SONA PETROLEUM BERHAD

KLSE (MYR): SONA (5241)

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Last Price

0.475

Today's Change

0.00 (0.00%)

Day's Change

0.00 - 0.00

Trading Volume

0


37 people like this.

21,560 comment(s). Last comment by beatme 2018-04-30 11:12

Posted by king of stock (raja saham) > 2014-12-20 11:09 | Report Abuse

Start from 22.12 until 31.12 one day up 20 point
Klci index end of year 2014 is 1850 abovr

Ring

6,522 posts

Posted by Ring > 2014-12-20 15:57 | Report Abuse

Gulf braces for tough times over oil price plunge
Posted on December 20, 2014, Saturday

KUWAIT CITY: Gulf countries are bracing for tough times as vital oil revenues fall and after they missed a golden opportunity to diversify their economies in a decade of unprecedented windfalls, analysts say.

The six nations of the Gulf Cooperation Council (GCC) – Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates – could soon start reeling from falling oil prices, which have dropped by half from their 2014 highs to around US$60 a barrel.

Pumping about 17.5 million barrels per day, GCC countries are forecast to lose at least half their oil revenues, or around US$350 billion a year, at current price levels.

Oil revenues make up around 90 per cent of income for most GCC states and with prices now below budget forecasts, their governments are looking at certain deficits next year.

Spending cuts are sure to follow – and possibly even the region’s first taxes – raising fears of public discontent and eventually an economic slowdown.

The oil price drop has also sent Gulf stock prices plummeting, wiping out billions of dollars of market value across the region and hurting major private firms like developer Emaar Properties and builder Arabtec Holding.

The heart of the problem, leading Kuwaiti economist Jassem al-Saadun said, is that Gulf states failed to seize on surging energy revenues to build up their economies outside the oil sector.

“Gulf states have missed an important opportunity to reform and build a real diversified economy,” Saadun said.

“Public spending has soared to new record highs and it was not for vital infrastructure projects to diversify the economy,” Saadun said.

“It was mostly for wages, salaries and subsidies… and handouts for buying political loyalty especially after the Arab Spring.”

Economists are warning that even with the huge reserves many have built up, a prolonged drop in oil prices will hit Gulf states hard.

“The prevailing growth model for most oil-exporting countries has left them vulnerable to a sustained decline in oil prices,” the International Monetary Fund said in a research bulletin last week headlined: “It is high time to diversify”.

Ratings agency Standard & Poor’s is warning that an extended decline in oil prices will likely slow the Gulf economies, reducing spending on their massive infrastructure projects and hitting the private sector.

S&P has lowered its outlooks for Saudi Arabia, Oman and Bahrain, though it has maintained their ratings because of their impressive reserves.

pisangkuat

1,060 posts

Posted by pisangkuat > 2014-12-20 17:06 | Report Abuse

No worry lah...klse nxt week will up...najib ady announce economy recovery plan admist oil price, palm oil and ringgit weaken....najib say we can export sunat technology..wakaka...oil price and palm oil price dwn nvrmind...we hv sunat technology...brilliant

Posted by king of stock start mon attack sona ,ifca,armada > 2014-12-21 15:38 | Report Abuse

ATTACK!!! MON TARGET SONA-WA 14SEN SONA BREAK 41SEN

bracoli

2,579 posts

Posted by bracoli > 2014-12-21 16:33 | Report Abuse

Kos plz prove urself! Kikiki

nice1

819 posts

Posted by nice1 > 2014-12-22 10:20 | Report Abuse

wti usd 57.89

Posted by michael_lee > 2014-12-22 18:03 | Report Abuse

King of stock. Sona-wa when go back up to 30sen?

Posted by king of stock start mon attack sona ,ifca,armada > 2014-12-22 19:38 | Report Abuse

Yes be patient 30sen will come back..

nice1

819 posts

Posted by nice1 > 2014-12-22 19:41 | Report Abuse

u think he is god-son

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-22 21:10 | Report Abuse

King of stock is just a joker la..

bracoli

2,579 posts

Posted by bracoli > 2014-12-23 08:34 | Report Abuse

kos u r humiliating urself. joker

callme777

1,586 posts

Posted by callme777 > 2014-12-23 10:00 | Report Abuse

Kos is small player bros. forgive him la

jasonor

1,004 posts

Posted by jasonor > 2014-12-23 10:27 | Report Abuse

Mana itu king of shark? tunggu apa? why no push up yet? haha

Jun Clj

1,094 posts

Posted by Jun Clj > 2014-12-23 12:22 | Report Abuse

King of joker, sona-wa drop to 0.125 already. Everyday say attack, attack your head only got lah.

bracoli

2,579 posts

Posted by bracoli > 2014-12-23 14:01 | Report Abuse

kos is a big speculator

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-23 17:01 | Report Abuse

Better said 0.5 coming soon

Posted by king of stock target sona 42 ,ifca 80,armada 1.30 > 2014-12-23 17:04 | Report Abuse

If break i will set new target...

Posted by king of stock target sona 42 ,ifca 80,armada 1.30 > 2014-12-23 17:07 | Report Abuse

Today market no very good so can reach my target...

bracoli

2,579 posts

Posted by bracoli > 2014-12-23 18:09 | Report Abuse

its good if u remain silent kos.

Posted by king of stock target sona 42 ,ifca 80,armada 1.30 > 2014-12-23 18:33 | Report Abuse

Haha u don't believe throw all i eat....

callme777

1,586 posts

Posted by callme777 > 2014-12-23 18:34 | Report Abuse

Eat shit? 0.40 go 0.42... Wah....mi am so impressed!

Posted by king of stock target sona 42 ,ifca 80,armada 1.30 > 2014-12-23 18:34 | Report Abuse

In my hand i have 100m i can be mb sona haha

MrHuat

44 posts

Posted by MrHuat > 2014-12-23 18:36 | Report Abuse

mb = managing bullshit??? You deserved it.. We will support u...

callme777

1,586 posts

Posted by callme777 > 2014-12-23 18:43 | Report Abuse

100m share behaving like a retarded... Lol no wonder u are king. In the blind kingdom. Lol

nice1

819 posts

Posted by nice1 > 2014-12-23 21:25 | Report Abuse

nice story telling
everyone here has 500m

Posted by yamatotrading > 2014-12-23 22:40 | Report Abuse

i dont have that much...i only have 200m...

Posted by king of stock target sona 42 ,ifca 80,armada 1.30 > 2014-12-24 07:21 | Report Abuse

After break 42sen next level 45sen

Posted by michael_lee > 2014-12-24 07:35 | Report Abuse

Why sona boss don't want to launch special attack to make price shoot up?

nice1

819 posts

Posted by nice1 > 2014-12-24 08:39 | Report Abuse

my opinion, they cant do much until oil price stabilized
now price range bound, a good sign then plungingprice weeks before
hard to nego deals when price movement too volatile
last one week, wti usd 54 to 56

Harvard57

495 posts

Posted by Harvard57 > 2014-12-24 08:52 | Report Abuse

After Xmas n cold winter, crude will plunge another drastic round ! I just see how many day dreamer still shouting in this solor na

pisangkuat

1,060 posts

Posted by pisangkuat > 2014-12-24 11:22 | Report Abuse

Good Morning. Some simple analysis to share

Window dressing history in malaysia (2009-2013)

2009
- rally from 21 dec to 12 jan 2010
- klci move from 1266pts to 1295pts (+29pts)

2010
- rally from 20 dec to 7 jan 2011
- klci move from 1500 pts to 1524 pts (+24pts)

2011
- rally from 21 dec to 30 dec 2012
- klci move from 1472pts to 1530pts (+58pts)

2012
- rally from 5 dec to 4 jan 2013
- klci move from 1609pts to 1700pts (+91pts)

2013
- rally from 4 dec to 27 dec 2013
- klci move from 1819pts to 1872pts (+53pts)

2014??
- rally start from 17dec to when?
- to date, klci move from lowest 1670 to now as at 23 dec 1740 (+70pts)


Facts U Should Know :

- Window dressing will create a bullish rally in the timeframe of 3-5 weeks.

- At the end of rally, most of the times, the index will do a correction about 1 month after the rally. (+/-100pts)

- to become at par or same level to the peak points in the window dressing compare to the correction that occur after it, will takes about 2-3 months to become same points level again. (Consider if index in uptrend mode)

# This assumption is base on the historical index points

# to be noted that our klci index has recorded a strong uptrend during 2009 to 2014. (From 870pts to 1870pts)

# as current time, the performance of index is in downtrend, the results may vary with the historical performance.

Just sharing the view. Goodluck!

damagpie

281 posts

Posted by damagpie > 2014-12-24 11:25 | Report Abuse

Thanks for the sharing pisangkuat. Very useful info!

gopiwira

159 posts

Posted by gopiwira > 2014-12-24 12:13 | Report Abuse

Good info

Iching88

537 posts

Posted by Iching88 > 2014-12-24 13:51 | Report Abuse

So, buy or sell Sona?

: )

bracoli

2,579 posts

Posted by bracoli > 2014-12-24 17:58 | Report Abuse

sell

Posted by nabimuhammad > 2014-12-26 09:41 |

Post removed.Why?

Jun Clj

1,094 posts

Posted by Jun Clj > 2014-12-26 10:43 | Report Abuse

KOS, son will TP until what price in short term?

dragonfruits

1,285 posts

Posted by dragonfruits > 2014-12-26 10:45 | Report Abuse

Hmmm,son like cutie compact price nowzzzz

nice1

819 posts

Posted by nice1 > 2014-12-26 13:26 | Report Abuse

well, in business world, majority if not all bosses are positive with their business forecast or else they wont be in buz

Hadian has to find a good deal to inject into sona, that for sure by next year, or else all his and his partners investment of 20% stake in the company will be burned. This is good to protect all other investors as well. this may bring some upside to the stock once the oil price stabilised

bracoli

2,579 posts

Posted by bracoli > 2014-12-26 13:44 |

Post removed.Why?

gopiwira

159 posts

Posted by gopiwira > 2014-12-26 14:30 | Report Abuse

Why involve Nabi Muhammad? What's your motive?

Posted by mrchuckle363 > 2014-12-26 14:38 | Report Abuse

If you want to get more attention by people, please this is not the way. Please change your nickname.

e1shi

212 posts

Posted by e1shi > 2014-12-26 14:53 | Report Abuse

please change your nickname:nabimuhammad, we doesn't want to create any tension here.. we want to make money..

bracoli

2,579 posts

Posted by bracoli > 2014-12-26 14:54 |

Post removed.Why?

kensen

396 posts

Posted by kensen > 2014-12-26 15:00 | Report Abuse

Go away to those want to create racial, political, religious issues.
We do not need that

Jessus

8 posts

Posted by Jessus > 2014-12-26 16:20 | Report Abuse

Next year Rm 0.50 , don't worries so much !

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