Fixed revenue + Increasing costs = Lost

Dude, they are not making a profit during high Brent price, don't dream about it. Their loss in the last QR is caused by the high overhead operating costs. Do you know how expensive it is right now just to run their ships carrying the bunker fuel?

This company impossible to die if it able to continue make quality gloves. People just underestimate how many gloves are used and disposed everyday. Can't recycle too due to contamination, so it's kinda dumb to say it will go bankrupt lmao.

Bro, if you work in these industries, whenever you enter the working spaces, you already need to wear gloves and dispose it once you left the space.

Selling also waned in Kanger for some days, why don't you go there to buy, scjm?

Haha, zhm540 knows the best haha, bad for country but good for this share price

Unless with random goreng, this rig company sure will stay around this price. It only has rigs, not oil fields.

Well, I told you so.
1) The revenue from the oil rigs is fixed as it is bound to contracts and doesn't depend on Brent price. Which company will keep modify rig rates every month just to reflect the Brent price? I don't think Petronas will do that. Contract modification and renewal take lots of time and money just on legal and administration fees alone.
2) Since the revenue is fixed, high Brent price only hurts the company by raising the cost of fuel consumption. Yes, I know that they installed all sorts of energy saving equipment, but the rigs still consume petroleum as fuel. So, revenue is big, but cost is still big to make the profit small.

Since the contract is fixed for quite a long period, why don't wait when Brent price drops? When Brent price drops, company's share price also will temporarily drop. With the contract kicking in giving revenue for years while having low fuel cost, the next QR after the drop and stabilization in Brent sure will be nice nice.

But this counter is definitely still a big nono. In my opinion, it's going down to 0.03 - 0.04 in due time

If BN wins GE22, then maybe Kanger will have time to shine hugging its AsetKayamas daddy.

All sorts of industries like semiconductor, petroleum and oil palm refining require PPE to handle hazardous chemicals. Good luck handling strong acids and alkaline with bare hands.

Hiss, hiss. People sometimes forget their favorite industries require lots of PPE. In this world full of social justice warriors, industries that don't give protection to their workers will face damnation.

Haha, guessed it correctly.

0.02 queue gone soon, trap is ahead

u wait for bn government to buy this company like they bought gpacket ba

No, not signal at all. All previous attempts are just gorengs and stock promotion. Director buy it to goreng then ran off lmao

Lmao, BN win, this counter also no move very sed, zahid son in law must be sad

GG, another set of private placements. Say bye bye to share price in these few months.

Yes, more contracts = more revenue. However, their costs are also high during high Brent price. So, they profit more during balanced oil demand where oil price is low enough but not low where it still benefits oil field owners like Petronas and they can hire rig and vessel companies.

You need to remember that oil rig companies in Malaysia like Velesto usually earn fixed revenue rather than royalties per gallon of oil like in US.

Erm, what you posted didn't deny what I said. The oil rigs still consume fuel, despite upgrades to make it more energy efficient. We do not have the technology to make oil rigs independent of oil, lmao.

Oil rigs also consume oil as fuel, where the high Brent price increase its production cost. If their contract only grant them a fixed revenue rather than oil & gas royalties, then Velesto can't exploit the current high Brent price too.

Endless cycle of mistakes.

Haha, next week stok 2 sen banyak lagi. Then, Good123 will act saint and say PasukGB's director should be jailed.

Not gonna lie, 0.08 coming soon with the buy queue so weak @0.085. All fake queues then disappear after few days.

Penakut123?

Cakap sendiri kah? Tidak beli satu unit pun, tetapi asyik panggil orang lain beli. hahahaha

Hnmm, today announce ESOS?

Haha, nanti buy @0.02 hilang lagi.

Don't listen to people and buy now. Wait oil price stabilize before you buy.

Haha, guessed it. 0.02 buy queue disappeared after just a single day.

if you are that great, make me silent la lmao

Lmao, you thought he recommend the stocks?

If you are looking out for agents, those users that share articles but rarely/never comments (not talking abt KYY) are the ones you should be hunting down for.

Admit defeat this time doesn't mean that you're entirely or always wrong. Only by doing so, you can grow. Sometimes, technical analysis on insider movements can really help.

If you think they are really powerful in controlling retailers' buy and sell, you are totally wrong lmao. What do they have? Volumes and volumes from retailers kept helping Kanger to push up the price, yet the Aset Kayamas families cut loss a long time ago.

MZM2511, you are only partly correct when it comes to whistlebower99 and gang.
Yes, they trash certain forums with spams and obvious announcements. They feed their ego by faking helping newbies with their "beneficial" advices.
However, they are correct when they say that certain companies like Kanger and Ageson are like cow dung.

Hello, Mr Colgate. Is Colgate having some promotion, I will buy some since some people in i3 Forums really need some nice toothpaste to brush their mouth.

I am uncle Koon and I highly recommend this stock.

BEST MOU PATTERN

1) Our company wished to announce that there is no material development for the MOU.
2) Our company wished to announce that both parties have terminated the MOU.

Haha, nanti semua retailer line up di 0.02 queue, sharks jual semua share.

For oil bunkering, this is definitely not the time to buy due to high oil prices. With fixed margin, high oil prices hurt FAST. Bunker vessels consume fuel too.

For solar sector, I have no comment as I am clueless about it, but it is only a small part of FAST.

FAST already sold their fasteners sector away. The only relevant industry left is their mold cleaning compound sector

Hahaha, fake writers putting fake information in fake articles.

Wait Russian-Ukraine War ends to decide.

Hope oil price drops to low price, then buy into oil bunker and O&G support counters. These period they can enjoy the low transportation costs while earning fixed premiums. So, balanced oil demand = win win.

Long ago, I predicted it will fall, that's why ask to profit first. Now, you can buy at cheaper rates after you profited.

Hnmm, maybe 0.02 fake queue, gone in days?

Haha, sell volume become 2 million again. Confirm plus chop left hand sell to right hand, dun buy.