ENERGY
Oil rises in volatile session as traders eye OPEC cuts

ENERGY
Oil rises in volatile session as traders eye OPEC cuts

Seem like Might close highest by today

Toward 1.00 first

it's coming up...

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:25:03 AM BST
38.45
+0.13 (+0.34%)

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:25:03 AM BST
38.45
+0.13 (+0.34%)

Alliance DBS Research positive on construction sector
TheEdge Mon, Jun 01, 2020 10:03pm - 10 hours ago


KUALA LUMPUR (June 1): Alliance DBS Research has remained positive on the country’s construction sector after both the Malaysian and Singaporean governments agreed to resume discussions on the Kuala Lumpur-Singapore High-Speed Rail (HSR) project soon.

The research house said the discussions would include some of Malaysia’s proposed changes to the commercial and technical aspects of the project.

“We think part of the proposed changes will possibly entails lowering the cost of the project, studying financing solutions, as well as assessing the impact of the Covid-19 pandemic on business travel and the airline industry,” it said.

Alliance DBS Research said to facilitate this, both sides have agreed to extend the deferment of the project from May 31 to Dec 31, which would be the final extension granted for the project.

“We are unsure if there will be further penalty imposed on Malaysia for the latest deferment. It has paid SG$15 million (SG$1=RM3.07) for the first deadline extension until May 31.

“If the project is completely cancelled, a hefty penalty is likely to be imposed on Malaysia,” it said.

It said there is political will from both governments to continue with the project to stimulate the economies of both nations.

The research house said according to a study by the Japan Institute of Developing Economies, the project is forecast to create annual economic benefits worth US$1.59 billion (US$1=RM4.34) for Malaysia and US$641 million for Singapore by 2030.

“In our view, the project’s structure entailing a holistic end-to-end financing, or some form of public and private financing initiative, will be key,” it said.

Alliance DBS Research said contractors with balance sheet strength such as Gamuda Bhd, IJM Corporation Bhd, YTL Corporation Bhd and Sunway Construction Group Bhd should be front runners.

It added that other more direct potential beneficiaries are HSS Engineers Bhd which would likely land a consultancy role and Econpile Holdings Bhd which is one of the more reliable local piling contractors.

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:56:56 PM BST
38.12
+0.28 (+0.74%)
1D5D1M6MYTD1YALL

ICE Brent Crude (Aug'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:56:56 PM BST
38.12
+0.28 (+0.74%)
1D5D1M6MYTD1YALL

Armada up to 0.23 cents

Its might unchanged later.

hold tight tight & it's might go to above 0.70 cents again.

Might be you can choose to entry by end of the year but possibility to enter @ highest price..price range might be RM1,RM2 or RM3.00++..only my estimation ya!

Price might go up to few ringgit if deal done by end of the year...News & detail might be leaked slowly slowly from now,wait & see.

Hold tight tight until it's on fact.Buy on rumours and sell on fact!

Sure aiaili ，praying...

Beyond to 31 May 2020, might be June '20?

https://www.theedgemarkets.com/article/cimb-hlb-hlfg-rhb-bank-affin-bank-carlsberg-guan-chong-ppb-group-hap-seng-ta-ann-bumi-armada

Bumi Armada Bhd reported a net loss of RM223.97 million for 1QFY20 against a net profit of RM62.21 million last year, as it recognised non-cash impairments of RM314.4 million following the oil-price crash in the quarter that pushed Brent to 30-year lows. Quarterly revenue, however, increased 12.4% to RM552.62 million from RM49
30/05/2020 10:55 AM

OIL
Oil jumps nearly 90% in May to $35, registering best month on record
PUBLISHED FRI, MAY 29 20207:38 AM EDTUPDATED FRI, MAY 29 20203:14 PM EDT

OIL
Oil jumps nearly 90% in May to $35, registering best month on record
PUBLISHED FRI, MAY 29 20207:38 AM EDTUPDATED FRI, MAY 29 20203:14 PM EDT

Towards above US 40 per barrel

OIL
Oil jumps nearly 90% in May to $35, registering best month on record
PUBLISHED FRI, MAY 29 20207:38 AM EDTUPDATED FRI, MAY 29 20203:14 PM EDT

WTI Crude (Jul'20)
@CL.1:New York Mercantile Exchange
*Data is delayed | USD
Last | 6:35:16 PM EDT
35.32
+1.61 (+4.78%)

WTI Crude (Jul'20)
@CL.1:New York Mercantile Exchange
*Data is delayed | USD
Last | 6:35:16 PM EDT
35.32
+1.61 (+4.78%)

Price of Armada Steady at range 0.21 -0.225 after QR report released.

QR out by today lunch time,Armada Still at 0.21 cents drop half cents only.

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 5:12:00 PM BST
35.29
+0.55 (+1.58%)

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 5:12:00 PM BST
35.29
+0.55 (+1.58%)

WTI Crude (Jul'20)
@CL.1:New York Mercantile Exchange
*Data is delayed | USD
Last | 4:01:15 AM EDT
34.34
+1.09 (+3.28%)
1D

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 5:39:53 PM BST
35.90
+0.77 (+2.19%)

Asia88 ,Agreed with you

Heading to 0.24 first before 0.30

Buy before it's become fact

Thanks for sharing ya

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 2:34:59 PM BST
34.86
-1.2 (-3.33%)

Brent oil rebounce back from the USD33

Price droping without much volume.Interesting....

sure?

collect first & keep

Price will rally back If report out is good

Yup, 0.18 good buy

Swipe out all the contra trader and those trader bought higher at 0.21-0.23..

TP 0.24

good news for oil counter & continuously goreng..

Sapu......

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 1:00:00 AM BST
36.06
UNCH (0)

SuperPanda even next qtr not good, still can buy for long term and profit from uptrend in oil price

i predict oil will touch 40usd next month (i was right when predict oil touch 30usd month ago)
21/05/2020 2:24 PM

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 3:05:59 PM BST
36.80
+1.05 (+2.94%)
1D5D1M6MYTD1YALL

ICE Brent Crude (Jul'20)
@LCO.1:Intercontinental Exchange Europe
*Data is delayed | USD
Last | 2:58:59 PM BST
36.74
+0.99 (+2.77%)
1D

ICE Brent Crude (Jul'20) (@LCO.1:Intercontinental Exchange Europe)
Export chart+ WATCHLIST
*Data is delayed | USD
Last | 12:14:01 PM BST Volume
36.49 +0.74 (+2.07%)

Sapulah as much as you can!