I don't think that is the awarded contract.
Barakah is in T.I. tender NOT jack-up rig that you shared. U totally got it wrong.

Hopeful result will out soon .. good or bad ..

Everyone is eagerly waiting for the result for months...

Last CEO Syed Abdul Rahim Syed Jaafar spoke:

He mentioned the company is eager to hear from Saudi Aramco.
“We’re expecting to hear from them in regard to the project in August, latest in September. Then we will decide on our next step,” he said.

The RM3.26 billion project, of which Barakah is one of the three shortlisted companies, comprises transport and installation works, hook-up commissioning and pipeline commissioning works on a call-out basis.

UOB Kayhian Research in January noted that if Barakah wins the tender, it would only impact its earnings in the second half of financial year 2015 and boost its bottom line by RM25 million, with an assumed 10 per cent net margin.

Source:
http://www2.nst.com.my/business/nation/barakah-to-know-result-of-us-1b-saudi-tender-in-aug-1.588325

Sleeping dragon waking up from deep sleep? opening eyes only .. not yet move his body and legs ..

Still advocate to buy at this cheap valuation, buy with no fear. Keep buying.. Good news will emerge soon!

Better second half expected for O&G players
Written by UOB Kay Hian
Mon Sep 08 2014 10:32:51 am
Oil and gas sector

Maintain overweight: It was a mixed set of results for the first half of 2014 (1H14). Half of the oil and gas (O&G) companies in our O&G universe reported results that were within our estimates but the other half disappointed.

Notable disappointments included Bumi Armada Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) and Perisai Petroleum Teknologi Bhd. Both SapuraKencana Petroleum Bhd and Yinson Holdings Bhd will only release their first-half results later this month as their financial years end in January.

Bumi Armada surprised the market as it recorded lower utilisation rates for its offshore support vessel (OSV) and transportation and installation (T&I) divisions, leading to its earnings missing our estimates.

On the other hand, Perisai Petroleum continued to report weak earnings due to the non-charter of its mobile offshore production unit (MOPU) and derrick lay barge (DLB) while MHB faced operation issues, resulting in its inability to complete its projects on time.

Following a strong start in the first quarter (1Q14), we noticed that there has been substantial profit taking on small- and mid-capped companies in the O&G space. We expect a strong rebound to take place, led by Deleum Bhd, Yinson and Barakah Offshore Petroleum Bhd on the back of having secured new contracts and more work orders.

We expect 2H14 to be a better half for most O&G companies as activities ramp up before we enter the monsoon season in the late 4Q14.

We advocate investors to stay invested in companies that have a solid execution track record. The key themes that support our investment thesis include: (i) Petroliam Nasional Bhd’s (Petronas) capital expenditure programme to beef up domestic production; (ii) marginal oilfield awards; (iii) more enhanced oil recovery (EOR) initiatives; and (iv) the development of Petronas’ refinery and petrochemical integrated development project and associated facilities costing US$27 billion (RM85.9 billion) in total.

Within the four sub-sectors in our O&G universe, we downgrade heavy engineering to “market weight” as the macro outlook for the engineering, procurement and construction business remains negative. We leave the rest unchanged. — UOB Kay Hian, Sept 5


This article first appeared in The Edge Financial Daily, on September 8, 2014.

Can any1 clarify this LA thingy? how it works? Any doubt and ambiguity not going to be good

Wake up Malaysian, pls change your gambling mentality !!
Envy other countries stock market performance ... KLSE full of gamblers
Our Index won't move .. SAD

Yup, you're right those Barakah's HUB customers and more big MNCs too (see the link below):
http://www.barakahpetroleum.com/bop/index.php/our-client

Cash Cows are everywhere ..

Frankly we should not gamble with speculative stocks instead we shld all go for good fundamental stocks.

Why wait? Buy now at today's price still "very undervalue". Kenanga, Maybank IB, RHB, UOB Kay Hian, Hong Loeng securities all CALL for BUY.

Barakah bags RM30m HUC contract from Lundin
Written by Jeffrey Tan of theedgemalaysia.com
Wed Sep 03 2014 10:55:51 pm

KUALA LUMPUR (Sept 3): Barakah Offshore Petroleum Bhd has bagged a hook-up, commissioning and topside major maintenance (HUC) services contract worth RM30 million from Lundin Malaysia BV, according to a Barakah official.

“The contract is valued at some RM30 million, which is dependent on the work order that will come in progressively,” the official told The Edge Financial Daily today.

“The rates of the contract are similar to Package C, which is the HUC job for Petrofac, Newfield and Talisman,” he added.

In a filing with Bursa Malaysia today, Barakah announced that its wholly-owned subsidiary PBJV Group Sdn Bhd had entered into an agreement with Lundin for the HUC job.

The contract duration is from Aug 14, 2014 to Feb 4, 2016.

"The contract is expected to contribute positively towards the earnings and net assets per share of Barakah Group for the duration of the contract," said Barakah.

http://www.theedgemalaysia.com/business-news/305798-barakah-bags-rm30m-huc-contract-from-lundin.html

Petronas awarded 13 major contracts for Pengerang Integrated Complex
Written by theedgemalaysia.com
Fri Aug 29 2014 7:30:56 pm
KUALA LUMPUR (Aug 29)- Petroliam Nasional Bhd (Petronas) has awarded 13 major contracts and three Letters of Award (LOA) to the successful bidders of the Pengerang Integrated Complex (PIC) project in Johor. The recipients of these awards made up of local and international contractors.

In a statement today, the national oil firm said total contracts awarded included five Engineering, Procurement, Construction and Commissioning (EPCC) contracts for the Refinery and Steam Cracker (RC) component of the PIC project.

“The component involves the production of petroleum products and the feedstock for the downstream petrochemical plants that are to be developed within PIC. The contracts were awarded to the international companies through a competitive bidding exercise grounded on merit and competency,” the statement read.

Meanwhile, eight contracts for the common Facilities and Infrastructures projects were awarded to local companies. The projects include the next second phase of land clearing, construction of haulage and access roads, a material off-loading jetty, as well as the construction of common camp facilities.

“These facilities lay the foundation for the construction and moving forward of the project’s development. At peak construction, an estimated 52,000 jobs are expected to be available,” said the national oil firm.

In addition, the consortium of Technip-Fluor was awarded an LOA as Engineering, Procurement and Construction Management (EPCM) Contractor to manage the Utilities, Interconnecting and Offsite (UIO) facilities.

Technip-Fluor was earlier engaged as Program Management Consultant to work with Petronas as an Integrated Project Management Team (IPMT) to orchestrate the overall project and site management of RAPID, whilst at the same time, provide Project Management Services for specific EPCC packages within RAPID.

Earlier, PIC contracts awarded included a PMC services contract to SMHB Sdn Bhd in April 2014, two Procurement, Construction and Commissioning (PCC) contract to Konsortium Asia Baru-PPC JV for PAMER and PBJV/CPM (Barakah), and an EPCC contract and Long Term Service Agreement (LTSA) to Consortium of Siemens AG, Siemens Malaysia Sdn Bhd and MMC Engineering Services Sdn Bhd in June 2014.

PIC comprises of the Refinery and Petrochemical Integrated Development (RAPID) complex and its associated facilities including the Pengerang Co-generation Plant (PCP), Re-gasification Terminal 2 (RGT2), Air Separation Unit (ASU), Raw Water Supply Project (PAMER), Crude and Product Tanks (SPV2), as well as central and shared Utilities and Facilities (UF).

Developed within a 6,242-acre site in Pengerang, Johor, PIC forms part of the Johor State’s Pengerang Integrated Petroleum Complex (PIPC), which is under Malaysia’s Economic Transformation Programme (ETP). RAPID is estimated to cost US$16 billion while the associated facilities will involve an investment of about US$11 billion. PIC is poised for its refinery start-up by early 2019.

Just got this Petronas News on RAPID today, one of them being subsidiary of Barakah, PBJV

Petronas awarded 13 major contracts for Pengerang Integrated Complex
Written by theedgemalaysia.com
Fri Aug 29 2014 7:30:56 pm

KUALA LUMPUR (Aug 29)- Petroliam Nasional Bhd (Petronas) has awarded 13 major contracts and three Letters of Award (LOA) to the successful bidders of the Pengerang Integrated Complex (PIC) project in Johor. The recipients of these awards made up of local and international contractors.

Those who heboh2 earlier .... Buy up up ... Next week selling pressure !!
I told you so ....

Iris sinks into red in 1Q
Written by Jeffrey Tan of theedgemalaysia.
KUALA LUMPUR (Aug 29): Iris Corp Bhd sank into the red in the first financial quarter ended June 30, 2014 (1QFY14), with a net loss of RM2.55 million compared with a net profit of RM7.68 million a year ago on lower contribution from its traditional core business namely trusted identification, and payment and transportation divisions.

Revenue slipped 5% to RM127.28 million from RM133.91 million in 1QFY13.

In a filing with Bursa Malaysia today, Iris attributed the lower contribution from its traditional core business to lower revenue generated from overseas contracts as the management’s focus was on issues of collection and setting up of new e-Passport system in Guinea.

Look at your stocks list ... today is the real test for good fundamental stocks... if stock go Green in your list buy (invest more ) ... those in RED please dump ... hehe .. simple rule

Iris .. only temporarily supported ... next week will weaken and weaken .. DON'T think any fundamental NEWS to push it up :( sorry

In_themoney, you're buying into a Right company!

How much you think Barakah share price will be ?? when Barakah secure Saudi T&I project in coming weeks.

Look at the prospect .. great potential it ll go more than current target price $1.95

Buy Buy Buy .... collect before Saudi billion project in coming weeks (september) ... up side +25% (down side 0%)

Maybank IB:
9MFY14 core net profit made up 47%/43% of ours/consensus’ 15MFY14 forecasts – in line.

Crystalisation of tender pipeline - RSC, Saudi Arabia T&I & Pengerang works will catalyse earnings and sentiment.

Maintain BUY and MYR1.90 TP, pegged to 14x FD FY15 PER.
What’s New

3Q14 core net profit of MYR12m (+130% YoY; +12% QoQ) took 9M core earnings to MYR34m (+11% YoY). The QoQ growth was driven by stronger revenue contribution from its installation & construction operations (+12%). The key driver was the completion and delivery of the KPOC topside installation works in June’14.

This helped to offset weaker revenue from the pipeline & commissioning services (-30%) due to minimal works recognised for the Pan Malaysia T&I Package A works (MYR40m; started in June’14). As such, its KL 101 pipelay barge was relatively immobilised YTD (opex: MYR1.1m/mth).
What’s Our View

Our forecasts are unchanged. We expect earnings to improve over the next 6 months: (i) as contributions from Pan Malaysia Package A T&I work kick-in earnestly and (ii) interest savings (MYR6m p.a.) from the successful refinancing of its loans in July. Operationally, Barakah is scheduled to complete 3 T&I works this FY (value: ~MYR360m) for PCSB’s Dulang (platform-cable laying), Dalak (pipeline) and Labuan-Sipitan (shore approach) fields. For this, KL 101 will be operating at optimal level in Jul-Dec’14.

Order backlog stood at MYR2.3b (-5% QoQ) as at Aug 2014. Tender pipeline remains strong. It recently secured additional works for the Pengerang pipeline, which doubled the project value to MYR280m. Barakah is also in the running for several Pengerang related works (tie-in, piping; e.MYR300m; to be known in 1Q15).

Source: Maybank Research - 29 Aug 2014

Read this:
http://klse.i3investor.com/servlets/stk/7251.jsp
This is kind of stock you want to put your money there and have a piece in mind.

Don't waste your time at here... go invest another stock... buy Barakah (O&G) good fundamental stock much better than iris lah...

Kenanga Report:
--------------------
Things will pick up in 2H14 on the back of higher installation and construction activities.

The secured orderbook stands at RM2.24b which provides earnings visibility for next three years. We understand that BARAKAH has been actively involved in bidding for new projects with its current tender book of RM3.0b, comprising 70 oil and gas projects.

We believe that the commissioning segment is able to provide Barakah stable earnings as it has a "90% win rate" in the commissioning market every year with its excellent track record.

Besides that, Barakah is looking to secure T&I international work from the Gulf Region through its existing joint-venture partner in Saudi Arabia, which is expected to be awarded in September 2014.

Additional growth for the T&I segment will hinge on BARAKAH’s future asset expansion. We understand that the company might expand the asset base in line with the expansion in contracts awarded.

Barakah Offshore Petroleum Bhd’s subsidiary, PBJV Group Sdn Bhd, secured a RM260 million contract from Petronas Gas Bhd for the procurement, construction and commissioning of PENGERANG Pipeline. “Work for the contract is expected to commence immediately and is scheduled to be completed by the second quarter of 2016,” said the company.

Change to Forecasts Due to change of financial year end (from FYE September to FYE December), we have adjusted our FY14E and 15E forecasts to RM111.5m and RM130.8m.

Rating Maintain OUTPERFORM.

Valuation We maintain our target price of "RM1.98", which is based on an implied target PER of 13x on CY15 EPS of 15.2 sen.

We believe our valuation for BARAKAH is still reasonable as we are valuing it at a 13.3% discount to the 15.0x PER ascribed to industry peers such as ALAM (OP; TP: RM2.07) given its smaller asset base (it currently owns only one pipelay support vessel).

Source: Kenanga Investment Bank

Full Result in Bursa Website:
http://www.bursamalaysia.com/market/listed-companies/company-announcements/1725705

As at Aug 14, 2014, Barakah has an order book of approximately RM2.28 billion for secured contracts, over the next three to five years, it said.

It said the group’s prospects for FY14 will remain positive, given the commencement of the long-term Pan-Malaysia transportation and installation contract during the current period, as well as the on-going onshore engineering, procurement, construction and commissioning projects which will last at least until 2018.

KUALA LUMPUR (Aug 28): Barakah Offshore Petroleum Bhd’s net profit for its second quarter ended June 30 soared 129.8% to RM12.35 million or 1.99 sen a share, while revenue jumped 176.7% to RM159.71 million.

In a filing to Bursa Malaysia today, the group said the increase in turnover was mainly due to the completion of topside installation work, the start of new transportation and installation contracts. and other construction activities carried out during the current financial period ended June 30, 2014.

I keep buying more today because this stock is very 'undervalue', it's all about Value Investing, guys!

Must have faith with Barakah even though most stocks going side-way and down.
Kindly don't dump this good stock, let's support it to target price $1.96. Thanks guys

Fantastic Quarter Result > Barakah 2Q net profit soars 129.8% on completed construction activities ! More projects are running until 2018 !!
(This is inline with UOB report earlier, target $1.96)

26 - 29 cts or even lower

Wait for result out .. stock price may drop much more .. waiting for collection at cheap price e.g. 0.30 cts.

mark my word, iris Qtr result won't be good ... u check later loh

When their Quarterly result out? good?

Just so scary like DSONIC .. earlier drop drop last 2 month until today never recovery .... death duck ... gone case .. counter DSONIC .. like PDZ & SUMATEC today

UOB covered Barakah .... Go go go

KUALA LUMPUR: UOB Kay Hian Malaysia Research expects market conditions will continue to favour small/mid-cap stocks, which have outperformed the FBM KLCI on a month-on-month basis in the last seven months.

The research house said this was one of the longest winning streaks in its 14-year performance review.

“Year-to-date (YTD), the FBM Small Caps Index has outperformed with a 21.7% year-to-date rise versus the KLCI’s 0.6%.

“We advocate being selective, picking beneficiaries of compelling investment themes or with specific event catalysts. These include Deleum, Barakah Offshore and Malaysian Resources Corp Bhd (MRCB),” it said.

UOB Kay Hian while small/mid caps have trounced the large caps’ YTD returns in all sectors under its coverage in 1H14, it reckons market conditions will still support further outperformance although it advocates being selective in stock picking.

“Valuation drivers include ample domestic liquidity amid government-led efforts to support undervalued small/mid-caps in Budget 2014.

“We also reckon retail investors, who have remained net sellers of Malaysian equities with RM500mil and RM6.5bil in net sell trades in 1H14 and 2013 respectively, would raise exposure in small/mid-caps.

“We also reckon the interest rate environment is still supportive, and even a potential further 25 basis point hike in the overnight policy rate (OPR) in September 2014 would not derail sentiment,” it said.

UOB Kay Hian said however, speculation in particularly the micro-to-small caps is stretched, for example companies trading at high multiples (nearing 10 times) or investors bidding up unproven conceptual stocks without perusing the strength of their business models (for example quality of earnings).

However, it pointed out that there was still value to be found. Small/mid-caps, as proxied by the FBM Small Cap Index, are up 21.7% YTD and 60.5% since the General Election in 2013, against the KLCI’s 0.6% and 10.8% respectively.

“Our top picks are MRCB, Deleum and Barakah (particularly its loan stock), while interesting situational stocks include Hong Leong Industries (see table overleaf).

“Notable NOT-RATED stocks include Suiwah, Tune Insurance and Heveaboard. Heveaboard’s earnings growth will be driven by higher operating margins from its expansion into higher-value ready-to-assemble (RTA) products, a more favourable product mix in the particle board segment, as well as a 50% decline in interest expense from 2Q14 onwards, having already settled its high-interest-rate term loans.

“Other beneficiaries of thematic investment plays include Sunway (emerging township in Medini, Iskandar) and SKP (cyclical recovery play).

“The recent retracement of HOLD–rated stocks that should rebound include Uzma and Tropicana. For year-end positioning, we like Perisai, Sunsuria and WCT,” it said.

http://www.thestar.com.my/Business/Investing/2014/07/31/Market-conditions-to-favour-small-mid-cap-stocks-UOB-Kay-Hian/

Here comes the mid-cap O&G play... today someone swallow at 4:40p.m. to push price up from $1.54 to $1.59 !!!! Good job! See you UP UP there tomorrow.

anticipate Barakah will win BIG Saudi o&g project soon ... Buy now before too late .. Something big is brewing ... accumulate when it is Quiet at low price ... !! watch out !!

buy BPLANT at below IPO !! It's a steal .. great deal guys

Unlike most plantation stocks in Malaysia. BPLANT has a unique selling point - strategic land banks with property development potential in West Coast Malaysia. We should not undermine its INTRINSIC value based solely on upstream plantation market.

TalamT's Net Book Value of $962 million from existing landbank.

2,000 acres of land to be developed in Selangor/Klang Valley
Having landbank in hot property areas e.g. Bukit Jalil, Ampang, Puchong, Sepang, Rawang,
Gombak, Ulu Kelang, Selayang, Putra Perdana, Bukit Beruntung, Batang Berjuntai.

Wow, that's a lot of land to be developed !!!

why suggest to take profit now? any reason?

Imagine bare land own by TalamT is 2,000 acres x $300,000 per acre (conservative calculation) = approx. $600,000,000 (only land price).. if this translate into current share price, i think TalamT is under value.

http://www.theedgemalaysia.com/business-news/299779-talam-transform-seeks-partners-to-develop-land-bank.html

2,000 acres of land to be developed in Selangor - Gombak, Ulu Kelang, Selayang, Putra Perdana, Bukit Beruntung, Batang Berjuntai

Land bank valuation indicates TalamT is super undervalue, the stock price must adjust to reflect TalamT's actual price. Up up up .. bullish.. let push it up :)

What a big leap today!! up 0.06 cts 3.68% Good job Barakah!

Continue buying Barakah and support "up up" move of the stock price:

PETALING JAYA: Barakah Offshore Petroleum Bhd, anxiously awaiting the outcome of a multibillion-ringgit Saudi Arabian contract, will expand its presence in the Gulf irrespective of whether it bags the Saudi job.

Barakah, riding high since going public in November, is putting in place bids for 77 projects totalling RM3 bil, including the transportation and installation (T&I) job in Saudi Arabia that could be worth RM2.5 bil.

The company sees the Saudi Arabian bid as the start of its international expansion. “We are looking at increasing our overseas business, because in terms of risk, we cannot rely just on Malaysia and Petronas, although we have our roots here. We have a marketing office [in Saudi Arabia] and will continue to bid for jobs in the area, regardless of whether we win the job,” says Barakah vice-president and chief financial officer Firdauz Edmin Mokhtar.

Barakah is one of three O&G companies shortlisted for the Saudi Arabian contract, the winner of which will be announced at the end of this month, say analysts at Maybank IB Research.

At the moment, Barakah’s operations in Saudi Arabia are limited to a marketing team and an 85:15 joint-venture with a local firm called PBJV Gulf Pte Ltd. The 15% equity was given to a Saudi Arabian company as part of requirements for setting up a business and bidding for jobs in the country. Should the Barakah bid be successful, it will have a year to set up its shore base.

The Saudi job is similar to the Petronas T&I Package A works it secured in December, with the exception of higher day rates. Higher day rates translate into better margins, and Syed Abdul Rahim says this is a standard for jobs open for tender in the country. The job could contribute between RM50 mil and RM70 mil per annum to Barakah’s bottom line for the duration of the contract.

KUALA LUMPUR: Maybank IB Research maintains its "buy" call on Barakah Offshore Petroleum Bhd, following its official announcement of the Saudi Arabia transportation and installation contract in February and its existing backlog of orders.
The contract, estimated to yield between RM50 million and RM70 million per year, with a total value of up to RM2.5 billion, will see Barakah having a 85:15 partnership with a local operator there. This is the major factor behind Maybank IB's decision to maintain its "buy" call.
The research house said Barakah's backlogged orders, which stands at RM2.3 billion as of this month, offers almost concrete three-year earnings visibility.
"The tender pipeline is healthy, with a combined value of RM3 billion comprising 77 projects," it said in its research report, while noting that the Saudi job would account for the bulk of the tender value.
"As it is, Barakah is confident of consistently replenishing orders worth between RM600 million and RM700 million," it added.
Maybank IB has maintained its RM1.85 target price for Barakah.
Barakah Offshore was incorporated in Malaysia in 2012 as an investment holding company for PBJV Group Sdn Bhd (PBJV), which involved in offshore pipeline services.
PBJV has expanded its activities to include offshore transportation and installation works, hook-up and commissioning, onshore construction and underwater services.


Read more: Barakah's 'buy' stays on Saudi deal - General - New Straits Times

Heard from BFM: In AGM announced that Barakah is tendering $3 B of projects in Indonesia, Malaysia, Arab Saudi, Asean countries. As for Saudi projects it is in re-tender process and result will be out in April (next month). I think is smaller projects by Petronas in Malaysia quite promising .. Hold tight Barakah :)

buy at slow .. start collecting at low .. sell at high ..

CNN & TOMNOD Found MH 370 ????

http://ireport.cnn.com/docs/DOC-1103537

http://www.tomnod.com/nod/challenge/malaysiaairsar2014/map/6060

See the image by clicking the link above.