Coming to life. Bought rights at $1

Can close shop. I read Star since I was 17. Now 64. Now I finish paper in less than 10 minutes.
Columnist like Joseline Tan write nonsense and is still on payroll The Sabah guy Philips is starting to write political nonsense too. They should know that the majority of STAR subscribers are not Perikatan supporters. Why don't concentrate on facts instead of trying to do propaganda

New Petronas Chief is Ex Sapura Energy. Hope he favours Sapura Energy when dishing out contracts since Sapura is 40% PNB owned

Ewein got volume and moving today. Any connection between Vertice and Ewein

Mkt Cap is 1.6B and new contracts with established oil players is 746 million. Also lots of existing contracts and oil price should recover gradually. PNB biggest shareholder at 40%. Rights issue was at 30 cents and raise 4B. I will just buy and lock up for 1 yr to re access. The banks share price have recovered to 90% of pre pandemic price.
What other sector to hold if not oil & gas since economy is opening up

Don't Think share price will go anywhere as ASB got 9% to sell down.
Co buyback also stop for sometime. Average buyback price is much lower than current

With so many sectors of the economy opening up I think the air travel have to pick up soon. MAS is in ICU. I will take a risk with this counter. Buy 10% for every 10% drop in price

Last Friday all Property Counters went up significantly. This counter still sleeping.

Last Quarter only MCO about 2 weeks and already resulted in a loss for the whole quarter. Next Quarter should be very bad. The cost cutting had not work. No wonder COO also cabut

Guess it all hinge on 1 thing ie if the lease for rigs are renewed and at what price. Problem is that Petronas cut CAPEX

No buyback since 8 May 2020. ASB sell 3,040,200 on 15 May 2020 alone.
Co buyback only 5,508,000 for period 28 April to 8 May. Shares were ramp up from a opening price of 34.5 cents to a high of 39 cents before closing at 38 cents. The next few days the shares open higher, trade lower throughout the days and always close at the higher bid.
Quite obvious that those ASB shares were sold to someone who the ramps
up to dispose for a profit. I would stay away from this counter until
it drops to 34 cents.If ASB (Still holding about 9% shares ) sell at 34.5 cents on 15 May, why stop selling subsequently at higher prices.
Waiting for that block of 3,040,200 shares to be digested by retail investors. Just wait patiently for price to go below 34.5 cent again

1st Quater up to 31st March. MCO start 18 March. 13days of MCO and the result so badly affected.
2nd Q is full MCO. Kaput

Rakuten Head of Research Kenny Yee Top pick for 2020 is Vertice Bhd.
Now only $0.30. Ask to buy at $0.90+.
So much for Rakuten Research

Ya. Rakuten cannot sell at all the whole morning. Says cannot connect to server but still login to account. This happen every morning till about 9.30 am.

IW City Move. Ekoest Move. PLS Continue sleeping

I take profit already. Tomorrow last day for June Contract

AMANAHRAYA TRUSTEES BERHAD - AMANAH SAHAM BUMIPUTERA (a substantial shareholder) disposed 526,100 shares on 14-May-2020.

Finally start moving

Velesto 34.1 % of 52 wk price, Bumi Armada is 35.14 and Perdana is 33.33 % of 52 wk High price. All about the same except for Hibiscus which is now 50.9 % of 52 wk high price

Why did Rakuten Head of Research recommend this Stock at 80+ cents in Jan 2020. Although this co got no debt, the revenue is no good too.
Kenny Yee
Head of Research
Rakuten Trade
Stock picks: RCE Capital Bhd and Vertice Bhd
Vertice Bhd
Price: 87.5sen

Our second stock pick for 2020 is construction firm Vertice Bhd, which was formerly known as VOIR HOLDINGS BHD.

We are looking at this stock as the group is expected to return to profitability after streamlining its operations to focus on construction.

Last year was a transitional year for the group, following the sale of its majority stake in its fashion retailing business in 2018.

The outlook for the group’s construction business is bright, given Vertice’s alliance with the main contractor of the RM6.3bil Penang Transport Masterplan project, Consortium Zenith Construction Sdn Bhd.

There are four construction packages under main contractor, with Package 2, worth RM815mil having been awarded to Vertice.

Package 2 involves the construction of a by-pass from Bandar Ayer Hitam to Lebuhraya Tun Dr Lim Chong Eu.

The groups alliance with the main contractor of the project also provides the possibility of Vertice securing further work packages.

We also expect a boom in the construction sector this year, with mega infrastructure projects like Bandar Malaysia coming up, and this should be beneficial for Vertice.

Its participation in the construction scene in Penang is also positive, given that Penang is among the states with the most construction activities in the pipeline.

Overall we are optimistic on Vertice given its strong outstanding orderbook of RM1bil, and as the works on the Penang Transport Master Plan project will keep the group busy, providing earnings visibility for the next three to five years.

I bought 4 O&G counter about 3 wks ago. Velesto, Bumi Armada, Perdana and Hibiscus. Bought the least Hibiscus ( Seems they are directly involved in producing oil ). I calculate the ratio of current price over the 52 wk high is see how much the various counters have rebounded. Hibuscus is the best. 58c/$1.15 ie 50.88%; Bumi Armada is 19.5/55.5 ie 35.14%; Velesto is 14/41 ie 34.1% and Perdana is 18.5/55.5 ie 33.33%.
Which counter you guys thick is better off fundamentally. Some research papers seems to suggest Velesco got better Balance Sheet but the share share is not doing so well

ASB Keep selling. Still got 9.1%. How to go up?

52 Weeks Range: 0.10 - 0.97. Useless counter. Have not even recover to 30% of price

WTI Crude 28+. Brent Crude 32+

Think people will use private car more than public transport. So oil demand will be faster than the rest

Macgyver 11. Very good analysis. Will just buy in stages ie if down 10%, top up again.

https://www.thestar.com.my/business/business-news/2020/04/26/petronas-refutes-allegation-of-oil-rigs-shutown. Petronas deny shutting down oil rigs. Most of Velesto oil rigs are used by Petronas

Keep going down. Who selling

Thanks. All this belong to Velesto?

Why price keep going down. Any suspension of Rig Contracts with Petronas

Purchase so far is only 0.0187 %. Can buy up to 10% of shares issued.
So I belief can buy on weakness. Should have solid support from company buyback. Any comments please. Think of buying

EPF selling is always a sign that the counter will move up eventually. Look at Star Media. They sell at 25 cents. Now 39 cents and got 2 cents Div. Same scenario with Media Prima.
Velesto is not involve in oil production like hibiscus. Basically a rig operator. As long as Petronas is still pumping there is no problem.

Down 10% buy 10% of existing holdings. Hopefully can make money when demand of oil goes up again. Afterall who can continue pumping oil at such low price. Max is hold 6 months

At the rate EPF is selling the price will remain depressed. Don't hope to control. Just buy 10 % after every 10% downward adjustment in price. Oil have to go up to USD 30 to 40 dollars at least by end of year.

Buy 4 ekor better chance

EPF and Tabung Haji had all dump at low prices. MCA was patient. Only start buyback when those agencies had nothing left to sell. Wonder how EPF fund managers can sell a grossly undervalued dividend paying stock. Its really free money for those picking up at the low. Basically no risk.
Remember some research house setting a very low target price. Wonder what research they do

What is this news about Star Media working with Hwawei.

Company buyback. Got ample cash. Can wait for TP 10 cents?

9.5 cents to 25 cents. This is bull market

10 cents better still. Got interim div of 2 cents

Can hold at this price you cannot be wrong. 6 months holding at least to make 50 % profit

Ewein move 50 % yesterday. Vertice still tidur

7 cents Q few days cannot get. Mostly bought at 7.5 and 8 cents.
Wonder how new report says Censof sold at 6 cents

Did DNEX sell its stake in Ping Petroleum. Anyone please update?

2 cents Divident at 30 cents share price. Thats 6.66%. Better Than BAT

whats happening. PN4?

Myyudin lawan boss. Will lose Home Minister post. So Prestariang got chance of getting back project

Resolution pass without change in share price. Ekovest to buy preference share at $1.00
Now only 71 cents.
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,052,100,000 NEW REDEEMABLE PREFERENCE SHARES IN PLS ("RPS") AT AN ISSUE PRICE OF RM1.00 PER RPS ON THE BASIS OF TWO (2) RPS FOR EVERY ONE (1) PLS SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("RIGHTS ENTITLEMENT DATE") ("PROPOSED RIGHTS ISSUE")

Ekovest voted to buy PLS Plantations Preference Shares at $1.00.
Market price only 71 cents. Still go up?
PROPOSED RENOUNCEABLE RIGHTS ISSUE OF UP TO 1,052,100,000 NEW REDEEMABLE PREFERENCE SHARES IN PLS ("RPS") AT AN ISSUE PRICE OF RM1.00 PER RPS ON THE BASIS OF TWO (2) RPS FOR EVERY ONE (1) PLS SHARE HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER ("RIGHTS ENTITLEMENT DATE") ("PROPOSED RIGHTS ISSUE")

Revamp. Stock Prices available online