Alam loss more than 2 Millions. No as bad as Bumi Armada. Result not so good but consider not so bad due to low oil price. Hope oil price recover after OPEC meeting.
This was due to losses suffered by associates, jointly controlled entities and unrealised foreign exchange losses, the group said in a filing with Bursa Malaysia today.
SINGAPORE (Nov 30): OCBC Investment Research believes the worst might be over for the oil and gas sector, with less downside risk than a year ago and most of the negatives having been priced in.
“Currently, many companies are now trading at about 0.5x book or lower, with a few exceptions,” says OCBC lead analyst Low Pei Han in a Wednesday report.
The challenge now, Low says, is in “picking companies with the ability to ride the downturn” and “identifying the inflection point in which a sustainable recovery would begin”.
yes. looking forward their next quarterly report. Next year should be recovery year and 2018 should be bull year for oil. Alam expected profitable and gap up back to 1.00
yet got so many people bought so much volumes. 3 persons games. A pass to B, B pass to C. C pass back to A. round and round. Then the shares can only go up.
Yesterday I bought 0.19......This morning sold at 0.22. Now bought back at 0.205
When oil price is breaking USD 50.00 and firm for couple of days that will make good oil and gas counters bound back significantly as they have dropped all the time low like "Alam Maritim" dropped as low as 19 cents .
investment bank just make the story they want ppl to know. like sometimes they use PE to judge a stock value. sometimes they use PB, or even use growth story.
Alam only loss 2 millions should be consider very good. Compare to Bumi Armada, UMWOG & KNM which loss a lot of $$$
NTA (Net Tangible Assets) = RM0.93 4 times below value. - Can make 400% profit if go up to RM0.93 Next year if Petronas increase back the charter rate. ALAM should go back to Profit.
Strait to the main point that if cruse oil price stabilised at the range between USD 50 to 55 dollars this counter (Alam M) will turn back to RM0.30 easily on potential projects to be awarded by Petronas and overseas given that stable oil price at the range and US shale oil production cost at the range as well and the OPEC and Russia oil production deal is delivered next year January.
The main point is this counter did not suffer huge loss and even posted marginal profit as well in the past quarter as compared to Armada and UNW oil & gas which suffered huge losses in the past quarter. But il this counter share price hit lowest of RM0.19. It is very to put money in this counter at this very reasonable price. Good luck !!
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....
steveooikp
4,689 posts
Posted by steveooikp > 2016-11-25 07:31 | Report Abuse
substantial shareholder.... bcos they are rich mah.
kyy also rich man... can be substantial share holder here and there, anytime...