

KLSE (MYR): ALAM (5115)

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Last Price

0.025

Today's Change

0.00 (0.00%)

Day's Change

0.025 - 0.025

Trading Volume

110,100

Discussions
44 people like this. Showing 50 of 14,929 comments

limitupandsurewin88

Post removed.Why?

2023-08-07 22:33

zenbeginner

Wow, continued volume today....something brewing....hopefully a good brew...

2023-08-08 11:34

limitupandsurewin88

Oil Price Rises on Fears of Black Sea Disruptions

https://www.wsj.com/articles/oil-prices-edge-down-retreating-from-overnight-gains-17318b52
9-8-2023
0804 GMT – Oil price edge higher adding to the prior day’s gains on fears of supply disruptions. Brent crude oil adds 0.2% to $86.38 a barrel while WTI gains 0.3% to $83.16 a barrel. Both varieties gained around 1% on Tuesday. Fears that Ukraine could continue to target ships heading to Russian Black Sea ports have added to oil prices while production cuts from Saudi Arabia have also kept the market supported. Monday’s rally was driven by “Saudi’s reaffirmation of commitment to output cut and headlines saying Ukraine might strike Russian facilities if the latter blocked Ukrainian ports,” Danish investment bank Saxo says in a note. (william.horner@wsj.com)

2023-08-09 21:46

limitupandsurewin88

Oil price rocketing up !
Going to break USD90 soon !

2023-08-09 21:47

limitupandsurewin88

Post removed.Why?

2023-08-10 07:52

Robert Waters

Alam is a good stock. Hard working employees.
But it seems that mgmnt does NOT care about balancing books at all.
Need to change top guy.

2023-08-18 17:17

limitupandsurewin88

Post removed.Why?

2023-08-22 12:28

limitupandsurewin88

Post removed.Why?

2023-08-22 12:30

limitupandsurewin88

Post removed.Why?

2023-08-22 12:50

saparuddin1973

perdana also up

2023-08-24 00:58

koyokui

Profit kaw kaw exit pn17 insyaallah

2023-08-30 19:11

stncws

limit up friday

2023-08-30 19:23

Ron90

nice revenue and profit.. collect je

2023-09-01 11:14

Invest123

Up and up

2023-09-01 17:46

jojo85

Jump into the ship this morning...next week can touch 5c..

2023-09-01 19:17

limitupandsurewin88

Oil rises to highest in over seven months on supply worries
By Stephanie Kelly
September 2, 20233:15 AM GMT+8Updated

https://www.reuters.com/business/energy/oil-set-snap-two-week-losing-streak-tightening-supplies-2023-09-01/

NEW YORK, Sept 1 (Reuters) - Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies.
Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organization of the Petroleum Exporting Countries (OPEC) and allies, known collectively as OPEC+, to support prices.

Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said on Thursday.
Brent crude settled up $1.66, or 1.9%, at $88.49 a barrel. Earlier it gained to a session high of $88.75 a barrel, the highest since Jan. 27.
U.S. West Texas Intermediate crude (WTI) had risen $1.39, roughly 1.7%, to $85.02. It rose earlier to $85.81, the highest since Nov. 16.

2023-09-02 09:33

Robert Waters

Anyone noticed that their website is NOT working ?
Is the company still functioning ?

www.alam-maritim.com.my

2023-09-05 10:19

zenbeginner

In what way? Just check, it's working

2023-09-05 10:39

bullrun168

Alam website is fine, Just check, it's working !

2023-09-06 09:44

bullrun168

Don't be too late to buy Alam Shares !
Now all the O&G counters was spike up like mad !

KNM previously was around 7 cents, now was traded at 0.13 +0.03 +30 %
Sapnrg previously was around 3 cents, now was traded at 0.065 +0.01 +18.18 %

And now Alam also started to goes up already, Alam now was traded at 0.04 +0.005 +14.3 %

2023-09-06 10:43

bullrun168

Oil prices settle at 10-month high
Wednesday, 06 Sep 2023 8:07 AM MYT
https://www.thestar.com.my/business/2023/09/06/oil-prices-settle-at-10-month-high

BENGALURU: Oil prices rose a dollar a barrel on Tuesday to their highest since November, after Saudi Arabia and Russia extended their voluntary supply cuts to the end of the year,
worrying investors about potential shortages during peak winter demand.
Brent crude futures rose by US$1.04, or 1.2%, to settle at US$90.04 a barrel, closing above the US$90 mark for the first time since November 16, 2022. US West Texas Intermediate
crude (WTI) futures gained US$1.14, or 1.3%, to settle at US$86.69 a barrel, also a 10-month high.
Investors had expected Saudi Arabia and Russia to extend voluntary cuts into October, but the three-month extension was unexpected.
"This is a clear indication that oil prices trump volume (for Saudi Arabia)," said Jorge Leon, senior vice-president at Rystad Energy.

"These bullish moves significantly tighten the global oil market and can only result in one thing: higher oil prices worldwide," Leon added.
Both Saudi Arabia and Russia said they would review the supply cuts monthly, and could modify them depending on market conditions.
"With the production cut extended, we anticipate a market deficit of more than 1.5 million barrels per day in 4Q23," UBS analyst Giovanni Staunovo wrote in a note to clients.

UBS now expects Brent crude to rise to US$95 a barrel by year-end.

2023-09-06 10:46

bullrun168

Oil price super bull
$92.06 +1.42 +1.57%

2023-09-13 07:48

bullrun168

Oil price spike up Like mad
$93.70 +1.82 +1.98 %

2023-09-15 08:08

zenbeginner

Wow....60M?

2023-09-15 16:57

bullrun168

Renewed interest in O&G stocks on rising crude oil prices
By CECILIA KOK Saturday, 16 Sep 2023
https://www.thestar.com.my/business/business-news/2023/09/16/renewed-interest-in-og-stocks-on-rising-crude-oil-prices

INVESTOR interest in oil and gas(O&G) stocks has gained further momentum over the week, thanks to the recent spke
in crude oil prices.
This trend will likely be sustained through the end of this year, as the bullish sentiment continues to build on the
possibility of crude oil prices hitting US$100 per barrel...

2023-09-17 16:26

bullrun168

Oil price continue it’s bull run
Brent $94.43 +0.50 +0.53 %

2023-09-19 07:54

bullrun168

Horrey, Super damn hot Alam today ! 

Now Alam already at
0.04 (+0.005) (+14.3 %)

2023-09-19 10:57

Robert Waters

Yes, good action on Alam this week.
But all this buying seems to be coming from one buyer .... a trader.
He purchases large volume instantly. But he will want to sell at 0.040.
But at new level there is NO BUYING PRESSURE WHATSOEVER.

I expect stock to go back soon.

Ordinary investors, like ants, drop small amounts, packet by packet at 0.035.
Only a few fake transactions of 100 shares at 0.040

2023-09-19 12:37

khoomingjau

Runrunrun

2023-09-19 18:07

Robert Waters

Well, we are back to normal price range. Volume dropped to almost zero.
Let us hope the trader will not attack any more.
Moves should occur normally by buying pressure.
No sudden share raids with re-posting them on resale at higher level immediately after transaction.

2023-09-24 14:22

bullrun168

JPMorgan Analyst Sees Energy Supercycle With Oil As High As $150
By Julianne Geiger - Sep 22, 2023, 4:30 PM CDT
https://oilprice.com/Latest-Energy-News/World-News/JPMorgan-Analyst-Sees-Energy-Supercycle-With-Oil-As-High-As-150.html

JPMorgan’s head of EMEA energy equity research, Christyan Malek, warned markets on Friday that the recent Brent price surge could continue upwards to $150 per barrel by 2026, according to a new research report.
Several catalysts went into the $150 price warning, including capacity shocks, an energy supercycle—and of course, efforts to push the world further away from fossil fuels.
Most recently, crude oil prices have surged on the back of OPEC+ production cuts, mostly led by Saudi Arabia who almost singlehanded took 1 million bpd out of the market, followed by a fuel export ban from Russia. Increased crude demand paired up with the supply restrictions, boosting crude oil prices and contributing to rising consumer prices.

Brent prices were trading around $93.55 on Friday afternoon, but Malek expects Brent prices between $90 and $110 next year, and even higher in 2025.
“Put your seatbelts on. It’s going to be a very volatile supercycle,” Malek told Bloomberg on Friday, as the analyst warned about OPEC’s production cuts and a lack of investment in new oil production.
JPMorgan said in February this year that Oil prices were unlikely to reach $100 per barrel this year unless there was some major geopolitical event that rattled markets, warning that OPEC+ could add in as much as 400,000 bpd to global supplies, with Russia’s oil exports potentially recovering by the middle of this year. At the time, JPMorgan was estimating 770,000 bpd in demand growth from China—less than what the IEA and OPEC were estimating.
JPMorgan now sees the global supply and demand imbalance at 1.1 million bpd in 2025, but growing to a 7.1 million bpd deficit in 2030 as robust demand continues to butt up against limited supply.
By Julianne Geiger for Oilprice.com

2023-09-25 08:23

bullrun168

Oil price spike up Like mad…
Brent $96.55 +2.59 +2.76 %

2023-09-28 06:25

bullrun168

Oil climbs 3% as steep US crude stocks draw adds to supply concerns
By Arathy Somasekhar
September 28, 2023 3:06 AM

https://www.reuters.com/markets/commodities/oil-prices-edge-higher-markets-focus-supply-tightness-2023-09-27/

HOUSTON, Sept 27 (Reuters) - Oil prices surged 3% on Wednesday to the highest settlement in 2023, after a steep drop in U.S. crude stocks compounded worries of tight global supplies.
Brent crude futures closed up $2.59, or 2.8%, at $96.55. It breached $97 a barrel during the session.
U.S. West Texas Intermediate crude futures (WTI) climbed $3.29, or 3.6%, to $93.68. The session high was over $94.
U.S. crude stocks fell by 2.2 million barrels last week to 416.3 million barrels, government data showed, far exceeding the 320,000-barrel drop analysts expected in a Reuters poll.

Crude stocks at the Cushing, Oklahoma, storage hub, delivery point for U.S. crude futures, fell by 943,000 barrels in the week to just under 22 million barrels, the lowest since July 2022, data showed.
"The market is being led up by storage numbers as we are getting to the minimum operational inventories at Cushing," said Andrew Lipow, president of Lipow Oil Associates.
Stockpiles at Cushing have been falling closer to historic low levels due to strong refining and export demand, prompting concerns about quality of the remaining oil at the hub and whether it will fall below minimum operating levels.

Prices fell last week but were rallying again as markets worried about tight supplies heading into winter, following production cuts of 1.3 million barrels a day to the end of the year by Saudi Arabia and Russia of the Organization of the Petroleum Exporting Countries and allies known as OPEC+.
"Until a decision to raise production is made, the global energy market will remain tight," Ole Hansen, Head of Commodity Strategy at Saxo Bank, said.

2023-09-28 06:43

bullrun168

Oil Prices ‘Melt Up’ in a March Toward $100 a Barrel
By Stanley Reed Sept. 27, 2023, 12:50 p.m. ET

https://www.nytimes.com/2023/09/27/business/oil-price-100-barrel.html

Analysts have raised their forecasts for oil prices, as they try to understand Saudi Arabia’s intentions with recent production cuts.

Many energy analysts think that oil prices will soon rise above $100 a barrel for the first time in more than a year, since the turmoil that followed Russia’s invasion of Ukraine. The price of Brent crude, the international benchmark, has gained about 30 percent since the start of July, trading at about $96.50 a barrel on Wednesday.
“I think prices are starting to melt up,” said Robert McNally, president of Rapidan Energy Group, a research firm.

Driving the rise, analysts say, is the deep reduction in oil output orchestrated by Saudi Arabia over the last year. The kingdom’s ability and willingness to add and subtract supplies gives it substantial sway over the market for this crucial commodity.
Climbing oil prices increase energy costs for consumers and businesses, weighing on the global economy. In the United States, the price of crude oil accounts for about half the price of gasoline. Rising pump prices are squeezing motorists, complicating the Federal Reserve’s fight against inflation and stoking concerns over the Biden administration’s economic stewardship…..

2023-09-28 10:26

bullrun168

Wow, oil price spike up like mad !
Brent now at $88.37 +$3.79 +4.48 %

2023-10-09 09:56

bullrun168

‘Knee-jerk surge’: Oil experts predict market impact of Israel-Hamas conflict
PUBLISHED SUN, OCT 8 20233:08 AM EDT

https://www.cnbc.com/2023/10/08/israel-hamas-oil-experts-expect-knee-jerk-reaction-in-energy-markets.html

Crude oil prices could see a spike on Monday but the overall impact of the attack on Israel by Palestinian militants Hamas will likely be limited, energy experts told CNBC.
That’s provided the conflict does not escalate further, they said.
“We may see a knee-jerk surge in crude prices when markets open on Monday,” Vandana Hari, CEO of Vanda Insights, told CNBC via email.
“There will be some risk premium factored in as a default, until the market is satisfied that the event is not setting off a chain reaction and Mideast oil and gas supplies won’t be affected,” said Hari.
Militants from Hamas — designated by the U.S., European Union and the U.K. as a terrorist organization — infiltrated Israel by land, sea and air on Saturday, during a major Jewish holiday. The incursion came hours after the Islamist militants fired thousands of rockets into Israel from Gaza...

2023-10-09 10:00

bullrun168

Oil Jumps as Hamas’ Attack on Israel Fans Middle East Tensions
By Serene Cheong and Elizabeth Low October 9, 2023 at 6:05 AM

https://www.bloomberg.com/news/articles/2023-10-08/oil-rallies-by-more-than-3-after-hamas-attacks-against-israel

Oil surged 5% after Hamas’ surprise attacks on Israel over the weekend, the broadest and bloodiest in decades, threatened to inflame tensions in the Middle East.
West Texas Intermediate traded near $87 a barrel as a war-risk premium returned to markets. The combined death toll topped 1,100 as fighting headed into a third day, while the US said it was sending warships to the region.
The latest events in Israel don’t pose an immediate threat to oil supply, but there’s a risk the conflict could spiral into a more devastating proxy war, embroiling the US and Iran. Any retaliation against Tehran amid reports it was involved in the attacks could endanger the passage of vessels through the Strait of Hormuz, a vital conduit that Iran has previously threatened to close...

2023-10-09 10:08

bullrun168

Oil price spike up crazily !
Brent $90.89 +4.89 +5.69 %

2023-10-14 07:21

bullrun168

Oil surges nearly 6% after Israel begins ground raids into Gaza
By Stephanie Kelly
October 14, 20233:46 AM GMT+8

https://www.reuters.com/markets/commodities/oil-climbs-us-sanctions-stockpile-forecasts-raise-supply-concerns-2023-10-13/

NEW YORK, Oct 13 (Reuters) - Oil prices leapt nearly 6% on Friday, with Brent posting its highest weekly gain since February, as investors priced in the possibility that the conflict in the Middle East could widen as Israel began ground raids inside the Gaza Strip.
Israel's announcement marked a shift from an air war to ground operations to root out Hamas fighters a week after the militant Palestinian group's deadly rampage in southern Israel.

Brent futures settled up $4.89, or 5.7%, at $90.89 per barrel. U.S. West Texas Intermediate (WTI) crude gained $4.78, or 5.8%, to $87.69 a barrel.
Both benchmarks posted their highest daily percentage gains since April.
Brent also recorded a weekly gain of 7.5%, its biggest such increase since February. WTI climbed 5.9% for the week.
The conflict in the Middle East has had little impact on global oil and gas supplies, and Israel is not a big producer. Investors and market observers, however, are assessing how it could escalate and what it might mean for supplies from nearby countries in the world's top oil producing region.

Some residents in Gaza were abandoning their homes on Friday to escape from the path of an Israeli onslaught, after Israel ordered more than a million people to leave the northern half of the territory within 24 hours. Hamas told them not to go.
Iran's Oil Minister Javad Owji said on Friday oil prices are expected to reach $100 per barrel due to the current situation in the Middle East, according to the ministry's news agency SHANA…

2023-10-14 07:34

bullrun168

Oil jumps 2% as hospital blast increases Middle East tensions
By Arathy Somasekhar and Muyu Xu
October 18, 20232:16 PM

https://www.reuters.com/business/energy/oil-prices-jump-2-supply-worries-after-large-us-stock-drawdown-2023-10-18/

Oct 18 (Reuters) - Oil prices surged on Wednesday as tension escalated in the Middle East after hundreds were killed in a blast at a Gaza hospital, sparking concerns about potential oil supply disruptions from the region.
Brent crude futures advanced $1.75, or 2%, to $91.65 a barrel at 0609 GMT. West Texas Intermediate crude (WTI) futures were up $1.91, or 2.2%, at $88.57 a barrel.
In earlier trade, both benchmarks gained more than $2 to touch their highest levels in two weeks.

Markets factored in risk premiums after hundreds of Palestinians were killed in a blast at a Gaza City hospital on Tuesday that Israeli and Palestinian officials blamed on each other.
Jordan then cancelled a summit it was to host with U.S. President Joe Biden and Egyptian and Palestinian leaders.
"The cancellation of a summit between Biden and Arab leaders reduces the likelihood of a diplomatic solution to the Israel Hamas conflict," Vivek Dhar, an analyst at Commonwealth Bank of Australia, said in a client note.
Markets are nervous about a threatened Israeli ground offensive in Gaza.
"A long occupation looms as the scenario that pushes Brent oil futures above $US100/bbl because it raises the risk that the Israel Hamas conflict expands and potentially draws in Iran directly," Dhar said.
Biden is set to visit Israel on Wednesday to show support for the country in its war with Islamist militant group Hamas. The White House said he will make clear he does not want the conflict to expand.

Also supporting oil prices, U.S. crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast.
Official U.S. government data is due later on Wednesday.
On the demand side, China's economy grew faster than expected in the third quarter, official data on Wednesday showed, suggesting a recent flurry of policy measures is helping to bolster a tentative recovery.
China's official data also showed that the country's oil refinery throughput in September hit a record daily rate, up 12% from a year earlier as refiners increased run rates to cater for strong demand for transport fuel over the Golden Week holiday and improving manufacturing.
But analysts sounded cautious on China's economic growth as the real estate sector remains a drag.
"The September data likely guarantee that China will hit its 'around 5%' growth target this year. That said, it will struggle to better it. The economic recovery is still in its infancy," Moody's Analytics economist Harry Murphy Cruise said in a note.

Meanwhile, U.S. retail sales increased more than expected in September, spurring expectations of another interest rate hike by the Federal Reserve by year-end. Interest rate hikes to curb inflation can slow economic growth and reduce oil demand.
Venezuela's government and its political opposition on Tuesday agreed to electoral guarantees for 2024 presidential elections, paving the way for possible U.S. sanctions relief that could eventually boost oil supplies.

2023-10-18 15:44

zenbeginner

Wow, volume increased. Is this good or bad thing? Meeting with creditors soon. Asking for extenssion to submit RP. Annual report seems to indicate positive progress to deal with regularisation plan and discussion with crediitor despite extension request.

2023-10-31 12:24

whistlebower99

FOR NEWBIES

AT is the latest high NOSH low price penny stock proposing to do shares consolidation !!!
This announcement is dated 31 Oct 2023.

===================
Be careful if holding high NOSH low price penny stocks for long term

Directors have power to propose shares consolidation to trim down your shareholdings by many times and raise more fund via rights issue with free warrants

Long term shareholders holding at high prices will incur huge losses from share consolidation

List of penny stocks with shares consolidation :-

2023 in progress - AT, MLAB, KGROUP, AEM, TECHNAX, ICON
2023 completed = KOMARK, MMAG, GOCEAN, JOE, DOLPHIN, DGB, VSOLAR, MERIDIAN, PASUKGB, EDUSPEC
2022 - YONGTAI, DIGISTA, MTRONIC, AGES, IDMENSN, KANGER, AAX, LKL, MNC, NEXGRAM, IMPIANA, FAST

BEFORE 2022 - PWORTH, PDZ, LAMBO, PASUKGB, MTOUCHE, SANICHI, VC, TRIVE, VINVEST, ICON, MLAB, NETX,.........

2023-11-02 13:10

ybss99

The NETX....CONMAN C RECOMMENDED FOR MANY YEARS..

2023-11-12 16:46

Felix888

Including UlarSawa and his con siffut.

Posted by ybss99 > 2 minutes ago | Report Abuse

The NETX....CONMAN C RECOMMENDED FOR MANY YEARS..

2023-11-12 16:51

Robert Waters

Anyone ventures to guess what QR will be like ?
My prediction is small loss.
This management is used to making losses for years.

2023-11-16 14:57

Ron90

profit again.. around 10m

2 months ago

koyokui

Buy quarter report profit. Insyaallah out of pn 17

2 months ago

Ron90

First time this company produce 2 consecutives profits since 2016 !!. Good sign. however, next qr will b very very important. Something is cooking or just plain business activities ..hehe

2 months ago

Dehcomic01

Alam share price has been declining from its 2014 high. You should not be surprised since the last time its ROE was positive was in 2015. If you were hunting for Bursa energy services companies, there are companies with better fundamentals such as Dayang and Deleum.

2 months ago

Icon 888

Bull Oil this year

1 day ago

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