Posted by Crasd123 > 2019-02-15 21:21 | Report Abuse

Borniol future rm33, back to yr 1992, Sugar bun is Bornoil rm33

Posted by BananaGoreng > 2019-02-18 14:51 | Report Abuse

Goreng Goreng

Posted by firewall9301 > 2019-02-18 15:01 | Report Abuse

Buy Back spree from Mgmt of Bornoil. No Ang pow this year. Maybe duit HRaya later. Cheers

Posted by Cojack31 > 2019-02-18 17:59 | Report Abuse

Up..up..will fly soon..

Posted by BigWin1688 > 2019-02-19 12:24 | Report Abuse

not soon, is coming...

Posted by BigWin1688 > 2019-02-19 12:24 | Report Abuse

tp: 0.35 this year

Posted by firewall9301 > 2019-02-19 19:35 | Report Abuse

Probably attend Bornoil AGM in Labuan to find out more from the directors??

Posted by rhinos > 2019-02-20 15:06 | Report Abuse

No hope

Posted by commonsense > 2019-02-21 13:12 | Report Abuse

Reading the commentaries in this forum, I think some people still think that the company profit is highly dependent on gold price/ outlook. It’s actually no longer the case.

The company main revenue comes from their F&B business, SugarBun and Pezzo. However, a big chunk of the profit actually comes from the limestone business. Gold division only contributes around RM700k of revenue in the 1Q19 (from its operation in Bukit Ibam, Pahang). In 2Q19, total gold mine is only around RM600k (based on the monthly mining report to Bursa).

The rest of the mining revenue, amounting to more than RM3mil in 1Q19 was actually from the sales of limestone which is also the main contributor to the profit of the group. Limestone in general is used to manufacture building materials like cement, mortar and concrete. So, given that the company’s profit is highly correlated to the sales of limestone which depends on the demand for building material, we can actually deduce that Borneo Oil is actually highly correlates with the construction or property industries rather than the gold mining industry.

In 1Q19, the company sales of limestone drop substantially to only 101,00 MT compared to 4Q18 sales of 435,000 MT, a drop of more than 75%. Sales of limestone is expected to be low at least until the return of upcycle for the construction industry (which might not be in the near term). With this in mind, investors need to be prepared for the company to continuously post low profit in FY19.

If you are looking to diversify your portfolio outside of Borneo Oil (due to its weak earnings outlook) I would recommend you to look at MBMR. (https://klse.i3investor.com/servlets/stk/pt/5983.jsp)

MBMR is a direct proxy to Perodua via its 22.6% interest in the company. Valuation is cheap at only 7.0x PE (based on target FY18 profit of RM145mil. 9m profit is already RM106mil). PB is low at only 0.7x BV. 4Q18 results (which should be out by next week) is expected to be higher than 3Q18 and last year's 4Q17.

FY19 growth will be driven by the still high demand of the new Myvi and the newly launched SUV Aruz and also the newly revamp Alza in 2H19. The recent announcement of closure and potential disposal of the loss-making alloy wheel manufacturing business alone is expected to boost the company’s profit by an additional RM20mil. I am projecting a profit to shareholder of RM170 mil for FY19 which at the current price values MBMR at only 6.0x PE.

Please go through the analyst reports and do your own analysis before making any decisions. There are 8 analysts in total covering the stock with most of them having a TP of above RM3 (all have a buy rating). The average TP for the 8 analysts is around RM3.50.

Good luck.

Posted by KSLI > 2019-02-21 15:36 | Report Abuse

bornoil no oil to jalan

Posted by firewall9301 > 2019-02-22 18:00 | Report Abuse

Rate of Jan 2019 gold production has not improved compare with previous 2018 productions despite launching new mining technology. ! Was the new tech successfully launched?? What abt the palm oil bio diesel??

Posted by birdparadise > 2019-02-23 21:55 |

Post removed.Why?

Posted by alex hao > 2019-02-28 17:19 | Report Abuse

Habis. Qr result gg. Road to Holland

Posted by Crasd123 > 2019-03-02 15:21 | Report Abuse

Bornoil will come Carlsbetg rm25

Posted by firewall9301 > 2019-03-03 22:21 | Report Abuse

Crasd123....what u took for Lunch?? Dont blur blur la! 2.5 sen leh...

Posted by FarmbesFlyer > 2019-03-06 00:18 | Report Abuse

Buy some to keep.

Posted by Snake > 2019-03-07 15:02 | Report Abuse

Lousy....

Posted by Sales > 2019-03-08 15:35 | Report Abuse

Their revenue is going up, but profit down. Anyway, revenue going up, is good.

Posted by Crash123456buil > 2019-03-10 23:37 | Report Abuse

Bormoil, same as Sugar Bun, highest prive 1993 .... Bornoil is rm33. In1993

Posted by char1234 > 2019-03-13 09:21 | Report Abuse

managemwnt dont change....investors r doomed

Posted by Jusloh > 2019-03-13 11:15 | Report Abuse

@crash r u sure? Talk ccok? Sugarbun listed on 1997

Posted by 692718720 > 2019-03-14 01:32 | Report Abuse

all Sarawak company goreng goreng

When u turn ?

Posted by Cojack31 > 2019-03-14 06:17 | Report Abuse

When...when..when

Posted by Cojack31 > 2019-03-14 10:10 | Report Abuse

Kaunter lain semua dah banyak round turun naik.. ini tidooo saja.. kaunter tua dahh hahahahaha

Posted by Cojack31 > 2019-03-14 15:00 | Report Abuse

Cptlah goreng bornoil..tunggu apa lg...bagi org serawak bangga sikit

Posted by Cojack31 > 2019-03-14 15:00 | Report Abuse

Dayang...best..up..up..up

Posted by 692718720 > 2019-03-14 20:24 | Report Abuse

Hello... bornoil... all Sarawak listed company move edy... w r u waiting for?

Posted by Sales > 2019-03-15 09:24 | Report Abuse

Today Bornoil top volume! Bruce come out and shout Bornoil Up! Up! Up!!!

Posted by densim > 2019-03-15 09:26 | Report Abuse

looking forward to maturity of all their projects...Than, will you rocket up....

Posted by 692718720 > 2019-03-15 09:52 | Report Abuse

Up 1 cents..... zzzzzz

Posted by Cojack31 > 2019-03-15 10:23 | Report Abuse

Vrooom..vroom. laju lg la...tunggu apa lg.. make sarawakian proud

Posted by Crash123456buil > 2019-03-15 13:05 | Report Abuse

Dispose Ll Bornoil , buy Ucresssss

Posted by banyakaya > 2019-03-15 16:33 | Report Abuse

bull market coming...

Posted by firewall9301 > 2019-03-15 16:50 | Report Abuse

Bornoil, Go Go Go.

Posted by richiie > 2019-03-15 17:01 | Report Abuse

cheap PENNY sailang buy....

Posted by FarmbesFlyer > 2019-03-15 20:02 | Report Abuse

Fly soon!! Good news otw....

Posted by Ameera > 2019-03-17 14:06 | Report Abuse

Why? Any good news? This counter has been sleeping for years!

Posted by 692718720 > 2019-03-17 16:22 | Report Abuse

sarawak go go go go`~~

Posted by Sales > 2019-03-18 12:26 | Report Abuse

Woodswater i thought you are more interested in oil and gas now.

Posted by Sales > 2019-03-18 12:31 | Report Abuse

Woodswater, those counters that I'm interested you also there.

Posted by Cojack31 > 2019-03-20 09:32 | Report Abuse

Make sarawakian pround lah...goreng cow2..above 20cent lorrr

Posted by Woodswater > 2019-03-20 09:36 | Report Abuse

Bornoil needs wait until GE 15 which they pro-BN .

Posted by Woodswater > 2019-03-21 08:59 | Report Abuse

https://www.theedgemarkets.com/article/govt-takes-over-pan-borneo-highway-removes-pdp

All kena conned by Neuwook liow ,

Wakakakaka

Posted by jonnysoo1 > 2019-03-22 01:40 | Report Abuse

Very fed up with this stock , company got potential multi business but got wrong management to control .

Posted by Woodswater > 2019-03-22 09:08 | Report Abuse

https://www.theedgemarkets.com/article/sabah-cm-confirms-pdp-model-no-more-pan-borneo

If a Corp related politic , finally whole life achievement get Burt ! Wait 4 next ge 15 .

Posted by Backwardthink99 > 2019-03-27 11:03 | Report Abuse

Gold price increasing. And is and up trend.

Posted by Sales > 2019-03-27 15:51 | Report Abuse

Woodswater, may i ask you which stock you prefer compare this to Talam

Posted by Woodswater > 2019-03-27 17:32 | Report Abuse

Sales
Bornoil of course my favorite cup of coffe . But let say u buy in 100,000 talamt at 4c , u earn a lot if price spike to 800 c (80-4=76k)within a short time as ECRL almost released . I bet liow , the worst scenario it slump to 3c ( lost 1 k only )
............................

Wakakakaka

Posted by Sales > 2019-03-28 10:01 | Report Abuse

Ok, take your words. Good luck.

Posted by Cojack31 > 2019-03-30 11:10 | Report Abuse

Bornoil patut ambil anak tun mahathir jsdi pengarah syarikat or chairman...sure meletopp balik