http://www.thestar.com.my/Business/Business-News/2014/11/29/Careplus-meets-headwinds-head-on-Rubber-glove-producer-expects-challenging-times-over-medium-term/?style=biz

its already oversold

now average down your price

shit..not averaging down??

how much your buy price muscle?

its gonna drop further .. become another penny stock

with GST will cause lackluster on retail segment...people have less disposable income...all buy online COD avoid tax

its still ontrack to RM1

all these fully rely on govt proj...not sustainable...all speculated..sure down below Rm1

NOW EVERYONE CAN FRYYY

its gonna be the next penny stock for everyone to goreng

GAME OVER for DSONIC

DO NOT CATCH A FALLING KNIFE
http://www.thestar.com.my/Business/Business-News/2014/11/28/Rig-rates-tumble/?style=biz

PETALING JAYA: An oversupply and price war are pushing down drilling rig rates in the oil and gas (O&G) industry around the world, which could impact the earnings of some local players.

Already, one of the biggest casualties of this development is Seadrill Ltd, the world’s largest O&G rig operator. On Wednesday, Seadrill posted a 40% drop for its third-quarter net profits and suspended its dividend payment. The last time it halted the payment was in Nov 2009.

Seadrill major shareholder Jon Frederickesen was reported to have said that the decision to suspend the dividend was taken after considering the significant deterioration in the offshore drilling and financing markets over the past quarter.

A combination of falling oil prices and new supply of rigs coming into the market next year is further exacerbating the situation for rig owners.

Oil prices are down some 30% this year, with Brent and WTI crude trading at about US$78 and US$74 a barrel respectively.

“With about 25% of the global ultra-deepwater fleet available in 2015, certain rig owners seem willing to work at or close to cashflow break-even rates and we expect this type of activity to continue in the short-term,” Seadrill said on Wednesday.

The company posted a diluted earnings per share (EPS) of 31 US cents from 60 US cents a year ago. The consensus estimate from Thomson Reuters called for an EPS of 67 US cents.

Its share price plunged 23% on Wednesday to US$15.99 a share, a new 52-week low.

Rig rates hit their peak at US$650,000 per day in 2013 for top specification deepwater units. Today, rates are below US$400,000 per day and could go lower as players continue to outbid one another in their attempts to maintain market share.

In March this year, Petroliam Nasional Bhd (Petronas) president and chief executive Tan Sri Shamsul Azhar Abbas had warned service providers of falling charter rates for O&G assets.

However, some analyst remained optimistic for Malaysian O&G companies as they felt Petronas was committed to its capital expenditure.

MIDF Investment Research O&G analyst Aaron Tan added that Malaysian O&G players were slightly sheltered as Petronas was still committed to its capital expenditure and was looking to increase oil production from 580,000 barrels a day to 600,000 barrels a day.

“Therefore, the activities must continue. The refurbishments and works will go on,” said Tan.

In Malaysia, rig operators include UMW Oil & Gas Holdings Bhd, SapuraKencana Petroleum Bhd and Perisai Petroleum Bhd. While SapuraKencana owns tender rigs, UMW Oil & Gas and Perisai own jack-up rigs.

Last year, SapuraKencana purchased Seadrill’s tender rig operations for US$2.9bil (RM9.3bil), thus making it the world’s largest operator of tender rigs with a global market share of 51%. Seadrill owns an 8.18% stake in SapuraKencana.

Apart from building up its asset base, the purchase of the Seadrill tender rigs was also to eliminate “conflict of interest” position that had emerged in SapuraKencana following its merger in 2012.

On the global front though, Seadrill said it was not convinced the market would revive in the next 18 to 24 months, with next year likely to be worse than this year and that meant recovery was more likely in 2017.

In an extensive report on the O&G sector, UOBKayHian said SapuraKencana is one of the companies that could be vulnerable, given that “drilling rig charter rates could soften amid overcapacity”.

The report also pointed out that globally, O&G stock prices had collapsed by some 30% to 50% in the last two months on falling oil prices.

Nevertheless, the report was positive on the Asian O&G scene, noting that production was in shallow and midwater areas and that the breakeven cost of production is around the US$30 to US$40 per barrel in terms of Brent oil price.

“Asia’s spending is driven by national oil companies (NOCs) instead of international oil companies (IOCs). NOCs’ goal is to maintain/achieve self-sufficiency while IOCs maximise profits and shareholder returns. Thus, NOCs’ spending is typically more resilient than that of IOCs. As a whole, Asia accounts for 33% of global oil demand but only 9% of production.”

MIDF’s Tan concurred and remained positive on the O&G sector mainly because of Petronas.

“Go for stocks with big orderbooks and long tenures in diversified geographic locations. In SapuraKencana’s case, it has an orderbook of RM26.8bil up to 2020. That’s definitely quite safe,” he said.

UOBKayHian said in its report: “While stock valuations are undemanding, fund managers await a clearer direction in oil prices as they are wary of catching falling knives. Some fund managers concurred that by the time there is clarity, stock prices would have passed their bottom.”

oil price USD68 now

oil price usd 68 now

http://www.marketwatch.com/story/oil-sinks-further-as-opec-meeting-looms-2014-11-27-1103488?link=MW_popular

earning drop significantly

profit drop...not good sign

oil has reached usd69...gluck to those still holding...tomorrow limit down..

from pots and pants they want to venture into oil n gas???...oil dropping below usd ...gonna hit 0.30 soon

oil gonna drop below USD 70 tonite...skpetro tomolo limit down another 15 cents

look at the volume...fly 2 cents sure got...

if not how to trick you to buy...besok 0.30

got..drive up genting all in buy BIG!

affin high dividend now

tipu la you...

Mr Quek can quack at 0.95 oso

1.10 coming..on track

never try to outsmart the market...u will finish faster

now 3.09...later 2.91

yeahh...many will cari makan sini to cover their small cap losses...hold tight..

broken the 0.80 support.....gonee

yup...today opportunity to sell

many are taking todays opportunity to sell before it dips further tomorrow...

oil prices keep dropping together with non syariah compliant that is officially be announced tomorrow...skpetro will break Rm3.00....

coming to Rm1

the worse has yet to come

with market berish like that...dividend higher than fd is the best bet...more will buy in...stay tune

okok...its your call

buying silently

KUALA LUMPUR: Malayan Bank- ing Bhd (Maybank) reported a 7.92% fall in net profit to RM1.61 billion for the third quarter end- ed Dec 31, 2014 (3QFY14) from RM1.75 billion a year ago, on lower operating profit before im- pairment losses.
The lower operating profit was largely due to a net loss incurred by Maybank’s insurance and takaful business, which record- ed a net loss of RM268.6 million for the nine-month cumulative period (9MFY14) compared to a net income of RM76.1 million in 9MFY13.
“The net loss was mainly attrib- utable to higher net benefits and claims incurred, lower net earned premiums and higher tax expense of RM218.8 million, RM156.1 million and RM27.8 million, respectively. However, this was mitigated by low- er net fee and commission expens- es of RM57 million,” Maybank told Bursa Malaysia yesterday.
Revenue for 3QFY14 was 7.95% higher at RM8.93 billion, from RM8.28 billion in 3QFY13.
Meanwhile, net profit for the nine months ended Sept 30 (9MFY14) was marginally 0.73% lower at RM4.79 billion from RM4.82 bil- lion a year ago, even though revenue was at RM26.05 billion, 4.28% higher than RM24.98 billion in 9MFY13. Maybank said the group’s net interest income and Islamic Banking income for 9MFY14 in- creased by RM505.4 million or 5.5% to RM9.73 billion compared to 9MFY13, largely due to growth in net loans, advances and financ- ing, which mainly came from its Islamic banking operations.
The group’s non-interest income for 9MFY14 declined RM561.5 mil- lion or 12.3% to RM3.99 billion, mainly due to a lower foreign ex- change gain of RM1.21 billion, a lower gain on disposal of financial investments available-for-sale of RM310 million, and a lower gain on disposal of financial assets at fair value through profit or loss of RM91.5 million.
Meanwhile, the group expressed confidence that its common equi- ty tier 1 (CET1) capital ratio will be well ahead of the minimum level of 7% (inclusive of capital conser- vation buffer) as required by 2019. “The deepening of Maybank’s business portfolio in the region is another near-term priority for the group in 2014.
“It includes improving client interface within the global banking business, providing cross-border banking solutions via the Maybank Islamic business and expansion of insurance and takaful services in other markets,” it said.

not sensational news..but tomorrow zoomboom first one to sell...haha now he pacify you all dont sell..let him sell first..haha

dsonic in any short term now is a stale stock...it will keep falling until below Rm 1.00 for sure...ppl are averaging their price now and sell on strength...just watch...there are no longer any reason to hold this stock anymore...

big losses posted...gonna drop until 0.280

better sell now and buy other counter ...no volume = dead...1.10 support

TRAP haha

sit back and wait for your dividend.. :)

haha trap lor ini

spend time on lawsuit instead of focusing on the business...disadvantage to shareholders...and wasting time and money

stay away.....