strong resistance at 1.60 for this Alam stock..it has tested many times but failed to break..I noticed the chart is forming ascending triangle pattern and waiting for breakout
Alam is a good potential profit making stock. Start to accumulate now during the time when the price is falling. Institutional investors will accumulate when the price is low, when the price is falling. They will accumulate over a long period and not just two or three days. they will slowly and slowly accumulating the stock. When the price goes up and up, it will be the time for the institutional investors to sell to make profit. So..., be like them and not to worry.
Posted by Teo Hock Song > Feb 3, 2014 11:01 PM | Report Abuse
If it is a positive news, why there's a need to sell ? ---- Posted by speakup > Feb 3, 2014 10:50 PM | Report Abuse
anbz, yes sell when news out. --- your choice..your money...just the usual thought..no need to follow....but that is the way 'THEY' operate occasionally
9MFY13net profit exceeds our full-year estimate. AMRB’s 9MFY13 core net profit of MYR76.3m (+36% q-o-q, +88% y-o-y) beat our full year estimate by 2%. The numbers made up 92% of consensus’ full-year forecast. This was due to the significantly higher profit contribution from its jointly-controlled entities (JCE), driven by a higher vessel utilization of about 90%. The 9MFY13 gross profit margin (GP) improved significantly in 9MFY13 to 20% from 15% in 9MFY12. However, the higher staff and other operating costs were mitigated by
Outstanding orderbook estimated at MYR2bn. AMRB has secured a contract for the provision of a straight supply vessel (SSV) to an oil & gas (O&G) company, which boosted its estimated orderbook to MYR2bn. Given the tightening supply of vessels in the Malaysian market and growing demand due to more contracts potentially being awarded by Petronas, we believe AMRB stands to be one of the biggest beneficiaries, thanks to its large fleet of vessels.
Maintain BUY, with MYR2.25 FV. We nudge our FV higher to MYR2.25 from MYR2.00, at an unchanged target FY14 P/E of 14x. We revise higher our FY13 and FY14 earnings estimates by 15.6% and 10.1% respectively to reflect improved contribution from JCE. We believe that AMRB will be able to maintain its high vessel utilization rate given that more T&I projects that require the use of its vessels may be awarded.
Exxon Extends Accommodation Barge Lease in Malaysia
Posted on Feb 5th, 2014 with tags Accommodation, Barge, Extends, Exxon, Lease, Malaysia . Malaysia’s supplier of offshore vessels Alam Maritim has been awarded an extension of its contract with ExxonMobil for the provision of one accommodation barge.
The extension of the contract will be effective from 1 February 2014. ExxonMobil has decided to extend the contract for a one year period.
The value of the contract extension is estimated to be around $17.6 million (RM58.8 million).
Alam Maritim (AMRB)’s wholly-owned subsidiary has been awarded an extension worth MYR58.8m on its contract to provide an accommodation barge. The 12-month extension took effect on 1 Feb 2014. We make no changes to our FY14/FY15 earnings forecasts as the extension has been reflected in our numbers. Maintain BUY, with an unchanged FV of MYR2.25, based on a target FY14 P/E of 14x.
1. 12-month contract extension worth MYR58.8m. AMRB announced that its wholly-owned subsidiary, Alam Maritim (M) SB, has been awarded an extension of its existing contract with ExxonMobil Exploration & Production Malaysia Inc (EMEPMI). The contract involves the provision of an accommodation barge by AMRB for a period of 12 months. The extension, which took effect on 1 Feb, is worth about MYR58.8m.
2. FY14/15 earnings estimates remain intact. We maintain our FY14/15 earnings estimates as the contract extension has been reflected in our forecasts. We have imputed an average fleet utilisation rate of around 82% throughout FY14/15. We do not expect any vessel to be idle for more than two months as we believe demand for offshore support vessels (OSVs) remains buoyant.
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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....
iafx
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Posted by iafx > 2014-01-10 21:48 | Report Abuse
alam's OSV order book now stands at RM1.2bn