NTA does not means anything when you are selling you asset at down to earth price that others do not want. Probably you get back 30% of your NTA (if lucky assuming full liquidation) but there is the debt.
There are many possibilities going for Perisai. With good revenue and gross profit, maybe can find a white knight to rescue Perisai. The only thing is the bond problems. My 2 cents idea
By THE ASSOCIATED PRESS November 15, 2016 Stocks on Wall Street climbed on Tuesday as the price of oil made its biggest jump in seven months and energy companies rose with it.
Technology stocks like Microsoft and Alphabet, Google’s parent, traded higher and bond yields slipped, a break with the pattern since last week’s election.
The Dow Jones industrial average picked up 54.37 points, or 0.3 percent, to 18,923.06, as those gains were partly held back by losses for the retailer Home Depot and the aerospace company Boeing. The Standard & Poor’s 500-stock index rose 16.19 points, or 0.7 percent, to 2,180.39. The Nasdaq composite index added 57.23 points, or 1.1 percent, to 5,275.62.
Oil rose almost 6 percent as investors once again grew hopeful that the OPEC cartel will agree to cut fuel production in a few weeks. Companies such as utilities and telecom service providers climbed as bond yields fell slightly after a week of large gains. Airlines rose after Warren E. Buffett made a surprise investment in three carriers.
Exxon Mobil and Occidental Petroleum made large gains as the price of oil rose by the largest amount since early April.
Benchmark United States crude gained $2.49, or 5.7 percent, to $45.81 a barrel in New York. Brent crude, used to price international oils, rose $2.52, or 5.7 percent, to $46.95 a barrel in London. Exxon rose $1.54, or 1.8 percent, to $86.82 and Apache added $4.46, or 7.6 percent, to $63.39.
Tuesday’s trading was a partial reversal of the moves investors have made since the presidential election one week ago. Tech stocks have been losing ground recently, but Microsoft picked up $1.14, or 2 percent, to $58.87, and the graphics processor maker Nvidia rose $2.55, or 3 percent, to $86.19.
Bond prices edged higher, sending long-term interest rates slightly lower. Bond prices had fallen sharply since the election over worries that President-elect Donald J. Trump’s spending plans would lead to higher inflation. That had sent yields to their highest levels this year. But the yield on the 10-year Treasury note declined to 2.23 percent from 2.27 percent. Companies that pay large dividends, like phone companies, also changed course and rose.
However, the dollar continued to get stronger and reached its highest level in almost a year. It rose to 109.16 yen from 108.37 yen. The euro slid to $1.0726 from $1.0732.
Berkshire Hathaway, the holding company of Mr. Buffett, the billionaire investor, bought stock in United Continental, American Airlines and Delta. United picked up $3.12, or 5 percent, to $66.06 and American gained $1.36, or 3.1 percent, to $44.76.
The aerospace giant Boeing fell after United said that it would postpone delivery of 61 new Boeing 737 jets that it planned to buy. Boeing stock lost $1.88, or 1.3 percent, to $148.11.
Equity One will combine with Regency Center in a deal that combines two real estate investment trusts that own shopping centers. The two companies have more than 400 properties, most of them anchored by grocery stores. Equity One climbed $1.90, or 6.8 percent, to $29.77, while Regency Center lost $2.95, or 4.2 percent, to $66.91.
The Chinese e-commerce company JD.com climbed after it reported strong quarterly results. The company also said it might reorganize its JD Finance unit, which runs its internet finance business. The stock climbed $2.70, or 11.4 percent, to $26.41.
Gold rose $2.70 to $1,223 an ounce. Silver picked up 15 cents, to $17.04 an ounce, while copper gave up 2 cents, to $2.51 a pound.
The FTSE 100 index in Britain rose 0.6 percent and the CAC-40 in France was also 0.6 percent higher. In Germany, the DAX gained 0.4 percent. The South Korean Kospi shed 0.3 percent and the Nikkei 225 in Japan finished little changed. In Hong Kong, the Hang Seng gained 0.5 percent.
Careful the more you see oil going up, other countries oil company goes up but our O&G does not move then you got to stop and think. When others drop however ours also follow suit to drop. So good news else where might be bad news for us.
Price of oil is just a friction up but sadly the ringgit is getting very weak every single day. With a rate hike in US soon meaning not a good news for ringgit. Petronas cut costs on expenditure meaning less contracts awarded into year 2017. Also the contract will be awarded with pressed down prices. Reality: the end is near. ☠️
What I can tell, the company now even revamping their management i.e procurement etc. they are committed to secure few oil fields by early 2017. The rest, discover by your own, dont expect spoon fed info all the time.
SINGAPORE (Reuters) - Oil prices rose around 1 percent on Monday as producer cartel OPEC moved closer to an output cut to rein oversupply that has kept prices low for over two years.
International Brent crude oil futures <LCOc1> were trading at $47.35 per barrel at 0023 GMT (7.23 p.m. ET), up 49 cents, or 1.05 percent, from their last settlement.
U.S. West Texas Intermediate (WTI) crude <CLc1> was up 0.98 percent, or 44 cents, at $46.14 a barrel.
Traders said that markets were being supported by advancing plans by the Organization of the Petroleum Exporting Countries (OPEC) to cut production in a bid to prop up the market following over two years of low prices as a result of output exceeding demand.
Such a deal has proved tricky to agree as some producers, most notably Iran, have been reluctant to cut output.
But an agreement has become more likely as Iran, keen to increase output after international sanctions against it were lifted last January, was expected to be given an exemption if it agrees to cap its production rather than cutting it, leaving the onus of a an outright reduction on other OPEC-members, including its political rival and de-facto OPEC-leader Saudi Arabia.
As a result, Barclays said that some form of production cut deal was likely, but the bank added that any such agreement might have little impact on markets.
"We expect OPEC to agree to a face-saving statement," the British bank said, but added that "U.S. tight oil producers can grow production at $50-55 (per barrel) and will capitalize on any opportunity afforded to them by an OPEC cut".
Beyond the talk of a potential production cut, there were also signs of ongoing market weakness.
Japan, the world's fourth biggest oil consumer, on Monday reported a fall of 9.5 percent in crude oil imports in October from the same month a year earlier, to 2.78 million barrels per day.
(Reporting by Henning Gloystein; Editing by Joseph Radford)
Article Entitled: "Reprieve for Perisai Petroleum Teknologi" PERISAI PETROLEUM TEKNOLOGI BHD ("PERISAI" OR "THE COMPANY")- REPLY TO QUERY LETTER DATED 21 NOVEMBER 2016 IN RESPECT OF ARTICLE ENTITLED "REPRIEVE FOR PERISAI PETROLEUM TEKNOLOGI" To read the entire contents of the announcement or attachment, please access the Bursa website at http://www.bursamalaysia.com
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Posted by AzerothJr > 2016-11-16 11:48 | Report Abuse
NTA does not means anything when you are selling you asset at down to earth price that others do not want. Probably you get back 30% of your NTA (if lucky assuming full liquidation) but there is the debt.