Sealink International Bhd is Malaysia-based firm. The company is an integrated service provider, which builds, owns and operates a diverse fleet of offshore marine support vessels, serving mainly the global offshore oil and gas exploration and production industry. The company operates in two segments namely, Shipbuilding segment comprises of the building of offshore marine vessels and related services, and Chartering segment comprises of services like anchor handling, transportation of supplies, diving support, seismic support and other chartering services which also contributes a major part of revenue. Most of its revenue comes from the Malaysian market, while it also has a presence in the United Arab Emirates and Singapore.
Extracted from their last quarter result. Seems that their management is looking confident on recovery their company to peak time. In Year 2014, Sealink went up to year high 0.75 and now worth 0.125 left peanuts. So possible to see a rebound from this stock?
Sealink: Sells Miri land for RM26.5m, expects RM19m gain. Sealink International is selling a 1.94ha land in Miri to an indirect wholly-owned unit of Cahya Mata Sarawak for RM26.5m. Sealink SB inked an agreement with CMS Cement Industries SB, which is acquiring the land located 5.2km northeast of Miri city, in Piasau. Specifically, it is an industrial purposes land situated at Piasau Industrial Estate with the land tenure expiring on June 11, 2036 which is accessible from three directions via tar-sealed roads. (The Edge)
As conclusion, look at oil and gas stock where oil price rally towards new recent high. We look into their future not look at their past. How much lower can this stock go? Bankrupt? Don't forget their NTA is at 0.73 and their share price now worth 0.125. how much different in percentage??!!! Today high volume after it tried at 0.17 high previously. Just sharing opinions to see why high volume today and what is interesting in this company. So first breakout level we might see at 0.17. Estimated at least 5mil to 10mil volume if strong breakout from bottom. Minimal risk with high upside momentum. What do you guys think???