Jasa Merin gets contract extensions www.btimes.com.my 25-Jan-2014 3:00 AM
KUALA LUMPUR: Silk Holdings Bhd's unit Jasa Merin (M) Sdn Bhd has received contract extensions for the provision of two 60-tonne Anchor Handling Tug Supply Vessels worth some RM23.29 million, the company told Bursa Malaysia yesterday. ... Silk Holdings secures RM23.28mil contract extension from ExxonMobil www.thestar.com.my 24-Jan-2014 6:00 PM
KUALA LUMPUR: Silk Holdings Bhd has accepted the award for a RM23.28mil contract extension by ExxonMobil Exploration and Production Malaysia Inc via its unit Jasa Merin (Malaysia) Sdn Bhd. KL shares open lower in early session www.btimes.com.my 24-Jan-2014 11:00 AM
Share prices on Bursa Malaysia opened lower on lack of buying interest, with losses seen in selected heavyweights. As at 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 7.80 points down at 1,800.51 after opening 6.02 points ... KLCI opens higher but drift lower therafter www.btimes.com.my 23-Jan-2014 10:00 AM
Shares on Bursa Malaysia opened higher but drifted slightly lower thereafter, on continued selling activities led byselected heavyweights. At 9.20am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 4.82 points lower at 1,809.28 after openin... SILKHLD- poised for breakout? nexttrade.blogspot.com 22-Jan-2014 5:00 PM
There was a report that SILKHLD has been invited by Petronas to tender for the supply of medium & large offshore supply vessels (OSVs). The business, if materialized, will be undertaken by Jasa Me...
Yesterday, the Malaysian Govt has announced that there will not be a toll increase for this year. But Govt will compensate all affect toll road operators to the tune of RM400 Millions. What are the implications? There are three:
1) IT WILL BE GOOD FOR STEEL & CEMENT COMPANIES DIRECTLY. AND ALSO HELP CONSTRUCTION & REAL ESTATE COMPANIES. ALL ARE GIVEN A REPRIEVE FROM FURTHER ESCALATING COSTS.
2) IT WILL BE FAIR TO AFFECTED TOLL OPERATORS. BETTER TO GET TOLL INCREASE. BUT NO INCREASE ALSO OK LAH. SINCE THERE IS SOME COMPENSATION.
3) IT IS NO GOOD FOR ALL MALAYSIANS AS A WHOLE. MONEY WILL BE CHANNELED FROM PUBLIC FUND TO HELP TOLL OPERATORS IN PAYING DOWN HUGE DEBT INCURRED FOR THE BUILDING OF HIGHWAYS.
SO THE VERDICT IS
1) GOOD - FOR CEMENT, STEEL & ALL COMPANIES & PEOPLE USING TOLLS. 2) FAIR - FOR AFFECTED TOLL OPERATORS 3) BAD - FOR GENERAL PUBLIC.
bole percaya ke? kajang election of course they wont announce it first lah. After by-election they will twist and say they were misquoted, blah blah,etc, baru tau.
calvintaneng: thanks for ur biased preaching as usual. SILK is trading now at 74c ( 6 Feb '14; 10.16 am). Lets see the price later. SILK has O& G + Highway revenue to its credit.
No need to go in and out of SILK. The concession is 33 years. So you can safely hold SILK for as long as 30 years.
Another stock you should think of longer term is MUI Berhad. MUI Berhad Was A BUBBLE at RM32.00 and Every Body Chasing. Now at 20 cents (THE GREATEST BARGAIN ON PLANET EARTH) & Nobody bothered.
The time to really load up SILK was 40 cents & below. That was then. When SILK was at that price below 40 cents there were more sellers than buyers.
hi Calvin, what's the point of accumulating MUIIND as the vol is extremely low..In fact, it's zero volume today. I might as well putting my $ on some of those active stocks rather than a dead or very inactive stock.
Toll concessionaires mint tons of money on whether or not the toll rate is hiked or not. Spoke to my accountant colleague in PLUS and he had a good laugh - he told me now the compensation money will be paid for the year upfront by the government. No need to wait,better still!. Secondly, more volume from a non-hike, translate into more revenue. Lastly, SILK has another catalyst up its sleeves - O& G Business. The next BARAKAH!!
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....
rikki
2,028 posts
Posted by rikki > 2014-02-05 09:12 | Report Abuse
Broken the previous high of 0.77 hehe