buy kencana again
STOCK MARKET DISCUSSION V66, PET.CHE In & BJTOTO Out, CI will leap ??
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 Nov 12 2010, 05:10 PM
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#1
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3,784 posts Joined: Jun 2005 
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Nov 15 2010, 08:23 PM
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#2
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QUOTE(Icehart @ Nov 15 2010, 06:23 PM) Steel market was sluggish for the most part of the third quarter due to high inventory and over-supply situations in China and Malaysia’s steel market was not spared. However, steel market began to recover in early September due mainly to China’s energy conservation policy whereby most of the energy hungry industries were required to reduce production. We believe that China’s ongoing energy conservation campaign will keep its steel output at a relatively low level for the rest of the year. The anticipated short supply of steel has attracted some early interest in re-stocking activities. Unfortunately, the actual real demand has yet to show much improvement due to economic slowdown in China and slow and choppy recovery in US and Europe. In addition, prices have remained weak due to the influx of imports being dump into Malaysia. We expect steel market to remain volatile and challenging. we got import steel products from china? how many % of china long products brought in recently? china domestic demand abt 700m MT a yearBarring any unforeseen circumstances, the Group is cautiously optimistic of achieving profitability for the rest of the year.  This post has been edited by ts1: Nov 15 2010, 08:25 PM |
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Nov 15 2010, 09:13 PM
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#3
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3,784 posts Joined: Jun 2005
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Announcement
Subject : AWARD OF CONTRACTS Contents : 1.0 INTRODUCTION The Board of Directors of Kencana Petroleum Berhad ("Kencana Petroleum" or "the Company") is pleased to announce that its wholly owned subsidiary, Kencana HL Sdn. Bhd. (“KHL”) has secured contracts from Sarawak Shell Berhad (“SSB”) for the fabrication of compression modules and tie-in modifications (“Contracts”). 2.0 INFORMATION ON THE CONTRACTS Under the Contracts, KHL is to undertake the fabrication of E8K Compression Module and F13K Compression Module & E-11P-B Tie-in Modifications for SSB’s operated fields off the coast of Sarawak. The total contract value is approximately RM275 million. The Contracts are one-off construction contracts and expected to be delivered within the first quarter of year 2012. 3.0 FINANCIAL EFFECTS The Contracts are expected to contribute positively to the earnings and net asset per share of Kencana Petroleum Group for the financial year ending 31 July 2011 and 2012. 4.0 RISK FACTORS Risk factors affecting the Contracts include but are not limited to execution risks such as availability of skilled manpower and materials, changes in prices of materials, and changes in political, economic and regulatory conditions. The Company has throughout the years established its track records and expertise to undertake such projects. As such, the management believes that the Company is able to mitigate the abovementioned risk factors. 5.0 DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST None of the Directors or major shareholders or persons connected with the Directors or major shareholders of the Company has any direct or indirect interest in the Contracts. 6.0 DIRECTORS' STATEMENT The Board of Directors of Kencana Petroleum is of the opinion that the acceptance of the Contracts is in the best interest of the Company. This announcement is dated 15 November 2010 Added on November 15, 2010, 9:15 pmhttp://www.theedgemalaysia.com/highlights/177135-kencana-petrofac-jv-front-runners-for-us250m-sepat-job.html Another USD250m This post has been edited by ts1: Nov 15 2010, 09:15 PM |
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Nov 15 2010, 09:18 PM
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#4
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QUOTE(zamans98 @ Nov 15 2010, 09:16 PM) Fabrication contract profit not much leh. Gross should be around 12-15%. as long as the share move tomorrow hehe  |
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Nov 15 2010, 10:27 PM
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#5
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3,784 posts Joined: Jun 2005
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QUOTE(Iceman74 @ Nov 15 2010, 10:10 PM) better then nothing bought some ard 1.60 then sapu more ard 1.92 already in at 1.88, hope can be 2.20   |
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