The least 1st qtr losses in last 5 years. Still optimistic about their subsequent quarters as long as the big players like Petronas continue the Capex investment that benefit the related industry players.
AGM on Thursday and establishment of 30% dividend policy meaning to conserve fund to buy back Penergy shares? Drop today meaning less fund need to use to buy back Penergy shares?
I am intrigued by their quarterly reports. Every 1st quarter also reported lost but this time better than the last two years result. Maybe incurred losses due to year end maintenance costs.
Osv 1st quarter tend to record lower profit. Perdana also show the same trend. Key field Osv can remain taking the job due to different anchoring system.
Every year this counter make lose could be due to bad weather in south east china specially monson weather cause the work in sea slow down. Right after this monson session months over the financial reports all good.
The price trend like reflecting there are too many OSVs in the market, no oil from Sk433 and Banang Late Life Assets PSC or oil price revert back to USD 20-30 per barrel. But the fact is totally opposite.
Still no analyst coverage for this stock. I guess they cant get any tickets, one of the hardest ticket to get on bursa. Cant wait for next quarter result.
No idea. Oil and gas sector most people think not sexy, not much player want to put in for long term. Probably need a lot more quarters and increasing profit and dividend to pull people in.
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5354_
4,793 posts
Posted by 5354_ > 2024-04-22 11:05 | Report Abuse
GPS pull out meaning Unity Govn collapse so who must take care Penergy(TPM Fadillah Yusof brother counter) share?