I saw huge volume in this counter. Fundamentally, okay. But, the price heavily correlated with the price of iwcity. Iwcity has resistance at 0.9. then, correction of trend

Pengwin....U did some research on netx right? Why the receivable was high compare to other quarter?

I'm interested in this company since it has gained a lot of attention from investors. 2 weeks being among top 10 most traded stock, there must be something behind it. In 2015, steve tan, executive director wanted to turn this company into profit in 2 years time. This year will the year. Asiabio is an investment firm now. Invest in netx, vsolar and etc. I think asiabio is more interested in netx. Vsolar has very slim chances to compete in solar industry. If not mistaken, this year vsolar cannot secure any tender related solar farm even this tender is one of the most easiest tender to get. If you can check, most of asiabio directors are board director of netx. IThus, there's might be bright future for netx. After acquisition of payallz sdn bhd in 2016, it has setup 300+ terminals. With its partnership with e-do (among major payment clearance in china for alipay, wepay, unionpay), I think it can attract more merchants to use netx terminals. But now, netx need to compete with ghlsys because they are in the same play field. Both tries to tap on china tourists expenses value about Rm 9 Billions in malaysia. Netx might expand into thailand but again it need to compete with ghlsys. Luckily, ghlsys also new in Thailand. Although netx still newbie in epayment industry, it can leverage on more establish payallz international and E-DO. In cambodia, I'm quit scapticle about netx venture as the ecommerce market still very slow. Only few companies but still they run on loss. Maybe netx can venture in cambodia later after 5-10 years.

I can tell from the commitment of the directors, this company got potential. Copper price sure will surge in the near future cause by the scarcity of the high grade copper plus the supply disruption & high demand. Plus, this company has upgrade their machines.
I positive with its venture in property @ klang. From my search @ property websites, I can find less than 100 high rise property available. There are about 15-20 apartment in that area. I think there's a demand

So far, the major shareholders including the directors own almost 50% of the total issued share. Since the latest financial report till today, net transaction of shares among major shareholder will be is + 14 million shares, means they acquire extra 14M shares. I think they plan to dispose some of the share after the price surge more than 200%.

Who's taking the private placement?

Might be good time to buy hevea....seems to be well supported above 1.35

Good company....waiting for the right time to invest

Syed mokhtar owns SKS Ventures sdn bhd which made 50:50 JV with National Iranian Oil Company (NIOC) to develop 2 gas field ( golshan and Ferdowsi ) in 2007. SKS is one of two company which remain their investment in Iran after United Nation sanction in 2006.

Firstly, I anxious about why Syed Mokhtar want to park SKS's assets in deleum. After done brief researches, I think Syed is keen to deleum's gas turbine business which has 90% market share in mainly malaysia O&G industries that contribute about 70% of its revenue. It has integrated maintenance facility in Senawang. I think he wants deleum specialty in gas turbine to complement its business in Iran as gas processing mainly involves compression and regasification. Plus, deleum want to be the regional player in gas turbine industry.

Plus, Petronas want to resume its business with NIOC after sanction being removed. Deleum's executives has close relationship with petronas. Thus, if he parks his assets in deleum, he might attract partnership with petronas to develop both field which currently still in exploration stage caused by the sanction. I think both field are still profitable as the production cost below usd 10/ barrel but for gas I'm not sure. But, absolutely lower. Petronas and deleum got the expertise but not SKS.

I think going forward, we'll see collaboration between deleum and petronas if the acquisition materialise as petronas might invest in Iran via sks venture due to ramp up in production

Dnex need to break 0.26 technical barrier. Then, only it can shoot up. If not it'll stay sideways

I don't have any coming news. But, I know dnex has a good future prospect & this coming quarter might record better earnings based on my study in previous post

OptimusprimeXV, based on today's closing transaction, I agree it might shows something. But, I'm still waiting for your infos about this company. I already post my part

So far dnex oilfield already secure 2 projects from baker hughes(2015, 4 yrs tenure) and petronas carigali(2016, 3yrs tenure) worth about RM 30M after its establishment in march 2015

http://www.rigzone.com/news/oil_gas/a/144633/Malaysias_DNeX_Oilfield_Receives_LOA_from_PETRONAS_Carigali
http://www.theedgemarkets.com/my/article/dnex-unit-buys-equipment-baker-hughes-us42m

http://www.bursamalaysia.com/market/listed-companies/company-announcements/4832325

Sorry, the contract for NSW has been renew on 18/8/2015, the contract will expired on august 2017 (renew in every 2 years)

In term of FS, this company is net cash company with net cash about Rm 26M. Has little forex exposure up to the latest quarter. But, next quarter onwards, dnex maybe benefit from weak ringgit as income from ping acquisition will be recorded.
Other indicators seems to be good for me.

http://www.oilvoice.com/n/Hibiscus-Petroleum-announces-revised-valuation-of-the-Anasuria-cluster/4195737d24d5.aspx

Oil & Gas UK’s latest report on the activities of exploration and production companies operating in the UK Continental Shelf (UKCS) charts the industry’s progress in the pursuit of competitiveness. Sector-wide action has pushed unit operating costs down by a third from an average of $29.30/barrel of oil equivalent (boe) in 2014 to $20.95/boe in 2015, aided by a 10 per cent rise in oil and gas production – the first in 15 years

Anasuria cluster still profitable

http://oilandgasuk.co.uk/north-sea-costs-drop-40-per-cent-but-activity-outlook-signals-urgent-need-for-tax-reform/

http://klse.i3investor.com/servlets/stk/fin/5199.jsp

take a look on hibiscus latest quarter report (Hibiscus catch my attention!!). Dnex could gain up to RM 9mil revenue next quarter (if I'm not mistaken). plz correct me if I'm misunderstanding

http://www.offshore-technology.com/projects/anasuria-cluster-central-north-sea/

http://www.thesundaily.my/news/1834038

http://www.theedgemarkets.com/my/article/dnexs-ogpc-group-aims-5-10-top-line-growth-fy16

Let's see the improvement in this quarter. Although its contract for national single window (NSW) is going to expire in this september, but I think this contract will be extended because dnex is the developer of the system plus dnex has created more features . In case it'll not be extended, it only give slight impact to dnex revenue. If you see the financial performence from 2008 onwards, there's no significant impact on revenue after it launched and being the service provider for NSW.

For latest acquisitions in ping petroleum, it might contribute about USD 30M annualy to dnex revenue ( plz correct me if I wrong). Anasuria cluster has around 50M barrel oil and 50 B cubic foot of gas. Anasuria is still profitable based on hibiscus petroleum bhd quarterly report after 50:50 JV between hibiscus and ping to acquire anasuria cluster. Hibiscus turns into profit in latest quarter after this JV.
As for ogpc, it'll continue making profit with project mainly from petronas and tnb. Together with dnex, i think ogpc will venture into international market especially after 30% ping acquisition

is anyone here have try voopee? what are the differences between voopee and whatsapp call, facebook call, and skpe? Is voopee has more stable line and used less data?

Based on Shapoorji Pallonji company profile, its major projects are in infrastructure & construction. This JV might be beneficial the most to the indian company, not bumi armada. Before this, the only O&G projects it's handle are O&G pipeline and gas terminal. Both are not in the same segments means that those projects not given significant contribution to its foray in O&G industry. Thus, the india company wants to venture into FPSO & FSO segments causes it has more future prospects.

other than to increase liquidity, why vivocom keeps giving bonus share?

Thanks for all your sharing, Icon8888. I really learn a lots from your blogs.

Icon8888, why u didn't write anything about Pentamaster. Its financial seems to improve with double digit NPM for the latest couple of years. Plus, it's automation segment will show better performances as more company will try to improve their efficiency by using more semi/fully automatic machines

smart investor know when & where to invest. Currently, fluctuation in crude oil price only has a slight impact on O&G counter compare to a year before unless there is a dramatic fall. Thus, this year will be the best year to bottom fishing some of the O&G companies. Armada still a good company. Only has one contract terminated, still has a lot more. Despite has a contract terminated, its revenue might still intact @ > 1.5 B as claire contract might worth around USD 300M-400M. Its profit margin might be hurt for this year but it might improve next year as crude price will recover.

armada is resilient at this level, it will trade sideways or continue the uptrend until reach its fair value of RM 0.90

mmccorp only has 19% share in malakoff, if I'm not mistaken. If a company has less than 20% share of other company, it's consider as an investment (only effects the assets portion of the financial statement), Malakoff liability isn't counted. That's why you see huge debt reduction in mmccorp's financial statement....correct me if I'm wrong :)

I think the net debt 21Bil is before the listing of malakof, after the listing its net debt is only 7.5Bil, its NTA from 2.49 - 2.97....with PE only 3.36, port expansion, development in vicinity of Senai Airport....MMC Corp is extremely devaluated

why you said ghlsys already lost customers, do it has rivals other than mpay....if I'm not mistaken aeon big using mpay terminal, but still no increase in revenue....ghlsys has deal with CIMB to provide TPA service in april 2014 but still does not show any significant improvement, but still its revenue is the highest

Take a look on daiboci after share split, bonus issues also will have the same effect

shareholder bonus and dividend will have affect on share price,,,but, i'm not sure about employee bonus. Do you mean ESOs?

The price will rally before the ex. date of the bonus issues,,,,,after the entitlement date, the price will adjust accordingly

yup,,,,,,ghl might rebound this time

I think the recovery still not too strong,unless it reports extraordinary growth or dividend,,,,but this expected quarter earning predicted to be flattish....but future prospects remain intact

I saw something fishy here, why most trades in 2-3 days b4 are only 1-3 lots????

No comeback in near future,,will trade sideway or down trend