reality check, petronas upstream profit drop by 57%, i know overall only drop around 50% but that is because better margin for downstream. key point is upstream profit......., what do you think with company that provides drilling rig to the upstream oil and gas.... you think they will drill even more and petronas invest more capex until unable to pay divident to government, think again...
i find it strange that there is no merger and acquisition yet for oil & gas players.. this is a good time to consolidate, buy smaller competitors and increase the balance sheet with cheap acquisitions.. We got so many counters and it is clearly not profitable in this low price era.
hey invest88 good morning to u too - yeah been long time - hope all is well with u too despite the bearish sentiment lately. me haiya currently foaming in my mouth,feeling pening but luckily not pengsan yet otherwise will have to join my good fren Hooi from Scomi in Petronas twin tower LOL On a serious note most of my holdings are FA sound but u know market bad all also kaput but like Kc said if u dun play contra nor margin n can hold salted fish also will become Arowana - o.k maybe the last few I add in myself LOL Take care my invest88 - always good to hear from u :)
@ Alex Chong haha only applies to good FA sound stock not like KNM,scomi etc LOL
Now might not be time to buy as oil is still down trending ( unless got plenty of spare cash) - of course it is affected as with most O&G stocks but once stabilizes n up trend again then can buy at good price - hopefully LOL- consider the low price as your one of those good sales :) All good stocks will eventually recover when market sentiment improves - juz cannot keep them down for long when their Fundamentals are sound :) yep be positive :)
50cts also still not interested to buy..because They hv huge debts/loan and profit turn to losses and it's hard to recover. Coming vss and close operation.
Next scomi in making..just check SCOMI..how many years cant rebound..therefore..SELL ALL..CASH ..N REST..STRATEGIZE BACK..X GET MARRIED WITH ONE STOCK..YOU HV TONNE OF INSTRUMENTS..
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....
Jc
46 posts
Posted by Jc > 2015-08-14 12:08 | Report Abuse
i bought at 2.02 and now 50% down already.