KUALA LUMPUR (Dec 1): Alam Maritim Resources Bhd ( Valuation: 1.50, Fundamental: 1.40) has been awarded a RM26 million contract from Petroliam Nasional Bhd (Petronas) for the provision of engineering, procurement, construction, installation and commissioning (EPCIC) of a pipeline for TCOT Effluent Discharge Line Extension Project, measuring one kilometer.
It doesn't matter how "many" contracts alam have, what they need is that big projects that comes in that can sustain their business in few years. The contract they get now mostly short term which is just can sustain few months business operation.
ALAM cash rich company. Just Hold for long term......return could be better than BANK interest. Only GOD know when oil price could return to USD60. Only GOD know when there will be another WAR.
2/12 RHB-OSK insists this is a "Trading Buy" with a TP of 0.56. Alam was at 0.475 then. Now, in less than a week, punters who had placed faith in RHB's call would have lost 9.5% of their capital. Goes to show these analysts don't know much better than us here. In fact, I'd much sooner listen to the opinions of a few people here than to buy something based on these analysts' TP.
Marketwatch 18thDec 2016....... Oil briefly rebounds to $100 While oil prices CLF6, -0.37% are under a lot of pressure heading into 2016, they will soon rally and bring $100 a barrel back onto the horizon. This will happen as OPEC — after struggling with the economic pain of weak oil prices — decides to cut production and break the downward price spiral, triggering a quick recovery with investors rushing to re-enter the market.
$100? Stop dreaming . US going to allow oil producer to export oil. Market will be flood with supply. Once price top 50, shale oil will start to increase production . No way oil can hit 60.
DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.
DUBAI (Reuters) - President Hassan Rouhani ordered his defence minister on Thursday to expand Iran's missile programme, in response to a U.S. threat to impose sanctions over a ballistic missile test Iran carried out in October.
"As the U.S. government is clearly still pursuing its hostile policies and illegal meddling ... the armed forces need to quickly and significantly increase their missile capability," Rouhani wrote in a letter to Defence Minister Hossein Dehghan, published on the state news agency IRNA.
U.S. President Barack Obama's administration is preparing new sanctions against international companies and individuals over Iran's ballistic missile programme, sources familiar with the situation said on Wednesday.
SHQuah - keep dreaming it will go up to 1.00 - all your branches are drying up and today it is only 42 cents and going lower - wait 5 years, maybe just maybe your dreams might come true.
all people know oil price is dropping, how can u expect go up now, quah is saying in the future, you wouldnt know what will happend in 1-2-5 years time, if have spare money now, of coz u can invest on oil n gas counter if international oil price really hit usd20-25, Saudi Arabia n Other Opec country also canot tahan low oil price for another 5 year.. so no need kutuk other people lah, got money u buy, no money, shout here curse here also u wont earn any $$
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....
annmix
1,521 posts
Posted by annmix > 2015-11-27 17:12 | Report Abuse
market sentiment is no good.. hv to be patient