https://criticalmalaysia.com/2020/11/20/oil-prices-expected-to-reach-usd60-by-end-2021-goldman-sachs-citigroup-critical-malaysias-take/

Crude oil had enjoyed its premium status of a sound financial asset for years, with some even comparing its intrinsic value to that of gold. However, things have changed in 2020. The performance of crude oil so far this year can be described as anything but stable. The US targeted assassination of Iran’s most powerful military commander, the ongoing Covid-19 pandemic and the Saudi-Russia oil price war have been among key factors contributing to the commodity’s wild ride.

Yet, Oil prices are set to rise to $60 a barrel by the end of next year as the oversupply will have been drawn down by then, according to Citigroup, which is bullish on oil. Growing economies will lead to global oil demand returning to the pre-coronavirus levels in late 2021, Citi’s global head of commodities research Ed Morse told Bloomberg in an interview.

According to Citigroup, Brent Crude prices – which slumped below $40 a barrel last week amid growing concerns about demand – are set to average around $55 per barrel next year and recover to $60 a barrel by the end of 2021. WTI Crude – at $37 early on Monday – is expected to jump to $58 per barrel by the end of next year.

Another major bank, Goldman Sachs, also sees prices hitting $60 a barrel and even more next year. Goldman Sachs expects Brent Crude to reach $65 a barrel in the third quarter of 2021, although it could end the year lower, at $58 a barrel. Goldman Sachs also expected West Texas Intermediate to rally to $55.88 a barrel by the third quarter of next year, up from $51.38 a barrel in earlier forecasts, Business Insider reports.

"Oil Producers and Energy related companies in Malaysia that are considered to possess capability of returns by end-2021 includes Hibiscus Petroleum with a target price of 0.70 cents and Sapura Energy Berhad."

Dont jump in the ship late.

Got a source just tell me that they are making announcement soon on the Qatar project. 600 million new contract bringing the year to 1.3 Billion. With a 30% cut in costs, likely their next quarter have higher profit than this. Estimate 0.20 while net asset value now at 0.60. One big shark entered 0.13 and still holding. Something tells me the 30% from 0.1 to 0.13 knows something upcoming. Happy investing

Btw i bought QES last time at 0.19 and again at 0.15. I sold everything at 0.31. I pick 2 or 3 stocks a year, and i am 100% right. Other than transportation, after the recovery, take a look at entertainment related stocks as well. These would fare well after vaccination available, and also as economy recovers gradually. But it will take 1 to 2 years to realize. But if a 40 to 50% gain for these 2 years, you still beat both the market and warren buffet. Small investors have the advantage of % return

@hiengor, its jsut to shield through the current year. The unlimited pass is not forever

I bought in at 0.59 and still holding despite earning about 17%. Wait quarterly report and dont regret when it suddenly rise 20-30%

Initially, i feared that other airlines will be able to compete as the playing field was "normalized and vacanted" due to the lost of market share due to COVID. But i have a few analysts and doing research myself, the other competitiors liek malindo, lion airlines etc, they dont have the capacity AA does. And AA is aldy dominating a few local domestic countries in their local travel. Its a matter of time AA will return t0 RM1-1.50, a up target of 100% (60 cents to RM1.20). Its severely undervalued, considering its NAV is also at 0.89. Even if you lelong everything wont be so cheap

After you discount their international flights, probably upcoming quarter would see somewhere around 1.5-2 billion in revenue, but a 50% reduction in their costs as well. Use your brain. They can go longer than a year now with 1 billion new injection (although it only reaches 10% today incrment, below my estimation of 20% considering market cap is at 2 bill before the news released). Andddd, next quarter could be profit too as their unlimited passes were sold out.

Matter of time AA return to RM1

30-40% of their revenue stream comes from domestic flights in Thai, Phil, Malaysia etc. Discounting at 60% of their revenue, it could definitely pay the merely 250 mil in operating expenses, not just cover but a little profit too. Their turnover was 3-4 Billion per annum with profit after tax a quarter 200 million on average before the crisis on average. In good times 2018, 2019quarterly profit averaged 500 million a quarter.

Its a matter of time safe green bubbles opened up, and being a monopoly and having the assets for expansion, AA will eventually rose back to RM1 levels easily within a year. And the founding of vaccine contributed to this

Dump rubber. Its overvalued. Buy transportation

Their operating expenses only 250 mil a quarter. With 1 bil can sure survive until mid 2021. By that time also either lots of safe bubbles or international travel. I bought 3000 lots, 180k at 0.590 but I will hold till next year. For sure will rise to at least 0.9 or RM1 by mid 2021. Its NAV aldy 0.89

The market cap is 2 bil. Imagine 1 bil cash injection. And the liabilities aldy 7bil. With this included although 8B in LTL, it's solid position. It's just like when you run a financially distressed company, what would happen? If manage to raise funds of course it will rise. Last time ARMADA also same. When Ananda inject 1 Bil in equity, aARMADA rose 50%

When I read these comments I felt like laughing. Obviously Monday opening will rise like mad. The market cap is 2bil with long term liabilities 7B. When you have an approved loan and willing financier, obviously the stock price will rise tomorrow probably as much as 30%. And this counter is a bloody monopolistic core business. It's a matter of time AA return to 1/1.5 levels.

I agree...bought in almost rm100k at 0.265. Losing 20% now sigh. Shit trump too free nothing to do. This company has a lot of value. I dare to invest as this company really has the potential after I went through their annual report. Then when Investment bank have a tp of 0.34, I bought in straight away. I think it will recover back soon, especially .27 to .29 levels. Their products are unique and many automotive industries need it. Besides they are also in the distribution business so there is a lot of diversification

Brexit won't affect the property market much. Look at Savills and Reuters reports....past 2 years still strong record in property listed firms

Will rise back to 0.85 to 0.95 after April when market recovers...when people worry you should enter now

My friend works as the finance manager...he bought additional 500 lots yesterday...there are news of next quarter high profit as the new processing center is completed and high demand of courier services due to CNY and Christmas

2nd dividend its...this time at least 50 cents

There is another dividend at least 40 to 60 cents in the next quarter....reliable info

There is no better time to buy! Enter now when it is severely cheap

This stock will rise till 3.65 minimum due to the dividends....now still collect...Don't say miss the boat pls...

Lol target price rm4 is real. Macquarie group I trust you. MIDF and MACQUERIE are the more realistic one. CIMB too conservative....AA had been expanding aggressively when other airlines are not...It's gonna be a great year ahead! TO RM5!

Can you imagine MYR 2 billion cash???!??! Luckily TF didnt buy airport reit... he just want to take in profits via his huge chunk ordinary shares so dividend is confirmed imminent

Won't crash....their profit Q3 should at least 300% higher than previous Q2. Tony said exchange rate 3.80 USD.. I know this has nothing to do with share price but directors and sub shareholders can't directly tell the public what the share price is going to be. Just watch and see stock price up...after q3 report....don't say I didn't invite you into this boat...later complain miss

Future earning potential even higher...when oil price high AA gain market share when other airlines scared.. now oil price lowest in 9 months....and guess who has Future?

TF didnt buy into airport felt....wants dividend to his huge chunk shares

Either way AA is cash rich 2 billion

TP RM4.1!

Confirm dy dividend 70 cents! Insider info hehehhehehe @toto collect more hahahah I am in this flight all the way

Lol desperate idiots spreading on Facebook about safety to pull stock price down so they can buy ...seriously, of all stupid reasons you want to talk about safety?

4.5 by end 2018. Watch it. You hear it first from Cinfy

If idiots don't understand it's okay...as there is always that group of people who missed the boat or jealous of others trying to make others feel bad

It also serves the SC guidelines where profits realized must be recorded in the QR

AA is ultra cash rich and TF wants a pie of it. They didn't buy airport reit and being a substantial shareholder you will want your share of the disposal profits. Hence announcing dividends serves the substantial holders interest. We are just tagging along as side kick. This stock can continue buy at least u til 3.7 or 3.8

Don't regret. Mark my words. If you look back at my post last month I keep encouraging you all to buy at 2.5-2.6. Idiots said it will drop to 1.50. Now listen up Idiots, this stock will rise up to RM4 easily by end of this year.

RM 4 coming soon

This counter should be at least around 3.5 and it is still undervalued. If Tony announces dividend it will hit RM4 easily. Btw Tiny WILL announce dividend as he is the majority shareholder and he just wants his share of the profit. This is the main reason why Tony never bought airport reit in the first place. AA is damn cash rich

RM4 coming in 2019

Eatcoconut yeah fuel cost hike LOL...hike my ass. Brent drop to 8 month low...good luck with SIngAir when even Singaporeans use AA

My biggest gain this year is from IHH and Top Glove. Air Asia will be next.

Oil prices drop to 8 month low:-
https://www.google.com/amp/s/seekingalpha.com/amp/article/4219102-can-price-oil-fall

Reuters Article:-
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKCN1NC026

Insignificant impact of tourism tax:-
http://www.theborneopost.com/2018/11/08/departure-levy-impact-may-be-minimal-based-on-previous-psc-increase/

Trumps mid term won't affect the sanction as it is already enforced. You guys are like aunty uncle speculators simply writing shit here. Limit down my ass....

This stock will.only go up as there is a serious oversupply of gas in the global supply since China doesn't give a shit about the sanction that they keep buying from Iran and this is the main reason why US grant waiver for something they couldn't control.

Airasia is only going one direction...UP. Not just about dividends, they expanded in the period of time where other stakeholders are scared, gaining high market share. And tourist tax as reported by MIDF had no impact as it's too small to be calculated. Please do your study and research lah uncle aunty...

I bought 100 lots yesterday. Not too late to buy this counter as the trend is now reversing...I will dare say will hit 4 bucks easily in 2020.

https://uk.reuters.com/article/uk-global-oil/oil-prices-drop-over-1-percent-on-worries-about-iran-sanction-waivers-idUKKCN1NB028

5 hours ago! China will keep buying with waiver so useless sanction...oil prices dropped 2 percent on Tuesday when we Deepawali....ordered 100 lots now before market startssss

RM4 is real and otw

Best time to buy this week..pace already picking up. Don't miss the train!

It will hit at least 3.5 to 3.6 within this month..if there is interim dividend, will hit 4.00

Those speculators telling you it will drop to RM3 despite all investment bank's target price are speculators. They don't know what stock valuation and fundamentals are. If you are in for the long haul, 1 or 2 months for 10% return when the price hits 3.50 is easy...the most stable form of business is always transportation and logistics like Airasia..and ringgit getting stronger as well

going to hit 0.60 soon. Wait for it

INFO : They are discussing to extend a lot of contracts. The GST contract are compelled to many compensation, hence, the government will get MyEG to introduce SST system. And there will be changes in the BOD. Mark my words. Next week you will see it rise to RM 1 at least.

It will rise to 0.90 after recovery adjustment of the shock (Malaysians over reacted and don't understand their nature of business )....watch it rise soon...they are merely distributors of steel locally...that tariff won't affect them much.. better go and buy their shares while it's low

Why no trading today

but Leong Fat export to US accounts less than 1%

Rm 2.50 coming soon...wait for it