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http://www.theedgemarkets.com/my/article/icon-offshore-seals-merger-deal-umw-og-0

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http://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

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http://www.thestar.com.my/business/business-news/2017/01/12/rsc-lease-of-life/

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most oil related stocks were heading north since last week.
scomi did moved up silently without much investors attention...
today is the best up-pick at the very last seconds at 0.130!!
surely with IJM as major share holder (hope you know how much they bought), nothing much to worry about to accumulate..
buy while it is still low!!
good luck.

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yes, more show tomorrow!!

http://www.thestar.com.my/business/business-news/2017/01/04/umw-oil-and-gas-gets-petronas-carigali-contract/

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http://www.thestar.com.my/business/business-news/2016/12/23/pnb-supports-umws-consolidation-plan/

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seemed like the trend heading south.
will find its next support level while awaiting for 4qtr result...

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yes, revisit its financial report.
u will see why it gives consistent quarterly dividend!
1.25 cents dividend, not easy to have such stock price at 0.525/0.530, yet near 52 wk bottom!.
be fair, in red for last 2 qtr with discounted abt 40% in share price!
try to work out, what % in dividend u get in a year? so much better than FD..
good luck!

it was all about the fear factors or pessimistic over 30 Nov's opec outcome that set in to push share price (not only knm but all oil counters) south on top of unfavorable qtr results. there are more doubts over production cut at the moment! I would rather go "wait and see what's next attitude's" to further average down my collection while keeping knm fundamental in the loop. what if opec turns "deal/no deal", what is the next support level gaping up/down? good luck!

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Not so bad, qtr result...
happy about it!
lets see what investors got to say tomorrow!!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5265261

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other than on-going "debt noise", investors worry abt upcoming qtr result after huge impairment last qtr. continuous heavy selling down is obvious this week. good luck!

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very healthy balance sheet - strong cash in hand (29c/share)/very low liabilities
maintain as last qtr the result - since revenues worked at usd ex rate 4.00-4.10 in 1st half 16
persistent in giving dividend - at least better than FD.
possible usd up to help coming revenue
possible ringgit down to lower operating cost.
good tie-up with fu yu / subsidiaries
will collect.more ONLY IF price down to the next support level.
good luck!

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result out.
not so bad (expected).
declare dividend as well..
at least not in red!

http://www.bursamalaysia.com/market/listed-companies/company-announcements/5256957

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yes, too much noises from opec/non-opec
many companies announcing qtr result this month...
some cut loss (sell), some buy down (buy), some wait and see (hold)
respect all decision/strategies of investors - we spent our own (no others) money!.
stay cool...

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http://www.cnbc.com/2016/10/27/oil-prices-dip-on-doubts-opec-can-coordinate-output-cut.html

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yes, good news!
oil price just nice at usd50 + contract now
let see what investors got to say on this tomorrow morning!

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http://www.theedgemarkets.com/my/article/bumi-armada%E2%80%99s-angola-fpso-vessel-track-delivery

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http://www.theedgemarkets.com/my/article/no-fresh-funds-ekuinas-putrajaya-2017-says-minister

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O! Dayang...
looks like heading to 90c...
if breaks that level, more selling pressure.
previous qtr PBT RM92m (best in 2015).
last qtr result soon out. Can it be better??
good luck!

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hope so
umwog just need to run the left over dragons with contracts!
today, looks like some BIG FISH supporting (to buy) at 0.850 while last minutes clearing up at 0.855
should be on track now after 82c...

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who are these operators keep pushing down dayang??
many small fish keep selling down for days!!

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yes, still collecting....

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Sorry, should read at "noting" not "nothing".
Million Apology!!

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sayangawak, grateful enough...UMW is helping up at least to ease.
That is worth nothing to hold on to UMWOG for next turnaround.

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Holding company keeps pumping in cash to help, but for how much/long?
Holding has other capital expenditure commitment as well!

Recap.....(published on 5Sep16 at the edge)

“It will be difficult for UMWOG to borrow to refinance its short-term debt because banks wouldn’t want to risk exposure to the sector. The only way to do it would be at the holding company level. Note that UMW has already advanced the oil and gas unit an inter-company loan this year,” observes an analyst.

"In total, UMWOG has RM2.26 billion of debt that is due this year. UMW’s fundraising is thus expected to help ease UMWOG’s financial stress."

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Thanks, goldentriangle
I am still holding this counter but "wait & see" very closely for further pick!.
Though oil price seemed to support at USD50, UMWOG needs to sort out is coming debts ( http://www.theedgemarkets.com/en/node/299805).
Just have to wait for next turn-around

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Oil price trending up to highest since Jul 15!
Just hoping for contracts award to move higher.

Write a comment...
Good news!
Oil break record high since July 2015!!
Lets see how far it goes...

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Yes, together with EPF coming back, the counter should moves today!!

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Hope it has bit of good show today....

http://www.cnbc.com/2016/10/18/oil-rises-on-reported-us-crude-inventory-draw-expected-opec-cut.html

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how like that, everyday drop?

Write a comment...
hope epf smell the right happening instead of several huge withdrawal continuously in Oct 16!!

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"The debt papers in concern were a three-year sukuk murabahah of RM170mil issued in 2013 with a profit rate of 7% per year."

http://www.thestar.com.my/business/business-news/2016/10/15/focus-shifts-to-thhe-sukuk/

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possible reasons for epf/amanah withdrawal..

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yes, some good show today
most oil counters up today
see tonight how's oil movement.
all the best

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icon in struggling

http://www.theedgemarkets.com/my/article/ekuinas-navigates-exit-strategy-snag

http://www.thestar.com.my/business/business-news/2016/10/10/knm-secures-loans-for-thai-unit-johor-rapid/

Brent Oil 53.72 +1.79 +3.45%

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a good show tomorrow!!
Brent Oil 53.72 +1.79 +3.45%

http://www.reuters.com/article/us-global-oil-idUSKCN12A00S

a good show tomorrow!!

http://www.reuters.com/article/us-global-oil-idUSKCN12A00S

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a good show tomorrow!!

http://www.reuters.com/article/us-global-oil-idUSKCN12A00S

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epf coming back!

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most of the time, many take epf movement as proxy to stock price.
sometime, they come and go, even on the same day, for some stocks
i guess they hope for some capital gain too.
not surprise, when low, they will come back...
read this....http://www.thestar.com.my/business/marketwatch/shareholding-changes/

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correctly spelled out on risk factors on all oil counters today be it big or small
Many investors today are not in favor of oi counters..
if low oil price continues into 2017, it may not look good even for GLC
importantly (1) oil price MUST goes up (2) wining more contracts
As investors, we have our ways looking at today's oil counters from all angles.
Keep reading latest news...
Good Luck!

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yes, UMWOG >50% owned by UMW Holdings.
again, observe who are the shareholders of UMW Holdings.
they will come in...

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observe who are the shareholders of UMWOG.
Hope they will do something to turnaround...
I am still hoping and collecting but downward...
Good luck to me..

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Hope it helps Dayang tomorrow...

http://www.thestar.com.my/business/business-news/2016/10/04/perdana-petroleum-wins-rm67mil-charter-contract-from-petronas/

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so far so good...

http://www.reuters.com/article/us-global-oil-idUSKCN12303O

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Any ideas why EPF made continuous withdrawal?

http://www.thestar.com.my/business/marketwatch/stocks/?qcounter=ARMADA

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5243 (UMWOG °)
DJ UMW Oil & Gas Well Positioned to Win Petronas Contracts -- Market Talk
26-09-2016 06:16:00


0616 GMT (Dow Jones) CIMB resumes coverage of UMW Oil & Gas (5243.KU) and upgrades the stock to a hold rating from reduce, saying the firm stands a good chance of winning contracts from national oil company Petronas. The broker also increases the target price for the oil and gas services provider to 0.99 ringgit from MYR0.38 ringgit previously. "Our sources indicate that Petronas is planning to award at least eight drilling contracts in 2017," said CIMB. UMW Oil & Gas is the largest domestic owner of jack-up rigs. The stock is down 1.12% to MYR0.88 versus the local benchmark stock index's 0.15% drop. (celine.fernandez@wsj.com)


Editor JSM


(END) Dow Jones Newswires

September 26, 2016 02:16 ET (06:16 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.


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