Inari should break 2.00 by fri. Still got room for making money. Rumours that they announce unprecedented qtr earnings n dividend

Perdana Petroleum - Rise and shine
Date: 13/02/2014

Source : MAYBANK
Stock : PERDANA Price Target : 2.55 | Price Call : BUY
Last Price : 1.92 | Upside/Downside : +0.63 (32.81%)

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Maintain BUY with a revised TP of MYR2.55 (+34%; 15x FY15 PER) following 11%-32% rise in FY13-15 earnings forecasts.

Market underestimates its growth but a sterling 4Q13, higher utilisation & DCRs, and fleet expansion will intensify interest.

A growth stock (3-yr 76% net profit CAGR), with inexpensive valuations and improving balance sheet.

What’s New
4Q13 results are likely to beat expectations. Fundamentals are better than initially projected. Consensus estimates are conservative relative to growth. Our revised FY13/14/15 forecasts are 18%/12%/22% above the Street’s numbers.

What’s Our View
We expect Perdana to report strong 4Q13 net earnings of MYR18m- 20m (+16-29% QoQ). This would lift its full-year earnings to MYR60m (+167% YoY), beating consensus estimates by 17%. We expect this outperformance to be fuelled by higher utilisation and lower operating expenses.

For 2014, Perdana will realise MYR20m in savings from the disposal of 8 ageing OSVs (MYR10m) and the purchase of 3 OSVs (Frontier, Horizon and Liberty) from its sale & leaseback scheme (MYR10m) in 2013. It will also progressively recognise maiden profits for 3 new OSVs (Protector, Resolute, Emerald) with charter contracts. Utilisation of OSVs is set to improve further should it convert 3 spot charters (Frontier, Ranger, Enterprise) to long-term contracts.

Its balance sheet and cash flow have improved and Perdana is well positioned to expand its fleet size. It has the capacity to add 2-3 new OSVs to its fleet as it leverages on PETRONAS increasing capex and EOR works in Malaysia. 2 new work barges could lift earnings by MYR18m p.a. while capping net gearing at 1x (0.6x now).

Source: Maybank Research - 13 Feb 2014

I believe we should see 0.30 breach before CNY

??????

Inix should come next week. Be alert

INARI HAS ANNOUNCED ITS SUBMISSION FOR TRANSFER TO MAIN BOARD TO THE SECURITIES COMMISSION LAST FRIDAY 10-JAN. IT WILL BE GREAT FOR INARI ONCE APPROVED BY SC WHICH IS EXPECTED TO BE SECURED IN MARCH 2014. WITH THIS APPROVAL I BELIEVE THE PRICE WILL FLY PAST RM3.00. AS AN ACE COUNTER; MOST IF NOT ALL FUNDS CAN'T BUY AS THEIR CHARTER PROHIBITS FROM BUYING ACE COUNTERS.

ONCE APPROVED, LOTS OF LOCAL N FOREIGN FUNDS WILL START BUYING THIS COUNTER AS ITS PRESENT FUNDAMENTAL AND FUTURE POTENTIAL GROWTH IS PHENOMINAL.

BUT IN ANY CASE WHATSOEVER, ITS APPLICATION IS REJECTED, THERE MIGHT BE SOME RETRACEMENT OF PRICE TO MAYBE 1.20 INITIALLY BUT ITS GREAT FUNDAMENTAL WILL CARRY IT BACK TO 1.50 TO 1.70 LEVEL WITHIN 3 TO 6 MTH.

ANOTHER WORD OF REMINDER FOR CONTRA PLAYERS BANGING ON THE SUBMISSION SHOULD BE CAREFUL SINCE OUR MARKET NATURE HAS ALWAYS BEING BUY ON RUMORS AND SELL ON NEWS. PRICE MIGHT RETRACE TOMORROW TO ABOUT 1.60 LEVEL BEFORE ASCENDING AGAIN...JUST MY 2 CTS VIEW; I MIGHT BE WRONG


HAPPY TRADING

believe it should touch 2.00 by CNY as the buying momemtum from funds especially EPF is very strong

reenter about 1.60 support. a lot of upside after healthy correction to 1.60

BEWARE...MIGHT GO TO PN17. HEAVY LOSSES. LOOK AT THE FINANCIAL STATEMENT

TP 1ST LEVEL 0.30 BY CNY N 2ND LEVEL 0.42 IN 2MTH

Just a 2 cent advise. Sell 1st n buy later at 0.10. My observation is thst somebody trying to push down the price to par value 0.10.

Inari mother should see aggressive window dressing by funds this afternoon to reflect good closing for the year. I think it will close the year at 1.70. Just watch the buying momentum for the afternoon session.

Like I said. Its a fool's alarm. Those who boght at 0.13 upwards will regret. Sell 1st n buy back below 0.12

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RHB Research
Author: kiasutrader | Latest post: Mon, 30 Dec 09:30

Blog Headlines (by Date) Blog Index
Trading Stocks - 30 December 2013 - Inari | FAVCO | KSL | MAYBULK | Eversendai | JCY | Pelikan
Author: kiasutrader | Publish date: Mon, 30 Dec 09:30
S
The uptrend in Inari Amertron may continue after the stock’s firm close last Friday. A trader may buy if it stays above MYR1.60 today, with a close below MYR1.54 as a stop-loss. Should the MYR1.70 resistance be broken, the price target will be MYR1.80. However, a failure to stay above MYR1.60 will likely see the stock drifting sideways, with further support seen at MYR1.50.

Perdana Petroleum - Sweet 16
Date: 26/12/2013

Source : CIMB
Stock : PERDANA Price Target : 2.00 | Price Call : BUY
Last Price : 1.57 | Upside/Downside : +0.43 (27.39%)

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Target RM2.00 (Stock Rating: ADD)

Perdana has taken delivery of its 16th vessel, which will be deployed to Dayang on a long-term job, wrapping up a year of exceptional turnaround following several washout years. Keep an eye on this company as it takes on more deliveries next year. We continue to value the stock at a CY15 P/E of 15.8x, applying a 30% discount to the average P/E of the oil & gas big caps. The stronger earnings uptick expected in FY14 is the potential re-rating catalyst that supports our Add call.

We continue to value the stock at a CY15 P/E of 15.8x, applying a 30% discount to the average P/E of the oil & gas big caps. The stronger earnings uptick expected in FY14 is the potential re-rating catalyst that supports our Add call.

What Happened
During our meeting with Perdana's management yesterday, we learned that the company has recently taken delivery of its 16th vessel, a work barge named Perdana Protector. The company is set to add two more work barges next year (Figure 1).

What We Think
We are encouraged that Perdana's fleet expansion programme is on track. The operating environment in the marine support space has been very conducive, with improvement in both charter and utilisation rates. Perdana currently fetches a charter rate of around US$2/HP for a 5,000HP anchor handling tug supply vessel, higher than US$1.50-1.80 netted last year. Meanwhile, the company's utilisation rate shot up to a robust 83% in 3Q13 from an estimated 74% in 3Q12. With Perdana Protector, the average age of Perdana's young fleet reduces to less than four years. Around 65% of the company's working vessels are on long-term charters, including those with the company's largest shareholder, Dayang. Perdana has so far mobilised four vessels for the charters with Dayang. It will put Perdana Protector to work, also for Dayang, on a long-term basis effective Feb 2014. To recap, Perdana clinched a 5+1 RM705m contract from Dayang in May 2013 for the provision of six vessels starting from Jul 2013.

What You Should Do
Accumulate the stock and ride the wave of improvement in Perdana's utilisation and charter rates, which supports the company's earnings turnaround in FY13. We expect the positive momentum to continue in FY14 as the company expands its fleet.

Source: CIMB Daybreak - 26 December 2013, Full PDF Report

COLLECT SLOWLY BUY AVERAGING UPWARDS

LIKE A SAID, SELL YOUR MQTECH 1ST. IT LOOKS LIKE SOMEBODY WILL BE DUMPING THE SHARES TO BELOW 0.10. YOU CAN BUY BACK LATER

Another uptrend wave should be coming next week as indicative from the collection pattern last week. Heard next push 0.30

Inari should close the year between 1.70 to 1.80. Let's wait and pray. Just 2 trading days only.

Throw out 1st and collect below 0.10. It looks like syndicate cleaclearing the holding like on last Thursday when they just throw.

SLOW BUT SURELY

Thanks up up up. This good news by SC w really made inari transfer to main board expedited. Tomorrow sure fly. Go in early. Don't miss the boat. Funds both local n foreign will also be window dressing their portfolio for good year end closings to reflect good in their books for 2014. I expext inari to close the year at rm2.00. Let's see whether I am correct.

If inari break 1.70 tomorrow then we can see 1.80 by this week n 2.10 by end of mth

It should to touch 1.80 latest by Wednesday next week. Lets see. My magic date mentioned earlier dec 16. Wed is dec 18

Inix should continue its impressive run up. Expect it to test 0.30 thid Friday n 0.40 by year end. Anticipating a major corporate development yo be announced.

Slts is a fully satisfied investor and made his bucks. He still believe in inari but worries about general market conditions. We should respect his decision. I believe inari will be always close to his heart and he should reenter when general market conditions allow. Until then thank you Slts for your meaningful participation all this while. Do continue to participate in this thread giving your views for the benefit of other believers.

Chiam4192......just watch this "magic" date 16 dec 2013 and compare the price now 1.43 and on 16 dec. then you will know what I mean.

Inari may climb after its firmer move yesterday. A trader may opt to purchase the shares if the stock stays above MYR1.35 today, with a close below MYR1.30 as a stop-loss. Price target is MYR1.55, if the MYR1.40  resistance  is  broken.  A  failure  to  stay  above  MYR1.35, however, could  see the stock trading lower, and the downside risk will increase if the stop-loss is triggered......from I3 INVESTOR

Come next week, all inari loyalist will hit jackpot. Expect inari to touch its fair value of 1.90 (as per recommendation by Hong Leong Investment Bank)... there are big thing to happen before 28 november & 16 Dec. Be patient and those brave hearts should reload more for this Bonanza. Year end TP should be above 2.00 and warrant 1.62 minimum.this is a fundemental stock with a string of goodies coming along the way. I will surely load to my maximum this Monday.Risk is low and I don't expect retracement until end of year. HAPPY TRADING BELIEVERS FOR YOUR YEAR END BONANZA!!!!!!!!!!!!!!!!!!!!!!!!

Collect on weakness

Good price to collect now

OTHERS TH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”) - LETTER OF AWARD FROM LUNDIN MALAYSIA B.V.

TH HEAVY ENGINEERING BERHAD

Type Announcement
Subject OTHERS
Description TH HEAVY ENGINEERING BERHAD (“THHE” OR THE “COMPANY”) - LETTER OF AWARD FROM LUNDIN MALAYSIA B.V.
INTRODUCTION
The Board of Directors of TH Heavy Engineering Berhad ("THHE”) is pleased to announce that its wholly owned subsidiary, THHE Fabricators Sdn. Bhd. (“TFSB” or "the Company") has received a Letter of Award from Lundin Malaysia B.V. (“Lundin”) dated 4 November 2013 for the fabrication of Wellhead Platform (WHP) in relation to the PM307 Bertam Field Development Project (“the Contract”).
INFORMATION ON THE CONTRACT

Under the Contract, the Company is to undertake the Fabrication of Wellhead Platform (WHP) for the Bertam Field Development Project located at Block PM307, approximately 175 kilometers off the east coast of Peninsular Malaysia. It is a one-off contract and the scheduled completion date for the contract shall be approximately 12 months.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets per share of THHE for the financial year ending 31 December 2013 and 2014 respectively.

RISK FACTORS

Risk factors affecting the Contract include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has over more than a decade established its track records and expertise to undertake such projects. Therefore, the Board and management believe that the Company is able to mitigate the abovementioned risk factors.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT

The Board of Directors of THHE is of the opinion that the acceptance of the Contract is in the best interest of the Company.

This announcement is dated 12 November 2013.


Announcement Info
Company Name TH HEAVY ENGINEERING BERHAD
Stock Name THHEAVY
Date Announced 12 Nov 2013
Category General Announcement
Reference No CS-131112-96BBC

DONT TOUCH THIS COUNTER UNTIL FORCE SELLING OVER THIS THURS. IT MIGHT TRAP PUNTERS AGAIN

I believe they will push insas higher tha 0.96 this afternoon

Sell tomorrow.on T4 that is thur will see the price collapse. Then go in again. Must know when to cut loss or you will lose more by hesitation

Insas will most certainly break rm1.00 by wed. Expect insas to ride on inari expected good results due 28 November. Heard thong will buy into inari to make it a 51% subsidiary. Inari is just an associate company of insas with 36% holding. By making inari it's subsidiary, insas will benefit from account consolidation with inari. By buying from market will push inari price. I expect inari to be rm1.80 n insas rm1.20 by end of November.
Let see whether the info i receive above will materialise.
11/11/2013 20:01

Insas will most certainly break rm1.00 by wed. Expect insas to ride on inari expected good results due 28 November. Heard thong will buy into inari to make it a 51% subsidiary. Inari is just an associate company of insas with 36% holding. By making inari it's subsidiary, insas will benefit from account consolidation with inari. By buying from market will push inari price. I expect inari to be rm1.80 n insas rm1.20 by end of November.
Let see whether the info i receive above will materialise.

Expect to breach rm1.00 tomorrow on huge buying momentum. Heard tabung haji collecting today to boost their sshareholding.

Vol increasing. About time it will roar. Dont miss this

Calvin1988, it simply means just sell at 1st instance of a rebound if any. It is almost certain it will be winding down with immediate 1st support at 0.36

Watch for volume. If you see volume then game starts. Tp 0.40 by end of year

Coming week will be the week for thheavy. Expect to breach most major resistance of 0.97 n 1.00, the dky is the limit.

Monday don't be hood wink by the operator pretentious of supporting the price on opening. Operator will take the cue from dow Jones good closing last Friday to support early in morning n later probably 5 or t10 minutes after 9am they will short sell n buy lower for gain. BE CAREFUL especially if you are on contra. Throw on strength with hesitation or you will regret more. Any sensible operator will wait after T4 or force selling before bringing up yhe price. The extreme high volume Fri obviously will lead to further down trend.

Inari : Khazanah interested to buy 20% shares as disclosed by Inari's CEO.. came out in Focus

Inari registered more than double it profit for this year to rm41mil. This will propel the price tomorrow

New waves coming come November. Don't miss this chance

PERDANA IS EXPECTED TO TOUCH 2.50 BEFORE YEAR END PRIOR TO THE IMPENDING BONUS ISSUE

INARI IS ONE SURE GOOD STOCK WITH GREAT PRICE UPWARD POTENTIAL. ANTICIPATED APPROVAL FOR TRANSFER TO MAIN BOARD IN MID NOV 2013. PRIOR TO THIS; AN IMMINENT RALLY IS EXPECTED BRING THE PRICE TO ABOVE RM2.00

SORRY, I MEANT 1.36 TO 1.40 LEVEL

INARI SHOULD CONSOLIDATE AROUND THIS 1.6 TO 1.40 LEVEL FOR THIS WEEK BEFORE CHARTING NEW HIGHS NEXT WEEK