Petronas Carigali awards 5-year deal to 4 contractors Posted on 8 January 2014 - 05:41am
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PETALING JAYA (Jan 8, 2014): Petronas Carigali Sdn Bhd, the upstream arm of Petroliam Nasional Bhd (Petronas), has awarded a five-year umbrella contract for design and engineering services works for its facilities to four local engineering services contractors, which include Perunding Ranhill Worley Sdn Bhd (PRW).
Interestingly PRW was in the news July last year, when Petronas' suspension of its licence for a week led to the deferment of a plan to list affiliate Ranhill Energy & Resources Bhd on the local stock exchange. The suspension Ranhill Energy had said, was to do with PRW's work on Petronas Gas' regassification plant project in Malacca.
In reinstating PRW's license, it was reported that only licensing for upstream activities was obtained. It could not be immediately determined if licensing for downstream activities has also been reinstated since then.
PRW is majority owned by Ranhill Bhd's president and CEO Tan Sri Hamdan Mohamad, who was fined by the Securities Commission in November last year for failing to disclose of the suspension of PRW at the material time.
Petronas said the five year umbrella contract, which commenced in September 2013, was awarded to Technip Consultant (M) Sdn Bhd, PRW, RNZ Integrated (M) Sdn Bhd and MMC Oil & Gas Engineering Sdn Bhd.
The scope of the contract covers domestic upstream oil and gas engineering services including front end engineering design and detailed design works.
During the contract period, Petronas Carigali will conduct closed competitive bidding among the four contractors to select the most technically capable and commercially attractive bidder that meets its specified scope of work and project requirements.
Guys, bear in mind of the statement in the news "However, before the acquisition, Symphony would consolidate its existing 10 shares of 10 sen each into one share of RM1 each. "
compare to PDZ oil and gas acquisition news etc ... compare to AsiaBIO rumours etc ... compare to SCOMI quek effects etc compare to SONA QA rumours etc compare to SUMATEC oil rumours etc
at least this one a "firmed rumours" about Ranhill Worley RTO ...
Ranhill Worley instead of making reban .. Ranhill Worley tranform Symphony reban !
RTO news got keyword like $1.00 and $1.50 after RTO maybe $1.00 is TP??? if not $1.00 then at least worst worst 0.300?? SUMATEC curently cheapest oil and gas counter ...
this is Ranhill Worley wor... banking on Worley Parson oil and gas name mah ...
Ranhill Worley ... by assuming tomorrow down .. say today price 0.215 then down 0.190 (assume lah) then along the way reverse this that.. then ding dong ding dong Petronas licenses ... then ding dong ding dong Petronas jobs awards ... however one look at it .. up or down at 10cents or 20cents still juicy prospect .. buy hold long term and keep inside pocket .... cheaper than RM1 chicken mah ... kikiki
Future Ranhill Worley .. Symphony layan lagu .. janji manis
if this symphony tukar nama to Ranhill Worley ... no need IPO ... vroom up loh because of name ... even un glamour name like born-oil (just because of name lah) and sumatec and ramunia tukar THheavy also at least worth Rm0.500 and above with exception to sumatec currently trades at 0.290 kikikikikk ....
these days oil and gas all depends on name popularity ... forget fundamental almost oil and gas is a capital intensive punya kedai ... muahahahaha Ranhill worley .... a good name ... like Mustang .. AT like mustang .. vroom vroomm kikikiki
perwaja loses rm1b = 0.19x tanya bomoh , symphony + ranhill = $1.4b = tp maybe 0.180 then ding dong ding dong .. rights this, rights that, WA this, WA that .. dapat projek this that.. bomoh prediction in 2015-2016 = at least more than 50cent ka?
mikekong55: today gap up .. 0.2xx by assuming bomoh style prediction may go down then all kaki lima punters attracted ... possible bomoh prediction is up to 0.3xx ? at this point not even Bomoh saham cant tell ... kikikiki but symphony mau tukar nama is a juicy prospect considering no IPO even most oil and gas IPO tanked so bad first time before move up like Ramunia case turn to THHeavy .,.. kikikiki
Hi AtamTua, looking for u n wondering where u r n finally found u here. How r u lately? Hope u have made some good profit. Ranhill is a nice name n hope it will help Symphony to propell to greater height after the name change. So far I've not entered this counter yet but will wait these few days to see how it performs before deciding. Good night to u AyamTua n happy trading tomorrow.
Uncle Vinvin how are you? AyamTua OK .. I hope and wish you make good money and have long good health .. how is life after PMCorp? haha .. after out of PMcorp At has been venturing into many potholes ha.. ha.. escaped unscatched .. haha now making some small small lah with
(70% investing) GHLSYS : potential 2014 GST NTPM: market leader in personal care
(30% punting) newest addition: symphony soon to be Ranhill Worley.
thank you Uncle Vinvin. all the best . all good health ... GBU
Tq AyamTua n wish a long good health too. I've made some good profit lately but all in paper as I've not sold them yet. I think I'll have to change my way of trading so that I could realise my profit otherwise tengok saja.
symphony has good long-term outsourcing business deal secured from Japan NTT, NEC other than local business. Cash cow but under Syed Mokhtar, totally share price not moving until this sell-out
Ranhil want to raised RM750M on previous IPO. If RTO thru symphny 10 shares consolidated to 1 = 66M share. To raise RM750M let assume 1 mother entitle to 5 OR = 66M x 6 = 400M. Then 400M bonus issue 4:1 = 500M. So, RM750\500 =RM1.50.
So, TP =RM1.20.
Just an assumption. Not a buy call. However, buy at own risk.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
AyamTua
13,598 posts
Posted by AyamTua > 2014-03-27 15:29 | Report Abuse
what happen if RTO? SYMPHONY still there or not? tukar nama when? just bought .....