Prospects of The Coming Year The Group is currently assessing and reviewing potential assets which is nearing the advance stage of finalisation. Under the current oil price environment, despite weakening in Ringgit Malaysia value, the Board is confident to reach the final decision on qualifying acquisition within the stipulated time frame.
As a result of continued losses(0 income but need to pay director salary and other expenses) net cash per share reduce to 38sen per share in latest QR. Since no QA done yet expect 3rd qtr 2015 to remain in loss.
Very confusing as to why Credit Suisse keep buying shares where O & G is at their dim period ??? Maybe there is a hidden agenda ??? Only the very brave to tag on ........... I don't with my faired shares over a small loss !!! TQ
Credit Suisse can buy all the way up to RM0.5 with their buy queue of RM4million at RM0.425 but they set a roadblock at RM0.44..why? my crystal ball tell me they wan to eat up more RM0.425 to cover their unrealised forex loss of their earlier investment due to the depreciating RM and thus investing more recently...their minimum exit point is definitely 0.45...no way they hold this for long term investment in this depressed oil market...this is sumatec no.2 in the making when the 45 cents capital guarantee is taken off...so if you dun vote against the upcoming QA you need to get ready for a journey to the unknown...so if every1 co-operate to vote against...QA fail...return 48 cents next year
counter BODOH,no buisness,kenapa BELI ?,ada ribu ribu counter baik,kenapa beli PENNY STOCK COUNTER,ini counter temberang,angkat orang punya wang kemudian dia pergi TIDOR,bulan bulan dia hentam ELAUN,dia peduli apa dengan harga share,nak mati ke nak hidup ke,lagi 1 tahun BSKL akan TENDANG ini counter kalau tak ada JOB,itu jam semua BERAK KAPOR,teruatama sona warrant,dari 32 sen sekarang 4 sen?.
BENGALURU (Sept 1): Oil prices have fallen too far, too fast and should recover gradually over the next year as supply growth slows and demand recovers, a Reuters poll showed on Tuesday.
Benchmark North Sea Brent crude is likely to average $62.30 a barrel in 2016, up from an average so far this year of around $57.60, the monthly survey of 30 analysts said.
U.S. crude is seen averaging $57.00 a barrel next year, the poll showed.
That is a big cut in forecasts since the last oil price poll conducted at the end of July, which projected Brent would average $69.00 next year and U.S. crude would average $63.80.
Global oil markets have fallen by a third since May and are still well under half their value a year ago thanks to a huge oversupply of fuel and sluggish demand. Worries over China's economy have compounded the falls in recent weeks.
But analysts say much lower oil prices over the last few months have stimulated more demand for fuel in many parts of the world, particularly in the United States and the Middle East, and oil production growth has also started to fall.
This will help balance the market and should feed through to higher prices in the coming months, they say.
"We see oil prices gaining momentum next year, especially by the second half, ending up 2016 roughly 10 percent higher than 2015," Raymond James analyst Pavel Molchanov said.
Hans van Cleef, at ABN Amro in Amsterdam, agreed:
"The market will start to realise soon that it may have pushed oil prices too low too fast. An upward correction could therefore be seen soon," Van Cleef said. "Oil prices could start to pick up at a moderate pace."
For 2015, the Reuters poll forecast an average Brent price of $57.40 a barrel. For that to be realised, Brent will have to rebound sharply over the next four months, something many analysts see as possible.
Oil prices hit 6-1/2-year lows last week but rallied towards the weekend, taking Brent to $50 a barrel.
Of the 27 analysts who participated in both the latest poll and that for July, 18 cut their 2015 forecasts, while nine kept them unchanged. None raised their forecasts for Brent.
Credit Suisse had the highest 2015 and 2016 forecasts for Brent at $62.90 and $76 a barrel, respectively. Natixis had the lowest Brent 2015 view at $51.90.
why Credit swez keep on invest in sona, is it just becos of the 14%...? why they still buying in while RM had depreciate more that 20% oledy.. why why why.
U think USA's FD got 3% ka? Put in Malaysia's FD better or Sona better? Sure Sona la...hope that answers your question lol...come EGM Credit Suisse sure will be there to oppose the QA.
Posted by Ant > Sep 8, 2015 01:10 AM | Report Abuse
why Credit swez keep on invest in sona, is it just becos of the 14%...? why they still buying in while RM had depreciate more that 20% oledy.. why why why.
the answer can be found in CLIQ... C.S also keep buying Cliq. one the most possible reason is the interest after end of 3 years. so expect the price to stay the same until end of 3 years.
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....
IVAN2222
2,094 posts
Posted by IVAN2222 > 2015-08-24 18:58 | Report Abuse
as i siad..sona will remain calm all the time...believe me sona can soar later