BARAKAH OFFSHORE PETROLEUM BHD

KLSE (MYR): BARAKAH (7251)

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Last Price

0.05

Today's Change

-0.005 (9.09%)

Day's Change

0.05 - 0.05

Trading Volume

3,110,500


20 people like this.

16,359 comment(s). Last comment by Robert Waters 4 hours ago

Flyinghorse

3,717 posts

Posted by Flyinghorse > 2020-06-06 19:09 | Report Abuse

Oil already above 40. When Barakah can out from PN17?

analiser

99 posts

Posted by analiser > 2020-06-08 11:12 | Report Abuse

if out pn17 how much expected it will go

BigPro

688 posts

Posted by BigPro > 2020-06-10 14:15 | Report Abuse

0.35

Machho

412 posts

Posted by Machho > 2020-06-14 22:03 | Report Abuse

Petronas chg CEO, more chance for Barakah to comeback

Wy Wyl

41 posts

Posted by Wy Wyl > 2020-06-14 23:56 | Report Abuse

..... Hopeful!

Posted by investortrader88 > 2020-06-15 19:07 | Report Abuse

excellent qr. !

Posted by PenghuluGia > 2020-06-15 19:19 | Report Abuse

Steps towards recovery

Condom003

163 posts

Posted by Condom003 > 2020-06-15 19:38 | Report Abuse

Gogogo....Barakah bravo

pretty_life

4,810 posts

Posted by pretty_life > 2020-06-15 20:09 | Report Abuse

Tomorrow limit up from 0.02 to 0.280

tiruban85

95 posts

Posted by tiruban85 > 2020-06-15 20:26 | Report Abuse

excellent, very happy for barakah recovery. Hope to see more revenue in next quarter

Posted by more_n_more > 2020-06-15 21:25 | Report Abuse

goreng goreng goreng

Wy Wyl

41 posts

Posted by Wy Wyl > 2020-06-16 01:31 | Report Abuse

....... Be proud of Barakah's achievement & determination : )

bonds56

313 posts

Posted by bonds56 > 2020-06-16 01:35 | Report Abuse

Holding for so long.tomorrow will up up

mf

29,214 posts

Posted by mf > 2020-06-16 08:29 | Report Abuse

The new COVID-19 outbreak is a cause for concern given Beijing's size and connectivity, says the World Health Organization (WHO).

Posted by more_n_more > 2020-06-16 08:42 | Report Abuse

fasten your seatbelt, get ready to flyyyyyyyyyyyy

MaYun

264 posts

Posted by MaYun > 2020-06-16 09:07 | Report Abuse

Syabas !!

Posted by investortrader88 > 2020-06-16 09:10 | Report Abuse

after so long waiting all Barakah shareholders smiling !

Happy3933

323 posts

Posted by Happy3933 > 2020-06-16 09:10 | Report Abuse

Well well.... from losing to winning... Mini Clubman on the way !!!!!

Posted by Trader Invest > 2020-06-16 09:17 | Report Abuse

Soo long waiting at last. Tp 0.28

Posted by davidsam > 2020-06-16 09:22 | Report Abuse

Hopefully can go 0.150

Happy3933

323 posts

Posted by Happy3933 > 2020-06-16 09:23 | Report Abuse

Already got one Honda jazz..... patience always got reward !!!

Cikam

1,720 posts

Posted by Cikam > 2020-06-16 09:31 | Report Abuse

I got 1 honda jazz downpayment hehe

coolio

620 posts

Posted by coolio > 2020-06-16 09:31 | Report Abuse

pn17 17mil profit..geng

bigsis

14 posts

Posted by bigsis > 2020-06-16 09:32 | Report Abuse

yess fly after so long waited

Leader11

72 posts

Posted by Leader11 > 2020-06-16 09:33 | Report Abuse

finally Barakah fly hing ... waiting for so long ... can book Huracan now ...

Posted by financesharinghomie > 2020-06-16 09:35 | Report Abuse

wow 200% increase

edwardkuah

295 posts

Posted by edwardkuah > 2020-06-16 09:47 | Report Abuse

what is the TP for this QR?

Flyinghorse

3,717 posts

Posted by Flyinghorse > 2020-06-16 09:53 | Report Abuse

Good support at 0.045. Somebody accumulating at that level. Waiting for second wave to shoot up to 10 sen

Flyinghorse

3,717 posts

Posted by Flyinghorse > 2020-06-16 09:56 | Report Abuse

Soon will nego out from PN17 and fly to Mars

Macho008

304 posts

Posted by Macho008 > 2020-06-16 09:57 | Report Abuse

Honda Jazz ? I think is Honda EX5 lar....................

Macho008

304 posts

Posted by Macho008 > 2020-06-16 09:58 | Report Abuse

Like that, i also simply can shout Mercedes Benz lor

edwardkuah

295 posts

Posted by edwardkuah > 2020-06-16 10:06 | Report Abuse

i fell like kena trap

Mabel

24,275 posts

Posted by Mabel > 2020-06-16 10:06 | Report Abuse

@Flyinghorse Good support at 0.045. Somebody accumulating at that level. Waiting for second wave to shoot up to 10 sen
16/06/2020 9:53 AM

Meow Flyinghorse..

See I told you oledi. Our patience has now paid off. Today the Battleship rose 125%

Well done to everyone who still believe in this Battleship.

Meow Meow Meow

Macho008

304 posts

Posted by Macho008 > 2020-06-16 10:08 | Report Abuse

Mabel, i also like to Meow

edwardkuah

295 posts

Posted by edwardkuah > 2020-06-16 10:10 | Report Abuse

i bought RM40k at 0.50
safe?

Macho008

304 posts

Posted by Macho008 > 2020-06-16 10:25 | Report Abuse

Edward, buy with cash and can hold long term should be safe, but short term is a bit risky.

edwardkuah

295 posts

Posted by edwardkuah > 2020-06-16 10:28 | Report Abuse

thanks macho,fell like tomorrow big drop

Macho008

304 posts

Posted by Macho008 > 2020-06-16 10:29 | Report Abuse

Do not all in at one price, if drop, buy again to average down.

tap70

175 posts

Posted by tap70 > 2020-06-16 10:34 | Report Abuse

dear sifu.. second wave cause this stock to up? kindly advise..

azrylamyr

203 posts

Posted by azrylamyr > 2020-06-16 10:45 | Report Abuse

BARAKAH will lift PN17 InsyaAllah

misk_72

152 posts

Posted by misk_72 > 2020-06-16 10:47 | Report Abuse

crude oil down -0.08%...careful long term ok but short term think twice

Happy3933

323 posts

Posted by Happy3933 > 2020-06-16 11:01 | Report Abuse

@mabel.... this time really meow meow meow

Posted by HappyInvestor888 > 2020-06-16 11:01 | Report Abuse

Hello happy investors, just for good sharing......No hard feelings ya!

ARB - Quantum Leap in Earnings With ERP and IOT

INVESTMENT HIGHLIGHTS
Diversification from timber business to ERP and IOT provides ARB with quantum leap in earnings
Company’s large pool of clientele consists of underserved SMEs as well as GLCs
Leveraging on unique partnership model to roll out IT software and platforms and to ensure customer stickiness
Cash-rich balance sheet further supported by on-going conversion of irredeemable convertible preference shares
We ascribe ARB with a fair value of RM0.51
Company background. ARB Bhd started off in the timber business. Subsequently, it diversified into the provision of IT services, especially in the field of enterprise resource planning (ERP) and internet of things (IOT) solutions.

Fruitful diversification. Subsequent to the diversification, ARB’s financial performance has improved tremendously. This is mainly attributable to the existing low adoption rate of Small and Medium Enterprise (SMEs) business digitalisation and Government-linked Companies in South East Asia. As seen in the company’s 2019 financial performance, both the revenue and earnings grew by more than five folds. Moving forward, we expect the earnings growth prospect to remain exciting.

Unique ERP business model. Moving away from the traditional ERP pricing model, ARB’s unique business proposition includes the setup of a joint venture (JV) company with its partner. Under this arrangement, ARB will provide the necessary investments required to set up the ERP platform while the partners need only to impart their business knowhow. Nonetheless, we understand that in the initial years both parties have agreed to plough back the entire profits for reinvestment purposes.

Strong cash position. In order to implement the ERP business model, having a healthy cash reserve is important. In this regard, ARB’s FY19 cash level has grown significantly to RM27.6m. This is achieved via the profit-making IT business as well as cash injection from its main shareholder through the conversion of ICPS. Thus, we do not expect any dividend payments in the foreseeable term as new cash generated will be reinvested for future expansion.

Business risk. We have identified three main risks associated with ARB’s key businesses. These include: (i) risks of new entrants; (ii) exposure to the industry the partner operates in and; (iii) risk of obsolescence.

Fair value. We value ARB at RM0.51, premised on pegging FY21F EPS of 11.9sen against forward PER of 4.3x. The premium multiple reflects the company’s high-yielding diversification strategy to the IT business from timber business previously.

Arbb price until today still very undervalue rm0.30, Buy more and wait for sudden surge! Happy investing guys!

taloha

206 posts

Posted by taloha > 2020-06-16 11:22 | Report Abuse

congratulate to all loyal holders!
those who already breakeven wanted to secure capital, re-enter lower quantity = yes you can do so
100~200% profit taking = yes you can do so

wanted to keep for acquisition plan = yes you can do so
wanted to keep for uplift pn17 / petronas = yes you can do so

paper lost reduce but still at 30% or above = dont think you should do so

MaYun

264 posts

Posted by MaYun > 2020-06-16 11:24 | Report Abuse

TQ Mabel,meow meow meow......
I had given up this counter earlier. After I started to follow your analysis in this thread for quite sometime, I decided to buy additional shares at 2.0sen at a quantity that is close to 10x more than my initial holding.
Since I top up at dirt cheap price, I will hold a bit longer period and see if the recovery is for real.

Posted by Kevinpua88 > 2020-06-16 11:42 | Report Abuse

i see the trading apps....alot people quee leh..and the heat getting lesser...
i think i bttr wait out pn17 first

Vjaa3964

24 posts

Posted by Vjaa3964 > 2020-06-16 11:57 | Report Abuse

if sold now for sure got 125% profit..~should sell it or hodl?

edwardkuah

295 posts

Posted by edwardkuah > 2020-06-16 12:17 | Report Abuse

PN17 still have 11 month for submit....

Flyinghorse

3,717 posts

Posted by Flyinghorse > 2020-06-16 12:40 | Report Abuse

Waiting for Barakah to rocket above 0.100. I believe more good news will be forthcoming...........

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