Share consolidation move from 50:1, reduced debt, steady stream on Revenue, profitable OL. Its looks possible for a shareholder to make this counter fly.

Looking at the prospect of the short term, ICON looks set to delivering a good set of numbers after their restructuring plan in Feb. They have also improved thier FCF.

The market reaction is on their upcoming Q1 report. It’s going to be bad but how bad could it be?

Q1 numbers out this month going to be bad. Long terms prospect still good.

Velesto, like most of the O&G counter will likely include impairment charges into Q1 due to the low oil price.

https://www.nst.com.my/business/2020/04/587082/petronas-shuts-down-14-projects-until-oil-price-recovers

Oil price WTI start to recover but demand need to increase in order to support consumption.

The drop is impacting oil TRADERS as contract closed on 20Apr for May supply price. Oil producer have little impact as June future contract supply price range for $20+ on WTI. Cooool. You can check on Shell/BP/Exxon share price.

Significant difference in TP price set by research house - AMInvest (Sell TP 0.10 vs PublicInvest (N TP 0.21). Time will tell come May.

AmInvest is setting a TP for Armada at 0.10. They are dialing in all the risk into TP. Is that the right approach?

Aminvest TP ARMADA at $0.10. Would assume all O&G counters being reviewed by Aminvest will be heavily risk factored.

Applaud Petronas in maintaining their 2020 CAPEX expenditure RM26B - RM28B amidst low oil price.

https://www.theedgemarkets.com/article/petronas-maintain-capex-despite-oil-price-slump

Applaud Petronas in maintaining their 2020 CAPEX expenditure RM26B - RM28B amidst low oil price.

https://www.theedgemarkets.com/article/petronas-maintain-capex-despite-oil-price-slump

Expecting to have a good deal with OPEC +, should USA be Part of the cut, mid term prospect for Armada and other oil players looks solid once economy come out from Covid 19 impact.

tkl88 I like your optimism. Keep it up!

Believe the OPEC + plan production cut will rope in USA. This will have greater impact on the future oil price as in the past USA is not part of OPEC +!

Stock market movement is based on leading indicator. What trump is doing is to push price higher. Is inevitable that oil price will go up next week onward.

Trump don't like oil price too high nor too low. Optimum level $60/tong.

Here we go TRUMP

Here we go TRUMP

https://www.thejakartapost.com/news/2020/04/02/saudi-arabia-seeks-urgent-opec-meeting-to-stabilize-oil-market.html

https://www.thejakartapost.com/news/2020/04/02/saudi-arabia-seeks-urgent-opec-meeting-to-stabilize-oil-market.html

Saudi is going all out to bankrupt US shale producers. Interesting how US shale would response!

One thing for sure if the price continue to be this low, it will surely impact Aramco share price to be low. Hence Saudi would surely feel uncomfortable with this price. Same and Russia. U tell!!!

OPEC and OPEC + will be suffering if the prolong the price war. Decision is on their hand. Expert is not seeing this price war to prolong.

QR out this Friday with max rig utilization, will expect a goot set of numbers.

Do expect to have another green WTE bring the FY19 green. 2022/21 will be good with all rigs being charter out 100%.

guys too early to tell on ICON future price. Most important is the business fundamental need to be strong in order for the share price to improve.

Why sell? Smaller share will mean more control by key investors. Which investor not looking for higher returns. Hold!

This counter is worth betting knowing they have a strong parent company. Hoot Ah!

Aramco listing will have a significant influence on future oil price.

Most investor is worried about Q3 Earning result... don’t worry. This are all short terms concern. Long term investor like me will continue to buy more as I’m confident KNM long term fundamental. Huat ah!

Share price movement would depend on the EGM outcome.

More good news for O&G

https://www.thestar.com.my/business/business-news/2019/11/06/petronas-bank-muamalat-to-work-together-to-provide-financing-to-vendors Petronas, Bank Muamalat to work together to provide financing to vendors

KNM have more potential to come Borsig/WTE/O&G ....... buckle up for the rocket ride!

Hangseng, if you visited IGEM19 last week at KLCC, you’ll have a chance to meet up with Cypark team to further understand on their solar and WTE project opportunity. The delay in their NS project was due to landfill issues which caused the bottleneck. Cypark team have only praises for Borsig supporting their WTE project in Malaysia going forward. Newly sign MOU between Cypark:PetChem will provide significant upside for KNM

The current price of 0.42sen already reflect the high point-Target Price from most research house. Would we be expecting a upward TP revision for BA ,since the last source date was back in Sept.

KNM last breakout was 1.5 month after Q1 Qtr Announcement.This week marks 1.5 month after Q2 Qtr Announcement. We saw a breakout yesterday. Is this a trend, if yes, we will witness more breakout coming weeks leading to Q3 Qtr Announcement. Most will agree that KNM current price is grossly understated.

James Ng you are just stating the obvious on KNM. You have been giving negative OL on this stock but yet others are giving positive OL with their Turn around plan. It’s obvious they are able to maintain their top line and delivery positive bottom line for last 2 qtrs. They continue to win tenders along the way. I’m suspecting that your reading on stock market is not solid enuf. Hence wonder you care to add your comments on this counter? Probably is better to keep it for own self analysis. Take care

Sardin81 KNM power incoming.

TRADING IDEA: CORRECTION PERCEIVED AS COMPLETED, VELESTO READY TO EMBARK NEW UPWARD WAVE - ACCUMULATE!
Velesto Energy Berhad provides services to the oil and gas industry. The Company offers drilling operations, pipe manufacturing, and oilfield services.
Technical view on VELESTO:
1. Current price action suggested that VELESTO has completed its correction phase when it hit the lowest point at RM0.165 and recovered to trade above its weekly EMA200w. Volumes appeared to be steady with price encouragingly testing the immediate resistance around RM0.34. A break above RM0.34 likely to spark fresh buying interests with a new upward wave which targeted the price to surge to RM0.45;
2. The weekly MACD is already drifting in the bullish territory while the RSI and Stochastic are gaining in upward momentum indicating bullish near term outlook;
3. Medium term target price is anticipated to be around RM0.45 while support seems firm between RM0.25-0.29 level - Accumulate!
Stocks are selected based on technical analysis. Investors are advised to study the underlying fundamentals of each stock to assess and match risks appetite. Stocks listed below are categorized as potentially high risks and may increase in volatility in the near term.

Cypark waste to energy (WTE) plant at Ladang Tanah Merah (LTM), Negeri Sembilan is expected to be operational by year end. Utilizing KNM Borsig engineering technology. KNM will play a critical role in the newly signed MOU to build WTE between Cypark & Petronas Chemical (PetChem).


https://themalaysianreserve.com/2019/10/11/cypark-and-petchem-sign-mou-to-develop-waste-to-energy-projects/

Velesto will need to show few more qtr of black ink before seeing more upward trend. But the upward trend won’t be significant due to the large number of share in the market.

If bursa allow this to resume trading. It’s only one way....which is UP!

Loaded at 0.004 cent. Picture!!!

Sardin81 has a valid point. Managing Debt of more then >10B will be BA biggest challenge.

Check your facts Sales..... All oil stock gone up!!!

Clear sign that the oil and gas is improving and Petronas is lending a help to Icon. Will it be sustainable with the kind of uncertainty in the market space going beyond 2020

Look like heading to 0.03!

Agree. More damage if he keep the video. Need to do more homework.