Definitely Kenanga have no idea how to evaluate Alam and they have just started their IRM campaign. Rubbish writing from Kenanga. I'm on the IRM job myself.
Sayakamiyuki your eye got problem is it ? kenanga write tp 95, not 59, its trading buy call..... So kenanga u-turn so fast same like u on perisai 35sen to Rm1 ?
Chart-wise, ALAM is seen to trend almost in tandem with crude oil prices. In tandem with the strengthening of crude oil prices recently, ALAM has recently reversed from its multimonth downward spiral to gain 26.2% YTD. As seen on the high trading volume recently, strong buying support has emerged at the RM0.52. Uptrend looks very promising from here as the share price recently surged to break above its downtrend regression channel. Key indicators are also bullish-biased as depicted by the bullish divergence shown in the MACD, while both Stochastic and RSI indicator are suggesting bullish buying momentum despite their near overbought situation. With the bullish outlook ahead, we are placing a ‘Trading Buy’ call on this counter with an anticipation that the share price would rally, riding on the strengthening crude price towards our target price objective of RM0.95 (multi-month resistance level) in the near-term. Meanwhile, a strict stop-loss is placed at RM0.73 (in line with the mean-regression line).
Bravo to kenanga.. 1week before trading buy call 95sen, this week sell call 59sen after alam secure nother small contract..jus 4 trading day they can u-turn 30% tp (36sen). What kind of reseach hpuse is this?
Those can pick up at current price....sure win if can hold for long term. Oil price cannot be always below US$50. Sooner or later can touch US$60 - US$70. Alam NTA RM0.90 Now RM0.74....below NTA
Better than making huge loss as thheavy, profit still profit.. kudos to kenanga within 10 trading day can call from trading buy tp 95sen, to 59sen now 44sen..expert review that we can trust for our investment?
As long as Hong Leong boss is still holding. Then should be no problem. Those cannot hold or pick up. sure loss. Can hold still got good chance to win. Oil price should recover 2nd half 2015.....2016 fly
SINGAPORE (Mar 4): Brent held above $60 a barrel on Wednesday supported by a hike in Saudi crude prices and strikes on oil facilities in Libya.
In a move widely seen as a vote of confidence by Saudi Arabia in demand recovery, the OPEC kingpin raised the official selling prices (OSPs) for its oil deliveries to Asia and the United States on Tuesday.
"This is a sign that prices have bottomed out because it means Saudi is confident in raising prices without being afraid of losing market share," said Tony Nunan, a risk manager at Mitsubishi Corp in Tokyo.
This joker analysis call sell or hold at low prices why ? I don't how they justify the share prices and maybe they graduate from diapex U so despite crazy prices.
AWARD OF AN UMBRELLA CONTRACT FOR THE PROVISION OF SPOT CHARTER MARINE VESSEL SERVICES
INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") wishes to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently received a Letter of Award from PETRONAS Carigali Sdn Bhd (“PCSB”) for the provision of spot charter marine vessels (“the Contract”).
DETAILS OF THE CONTRACT
The Contract is for a period of two (2) years effective from 29 January 2015 until 28 January 2017 with an extension option of one (1) year exercisable by PCSB, from 29 January 2017 to 28 January 2018.
Alam Maritim (M) Sdn Bhd has been awarded seven (7) out of the eight (8) packages offered by PCSB under the Umbrella Contract and allows the Company to provide marine vessels for the following categories:
(i) Anchor Handling Tug / Supply Vessel
60 MT
120 MT
150 MT
(ii) Straight Supply Vessel
(iii) Fast Crew Boat
(iv) Workboat
(v) Work barge
(vi) General Purpose/Utility Vessel
(vii) Platform Supply Vessel
The Contract shall enable ALAM to provide the vessels, crew and associated equipment for continuous 24-hour operations. The total value of the Contract will depend on the actual number of days the vessels are on-hire based on instructions from the PCSB from time to time during the Contract period.
FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2015 and beyond. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of ALAM.
RISKS ASSOCIATED WITH THE CONTRACT The risks associated with the contracts are mainly operational risks such as accidents and unexpected breakdown of vessels and delays due to human, mechanical and logistic factors as well as weather condition. In mitigating such risks, the Company will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. Further, ALAM has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining performance and seaworthiness of all vessels in ALAM fleet.
DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS
None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the abovementioned Contract.
DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the abovementioned Contract is in the best interest of the Company.
The announcement is dated 5 March 2015.
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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....
sayakamiyuki
367 posts
Posted by sayakamiyuki > 2015-02-25 20:38 | Report Abuse
Tp 0.59 by kenanga research