Oil prices dropped on Monday as scant details about the first phase of a trade deal between the United States and China undercut optimism over a U.S.-Sino thaw that had helped lift crude markets by 2% at the end of last week.
Brent crude dropped $1.85, or 3.1% to $58.66 a barrel, while U.S. West Texas Intermediate (WTI) crude lost $1.74, or 3.2% to $52.99 a barrel.
14-Oct-2019 Insider Notice of ceasing to be substantial holder - MR LIM YEW HOE on 11-Oct-2019. 14-Oct-2019 Insider MR LIM YEW HOE (a company director) disposed 1,000,000 shares at 1.200 on 11-Oct-2019. 14-Oct-2019 Insider MR LIM YEW HOE (a company director) disposed 250,000 shares at 1.200 on 11-Oct-2019.
Monday 14/10 saw volume traded surged about 3 times daily average. Surely, those investors expect price to appreciate? At least to my TP of 1.47? Have a profitable trading day!
Almost 4 million shares disposed by directors for the past one week; between RM1.20 to RM1.36. I can't figure out a good reason why almost all directors selling their shares in open market, IF the business is Sooo good and profit going to be very good in the coming QRs. Why dont they just keep for another one month for the fantastic good QR to be released end of November!!! Anyone can enlighten me?
I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1. I had done my homework many ... many times, I wish to debate based on facts and figures. I do not have any insider information, all information I gathered is from quarter result or report. Look at quarter result performance as follows :- https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5257
Conversation of four investors at a popular coffee place in PJ today was on O&G and all four wondered whether Carimin will surprise with a third dividend..............??? Please share a view.TQ .
Dear bc8660, The short terms oil price volatile will not impact the O&G services segment, in fact, this may provide an opportunity for more support maintenance works, the people now very smart and already realized this fact.
Don't try to fool people there, the Carimin uptrend would remain intact.
For me, Carimin is one of the best company picks in this sector, not regrets!
Ans : I think you are very good in analyse stock. I agreed with you. Carimin passed 5 of my most important criteria to assess the fundamental of a stock. Growth - 213% compared against previous year Cash flow generating from operating activities - 35 million in Q4 2019 result PER - 8.5 ROE - 18.2% EV/Ebit - 5.9
TA chart pattern is "Cup And Handle Chart Formation" which is super bullish.
I wish to buy cheap today, unfortunately I cannot get it despite bearish KLSE market sentiment. I still hope to buy some on weakness if there is one in next few days.
1. Naim (95.5sen) No of share volume: 514m Market Cap: 491m
2. Dayang (RM 1.93) No of share volume: 965m Market Cap: 1862m
Naim have 26.4% stake in Dayang = RM 491.6m = whole Naim value. These Naim 26.4% investment in dayang already is its entire market value give rise to Naim core assets are essentially FREE.
Among Naim FREE assets are 2600 acre of landbank situated in 3 flagship property project in Miri, Kuching and Bintulu + construction orderbook (RM 2 billion including pan Borneo highway),
Despite, possess so many assets and investment in Dayang 26.4% stake + 10% stake in Perdana, Naim balance sheet remain very healthy with cash holding RM 310m, and short+long term borrowing RM 510m.
Next month is Sarawak state budget, many infrastructure project including coastal highway, trunk road are awaiting to be awarded. Naim is key highway beneficial in the state.
Not many "insiders" know much about a company, some are happy with 5 sen profit, others go for 40 sen. Don't worry about them or the manipulators on the forum. Follow your own feelings and take your profit at your own time.
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....
ck2201
223 posts
Posted by ck2201 > 2019-10-14 09:58 | Report Abuse
Today is the day hehe ^-^