Posted by SuperPanda > 2019-08-23 18:40 | Report Abuse

if +ve then will be above expectation.. price will shoot up

Posted by 5c0160 > 2019-08-23 20:20 | Report Abuse

??

Posted by 5c0160 > 2019-08-24 17:30 | Report Abuse

Dow big drop . Monday 0075

Posted by Leoleo > 2019-08-27 09:35 | Report Abuse

MArch 2015 when oil price dropping . the boss still spend 60 M to purchase a OSV..
What a sohai boss. last year he said will not focus on OSV biz anymore .


https://www.offshoreenergytoday.com/alam-maritim-in-osv-buy/

Posted by Leoleo > 2019-08-27 09:40 | Report Abuse

beware of impairement on OSV segment.

Posted by Mynihar Nihar > 2019-08-27 13:01 | Report Abuse

cerita tahun 2015

Posted by SuperPanda > 2019-08-27 20:43 | Report Abuse

thats how market works, a good can be bad and a bad can be good.. its a cycle

Posted by T800Terminator > 2019-08-27 21:24 | Report Abuse

PN17 soon, how soon, next week? Next month? Tomorrow? So subjective your statement. Like no brain childish.

Posted by Md Zin Saleh > 2019-08-28 07:49 | Report Abuse

With currently almost rm1b contracts in hand that last 3-5 years, it's most unlikely into pn17.
I would reckon it's revenue for this 2Q is around rm80m, if they have received the first preliminary payment from the latest contract secured in March this year.

Posted by T800Terminator > 2019-08-28 12:22 | Report Abuse

Wah. No volume today. Operator waiting for QR?

Posted by T800Terminator > 2019-08-28 20:23 | Report Abuse

Too much is how much actually?

Posted by SuperPanda > 2019-08-28 23:06 | Report Abuse

a loss is expected but the future growth is clear too.. this is not barakah.. dont worry.

Posted by SuperPanda > 2019-08-28 23:06 | Report Abuse

if by Q1 next year it still not profitable, i buy you all drinks : )

Posted by acinanatucer > 2019-08-29 11:53 | Report Abuse

O&G stocks regain interest as crude price stabilises

“Oil prices firmed recently but we believe the drivers behind this are likely to be short-lived,”

https://klse.i3investor.com/blogs/ongmy/222272.jsp

Posted by T800Terminator > 2019-08-29 20:12 | Report Abuse

I wish. Tomorrow Q at 0.07 ok?

Posted by T800Terminator > 2019-08-30 13:35 | Report Abuse

QR out. Revenue increased a lot. On par with Y2018 even though 2 qtrs revenue only. Whole year will >200M revenue? And Y2019 profit 10M?

Posted by SuperPanda > 2019-08-30 14:21 | Report Abuse

for me this is very encouraging rpt, as expected still a loss but very +ve

collect more for next year profit

Posted by SuperPanda > 2019-08-30 14:22 | Report Abuse

revenue increase significantly.. alam is my next year germ now

armada another one : )

Posted by annmix > 2019-08-30 16:02 | Report Abuse

look positive.. hopefully secure more contracts

Posted by bigman888 > 2019-08-30 16:54 | Report Abuse

Im not greedy...but hope the price will hit 0.20 by year end

Posted by Md Zin Saleh > 2019-08-30 17:35 | Report Abuse

First two quarters revenue is rm94m. Next two quarters expected revenue is around rm200m. Maybe about rm100m for the next 3Q. Keep!

Posted by SuperPanda > 2019-09-01 07:16 | Report Abuse

.20 is sure, only time will tell, this stock character match with my long term investment criteria

if in case recession happen, i believe it will only drop to .07 the most, so quite safe

100% gain next year, see u there

Posted by bizzybone > 2019-09-03 09:07 | Report Abuse

Btw, Maybank upgraded Alam to RM0.18.

Not a buy call, just FYI for those not aware.

Posted by bros > 2019-09-03 12:47 | Report Abuse

tq bizzybone

Posted by T800Terminator > 2019-09-03 12:50 | Report Abuse

Wow. That will be 100% gain if Maybank top price realized soon. Son 0.10?

Posted by bigman888 > 2019-09-03 16:30 | Report Abuse

din see any price target from Maybank

Posted by 5c0160 > 2019-09-03 18:50 | Report Abuse

0.08

Posted by T800Terminator > 2019-09-03 23:13 | Report Abuse

September 2, 2019
Alam Maritim (AMRB MK)
Exited CDRC; a positive catalyst
BUY
Share Price
12m Price Target Previous Price Target
Company Description
[Prior:SELL]
Raised TP from MYR0.06 to MYR0.18; U/G to BUY
1H19 core loss was in line with our estimate. We raise FY20-21E earnings on improving prospects (higher OSV utilisation & underwater services ops). Also, Alam has exited the CDRC scheme, which is a positive catalyst that warrants a valuation re-rating. Our revised TP (+200%) is based on a higher 0.4x BV to reflect mean valuations post sub-USD100/bbl oil price vs. 0.1x BV previously (a debt default risk valuation).
OSV ops turnaround in 2Q19
2Q19 core net loss of MYR4m (-29% QoQ; -72% YoY) took its 1H19 core loss to MYR9m (-56% YoY), accounting for 49% of our FY estimate. The lower QoQ loss was driven mainly by the turnaround at its OSV division. Despite registering lower utilisation, it managed to reduce opex and reported MYR1m in EBIT (vs. LBIT of MYR2m in 2Q19). This was, however, offset by the continuous losses at its associate (-MYR2m) and underwater services division (-MYR2m), respectively.
Improving prospects
Its net gearing level was 12% at end-Jun 2019. We understand that Alam has recently exited the CDRC scheme, a positive re-rating catalyst, in our view. There is no debt haircut except for: (i) a 7-year extension on principal debt repayment up to 2024; and (ii) lower interest rates (5% now vs. 6-7%). This is a positive from a cashflow and working capital perspective. Operationally, it has reactivated 2 OSVs for charter in 3Q19 with 4-5 to go (currently docked), which will further strengthen its financials ahead. Notwithstanding that, its underwater services activities will also see improvement, driven by Vestigo’s EPCI USD59m contract.
Raise FY20-21 earnings; the worst is over
Our FY19 earnings are unchanged but we raise FY20-21 earnings to reflect improved OSV and underwater services ops. We now expect lower interest expense, higher OSV utilization of 70-71% (+1-2ppts) and lower opex (-8-12%) for FY20-21. All in, we expect Alam to break-even (ex-OSV assets impairment) in FY20 and return to profit in FY21.
An OSV service provider, operating largely in Malaysia
FYE Dec (MYR m)
Revenue
EBITDA
Core net profit
Core EPS (sen)
Core EPS growth (%)
Net DPS (sen)
Core P/E (x)
P/BV (x)
Net dividend yield (%) ROAE (%)
ROAA (%)
EV/EBITDA (x)
Net gearing (%) (incl perps) Consensus net profit
MKE vs. Consensus (%)
Liaw Thong Jung tjliaw@maybank-ib.com (603) 2297 8688
FY17A FY18A
161 93 (36) (72)
FY19E
172 33 (18) (2.0) nm 0.0 nm 0.2 0.0 (4.7) (2.9) 2.2 net cash (19) 0.7
FY20E
199 45 0 0.0 nm 0.0 nm 0.2 0.0 0.0 0.0 0.6 net cash (14) 100.1
FY21E
216 49 4 0.5 57,925.0 0.0 20.5 0.2 0.0 1.1 0.7 nm net cash (10) 141.7
(98) (10.6) nm 0.0 nm 0.3 0.0 (21.8) (10.8) nm 16.1 - -
(84) (9.1) nm 0.0 nm 0.2 0.0 (35.0) (11.3) nm 10.2 - -
Statistics
52w high/low (MYR)
3m avg turnover (USDm) Free float (%)
Issued shares (m) Market capitalisation
Major shareholders: SAR Venture Lembaga Tabung Haji Caprice Capital Intl.
Price Performance
0.240 0.220 0.200 0.180 0.160 0.140 0.120 0.100 0.080 0.060
Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 Mar-19 Jun-19
Alam Maritim - (LHS, MYR)
Alam Maritim / Kuala Lumpur Composite Index - (RHS, %)
Absolute (%) Relative to index (%) Source: FactSet
-1M -3M -12M
0 6 (24) 1 8 (14)
MYR 0.10
MYR 0.18 (+89%) MYR 0.06
0.15/0.07 0.1 45.0 924 MYR87.8M USD21M
35.7% 10.1% 7.8%
210 190 170 150 130 110 90 70 50 30
THIS REPORT HAS BEEN PREPARED BY MAYBANK INVESTMENT BANK BERHAD
PP16832/01/2013 (031128)
SEE PAGE 7 FOR IMPORTANT DISCLOSURES AND ANALYST CERTIFICATIONS
Malaysia Oil & Gas Shariah Compliant

Alam Maritim
Summary Results Table

Posted by SuperPanda > 2019-09-04 15:21 | Report Abuse

its a buy call for me and accumulation at .09, all for next year return..

Posted by T800Terminator > 2019-09-04 15:34 | Report Abuse

Yup. 100% return from Maybank IB forecast.

Posted by Davidyeap > 2019-09-05 09:10 | Report Abuse

被低估

Posted by acinanatucer > 2019-09-05 11:14 | Report Abuse

Still can survive hoo? Good2.

Posted by T800Terminator > 2019-09-06 15:27 | Report Abuse

Hopeless? Nope, it goven opportunity for you to buy low.

Posted by T800Terminator > 2019-09-10 12:27 | Report Abuse

Son or mother? If mother, sell to me pls.

Posted by SuperPanda > 2019-09-10 17:45 | Report Abuse

keep accumulating for next year 100% gain, be patient..

Posted by SuperPanda > 2019-09-10 17:46 | Report Abuse

if you no confident with alam revival, try to read their AR.. the way they report the business.. very encouraging

Posted by SuperPanda > 2019-09-10 17:47 | Report Abuse

once operation makes profit, it will shoot up just like bumi armada did

Posted by T800Terminator > 2019-09-11 11:57 | Report Abuse

Vol started to pick up this week in uptrend mode.

Posted by Davidyeap > 2019-09-11 13:40 | Report Abuse

Right

Posted by SuperPanda > 2019-09-11 22:05 | Report Abuse

penergy, dayang, icon, carimin, velesto all has gearing up winning contract from petronas... alam will be next

Posted by SuperPanda > 2019-09-11 22:07 | Report Abuse

just patiently wait and accumulate more 0.09-0.95

Posted by T800Terminator > 2019-09-11 23:04 | Report Abuse

Precisely. Accumulate more when it still weak.

Posted by freddiehero > 2019-09-11 23:17 | Report Abuse

mana shoot like bumi saja meh?

Posted by freddiehero > 2019-09-11 23:18 | Report Abuse

is like.uzma lo.. let make a wish la..

Posted by SuperPanda > 2019-09-12 11:39 | Report Abuse

alam is underdog in o&g, same level with icon and barakah.. compare the 3, alam has lower gearing and firm order book

its only abt time it fate to change, so start to invest more when weak and hold

uzma, penergy, carimin has upped almost 100% from its lowest, you can buy them back when market bearish but not when they are at peak now

Posted by Victory99 > 2019-09-12 16:40 | Report Abuse

Agree....

Posted by Victory99 > 2019-09-13 15:14 | Report Abuse

Huge potential and undervalued gem. Just wait patiently for the O & G theme play. Expect more than 100% return for this one.....

Posted by Mabel > 2019-09-15 13:31 | Report Abuse

Read this. High chance Alam Maritim will shoot through the roof next week.
https://klse.i3investor.com/blogs/kingcatkingcat/224966.jsp

Posted by Mabel > 2019-09-15 21:58 | Report Abuse

Read this
https://oilprice.com/Geopolitics/International/100-Oil-Drone-Strikes-Halt-Half-Of-Saudi-Crude-Production.html
Half of Saudi Arabia's oil production has gone offline following a surprise drone strike.

Posted by Michael Kwok > 2019-09-15 23:51 | Report Abuse

I agree.Alam will be passing 20 cent worst case scenario.If things gone 2-3 quarter of of increase in profit consecutively then testing the 30 cent possible.Finally we agree with this counter.