Posted by B4b4 > 2018-11-13 06:27 | Report Abuse

Two ways to look at it. Oil dropped but still within profit level, of course lesser profit. However , forex gained as USD is stronger at two areas ie Kazah Tenge and the RM. Oil up or down is normal . The CEO did mentioned that the operating costs has reduced substantially and even planned to go downstream. Lets see how's today trading.

Posted by Nicholasming91 > 2018-11-13 07:12 | Report Abuse

Not too worried, as trump tweets

Posted by Nicholasming91 > 2018-11-13 07:12 | Report Abuse

Donald J. Trump’s Tweets
Donald J. Trump
Donald J. Trump
@realDonaldTrump
·
4h
Hopefully, Saudi Arabia and OPEC will not be cutting oil production. Oil prices should be much lower based on supply!

Posted by B4b4 > 2018-11-13 07:49 | Report Abuse

Today Brent closed at above 70 pb! Still OK.

Posted by Nicholasming91 > 2018-11-13 07:52 | Report Abuse

Yea, not everyone wants crude oil, as brent oil has better usage than crude oil .

Posted by Turnaround > 2018-11-13 09:11 | Report Abuse

Market no power today

Posted by Ziko Ro > 2018-11-13 09:17 | Report Abuse

Market no power cannot do anything

Posted by B4b4 > 2018-11-13 09:23 | Report Abuse

In the last Qtr , Reach made its maiden profit of RM 11 m . At that time , Brent was 65 pb.

Posted by B4b4 > 2018-11-13 09:36 | Report Abuse

This coming Qtr will be even better. That time the Brent price was 72-85 and the production also increased and the forex also excellent. My estimation is Revenue RM 77M and profit is RM 20m.

Posted by speakup > 2018-11-13 09:59 | Report Abuse

as i said already, too many short-term punters here. up 1 2 3 sen they sell already. that's why hard to up.

Posted by Jeffrey Ng > 2018-11-13 10:01 | Report Abuse

yesterday DJI plunge.. today market sure no power la...

Posted by TheContrarian > 2018-11-13 10:21 | Report Abuse

Brent below USD70 at USD69.43

Posted by Ziko Ro > 2018-11-13 10:50 | Report Abuse

Jeffrey ng, you give them tongkat ali then he become superpower!!????

Posted by bylkw2 > 2018-11-13 11:13 | Report Abuse

qr for q3 is likely to be released in the last week of Nov, then the price will surely up with expectedly good results

Posted by B4b4 > 2018-11-13 11:38 | Report Abuse

FYI, Reach not only sell Brent oil but also natural gas. Now the price of natural gas is very good.

Posted by sell > 2018-11-13 11:54 |

Post removed.Why?

Posted by Turnaround > 2018-11-13 11:58 |

Post removed.Why?

Posted by Nicholasming91 > 2018-11-13 12:01 | Report Abuse

Suddenly all these ppl say come run , that time 0.37 no see they appear

Posted by B4b4 > 2018-11-13 12:22 | Report Abuse

Why RUN? Reach Energy sell Brent of high quality ie light and sweet crude to EU and China in USD dollars. Pay salary in Kazakhstan in Tenge currency now at 375 Tenge to 1 USD which is very low and bring back RM to Reach shareholders at 4.20 forex

Posted by Ziko Ro > 2018-11-13 12:25 | Report Abuse

Sell, u can run now i buy from you

Posted by amet2017 > 2018-11-13 12:29 | Report Abuse

you guys misunderstood him. He asked everybody to start running..means jogging la..good for your health

Posted by Jeffrey Ng > 2018-11-13 12:30 | Report Abuse

some player just dunno anything about it and then simply come out say run make chaos... those are all nonsense, knowing nothing but just gambling method.. they all just either earn a bit & lost 9 street or just come here n simply head up the spark... lol... poor thing..

Posted by B4b4 > 2018-11-13 14:45 | Report Abuse

Why RUN? This is time to buy long and keep. Invest in good stock like Reach. Zero bank borrowings and good management team.

Posted by BountyOfTheBourse > 2018-11-13 14:50 | Report Abuse

Some guys are simply born to run. All they know whenever they face the tiniest threat in life is to run. They have zero ability & courage in themselves to hold their poise, stand their ground & fight back.

Posted by Jeffrey Ng > 2018-11-13 14:52 | Report Abuse

because they have no fundamental... kosong... so just give a try.. hit & run... but then hit & run still have smaller % succeed.. but they wont last long... everything must have fundamental experience to grow stronger

Posted by FortuneBlooming > 2018-11-13 14:58 | Report Abuse

Donald Trump causing further destruction to US economy. He should be impeached before he causes his own country even greater damage, in addition to also ruining America's good relations with friends & allies.

Posted by WeiZian Chin > 2018-11-13 15:03 | Report Abuse

QR can fast annouce bo?

Posted by Thepainfultruth > 2018-11-13 15:10 | Report Abuse

Haha Run to collect?

Or run to throw?

Posted by SaveMsiaFromPHGov > 2018-11-13 15:16 | Report Abuse

Americans trying their hardest best to sabotage oil price again. With their Trump-inspired bullshit inventory statistics. But they won't succeed, this time. OPEC-Russia will prevail, eventually.

Posted by Nicholasming91 > 2018-11-13 15:21 | Report Abuse

haha they boost production also no use, oil cheap, more debt for their oil company

Posted by GrowingRich > 2018-11-13 15:29 | Report Abuse

Americans just can't get away from voodoo economics. Their minds are simply soaked in it, from birth.

Posted by ProsperousRealm > 2018-11-13 15:43 | Report Abuse

Among some initial headlines from OPEC Abu Dhabi meeting ...

"We do feel that the oil markets will be at risk to volatility as financial markets become more aware over the potentiality of a slowdown in the global economy next year, and that a REDUCTION in oil supply next year would be APPROPRIATE with the risks of lower economic growth."

https://www.zawya.com/mena/en/markets/story/OPEC_Initial_impressions_from_the_Abu_Dhabi_meeting-ZAWYA20181112093351/

Posted by Jeffrey Ng > 2018-11-13 15:50 | Report Abuse

Hi B4b4, just wan to ask.. are the QTR report so important that can make the share price go up? Yes, even it make profit... but then the oil price keep dropping, eventhough the USD still stay strong, but eventually it will make less profit. What do u think about it?

Posted by afifi > 2018-11-13 15:50 | Report Abuse

buy profit company....
ada untung kasi jual..
tara untung ..diam2 ma

Posted by Want2Win > 2018-11-13 15:59 |

Post removed.Why?

Posted by Want2Win > 2018-11-13 16:03 | Report Abuse

Qrtr report kuluat, itu jam price up, lu yuai lu lapat plofit, sulah ciukup loh. Liam liam luluk aja loh.

Lg apa pasat lu mau kiliau itu company pinya hat leh. Itu lu pinya kleja gah. Bukan lu pinya kleja leh. Itu lia CEO sama lia Board pinya kleja yuga leh.

Haiyyaa, wa pun x tau apa mau ciakap pinya leh, ini olang satu olang.

Posted by SaveMsiaFromPHGov > 2018-11-13 16:11 | Report Abuse

Ha ha ha

Itu Jeffrey Ng mau apply itu Deputy CFO position la, gua ingat. Itu pasal, itu Lembaga Pengarah punya hal pun dia banyak kuat kiliau punya.

Posted by Nicholasming91 > 2018-11-13 16:14 | Report Abuse

Aiyo, those who only care about oil price alrdy left the counter, left here are those who invest for long term . Hibiscus 2.0 coming

Posted by Jeffrey Ng > 2018-11-13 16:17 | Report Abuse

ki ki ki... if i become CFO.. reach become rich liao... ki ki ki..

Posted by B4b4 > 2018-11-13 16:19 | Report Abuse

Hibiscus and Reach, both are good for long term investments

Posted by SaveMsiaFromPHGov > 2018-11-13 16:26 | Report Abuse

Weh, Jeffrey, lu apa macam mau angan angan jadi CFO. Lu sikit hal pun lu sudah kiliau banyak kuat. Mana boleh qualify jadi CFO ini macam punya orang. Lu jadi itu KFC aja boleh la, gua ingat.

Posted by SaveMsiaFromPHGov > 2018-11-13 16:29 | Report Abuse

Atau lu jadi itu CFO punya despatch rider. Tapi, even ini macam punya job pun x boleh banyak cepat kiliau.

Posted by Want2Win > 2018-11-13 16:31 |

Post removed.Why?

Posted by Jeffrey Ng > 2018-11-13 16:36 | Report Abuse

haha... pandainya semua orang cakap.. want2win.. love your ki ki ki... good cheers.. pom pom pom

Posted by GoldenHarvest1 > 2018-11-13 16:41 | Report Abuse

LOL

Posted by SuperPanda > 2018-11-13 20:56 | Report Abuse

tomorrow buy 38.5 next 2 wk sell 45

Posted by SuperPanda > 2018-11-13 20:58 | Report Abuse

dec market will bad, keep cash aside 50% and shopping again later

Posted by B4b4 > 2018-11-13 21:41 | Report Abuse

Hahaha....

Posted by Nicholasming91 > 2018-11-13 21:46 | Report Abuse

Market will push this month, next month will sell for holidays, just watch

Posted by Franklim1989 > 2018-11-13 23:13 | Report Abuse

Malaysia financial budget is WTI 70,now WTI 57.70..short bear market..but CHINA will be more happy,Oil price import cheap and fuel petrol cheap...