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2015-03-15 20:38 | Report Abuse
Well said.. and yes.. oil is not infinite.. not something you can grow back on trees. Its just a matter of timing and the ability to hold the beaten down O&G counters. Thats why the riches will get richer.. coz they know and went thru this cycle again and again..
2015-03-13 22:55 | Report Abuse
Of course mililia. Note that this is a fundamentally sound company.. not one of those gorenged counters. However, it has been on a downtrend for quite a while and panic selling occured. Do monitor and with good timing.. this counter will rise again. Its just a matter of when and when it does.. you shall be handsomely rewarded.
2015-03-13 18:06 | Report Abuse
With no support whatsoever, and price continuously ended red, looks like my TP of 0.90 is getting nearer to become a reality.. prolly next week. Trade with xtra care, heed my advices and make your own sound decision ya..
2015-03-13 13:49 | Report Abuse
Today Perdana continues to drop.. to 1.05. I hope by this time I have managed to help many folks holding this share to take profit or cut loss before it drop further and further. There has been no support whatsoever.. so its probable for the price to worsen even faster to its 52 weeks low. Best regards.
2015-03-12 23:07 | Report Abuse
Another problem is the management. They should at least come out and say something to assure people that the business is still viable etc after seeing the price already dropped continuously into 4 weeks low. But so far nothing.. their lips are all sealed. I observed that many responsible managers in other established companies will say or announce something when similar scenario happened to protect their shareholders.
2015-03-12 17:04 | Report Abuse
Remember, whatever I said.. its only my opinion. Observe, monitor and buy/sell based on your own decision. Like I said earlier.. stock market is almost like gambling. I do hope yer all make profit.. maybe later? Maybe some parties causing the panic selling.. who knows, right? But usually dont take this long.. bcoz accumulations by many parties at low prices will make the counter very hard to go up due to profit takings..
2015-03-12 16:49 | Report Abuse
Technical Analysis.. based on daily trades, volume, momentum, chart etc.. :)
2015-03-12 16:38 | Report Abuse
Sorry derrtan.. I wish I can help but I look more on TA b'coz many of my friends loss money in this counter. Everyone knows the drop in oil prices.. but the continued drop in this counter for the past weeks has been.. yes.. a bit strange.. compared to other O&G counters.. as if a severe news going to announced soon.. (insider news?)
2015-03-12 16:30 | Report Abuse
Thank mililia. Do remember. I just trying to help with my opinions and experiences. No punts intended. Gudluck! :)
2015-03-12 16:14 | Report Abuse
And now trading at 1.07.. and going lower.. with no support whatsoever. Any more comments to add?
2015-03-12 15:51 | Report Abuse
Yes I am and just trying to help. When a counter is on a downward trend, dont hope and hold. Just cut loss, then identify some uptrending counters and recover the losses. If continue to hold.. means the loss will be larger and larger. Remember.. can always buy back later. Learn to let go and never hope or fall in love in a counter. Note that our share market is almost like gambling.. but "halal".. lol.. and fundamentals are already history.
2015-03-12 15:03 | Report Abuse
Ferisc.. cant even sell @1.10.. why want to enter at that point? Better 1.09 or lower.. right?
2015-03-12 13:12 | Report Abuse
Note that with this sliding down price, its normal for all the research houses to come up with new TPs and SELL calls. Just think about it and the consequence..
2015-03-12 13:09 | Report Abuse
Even with good market sentiments today, Perdana cant even go up 1 sen. The selling queues are huge and looks like it will close red and continue its downward trend. My advise.. based on TA and reality, better leave now and recover losses, if any, in many other counters. Later when its price drop to 1.00 or below, then maybe can consider riding the boat again.
2015-03-12 00:31 | Report Abuse
As I opined before, let this counter go. Its O&G and trending down.. hopeless. There are so many other potential counters to trade out there. Dont be stressed out.. gudluck.
2015-03-11 20:25 | Report Abuse
Kenanga's TP hit on the dot today.. kudos!
2015-03-11 19:25 | Report Abuse
Me too.. dont understand.. what conversion? Tot all are cash warrants except for one WA which is not due yet. Today down further 3 sen.
2015-03-11 19:19 | Report Abuse
Ifca used to be called gorenged counter. Now no more already.. all O&G players cut loss and come to buy and support Ifca. Thats why whether KLSE red or green.. Ifca still up up up.. congrats! :D
2015-03-11 13:12 | Report Abuse
"KUB is on track to carry out the proposed RM1.23 billion inter-city rail transit system project in Iskandar Malaysia in partnership with Malaysia Steel Works (KL) Bhd." Is it a confirmed or just a proposal?
There have been many proposals and agreements that have been eventually cancelled in Bursa. Many people got trapped with no way to escape but with substantial loss in hard-earned cash. Is this a trend in our Bursa nowadays? Hmm..
2015-03-10 13:15 | Report Abuse
Mililia.. I AM looking at the long term. Its better to take profit or cut loss now rather than losing a lot of the hard-earned cash later. Better invest in other counters where profits can be made and recover back the losses made in this downward trend counter, if any. In other words, its better to make the correct judgement now and leave the boat or suffer and sink later..
2015-03-09 23:37 | Report Abuse
Based on the chart, low support volume and poor world oil price performance, expect a TP of about 0.90 by end of this week or next week..
2015-03-09 19:58 | Report Abuse
Hmm.. looks like no more hope for this counter. Everyday drop even with any support whatsoever. Take profit or cut loss if you can. Brace for worse and gudluck everyone. More selling in the making..
2015-03-06 18:24 | Report Abuse
Fortunately still have accumulation despite heavy sell queue (above 8k lots) at certain price for the past 3 days.. if not the counter will be worse. Whether next week onwards can sustain.. unsure.. to be seen.
2015-03-06 09:03 | Report Abuse
• I dont believe what they said as mentioned in thestar. These kind of statements happened many times before. Its called "psychological calmness".
2015-03-05 20:38 | Report Abuse
Just cut loss or take profit and buy back at lower price. See.. very easy measy laa.. :)
2015-03-05 13:19 | Report Abuse
It flew up from 0.48 within a month.. so there may be room for further downfall due to profit takings too. Goodluck everyone.
2015-03-05 13:15 | Report Abuse
Ask yourself laa.. if you are the director, will you leave your company and sell your shares before a "good" financial results (which of course you already know) be announced? Furthermore, SELL call and lower 2.20 TP by RHB-OSK, today.
2015-03-05 03:45 | Report Abuse
• Just avoid rubbish stocks laa.. dont be greedy. Its either you make some money if you're lucky or can make you very frustrated causing minds to think that flying down from a 10th floor is fun.. :D
2015-03-04 10:04 | Report Abuse
Hmm.. stagnant.. and looks like its gonna be turtlish with low volume for some time..
2015-03-03 18:34 | Report Abuse
• It managed to up 400% within a month.. nice job!!!
2015-03-03 16:45 | Report Abuse
• Latest TP price 45 sen only.. ouch :(
2015-02-27 13:41 | Report Abuse
Kenanga's TP @0.78 only.. careful and gudluck everyone..
2015-02-26 16:31 | Report Abuse
Resistances @1.22/1.23 absorbed/broken.. well done! Next to break @1.25 :)
2015-02-26 13:27 | Report Abuse
Wish all of us the best.. :)
2015-02-26 13:26 | Report Abuse
Paperplane maybe right.. no biz but overheads still need to be paid. Its normal for a price to be pushed up so that "certain" parties can dispose.. and later many peeps will give curses. Just me 2 sen lah ya..
2015-02-26 13:16 | Report Abuse
Trying hard to break the persistent resistances @1.22/1.23 for the past few days.. hope successful soon.. coz its getting tired and lower volume..
2015-02-26 13:11 | Report Abuse
I'm still holding.. but monitoring very carefully. Results are not consistent and P/E.. wow!
2015-02-25 16:14 | Report Abuse
If petrobras junk.. habis laa Skpetro.. huge contracts there.. ouch :(
2015-02-24 19:30 | Report Abuse
Thanks for sharing. It means the proposed 10sen + 2sen dividends may be cancelled.. during the upcoming AGM.. ouch.
2015-02-24 19:18 | Report Abuse
The chart looks good now.. but its hard to predict the future. Gudluck everyone..
2015-02-24 15:33 | Report Abuse
.. unfortunately.. Kenanga gave a negative TP on Perdana.. that may pose a problem for it to trend upward.. even when its price is already quite low. Hope it can break the very persistence resistance @1.22 today..
2015-02-24 14:36 | Report Abuse
All BUY calls from Public Bank, Maybank, Hong Leong and Cimb..
2015-02-24 13:33 | Report Abuse
Its trending down. Time to take profit/cut loss and buy later when the price stabilise?
2015-02-24 00:28 | Report Abuse
Derrtan.. it depends whether you look at just a quarter or the whole financial year. Its current price is only about half of what it used to hover a year ago and quite a low P/E..
2015-02-23 20:19 | Report Abuse
EPS also increased almost 40%..
http://www.klse.my/financial/quarterResult/YoY/annualResultUnaudited/7108/31-Dec-2014.jsp
2015-02-23 19:57 | Report Abuse
Revenue and profit for 2014 increased more than 25% and 42% respectively compared to the previous year.. while NTA increased by 15%. Not bad..
2015-02-23 16:20 | Report Abuse
Noticed Jayawin gave negative comments everywhere else and many of the counters on the uptrend already..
2015-02-23 13:08 | Report Abuse
Jayawin's comment was similiar to those comments on Skpetro when its price was hovering close towards 2.00 a few weeks ago..
2015-02-18 12:40 | Report Abuse
Pls dont get me wrong.. I'm still on board. I just asked bcoz I received the msg via whatsapp yesterday.. quite surprised really.. not the normal rates (BUY/SELL/HOLD) but AVOID.. lol
Stock: [PERDANA]: PERDANA PETROLEUM BERHAD
2015-03-16 13:24 | Report Abuse
Oil is not an infinite item where you can grow on trees. Thus, me opine, the price will rebounce.. eventually. Its just a matter of timing, holding power and patience..