Posted by Alias258 > 2013-09-02 19:44 | Report Abuse

Janji di capati! Nambikai everyone.

Posted by Alias258 > 2013-09-02 19:52 | Report Abuse

janji di tepati, rakyat di dahulukan!!! harga minyak naik. harga kereta same GST dikenakan, taklamalagi, electicity pun naik karang.

Posted by MAMEE MONSTER > 2013-09-02 20:53 | Report Abuse

It is good news for O & G company because they will make more profit, at least, for short-shortermedium of time. No problem, He is increasing the subsidies.

For me, profit from Alam enough for me to pump oil for 1000 years. MAMEEEEEEEEEE

Posted by MAMEE MONSTER > 2013-09-02 20:55 | Report Abuse

Crude oil 85 → 105, = + 20%
RON95 1.90 → 2.10 + 10% nia,


hmmmm.......

Posted by MAMEE MONSTER > 2013-09-02 20:55 | Report Abuse

Don't worry, eat MAMEE.

Posted by Tiger216 > 2013-09-03 10:14 | Report Abuse

Cant wait to see Alam to go up soon....:)

Posted by lonepos > 2013-09-03 12:19 | Report Abuse

Everything gonna go up, up, up except the stock mart, now, that fuel has gone up 11%

Posted by keyin > 2013-09-03 15:42 | Report Abuse

No any suprise.....sien..

Posted by amandang > 2013-09-03 23:10 | Report Abuse

OTHERS PROVISION OF ONE (1) UNIT ANCHOR HANDLING TUG VESSEL AND ONE (1) UNIT STRAIGHT SUPPLY VESSEL

Type Announcement
Subject OTHERS
Description PROVISION OF ONE (1) UNIT ANCHOR HANDLING TUG VESSEL AND ONE (1) UNIT STRAIGHT SUPPLY VESSEL






INTRODUCTION

The Board of Directors of Alam Maritim Resources Berhad ("AMRB" or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently received two award letters from an established oil and gas company (“the Client”) for the provision of one (1) unit Anchor Handling Tug vessel (“Contract 1”) and one (1) unit straight supply vessel (“Contract 2”), [collectively to be referred to as “the Contracts”].



DETAILS OF THE CONTRACTS

The duration of “Contract 1” is for a primary period of 12 months with an optional period of six months. The duration for “Contract 2” is for a period of 12 months with an optional period of another 12 months. The total value of the Contracts is approximately RM37 million (inclusive of the optional periods if exercised by the Client).


RISKS ASSOCIATED WITH THE CONTRACTS

The risks associated with the Contracts are mainly operational risks such as accidents and unexpected breakdown of vessels. In mitigating such risks, the Company has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining performance and seaworthiness of all vessels.



FINANCIAL EFFECTS

The Contracts are expected to contribute positively to the earnings and net assets of AMRB for the financial year ending 31 December 2013 up to 2015. Notwithstanding this, the Contracts are not expected to have any material effects on the share capital and shareholding structure of the Company.



DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS

None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the Contracts.


DIRECTORS' STATEMENT

The Board of Directors of AMRB is of the opinion that the acceptance of the Contracts is in the best interest of the Company.



This announcement is dated 3 September 2013.

Posted by fauzyrusdeny > 2013-09-03 23:23 | Report Abuse

good news...what happen for alam? will fly fly...

Posted by Tiger216 > 2013-09-04 08:48 | Report Abuse

lets pray it will fly higher.....

Posted by amandang > 2013-09-04 09:01 | Report Abuse

up 0.03

Posted by rayhvs > 2013-09-04 09:08 | Report Abuse

up up up up pls

Posted by minitrader > 2013-09-04 10:21 | Report Abuse

have a look at Iris n how they makan 0.09

Posted by minitrader > 2013-09-04 10:22 | Report Abuse

sorry not Iris But SILVER

Posted by Affandy > 2013-09-04 10:28 | Report Abuse

Got new contract RM37 Million..... Up...... Up.........up

Posted by inikalilah888 > 2013-09-04 10:35 | Report Abuse

Got new contract also down...sad :(

Posted by rayhvs > 2013-09-04 10:38 | Report Abuse

What to do? our KLCI drop 13 points. Don't expect it can be bounce high. =(

Posted by Tiger216 > 2013-09-04 10:40 | Report Abuse

Maybank remain TP 1.9

Posted by minitrader > 2013-09-04 10:43 | Report Abuse

Whatever TPs set by the research houses, sometimes it's the mkt makers or syndicates that determine prices, be it the big boys, fund managers or cari makan syndicates...

:(

Posted by kinkudes_hc > 2013-09-04 10:45 | Report Abuse

careful guys.... break triangle pattern already below 1.4...

Posted by minitrader > 2013-09-04 11:09 | Report Abuse

lots of burnt fingers in this kind of mkt...:(

Posted by Affandy > 2013-09-04 13:00 | Report Abuse

Maintain BUY and MYR1.90 TP. OSV hiring momentum is strong, in tandem with the intensification of drilling plans, improving prospects for local vessels. These MYR37m new contracts take Alam’s YTD OSV job wins to MYR818.9m. Our forecasts are unchanged, which has upside if Alam is to acquire and charter out new OSVs or secure more Inspection Repair Maintenance (IRM) jobs later this year. We retain our BUY call and MYR1.90 TP, pegging the stock to a target FY14 PER of 15x, implying an FY14 PBV of 2.1x vs its 8-year +1SD of mean PBV of 2.xx.

MYR37m contracts. Alam has clinched 2 OSV charters, comprising 1 AHTS and 1 SSV, with tenures of 12 plus 6 (extension option) months and 12 plus 12 months respectively. We believe these vessels would be deployed from Alam’s associate or JV units; they are newer vessels and thus more competitive. The total contract value of MYR37m equates to an estimated daily charter rate (DCR) of USD1.80/bhp (based on a USDMYR rate of 3.30) for both vessels, comparable to the market rate for the 5,000bhp series.

Maintaining forecasts. Assuming a 25% net margin, we estimate the 2 contracts would earn Alam MYR4.6m in associate profits over the contract tenure. We make no change to our forecasts as we have modelled wins for Alam’s associate and JV vessels. A re-rating that we look forward to is a decisive turnaround in Alam’s OIC and underwater services units, which would see Alam emerging as an established offshore construction and installation services provider.

Expect a newsflow-driven 4Q13. Alam stands to benefit from; 1) another wave of OSV charter awards, 2) IRM job tenders, estimated to be worth a total of MYR1.1b-1.6b over 3-4 years and 3) new bids for the next round of Pan-Malaysia T&I umbrella contracts reportedly worth a total of MYR3b-5b and executable over 2-3 years. We believe Alam is bidding for these contracts, which are to be awarded in 3Q-4Q13/1Q14.

Source: Maybank Research - 4 Sep 2013

Posted by inikalilah888 > 2013-09-05 16:36 | Report Abuse

ZZzzzz.....

Posted by kinkudes_hc > 2013-09-05 22:40 | Report Abuse

this is it... the moment of truth.... if open higher 1.44.... i buy kasi kao kao

Posted by Hui Chan Why > 2013-09-06 17:07 | Report Abuse

1.4 1.41 1.4 1.41......Zzzzzzzzzzzzzzzzzzzzzzzzzz

Posted by usry > 2013-09-06 17:31 | Report Abuse

Sleep well.... Boring....

Posted by Ikan Emas > 2013-09-08 11:38 | Report Abuse

Thanks

Posted by ikanbilis1983 > 2013-09-08 16:40 | Report Abuse

alam dan manusia bila mau naik weiiii....

Posted by Phantom > 2013-09-08 22:09 | Report Abuse

Dah naik

Posted by Affandy > 2013-09-09 10:57 | Report Abuse

Naik pening......

Posted by amandang > 2013-09-09 12:12 | Report Abuse

zzzz

Posted by amandang > 2013-09-09 12:13 | Report Abuse

The busy weekly recommended to buy

Posted by inikalilah888 > 2013-09-09 15:33 | Report Abuse

Wake up lo...wanna sleep till when ah??

Posted by Affandy > 2013-09-09 16:38 | Report Abuse

Can't wakeup already..... Toooo tired....

Posted by usry > 2013-09-09 18:05 | Report Abuse

Doji close with a volume increase.. good sign if tomorrow market in a good mode..

Posted by hqwrqeqwcbrw > 2013-09-09 22:53 | Report Abuse

Loji close with a volume incese

Posted by amandang > 2013-09-09 23:04 | Report Abuse

HOPE so~

Posted by Teow > 2013-09-09 23:32 | Report Abuse

Go go go. Seen upside,

Posted by JTFX > 2013-09-10 08:06 | Report Abuse

Wall Street Rallies on China Data..Dow Above 15,000..U.S. stocks rallied on Monday, with the Nasdaq Composite ending at its highest level since September 2000, as upbeat data from China boosted sentiment about the global economy and concerns eased about an imminent Western strike against Syria.

Posted by Affandy > 2013-09-10 09:40 | Report Abuse

Alam with little bt of energy.... Hopefully can go further up

Posted by Phantom > 2013-09-10 12:23 | Report Abuse

Hentam 2.22

Posted by amandang > 2013-09-10 12:24 | Report Abuse

@_@.... Alam no energy~

Posted by inikalilah888 > 2013-09-10 12:29 | Report Abuse

Raining day good for sleeping...ZZzzzz

Posted by usry > 2013-09-10 12:42 | Report Abuse

I've no word to comments.. ^..^
market in a rally mode today but Alam just closed in 'inverted hammer' for morning session. If no moving this afternoon session than we miss 1 day of Rally..

Posted by Affandy > 2013-09-10 13:07 | Report Abuse

Already miss morning "Rushing" trade time.....

Posted by inikalilah888 > 2013-09-10 16:19 | Report Abuse

got movement finally....:)

Posted by usry > 2013-09-10 16:21 | Report Abuse

ayo.. baru bangun ka..? by the way thanks.. u never disappointed me..

Posted by usry > 2013-09-10 17:06 | Report Abuse

closed with white candle and good volume.. hope tomorrow market still in a good mode and Alam can continue it journey. 1st resistant at RM1.47 level.

Posted by Phantom > 2013-09-10 19:50 | Report Abuse

Hentam 2.22