Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

Ismail Sabri: No more quarantine for Malaysian oil rig workers, requirement stands for foreigners

Published on 25 Aug 2020

https://www.thestartv.com/v/ismail-sabri-no-more-quarantine-for-malaysian-oil-rig-workers-requirement-stands-for-foreigners

Malaysians oil and gas workers are no longer required to undergo mandatory quarantine when signing on or off from offshore platforms, says Datuk Seri Ismail Sabri Yaakob.

He added that Malaysians only need to take swab tests before they sign-on to the platforms and do not need to be quarantined.

SC - I HOPE YOUR HEAR THIS...

This country will go down the drain when you allow such management to go unscathed...enough of the corrupt politicians najib, daim, tun etc...

SC should make this a lesson for future companies who wants to list in bursa and make fake revenues...

comments & sharing of opinion still matters for scib and kpower shareholders

Posted by Depeche > Oct 23, 2021 2:11 PM | Report Abuse

At this juncture, no need to debate anymore and just wait for the judgement...if SIR confirms KPMG's findings. all SD holders are screwed. including local and foreign institutions...all sink with the titanic into the deep blue sea... that will be international headlines... major shareholders may file suit against SD mgt for misrepresentation leading to their losses...Dat Karim will be blacklisted in the biz community... nobody is going to trust him anymore... banks will shun him... all INEDS would have tendered resignation by now since they have been receiving bi-weekly updates from E&Y... bosses don't concern how much their warrants are priced... but their market cap....so selling WA to buy mother shares makes sense.
Last but not least, we have reached the stage when no amount of promoting(by supporters) nor overkilling (by naysayers) will affect the outcome.
If SD falls, it will be a very painful experience for holders.
If SD sails through the storm, naysayers should just be graceful enough to congratulate the holders.

Buy Dayang! You cant be wrong...

Posted by probability > Oct 23, 2021 1:54 PM | Report Abuse X

there are so many other O&G stock that had already dropped 1/3 of its previous norm without any of the issues being faced by SD...e.g Dayang

why spent time risking on this rubbish stock with corrupt management?

just see the free cash flow

whatever the revelation on Monday or Tuesday...just dump SD and all of its sister company SCIB and KPOWER...


move to REAL O&G companies...not fake shell companies

there are so many other O&G stock that had already dropped 1/3 of its previous norm without any of the issues being faced by SD...e.g Dayang

why spent time risking on this rubbish stock with corrupt management?

just see the free cash flow

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

Oil services company - Schlumberger beats 3Q profit estimates as oilfield activity recovers

https://www.theedgemarkets.com/article/schlumberger-beats-3q-profit-estimates-oilfield-activity-recovers

"The industry macro fundamentals have visibly strengthened this year, particularly in recent weeks — with demand recovery, oil and gas commodity prices at recent highs, low inventory levels, and encouraging trends in pandemic containment efforts," Schlumberger chief executive officer Olivier Le Peuch said in a statement, adding he expects those conditions to materially drive investment over the coming years.

any steel player who can convert iron ore to steel will be minting money...they will be leveraged by the EAF steel makers who need to use scrap metal as their raw material

scrap iron price had risen significantly this month - refer MITI bulletin, as such finished steel products will be supported by multiple factors..

this means Blast Furnace players like Hiap Teck and Annjoo who rely on iron ore instead of scrap metal will have a long term edge with low iron ore price...

people will be surprised by their consistent high profit margin going forward qtr after qtr...

Posted by BlessedInvestor > Oct 23, 2021 10:01 AM | Report Abuse

coal price dropped by 30% within a week and iron ore dropped by about 8-10%, whereas steel rebar price also dropped by about 10%-15%, do you think is a bad news?

Making of steel required about 50% of coal and 50% of iron ore, this means cost are down also, steel makers are still enjoying very good profit margin...

market is 6 months fwd looking....its anytime now fund will switch to O&G maintenance players

PP @ 1.37

cant go wrong here

https://www.theedgemarkets.com/article/analysts-cut-supermax-earnings-forecasts-after-us-customs-ban-glove-products

“We have cut our earnings forecasts for Supermax for FY22 (the financial year ending June 30, 2022) to FY24 by 22% to 54% as we believe that it would take at least a year for Supermax to resolve the issue with the CBP and given the likely pressure on its average selling prices (ASPs) due to its significant exposure to the US market,” said Affin Hwang Investment Bank in a note.

As a result, it cut its target price (TP) for Supermax to RM1.70 based on an unchanged 5.5 times 2022 price-earnings ratio (PER), and downgraded the stock to "sell" from "hold".

sifu...what happened,,,kindly enlighten

Posted by striker888 > Oct 14, 2021 10:09 AM | Report Abuse

Probability, what the hell are you smoking? Apparently you have no idea what you are talking about, lol

China basically killed their steel industry.....BF steel makers by strict pollution control and EAF players with higher electricity cost

This is long term good news for our local steel players

What does China’s power policy shift mean for metal makers, other energy hogs?

Wednesday, 13 Oct 2021

https://www.malaymail.com/news/money/2021/10/13/what-does-chinas-power-policy-shift-mean-for-metal-makers-other-energy-hogs/2013129

Going forward, as generators pass on some rising costs to consumers and raise power supplies, power-hungry industries such as steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs as previous fixed-cost arrangements are replaced by market-based pricing.

How will output of key metals be affected by this?

Analysts say China’s world-leading steel industry may be forced to cut output from electric arc furnaces (EAF), which account for roughly 15 per cent of China’s total steelmaking capacity.

Electric furnaces run on electricity and so emit fewer emissions than traditional blast furnaces, but have high power needs.

“The broad story is that there will be an increase in steelmaking costs, more so for EAF. This could amount to around 4.5 per cent of current rebar prices, which are currently at (5,860 yuan per tonne),” according to Li Wang, senior steel analyst at consulting firm CRU.

China is also restricting traditional steel output through mid-March next year to reduce smog, which may further underpin steel prices.

China basically killed their steel industry.....BF steel makers by strict pollution control and EAF players with higher electricity cost

This is long term good news for local steel players

The above is jackpot news for Blast furnace (BF) steel producers - for those who understand

The above is jackpot news for Blast furnace (BF) steel producers - for those who understand

What does China’s power policy shift mean for metal makers, other energy hogs?

Wednesday, 13 Oct 2021

https://www.malaymail.com/news/money/2021/10/13/what-does-chinas-power-policy-shift-mean-for-metal-makers-other-energy-hogs/2013129

Going forward, as generators pass on some rising costs to consumers and raise power supplies, power-hungry industries such as steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs as previous fixed-cost arrangements are replaced by market-based pricing.

How will output of key metals be affected by this?

Analysts say China’s world-leading steel industry may be forced to cut output from electric arc furnaces (EAF), which account for roughly 15 per cent of China’s total steelmaking capacity.

Electric furnaces run on electricity and so emit fewer emissions than traditional blast furnaces, but have high power needs.

“The broad story is that there will be an increase in steelmaking costs, more so for EAF. This could amount to around 4.5 per cent of current rebar prices, which are currently at (5,860 yuan per tonne),” according to Li Wang, senior steel analyst at consulting firm CRU.

China is also restricting traditional steel output through mid-March next year to reduce smog, which may further underpin steel prices.

What does China’s power policy shift mean for metal makers, other energy hogs?

Wednesday, 13 Oct 2021

https://www.malaymail.com/news/money/2021/10/13/what-does-chinas-power-policy-shift-mean-for-metal-makers-other-energy-hogs/2013129

Going forward, as generators pass on some rising costs to consumers and raise power supplies, power-hungry industries such as steel, aluminium, cement and chemical producers are expected to face higher and more volatile power costs as previous fixed-cost arrangements are replaced by market-based pricing.

How will output of key metals be affected by this?

Analysts say China’s world-leading steel industry may be forced to cut output from electric arc furnaces (EAF), which account for roughly 15 per cent of China’s total steelmaking capacity.

Electric furnaces run on electricity and so emit fewer emissions than traditional blast furnaces, but have high power needs.

“The broad story is that there will be an increase in steelmaking costs, more so for EAF. This could amount to around 4.5 per cent of current rebar prices, which are currently at (5,860 yuan per tonne),” according to Li Wang, senior steel analyst at consulting firm CRU.

China is also restricting traditional steel output through mid-March next year to reduce smog, which may further underpin steel prices.

rebar price shoot up again last week...

http://www.sunsirs.com/uk/prodetail-927.html

even Genting can go up before movement restrictions are removed...why not Dayang which will be profitable for certain & almost net cash??

if you are very concern on whether money can come out like Jaks situation due to chinaman involvement, suggest to go for Annjoo

at such lucrative oil price, it would be prudent for Petronas to intensify its maintenance activity to keep its equipment in tip top condition...

@ular, i rather say 'reverting to mean' than 'uptrend due to momentary supply - demand gap'....just that our steel industry never had the chance to revert to mean all this while due to big bully China

hope the bully is gone for good

Sifu ular, you calculate the margin at the estimated level and see

in the long run, i expect the Blast Furnace (BF) players margin to come down minimum to a level of 24%....

its simple because they are protected by the high scrap steel price EAF players need to use while they can enjoy cheap iron ore...

its not easy to build a BF plant just like gloves plants were made by competitors and China can be ruled out as they wont invest on such plants anymore due to regulatory requirements

as such supply side there is protective barriers unlike for gloves

on the steel demand side, it can only rise as the world economy opens after the pandemic... unlike gloves demand which was only temporarily boosted by the pandemic phase....

at 24% margin, earnings is simply fantastic (for Annjoo and Hiaptek)...anything more is a bonus especially if given dividend...


Posted by UlarSawa > Oct 9, 2021 10:49 AM | Report Abuse

Thank you Mr Businessman sharing your business sense on steel business. Ular appreciate your sharing very much. Let Ular digest what your sharing. HiapTek income mainly from EasternSteel kah. Potentially earning rm455mil 28sen next year alone is alot leh. After next year berapa can earn any estimation given. Same earning as you predicted. As you know lah. Analists very good one nowaday predict 3 to 4 yrs in advance one like Gloves companies leh. Is your calculation meant for 2022 only and 2023 dunno yet right. That mean HiapTek is for short term 1 year play only kah. By hook or by crook need to run in 2022 kah. Correct?

Ular ada question about the Chinaman own 3/5 of EasternSteel. HiapTek only 1/3 right. EasternSteel still Chinaman Company right. Do you think investors skeptical about Chinaman run company. You know what ular talking about right. A lot of ppl talking about Chinaman run company in bursa with investors got 9 out 10 got bad experienced one. Thats why the price so cheap based on what your sharing on future steel potential is so great but still cannot go up. Possible is bcos Eastern Steel is Chinaman Company. Correct?

dragonslayer is UlarSawa? Its nice to have him in the forum...he asks reasonable question le...

DAYANG ENTERPRISE HOLDINGS BHD 14TH ANNUAL GENERAL MEETING – 22 JUNE 2020

http://dayang.listedcompany.com/misc/Annexure_A_(14th_AGM).pdf

(d) When does the Company plan to start this venture and what is the expected CAPEX?

Dayang is currently evaluating potential partners who have expertise and solid track record in Decommissioning and Modular Structural works. These ventures are targeted to begin in Q1 of 2021 with estimated CAPEX requirement of RM30 million.

..................

Decommissioning will intensify in the future for Petronas...

@Mrbusiness, thanks for the truly valuable information shared

yeah coal prices also already signs of decline, if my intuition is right, it will continue declining rapidly soon

fat margins await upstream players with Blast furnace

WOW 70% utilisation rate?

From below extract of Qtr 4 end Dec 31 - 2019, and the PAT reported for 2019, we can see that 70% utilisation can easily deliver about 60 m PAT per qtr

B3. Prospects
...........

Financial year 2019 has indeed turned out to be a great success as we achieved the best ever annual profits in the long history of Dayang. In spite of the external uncertainties and multiple headwinds from all directions, we have grown from strength to strength to hit the significant milestone, registering a massive 44% growth for our 2019 profits after a stellar performance in 2018. The strong growth momentum has been envisaged as we maintained and carefully executed our business plan throughout the year.

This remarkable achievement comes on the back of the robust work orders for the Maintenance, Construction and Modifications Contract (MCM) and Topside Maintenance Services works under the Pan Hook-up and Commissioning Contract (Pan HUC). Consequently, vessel utilisation also came in stronger at 70% for 2019, as compared to 64% in 2018.

https://klse.i3investor.com/blogs/PublicInvest/2021-09-27-story-h1571736538-Dayang_Enterprise_Holdings_Better_Year_Ahead.jsp

Caution on further impairment. Recent results saw an impairment loss amounting to RM27.9m (RM29m owing to Perdana). Given the current operating climate and uncertainty in project execution, management cautions on further impairments in the coming quarters though with potential write-backs at the end of the reporting period. The Group has adopted value-in-use estimations which entail discounting the estimated future cash flows of assets, taking into account the current vessels’ utilisation and charter rates. Based on orders in hand, management guided that utilisation rates for 3Q and 4Q will be c. 70% on average.


Better year ahead. We understand that Dayang has achieved 100% vaccination rate for its workers. Hence, the on-going discussion involving Petronas, Health Ministry, and state government of Sarawak with regards to the movement restrictions (relaxation on quarantine period) is expected to bear positive outcomes in the near term. Therefore, FY22F earnings are anticipated to be robust, supported by healthy orderbook of RM2.3bn and improved profit margins. The increase in the availability of work orders will continue with higher capex spending by oil majors. We note that Petronas’ 2QFY21 capex was disappointing mainly due to project delays caused by movement restriction.

......................

WOW!...

"Based on orders in hand, management guided that utilisation rates for 3Q and 4Q will be c. 70% on average."

suggest u all dispose lctitan before results and buy annjoo

both at same price now

lets see what both these stocks price are at the end of month

https://www.klsescreener.com/v2/news/view/891655

https://www.klsescreener.com/v2/news/view/891655

at such high oil price LC Titan will be making loss....can't see any justification for the price rise

Only justifications for such mismatch in valuation is:

i) either Dialog consistently able to have 10 x times higher margin than Dayang or,

ii) Dialog's stable revenue generation business can grow 10 times the rate of Dayang business growth...


i doubt any of the above justifications is valid

Only justifications for such mismatch in valuation is:

i) either Dialog consistently able to have 10 x times higher margin than Dayang or,

ii) Dialog's stable revenue generation business can grow 10 times the rate of Dayang business growth...


i doubt any of the above justifications is valid

in other words Dayang can contribute 10 times revenue of Dialog for the same price you pay for both....

For every 1% PAT of Dayang , Dialog has to obtain 10% PAT margin for same valuation (PE valuation)....further Dayang is almost net cash now

DAYANG next qtr earnings definitely better than DIALOG... it will be consistently beating dialog from then on..

Dialog's price to revenue per share is 10 times higher than Dayang (at 70% utilization)...

there is every reason for EPS of Dayang to beat Dialog consistently

in other words Dayang can contribute 10 times revenue of Dialog for the same price you pay for both....

For every 1% PAT of Dayang , Dialog has to obtain 10% PAT margin for same valuation (PE valuation)....further Dayang is almost net cash now

DAYANG next qtr earnings definitely better than DIALOG... it will be consistently beating dialog from then on..

Dialog's price to revenue per share is 10 times higher than Dayang (at 70% utilization)...

there is every reason for EPS of Dayang to beat Dialog consistently

i can only imagine pent up maintenance demand when all petronas operation restarts...

further its about time for decommissioning of rigs

future is bright for dayang services