Perdana Petroleum Berhad

@LittleShare @weiwenn928 @boncos @zhexiangxd it's sad to see weakness in oil n gas names. Sector was supposed to be a bright spark this year onwards but due to squabble between Sarawak and Petronas, it got dragged down.

Additionally - now that Trump had won, there's pressure on oil price.

Regardless, opex spending will continue and capex too (despite what could be a lower amount), both leading to continuous earnings potential from the companies within the sector. Hopefully fundamentals will eventually prevail.

$CARIMIN / 5257 (CARIMIN PETROLEUM BERHAD) $DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD) $PERDANA / 7108 (PERDANA PETROLEUM BERHAD) $UZMA / 7250 (UZMA BERHAD) $DELEUM / 5132 (DELEUM BERHAD)

Perdana Petroleum Clinches RM19.1 mil Work Order

Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.

DESB Marine Services is a wholly-owned subsidiary of Dayang Enterprise Holdings Bhd (Dayang), which is PPB's ultimate holding company.
The award entails two contracts that start on Aug 1, comprising a 153-day contract worth an estimated RM13.3 million and a 61-day contract valued at RM5.8 million, the offshore support vessel provider said in a filing with Bursa Malaysia.
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"PNSB will provide the accommodation workboat with crews and equipment to perform 24-hour services for assisting and/or servicing drilling rigs, offshore installation, derrick barges, towing and anchor jobs," PPB said.
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The vessel charters are part of the strategic alliance between the Dayang and PPB groups whereby the utilisation of Dayang's vessels can be maximised and qualified to bid for more offshore maintenance works, it added.

The company obtained a mandate from the company's shareholders at its annual general meeting held on May 21, 2024, to undertake recurrent related party transactions of up to RM100 million.
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The value transacted since then, including the latest vessels charters, is RM40.49 million, said PPB.

$PERDANA / 7108 (PERDANA PETROLEUM BERHAD)

https://cutt.ly/VePFk1nP

Perdana Petroleum Bhd has accepted a work order award from Dayang Enterprise Holdings Bhd to charter two accommodation workboats (AWB).

KUALA LUMPUR: Perdana Petroleum Bhd (PPB), through wholly-owned subsidiary Perdana Nautika Sdn Bhd (PNSB), has accepted a work order award from DESB Marine Services Sdn Bhd valued at RM19.1 million to charter two units of accommodation workboat.

© New Straits Times Press (M) Bhd

PETALING JAYA: Perdana Petroleum Bhd has accepted a work order award from Dayang Enterprise Holdings Bhd to charter two accommodation workboats (AWB).

Titan Trading Notes For Tuesday [20/8/2024]:

$KLSE-KLCI had a huge rally today, breaking out all the way towards the 1648 points region with the banking sector lifting the entire index up. Overall market sentiment however was mixed as we still saw almost 550 counters closing red for the day. Daily trading volume remained average around the 3.89 billion mark.

Main stocks that showed strong buying momentum would be the likes of TOPGLOV, PBBANK, MBSB, SPSETIA, CIMB, RHBBANK, MUIPROP, MAYBANK, HARTA, AMBANK, SIME, SFPTECH, and HUBLINE. All of which were able to sustain their rallies throughout the day on the top volumes list.

$TOPGLOV / 7113 (TOP GLOVE CORPORATION BHD) , following the MPOX outbreak and declared as an emergency, gapped up and rallied all the way towards the RM 1.03 regions with huge volume and buying momentum today.

For now still remaining in a downtrend here but as long as able to sustain the buying momentum, the MPOX outbreak could serve as a catalyst for glove stocks like TOPGLOV, potentially bringing it back towards the RM 1.15+ regions in the coming weeks.

These few days, will be quite crucial for TOPGLOV here to see if it's able to sustain the buying momentum.

$MBSB / 1171 (MALAYSIA BUILDING SOCIETY BERHAD) since breaking out towards the RM 0.90+ regions, had been retracing over the past few months here, heading all the way back towards the RM 0.73+ major support levels earlier this month.

Since them, had been able to bounce back very strongly and today, broke out from its RM 0.835+ main downtrend resistance with huge volume, breaking out towards the RM 0.86+ regions today.

Will be monitoring MBSB closely here as seems to be starting back an uptrend here.

$PERDANA / 7108 (PERDANA PETROLEUM BERHAD) since retracing back towards the RM 0.37+ major support levels earlier this month, had been able to climb back up strong towards the RM 0.45+ regions on the daily chart.

For now looking quite strong and healthy on an uptrend here. As long as able to sustain above its RM 0.435+ main support levels, could continue on to trend up towards and beyond the RM 0.50+ regions in the coming weeks.

Will be monitoring PERDANA closely here

Change in Boardroom - PUAN HASMIAH BINTI ANTHONY HASBI

@terence775 I'm personally still bullish on $CARIMIN / 5257 (CARIMIN PETROLEUM BERHAD) and find it a potential laggard play for 2nd half of the year.

For one, its share price have not moved as much as its main peers in its main business - like $DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD) and $PENERGY / 5133 (PETRA ENERGY BERHAD), or even if compared to the likes of other marine services players like $PERDANA / 7108 (PERDANA PETROLEUM BERHAD) or the newly listed KEYFIELD.

The reason could be due to a pretty disappointing past 2 quarter results which can be expected due to low season (monsoon) leading to low utilisation of vessels, as well as - according to channel checks - a dry docking in the December quarter which caused them to incur cost plus revenue loss.

But a combination of better full swing utilisation at high DCR RM150k per day should bode well for CARIMIN (calculate yourself and use a % as a margin). Historically Q1 and Q4 is also the strongest for the company.

Lastly, the impairement write back - despite being a non cash item - will help to make FY24 a record year for the company, and as you pointed out - they're also one of the few NET CASH oil n gas companies in Malaysia.

OTHERS (Amended Announcement)Press Release

$DAYANG / 5141 (DAYANG ENTERPRISE HOLDINGS BERHAD)
$PERDANA / 7108 (PERDANA PETROLEUM BERHAD)

OTHERSPress Release

Change in Boardroom - DATUK HASMI BIN HASNAN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK LING SUK KIONG

Additional Listing Announcement /Subdivision of Shares

Changes in Director's Interest (Section 219 of CA 2016) - DATUK HASMI BIN HASNAN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - NAIM HOLDINGS BERHAD

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK HASMI BIN HASNAN

Changes in Sub. S-hldr's Int (Section 138 of CA 2016) - DATUK AMAR ABDUL HAMED BIN SEPAWI

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Additional Listing Announcement /Subdivision of Shares

Quarterly rpt on consolidated results for the financial period ended 31/03/2024

General Meetings: Outcome of Meeting

Annual Report & CG Report - 2023

PERDANA PETROLEUM BERHAD - PROPOSED RENEWAL OF EXISTING SHAREHOLDERS' MANDATE FOR RECURRENT RELATED PARTY TRANSACTIONS OF A REVENUE OF TRADING NATURE

General Meetings: Notice of Meeting

Additional Listing Announcement /Subdivision of Shares

Titan Trading Notes For Monday [22/4/2024]:

$KLSE-KLCI had a decent rebound back towards the 1547 points region despite widespread panic over global indices on the Israel-Iran war news. Although KLCI was green, the overall market was still in fear mode as we saw over 900 counters closing red for the day. Daily trading volume saw a surge back towards the 4.7 billion but unfortunately was dominated by selling activities.

Main stocks that showed strong buying momentum would be the likes of PMHLDG, YTL, MCLEAN, BAHVEST, HIBISCS, and PERDANA. All of which were able to sustain their rallies throughout the day on the top volumes list despite the weak market sentiment.

$PMHLDG / 1287 (PAN MALAYSIA HOLDINGS BERHAD) since breaking out from its RM 0.19+ main downtrend resistance, had been able to hold quite well above this region and was able to breakout towards the RM 0.21+ regions with good volume and buying momentum despite the panic selling activities.

For now looking quite strong here and as long as able to hold above its RM 0.20+ immediate support levels, could continue on this uptrend towards the RM 0.24 - RM 0.25+ regions in the coming weeks.

Will be monitoring PMHLDG closely here to see how this develops.

$PERDANA / 7108 (PERDANA PETROLEUM BERHAD) despite the weak market sentiment, was able to hold quite well above its RM 0.32+ main uptrend support levels on the daily chart here and looks quite ripe for a potential rebound back towards the RM 0.35 - RM 0.365+ regions.

This stock had been consolidating and retracing from its RM 0.365 local high levels over the past month and seems to have formed a higher low region already on the daily chart.

Will be monitoring PERDANA closely here as seems to be on a mid-long term uptrend.

EPICON since breaking out towards the RM 0.495 regions, had been retracing over the past few weeks here and retraced all the way back towards testing its RM 0.395+ main uptrend support levels on the daily chart here.

During Friday, we saw huge buying momentum after lunch which saw the stock rebounded back towards the RM 0.415 levels with good volume. If able to hold a higher low region here, could continue on towards and beyond the RM 0.43 RM 0.45+ regions soon.

Additional Listing Announcement /Subdivision of Shares