passing 1.10 should not a problem. Maybe tomorrow opening gap up to 1.10. watch for 7/4/2011 vol done 21.3m Low 1.07 H 1.14 Close 1.14.Classic resistance 1.14 to 1.15. Walking on the upper band today with high vol positive sign. should have a candle on the upper band tomorrow.
i think this counter financial getting better next quater. The major share holder Dayang hold (11%) will continue give business to Perdana off shore business. Many securities give goond comment to this counter with higher target price Rm 1.50...... today composit drop 11 point can see very strong support and all time high ...... hope next year can give big ang pow to us........
Dayang core business simillar with Perdana and Dayang revenue is higher than Perdana . Dayang can rent vessel from Perdana or out source some business to Perdana intead to other company. Perdana major share holder is Dayang, Dayang major share holder is Naim Holdings . Naim very strong connection in Sarawak state Gov. All this will benefit Perdana . www.desb.net
Dayang insert they man into Perdana Petrolium Berhad as Director
Changes in Sub. S-hldr's Int. (29B) Dayang Enterprise Holding Berhad Direct (units)94,510,90 (19.09%)
Change in Boardroom Perdana Ling Suk Kiong - He is the founder of Dayang Group of Companies with the establishment of Dayang Enterprise Sdn Bhd in 1980. He was appointed Executive Chairman of Dayang Enterprise Holdings Bhd on 29 February 2008 and has been instrumental in the growth and development of the Dayang Group.
Bailey Kho Chung Siang He joining Dayang Enterprise Sdn Bhd as the Financial Controller in 2000. Currently, he is the Head of Corporate Affairs and Joint Company Secretary of Dayang Enterprise Holdings Berhad and its subsidiaries.
Perdana last 2 minutes sapu 7000 lots share at Rm 1.10 i guess fund manager is accumalate this share... Hope for better tomorrow and better new year......cheer...
chung,can you analyst naim, cos i bought at 2.02 about two months back, it is d time to enter now to pull down my average price, pls advice or anybody who know naim...
leslie sorry i don know much about naim. As i know Naim is big major share holder of Dayang . Dayang hold Perdana (19.9%) sometime if we paper lose in other counter does not mean we need to buy more to average it down the share price because if the counter not perform all your money will stuck there. You can take a look in Perdana it since to be very steady up cents by cents. Many securities firm give a buy call with target price 1.30-1.50. i can see for the past few days this couner volume keep on increase even today pre-closing market someone sapu 7000 lots share at 1.10 which reduce " road block" for tomorrow. If you invest in this counter if maybe reduce your lose in other counter too. anyway this my oppinion is up to you decide to buy or not . Ok hope your new investment can recover your past lose.......
21 dec volume = 9462 closed at Rm 1.07 24 dec volume = 12191 closed at Rm 1.04 26 dec volume = 20580 closed at Rm 1.07 27 dec volume = 35560 closed at Rm 1.10 28 dec volume = 41381 closed at Rm 1.10
Volume increase price increase 0.03 cents clearly somebody keen to collect this counter share range 1.07-1.10 hope this counter can give big ang pow by Chinese New Year.........
PETALING JAYA: Petroliam Nasional Bhd's US$60bil (RM186bil) capital expenditure over the next five years will underpin the oil and gas sector in the country with more offshore activities and contracts expected to be awarded in the second quarter.
The exploration and production (E&P) activities would continue and be viable, based on the current oil prices, according to RHB Research Institute.
It also expected the three-pronged strategy by Petronas would pinch the decline in production.
The strategies include enhancing oil recovery (EOR) at existing oilfields, development of marginal oilfields and adding its resource base.
Bloomberg data showed that the US light crude oil 8 sen lower at US$90.72 per barrel and Brent down by 48 sen at US$110.14 per barrel at 5pm yesterday.
OSK Research Institute said despite year-to-date crude production dropping 58% due to stop-order in Sudan, by enhancing its E&P activities, Petronas was targeting for long-term sustainable growth.
It also expected the supply for oil to surpass the demand level but oil price would remain steady about US$80 per barrel for next year due to the stimulus programme in western countries and tension in the Middle East. Petronas recorded seven discoveries of oil and gas in Malaysia for third quarter of 2012 - the Bidara, Gambir RDR, Kurma Manis-1, Berangan-1, Tembakau-1, Kluang North-2 and Tukau Timur Deep-1. Total discoveries so far in the year-to-date period stands at 21 new discoveries.
In December, Petronas awarded a production sharing contract for Block SB311 offshore Sabah (PSC) to ConocoPhillips Sabah Gas Ltd (40%), Shell Energy Asia Limited (30%) and Petronas Carigali Sdn Bhd (30%).
Furthermore, the company has completed a US$5.3bil takeover of Progress Energy Resource Corp.
Petronas year-on-year's net profit for its third quarter ended Sept 30 2012 declined by 21.95% to RM12.44bil while revenue dropped to RM68.3bil from RM71.8bil.
According to the company, the revenue for the third quarter declined primarily due to lower sales volume and the lower prices of crude oil, adding that crude oil sales volume decreased.
minitrader, its just pump priming by Najib & cohort! they used US$60bn+ for stimulus package previously and received a lot of brickbats, so they are moving on to the next best thing! govt-controlled Petronas!
and yes, that will be good for all O&G related counters, because big mama is spending. i think Europe will still be a mess in 1H13 if British PM Cameron's address to G8 is anything to go by!
PETALING JAYA: Petroliam Nasional Bhd's US$60bil (RM186bil) capital expenditure over the next five years will underpin the oil and gas sector in the country with more offshore activities and contracts expected to be awarded in the second quarter.
The exploration and production (E&P) activities would continue and be viable, based on the current oil prices, according to RHB Research Institute.
It also expected the three-pronged strategy by Petronas would pinch the decline in production.
The strategies include enhancing oil recovery (EOR) at existing oilfields, development of marginal oilfields and adding its resource base.
Bloomberg data showed that the US light crude oil 8 sen lower at US$90.72 per barrel and Brent down by 48 sen at US$110.14 per barrel at 5pm yesterday.
OSK Research Institute said despite year-to-date crude production dropping 58% due to stop-order in Sudan, by enhancing its E&P activities, Petronas was targeting for long-term sustainable growth.
It also expected the supply for oil to surpass the demand level but oil price would remain steady about US$80 per barrel for next year due to the stimulus programme in western countries and tension in the Middle East. Petronas recorded seven discoveries of oil and gas in Malaysia for third quarter of 2012 - the Bidara, Gambir RDR, Kurma Manis-1, Berangan-1, Tembakau-1, Kluang North-2 and Tukau Timur Deep-1. Total discoveries so far in the year-to-date period stands at 21 new discoveries.
In December, Petronas awarded a production sharing contract for Block SB311 offshore Sabah (PSC) to ConocoPhillips Sabah Gas Ltd (40%), Shell Energy Asia Limited (30%) and Petronas Carigali Sdn Bhd (30%).
Furthermore, the company has completed a US$5.3bil takeover of Progress Energy Resource Corp.
Petronas year-on-year's net profit for its third quarter ended Sept 30 2012 declined by 21.95% to RM12.44bil while revenue dropped to RM68.3bil from RM71.8bil.
According to the company, the revenue for the third quarter declined primarily due to lower sales volume and the lower prices of crude oil, adding that crude oil sales volume decreased.
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....
minitrader
2,273 posts
Posted by minitrader > 2012-12-11 13:22 | Report Abuse
looks like it ...