Beware , anybody catching the knife will be instant death due to the gravity of the depth.

Everyone be caution when investing at this very unstable moment. If you have reserve cash to invest , i suggest wait for some recovery phase(globally and nation) . China, US & European market going down so drastically. Oil price also the same. A wise investor will wait patiently. Some investors will say keep on buying cause our market will recover "in the blink of an eye" and price will shoot high immediately thereafter.. please lah,,, WAKE-UP and face the reality, just because you are stuck with your huge capital don't use others as your scapegoat. NO matter what, market will not stay downtrend forever. Invest wisely when there is an indication of a recovery phase and market started to move uptrend consistently.

Q report by today or tomorrow i guest.

Also i believe those on margin call will also start to get wiped out by 2 days time, so again "Never catch a falling knife" and patience is a virtue. If you are on a margin investment account , do not invest more than 60% of your margin value in future.

When it comes to investing, patience is a virtue.

"Never catch a falling knife". We are unsure of the current political move. Today(by this week) all the contra players will be wiped out for once. We have to wait and be patience for the next political move and to invest when everything start to stabilize which may take 1 month from now or sooner. Lets wait and see. my 2 cents opinion.

Dayang is still a good long term investment counter... QoQ down 27% , YoY down 20%
however Annual growth recorded at 44% vs 2019 results... but the current selling price has been over stated, sure will see a sharp curve price adjustment next week. I will only reinvest after Q1 2020 results (end of May) based on historical data downturn is expected every Q1 due to monsoon season. My 2 cents comment.

QoQ down 27% and 20% YoY...

Dayang quarter report 20 % down...

Perdana currently projecting downtrend due to bad Q result.

Today Dayang Quarter results...

Next will be Uzma to shoot high. Expected 27Feb for their Q2 rpt to be out and as mentioned by their MD this year will be their highest year.

Next will be Uzma to shoot high. 27Feb Q rpt out

Carimin is shooting high. Quarter 2 results ended very good .

Will Carimin Quarter report be out by today? let's wait n see today 6pm

https://www.thestar.com.my/business/business-news/2020/02/05/carimin-petroleum

Why buying Dayang @ 2.80 when "There Are Plenty More Fish In The Sea" . I will wait for 2.66 to buyback Dayang. Currently Carimin , UZMA , Johortin , Teoseng at very low price and high returns.

Teoseng(7252) selling low at 1.09, currently 2019 Q1-Q3 already above YTD 2018 with that said wait till the Q4 announcement soon 19th - 21st Feb

Same for UZMA selling at low , EPF still holding 7.8% and sold 0.8% since last 2 weeks to push the price down. Expecting them to Buy back when price is at the lowest(current) before Uzma's Quarter results which is around 26th - 28th Feb.

Chung , I don't need to prove to anyone and i am not trying to convince anyone in here.. its just my 2cents comment. FYI, I will not buy Dayang for now since its already at high price. I already made my profit when i sold 2 weeks ago.

I will only buy Dayang if it goes down to 2.66(which may not).

Johortin(7167) price is at very low currently and as of Q3 they are on par with YTD 2018 Revenue & NP. Same goes for Carimin(5257) too.

Going Down ....Don't catch the falling knife. Remember China market will reopen on next Monday.

WHO to reconsider declaring global emergency as China virus evacuations begin

https://www.thestar.com.my/news/regional/2020/01/30/who-to-reconsider-declaring-global-emergency-as-china-virus-evacuations-begin

I don't understand why people keep on buying Dayang for now. As for me , I WILL NOT buy at this price not only Dayang but any other shares. FYI, with China market being closed for the week . I rather wait till Monday 3rd Feb for China market to reopen. I am very sure once China market reopens, everyone will be rushing to sell and take out their money ASAP.

Bought at 1.42 , Sold at 2.87 ... Happy CNY everyone.

sold Dayang 70k at 2.87 , 2.86 and 2.85 ... wait till drop tomorrow, T+2 :)

Uzma share price going to skyrocket soon.

UZMA MATERIAL LITIGATION

As announced on 30 October 2019, Uzma Engineering Sdn. Bhd. (“UESB”), a wholly owned
subsidiary of the Group had filed a Writ and Statement of Claim in Kuala Lumpur High Court
to commence legal action against Khan Co. Ltd (“Khan”) and Kong Offshore Malaysia Sdn.
Bhd. (“Kong”) on 29 October 2019 amounting to approximately RM 63 million.

###The case management is on 4 December 2019.

(xi) As announced on 19 March 2019 and 20 March 2019, MMSVS Group Holdings Co.,
Ltd (“MMSVS”), a wholly owned subsidiary of the Group had been awarded a
contract for the Provision of Onshore Hydraulic Workover Services (340K) for
PTTEP International Limited, PTTEP Siam Limited and PTTEP SP Limited. The
tenure of the contract is three (3) years from 1 March 2019 to 30 June 2022 with a
maximum extension option of one (1) year. The Group expects the contract to
contribute positively to its future earnings by taken into the consideration of
execution risk associated with the contract.

#Please read their latest 1Q20 Financial Notes

16. PROSPECTS AND PROGRESS TO ACHIEVE FORECAST FOR NEXT FINANCIAL YEAR
Barring any unforeseen circumstances, the Directors remain optimistic with the Group’s
prospects for next financial year, based on the positive developments of the Company specific
in YTD 2020 as follows:
(i) As announced on 10 July 2015, UESB was awarded by PETRONAS Carigali Sdn
Bhd (“PCSB”) with a contract for Leasing, Operation and Maintenance of the D18
Water Injection Facility for PCSB. The contract value is estimated at RM350 million
to RM400 million. The duration of the contract is for 5 years leasing period effective
from October 2016.
(ii) As announced on 6 February 2017, UESB was awarded by PETRONAS Carigali Sdn
Bhd with an Umbrella Contract for the Provision of Electric Wireline Logging
(EWL). The contract will run for a duration of 3 years, commencing from 1
December 2016 to 30 December 2019, with two extension options of 1 year each for
Cased Hole Logging Services across the Pan Malaysia area. Upon issuance of
specific work order, the Company expects the contract to contribute positively to its
future earnings.
(iii) As announced on 9 January 2018, UESB was awarded by PETRONAS Carigali Sdn
Bhd three (3) umbrella contracts for the provision of electrical submersible pump
(“ESP”) and services for PCSB as follows:-
(a) Supply of Joineted Tubing ESP and the Deployments;
(b) Supply of Coiled Tubing ESP and the Deployment; and
(c) Surveillance, Monitoring and Maintenance of ESP.
The tenure of the contract is three years from 20 November 2017 to 19 November
2020 with first extension option of one (1) year. Upon issuance of specific work
order, the Group expects the contract to contribute positively to its future earnings.
(iv) As announced on 17 January 2018, UESB was awarded by PETRONAS Carigali Sdn
Bhd for the provision of Hydraulic Workover Unit (“HWU”) – “Ghazi 461” from 28
December 2017 until completion of three (3) firm well with extension option of a
further six (6) wells. Upon issuance of specific work order, the Group expects the
contract to contribute positively to its future earnings.
(v) As announced on 1 March 2018, UESB was awarded by PETRONAS Carigali Sdn
Bhd for an umbrella contract for the Provision of 150K, 225K and 460K Drilling of
Hydraulic Workover Unit (HWU). The tenure of the Umbrella Contract is three (3)
years from 6 February 2018 to 5 February 2021 with an extension option period of
one (1) year. Upon issuance of specific work order, the Group expects the contract to
contribute positively to its future earnings.
(vi) As announced on 27 April 2018, UESB was awarded by PETRONAS Carigali Sdn
Bhd for an umbrella contract for the Provision of Well Abandonment Integrated
Services. The tenure of the Umbrella Contract is two (2) years from 29 March 2018
to 29 March 2020 with an extension option period of one (1) year. Upon issuance of
specific work order, the Group expects the contract to contribute positively to its
future earnings.
(vii) As announced on 25 July 2018, UESB was awarded by PETRONAS Carigali Sdn
Bhd for an umbrella contract for the Provision of Drilling Fluids and Associated
Services. The tenure of the Umbrella Contract is five (5) years from 30 May 2018 to
30 May 2023. Upon issuance of specific work order, the Group expects the contract
to contribute positively to its future earnings.
(viii) As announced on 7 August 2018 and 8 August 2018, UESB was awarded by
PETRONAS Carigali Sdn Bhd a work order for the Provision of Well Abandonment
Integrated Services for Pulai-A (“the Work Order”). The tenure of the Work Order is
from 2 July 2018 until the completion of 22 firm wells which is estimated to be
within the next 12 months. The Group expects the Work Order to contribute
positively to its future earnings.
(ix) As announced on 29 January 2019 and 31 January 2019, Uzma completed the
proposed acquisition in accordance with the terms and conditions of the share sale
agreement to acquire additional 15% equity interest in SVP. The acquisition is which
resulting SVP becoming a subsidiary to Uzma’s Group and expected to contribute
positively to the Group’s future earnings.
(x) As announced on 14 March 2019, PT Cougar Drilling Solution Indonesia
(“PTCDSI”), 90.25% fellow subsidiary of Uzma had been awarded a contract for the
Provision of Directional Drilling Services for PT Pertamina Hulu Energi Onshore
West Java (“PHE-ONWJ”). The tenure of the contract is two (2) years from 25
February 2019 to 25 February 2021 with an extension option subject to the approval
of SKK MIGAS, an institution established by the Indonesia government to manage
upstream oil and gas business activities. The execution of contract is depending on
work orders to be issued to PTCDSI from time to time at the discretion of PHEONWJ. Hence, any delay in issuing work orders will lead to delay in revenue
recognition. The Group expects the contract to contribute positively to its future
earnings by taken into the consideration of risk associat

malaysia ppl are more speculative type...please look into long term investment...you get solid returns and nothing to worry casue the company's proven track record and historical growth...

For me I bought lionind at one0.97 and n shares spilt between my wife , my son180k units...I am dare to invest another RM1.2m worth lionind shares on 3rd of Sept cause I know there will be profit for the next FY...overall company had a huge profit YoY ONLY speculator are following Q2Q but real investor follow Final YoY...

Ping Petroleum Limited, an associate company of Dagang NeXchange Berhad (DNeX), has been awarded two licences in the UK Central North Sea.

The approval was given by the Oil and Gas Authority of the United Kingdom to Ping’s wholly-owned subsidiary company Ping Petroleum UK Limited (Ping UK) who has partnered with two established oil and gas companies in the United Kingdom namely Summit Petroleum Ltd and Azinor Catalyst Limited on these licences.

The first licence is block 22/14C where Ping has a 50% working interest with Summit Petroleum Ltd, and which contains several low risk exploration prospects proximal to nearby infrastructure.

The second licence is for blocks 15/17C and 15/18C, where Ping has a 50% working interest with Azinor Catalyst, and contains an oil discovery with potential for future development.

“These three blocks add significant breadth in diversity to Ping’s existing portfolio in the United Kingdom. Ping aspires to be an exploration and production (E&P) company with a balanced portfolio of brownfield matured assets as well as exploration and greenfield development assets", said DNeX Group Managing Director Zainal Abidin Jalil in a statement today.

He said these blocks can reinforce Ping’s strategy to maximise economic development through synergies with operators of neighbouring assets or nearby undeveloped fields to unlock mutual value in these assets.

“Our acquisition into Ping has continued to generate positive results in generating profitability and improvement of DNeX’s earning resiliency as well as provided us with the opportunity to gather the necessary expertise and track record of being an upstream oil and gas player via Ping,” he added.

DNeX's share price closed unchanged at 41 sen with some 7.07 million shares changing hands.

http://m.thesundaily.my/node/557252

very unlikely to hit 1.34

Not to worry ...market still very volatile due to US market..

buy back at 1.27

just sold 70K at 1.32

Waiting for another 150k @ 1.23

This is the best time to buy. May go lower till 1.22 but I don't want to miss the boat. I am looking for a long term investment . Gadang seems to showing a strong positive trend for the past 4 months.

Just bought 200,000 unit at 1.24

TRC and Gadang to look out for

KUALA LUMPUR (March 10): Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has awarded work packages worth a total of RM2.74 billion to four companies for the MRT2 construction.

The companies are Trans Resources Corporation Sdn Bhd, Gadang Engineering (M) Sdn Bhd, Acre Works Sdn Bhd, Sunway Construction Sdn Bhd, MRT Corp said in a statement.

Gadang Engineering, a unit of Main Market-listed Gadang Holdings Bhd, bagged the highest value contract package worth RM952.09 million. This is for the construction of a viaduct guideway and other associated works from Serdang Raya to Universiti Putra Malaysia.

Trans Resources, meanwhile, has been given the responsibility of constructing a viaduct guideway and other associated works from Kampung Muhibbah to Serdang Raya worth RM858.18 million. Trans Resources is a unit of TRC Synergy Bhd, which is controlled by its founder Tan Sri Sufri Mohd Zin.

Acre Works received the third work package worth RM715.99 million, in which it is expected to complete a viaduct guideway and other associated works from Persiaran Alpinia to Persiaran APEC.

Acre Works’ executive chairman Datuk Idrose Mohamed was formerly the chief executive officer at the then Syarikat Prasarana Negara Bhd (now Prasarana Malaysia Bhd) and also Pos Malaysia Bhd.

As for Sunway Construction — part of Sunway Construction Group Bhd — it was awarded a RM212.3 million job to build elevated stations and other associated works at Damansara Damai, Sri Damansara West and Sri Damansara East.

This is in addition to Sunway Construction’s current job of building the elevated guideway from Sungai Buloh to Persiaran Dagang, Sri Damansara for the MRT2 line, and also building the elevated viaduct for from Section 17, Petaling Jaya to the Semantan Portal for the MRT1 line.

“I wish to welcome them back to the MRT project. Their experience working on the (MRT1) Line will be invaluable, as they have would have many lessons learnt. I believe this will enable them to give their best and perform well for the (MRT2) project,” MRT Corp chief executive officer Datuk Seri Shahril Mokhtar said in the statement.

Shahril added all four winning tenderers were selected on the basis of the best evaluated tender, where the tenders were evaluated on their technical, commercial, legal, financial and Industrial Collaboration Programme (ICP) evaluation.

MRT2, also known as the of the Sungai Buloh-Serdang-Putrajaya (SSP) Line, is 52.5km long and is expected to be fully operational by the second quarter of 2022, with average daily ridership of 529,000 passengers.

TRC Synergy’s share price closed 0.5 sen or 1.06% higher at 47.5 sen today, giving it a market capitalisation of RM228.24 million.

Gadang ended its trade 4 sen or 3.28% higher at RM1.26 today, for a market capitalisation of RM818.26 million.

Sunway Construction meanwhile closed 4 sen or 2.34% higher at RM1.75, valuing the group at RM2.26 billion.

If you based on future along you are being a speculator, a wise investor will also look into historical trend and the future business undertaking to understand the Co's strength.

Tekseng moving up now another undervalued counter compared to Gadang which seems to be looking at clear water at the moment with a caution note.

Good Investment for long term , Q2Q report not good for the last Q but then again overall ended with higher profit %. Bought at 0.635 still under valued .

keke haha mkme75 sifu, u sold too early lah, said wan to buy back at 110, now beh tahan liao want to beli at 115 ah? water skin la u.
06/03/2017 15:48
___________________________________________________________________________
My friend in trading we have someone gaining and someone suffer the loss, I made 40k+ from Gadang and pulled out when the price was good at 1.15 and again I think there will be a downtrend soon and I don't expect it to go down below 1.15 so I strategies my move to 1.15 if it further shows a downtrend I will again buy at 1.10. As I said earlier Gadang is still under valued and I don't mind keeping my investment locked(if stuck due to downtrend) for long term if i have the confident in a company i invest.

Look so dangerous, all small fly's will be squashed soon once the big fells pull out.I plan to buy at 1.15 once down. Good Luck All.

I am buying back at 1.10 ,set good till next week . Gadang will go down again.

mkme75 : Do look at long term investment gains. Gadang price is still under valued I bought at the lowest 0.892 x 190,000 = $169,480 and now its 1.130 x 190,000 = $214,700 Gain of 45,220 within few months. I am still holding till 1.25 to sell , cut loss set at 1.100 if prove to be at down trend.
21/02/2017 16:24
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Not taking any more risk , will be selling all at 1.15 .

Do look at long term investment gains. Gadang price is still under valued I bought at the lowest 0.892 x 190,000 = $169,480 and now its 1.130 x 190,000 = $214,700 Gain of 45,220 within few months. I am still holding till 1.25 to sell , cut loss set at 1.100 if prove to be at down trend.

mkme75 Gadang's PEG Ratio = 0.18 is at the lowest to invest for long term returns. Only those speculative investors are making the move to sell.
08/02/2017 09:37

Gadang will be moving uptrend