If oil price rebound, oil majors can afford better and more oil field services. Petronas expected to award more contracts in Sarawak in view of coming state elections.
This counter won't die...if die,perisai/icon will die first...this counter still have positive profit...and don't remember this counter normally post bad result in this quater...
The profit is from tax reversal and will have positive impact on cash-flow since the company need not pay the taxes. The loss is from asset impairment - an accounting provision for estimated loss of value of assets beyond normal depreciation. This is due to the prevailing bearish market conditions and do not affect cash-flow. This can be written back again if market conditions improve and value of assets is revised upwards due to increase charter rates etc.
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....
ssboy
1,318 posts
Posted by ssboy > 2016-02-13 07:56 | Report Abuse
Up 2.81...monday meletup liao....kikikikikiki...