Hey Calvin, my kind of bull should run fast, uphill, rest eat some grass, then cari cow then runfastagain, uphill. Then everybody happy! Good Luck All!
Before Perdana fly, before sapura fly, they also stay at same price for quite some time :P, hope I wont fail my research paper. Give face up abit, Sunday need to meet my mentor leh hahahahhaha.
few month ago, I use my methodology and research finding ,told my mentor Genting wont drop further and will recover back to original price very soon. I did a simple future cash flow analysis base on available data and discount it back to present value, say RM3.20 is minimum SP. He agree with my analysis but not the SP, time proven my mentor is a joker :P.
Again for Velesto, I did the same thing and say it will go alot more further. He denied my view again. His pass trend history price analysis is out. Lets see ~~~~~~~~~~~
I dont like goreng, Anyway Calvin got the point, buying Velesto u can sleep tied tied, no need worry if tomorrow gap down 30%. HAHAHA. Just dont keep thinking of this share will shoot up in 1 day, its not healthy to buy shares like this. Steady grow all the way back from 0.23x - 0.3. So far no goreng sign, not good meh? What investor actually looking for? buy today RM0.3 tomorrow wake up RM1?
But of coz you cannot just buy and throw the shares and forgot about it la. Minimum you have to monitor the company announcement, quarter report and as long as oil price stay above 60 (current 67.95) it should be fine.
not convincing on this company, bad luck start losing money from end 2014. depreciation, impairment loss, etc. From highest RM4.0 until RM0.30. Good luck
Every O&G entities suffered like carimin, dayang & penergy included
2014 when Brent crude fell to USD27 was horrible for all Oil and Gas Industries without fail
In Singapore Ezra, Swirebor & even Hyflux got into trouble with low prices
Sumatech, Perisai now almost bankrupt. Alam, Barakah, Perdana, Barakah (This barakah I called their head office to check on their status - evasive and no reply. Better sell barakah!!), daya & so many insolvent
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....
m3379
211 posts
Posted by m3379 > 2019-03-14 15:04 | Report Abuse
2018 PETRONAS only had 7-9 rigs. In 2019 planning, 21 rigs required.