The research house maintained its earnings forecast and target prices for all oil & gas companies under their coverage but upgraded Alam Maritim Resources Bhd (AMRB) ( Financial Dashboard) and Petra Energy Bhd (PENB) ( Financial Dashboard) to “Buy” on their share price weakness.
KUALA LUMPUR, July 1 (Reuters) - Fitch maintained Malaysia's long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with outlook revised to stable from negative previously. Fitch said in a statement that Malaysia's fiscal finances have improved and views progress on the Goods and Services Tax (GST) and fuel subsidy reform as supportive of the fiscal finances.
Alam Maritim to report better earnings in 2H15, says AffinHwang Capital
KUALA LUMPUR (July 9): AffinHwang Capital Research has maintained its “Buy” rating on Alam Maritim Resources Bhd (AMRB) at 49.5 sen with an unchanged target price of 72 sen and said it expects AMRB to report better earnings in 2H15 (vs 1H15) driven by higher subsea / OIC work flows and higher OSV utilisation.
In a note today, the research house said its 2015E core net profit forecast of RM46 million looked reasonable, but 2016-17E outlook was less certain, as most of AMRB’s jobs in hand were short-term works.
“Maintain Buy on undemanding valuation of 0.5x price-to-book, a historical low,” it said.
HA HA HA HA HA - Wonder if people know that 35 million barrels of Crude Oil is about to flood the market in a few months time ... HA HA HA HA HA...... THIS IS THE BIGGEST PROBLEM EVER. Recovery is like 9 months away...
Oil price factored Iran way back in early 2015. This is absorbed - now the balancing act will take place when the shale oil fields deplete - 2nd half of this year is when oil will rally up
According to Saturday Thestar paper, Petronas this year is producing more oil than last year. Down stream oil support is actually getting more job than last year.
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....
yingkang87
445 posts
Posted by yingkang87 > 2015-06-29 22:13 | Report Abuse
u bottom fishing? Based on CCI the share was oversold I think the resistance is thr!!!