PERDANA PETROLEUM BERHAD
KLSE (MYR): PERDANA (7108)
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Last Price
0.26
Today's Change
-0.005 (1.89%)
Day's Change
0.255 - 0.27
Trading Volume
4,537,300
Major Holders Breakdown
Current Holdings
Name
No. of Shares
Percentage
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
DATO TING HENG PENG
12,000
40.00%
Historical Transactions
| From | To | Type | No. of Shares | Min Price | Max Price |
|---|
Discussions
14 people like this. Showing 50 of 7,137 comments
ICON being bought over by Executive Chairman of YINSON. And then there is the IPO of Keyfield International, an OSV operator.
There appears to be much interest in OSV operators all of a sudden. Indeed OSVs is in tight supply and DCR (daily charter rates) is increasing since 2022. Perdana, having the cleanest balance sheet, should benefit and perhaps will be buying new vessels, especially AHTS.
2024-03-27 10:50
Still waiting for the breakout sign. No indicator on the metastock chart
2024-04-18 15:17
Yes. Economic turbulence and uncertainties. Oil, physical gold and usd dollar is perceived as safe haven. People will minimize their spending on big ticket items. Look at the US data. Tesla car sales drop, apple phone slows. New housing sales took a dip
2024-04-20 08:55
Agm on 21/5
Anybody here attending their AGM before
Do they give E Wallet or Gifts
2024-05-16 18:14
Improve quarter result
Thursday shd bounce back to 38 Cts then the break resistance
2024-05-22 11:52
Hi guys …. A bit curious why it keep going down whereby Dayang n Naim are on the uptrend? Anyone can give an insight as to why such trend for Perdana????
2024-06-07 17:32
Major shareholder bought 1M shares on 24 June 2024.
Interesting. Something is brewing in Perdana. The (high) daily charter rates is really bringing in lots of cash (profit) to this long neglected vessels owners ...
2024-06-27 08:48
its alright, slowly but surely.
a bit laggard
behind dayang right?
2024-07-30 18:15
Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
Reuter
HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.
2024-10-04 07:25
Got in 0.295 today. Seems decent price since yr high is >0.50. Israel may strike Iran anytime this few days.
2024-10-04 15:49
U.S. crude oil jumps more than 3%, closes above $77 as market waits for Israel strike against Iran
Published Mon, Oct 7 20247:20 AM EDTUpdated 2 Hours Ago
2024-10-08 05:20
Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !
2024-10-08 08:13
Watch $XLE cause global energy equities about to bounce and continue uptrend. Everything else is so overbought and risky, except energy stocks.
3 weeks ago
Maybank IB Research said it believes that the midstream segment could be more resilient and may not be affected should there be lower capex spending by PETRONAS.
PETALING JAYA: The outlook will be challenging for selected domestic oil and gas companies, due to implications from a possible cut in capital expenditure (capex) by national oil firm Petroliam Nasional Bhd (PETRONAS) and lower oil prices.
According to Maybank Investment Bank Research (Maybank IB Research), Brent crude oil prices are likely to be lower at an average of US$70 per barrel this year versus last year’s US$80 per barrel while the possibility of lower Petronas capex may impact domestic-centric upstream oil and gas services and equipment providers.
This is following the official appointment of Petroleum Sarawak Bhd as the sole gas aggregator for Sarawak with effect from Feb 1, 2024, marking a significant shift in the control of Sarawak’s natural gas resources away from PETRONAS.
Maybank IB Research said the transition of gas trading responsibilities could impact PETRONAS’ revenue stream and free cash flows.
However, the research house was unable to quantify the impact.
“We believe that a PETRONAS capex deferral is a possibility as a significant portion of its trading revenues have likely been lost. Consequently, further exploration, production work and development of projects may be deferred until both parties mutually achieve a resolution,” it added.
The research house said it believes, under a PETRONAS-capex deferral scenario, companies likely to be impacted included Velesto Energy Bhd, Dayang Enterprise Holdings Bhd, Perdana Petroleum Bhd and Icon Offshore Bhd.
Other companies that will possibly experience lower revenues include Sealink International Bhd, Marine & General Bhd, Carimin Petroleum Bhd, Malaysia Marine and Heavy Engineering Holdings Bhd and Petra Energy Bhd.
“While most of these names are showing strong earnings momentum now, potentially lower PETRONAS spending could lead to reduced activity, demand and service-provision rates, resulting in slower growth for the year,” the research house said.
However, it added that it believes that the midstream segment could be more resilient and may not be affected should there be lower capex spending by PETRONAS.
“About 60% of Dialog Group Bhd’s earnings come from its long-term independent and dedicated “take-or-pay” tank terminal assets, which are in the midstream segment in the oil and gas value chain.
“We still like Dialog as the group may benefit from ChemOne’s development of the Pengerang Energy Complex in Johor; and PETRONAS’ RM6bil development of a biorefinery with Eni SpA of Italy and Euglena Co Ltd of Japan with the need for tank terminals for long term storage of refined and crude products,” it said.
Given the high possibility of a dip in PETRONAS capex this year, the research house said there would be a de-rating for the oil and gas sector and lowered the target price-earnings ratio multiple to 10 times.
“For Malaysia’s oil and gas sector, we remain positive but prefer defensive midstream space and floating production system names, with Dialog and Bumi Armada Bhd as top picks,” it added.
However, it maintained a negative outlook for the petrochemicals segment on expectations of polymer average selling prices remaining weak in 2025, as the start of new regional capacities looks set to flood supply.
The research house has “sell” calls on Petronas Chemicals Group Bhd and Lotte Chemical Titan Holding Bhd.
7 hours ago
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