Good company, well managed with some contracts in hand n profitable n an advancement of few cents a day is very good already. When oil price improves further it'll advanve more!!! At the moment I'm keeping this counter for long term!
goldman sach say usd200 for brent for next 12 months in 2013, and 2014 it went down till 60, so u still believe them ? what a joke .. these big company are jus shorting oil price, small fish like us just get panicked by thier call n sell at cheap price, these are jus plain manupulating.. mayb another month another call or story will change
KUALA LUMPUR (Sept 14): Malaysian Prime Minister Najib Razak said on Monday a government equity investment firm would be given 20 billion ringgit (US$4.6 billion) to shore up the country's stock market, and announced other measures to support its slowing economy.
Najib told a newsconference the equity investment firm, ValueCap, will invest in undervalued Malaysian companies.
He also announced that the factory sector would be exempted from import dutires until the economy recovers, but did not specify which sectors would be affected.
The ringgit currency has lost almost 19% of it value against the dollar so far this year, and Malaysia's stock market has retreated 8.95% this year.
KUALA LUMPUR (Sept 21): The last three trading days in the last week, could be a turning point for Bursa, according to MIDF Research, as investors classified as “foreign” turned net buyers of equity listed in the open market on Bursa.
In his weekly fund flow today, MIDF Research head Zulkifli Hamzah said the amount mopped up was RM685.0 million
Brent crude oil yesterday trade breakout above USD50, but profit set in to limit and fall back below USD 50.....but, it just a matter of time, soon or later only
Russia's energy minister said on Saturday that it was ready to meet with OPEC and non-OPEC oil producers to discuss global oil markets if such a meeting was called. He said a separate meeting between Russian and Saudi officials was being planned for the end of October.
I opt to focus and concentration on Armanda and skept for oil and gas exposure, stock pick now down from previous 4 stocks (alam, armanda, knm, sket) to 2 stocks (armanda and skept) now.
It solely based on own portfolio adjustment. No misleading here.
If anyone have no plan to buy ALAM for long term, please don't buy ALAM. Contra player is not welcome. Very disappointed with those selling ALAM shares.
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....
TengkuFaisal
1,132 posts
Posted by TengkuFaisal > 2015-09-12 17:01 | Report Abuse
mind you. oil at 30. or even today price. in prolong for next 12 months. will kill many resources based countries incl malaysia.
at current price is ICU. anything lower than 40 is death.
30? 20?
i can't imagine wat would happen to global economy, must ask the 2016 nobel price finance winner icon8888 liao.