AZRB buta-buta has the most to benefit from the ECRL owing to the land and current projects it has.
Go check their annual report. It has: - nice tracts of land in Setapak, which is about 20km from the all important Gombak station for ECRL - also nice tracts in Bentong - the stations of Chukai and Kemasik are very close to Kemaman, and one of the main reason why ECRL is needed is to support and enhance RAPID refinery near Kemaman (the marine base contract by Petronas has been awarded to AZRB for another 5 years / Tok Bali supply base) - AZRB has 4.5 acres of freehold land in Kemasik - an even bigger plot of 66 acres in Marang which the ECRL will pass through.
Since pantech sells oil pipes to on shore and off shore ogse with the ever increasing business generated by them should bring in higher sales
We can see from the increased revenue of so many oil related entities
1. Carimin jumped in revenue 2. Penergy revenue increased by 61% 3. Dayang got the highest revenue and also the highest profit this quarter. 4. Petchem also increased in revenue 5. Bintulu port saw huge jump in revenue due to oil and gas activity
All these are confining signs of good times returning for OGSE and land based azrb as well as material based pantech should all benefit
A rising tide lifts all boats. So a rising oil and gas activities will lift all companies related to oil and gas
For sapnrg it is no. 1 Too heaven laden with debt NO. 2 Too many scripts as they just gave rights issue. NO. 3 Too many punters are playing short term. As can be seen by top volume turnover frequently
So it is trying to move up but very slowly I think it should also be ok longer term but will take time I think for now concentrate on carimin, Dayang and penergy as they have less scripts and will run up much faster
For hibiscus it will depend on crude oil price. If crude oil price goes up hibi will go up. If it goes down then price will go down. And if it stagnate then price will also stagnate. So hibi is like playing oil futures. Of course if hibi extracts more oil then it will also boost its price
For now again I emphasise
THE real action lies in off shore of trengganu. And off shore of Sabah and sarawak where chosen OGSE are ramping up activities of oil exploration and extraction like never before
So stick with these
Penergy, Dayang, carimin, azrb, pantech and if you want longer term dialog as well
All these surging revenue by oil and gas players are confirming signs of an ongoing powerful rally building up in oil and gas stocks
Stay invested in local players with exposure to Petronas game plan in peninsular and East malaysia
Oil and gas players in diversified out of Malaysia geographical locations might not benefit much And some very heavily indebted o&g stocks might not make it
One stock now stands out for clean balance sheet is petra energy or penergy
THE word petra us the feminine of Peter which means "Rock"
So petra energy literally means
Rock solid energy
Penergy has rock solid balance sheet Rock solid business. As it is mostly brown field which oil extraction is ongoing
Rock solid Holders. While Carimin insiders sold the insiders of penergy are holding tightly to their shares
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
BigWin1688
104 posts
Posted by BigWin1688 > 2019-02-27 16:40 | Report Abuse
today will closed 0.505