Tan Sri Mokhzani Mahathir, the vice chairman of SapuraKencana Petroleum Bhd ( Financial Dashboard) vice chairman, has bought an additional two million shares, taking advantage of the sharp fall on the company’s share price.

Mokhzani, who has earlier trimmed his stake in the oil & gas group, bought back some shares today, through his private investment vehicle Kencana Capital Sdn Bhd. With the latest share purchase, Mokhzani’s shareholding increased to 607 million or 10.13%, while his direct interest stood at 9.49 million shares or 0.16%.

It is learnt that Mokhzani intends to continue accumulating shares, given the attractive valuation after the recent meltdown on most O&G stocks.

His move to raise stake in SapuraKencana is as surprised as when he sold part of his stake and relinquished his executive role in the group in February. The share purchase has made some quarters puzzled, as Mokhzani’s share sale earlier, has reinforced the belief he would concentrate his investment in Yinson Holdings Bhd (Financial Dashboard).

Look like a lot of corporate movement in K1.. Good or Bad sign ...hmmm

Foolhardycum155iq, decided to take profit due to uncertainty of the market. If the big wave come, I will having more bullets... To fight!

Disposed more than half at RM1.85~1.86 to take profit due to present market condition.

Acumulated few lot at rm2.45 to average the loss

Beckham89, I am the one who is holding the stock at RM4.00+

Then this is definitely a good opportunity to accumulate as comply to syariah is much most costly with you have followed the news from SKP.

For the main reason from this 2 days downturn is removed from syariah complIED list. This is same with Puncak.

Continue accumulated few lots due to very attractive price.

With Tabung Haji continue accumulate this counter, continue hold until at least rm1.90

Q result is good, compared with previous Q, revenue up>8%, net profit up>18%, eps up> 15%

The Q result was quite good but not understand why the share price dropped 8 cents.

This q result is crucial and I think MRCB is on the right track... keep accumulate during low.

All matched at RM0.82
May God bless me.

Good luck Bolt!
Anyway, so far i don't receive any market news about K1 ; and in general, K1 is more on capital growth and almost no divedend. So, it is no my piece of cake base on present market condition.

Surprise to see K1 is under "Trending Now- Hot Stock Today " in i3Investor?
but no regret to dispose K1 few months ago.

RM534.3m to be distributed to shareholders. It is equivalent to RM1.00 per share!
Hopefully, my long wait (1 year + )fruit can harvest soon! Cheer!

Good, all matched at RM0.95 for few lots

Accumulated further at rm0.98 to average my cost. I believe it is a good time to accumulate at low and expect good return within 1~2 years.

Hope can reach at least rm3.80 so that to get good bonus!

For me, it is a good time to accumulate slowly as the downside is limited.

Finally all the rated tp is above rm2, i expect more positive price movement for near future.

It is high chance to hit rm1.80, next target is rm2.00 within these 3 mth when next Q result is out.

Start to accumulate pharmaceutical stock for market uncertainty. This is the 2nd stock besides Pharma. Just able to get at rm2.94 , it is a good proxy to ccm with TH accumulated and became a significant share holder. The dy is very attactive for this counter.

As the supply of the material for the property market is still strong (compensate by br1m housing scheme), so relook to the counter that can sustain the growth even the market is down. Accumulated few lots at rm1.12 today. At present price, it dy is still attactive and ther is still a room the the price as well.

Another court case ??

Yes, jolie2. It is no problem for you to call me foolish if I can get good profit without losing my principles.
I still believe Unisem will touch at least rm1.80 this Q.

I don't think so else why US put a lot of money and resources in Middle East?
To harvest an oil, it takes many years develop and build before to produce an oil.

As the reit started to move from Sunreit then IGBReit, today just accumulated some lots at rm1.42 this morning. Due to market is still unstable, CMMT is quite a good consideration as it provides at least 5%++ and present price is on average level.

Great! Hope it will getting better & better...

Is it a good time to buy O&G stocks?

KUALA LUMPUR: The recent fall in crude oil price that has sparked fears in the oil and gas (O&G) sector and caused a major selldown in most O&G counters here since early this month, begs the question: Is now a good time to buy O&G stocks?

CIMB Research advised its clients “with a long-term investment horizon to take advantage of the recent share price correction to accumulate” in a note on Tuesday.

It said O&G companies are sticking to their growth plans and eyeing opportunities for mergers and acquisitions as the sluggish market has “thrown up attractive valuations”.

Alam Maritim Resources Bhd ( Financial Dashboard), which provides marine services to the offshore O&G industry, concurred.

“We have not seen valuations at this level over the past two to three years,” chief financial officer Soffan Affendi Aminudin told The Edge Financial Daily.

He said the recent selldown was “a temporary correction as most O&G companies are fundamentally intact” and there remains strong earnings visibility in most O&G service providers.

AmResearch, however, downgraded its sector view from “overweight” to “neutral” in a report last week, and attributed its move to — among others — the slow rollout of new O&G orders for Malaysian players, which were at RM711 million in the third quarter of 2014 (3Q14) from RM8 billion in the previous quarter.

But Soffan said slower project roll-outs in the award of new tenders in 3Q14 are not a concern as the 3Q14 figures are “fair”, compared to the previous all-time high of RM17.5 billion in O&G contracts awarded by Petroliam Nasional Bhd (Petronas) in 2Q13.

“[The industry] has been seeing many downstream jobs in 2014, plus a few upstream contracts from early 2012, which have not been called out by Petronas yet. These jobs have yet to be done and are only due to expire in 2016,” he said, referring to a backlog of contracts awarded in 2012 and 2013 that are due to be rolled out in the next three years.

UMW Oil and Gas Bhd (UMW-OG) chief executive Rohaizad Darus echoed Soffan’s view that now is a good time to buy, and that he is “not overly worried” about the recent selldown in O&G shares.

“My rigs are still getting jobs at good rates and we are booking good profit so I don’t believe I need to overly worry about the share price slump. And since we have gone down so much, people may want to take the opportunity to buy,” he said, noting that analysts have also remained largely positive on UMW-OG, with CIMB Research giving it a target price of RM5.11. The counter closed on Tuesday at RM3.48, with a market capitalisation of RM7.52 billion.

Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) ( Financial Dashboard), in an email reply, said the sharp decline in O&G stocks was more reflective of investor sentiment towards the sector than “any company specific issue” and that “as long as the global population requires energy, there will be demand for the O&G industry’s value chain of services that MHB can provide”.

An analyst, who covers the O&G sector, concurred that the recent O&G selldown was largely due to the perception of falling crude oil prices.

As at Tuesday, Brent crude oil spot price was at US$85.74 (RM279.51) per barrel, down 25.48% from US$115.06 in mid-June.

“If you were to look at the dynamics of O&G players in Malaysia, they are all service providers which do not directly derive their revenue from the sale of oil,” said the analyst, contrasting this with large O&G exploration companies like Royal Dutch Shell plc ( Financial Dashboard) and BP plc.

“Oil companies will still be incentivised to produce oil and hence the need for the services of O&G service providers — as long as the former’s cost or breakeven price is not breached,” he said.“

石油供應未過剩 渣打：明年首季可企穩105
　（紐約22日訊）國際油價近來劇烈波動，因市場普遍認為，石油供應過剩引發價格戰，但渣打銀行（Standard Chartered Bank）卻認為，石油供應目前並未呈現供應過剩，預期明年國際油價每桶可企穩在105美元（約342令吉）。

　自國際能源機構（IEA）上週二（14日）下調全球石油需求預估，引發國際油價動盪，一度跌至2008年9月以來的6年新低水平，在81美元（約264令吉）水平線下波動，更有多家銀行下調油價預估。

　不過任職渣打銀行原產品分析師的霍斯內爾（Paul Horsnell）相信，石油輸出國組織（OPEC）每日將不得不減產約100萬桶石油，避免明年首季全球原油庫存上漲。

　“目前石油井口價還不到每桶80美元（約261令吉），威脅部分採油項目，美國原油供應緊張可能給油價托底。”

　霍斯內爾早前發佈的一篇研究報告說，目前的媒體對油市報導的主流看法認為，在供應過剩之際，一場價格戰正在進行。

　“我們不認同這種論據。根據我們及其他機構對供需的計算，眼下石油供應並無面對過剩衝擊。”

LRT Line 3...
　莫哈末努依斯邁指出，輕快鐵第3路線工程將從目前仍動工中的萬達鎮捷運站開始，並經過麗陽城（Tropicana），之后會轉入莎阿南格林瑪麗重工業區（HICOM-Glenmarie），再前往莎阿南地區。

Me too but still quite confident that SKPetro as most O&G profit just to contribute by 2016 (not 2014 or 2015)

Great to see Alam went up. I still hold major portion of my portfolio on O&G (Skpetro & Alam) and continue accumulate some at low. I still believe it will perform within 1~2 years. God Bless!

Missed the chance to accumulate further at price below rm1.45
I still much confident on this counter.

Accumulated some lots at rm0.695 at 4pm. I hope this is good timing after disposed all about 2 weeks ago.

SapuraKencana Petroleum Bhd’s valuations are now attractive with the recent selldown of its shares, said DBS Group Research.

“With the recent selldown, SapuraKencana’s valuations are attractive at 14 times financial year 2015 and 13 times financial year 2016, as the stock has been trading comfortably past 20 times price earnings (PE) previously.”

DBS Research also said at the current price, most of the value accretion from the group’s Newfield acquisition has been wiped out, which is unjustified as it has been producing assets, with potential for more via new gas discoveries.

“Based on our view that weaker crude prices are here to stay, we are lowering our PE valuation target to 20 times from 22 times previously,” it said in a report yesterday.

DBS Research has maintained its “buy” call on SapuraKencana, with a slightly lower target price of RM5.40.

The firm, however, has trimmed SapuraKencana’s earnings forecast for financial years 2015 to 2017 (FY15-17) on the back of lower crude oil price assumptions.

“Following our downgrade of Brent crude oil price assumption to US$95 per barrel from US$106 per barrel previously, SapuraKencana’s FY15-17 forecast earnings are trimmed by only four to five per cent. The group’s earnings are largely insulated from the recent weakness in crude oil prices.”

The firm said SapuraKencana’s earnings are largely intact as these are backed by its solid order book, largely made up of long-term contracts, including pipe lay support vessel charters from Petrobras.
http://www.nst.com.my/node/44764

My target at least more than rm1.80 within this year unless overall market is down.

券商 ：豐隆投銀研究
合理價：1.65令吉

雖然友尼森（UNISEM，5005，主要板科技）股價近期稍微反彈，但因看好該股具有25%的潛在上漲空間，以及相對便宜的估值，維持“買入”投資評級。

　我們在10月17日的報告中，將該股的投資評級從“守持”，調高至“買入”，並將目標價格保持在1.65令吉，這相等于25%潛在

Today closing is great! finally my portfolio is almost close to positive based on Unisem performance but unfortunately Alam is still weak. Anyway, much to learn from recent market down although it is not ending yet.

With Dow up more than 240, monday is definitely up.

Even the price is attactive but the market sentiment is bad. So, each time just buy few lots (for me is 2~3 lots) to reduce the impact if the price is further down. Will accumulate futher is drop at least another 5%.

if down to RM3.5 then will start to accumulate to lower my average cost

All matched... will keep accumulate when down further for 2~3 cents

Q at RM1.58 to accumulate at low.

Disposed few lots at rm3.35 to take some profit and reduce risk. use this to accumulate those counter with better opportunity.

Any price down for 5 cents will accumulate few lots to average down the cost. Last Friday, finally my portfolio was turned to negative (loss), 9 months gain and now all gave back to Bursa. At Present, total is about -2% loss. Main "contribution" mainly from O&G. Great time to test my patient and confident !

Sorry jolie2, i just accumulated few lots at RM1.38
For me, it is a positive sign if CEO of the company kept accumulated the share. Present capacity of Unisem is at peak at least until the end of the year (now production is 24hrs x 7 days even the holiday).
I just hope Unisem is not so stingy with it dividend (hopefully by coming Q)

Disposed few lots at RM4.59 to have more fund for better opportunity

Disposed all my AZRB these few days at average of RM0.72 and take opportunity to accumulate some counters really dropped attactive price. Note: AZRB is still my favourite stock but to gain 10% from AZRB is harder compare with other counter.