Steven, you are most welcome. I remember buying Barakah previously and not many believe it will go up to 1.80 which it did. I think not many convince of the up coming contracts as the news is very much new, I don't think this is insider news rather waiting for formal announcement only. Thank you.
My experience with this counter.. need to breach 1.60 first.. then can shoot up to 1.80...and above. Im tried 3 times before but unlucky.. wish luck for you.
Agree that Rm1.60 is a tough nut to crack. I'm sure a lot of people would be waiting to sell at Rm1.60 because they r scared that it will drop again like yo yo.
Regard to Petronas statement, don't you think Alam is among most experience SOV? I believe his statement refer to new comers. Please wait for official announcement of contact. Thank you.
I did ask for feedbacks from my friends, there's possibility of local funds clearly their position at the moment. There's not much to worry. As for Alam cannot go beyond 1.60 there's a truth. Let's wait and see. Thank you.
if we look closely, last quarter also impacted by 2 lawsuits, 1, by inland revenue, pay witholding tax approximate of RM7.7 million inclusive penalty. 2. Lawsuit due to disputes on the termination of another third-party charter which cost aroun drm7 mil..
so next quarter, profit will bounced back.. overall, still good as the Full financial year profit increased from 60 mil to 79.967 million.. (if without lawsuit, then around 95 mil profit.. )
Most important is securing contracts so that future profits are secured.. Alam and Swiber Offshore has won a subcontract for offshore installation work on Petronas’ Block SK 316 gas development off Sarawak. We understand that the installation contract - The Alam-Swiber joint venture is understood to have been subcontracted by Technip and Malaysia Marine Heavy Engineering (MMHE) to install the central processing platform and the bridge from mid-2015 to the third quarter of 2015.
I receive feedbacks from friends that the disposal of Alam by one local fund has reach its objective. We may see no more huge disposal by next week. Thank you.
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....
kerengga
345 posts
Posted by kerengga > 2014-03-04 15:44 | Report Abuse
put your trust in this counter..RM2 is coming..