Alam Maritim is eyeing a slice of the sub-contracting works in relation to the RM10bn Pan Malaysia offshore transport and installation (T&I) jobs. To recap, in Dec 2013, Petronas awarded four T&I packages, worth about RM10bn, to three parties, namely Barakah (package A), Puncak Niaga's Global Offshore (package B) and SapuraKencana (packages C and D). Alam is in talks with these three parties to become their sub-contractor. Alam's pipelay barge, 1MAS300 is on standby for the potential jobs. The three parties are awaiting word from Petronas on the timing to mobilise their assets. Once they get the instruction, Alam can fill the slot by providing its asset for the job. Work is expected to start in 3Q14. (Edge Weekly)
If you are trader, then look towards the 1.67.. it has happened that if it fails to challenge 1.67 it will usually fall back to 1.30 to 1.40 range.. look at the charts. why it's not 2.00 because simply their underwater business are having zero income since begin of this FY..
if you look at long term, then you can see that their management are doing something about their underwater business, that is buying new vessels that specialize in this area and doing JV with someone that are more renown for this area.
If you are long term, then hold it as they will surely get better after this.
Metalmonk, I agreed with you that in long term Alam is potential to reach it TP of rm2+. As for my investment, if my long term investment can achieve the gain much exceed the projected return (don't forget the main objective of investment to to get reasonable return) and balance with the risk ( potential risk in the market and it performance), I may decide to sell it. So far, only 1 share I still accumulate at low, this share is Pharma. This is due to no matter what market is ( economic is not good, H law pass, .....)the demand is still there and it is in expansion mode to Indo and Arab.
I can gain more if I buy back when down again, of course if the price continue up I will miss to gain more but I better strict with my target return ( else to rule by our greediness, we can't forever gain until maximum. So, let those who buy it happy at the moment they but it.)
tomorrow no need to trade la...LoL...see what happens on wednesday...if like barakah last time...announce project but nothing very significant happen...hope Alam is not like that...
fortunebullz: my frens told me about this counter 2 weeks ago but i din follow. And surprisingly c u and steelheart are here... i m one of ur follower from instaco. lol...
Harry, good news for sure but whether the price will shoot up thats another thing. Sometimes good news can have unexpected results...then everybody will start saying the popular term "buy on rumor, sell on news" hehehe...
http://www.theedgemalaysia.com/mobile/article.php?id=286021 Look like not many research housing believe Alam will get a Big project. Fortunebullz, I just left few lots (balance 12.5% only) and will clear all these lots soon. Of course may pick up if price down ( lower than rm1.60)
Well, if the news is true, that Tan Sri QLC becoming a strategic shareholder, then I foresee the opening price to be at least 1.70, if not 1.75-1.80. Very conservative target.
first we need to understand why they suspend for material announcement? if just to suspend to deny quek entering alam, wouldn't that be not too logic? Possible to have quek injecting his money? Possible...I supposed Material announcement on who is getting their subcon contract? Possible also
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....
Tan Sze
58 posts
Posted by Tan Sze > 2014-04-21 10:21 | Report Abuse
haha ... i left 40 % .... nt sure to sell or not now ...