PETRA ENERGY BHD

KLSE (MYR): PENERGY (5133)

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Last Price

1.27

Today's Change

-0.01 (0.78%)

Day's Change

1.26 - 1.29

Trading Volume

619,200

Discussions
6 people like this. Showing 50 of 2,621 comments

5354_

Sincerestock luckily you buy back . Penergy rise more than Harbour or Asiapac.

1 month ago

5354_

Last 2 days market is bad(KLCI down) so Anwar need GPS support to maintain as PM even more?

1 month ago

SincereStock

@5354_ yes haha very hard playing this catching game luckily still didn't miss this one>

I don't think this counter today's up has to do with political play la btw, most likely due to the good news I just posted anyway. DAYANG up even more btw, so is probably a o&g field play

1 month ago

SincereStock

sorry off topic here a while
@5254_ since I see you also interested with politic, just want to share with you a nice video, clear explanation of current political state / dubai move issue https://www.youtube.com/watch?v=mqdVL_tvf9o , you can watch only last part of for dubai issue

1 month ago

SincereStock

sold all again at 1.05, parked my capital back to PRESTAR at price 1 bid lower than I last sold to switch here.

reason - personally don't want to be too greedy here and I always keen to reenter PRESTAR which is also due for an outbreak

seem like volume stacking at 1.05 this level and I got feeling that retailers are the one than entering this time.

I initially set my sell order at 1.15 but gave up after seeing volume and resistance building up

gd luck to you all who stay, definitely will consider coming back for 3rd round if given another opportunity as well

1 month ago

Jnlee

4¢ dividend tomorrow

1 month ago

Jnlee

3¢ 4¢ in a month time, hurray

1 month ago

SincereStock

bought back a few at average cost of 0.9625, missed the 4 sen dividend but got myself 4.75 sen instant rebate instead ^_^

1 month ago

SincereStock

this counter has very recent history of quick recover from sudden lesser volume discount (refer to 10 January)

1 month ago

SincereStock

tempted to hold till QR release to see the result this round. unless price goes to another level of new height again

1 month ago

SincereStock

oil price & prospects still in tact, tempting to top up more but unable to get some fund now. will see how if price drops further

1 month ago

SincereStock

missed opportunity to top up huhu

1 month ago

5354_

2024-01-17

Insider
URUSHARTA JAMAAH SDN. BHD. (a substantial shareholder) disposed 300,000 shares on 12-Jan-2024.

2024-01-16

Insider

URUSHARTA JAMAAH SDN. BHD. (a substantial shareholder) disposed 104,600 shares on 11-Jan-2024.

1 month ago

5354_

>RM 1 hard to maintain because Urusharta Jamaah selling?

1 month ago

SincereStock

12-Jan-2024 is during peak ma, not sure if they still selling now need wait for further announcement

imo cannot refer much to such institution investment, because they need take profit from time to time, they sure got plenty of stock left, otherwise also no concern as they have sold all

a safer way to do investment is take profit from time to time, I do that often too even I don't have such much capital to prevent profit opportunity missed in case of final TP not reached

1 month ago

SincereStock

they dispose at the same time got buyer also, it all depends whether the new buyer have higher TP and better holding power, urusharga jamaah continue selling is not much a concern as well as they just want to take profit and will stop if price dropped to certain level

1 month ago

SincereStock

quote
**
Posted by SincereStock > 1 week ago | Report Abuse

sold all again at 1.05, parked my capital back to PRESTAR at price 1 bid lower than I last sold to switch here.

reason - personally don't want to be too greedy here and I always keen to reenter PRESTAR which is also due for an outbreak

seem like volume stacking at 1.05 this level and I got feeling that retailers are the one than entering this time.

I initially set my sell order at 1.15 but gave up after seeing volume and resistance building up

gd luck to you all who stay, definitely will consider coming back for 3rd round if given another opportunity as well

**

anyway, predicted it is institutional investment who is selling (retailer buying) during that time before the announcement is made :-)

regardless, reentered shortly after price drop 4% like that because I believe prospect is still good, as oil price is good and company has good chance to have good QRs results in at least short term future

1 month ago

SincereStock

oversold shortly after price drop to further down below 0.960 should be mainly due to the LDs crisis. also proven to be true as price easily recover back to this level just 2 days after. too bad I don't have extra cash to catch some during the bottom of 0.900, no point to sell other counters to park money here as well because my other counters suffer the same fate and also recover at almost same pace these 2 days

1 month ago

SincereStock

fundamental and good prospects still in tact, bursa index around 1500, one of the most, if not currently THE most undervalued O&G counter available in bursa

meanwhile, people trying to catch bottom at DIALOG while it is still overvalued LMAO~!

1 month ago

SincereStock

hope can reattempt to break higher recent high soon

1 month ago

Income

Which one is better… Hibiscus or Dialogue or Penergy?

1 month ago

Income

Which one is better… Hibiscus or Dialogue or Penergy? Why???

1 month ago

furionstormrage

It depends on which type of investor you are.
PENERGY is a stable counter for dividend and suitable for long term investors. Not a popular counter with retail, funds and institution now. Has low trading volume. Has high dividend payout and might be growing. If you like to keep for long term, this will be more suitable for you.
Hibiscus and Dialog has higher trading volumes and more Funds and Institutional investors, price can soar up quick but will also drop quick. Dividend is rather low. If you like to trade, this counter is more suitable for you.

1 month ago

Income

Thank you for your reply.



Posted by furionstormrage > Jan 24, 2024 5:10 PM | Report Abuse

It depends on which type of investor you are.
PENERGY is a stable counter for dividend and suitable for long term investors. Not a popular counter with retail, funds and institution now. Has low trading volume. Has high dividend payout and might be growing. If you like to keep for long term, this will be more suitable for you.
Hibiscus and Dialog has higher trading volumes and more Funds and Institutional investors, price can soar up quick but will also drop quick. Dividend is rather low. If you like to trade, this counter is more suitable for you.

1 month ago

SincereStock

@Income

DIALOG bigger size company, overvalue
HIBISCUS medium size company, maybe fair value or slightly overvalue
PENERGY smaller size company, undervalue

disagree with @furionstormrage regarding volatility, volume comes and go, refer to recent history, PENERGY does have good volume as a smaller market cap company compare to the other 2

somemore volatility should not be something to be looked for, tendency / odds for price to move in the correct direction (up) is the one to look for

1 month ago

SincereStock

@income you can also refer to the fb video below for review regarding DIALOG, start watching from 1:10:30

https://www.facebook.com/alfredchenofficial/videos/844887097411401

1 month ago

Income

Sincerestock thank you for your reply.

1 month ago

SincereStock

yay price back to exdate, oil price getting higher and firmer

1 month ago

5354_

RM 1.5 possible to reach? Penergy is TPM Fadillah Yusof brother counter.

1 month ago

SincereStock

nothing is imposible in bursa, RAPID NTA RM1 and without earning power also can go RM30
real question is what is the possibility? and if it does reach RM1.5 eventually, when will it be?

from what I see now, I can only tell that the possibility is very unlikely before next QR result at the end of february

1 month ago

SincereStock

fall behind DAYANG again lol typical investors more like to chase premium than discounted NTA most of the time lol

1 month ago

SincereStock

sold half of few at 0.985 today morning, oil price prospects become very uncertain now

3 weeks ago

SincereStock

sold all remaining at 0.975 probably will move on from this counter onwards, better and safer opportunities outside

3 weeks ago

Jnlee

another 4¢ dividend, hooray 🎊

1 week ago

BlowWater69

tmr gap up?

1 week ago

Anti_debt

Net cash 62 sen and paying dividend 11 sen nobody want I buy more.

1 week ago

StartOfTheBull

Penergy earning per share:
As at 31 Dec 23: 8.22c
As at 30 SEP 23: 5.14c
As at 30 Jun 23: 5.06c
As at 31 Mar 24: loss 1.84c
We can see clearly that performance of stock is very much depending on any extension of contracts or any upcoming new contracts and how will the company can minimise its operation expenses.
https://www.freemalaysiatoday.com/category/business/2023/05/12/petra-energy-subsidiary-secures-subcontract-for-kasawari-ccs-project-from-mmhe/
An increase share price of 18c in my opinion is too fast for an increase of a mere 8.2c EPS.
Chase at your own risk.

1 week ago

rlch

Gogogo Penergy go.

5 days ago

rlch

PE 10 if fair RM 1.6 can reach?

5 days ago

rlch

If follow Dayang, RM 2 Penergy even possible?

5 days ago

investorbat

Shorefield Resources(DPM Fadillah brother) holds 29.61%,Wasco holds 26.97%,Nizam(Najib brother) holds 9.11%,Urusharta Jamaah holds 8.71%,total more than 70% .Wasco (wah seong) bought at 1.68 and planned to sell in 2021,sarawak gov is one of the bidder.As long as Umno and Pbb in power this company is gem.

4 days ago

investorbat

Many oil explorations going on offshore sarawak near miri,good opportunity for petra to obtain contract
https://www.offshore-mag.com/drilling-completion/article/14302264/exploration-drilling-delivering-strong-results-offshore-malaysia

4 days ago

5354_

New high coming soon?

3 days ago

SincereStock

buy back very few at 1.25. sad to miss out the rally after QR release. people seems start to realise now price gap between DAYANG & PENERGY need to close up eventually as they are sharing almost same fundamental (price gap is still almost double now). with much more better DY here at PENERGY

3 days ago

SincereStock

by the way this is one of few counters I consider to hold above NTA

3 days ago

I_like_dividend

RM 1 cheaper than Dayang and good dividend(11 sen) I add.

2 days ago

investorbat

Petra's financial is much better than dayang,more than 220mil cash only 30mil borrowing ,DY also better than dayang

2 days ago

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