news its in the sun... pure genuine buyer.... expecting profit in 2014 and right issue... 1 to 1 basis... read it to believe it.

yes.... i will say, perhaps above 0.30>,,, but is always best to trade wisely...

depends on your holding power and perspective

testing 0.30 cents again.... go go go

will rocket...

will touch 0.20 above...thats wat yanyana say....

any news???

is the financial report out? looks like alot of buying

yes...good to buy.

ex date 4th December, Entitlement 6th December, 2cents

yeas.... accumulation time... paying dividend as well...

Yo shafizi.... gila gempak charting kau....

ada chance...

how to bother, yanyana is bursa...she speaks as though she knows everthing is so perfect....wahahahahhaa

agree...

eh eleh.... syafizi.... pRoYo...

mane 20cents kau???? kalo x sure jgn main post je....

yea....where is yanyana???? confident gila babi.... mana dia???

try connect and PTB la.... ade potential...

its flying d.... wait and see...

people panic ma... if ppl selling sure drop lo..

support created at 0.64, so should be good.

lots of taking in 0.15.... engine warming up???

can buy now...

today up...

technically looks good... just wait for a rebound...

i guess yanyana sold off her postiton at 0.185....

so yanyana... did u buy again at this level?

any chance of heading north again???
Any technical sifu could assist, not really good with this TA stuff.

tomorrow will fly....

Barakah Offshore Petroleum, which is listing on 6 November, announced
3QFY13 net profit in line with our estimate. We are encouraged with the
company’s prospects, underpinned by stable income from its pipeline
commissioning and hook-up commissioning businesses, and potential
victory in its Pan-Malaysia’s T&I tender. Maintain BUY and target price of
RM1.00, pegged to 13x FY15F PE.
Results
Year to 30 Sep 3QFY13 3QFY12 yoy % 9MFY13 9MFY12 yoy %
(RMm) chg chg
Turnover 57.7 37.1 55.7 211.8 150.7 40.5
Pipeline
Commissioning
53.5 29.2 83.3 131.7 99.6 32.3
T&I and others 4.2 7.9 (46.4) 80.1 51.2 56.5
COGS (33.5) (25.0) 34.3 (129.3) (103.2) 25.2
EBITDA 16.6 5.3 212.5 63.7 30.0 112.5
Operating profit 12.1 3.1 286.2 50.2 25.7 95.8
Pre-Tax Profit 7.2 3.1 131.9 35.9 25.2 42.3
Tax (1.8) (2.0) (10.9) (5.5) (6.0) (9.2)
Core net profit 5.4 1.1 394.5 30.5 19.2 58.3
EBITDA margin (%) 28.8 14.3 30.1 19.9
EBIT margin (%) 21.0 8.5 23.7 17.0
PBT Margin (%) 12.4 8.3 16.9 16.7
Net Margin (%) 9.3 2.9 14.4 12.8
Source: Barakah, UOB Kay Hian
 Results within expectations. Barakah Offshore Petroleum
(Barakah) posted a net profit of RM5.4m for 3QFY13 (+395% yoy).
9M13 net profit of RM30.5m (+58.3% yoy) represents 79.6% of our
full-year forecast of RM38.2m. The surge in 9M13 net profit was
mainly contributed by the newly-introduced chartering income of
KL101 as well as higher contribution from its transportation &
installation (T&I) segment.
 Pipeline commissioning works dominated 3QFY13 earnings. In
terms of segmental mix, the commissioning business contributed to
92.7% of 3QFY13 turnover (3QFY12: 78.7%) as most of the works
completed during the quarter were from pipeline projects. However,
for 9MFY13, commissioning works contributed only 62.2% of total
turnover as more T&I jobs were completed in 1HFY13. Note that as
a sub-contractor, T&I projects could contribute to lumpy earnings in a
particular quarter.
 From FY14, we expect earnings from the T&I and hook-up &
commissioning (HUC) businesses to supersede its pipeline
commissioning business, underpinned by its recently secured
RM500m 5-year HUC contract and a potential T&I contract win from
its Pan-Malaysia bid.

Barakah Offshore Petroleum Bhd (Barakah), en-route for a listing on 6 Nov-13 from the RTO exercise, is another upstream oil & gas company to watch. We are projecting a 3-year net profit CAGR of 30.1%, underpinned by its: (i) existing RM500m HUC backlog; (ii) continued positive market share in the commissioning segment which accounted for c.70% of its total FY12 revenue, and (iii) increased subcontract work in the T&I space. Further catalysts to the stock is if it: (i) successfully secures some contracts via its joint-venture partner in the Gulf region; and (ii) manages to secure a direct contract for the Pan Malaysia T&I contract that is expected to be dished out by 1Q2014. We are initiating coverage of Barakah with an OUTPERFORM rating and target price of RM1.03/share, based on fully-diluted CY15 PER of 12x. Our target PER is at a 15% discount to its peers’ (Alam and Perisai) 14x due to its smaller asset base (it currently owns only one pipelay support vessel). This implies a 58% upside from the IPO price of RM0.65/share. We highlight that our current TP is based on a conservative viewpoint. Assuming Barakah manages to secure a whole package of the Pan Malaysia’s T&I, it would be valued at a much higher valuation of RM2.63/share.

can buy now.... lot of dumping and buying at the same time... 0.98-0.99 best price for today

finger cross..hope for a good movement.

quater report preety awesome...dont understand why ppl wanna dumb the share.

Barakah Offshore Petroleum Bhd (Barakah), en-route for a listing on 6 Nov-13 from the RTO exercise, is another upstream oil & gas company to watch. We are projecting a 3-year net profit CAGR of 30.1%, underpinned by its: (i) existing RM500m HUC backlog; (ii) continued positive market share in the commissioning segment which accounted for c.70% of its total FY12 revenue, and (iii) increased subcontract work in the T&I space. Further catalysts to the stock is if it: (i) successfully secures some contracts via its joint-venture partner in the Gulf region; and (ii) manages to secure a direct contract for the Pan Malaysia T&I contract that is expected to be dished out by 1Q2014. We are initiating coverage of Barakah with an OUTPERFORM rating and target price of RM1.03/share, based on fully-diluted CY15 PER of 12x. Our target PER is at a 15% discount to its peers’ (Alam and Perisai) 14x due to its smaller asset base (it currently owns only one pipelay support vessel). This implies a 58% upside from the IPO price of RM0.65/share. We highlight that our current TP is based on a conservative viewpoint. Assuming Barakah manages to secure a whole package of the Pan Malaysia’s T&I, it would be valued at a much higher valuation of RM2.63/share.

i agree with unclez.... by q1 2014, ock will be in the main market....more on upside rather than downside.

hope it could sustain at this level...

agree with papaya. Boat's engine is about to start.

buy buy buy.... will shoot up above 0.60

good....

Finger Cross... lets watch the game ...

moving already... broke 1.50.... ready to fly

triple profit.... FV 1.50

Thematic: Water Pipes - New Opportunities Beckon


We have identified two companies that may potentially benefit from the growing demand for water pipes in Malaysia - Engtex Group (ENGT) and Hiap Teck Venture (HTVB). These leading Malaysian pipe makers will be able to beef up their utilisation rates to meet the expected increase in demand for their products. Our FV for ENGT is MYR2.00 (NR) while we upgrade HTVB to BUY, with a MYR0.97 FV.

up up up

i guess big news coming...

coming soon.... be prepare...

still safe to enter?

2nd half of trading may be mvg up.... finger cross