Sayang, jika tau lantikan bekas menteri besar Johor Dalam Boustead, patut Beli saham Boustead dengan lebih banyak :)

Cantik, boleh terbang minggu depan, berlumba-lumba mau Selamatkan LTAT, dapat nama bagi PN/PN :)

Change in Boardroom
BOUSTEAD HOLDINGS BERHAD

Date of change 01 May 2020
Name DATUK SERI MOHAMED KHALED NORDIN
Age 61
Gender Male
Nationality Malaysia
Designation Chairman
Directorate Non Independent and Non Executive
Type of change Appointment
Qualifications
No
Qualifications
Major/Field of Study
Institute/University
Additional Information
1
Degree
LLB Honours
Universiti Malaya
1982

Working experience and occupation YBhg. Datuk Seri Khaled started his career in 1983 and joined politics in 1990.

Positions held:

- 1983 : Legal Executive, Petronas
- 1983 to 1986 : Political Secretary, Federal Territory Minister.
- 1986 to 1987 : Political Secretary, Social Welfare Minister.
- 1990 to 2004 : Member of Parliament, Johor Bahru; and
: Deputy Works Minister.
- 2004 to 2008 : Minister of Entrepreneur and Co-operatives Development.
- 2004 to 2013 : Member of Parliament, Pasir Gudang Johor.
- 2008 to 2013 : Minister of Higher Education.
- 2013 to 2018 : State Assembly Member for Permas, Johor; and
: 15th Chief Minister (Menteri Besar) of Johor.

YBhg. Datuk Seri Khaled was the Chairman of Johor Corporation Berhad, its group companies and several state-owned entities.

Minggu depan, harga saham Boustead Akan Naik gila kot? :)

Mohamed Khaled Nordin dilantik Pengerusi Boustead

Oleh Wartawan BH
bhbiz@bh.com.my

KUALA LUMPUR: Boustead Holdings Bhd (Boustead) melantik Datuk Seri Mohamed Khaled Nordin sebagai Pengerusi Bukan Bebas Bukan Eksekutifnya berkuatkuasa 1 Mei 2020.

Boustead dalam satu kenyataan hari ini berkata, sepanjang Mohamed Khaled berkhidmat sebagai Menteri Besar Johor dari 2013 hingga 2018, negeri itu mengecapi pertumbuhan ekonomi yang stabil.

Pengalamannya sebagai Pengerusi Johor Corporation Bhd juga menyaksikan kumpulan itu telah berjaya melaksanakan beberapa latihan penyusunan semula dan pemulihan.

Sebelum menjawat jawatan Menteri Besar Johor, Mohamed Khaled memegang jawatan di pelbagai kementerian seperti Menteri Pengajian Tinggi (2008 hingga 2013), Menteri Pembangunan Usahawan dan Koperasi (2004 hingga 2008) dan Timbalan Menteri Kerja Raya (1990 hingga 2004).

Mohamed Khaled memiliki Ijazah Sarjana Muda Undang-Undang (Kepujian) dari Universiti Malaya, dicalonkan oleh pemegang saham terbesar Boustead, Lembaga Tabung Angkatan Tentera (LTAT).

Pengarah Urusan Boustead, Datuk Seri Amrin Awaluddin berkata, pengalaman luas Mohamed Khaled pasti akan mengukuhkan lembaga itu, membimbing Boustead untuk memperbaiki cara menjalankan perniagaan dan meningkatkan prospeknya dalam jangka panjang.

"Kami yakin bahawa kumpulan berada di bawah kepimpinan baik yang sudah terbukti," katanya.

Boustead is a dark horse, it would rebound strongly very soon. It comprises:

1) affin bank -essential service
2) BPlant - essential product
3) BHP petrol station - essential product
4) Pharmaniaga - essential products to hospitals
5) BHIC - essential product for our navy, etc
6) etc.

This is a diversified conglomerate and also a GLC. LTAT is the largest shareholder ~60% , EPF~5%


It should rebound pretty soon, all the best! :)


Business Background
Boustead Holdings Bhd is a Malaysia-based conglomerate. The company operates in six segments. The plantation division primarily involves the planting of oil palm and processing of crude palm oil. The heavy industries division primarily involves shipbuilding, fabrication of offshore structures, and vessel restoration and maintenance. The property division primarily involves real estate development and leasing, as well as hotel operation. The finance and investment division comprises the company's investing activities. The pharmaceutical division manufactures, trades, and markets pharmaceutical products. The trading and industrial division primarily operates a petrol station network and manufactures and trades building materials.

after making all the impairments, etc... surely, much stronger and resilient now.

say, take the average, should be ~ 82sen , dont be greedy :)

52 Weeks Range: 0.345 - 1.29

History - direct biz transactions

Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
12/12/2019 00:00:00 0.8500 -0.0900 600,000 600,000 510,000 510,000 0.8500 0.0296 -
10/07/2019 00:00:00 1.2100 0.0200 45,400 45,400 54,934 54,934 1.2100 0.0022 -
13/12/2017 00:00:00 2.8500 -0.1000 30.000m 30.000m 85.500m 85.500m 2.8500 1.4800 -
04/12/2017 00:00:00 2.8500 -0.1500 35.000m 35.000m 99.750m 99.750m 2.8500 1.7267 -
21/11/2017 00:00:00 3.0000 - 10.000m 10.000m 30.000m 30.000m 3.0000 0.4933 -
10/11/2017 00:00:00 2.5600 -0.4500 370,000 370,000 947,200 947,200 2.5600 0.0183 -
10/07/2017 00:00:00 2.1800 -0.4200 98,000 98,000 213,640 213,640 2.1800 0.0048 -
16/03/2017 00:00:00 2.5000 -0.2500 10,000 10,000 25,000 25,000 2.5000 0.0005 -
03/03/2017 00:00:00 2.5500 -0.2800 10,000 10,000 25,500 25,500 2.5500 0.0005 -
28/12/2016 00:00:00 2.6030 0.0330 23.000m 23.000m 59.869m 59.869m 2.6030 1.1347 -
27/12/2016 00:00:00 2.4000 -0.1500 34,000 53.034m 81,600 130.382m 2.4585 0.0017 -
27/12/2016 00:00:00 2.3500 -0.2000 30.000m 53.034m 70.500m 130.382m 2.4585 1.4800 -
27/12/2016 00:00:00 2.6000 0.0500 23.000m 53.034m 59.800m 130.382m 2.4585 1.1347 -
10/10/2016 00:00:00 2.1600 0.0100 10,000 123,000 21,600 265,680 2.1600 0.0005 -
10/10/2016 00:00:00 2.1600 0.0100 10,000 123,000 21,600 265,680 2.1600 0.0005 -
10/10/2016 00:00:00 2.1600 0.0100 17,000 123,000 36,720 265,680 2.1600 0.0008 -
10/10/2016 00:00:00 2.1600 0.0100 22,000 123,000 47,520 265,680 2.1600 0.0011 -
10/10/2016 00:00:00 2.1600 0.0100 64,000 123,000 138,240 265,680 2.1600 0.0032 -
12/08/2016 00:00:00 2.0900 - 900,806 900,806 1.883m 1.883m 2.0900 0.0444 -
21/06/2016 00:00:00 2.7200 0.0600 152,500 152,500 414,800 414,800 2.7200 0.0105 -
20/06/2016 00:00:00 2.7420 0.0520 2.650m 2.650m 7.267m 7.267m 2.7420 0.1830 -
25/03/2016 00:00:00 4.0800 0.1600 9.700m 9.700m 39.576m 39.576m 4.0800 0.9379 -
01/03/2016 00:00:00 4.0800 - 2.100m 2.100m 8.568m 8.568m 4.0800 0.2031 -
29/02/2016 00:00:00 4.0800 - 3.300m 3.300m 13.464m 13.464m 4.0800 0.3191 -
26/02/2016 00:00:00 4.0800 0.0600 2.900m 2.900m 11.832m 11.832m 4.0800 0.2804 -
30/12/2015 00:00:00 4.0000 0.1000 8.000m 8.000m 32.000m 32.000m 4.0000 0.7736 -
22/12/2015 00:00:00 4.0000 0.0800 10.000m 10.000m 40.000m 40.000m 4.0000 0.9670 -
09/12/2015 00:00:00 3.4400 -0.5600 95,000 189,970 326,800 653,497 3.4400 0.0092 -
09/12/2015 00:00:00 3.4400 -0.5600 94,970 189,970 326,697 653,497 3.4400 0.0092 -
21/08/2015 00:00:00 4.6600 0.4600 10.000m 10.000m 46.600m 46.600m 4.6600 0.9670 -
15/04/2015 00:00:00 4.5000 -0.1000 10.000m 10.000m 45.000m 45.000m 4.5000 0.9670 -
07/01/2015 00:00:00 4.8200 0.2200 9.900m 9.900m 47.718m 47.718m 4.8200 0.9573 -
30/12/2014 00:00:00 4.8200 0.0500 10.800m 10.800m 52.056m 52.056m 4.8200 1.0443 -
24/12/2014 00:00:00 4.7500 -0.0400 20.700m 20.700m 98.325m 98.325m 4.7500 2.0016 -
24/10/2014 00:00:00 5.0700 -0.0700 49,200 49,280 249,444 249,850 5.0700 0.0048 -
24/10/2014 00:00:00 5.0750 -0.0650 80 49,280 406 249,850 5.0700 0.0000 -
02/09/2014 00:00:00 5.1600 - 6,000 6,000 30,960 30,960 5.1600 0.0006 -
23/04/2014 00:00:00 5.5510 0.0410 125,000 125,000 693,875 693,875 5.5510 0.0121 -
28/03/2014 00:00:00 5.3700 -0.0100 5.000m 5.000m 26.850m 26.850m 5.3700 0.4835 -
26/03/2014 00:00:00 5.3500 - 15,000 15,000 80,250 80,250 5.3500 0.0015 -
13/01/2014 00:00:00 5.6120 0.0220 25,000 25,000 140,300 140,300 5.6120 0.0024 -
26/12/2013 00:00:00 5.5000 0.0200 100,000 100,000 550,000 550,000 5.5000 0.0097 -
09/07/2013 00:00:00 5.1600 -0.0400 19.300m 19.300m 99.588m 99.588m 5.1600 1.8662 Cross Trade
24/06/2013 00:00:00 5.1700 -0.0300 11,000 11,000 56,870 56,870 5.1700 0.0011 Cross Trade
05/10/2012 00:00:00 5.0800 0.0500 443,100 443,100 2.251m 2.251m 5.0800 0.0428 Cross Trade
21/09/2012 00:00:00 4.3000 -0.6900 10,000 10,000 43,000 43,000 4.3000 0.0010 Cross Trade
26/07/2012 00:00:00 5.4201 -0.0399 3,190 3,190 17,290 17,290 5.4201 0.0003 Cross Trade
04/06/2012 00:00:00 4.3500 -0.7700 421,460 421,460 1.833m 1.833m 4.3500 0.0408 Cross Trade
01/06/2012 00:00:00 4.4000 -0.7000 30,080 30,080 132,352 132,352 4.4000 0.0029 -
22/05/2012 00:00:00 4.2600 -0.7300 7,370 7,370 31,396 31,396 4.2600 0.0007 Cross Trade
02/05/2012 00:00:00 4.4701 -0.7599 3,080 3,080 13,768 13,768 4.4701 0.0003 Cross Trade
26/04/2012 00:00:00 4.5201 -0.7799 3,080 3,080 13,922 13,922 4.5201 0.0003 Cross Trade
06/03/2012 00:00:00 5.6700 -0.0100 865,000 865,000 4.905m 4.905m 5.6700 0.0836 Cross Trade
05/03/2012 00:00:00 5.6800 0.0100 900,000 900,000 5.112m 5.112m 5.6800 0.0870 Cross Trade
30/06/2011 16:29:46 5.1400 -0.9000 88,666 88,666 455,743 455,743 5.1400 0.0094 Cross Trade
22/02/2011 16:15:07 5.6500 0.0500 137,000 137,000 774,050 774,050 5.6500 0.0146 Cross Trade
08/02/2011 14:42:03 5.9500 0.1000 1.280m 1.280m 7.616m 7.616m 5.9500 0.1361 Cross Trade
31/01/2011 16:34:15 5.7800 0.1400 150,000 150,000 867,000 867,000 5.7800 0.0160 Cross Trade

THE government’s plan to appoint members of parliament (MPs) to helm government-linked companies (GLCs) may not be such a straightforward task, sources familiar with the matter tell The Edge. It is understood that some GLCs have measures in place to prevent such appointments

What about banks?

Another hurdle that may crop up is the appointment of MPs to banks and financial institutions, which are governed by Bank Negara Malaysia’s “fit and proper” rules.

Under the fit-and-proper criteria, Bank Negara says “members of the board and senior management of financial institutions provide strategic leadership that influences the financial position and future direction of a financial institution. As such, persons in these positions must have the necessary qualities, competencies and experience that will allow them to perform the duties and carry out the responsibilities required of the position in the most effective manner.”

Banks that fall into the GLC category include pilgrim fund Lembaga Tabung Haji’s 53.82% unit, BIMB Holdings Bhd, which controls Bank Islam. BIMB has a 59.45% interest in publicly traded Syarikat Takaful Malaysia Keluarga Bhd.

Armed forces fund Lembaga Tabung Angkatan Tentera has 35.51% direct interest in Affin Bank Bhd and another 20.73% held under its 59.45%-controlled Boustead Holdings Bhd.

Meanwhile, Khazanah Nasional Bhd has a 23.77% stake in CIMB Group Holdings Bhd; Permodalan Nasional Bhd has a controlling stake of 48.23% in Malayan Banking Bhd; and the Employees Provident Fund holds 41.72% interest RHB Bank Bhd.

Pharnaniaga will make huge profit if distribute such vaccine to the hospitals here

Virus vaccine research

In the race to develop a vaccine to end the COVID-19 pandemic, governments, charities and Big Pharma firms are sinking billions of dollars into bets with extraordinarily low odds of success.

They’re fast-tracking the testing and regulatory review of vaccines with no guarantee they will prove effective. They’re building and re-tooling plants for vaccines with slim chances of being approved. They’re placing orders for vaccines that, in the end, are unlikely to be produced

Pharma is expected to deliver results this year too


For the healthcare sector, its picks are Pharmaniaga Bhd(pic) and UEM Edgenta Bhd, while its top choices for the technology sector are Inari Amertron Bhd and Unisem (M) Bhd.

PETALING JAYA: With Bursa Malaysia anticipated to witness choppy times ahead, a research house has advised investors to focus on three key areas – healthcare, technology and net cash and dividend yielders.

Advocating a strategy of “certainty in uncertain times, HLIB Retail Research noted that the healthcare sector will see demand improve due to the Covid-19 pandemic, while the technology sector will benefit from the unavoidable transition from 4G to 5G.

Net cash and dividend yielders, meanwhile, will have the ability to sail through the current trying times, it said in a report yesterday.

For the healthcare sector, its picks are Pharmaniaga Bhdand UEM EDGENTA BHD, while its top choices for the technology sector are INARI AMERTRON BHD(pic below) and UNISEM (M) BHD.

In the healthcare space, the research house noted that the gloves sector was likely to do well in FY20 given the higher demand owing to the pandemic.

In addition, it said the recent Prihatin economic stimulus package, which involved a RM1.5bil allocation for the healthcare system, would bode well for companies like Pharmaniaga and UEM Edgenta.

BPlant should be + this year

We upgrade TSH and Boustead Plantations(BPlant) to Buys (from Holds), and Sarawak Oil Palms(SOP) to Hold (from Sell) given recent sharp share price retracements as our EPS and TP remain unchanged, ” it said.

Commenting the 4Q19 results, it said this was the first industry wide YoY net profit recovery. Overall, it expects upstream planters to record much stronger YoY 4Q19 core profits.

On a QoQ basis, Sabah-based planters should exhibit the strongest profit growth. This follows a spike in spot CPO ASP of RM2,484/t (+29% YoY, +23% QoQ) and palm kernel ASP of RM1,454/t (+1% YoY, +25% QoQ) in 4Q19 which offsets the weaker output.

Maybank IB Research said the latest Malaysia Palm Oil Board’s (MPOB) statistics revealed a sharp dip in 4Q19 output to 4.67mt (-17% YoY, -14% QoQ).

Peninsular Malaysia which recorded very strong output in 1Q-3Q19 had the biggest YoY and QoQ decline in 4Q19 at 2.28mt (-22% YoY, -21% QoQ) while Sarawak reported the least YoY decline (-5% YoY, -14% QoQ). And while Sabah recorded a 17% YoY decline in output, it recorded a +5% QoQ growth.

“It is rather tricky to guess the performance of the refiners in 4Q19 although we expect most to report positive margins unless they aggressively sold forward when CPO price trended up.

“The overall refinery utilisation rate (UR) in 4Q19 fell to just 71% (3Q19: 75%, 4Q18: 74%; Fig.9-10), which typically translate to lower margins. But the lower utilization rate should be offset by inventory gains in 4Q19 as CPO price spiked.

“However, the unknown concern is whether refiners (or their trading arms) aggressively enter into forward contracts during the uptrend. Under the accounting rules, companies with locked-in forward sales at prices below that of the last day of 4Q19 will likely report mark-to-market FV losses on FI in 4Q19, ” it said.

The research house pointed out 2019’s CPO price happens to peak on the last day of 2019. Likewise, it also expects the oleochemical players (such as IOI and KLK) to enjoy another quarter of decent margins in 4Q19 but likely to be lower QoQ evidenced by the lower average industry plant utilisation rate of 96% (3Q19: 105%, 4Q18: 98%).

“In a CPO price recovery, purer upstream planters will tend to report better earnings recovery relative to integrated players.

“For 4Q19, we believe purer Sabah and Sarawak based planters, and those with presence in Kalimantan should outperform peers.

“For companies with high US$ debt exposure such as IOI and TSH, we expect their bottoms line to be lifted by unrealised forex gain as the ringgit and rupiah strengthened by 2.3% against US$ in 4Q19. Our CPO ASP forecast for 2020 is unchanged at RM2,300/t, ” it said.

Bhic's Q1, 2020 should perform better

KUALA LUMPUR (Jan 2): Boustead Heavy Industries Corporation Bhd’s (BHIC) associate company Boustead Naval Shipyard Sdn Bhd (BNS) has delivered to the Royal Malaysian Navy (RMN), the first of four littoral mission ships (LMS) it was commissioned to build.

Defence Ministry undersecretary (Procurement Division) Datuk Ahmad Hussaini Abdul Rahman received LMS1, ‘KERIS’, witnessed by RMN Eastern Fleet commander Datuk Syed Zahrul Putra Syed Abdullah and BHIC chief executive officer Ir Ee Teck Chee.

BNS signed a procurement contract with the government on March 23, 2017 to build four LMS in partnership with China Shipbuilding and Offshore International Corporation Ltd in China.

In a statement, the group said the LMS is capable of operating in multi-mission roles and in all weather conditions.

With a length of 68 metres and a maximum speed of 22 knots, the LMS has a complement of 45 crew members plus 16 personnel on detachments, and an endurance of 15 days at sea, it said.

Meanwhile, BHIC non-executive chairman, admiral (rtd) Tan Sri Ramlan Mohamed Ali said the close collaboration between BNS and RMN’s LMS project teams and the skills and capabilities of the personnel had contributed to the timely delivery of KERIS and smooth progress of the project.

“All milestones of KERIS, leading to its handover, have been met according to schedule, from the First Steel Cut on July 31, 2018 to its Keel-Laying on Oct 23, 2018 and to its launching on April 15, 2019,” he added.

Bhic will improve with new CEO.

In a statement, BHIC said Sharifuddin was formerly the CEO of Orkim Sdn Bhd, an investing company of Ekuinas providing tanker shipping service in the Asia-Pacific region.(Filepic shows BHIC's shipyard)

KUALA LUMPUR: BOUSTEAD HEAVY INDUSTRIES CORPBhd (BHIC) has appointed Sharifuddin Md Zaini Al-Manaf as its new CEO, effective yesterday (April 1).

In a statement, BHIC said Sharifuddin was formerly the CEO of Orkim Sdn Bhd, an investing company of Ekuinas providing tanker shipping service in the Asia-Pacific region.

He hold a bachelor’s degree in aeronautical engineering from Imperial College London and brings to Boustead a wealth of management experience amassed over more than 20 years working in the oil and gas and the shipping industries.

“BHIC is confident that with his experience and management capabilities, Sharifuddin will steer the organization through these challenging times and navigate it towards a path of profitability and growth, ” it said.

So much cash raised not used yet :)


OTHERS BOUSTEAD HOLDINGS BERHAD ("BHB" OR "COMPANY") VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE
BOUSTEAD HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description BOUSTEAD HOLDINGS BERHAD ("BHB" OR "COMPANY")

VARIATION OF THE UTILISATION OF PROCEEDS RAISED FROM RIGHTS ISSUE
We refer to the circular to the shareholders of the Company dated 11 March 2016 (“Circular”), abridged prospectus dated 24 May 2016 (“Abridged Prospectus”) and announcements dated 15 June 2016, 21 June 2016, 23 June 2016 and 29 August 2018 in relation to the Rights Issue. Unless otherwise defined, the definitions set out in the Abridged Prospectus shall apply herein.



On 29 August 2018, the Board announced to Bursa Securities that the Group has yet to fully utilise the proceeds raised from the Rights Issue earmarked for property development activities within the expected timeframe of 24 months from the date of listing of the Rights Shares on 23 June 2016. As at 22 June 2018, approximately RM408.0 million allocated for the property development activities has yet to be utilised. The Board had then resolved to extend further the time frame for the utilisation of the said proceeds for another 19 months from 23 June 2018 until 31 December 2019 to provide additional time for the Group to utilise the balance of proceeds for property development activities.



The Board wishes to inform that as at 31 December 2019, approximately RM196.0 million allocated for the property development activities has yet to be utilised within the expected time frame. The Board has therefore resolved the following:



(i) to vary the utilisation of the balance of proceeds allocated for the property development activities in relation to the acquisition of lands for future development and construction of a hotel in Port Klang, Selangor Darul Ehsan for the following:



(a) repayment of the Group’s bank borrowings; and



(b) working capital, in addition to the infrastructure works, for the Group’s property development projects,



(collectively referred to as the “Revised Utilisation of Proceeds”), and



(ii) to extend further the time frame for the Revised Utilisation of Proceeds for a period of 12 months from 1 January 2020 until 31 December 2020 to provide additional time for the Group to utilise the balance of proceeds for the purposes set out in (i) above.



For further details of the Revised Utilisation of Proceeds, please refer to the attachment.



This announcement is dated 28 February 2020

hopefully, this year, dividend will be paid again... LTAT and EPF are the major shareholders


Ann. Date
Ex Date
Type
Subject
Amount
View
30-Nov-2018 13-Dec-2018 DIVIDEND Interim Dividend RM 0.015 Dividend Detail
29-Aug-2018 19-Sep-2018 DIVIDEND Second interim dividend RM 0.01 Dividend Detail
31-May-2018 13-Jun-2018 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2018 13-Mar-2018 DIVIDEND Interim Dividend RM 0.025 Dividend Detail
30-Nov-2017 14-Dec-2017 DIVIDEND Interim Dividend RM 0.03 Dividend Detail
30-Aug-2017 14-Sep-2017 DIVIDEND Second interim dividend RM 0.03 Dividend Detail
29-May-2017 13-Jun-2017 DIVIDEND First Interim Dividend RM 0.025 Dividend Detail
28-Feb-2017 14-Mar-2017 DIVIDEND Interim Dividend RM 0.035 Dividend Detail
30-Nov-2016 13-Dec-2016 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
24-Aug-2016 09-Sep-2016 DIVIDEND Second interim dividend RM 0.04 Dividend Detail
29-Jun-2016 12-Jul-2016 BONUS_ISSUE Bonus Issue 2 : 5 Dividend Detail
25-May-2016 08-Jun-2016 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
10-May-2016 20-May-2016 RIGHTS_ISSUE Rights Issue 2 : 5 Dividend Detail
29-Feb-2016 29-Mar-2016 DIVIDEND Interim Dividend RM 0.0400 Dividend Detail
30-Nov-2015 22-Dec-2015 DIVIDEND Interim Dividend RM 0.0600 Dividend Detail
24-Aug-2015 15-Sep-2015 DIVIDEND Second interim dividend RM 0.0500 Dividend Detail
25-May-2015 15-Jun-2015 DIVIDEND First Interim Dividend RM 0.0500 Dividend Detail
27-Feb-2015 17-Mar-2015 DIVIDEND Interim Dividend RM 0.05 Dividend Detail
27-Nov-2014 12-Dec-2014 DIVIDEND Interim Dividend RM 0.06 Dividend Detail
25-Aug-2014 11-Sep-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
26-May-2014 12-Jun-2014 DIVIDEND First Interim Dividend RM 0.075 Dividend Detail
08-May-2014 21-May-2014 IPO Entitlement to IPO 0 : 0 Dividend Detail
27-Feb-2014 13-Mar-2014 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
29-Nov-2013 17-Dec-2013 DIVIDEND Interim Dividend RM 0.075 Dividend Detail
21-Aug-2013 11-Sep-2013 DIVIDEND Second interim dividend RM 0.075 Dividend Detail

2771 BSTEAD BOUSTEAD HOLDINGS BHD
Changes in Sub. S-hldr's Int (Section 138 of CA 2016)

Particulars of Shareholder 36

Name : EMPLOYEES PROVIDENT FUND BOARD
NRIC/Passport No./Company No. : EPF ACT 1991
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 19, Bangunan KWSP Jalan Raja Laut 50350 Kuala Lumpur WilayahPersekutuan Malaysia




No of Shares Held After Changes:
Direct : 101,097,148 shares (4.9880%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 101,097,148 shares

Remarks:
The total number of 101,097,148 ordinary shares comprising of thefollowing:-1. EPF - 96,026,678 shares2. EPF AH - 5,067,470 sharesYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



13/01/2020 07:00 AM

P/B = 0.455/1.85 ~ 0.25 only

PH helps the FGV for the felda settlers, probably PN would help Boustead for LTAT :)

potential to rebound is great e.g. pharmiaga is doing well due to the virus, selling more to hospitals, etc, average cpo price is better this year than 2019, affin is a potential target for disposal or merger, BHP is another potential target for divestment, bplant should be much better this year, etc.

Expecting Boustead like FGV, probably double in share price by year end or earlier :)

Particulars of Shareholder 36

Name : LEMBAGA TABUNG ANGKATAN TENTERA
NRIC/Passport No./Company No. : ACT1011973
Nationality/Country of Incorporation : Malaysia

Address:
Tingkat 10-12, Bangunan LTAT Jalan Bukit Bintang 55100 Kuala Lumpur WilayahPersekutuan Malaysia



No of Shares Held After Changes:
Direct : 1,204,752,018 shares (59.4360%)
Indirect/Deemed Interest : 0 shares (0.0000%)
Total : 1,204,752,018 shares

Remarks:
The total number of 1,204,752,018 ordinary shares comprising of thefollowing:-1. LTAT - 1,204,477,218 shares2. Maybank Nominees - 135,000 shares3.SSBT - 139,800 sharesYou are advised to read the entire contents of the announcement or attachment.To read the entire contents of the announcement or attachment, please accessthe Bursa website at http://www.bursamalaysia.com


Submitted By:



14/01/2020 07:00 AM

Inside Boustead:

1) BHP
2) Affin Bank
3) BPlant
4) BHIC
5) Pharmaniaga

etc

net assets per share RM1.8+

After FGV for felda settlers, time for Boustead to help the army (LTAT) haha

have a look at boustead :)

52 Weeks Range: 0.345 - 1.29
52 Weeks Price Volatility (%):
11.11%
Average Price Target: 0.90
Price Target Upside/Downside: +0.45

Chinese Oil Refiners Snap Up Bargains as Activity Resumes
By Serene Cheong and Alfred Cang
April 17, 2020, 5:47 PM GMT+8 Updated on April 20, 2020, 8:38 AM GMT+8
Crude from Russia to Canada to Brazil going cheap amid glut
Throughput at Chinese processors is back to pre-virus level


Chinese refiners are snapping up low-price oil from all over the world as Asia’s largest economy emerges from a virus-driven slump.

Varieties such as Alaska North Slope, Canada’s Cold Lake and Brazil’s Lula have been offered at steep discounts to global benchmark prices over the past week as sellers scrambled to secure buyers. Processors in China -- where throughput is back to pre-virus levels -- are snagging many of the bargains as much of the rest of the world remains in lockdown.

Spot supplies of Cold Lake were sold by a European trader at a discount of between $8 and $9 a barrel to Brent on a delivered basis, while an oil major sold a shipment comprising Alaskan North Slope and Brazilian grades at a $5.50 to $6 discount, said traders who buy and sell crude in Asia. The cargoes were purchased by Chinese independent refiners, known as teapots, which have staged a strong comeback from run-rate cuts and closures in February.

Chinese teapots' crude oil processing climbs to record level after virus
As for oil that’s produced closer to Asia, Chinese state-owned refiners have been buying Russia’s Sokol crude for significantly less than Dubai benchmark prices. The spot purchases were made on top of crude bought via long-term supply contracts with Saudi Arabian, Iraqi and Kuwaiti producers. At least five Chinese processors sought full contracted volumes from Saudi Aramco this week after it slashed official prices for Asian customers for a second month.

Major producers are still struggling with a large overhang of physical cargoes despite the agreement this month by OPEC and its allies to curb output by almost 10%. In Nigeria, one of the country’s benchmark grades, Bonny Light, fell to about $12 or $13 a barrel as swathes of Europe, the staple market for the West Arican nation, have gone into lockdown to combat the coronavirus.

Meanwhile, storage across the world -- both on land and at sea -- is rapidly filling up. Brent crude has remained in a steep contango, a bearish market structure where prompt oil is cheaper than later supplies, even after the OPEC+ deal.

— With assistance by Sarah Chen

probably close at 1.35 to 1.40, hopefully break 1.50 before holiday tomorrow

buy rate 60%, 19mil shares + traded.... 2nd half, more interesting :p

target price 4sen pun ada :(


Sapura Energy - Refinancing amid stressed scenarios
Date: 30/04/2020

Source : AmInvest
Stock : SAPNRG Price Target : 0.04 | Price Call : SELL
Last Price : 0.085 | Upside/Downside : -0.045 (52.94%)



Investment Highlights
We maintain our SELL call on Sapura Energy (Sapura) with an unchanged fair value of RM0.04/share, pegged on a 5-year P/BV trough of 0.1x on the group’s FY23F book value.
Sapura’s FY20 results registered massive impairments and provisions of RM3.7bil, which stem from goodwill impairments of RM3bil from the engineering & construction (E&C) and drilling divisions, RM241mil fixed asset impairment and RM439mil provision in anticipation of extended project delays due to the impact of the Covid-19 pandemic and expectations for a prolonged sector recovery. We understand that there may be further provisions in FY21F as the exploration and production (E&P) segment did not make any substantive impairments, pending the audit of its JV partner, OMV.
Excluding these one-off impairments and provisions, the FY20 normalised loss of RM855mil was worse than our and street’s expectations. Hence, we have raised our FY21F–FY2F losses by 12% to 22% on a RM500mil reduction in our revenue assumptions, as management has guided that RM600mil– RM800mil in engineering & construction and drilling income will be deferred from FY21F to FY22F due to slowdowns in work progress and clients’ requests.
Excluding the impairments, Sapura’s 4QFY20 normalised loss of RM511mil stems largely from the lower E&C progress recognition and low margin exacerbated by higher subcontractor costs in a volatile oil price regime, together with a RM79mil loss from E&P from lower prices and provisions. In 4QFY20, normalised drilling operations managed to breakeven even though the 7 operational rigs represented only half of the group’s fleet.
While Sapura’s outstanding order book dropped by 17% QoQ to RM13.5bil (2.7x FY21F revenues) largely due to the slow award of jobs in the current environment. The order book trajectory is likely to decline further with an annual depletion of RM5bil, even though the group is bidding for US$5.6bil of projects, a drop of 35% QoQ from US$8.6bil earlier. Despite slightly higher prospective tenders valued at US$10.6bil (vs US$9.3bil in 3QFY20), we remain cautious as clients are likely to postpone or cancel these projects if the current gloomy outlook persists, as management expects to last for 1–2 years.
Following its massive losses, Sapura’s net gearing has risen from 0.7x in 3QFY20 to 1x currently, while negative net debt/FY20 EBITDA has breached debt covenants. Management is negotiating with its lenders to waive these terms. Under these stressed environment, Sapura is aiming to refinance its entire RM10bil debt with 14 financial institutions by the end of the year, with RM4.7bil of loan repayment scheduled within the next 12 months. Nevertheless, we do not discount further financial support from PNB, which currently has a 40% equity stake in Sapura.
Given the stock’s high 2-year correlation coefficient of 72% to Brent crude prices amid a high net gearing of 1x, the stock currently trades at a low PBV of 0.1x.
Source: AmInvest Research - 30 Apr 2020

Target price 5sen? :(

Sapura Energy Berhad - Huge Losses in FY20
Date: 30/04/2020

Source : KENANGA
Stock : SAPNRG Price Target : 0.05 | Price Call : SELL
Last Price : 0.085 | Upside/Downside : -0.035 (41.18%)



FY20 missed expectation, registering huge core losses, dragged by losses in its E&C and E&P segments. The quarter saw a massive impairment of RM3.3b to account for risk of order-book materialisation amidst current market conditions. This led to a one-third deterioration of its equity book value, with its net-gearing soaring above 1.0x. Maintain UP, with lowered TP of RM0.05, given order and tender-book materialisation risks, ever-increasing borrowings and high net-gearing, on top of lack of earnings visibility in the near-term.

FY20 missed expectations. FY20 registered core loss of RM1.3b (arrived after stripping-off non-core items e.g. impairments, gains on disposal and forex), hugely missing expectations at 3.0x/2.6x of our/consensus loss forecasts. The huge mismatch was due to poorer than-expected engineering and construction (E&C) and exploration and production (E&P) segments. No dividends were announced, as expected.

Huge core losses, even after excluding huge impairments. The quarter saw core losses deepened by nearly 8x QoQ and nearly doubled YoY, dragged by: (i) steeply widened losses in its E&C segment, due to lower activities, and (ii) E&P segment plunging to losses due to unsuccessful explorations, higher depletion, depreciation and amortisation. However, these were slightly offset by higher drilling rigs utilisation, with 7 out of 15 rigs operating during the quarter, as compared to 5 rigs in 3QFY20 and 6 rigs in 4QFY19.

Cumulatively, FY20 core losses widened by 50%, dragged by: (i) huge deterioration in E&C margins, and (ii) E&P plunging to losses due to aforementioned reasons. However, these were offset by lower depreciation expenses following impairments made in 4QFY19. Drilling rigs utilisation stayed somewhat flattish YoY at ~40%.

Uncertainty in future outlook. During the quarter, the company recognised massive impairments totalling RM3.3b, surpassing last year’s impairments of RM1.5b. These impairments were made to directly address the risk of materialisation of its order-book, in anticipation of delays and prolonged duration of projects amidst current market conditions. As a direct result of the impairments, the company saw its equity book value slashed by a third, with its net-gearing level soaring to exceed 1.0x (from 0.7x) over the quarter. On top of these impairments, the company is also undergoing a cost optimisation exercise which includes employee pay cuts across the board. Management aims for these cost-saving efforts to help reduce its annual opex by RM500m. The company also guides that earnings would be challenging for the upcoming few years, with growth only possible beyond FY22. Additionally, as part of its planned capital management program, the company is on track to refinance most of its borrowings by end of the year in order to extend the maturity of existing debts.

Maintain UNDERPERFORM, with lowered TP of RM0.05 (from RM0.08) – pegged to “floor” valuations of 0.1x PBV. Post-results, we widened our FY21E losses by 270% from lowered contributions from E&C and E&P, while simultaneously introducing new FY22E figures.

Overall, with order-book and tender-book at materialisation risks amidst the current downturn, combined with its ever-increasing borrowings and high net-gearing levels, on top of having absolutely no earnings visibility in the foreseeable future, we feel that our “floor” valuations ascribed are well justified.

Risks to our call include: (i) better-than-expected recognition of order book and project execution margins, and (ii) huge improvements in cash flow and balance sheet.

Source: Kenanga Research - 30 Apr 2020

lunch break at RM1.30, 17mil+ shares traded.... hope to see it touch RM1.50 & above. tumbled from RM3.01 recently, US oil price tumbled to -USD37+ to +USD17+ now.

So, dayang should rebound much higher :)

macam ni, RM1.50 and above by today is possible :)

UBS: Oil prices will spike 115% by the end of 2020 in a dramatic reversal of the current crisis (UBS)
Saloni Sardana
Apr. 28, 2020, 07:21 AM
Thomson Reuters
UBS' wealth management arm forecast that Brent crude oil prices could rise by 115% by the end of 2020.
Mark Haefele, chief investment officer at UBS Global Wealth Management said he expects the oil market to "become under-supplied in 4Q," pushing prices up to $43 per barrel.
Oil prices have been volatile in recent days due to lack of storage options, and last week US oil dropped into negative territory for the first time in history.
On Monday oil prices plummeted 30% after United States Oil Fund, one of the biggest exchange traded funds in oil announced it would sell all futures contracts for delivery in June over a four day period.
Follow the price of oil live with Markets Insider.
Oil prices have tanked in recent days as traders scramble to find places to store oil, but UBS expects the reverse situation to happen in the fourth quarter of the year.
The Swiss bank expects Brent prices to climb back to $43 a barrel in the second half of the year once economies are expected to be back in running and have exited lockdowns.
Mark Haefele, chief investment officer at UBS Global Wealth Management, said: "While the oil market is heavily oversupplied this quarter, we expect it to move toward balance next quarter and become under-supplied in 4Q this year as lockdown restrictions are eased and oil demand picks up."


He added: "We forecast Brent to recover to $43 a barrel by year-end."
An increase to $43 per barrel for Brent would represent a gain of around 115% from its currently price, with the international benchmark trading at around $20 per barrel on Tuesday.
Oil prices have been volatile in recent days as traders are fearing the world is running out of global oil storage.
Read more: Goldman Sachs outlines a 3-part investing strategy to profit from the economy's reopening - including 4 stocks to buy for the recovery
On Monday oil prices plummeted 30% after United States Oil Fund, one of the biggest exchange traded funds in oil announced it would sell all futures contracts for delivery in June over a four day period.

US oil prices had turned negative for the first time in history last week as the May contract expired, meaning traders had to pay people to take the oil off their hands as storage facilities were limited, particularly at a key storage facility in Cushing, Oklahoma.
Coronavirus has battered demand for the fuel, with every major economy into lockdown, and economic activity remains subdued.
Some US states, including Oklahoma, have started reopening their economies this week, and several others are doing the same and lifting stay-at-home orders by Thursday, likely boosting economic activity and oil consumption in the coming weeks.
Naeem Aslam, chief market analyst at Avatrade, said: "Overall, I do contemplate that fundamentals are improving to a small extent because the US shale oil rig count has dropped vividly over the last week, and it is bound to have a positive influence on supply."
He added: "As for the demand side, I reason we have hit the bottom. This is because, with the easing global lockdown measures, it is only a matter of time when we will start witnessing the demand equation showing more signs of life."

Meanwhile, oil giant BP reported a 66% drop in first quarter profits on Tuesday as the impact of coronavirus bites companies across the globe, particularly the energy sector.
"Our industry has been hit by supply and demand shocks on a scale never seen before," Bernard Looney, BP's CEO said in a statement.

those who opt for penny oil stock, perdana is the best choice, subsidiary of dayang.... perdana should rise like dayang, its parent company :)

Already back to USD17+ today . The rebound is just the beginning :)


The West Texas Intermediate (WTI), the benchmark for the US oil industry for decades, fell from US$17.85 per barrel to minus US$37.63 in just one day this week.

Just in Feb 24 this year :)

Dayang Enterprise Holdings - Strong Ending
Date: 24/02/2020

Source : PUBLIC BANK
Stock : DAYANG Price Target : 3.15 | Price Call : TRADING BUY
Last Price : 1.24 | Upside/Downside : +1.91 (154.03%)

Back

Dayang reported a strong headline profit of RM236.3m in FY19 from RM164.2m a year ago. Stripping-off exceptional items amounting to RM6.2m, Dayang’s core net profit stood at RM216.2m (+47.1% YTD) on the back of a 11.6% increase in revenue to RM1bn. The impressive performance was mainly attributed to further improvement in profit margins as more lump-sum work orders had been executed during the year which enabled the Group to have better cost control and improved efficiencies. The Group’s FY19 gross profit margin expanded by 6.6ppt to 47.7%. While topline was at 97% of our target, core net profit was slightly below at 94% though ahead of consensus at 108%. The discrepancy in our projection was due to one-off professional fees relating to the corporate exercises amounting to RM3.7m as well as higher tax charge of 36% reported in 4QFY19. We are maintaining our earnings forecast with expectations of the Group’s work momentum to continue on the back of a solid orderbook in hand of RM4.5bn. Our Trading Buy call is affirmed with an unchanged TP of RM3.15 based on 14x PER over FY21 EPS of 22.5sen.

Results highlights. As expected, Dayang‘s 4QFY19 core profit of RM71.3m (-9.5% YoY) was relatively firm due to robust activities in the first two months of 4Q, continuing on from 3Q work orders. Nevertheless, December activities slowed due to the monsoon season, affecting vessel utilization rate and orders from its maintenance contracts. Having said that, the Group’s overall revenue exceeded the RM1bn (+11.6% YTD) mark for the first time. Together with the improvement in profit margins due to better cost control and improved efficiencies, the Group reported a 47.1% YoY jump in its core net profit as more lump-sum work orders had been executed from its topside maintenance services contracts. Higher vessel utilization of 70% had also been achieved in FY19 as compared to 64% in FY18, resulting in revenue from the chartering of its vessels improving by 59.7% YTD.
Solid orderbook, momentum to sustain. With the recent contract win from Carigali - PTTEPI Operating Company SB, together with the recent packages from i-HUC and additional “farm-in” orders, Dayang’s balance orderbook which stands at approx. RM4.5bn has surpassed the previous high of RM4bn back in in 2014. We remain upbeat on its growing orderbook with the possibility of additional orders from “farm-in” contracts.
Source: PublicInvest Research - 24 Feb 2020

Directors of dayang purchased from the open market when the closing price was RM1.33.

Further purchase from the open market from the Directors? :)


Friday, 13 Mar 2020

5:15PM DAYANG JOE LING SIEW LOUNG @ LIN SHOU LONG (1,200,000 units Acquired)

5:15PM DAYANG LING SUK KIONG (1,200,000 units Acquired)

5:15PM DAYANG WONG SIEW HONG (1,200,000 units Acquired)

5:15PM DAYANG JOE LING SIEW LOUNG @ LIN SHOU LONG (1,200,000 units Acquired)

5:15PM DAYANG LING SUK KIONG (1,200,000 units Acquired)


Friday, 21 Feb 2020

5:43PM DAYANG OTHERS

5:41PM DAYANG Financial year end net profit 227.244 million (increased 53.49%)

oil stocks can go up and down fast :)

History - Direct Biz Transactions
Date Price Change Dir-Volume Day Volume Dir-Value Day Value Avg Price % of Total Share Remarks
30/03/2020 00:00:00 1.2000 0.0600 20,000 20,000 24,000 24,000 1.2000 0.0019 -
14/01/2020 00:00:00 2.5500 -0.1800 5.700m 16.000m 14.535m 40.800m 2.5500 0.5371 -
14/01/2020 00:00:00 2.5500 -0.1800 2.850m 16.000m 7.268m 40.800m 2.5500 0.2685 -
14/01/2020 00:00:00 2.5500 -0.1800 3.272m 16.000m 8.343m 40.800m 2.5500 0.3083 -
14/01/2020 00:00:00 2.5500 -0.1800 4.178m 16.000m 10.654m 40.800m 2.5500 0.3937 -
18/12/2019 00:00:00 2.4200 0.0300 13,000 13,000 31,460 31,460 2.4200 0.0012 -
12/12/2019 00:00:00 2.3600 - 717,000 717,000 1.692m 1.692m 2.3600 0.0676 -
23/07/2019 00:00:00 1.4200 0.0500 5,000 5,000 7,100 7,100 1.4200 0.0005 -
13/06/2019 00:00:00 1.0500 - 2.236m 2.236m 2.347m 2.347m 1.0500 0.2317 -
17/05/2019 00:00:00 1.2100 0.0800 20,000 20,000 24,200 24,200 1.2100 0.0021 -
29/04/2019 00:00:00 1.5000 0.1000 26,000 26,000 39,000 39,000 1.5000 0.0027 -
21/03/2019 00:00:00 1.4800 0.0700 15,000 15,000 22,200 22,200 1.4800 0.0016 -
19/03/2019 00:00:00 1.5600 -0.0600 300,000 300,000 468,000 468,000 1.5600 0.0311 -
18/03/2019 00:00:00 1.7400 0.0300 500,000 500,000 870,000 870,000 1.7400 0.0518 -
15/03/2019 00:00:00 1.6800 -0.0100 310,000 310,000 520,800 520,800 1.6800 0.0321 -
11/03/2019 00:00:00 1.6200 0.0400 160,000 160,000 259,200 259,200 1.6200 0.0166 -
27/02/2019 00:00:00 0.9850 0.0200 3.866m 3.866m 3.808m 3.808m 0.9850 0.4007 -
24/03/2014 00:00:00 3.7500 -0.0300 2.000m 5.000m 7.500m 18.750m 3.7500 0.2424 -
24/03/2014 00:00:00 3.7500 -0.0300 3.000m 5.000m 11.250m 18.750m 3.7500 0.3636 -
21/03/2014 00:00:00 3.7500 -0.1100 3.000m 6.000m 11.250m 22.500m 3.7500 0.3636 -
21/03/2014 00:00:00 3.7500 -0.1100 3.000m 6.000m 11.250m 22.500m 3.7500 0.3636 -
18/03/2014 00:00:00 3.8100 0.1700 50,000 50,000 190,500 190,500 3.8100 0.0061 -
07/03/2014 00:00:00 3.8200 -0.0400 1.000m 2.000m 3.820m 7.640m 3.8200 0.1212 -
07/03/2014 00:00:00 3.8200 -0.0400 1.000m 2.000m 3.820m 7.640m 3.8200 0.1212 -
23/01/2014 00:00:00 5.6500 -0.0400 2.000m 2.000m 11.300m 11.300m 5.6500 0.3636 -
15/01/2014 00:00:00 5.6500 -0.1400 500,000 2.000m 2.825m 11.300m 5.6500 0.0909 -
15/01/2014 00:00:00 5.6500 -0.1400 1.500m 2.000m 8.475m 11.300m 5.6500 0.2727 -
09/01/2014 00:00:00 5.6000 -0.0700 100,000 600,000 560,000 3.360m 5.6000 0.0182 -
09/01/2014 00:00:00 5.6000 -0.0700 250,000 600,000 1.400m 3.360m 5.6000 0.0455 -
09/01/2014 00:00:00 5.6000 -0.0700 250,000 600,000 1.400m 3.360m 5.6000 0.0455 -
29/11/2013 00:00:00 5.2500 -0.0900 95,000 95,000 498,750 498,750 5.2500 0.0173 Cross Trade
06/11/2013 00:00:00 5.3700 -0.0400 100,000 100,000 537,000 537,000 5.3700 0.0182 Cross Trade
25/10/2013 00:00:00 5.0000 -0.2500 10,000 10,000 50,000 50,000 5.0000 0.0018 -
13/08/2013 00:00:00 4.8000 - 90,000 90,000 432,000 432,000 4.8000 0.0164 Cross Trade
14/06/2013 00:00:00 5.0000 0.2900 14,000 14,000 70,000 70,000 5.0000 0.0025 Cross Trade
25/04/2013 00:00:00 3.3200 -0.0700 100,000 100,000 332,000 332,000 3.3200 0.0182 Cross Trade
24/04/2013 00:00:00 3.3100 -0.1300 100,000 100,000 331,000 331,000 3.3100 0.0182 Cross Trade
17/04/2013 00:00:00 3.3100 0.0100 100,000 200,000 331,000 662,000 3.3100 0.0182 Cross Trade
17/04/2013 00:00:00 3.3100 0.0100 100,000 200,000 331,000 662,000 3.3100 0.0182 Cross Trade
04/10/2012 00:00:00 2.1200 -0.0100 200,000 200,000 424,000 424,000 2.1200 0.0364 Cross Trade
03/10/2012 00:00:00 2.1100 -0.0200 200,000 200,000 422,000 422,000 2.1100 0.0364 Cross Trade
12/07/2012 00:00:00 1.9400 0.0100 200,000 200,000 388,000 388,000 1.9400 0.0364 Cross Trade
03/04/2012 00:00:00 2.0400 -0.0300 3.000m 3.000m 6.120m 6.120m 2.0400 0.5455 Cross Trade
13/01/2012 00:00:00 1.9000 -0.0300 2.000m 4.200m 3.800m 7.980m 1.9000 0.3636 -
13/01/2012 00:00:00 1.9000 -0.0300 700,000 4.200m 1.330m 7.980m 1.9000 0.1273 -
13/01/2012 00:00:00 1.9000 -0.0300 500,000 4.200m 950,000 7.980m 1.9000 0.0909 -
13/01/2012 00:00:00 1.9000 -0.0300 500,000 4.200m 950,000 7.980m 1.9000 0.0909 -
13/01/2012 00:00:00 1.9000 -0.0300 500,000 4.200m 950,000 7.980m 1.9000 0.0909 -
12/01/2012 00:00:00 1.8500 -0.0500 3.000m 3.000m 5.550m 5.550m 1.8500 0.5455 -
25/08/2011 11:48:58 1.6700 -0.1800 24,000 24,000 40,080 40,080 1.6700 0.0044 Cross Trade
04/07/2011 14:53:06 2.0480 0.0080 1,250 1,250 2,560 2,560 2.0480 0.0002 Cross Trade
11/04/2011 11:15:16 2.1400 -0.0300 5.000m 5.000m 10.700m 10.700m 2.1400 0.9091 -
01/03/2011 16:16:32 2.0800 0.1100 15,000 15,000 31,200 31,200 2.0800 0.0027 Cross Trade
22/02/2011 16:26:53 2.1000 -0.0600 48,000 48,000 100,800 100,800 2.1000 0.0087 Cross Trade
17/01/2011 16:10:58 2.7100 -0.2600 30,000 30,000 81,300 81,300 2.7100 0.0085 Cross Trade
30/12/2010 15:03:53 2.9100 -0.0200 94,200 94,200 274,122 274,122 2.9100 0.0268 Cross Trade
20/07/2010 16:41:33 2.0900 - 30,000 30,000 62,700 62,700 2.0900 0.0085 Cross Trade

moving back to 20sen and above :)

oil price continues to rise now

brent oil USD24.27, crude oil USD16.59

OTW , dayang back to RM1.50 & above :)

back to RM1.50 to RM2 soon... tumbled from RM3+ one month+ ago :)

4 Weeks Range: 1.08 - 1.50
4 Weeks Price Volatility (%):
30.95%
52 Weeks Range: 0.71 - 3.01
52 Weeks Price Volatility (%):
21.74%
Average Price Target: 2.68
Price Target Upside/Downside: +1.47

buy rate 60%........ oil stocks wanted now

1.24 already, breaking 1.3 easily today, i guess :)

Stronger rebound is anticipated today :)

(April 30): Asian stocks were primed for gains on the final day of the month after U.S. equities advanced with Treasury yields on optimism from earnings and signs of progress in treating the coronavirus. The dollar fell.

Futures on equities rose in Tokyo and Sydney, with Hong Kong shut for a holiday. The S&P 500 Index earlier gained more than 2.5% to touch a seven-week high. Gilead Sciences Inc. said its experimental drug helped Covid-19 patients recover faster. The Nasdaq Composite Index rose to within 1% of erasing losses for the year, led by Alphabet Inc. after it reported an ad-sales slowdown that wasn’t as bad as expected. Oil futures rebounded after plunging more than 25% in two sessions.

Investors also contended with a fresh warning from the Federal Reserve that the ongoing public health crisis “poses considerable risks to the economic outlook over the medium term.” Data showed the biggest contraction since 2008 in the first quarter as the world’s largest economy shrank at a 4.8% annualized pace. Global stocks are up 11% this month as investors weigh plans by countries around the world to restart activity.

“What’s really driving markets at this stage is any positive news of potential treatments and vaccines, because ultimately that is a game changer,” said Seema Shah, a global investment strategist for Principal Global Investors. “That’s what’s going to be pushing markets, plus anything with regards to the lockdown being lifted earlier.”

These are the main moves in markets:
Stocks

The S&P 500 Index increased 2.7% on Wednesday.
Futures on Japan’s Nikkei 225 added 2.1%.
Futures on Australia’s S&P/ASX 200 Index gained 2%.

Currencies

The Bloomberg Dollar Spot Index fell 0.6%.
The yen was at 106.62 per dollar.
The offshore yuan traded at 7.0740 per dollar.
The euro bought $1.0876.

Bonds

The yield on 10-year Treasuries rose more than one basis point to 0.63%.

Commodities

West Texas Intermediate crude climbed 24% to $15.35 a barrel.
Gold rose 0.1% to $1,714.91 an ounce.

The rebound today is going to be stronger :)

(April 30): Asian stocks were primed for gains on the final day of the month after U.S. equities advanced with Treasury yields on optimism from earnings and signs of progress in treating the coronavirus. The dollar fell.

Futures on equities rose in Tokyo and Sydney, with Hong Kong shut for a holiday. The S&P 500 Index earlier gained more than 2.5% to touch a seven-week high. Gilead Sciences Inc. said its experimental drug helped Covid-19 patients recover faster. The Nasdaq Composite Index rose to within 1% of erasing losses for the year, led by Alphabet Inc. after it reported an ad-sales slowdown that wasn’t as bad as expected. Oil futures rebounded after plunging more than 25% in two sessions.

Investors also contended with a fresh warning from the Federal Reserve that the ongoing public health crisis “poses considerable risks to the economic outlook over the medium term.” Data showed the biggest contraction since 2008 in the first quarter as the world’s largest economy shrank at a 4.8% annualized pace. Global stocks are up 11% this month as investors weigh plans by countries around the world to restart activity.

“What’s really driving markets at this stage is any positive news of potential treatments and vaccines, because ultimately that is a game changer,” said Seema Shah, a global investment strategist for Principal Global Investors. “That’s what’s going to be pushing markets, plus anything with regards to the lockdown being lifted earlier.”

These are the main moves in markets:
Stocks

The S&P 500 Index increased 2.7% on Wednesday.
Futures on Japan’s Nikkei 225 added 2.1%.
Futures on Australia’s S&P/ASX 200 Index gained 2%.

Currencies

The Bloomberg Dollar Spot Index fell 0.6%.
The yen was at 106.62 per dollar.
The offshore yuan traded at 7.0740 per dollar.
The euro bought $1.0876.

Bonds

The yield on 10-year Treasuries rose more than one basis point to 0.63%.

Commodities

West Texas Intermediate crude climbed 24% to $15.35 a barrel.
Gold rose 0.1% to $1,714.91 an ounce.

Uptrend again :p


Date Close
29/04/2020 0.155
28/04/2020 0.15
27/04/2020 0.155
24/04/2020 0.155
23/04/2020 0.155
22/04/2020 0.155
21/04/2020 0.155
20/04/2020 0.17
17/04/2020 0.17
16/04/2020 0.17
15/04/2020 0.165
14/04/2020 0.17
13/04/2020 0.165
10/04/2020 0.175
09/04/2020 0.18
08/04/2020 0.17
07/04/2020 0.185
06/04/2020 0.18
03/04/2020 0.17
02/04/2020 0.175
01/04/2020 0.135

Uptrend again :)

Date Close
29/04/2020 1.17
28/04/2020 1.11
27/04/2020 1.15
24/04/2020 1.17
23/04/2020 1.17
22/04/2020 1.15
21/04/2020 1.16
20/04/2020 1.25
17/04/2020 1.28
16/04/2020 1.29
15/04/2020 1.27
14/04/2020 1.26
13/04/2020 1.22
10/04/2020 1.30
09/04/2020 1.38
08/04/2020 1.36
07/04/2020 1.45
06/04/2020 1.41
03/04/2020 1.34
02/04/2020 1.35
01/04/2020 1.15

Perdana will go up between 13.05% and 33.23% tomorrow :)

@Warriors88 Graph up
WTI CRUDE 10 mins
16.44 +33.23%Graph up
BRENT CRUDE23.13 +13.05%
29/04/2020 11:17 PM

Perdana is much stronger after debt restructuring and right issue last year :) for remembrance.


KUALA LUMPUR (Oct 17): Perdana Petroleum Bhd (PPB) is on track to return to the black in its coming financial year ending Dec 31, 2020 (FY20), since its shareholders have given their nod for the group’s proposed rights issue exercise, which forms a part of its debt restructuring plan.

At an extraordinary general meeting (EGM) today, its shareholders voted for the proposed renounceable rights issue of redeemable convertible preference shares (RCPS) of up to RM506.01 million in value, as well as the proposed provision of financial assistance to its major shareholder Dayang Enterprise Holdings Bhd (DEHB).

“Definitely next year, we will be able to turnaround, we will return to the black. We are cautiously confident nevertheless, given that we have gone through very difficult times in the last few years.

“We see better times ahead, as we have seen better utilisation and charter rates this year, which would go on to next year as well. Vessels are in high demand right now, as there is a shortage of vessels in Malaysian waters,” said Perdana Petroleum executive director Bailey Kho Chung Siang.

He added that offshore activities were seen to be picking up, noting that DEHB have seen an increase in drilling activities, which translates to better jobs outlook for PPB, given that the drilling companies require the services of the anchor handling tug supply (AHTS) vessels.

As activity picks up, PPB expects to see more longer-term contracts to be dished out next year, Kho said.

With the expected increase in contracts going forward, he said PPB could see reduced dependency on its major shareholder for charters, especially if PPB could get better charter rates with other companies.

“If we can get better charter rates for PPB, then definitely we would. While DEHB is seeing more activity, the group has its own vessels as well. PPB will be on the lookout for better charters, which could potentially reduce our dependence on DEHB from 50% currently,” Kho said.

Out of the RM506.01 million of RCPS to be issued, RM455 million will be issued to DEHB to pare off its debt to the major shareholder, as part of the group’s debt restructuring exercise, which will reduce its gearing level.

Based on its circular to shareholders, PPB sees its gearing level falling to 0.12 times uponcompletion of the rights issue and the full conversion of the RCPS, compared with 1.37 times as at Dec 31, 2018.

PPB rose 1.5 sen or 3.95% to 39.5 sen as at noon market break today, translating to a market capitalisation of RM307.5 million.

So, tomorrow, dayang and perdana will rebound between 14.42% and 32.33% :)


@nvestortrader88 WTI CRUDE

16.33
+32.33%



BRENT CRUDE

23.41
+14.42%
29/04/2020 10:59 PM

Tomorrow, perdana and its parent company, Dayang will rebound stronger. Transfer of wealth from the fearful to the brave ones :)


Oil jumps more than 30% on hope economy will reopen sooner than expected
PUBLISHED WED, APR 29 202012:14 AM EDTUPDATED MOMENTS AGO
Eustance Huang

Oil prices jumped more than 30% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.

West Texas Intermediate for June delivery surged 32.6%, or $4.03, to trade at $16.39 per barrel, while international benchmark Brent crude traded 15.6% higher at $23.65.

Optimism that economies will be able to re-open ahead of schedule rose after Gilead said early results of its coronavirus drug trial showed that at least 50% of patients treated with a five-day dosage of antiviral drug remdesivir improved and more than half were discharged from the hospital within two weeks.

Stocks rose following the news, despite a 4.8% contraction for U.S. GDP in the first quarter — the largest contraction since the financial crisis.

Oil prices also got a boost on a smaller-than-expected build in U.S. inventories. According to data from the U.S. Energy Information Administration, crude stockpiles rose by 9 million barrels for the week ending April 24. This was lower than the 11.7 million barrel build analysts polled by FactSet had been expecting.

"Oil prices rose on Wednesday morning as traders cling to potentially positive indications that the demand-supply gap may somewhat become smaller soon," Rystad Energy's global head of oil markets Bjornar Tonhaugen told CNBC.

"Overall we need official announcements for cuts or economies reopening for prices to stabilize. Expect a lot of volatility and price swings either way in coming days as bullish and bearish traders weigh their hopes and fears in a market that is desperate to find something to hang on," he added.

Oil prices swayed wildly on Tuesday between gains and losses as investors continue to keep an eye on depleting crude storage space amid a dearth in demand. The coronavirus pandemic, which has forced countries around the world to shut their economies temporarily as people are told to stay home, has reduced global demand for crude by as much as a third, according to some estimates.

WTI for June delivery fell 44 cents, or 3.4%, to settle at $12.34 per barrel on Tuesday. International benchmark Brent crude, on the other hand, gained 47 cents, or 2.35%, to settle at $20.46.

In a note dated April 28, Moody's Investors Service said it was reducing its near-term oil price assumptions for WTI as well as Brent.

"Exceptionally weak short-term prices will persist until production drops enough to ease the strain on storage facilities already operating at or close to full capacity," said Elena Nadtotchi, vice president and senior credit officer at Moody's. "Significant supply adjustments in due course should help to balance the market later in 2020, but the pace of the market's rebalancing and rising oil prices will depend on demand recovery."

Moody's price prediction for WTI is currently $30 per barrel this year, and $40 next year. For Brent, it sees prices averaging $35 per barrel in 2020 and $45 in 2021.

Data from the American Petroleum Institute released Tuesday night showed that U.S. crude inventories jumped by 10 million barrels in the week to April 24, bringing the total to 510 million barrels. That was lower than analysts' expectations of a build of 10.6 million barrels, according to estimates from Reuters.

— CNBC's Sam Meredith contributed to this report.

Tomorrow, dayang and its subsidiary, perdana will rebound stronger. Transfer of wealth from the fearful to the brave ones :)


Oil jumps more than 30% on hope economy will reopen sooner than expected
PUBLISHED WED, APR 29 202012:14 AM EDTUPDATED MOMENTS AGO
Eustance Huang

Oil prices jumped more than 30% on Wednesday following a report that showed a smaller-than-expected build in U.S. inventories, as well as on the hope that economies will reopen sooner than expected.

West Texas Intermediate for June delivery surged 32.6%, or $4.03, to trade at $16.39 per barrel, while international benchmark Brent crude traded 15.6% higher at $23.65.

Optimism that economies will be able to re-open ahead of schedule rose after Gilead said early results of its coronavirus drug trial showed that at least 50% of patients treated with a five-day dosage of antiviral drug remdesivir improved and more than half were discharged from the hospital within two weeks.

Stocks rose following the news, despite a 4.8% contraction for U.S. GDP in the first quarter — the largest contraction since the financial crisis.

Oil prices also got a boost on a smaller-than-expected build in U.S. inventories. According to data from the U.S. Energy Information Administration, crude stockpiles rose by 9 million barrels for the week ending April 24. This was lower than the 11.7 million barrel build analysts polled by FactSet had been expecting.

"Oil prices rose on Wednesday morning as traders cling to potentially positive indications that the demand-supply gap may somewhat become smaller soon," Rystad Energy's global head of oil markets Bjornar Tonhaugen told CNBC.

"Overall we need official announcements for cuts or economies reopening for prices to stabilize. Expect a lot of volatility and price swings either way in coming days as bullish and bearish traders weigh their hopes and fears in a market that is desperate to find something to hang on," he added.

Oil prices swayed wildly on Tuesday between gains and losses as investors continue to keep an eye on depleting crude storage space amid a dearth in demand. The coronavirus pandemic, which has forced countries around the world to shut their economies temporarily as people are told to stay home, has reduced global demand for crude by as much as a third, according to some estimates.

WTI for June delivery fell 44 cents, or 3.4%, to settle at $12.34 per barrel on Tuesday. International benchmark Brent crude, on the other hand, gained 47 cents, or 2.35%, to settle at $20.46.

In a note dated April 28, Moody's Investors Service said it was reducing its near-term oil price assumptions for WTI as well as Brent.

"Exceptionally weak short-term prices will persist until production drops enough to ease the strain on storage facilities already operating at or close to full capacity," said Elena Nadtotchi, vice president and senior credit officer at Moody's. "Significant supply adjustments in due course should help to balance the market later in 2020, but the pace of the market's rebalancing and rising oil prices will depend on demand recovery."

Moody's price prediction for WTI is currently $30 per barrel this year, and $40 next year. For Brent, it sees prices averaging $35 per barrel in 2020 and $45 in 2021.

Data from the American Petroleum Institute released Tuesday night showed that U.S. crude inventories jumped by 10 million barrels in the week to April 24, bringing the total to 510 million barrels. That was lower than analysts' expectations of a build of 10.6 million barrels, according to estimates from Reuters.

— CNBC's Sam Meredith contributed to this report.