http://www.theedgemarkets.com/my/article/icon-offshore-take-delivery-new-awb-ahead-1qfy17

Maintain buy call with an unchanged target price of 42 sen: The offshore support vessel (OSV) market generally remains soft. The daily charter rate (DCR) is softening, but utilisation is strengthening.

Icon Offshore Bhd will take delivery of a new accommodation workboat (AWB) ahead of the first quarter of the financial year ending Dec 31, 2017 (1QFY17) schedule, driving expectations of securing a charter.

It also managed to defer some principal debt repayments by three years, a positive to its cash flow. There are no firm mergers and acquisitions for now, although Icon Offshore is expected to be at the forefront of OSV consolidation activity in Malaysia.

Maybe EPF is not really selling BUT transferred to SOMEONE account.
Because that SOMEONE agreed to accumulate at this low price and keep for future personal gain and sell back to EPF.
That how so many multi millionaire create legally.

Very obvious someone is collecting, always before close, that person will eat all in big volume

KUALA LUMPUR: Despite the soft offshore support vehicles (OSV) market, Icon Offshore Bhd’s average OSV utilisation is set to improve in the third quarter (Q3) of this year.

http://www.thestar.com.my/business/business-news/2016/09/07/icon-offshore-utilisation-to-improve/

onetonneman........do u still have any ALAM share ?

OPEC is a group of stupid people.

It's bad to have WAR.
But WAR in oil country can push oil price to sky.
Just hit the oil field but don't kill people.

If u cannot pick up and going for contra,
please don't buy ALAM.
Alam is for long term investment.

if u sell now at RM0.275, u will cry next year.
Expect oil price can hit US$60 next year. Alam can go back to RM0.60

Result should be good. Next year target RM1.00

Based on the recent trading volume, someone is accumulating.
Company won't go B'krupt, Still got a lot of Cash in hand.
Net tangible asset RM0.94.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5185729

NTA : RM0.94
Current price RM0.285
Cheap sales

Better go private with NTA price RM1.45.

Mokhzani Mahathir & Datuk Yeow Kheng Chew is NOT the directors of SKPetro and they are not the major share holder of SKPetro.
So there is no problem with SKPetro.

Mokhzani Mahathir & Datuk Yeow Kheng Chew is more the directors of SKPetro and they are not the major share holder of SKPetro.
So there is no problem with SKPetro.

http://www.theedgemarkets.com/my/article/sapurakencana-enters-europe-rm510m-job-win

2 new contracts in a row.

another new award

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5160677

The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that its wholly-owned subsidiary company, SapuraKencana TL Offshore Sdn Bhd (“SKTLO”), has been awarded a contract with a value of approximately USD 125.9 million (approximately RM 510 million, based on USD/MYR exchange rate of USD1: RM4.06).

Anyone got friend working in ICON ?
We would like to know Q2'16 financial result.....Good and bad

Anyone got friend working in ALAM ?
We would like to know Q2'16 financial result.....Good and bad

KUALA LUMPUR: PublicInvest Research is keeping its Outperform call for pipe coatings specialist Wah Seong Corp with a target price of 94 sen after its unit secured another project worth US$18.2mil (RM73.9mil).

http://www.thestar.com.my/business/business-news/2016/07/25/publicinvest-research-keeps-wah-seong-as-outperform/

PETALING JAYA: Maybank Investment Research has maintained its Buy call on SapuraKencana Petroleum (SKP) with a target price of RM1.60, it said in a note yesterday.
It views the cessation of Berantai Risk Service Contract (RSC) positively as SKP will receive a full lump sum payment upfront in financial year 2018, which is estimated to be RM1.6bil or 27 sen a share.

http://www.thestar.com.my/business/business-news/2016/07/12/maybank-keeps-buy-call-on-sapurakencana/

When is the Ex date for ESOS ?
Alam can only go up after the Ex date.
Employee want to buy cheap.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

SINGAPORE (July 7): Ernst & Young’s recent survey “Capitalizing on opportunities: Private equity investment in oil and gas” found that 43% of the 100 private equity (PE) firms surveyed were planning acquisitions in the oil & gas sector for the first half year period of 2017.

That is up from the 25% figure before the end of 2016.

EY noted that favourable asset valuations and oil price consensus were among the main reasons for the planned acquisitions.

Furthermore, all of the respondents expected the Asia-Pacific region to see higher buyout activity in 2017, given lower costs, ease of doing business, and general macroeconomic growth which was drawing investors to the region.

44% of respondents were also in favour of the upstream or the midstream sectors for the best return on investment.

DBS analyst Ho Pei Hwa observed that the increased PE activity would make the upstream O&G segment more attractive to investors “if one believes that oil prices will recover further”.

“However, we would like to see more non-PE driven M&A activity, especially in the services segment, as that would more likely help spark a rationalisation of assets and capacity,” she writes in a note on Monday.

Next year have own Gas field and selling Gas.
Later plan to have own Oil rigs selling oil to petronas.

SKPetro NTA (net tangible Asset) = RM1.98

undervalue stock.

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5134329

Q1 2016 Profit = RM 110,311,000.00

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5134357

OTHERS SAPURAKENCANA PETROLEUM BERHAD AWARD OF NEW CONTRACTS AND EXTENSION OF CONTRACTS
The Board of Directors of SapuraKencana Petroleum Berhad (“SapuraKencana” or “Company”) (“Board”) is pleased to announce that wholly-owned subsidiary companies within the SapuraKencana Group have been awarded new contracts and contract extensions with a combined value of approximately USD125 million (approximately RM513 million, based on USD/MYR exchange rate of USD1: RM4.09).

Result not bad consider most of the oil of gas company losing money.
Still Profit.
Net tangible Asset = RM1.98

cooling......how do u know the result ?
u got insider news ?

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5121741

Barakah Offshore Petroleum Berhad ("Barakah" or the “Company") is pleased to announce that its wholly-owned subsidiary company, PBJV Group Sdn Bhd (“PBJV”) has received the Letter of Award from Murphy Sarawak Oil Co Ltd, Murphy Sabah Oil Co Ltd and Murphy Peninsular Malaysia Oil Co Ltd (collectively referred to as “Murphy”), for an umbrella contract for the provision of welding services for drilling and subsea program (“Contract”).

They ask u to sell so that they could buy cheaper.

KUALA LUMPUR (June 10): Hong Leong IB Research said Icon Offshore Bhd’s prices jumped 4% to 39 sen from year-to-date (YTD) low of 35 sen, accompanied by huge volume of 11 million shares and downtrend resistance breakout.

In a trading idea note today, the research house said it expects prices to climb higher towards 40.5 sen-41.5 sen in the near term before testing long term price target of 45.5 sen, as sentiment is boosted by recent rally in oil prices, expectations of strong core earnings CAGR growth of 50% from 2015-2018 and optimism that the new MD Amir Hamzah Azizan (top executive from Petronas) is able to restructure, rejuvenate and eliminate past negative perception of Icon.

http://www.theedgemarkets.com/my/article/icon-prices-climb-higher-towards-405-sen-415-sen-near-term-says-hlib-research

http://www.cnbc.com/2016/06/08/crude-prices-this-chart-says-oil-could-hit-60--and-fast.html

http://www.cnbc.com/2016/06/08/crude-prices-this-chart-says-oil-could-hit-60--and-fast.html

http://www.theedgemarkets.com/my/article/og-firms-quest-reduce-operating-cost

maintain our “buy” recommendations on SapuraKencana (buy, target price [TP]: RM2.72), Gas Malaysia (buy, TP: RM2.92) and KNM (buy, TP: 59 sen)

If 1 day there is a WAR between OPEC countries or ISIS, Oil rig destroy. Then oil may even hit US$200. Only GOD know.

http://www.thestar.com.my/business/business-news/2016/06/08/midf-research-positive-on-sapken-gas-malaysia-knm/

It has a buy on SapKen with a target price RM2.72, Gas Malaysia (RM2.92) and KNM Group (59 sen).

http://www.cnbc.com/2016/06/07/oil-going-to-60-companies-to-start-spending-again-oil-ceos.html

Oil going to $60, companies to start spending again: Oil CEOs