Things will get better for conventional oil

Ppl start to realize US shale is not living up to investors expectations
No pisitive cash flow, taking more debt to drill more just to maintain production level
Production rate can drop more than 50-70% just after 6-12 months

Big company such as BHP already anoounce to exit Shale Oil
Oil price will slowly climb up as more and more Shale Oil producers go bust

Notice this counter movement slightly different today

Hope this rebound continue

Good news around the corner?

Sapura Energy vs MHB

http://www.komec.kr/eng/Board.asp?menucode=0503010000&mode=2&no=25425&page=1

IOC and NOC will need to invest to explore new oil and gas reserve to make up for depleting existing ones

Huge capex upcycle (2010-2014), followed by downcycle (2015-2017/2018). Very cyclical in nature

We are probably at the tail end of the downcycle for upstream players. Another 12-18 months is likely to be different than what it is now

If one has a long term view, one would agree that Sapura Energy is a good bet to ride on.
Without major disruptions in oil producing country (i.e war, sanctions), 100 dollar oil may not be feasible. But if it can sustain 70-80 dollars, that is good enough to motivate IOC and NOCs to kickstart their capex spending

When will this happen? 2018/2019 maybe?

The way people sell down this counter as if it is going to bankrupt tomorrow.

Unbelievable

Commercialization of its gas assets is key for this conpany

After B15, 3 new ones coming online in 2019

Another big one will come online in 2022

This co will be major gas supplier by then, aside from Petronas

Buy for long term can sleep well

Buy for short term = heart attack

EPF so stupid ka buy SAPNRG buta2?

Cannot be right? If they sense something fishy and doom, they will
just cut loss and move on. This happened to FGV before

So why EPF keep buying? After buying huge stake from Mokhzani
(1.42-1.48), still buying despite bad Q result announcement

There must be some reason why they keep Investing in SAPNRG
The key is Invest, not punt. Who knows in 3 years time can go back to
RM2.00, ROI is about more than 30% per annum which is not bad

If the bigger gas field JV with Petronas & Shell start producing in 2019,
It is possible. Not to mention potential job win in between

So, lets invest and have a longer term view on SAPNRG.

The current price is already almost equivalent to Sapura Crest during
Subprime Crisis in 2008. This SAPNRG is actually bigger than Sapura Crest
after merger with Kencana.

At this price, it is very2 attractive for long term play

3 new gas field to be developed and ready by 2019/2020

Partners include Petronas and Shell

4-5 times bigger than B15

Can buy or not?

EPF buying...
Director buying....
KWAP selling.....

When the recent q result announced, the price gap up to 1.50 vs previous day closing price of 1.32.

And 9 days later (today), that gap is finally closed. Normally uptrend continues when this happen.

Saw huge buying support came in at 1.30 incating bulls may want to take over control.

Let see how this unfolds.

Finally gap close today. Can expect brighter days ahead?

Tomorrow formally into MSCI Small Cap Index. Got rocket up ka?

Sendai made RM 193 million nett loss in Q4 last year.

If Sendai busuk2 make even RM1 only nett profit for Q4 this year, you can imagine the headline such as “ Sendai recorded 100% Turnaround in nett profit in Q4 2017”.

Just nice for CNY rally play

Turnaround counter. Next quarter if can make RM1 also very good if compare QoQ.

Gogogo Sendai!!

SAPRNRG = SPRING?

Ok lah... not too bad. Not too spectacular either. At least got interim div 1.5 sen.

Maybe Fajar need one big project for major rerating.

GBGAQRS Eps lower than Fajar. But PE can get 20+

Wahh... EPF so confident in Senergy ka? Putting big pension fund money into Senergy.....

Maybe this is a signal to wake up this sleeping giant...

Keep calm and collect more...

Based on earlier news report, the PP by Macquarie may take up to Q1 next year.

The question is, what will happen to the share price then? Depressed until end of Q1?

I think if Eversendai can report good numbers this coming quarter, the price will eventually move up. And hopefully the subscription by Macquarie will happen at faster rate to take advantage of the lower price as it move up. That way, it may complete earlier

Accumulate

Promising start

Wow..... big sifu OTB also in Fajar!!! Go go go Fajar!!!

The only issue is how long Macquarie will take to complete the process. 77.3 million shares in total

Small contract, but meaningful.

Certification as pre approved service provider to Saudi Aramco is significant for future contract success.

According to sources, the deal was priced at RM1.42 with books closing within two hours after the placement was launched on Thursday.


Read more at http://www.thestar.com.my/business/business-news/2017/11/04/sapura-to-be-held-mostly-by-institutions-after-mokhzanis-exit/#rXtaMwKBRQce5L6C.99

Based on The Star report, the sales were completed in merely 2 hrs.

Maybe KPF knows something that we dont. Upcoming quarter result maybe?

KWAP bought huge shares of Senergy. Check todays announcement

Cuscapi is lighter without those 3 freeloaders..... gogogo!!

https://www.thestar.com.my/business/business-news/2017/11/02/cuscapi-explains-termination-of-agreements-under-fund-raising-exercise/

Tomorrow is the real test of Cuscapi. 100 mil Monday volume T+4

But after clarification on subscription termination and UQS still in the picture with majority control, I am quite positive something good is brewing in this counter.

UQS calls the shot. No freeloaders!!!

Hahaha

Now the news is out, they need to push it up to make sure it is attractive to whoever interested to take up the shares!!

Good closing after all the panic from yesterdays Subscription termination.

I believe thosw who panic sold already.

Clearly this stock is uptrending. Higher highs, higher lows!!

Bratt, if your view holds water then all local IT companies should go under water la.

But look at Eforce, Myeg, Ghlsys, Efficen etc. They are thriving instead. Plus, they grow even more ever since the Jack Ma wave came to our shore late last year.

Conclusion: it is the opposite of what you are suggesting

Good news I suppose. Notice more and more ex Sime joining FGV

Earlier plan to raise RM 79.8 million. With II, III and IV out the amount to be raised (from subscription by UQS) will be 79.8-26.6 = RM 53.2 mil.

Less money, but the existing major shareholder interests are preserved.

III and IV are from IOI group. Maybe Cuscapi and UQS doesnt need them after all

Thats right. Only II, III and IV terminated.
They collectively allocated about 33% of the subscription.

UQS is still on the boat. And thats what matters.

https://www.nst.com.my/business/2017/10/297266/new-posts-strengthen-fgv-ops

Some internal shuffling will take place. Hope market react positively once announced by Azhar

Cuscapi got a new powerful driver. The driver is the same powerful force behind Eforce and MYEG. He is now the new major shareholder in Cuscapi!!!

https://www.thestar.com.my/business/business-news/2017/10/11/cuscapi-to-issue-new-shares-and-warrants/

http://www.mystock118.com/2016/02/12/myegs-project-director-acquires-5-stake-in-excel-force/

Legacy issues:

1) Proton
2) MAS
3) IPP lopsided agreement
4) Crony capitalism

Current issues:

1) FELDA/FGV
2) 1MDB
3) GST
4) high cost of living/crime/religious extremism

Zakaria as CEO, Isa as Chairman FGV can go up to 2.52 highest

Zakaria as CEO, Azhar as Chairman, FGV has to go more than 2.52. Perhaps closer to 3.00
by Election??

Heard the Chairman has set profit target of 250, 350 and more than 550 mil for 2017,2018 and 2019.

And they aspire to become RM 20 bil company by 2020 (20 billion/3.65 billion share = RM 5.50 per share)

If they can come up and share their strategy and long term business plan properly to IBs, analyst and investment community, they may regain trust and confidence that is lost all this while.

Whilst Immediate quarterly results must show improvements, but more importantly is their long term strategic plan as people will Invest based on future prospects.

Hope they can share their plan soonest. Most likely after Zak is back.

Short consolidation before next push up?

This counter will move up when people least expect it to go up

Good news I suppose.

I remember when Zakaria was first appointed as CEO in April 2016, FGV share price rallied from the price of 1.40 to 2.50 within a span of 4 months!! And that was FGV under Isa as Chairman.

Now, Zakaria is reinstated and FGV is currently under a professional (not political) Chairman, Azhar things could be even better.

I expect these positives vibes surrounding FGV will continue to be played until the next GE14.
And by historical performance, this counter has potential to move up very high when the players (i.e funds/syndicate) are in it.

Question: How much FGV will be worth prior to GE14? Time will tell

Expected April 2018 if I recall the article in the Star correctly.

@focusinvestor

Indeed, with his prior experience, lets hope Azhar can turnaround FGV.

There are only 3 quarter results to deliver before GE14 which needs to be held by Aug 2018.

Interesting piece of info from thesundaily above:

1) earlier DI completed and recommendation submitted to MoF Inc even before Datuk Azhar appointed as Chairman

2) that means Chairmanship was still under TS Sulaiman when the recommendation was first made

3) why Mof Inc took so long to agree/ disagree with the recommendation?

4) Sudden appointment of Azhar as Chairman took the market by surprise. Even FGV board was caught off guard and in denial when the news first broke out.

5) If the recommendation already submitted, why Azhar need more time to finalize the report? Or could it be MoF Inc disagrees with earlier recommendation and assigned Azhar to look investigate further?

Looking at all this drama, the conspiracy theory suggested by Puad Zarkash that suggested those aligned with the previous Chairman (Isa) to bring down Zakaria may have its merit.

https://m.malaysiakini.com/news/388734

Hopefully, Azhar is the right guy to clear this mess and put all things back on track.

http://www.thestar.com.my/business/business-news/2017/10/04/political-element-appears-to-be-in-favour-of-zakaria/

Question: If appointment/dismissal of the CEO is the prerogative of our PM, doesnt the appointment of Azhar as the Chairman (instead of CEO) may have implied something on the fate of Zakaria?

And the DI announcement is a mere formality after all? Judging on the fate of 3 others, looks like we can roughly know what will happen to Zack?

I could be jumping the gun though.....

Whats your tought?

Btw, good closing today. Been more than 2 weeks closing below 1.70.