From the above technical chart shown , movement still need further monitored to close above ma 100 @ 0.311 , ma 200 @ 0.308 The is only save for newbie to buy in . Let say coming up Qr slightly lossing , v still need another 6 months but surely hit 2 consecutive profit during 3qr20 @ Nov to 4qr20 @Feb ‘2020 to hit RM 1 .the most uncertain/ risk is coming Qr Aug ( which less 6 trading days to released ) . Hv to monitor these few days only decide to top up . Within this 6 month , GLC likely the best manipulator fro 33 - 27 - 30 c . The stakes of GLC from peak of 80% until now 73.76% . Market has absorb 6.26 ( free float is 26.24 vs 73.76 ) mean accu by third party ( sharks ) ??? Still need extra focus these few days to make sure real rebound then only top up more , happy trading n investing at own risk . Sharing is caring ! Pls Tiu me if i’m Wrong . Tqvm.
If QR bad why up? Some1 work for EPF/PNB manipulate?
Posted by SuperPanda > Aug 14, 2019 10:09 AM | Report Abuse coming qtr will not be so good bcoz utilisation not up to max, still have rigs without job it just need one announcement of contract win this year then it will boom
Velesto got one buyer only----Epf. Most ikan bilis already sold their body to Nasi Lemak towkay. IB just cheering on the sideline like pom-pom girls......lastest Kenanga
Guan Eng may visit China again to attract investments KUALA LUMPUR (Jul 15): Finance Minister Lim Guan Eng said he may pay another visit to China, potentially Shenzhen again, to attract more investment into Malaysia. Lim said although the US is the largest foreign investor in Malaysia and is expected to continue to increase, but the potential of China’s capital is increasing. “China has its advantage, and the US has its advantage. These two countries are among the best in terms of foreign investment, and they are both very important,” he told local Chinese media Kwong Wah Daily in an interview last Saturday. Lim said if he visits China again next month, his focus will be on investment, so one of the destinations would likely be Shenzhen, to attract high-tech, high-value Chinese major manufacturers to invest in Malaysia. Lim also said after his first official visit to China earlier this month, both countries' governments are discussing the possibility of establishing an interactive channel for the stock exchanges of both countries. Lim said he would discuss this further with Chinese authorities if his next visit to the country materialise. "I hope we can yield some results in the near future," he said. Lim said in addition to investment and business, both countries also hope to strengthen securities and stock exchanges areas. After a visit to the Shenzhen Stock Exchange, Lim said they are studying whether it is possible to create a new platform that makes both capital and stock markets more competitive, and gain more access to financing. Lim said this would require further works to be done, including formulation of the technological process and financing mechanism. Lim hopes that after visiting China, he could accelerate the materialisation of this objective. On the matter of potential raising of Panda bonds from banks in China, Lim said the Malaysian government is still considering it, as the government thinks that it deserves a lower interest rate. Meanwhile, Lim said after visiting Huawei’s operation in Shenzhen and meeting its management, the technology giant pledged to strengthen its investment in Malaysia. Lim also said representatives from Huawei will organise a visit to Malaysia as well, and he is scheduled to meet them to discuss more on the company’s potential implementation of 5G technology in Malaysia. "They will come in a week or two. When I am in Penang, I will discuss with them," he said.
Drilling activities have continued to increase with more contracts being tendered out and awarded, both locally and globally. At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019. With the commencement of the new contracts and extension of existing contracts, utilisation of the rigs is expected to increase significantly in the second half of the year, with a number of them expected to continue working into 2020 and beyond.
The demand for hydraulic workover units is also improving with two of the Group’s units are already working and a number of tenders are in progress. The increased demand in both jack-up drilling rigs and hydraulic workover units is expected to benefit the Group, being the main player with strong domestic and regional track records. Improvements in time charter rates and contract durations are also seen based on recently awarded contracts.
Oilfield Services Segment While the business outlook has shown some improvement, the Group will continuously evaluate the viability of the only remaining minor subsidiary operating under this segment.
Group Based on the expected higher utilisation and time charter rates for the Group’s assets in the second half of the year, the Board expects an improved financial performance for the Group in 2019.
Can say next quarter all 7 jack up rigs will be working. If they can obtain 1 or 2 more HWU contract new quarter results will be even more beautiful.
At present, six out of the seven jack-up drilling rigs owned by the Group are working while one is being prepared to be mobilised for the recently awarded long term contracts, expected to commence in early September 2019.
Hmmmm...recently awarded...another project officially to be announced soon?
Agree with sifu super panda seems now actually the Best entry time to acccu Vele until hit 2 consecutive Qr Nov . Meantime , management launch ESOS 7.5 % but price ? Could ease the share prices slightly down a bit . Good oppo to grab 29.5 or 30 c . Happy invest Tuesday as new tariff tax again Monday should cause volatility . Sien ...
woodswater, im not sifu, jst another trader like you
esos good to reward employees but bad to shareholders if given big discount... like vs gave 56c to higher mgmt when the share price is >rm1 and reach till 3.50, shareholders actually paying for the esos
it did not state the esos price, hope it will be reasonable rate of 30c++
Post a Comment
People who like this
New Topic
You should check in on some of those fields below.
Title
Category
Comment
Confirmation
Click Confirm to delete this Forum Thread and all the associated comments.
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....
Money122
982 posts
Posted by Money122 > 2019-08-11 21:16 | Report Abuse
http://www.klsescreener.com/v2/news/view/566128