Traders Kopitiam! V6

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Traders Kopitiam! V6

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gark	Nov 28 2014, 09:59 AM Return to original view \| Post #41
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(spring onion @ Nov 28 2014, 02:41 AM) looking at it too since it's a big and stable company. might get it if below 2.80. what is your target price to buy? Yeah currently trading at PE 13x, quite attractive for a big cap. Their fabrication and drilling works is backed by multi year contract and big order book (2 years), so it should not be affected by temporary fluctuation in oil price. Unless of course the oil price is kept low for next year or so... For their oil production, their average cost un drilled is USD 14 per barrel, after adding cost etc might be in region of USD 40-50 per bbl. Still profitable but certainly having less overall profit. Overall next Q profit is expected to be down 20-30% due to less margin for production. 2.80 is a good price, valuing it at about PE10-11x thereabout. This post has been edited by gark: Nov 28 2014, 10:02 AM
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gark	Nov 28 2014, 10:00 AM Return to original view \| Post #42
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(johnnyzai89 @ Nov 28 2014, 09:54 AM) So did Armada get the contract? No news... yet.
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gark	Nov 28 2014, 10:12 AM Return to original view \| Post #43
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 10:07 AM) But if oil remains at such low prices, would they see their contracts revisions? (hehe... please educate me cos I am pretty much a blur here. ) Contracts if cancelled will have serious implications and penalty payments, unless agreed by both parties. However the flow of NEW contracts might be suspended temporary.. until which time oil recovers. If the oil price takes too long to recover and the existing contract expires or not renewed, then the company will be in trouble. More or less if the oil price does not get back up to $90 within the next 12 months, then SKpet will be in trouble...
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gark	Nov 28 2014, 10:14 AM Return to original view \| Post #44
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	Added buy queue for both Skpet and Armada. But not yet match... This post has been edited by gark: Nov 28 2014, 10:15 AM
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gark	Nov 28 2014, 10:32 AM Return to original view \| Post #45
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 10:29 AM) » Click to show Spoiler - click again to hide... « Not entered anything yet................ (and as you are aware, I was indeed a fan of this stock for its growth potential) I drew the chart before... and previously (as suggested by others) there was a line drawn on the sand around 316. If you minus today's terrible gap down... you could actually see some volume build up as the stock tried to stage a recovery....a few days ago. Oil prices kinda stabilized... and SKPet prices stopped falling... I even made a comment that perhaps buying then was a much better option than chasing the stock when it was falling..... Yes, I observed some buying support for the stock too! Then came yesterday..... or rather today's gap down.... and you cannot stop wonder about those buyers..... what if these bottom traders give up those positions they recently took? Oil outlook just got worst... or rather many people now suddenly a pro oil BEAR! LOL! Yes, a lot of writings are singing the death to oil...... whether they are right or wrong...... I dunno..... but it looks more and more that this drama would last much longer..... and judging from the chart... the chances of a sharp rebound is getting slimmer and slimmer....... also.... do I know the next level for SKPet from here? ie what's after 280? 260? 240? or would we even see 210? no matter what..... I like the WAIT option much better. Perhaps you are right, but I have always been a knife catcher. I am looking more at the 2008 graph of oil companies and oil price when it fell to $40.. it did not last, during the worst financial crisis ever, and not likely to last now. At $60 a lot of oil companies rather not drill or cannot drill (due to money losing), based on supply and demand price will balance it self. $150 oil is crazy, so is $40 oil... considering how much $$ it needs to produce them. This post has been edited by gark: Nov 28 2014, 10:35 AM
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gark	Nov 28 2014, 10:43 AM Return to original view \| Post #46
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 10:40 AM) I know I won't be 100% correct in my way... Like the other day... Muhibbah came crashing down very badly..... hitting a low of 213.... when I posted here.... Of course... my instant reaction was to avoid.... let the falling play itself out first... but I was wrong.... the stock rebounded swiftly ... right after i posted.... whistle However for SKPet... I have commented on it since it was falling down around 360 or so..... look at this... many government will fall.. And this... oil production cost... Sk Pets, production cost of $40-$45 per bbl is in line with offshore shelf. This post has been edited by gark: Nov 28 2014, 10:48 AM
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gark	Nov 28 2014, 10:49 AM Return to original view \| Post #47
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(V-Zero @ Nov 28 2014, 10:47 AM) ^ Where's our beloved Malaysia. Incoming fuel tax. LOL.. Malaysia cant even balance budget with oil price at $100... much less at below $70... Say bye bye to BR1M liao..
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gark	Nov 28 2014, 10:54 AM Return to original view \| Post #48
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 10:52 AM) Yes. I am aware of these stats. However, considering these facts... you cannot help but scratch your hair until bald when you get OPEC's decision to maintain and not cut oil output.... It's a W T F decision which escalated the wild selling yesterday...... Cutting output will likely plunge many countries into recession.... apparently the Venezuela minister scolded the OPEC and storm out of meeting. The funny thing is that, there is no reduction of consumption, yet the price has slumped... apparently the OPEC wants to curb US shale oil production... This post has been edited by gark: Nov 28 2014, 10:56 AM
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gark	Nov 28 2014, 12:32 PM Return to original view \| Post #49
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 12:20 PM) USD/MYR ........ Expected MYR will crash.. cause it's budget is petrol-dollar supported. Almost all petrol dollar countries currency is affected. This post has been edited by gark: Nov 28 2014, 12:33 PM
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gark	Nov 28 2014, 12:34 PM Return to original view \| Post #50
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 11:28 AM) just for comparison... chart from: http://www.zerohedge.com/news/2014-10-10/w...nd-saudi-arabia Too many conspiracy theory... I dont like Zerohedge.. it's ideas are sometimes too 'wild'
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gark	Nov 28 2014, 12:35 PM Return to original view \| Post #51
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	Ding! ding! Armada price queue matched.. SKpet not yet match. Time for some OnG for long term holdings, cause previously too expensive (PE wise) to buy. This post has been edited by gark: Nov 28 2014, 12:37 PM
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gark	Nov 28 2014, 12:42 PM Return to original view \| Post #52
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(tstan8_8 @ Nov 28 2014, 12:40 PM) not understand, Ppl fight for drop in oil price in this coming December. But Armada? What not understand? Armada revenue & profits is 100% derived from OnG.... now oil price drop... so Armada... drop also lo.
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gark	Nov 28 2014, 12:47 PM Return to original view \| Post #53
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	Lets see the opposite side of the trade... Oil falling, Gas falling, coal falling, MYR falling... Which counter benefit most? Gotta look into that. This post has been edited by gark: Nov 28 2014, 12:48 PM
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gark	Nov 28 2014, 02:09 PM Return to original view \| Post #54
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(tstan8_8 @ Nov 28 2014, 02:04 PM) then u still matching armada? Me hero mah... like what Ah Boon says...
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gark	Nov 28 2014, 02:10 PM Return to original view \| Post #55
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Pink Spider @ Nov 28 2014, 02:08 PM) By that u mean the uptrend straight line support is breached, right? Both chart like want to die only..
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gark	Nov 28 2014, 05:01 PM Return to original view \| Post #56
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(johnnyzai89 @ Nov 28 2014, 03:58 PM) Gark, did your SKpetro order matched? Matched already! Now prepare to queue at 20 sen lower on monday... This post has been edited by gark: Nov 28 2014, 05:01 PM
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gark	Nov 28 2014, 05:03 PM Return to original view \| Post #57
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(johnnyzai89 @ Nov 28 2014, 04:20 PM) ah boon ah.... I...need to...think... Don't follow people play play if you no conviction and holding power... anyway i invest less than 5% of portfolio on these two OnG counter so I am not too worried.
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gark	Nov 28 2014, 05:05 PM Return to original view \| Post #58
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Boon3 @ Nov 28 2014, 04:28 PM) You go hunting... which is easier? Hunting down a lively tiger? Or hunting down a half wounded tiger? Dying tiger is the best... You ada beli kah?
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gark	Nov 28 2014, 05:06 PM Return to original view \| Post #59
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(Pink Spider @ Nov 28 2014, 05:05 PM) Pharmaniaga koyak again Need ebola come to Malaysia...
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gark	Nov 29 2014, 10:06 AM Return to original view \| Post #60
10k Club Senior Member 12,534 posts Joined: Mar 2009 From: Penang, KL, China, Indonesia....	QUOTE(~Curious~ @ Nov 28 2014, 10:16 PM) hello all, can ask how much is needed to trade in SGX?what r d procedures too? No procedure. Open cross border account with your broker. SGX minimum purchase is 1 lot = 1000 shares x price of share = minimum cash required + brokerage
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