A good start in making money! Revenue improve tremendously! Next q still hv remaining >100m revenue to go. Some new projects wth better margin is expected fr coming yrs. Cheers.
Stock: [ALAM]: ALAM MARITIM RESOURCES BHD Nov 10, 2019 10:34 PM | Report Abuse
Read announcement report previously. One job secured 59MUSD will be realized end of Q42019. Job order started Q22019. It means Q32019 we should see Alam revenue 80-100M and Q42019 will be remaining balance of 59MUSD. Hmmmmm coming qtr report should profit?
Plus they have been accumulating from 0.09-0.105 for quite sometime already. Pushing the stock might not be tough. *finger cross. Let's see tomorrow. Sleep tight for show tomorrow.
Extreme improvement quarter result. Latest quarter revenue increased ~400% compare to previous year's quarter. "The Group’s revenue for the current quarter of RM114.60 million was higher than the preceding quarter's revenue figure of RM66.39 million with a favourable variance of 73.5%. This was mainly due to higher revenue contribution from OIC segment during the current financial quarter under review. The profit before taxation for the current financial quarter was recorded at RM1.18 million as compared to loss before taxation of RM5.02 million registered for the preceding financial quarter."
already recognised means what? Alam is undergoing turnaround from loss making to profit making. If all the while if profit making, it wont be trading at rm10cent.
Yup. From low revenue to sustainable revenue. It’s essential for s turnaround company. Market maker will do their part to push up the price. TP0.18 as predicted by maybank.
Posted by ChoCho > Nov 19, 2019 11:11 PM | Report Abuse
already recognised means what? Alam is undergoing turnaround from loss making to profit making. If all the while if profit making, it wont be trading at rm10cent.
Alam revenue up is because of below project. 240m. This projecf contribite revenue From march till end of this year. If exclude this projecf revenue. The revenue figure will be much lower. Next year revenue will drop back . If it didnt win new project.
Alam Maritim Resources Bhd has bagged a US$59 million (RM240 million) contract to procure, construct and install a pipeline system.
The contract is for the Tembikai Non Associated Gas (TNAG) development by Vestigo Petroleum Sdn Bhd, a wholly-owned subsidiary of Petronas Carigali Sdn Bhd.
The contract’s duration is from March 5 until the work’s completion, expected to be in the fourth quarter of this year.
once they are able to size down their fleet of vessels its going to be a shooting star for ALAM. Armada was in the same dung hole when their vessels are not fully optimized....50c in 6 months is possible.
view only dont buy you get nothing, for me every 1c up = rm10k ________________ Chokhmah been viewing this counter for a while but the quarter result is not as expected still 20/11/2019 6:49 AM
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lextcs
1,961 posts
Posted by lextcs > 2019-11-18 10:31 | Report Abuse
BUY STRONG BUY GOOD BUY