fahmi101, thanks for the sharing, as summary "“We believe asset owners in the rig (UMW O&G and Perisai Petroleum Teknologi Bhd) and the OSV segment (Alam, Icon Offshore Bhd, Dayang Enterprise Holdings Bhd and Coastal Contracts Bhd) would be hard hit."
“We upgrade Icon, Perisai Petroleum Teknologi Bhd, SapuraKencana Petroleum Bhd (SapKen) and UMW O&G to trading buys with unchanged target price. These stocks, in our view, are oversold, attractively valued, high beta proxies to any potential rebound in oil prices and weaker US dollar,” Maybank IB said.
A lot of stupid panic investors sell when the oil price is down. Then later buy back at higher price when oil price is up. I always buy when oil price is down and hold on when oil price is up. I've confident that oil price will go up above US$50 per barrel or even US$60 end of this year or maybe early next 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....
stocksyndicate
1,164 posts
Posted by stocksyndicate > 2016-01-12 17:35 | Report Abuse
Wait for oil to touch USD 20 than only buy. By than alam worth 0.25