from previous experience Reach once going up very fast one.

Reach now on radar because it is upstream player and it will benefit most during this uptrend. Price still low compared to the rest.

need to break 0.75 in order price to move further rocketing. Come on Bunga Raya. :-)

waiting for Big Fund from PNB and its Amanah Saham Fund coming in.

let see whether it can shoot today or not. heheh. Come on Sapula.

it still not being push much compared to the rest. Tapi lepas ni heheheh.

Reach is upstream player and they supposed to benefit most because of the price surge and this will contribute increase in company profit if the price maintain in long run

This is also Oil & gas player.

come on break 0.20.

Actually my friend yang dari pantai timur kebanyakkannya takde perangai mcm ni. Maybe segelintir jer org pantai timur mcm tu kot Semongko. Just abaikan jer. kerabat depa yang malu. Apa-apa pun yang dah beli kalau rasa nak hold ...hold jer. Kalau rasa nak jual..jual jer. Duit masing-masing kan. I rasa kebanyakkan yang masih ada is long term investor yang dah masuk since harga below 0.10. Diorang create gambaran as if ramai stuck padahal yang ada ni kebanyakkannya those yang dah beli lama dah below 0.15 atau 0.10. Pagi petang siang malam mereka akan buat mcm-mcm gambaran.Cuma satu jer la. Kalau saham tu sampah dan tak guna..Apa pasal masih ada di sini dan hari-hari curse the share price. Kecuali they have some interest on it. Kalau takde apa-apa org giler jer hari-hari buat kerja amal ni.Kena pergi check kot maybe something wrong some where up there kat kepala. Takut ada wayar losse. Hahaha.

This is the situation now :

1. COVID 19 case still high and effort by government around the world is still way very moving slow. However there is hope demand picking up.

2. Many oil major or oil company suffer with huge debt and unable to proceed with further investment in oil or freeze remaining investment. They dont want to risk going for investment with demand not yet fully recover.

3. Huge Supply cut by OPEC

4. Oil storage around the world draining in fastest rate than previously thought.

5. Super cold weather in US & Canada and many western hemisphere country

6. Geopolitical conflict escalated in middle east between Saudi, Iran and US.

7. Oil major dont want to continue investment and stop production in many area around the world.

8. A lot of Shale producer facing bankruptcy and they dont want to continue opening new production or resume any production because of huge cost and Covid 19 not yet fully recovered. Cases still increase around the world.

9. China & India economy resume and production pick up at this major economy and they need oil.

10. Due to economic recovery and stimulus package by Many country, Inflation start picking up and this effect oil price.

11. Country with vaccination process on going already start reduce travel restriction and business start moving and oil consumption increase.

12. Production put on hold or halt in Texas US due super cold weather and no enough supply.

13. US plan for major stimulus package and world are waiting for it because it will give boost to economic recovery in a situation where oil production in US as all time low.

14. Many country in middle east and OPEC need oil at above 80 USD in order for them to cover their budget and stimulus package.

15. Biden are going for clean energy and many oil and gas future contract or investment under president trump are put on hold or cancel ie pipeline project between US and Canada and so on.

This is the situation now :

1. COVID 19 case still high and effort by government around the world is still way very moving slow. However there is hope demand picking up.

2. Many oil major or oil company suffer with huge debt and unable to proceed with further investment in oil or freeze remaining investment. They dont want to risk going for investment with demand not yet fully recover.

3. Huge Supply cut by OPEC

4. Oil storage around the world draining in fastest rate than previously thought.

5. Super cold weather in US & Canada and many western hemisphere country

6. Geopolitical conflict escalated in middle east between Saudi, Iran and US.

7. Oil major dont want to continue investment and stop production in many area around the world.

8. A lot of Shale producer facing bankruptcy and they dont want to continue opening new production or resume any production because of huge cost and Covid 19 not yet fully recovered. Cases still increase around the world.

9. China & India economy resume and production pick up at this major economy and they need oil.

10. Due to economic recovery and stimulus package by Many country, Inflation start picking up and this effect oil price.

11. Country with vaccination process on going already start reduce travel restriction and business start moving and oil consumption increase.

12. Production put on hold or halt in Texas US due super cold weather and no enough supply.

13. US plan for major stimulus package and world are waiting for it because it will give boost to economic recovery in a situation where oil production in US as all time low.

14. Many country in middle east and OPEC need oil at above 80 USD in order for them to cover their budget and stimulus package.

15. Biden are going for clean energy and many oil and gas future contract or investment under president trump are put on hold or cancel ie pipeline project between US and Canada and so on.

This is the situation now :

1. COVID 19 case still high and effort by government around the world is still way very moving slow. However there is hope demand picking up.

2. Many oil major or oil company suffer with huge debt and unable to proceed with further investment in oil or freeze remaining investment. They dont want to risk going for investment with demand not yet fully recover.

3. Huge Supply cut by OPEC

4. Oil storage around the world draining in fastest rate than previously thought.

5. Super cold weather in US & Canada and many western hemisphere country

6. Geopolitical conflict escalated in middle east between Saudi, Iran and US.

7. Oil major dont want to continue investment and stop production in many area around the world.

8. A lot of Shale producer facing bankruptcy and they dont want to continue opening new production or resume any production because of huge cost and Covid 19 not yet fully recovered. Cases still increase around the world.

9. China & India economy resume and production pick up at this major economy and they need oil.

10. Due to economic recovery and stimulus package by Many country, Inflation start picking up and this effect oil price.

11. Country with vaccination process on going already start reduce travel restriction and business start moving and oil consumption increase.

12. Production put on hold or halt in Texas US due super cold weather and no enough supply.

13. US plan for major stimulus package and world are waiting for it because it will give boost to economic recovery in a situation where oil production in US as all time low.

14. Many country in middle east and OPEC need oil at above 80 USD in order for them to cover their budget and stimulus package.

15. Biden are going for clean energy and many oil and gas future contract or investment under president trump are put on hold or cancel ie pipeline project between US and Canada and so on.

This is the situation now :

1. COVID 19 case still high and effort by government around the world is still way very moving slow. However there is hope demand picking up.

2. Many oil major or oil company suffer with huge debt and unable to proceed with further investment in oil or freeze remaining investment. They dont want to risk going for investment with demand not yet fully recover.

3. Huge Supply cut by OPEC

4. Oil storage around the world draining in fastest rate than previously thought.

5. Super cold weather in US & Canada and many western hemisphere country

6. Geopolitical conflict escalated in middle east between Saudi, Iran and US.

7. Oil major dont want to continue investment and stop production in many area around the world.

8. A lot of Shale producer facing bankruptcy and they dont want to continue opening new production or resume any production because of huge cost and Covid 19 not yet fully recovered. Cases still increase around the world.

9. China & India economy resume and production pick up at this major economy and they need oil.

10. Due to economic recovery and stimulus package by Many country, Inflation start picking up and this effect oil price.

11. Country with vaccination process on going already start reduce travel restriction and business start moving and oil consumption increase.

12. Production put on hold or halt in Texas US due super cold weather and no enough supply.

13. US plan for major stimulus package and world are waiting for it because it will give boost to economic recovery in a situation where oil production in US as all time low.

14. Many country in middle east and OPEC need oil at above 80 USD in order for them to cover their budget and stimulus package.

15. Biden are going for clean energy and many oil and gas future contract or investment under president trump are put on hold or cancel ie pipeline project between US and Canada and so on.

This is the situation now :

1. COVID 19 case still high and effort by government around the world is still way very moving slow. However there is hope demand picking up.

2. Many oil major or oil company suffer with huge debt and unable to proceed with further investment in oil or freeze remaining investment. They dont want to risk going for investment with demand not yet fully recover.

3. Huge Supply cut by OPEC

4. Oil storage around the world draining in fastest rate than previously thought.

5. Super cold weather in US & Canada and many western hemisphere country

6. Geopolitical conflict escalated in middle east between Saudi, Iran and US.

7. Oil major dont want to continue investment and stop production in many area around the world.

8. A lot of Shale producer facing bankruptcy and they dont want to continue opening new production or resume any production because of huge cost and Covid 19 not yet fully recovered. Cases still increase around the world.

9. China & India economy resume and production pick up at this major economy and they need oil.

10. Due to economic recovery and stimulus package by Many country, Inflation start picking up and this effect oil price.

11. Country with vaccination process on going already start reduce travel restriction and business start moving and oil consumption increase.

12. Production put on hold or halt in Texas US due super cold weather and no enough supply.

13. US plan for major stimulus package and world are waiting for it because it will give boost to economic recovery in a situation where oil production in US as all time low.

14. Many country in middle east and OPEC need oil at above 80 USD in order for them to cover their budget and stimulus package.

15. Biden are going for clean energy and many oil and gas future contract or investment under president trump are put on hold or cancel ie pipeline project between US and Canada and so on.

Huraiii huat la...

Very good closing.

hheh same here patiently wait since 0.04. Want it to explode higher.

Come on reach. push up a bit la for today.

oil collecting strength to break 64USD

huraiiii they break the wall of 0.68....the glory day coming

waiting for brother dayang to attack and push the price

come on PNB bring down that 0.15 wall.

come on PNB lets clear that road block 0.15.

All the best la to those inside. Sorry tak berani to enter. Boleh tgk dari jauh jer.

perghh happy...long way to go...but very good performance. lalala

come on break that 0.68 wall.

And the announcement of new CEO. Hope Datuk Anuar Taib can be appoint to that position. I like his way of work when he was in PETRONAS.

giler la. tak berani woo nak masuk. kaw kaw going up. Ini kalau jatuh pun kaw kaw ni.

heheh successful selling of AT Glove to the buyer in Europe & Asia? heheheh.

current price movement dah ok ni. absorb selling pressure.

Post removed.Why?

Duit coming woo...

need to break 0.68 to fly to the next high.

Greet good chance to add more.

come on Perdana..follow your brother Dayang la. Dayang doing very well.

heheh dont tell me i didnt ask you to buy yer. heheheh start moving.

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning

https://oilprice.com/Energy/Oil-Prices/100-Oil-Big-Banks-Believe-A-New-Oil-Supercycle-Is-Beginning.html

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

And when they refer to this rise, they’re talking $80, or even $100 per barrel.

Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.

For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”

The reason for supercycle predictions is simple: stimulus packages, most notably the stimulus package that the U.S. government is expected to roll out, are expected to boost consumption.

And according to Currie, this stimulus will create a “significant, commodity-intensive consumption” as the stimulus package is mostly targeting lower and middle-income households.

“These people don’t drive Teslas,” Currie explained. “They drive SUVs”.

Murti, on the other hand, thinks that if oil demand were to increase by a half a million barrels per day over the next year, it wouldn’t be enough to outstrip supply.

As a point of reference, global oil demand sank roughly 10 million barrels per day as a result of the pandemic in 2020.

If, however, oil demand were to pick up steam by as much as 1.4 million barrels per day, a supercycle may follow.

Veteran trader Pierre Andurand told the Financial Times that the fate of oil prices rests on OPEC—specifically on how much oil they supply.

Standing in the way of the next supercycle, says Andurand, could be Iran returning to the global oil markets, and OPEC’s production in general.

Retired veteran trader—a particularly successful one that made a not-so-small fortune on oil’s last supercycle—Andy Hall, sees the oil market in “terminal decline” the Financial Times writes, and likened any price rally as a dead cat bounce.

By Julianne Geiger for Oilprice.com

old news also already show that they start production. So why everyday bising when production want to start. Aiyo.

$100 Oil: Big Banks Believe A New Oil Supercycle Is Beginning

Some of the world’s biggest names in oil trading and analyzing can’t seem to get on the same page when it comes to predicting what will happen next for the volatile commodity.

Some, like Jeffrey Currie of Goldman Sachs and Christyan Malek of JPMorgan, according to the Financial Times, are confident that oil is ready for the next supercycle—a prolonged rise in the price of oil.

And when they refer to this rise, they’re talking $80, or even $100 per barrel.

Others, like oil analyst Arjun Murti who correctly predicted the last $100+ per barrel achievement seen between 2008 and 2014, say that talk of this next supercycle may be a bit hasty.

For Malek, he sees a situation where demand outstrips supply, before “we don’t need it in the years to come.”

The reason for supercycle predictions is simple: stimulus packages, most notably the stimulus package that the U.S. government is expected to roll out, are expected to boost consumption.

And according to Currie, this stimulus will create a “significant, commodity-intensive consumption” as the stimulus package is mostly targeting lower and middle-income households.

“These people don’t drive Teslas,” Currie explained. “They drive SUVs”.

Murti, on the other hand, thinks that if oil demand were to increase by a half a million barrels per day over the next year, it wouldn’t be enough to outstrip supply.

As a point of reference, global oil demand sank roughly 10 million barrels per day as a result of the pandemic in 2020.

If, however, oil demand were to pick up steam by as much as 1.4 million barrels per day, a supercycle may follow.

Veteran trader Pierre Andurand told the Financial Times that the fate of oil prices rests on OPEC—specifically on how much oil they supply.

Standing in the way of the next supercycle, says Andurand, could be Iran returning to the global oil markets, and OPEC’s production in general.

Retired veteran trader—a particularly successful one that made a not-so-small fortune on oil’s last supercycle—Andy Hall, sees the oil market in “terminal decline” the Financial Times writes, and likened any price rally as a dead cat bounce.

By Julianne Geiger for Oilprice.com

https://oilprice.com/Energy/Oil-Prices/100-Oil-Big-Banks-Believe-A-New-Oil-Supercycle-Is-Beginning.html

Just keep la. possible to go higher than current price.

hah kejap lagi tanya pulak betul ke maklumat tu. pergi website AT cari. Kalau tak jumpa juga aku bagi link. kalau tak faham jugak pergi telan ubat tidor banyak-banyak. pastu sleep forever. nak buat mcm mana. bebal sunguh. Ok goodnite.

https://www.atsys.com.my/at-systematization-kicks-off-glove-production/

aku sebenarnya kesian betul la dgn diorang ni. Invest buta-buta ke. Kalau nak maklumat pergi la cari. Hari-hari tanya bila production.Aku pu pelik. Adeh. Ada jugak mangkuk ayun.

AT Systematization Kicks Off Glove Production

AT SYSTEMATIZATION KICKS OFF GLOVE PRODUCTION
Posted at 13:07h in News by WebMobster
18Likes
AT SYSTEMATIZATION Bhd kicked off its glove production venture following the trial runs in the weekend, making it the first among new glove players to start production.

AT Systematization MD Choong Lee Aun said the group obtained the CE marking, enabling it to tap into the export market following the commencement of production.

“We are proud of the speed of our progress to get the production off the ground. It shows that we are committed to deliver gloves to meet the shortages amid the ravaging pandemic,” he said in a press release yesterday.

The company’s glove factory in Chemor, Perak, now has one line, and it targets to see the commencement of the second line in the coming weeks while it begins work on the manufacturing plants’ second phase.

By June 2021, AT Systematization expects to reach a glove production capacity of 2.6 billion pieces per annum based on the assumption 24 hours per day and 30 days per month.

AT Systematization’s factory took slightly over four months for building, which the group said is the shortest time taken for a glove manufacturing plant to be set up, and the facility will be made “future-ready” for IR4.0 ecosystem, which is equipped with manufacturing execution system to provide real-time production monitoring and control, output control and monitoring, and record retention to comply with standard regulations.

The Covid-19 pandemic has fuelled a boom in demand for rubber gloves, which has attracted fresh capital into new production capacity from many local companies like AT Systematization.

Choong added that the group has invested money and high-skilled technicians in order to ensure its glove division can withstand future challenges, such as when the demand-supply normalises.

“The group is interested in the long-term growth potential for the glove industry and not just on the supernormal cycle.

“As we believe demand for gloves is inelastic despite the positive development of the vaccine against Covid-19 recently, we have invested into the best technology to help our glove division grow,” he said.

AT Systematization’s share price gained 1.5 sen or 8.11% to close at 20 sen yesterday.

Meanwhile, another newcomer to the glovemaking scene, Hong Seng Consolidated Bhd, announced via its subsidiary, Hong Seng Industries Sdn Bhd (HS Industries), that it will be acquiring a 105-acre (42.5ha) federal land in Kedah Rubber City for RM45.74 million for setting up its nitrile butadiene latex (NBL) manufacturing plant.

Hong Seng chairman Datuk Teoh Hai Hin said HS Industries was incorporated with the intention to engage in the manufacturing and trading of NBL.

“By setting up our own NBL plant, it will provide a timely opportunity to secure constant internal supply for our subsidiary, Hong Seng Gloves Sdn Bhd’s plant in Kedah and at the same time, filling the vacuum in the NBL shortage to capture the market.

“Ideally, this will enable us to be an integrated glove and NBL manufacturer in Malaysia by having both upstream and downstream segments of the glove manufacturing supply chain,” he said in a press release yesterday.

According to a filing to Bursa Malaysia yesterday, there is no upfront payment required to be made by HS Industries for the land with the offer letter to be issued by the Northern Corridor Implementation Authority.

Hong Seng obtained shareholders’ approval to diversify its business to include manufacturing and trading of gloves and other personal private equipment products, healthcare products, services supply and hire purchase as of Dec 15.

It also received shareholders’ approval for the turnkey agreement, which entails engaging Howellcare Industries Sdn Bhd to plan, design, supply, instal and commission the glove production plant and undertake all marketing and sales of the nitrile butadiene rubber gloves for the initial stage.

The contract value of the turnkey project is set at RM59.4 million.

warrenG quarter report anticipated already and counted already because we know it based on what price. But now we look into fundamental change in oil industries where many indicators showing of bull market for oil & gas. Electric cars and renewable energy take time to implement and for sure you need government intervention on this so that the infrastructure can be set up for this electric car and renewable energy to become game changer. But not many country are not ready for that anytime soon in fact everybody now focus on saving their own economy and focusing on fiscal consolidation and economy stimulus.

come on Perdana follow your brother Dayang.

Dayang sky rocketing. Waiting for adik Perdana to follow.

wait for china money tomorrow la. china still on holiday right ?

just wonder...is there any possibility of ex-EPF boss become CEO of Sapura Energy since he just left EPF...

All the best Velesto.

Petronas invites bids for building of 16 OSVs

IN view of its ageing fleet of offshore support vessels (OSVs) for the oil and gas (O&G) industry, Petroliam Nasional Bhd (Petronas) has recently put out to tender the building of 16 such vessels.

It is understood that this is just the first batch of contracts up for grabs. The national oil firm’s plan is to build 100 vessels in four years — a move to phase out its old vessels, according to industry sources.

Currently, about 60% of the OSVs that are in service are at least 11 years old, which is not far from the 15-year limit imposed on these vessels.

In the latest Activity Outlook for 2021-2023, Petronas wrote that it was committed to ensuring operational safety during offshore transport. “Efforts are underway to replace the ageing fleet that is currently serving our operations through collaboration with the marine [fleet]. In addition, Petronas is currently considering options for new vessel technology for our operations that can accomodate 365 days operability per year, able to provide comfort to passengers during voyage and safe passenger transfer from vessel to platform and vice versa, among others.”

The newly built vessels will mainly be deployed for upstream activities, which are usually chartered on long-term contracts by oil majors.

Indeed, the national oil firm has already said this is an opportune time for local players and financiers to re-evaluate investment opportunities. “The Outlook depicts consistent demand for vessels supporting production operation from year to year,” says Petronas on the prospects for the OSVs for the oil production segment.


Although the industry is not out of the woods yet, industry sources say the invitation for bid is being sent out now considering that it takes 18 to 24 months to build one vessel. The building of the vessels will have been done by 2023, when a number of long-term charter contracts expire. The new OSVs will be just in time to replace the old ships.

Given the uncertainties on the horizon, Petronas is offering long-term charter contracts for each vessel even before they are built. Sources say the contracts will help protect OSV operators from the risk of not being able to secure contracts after the ships are built.

This time around, the tenure of the charter contracts is up to eight years. They will be structured as three-year contracts that are renewable for another three years plus a second renewal of two years.

Apart from earnings risks, the assurance of charter contracts in hand will also help ease the O&G players’ difficulties with obtaining financing — a major challenge that many have faced since the industry slumped into a prolonged downturn in 2015.

O&G players often face the problem of getting sufficient financing from banks to fund fresh contracts or projects that are hard to come by owing to the dearth of jobs during the current industrial recession. Consequently, this has formed a vicious cycle among the financially stressed companies. Because of their weak financial footing, they find it difficult to secure bank loans to execute any new projects that could save them from going belly up.

The recovery of global crude oil prices, which are nearing pre-Covid levels, gives a glimmer of hope of better prospects for the O&G industry after it experienced the collapse of oil prices to sub-zero last year.

Petronas’ efforts to replace its ageing vessels will be another boost to the OSV operators’ hopes of getting out of troubled waters soon, after struggling with job scarcity, depressed charter rates and overcapacity for five years.

Nevertheless, there are still concerns. Given the drought of decent long-term charter contracts, some OSV operators are expecting intense competition for Petronas’ new contracts, including from foreign bidders.

According to sources, Petronas has set a few requirements for new OSV contracts. One is that the new OSVs have to be built in the local shipyards and that the bidders have to obtain financing locally, including from foreign banks operating in Malaysia.

Some local players are keeping their fingers crossed that home-grown OSV operators will be considered first.

There is also a concern that Petronas may set ceiling prices that are too low, should there be any imposed on the bids. In the past, many charter contracts awarded were below some companies’ operating expenses. On the other hand, others may argue that these companies should have stepped up efforts for better cost management to stay competitive for jobs.

It should be noted that Petronas did mention the “prioritisation of local vessels will continue to be exercised” in its Activity Outlook report.

https://www.theedgemarkets.com/article/petronas-invites-bids-building-16-osvs