Revenue increase significantly, profit is very good and expected the next QR is positive. Who sold this morning until price went to 0.15 can bite you fingers right now.
Many oil companies globally have started to reduce both capital and operational expenses to conserve fund and to prepare for the challenges in the near future. This has resulted in reduced activities including in the drilling sector.
The impact of this has yet to be fully felt in Malaysia as a number of existing drilling contracts are still ongoing. However, lesser drilling activities is expected in the near term as oil companies review their drilling programs.
In view of the grave uncertainty in the global economy and the demand for oil and gas, the Board believes that the financial performance for the year will be adversely impacted and weaker than 2019.
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....
persie
1,413 posts
Posted by persie > 2020-05-20 14:08 | Report Abuse
Bravo VEB.. Let's go away haters. Awesome QR report. Time to ride the uphill...