Wait for Q4 result and see how much interest can they save. The data can be used to estimate their breakeven point which will determine their future profitability. There should not be any impairment as the oil price has already stabilized for some time. If there is still impairment, I am really speechless.
Oil price was at its lowest in Jan 2016, so generally all oil companies like Sapnrg, MHB, UMWOG, etc rightly so provided for Impairments at end 2015 and end 2016. Oil price has appreciated some 40% since Jun17 to Feb18 and if any oil company still make more impairments in 4Q17 when oil biz is getting better, the CEO should be removed. MHB (Malaysia Marine&HE) has done with impairments, has tax credit in 4Q17 for previous losses and has started giving dividend.... so no need to whine about oil share price daily as the oil biz is already recovering... relax and enjoy the volatility...
Not very sure when is the election but with current market sentiments.... how to erect at night ? LOL.... must get our gf do a bit more kungfu baru tahu
MMHE income source is a lot more stable as every vessel will need to undergo dry dock or repair after some years for recertification. And i think petronas owns a big chunk in mmhe.
The UOS-TK Shares is owned by UMW Malaysian Ventures Sdn Bhd, a wholly-owned subsidiary of UMW-OG and the disposal today was made to Mr. Ng Shin Yueh for a cash consideration of US$252,450 (“Disposal”).
One year ago crude oil was below 50usd per barrel, oil rigs close down no business to service, now above 60, to buy below 20cts crude oil have to drop below 40usd.
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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....
ankahill
1,046 posts
Posted by ankahill > 2018-02-07 11:23 | Report Abuse
Sudah jual. Umtung sikit sikit cukup la. Kaunter sakit,