Hi guys,
By now all are aware that we are in a NEW BULL RUN TIME IN OGSE (OIL & GAS SERVICE/EQUIPMENT) STOCKS
Let's take another look at Carimin, Penergy & Dayang
1. See Carimin latest Qtr Report
Due to monsoon Carimin still registeref an increase of Revenue from Rm40 Mil to Rm96 Mil for over 140% Rise in Revenue
Note: Rising Revenue means increased Orders from Petronas
Carimin has Rm114 Millions in PPE (Property/Plant/Equipment)
Still new. So Carimin is like a baby OGSE
Still growing up. Good.
2. See Dayang Qtr next
Dayang revenue also increased from Rm173 mil to Rm285 millions (Up 64%)
Its profits surged to 10.13 sen
Dayang is not so affected by Monsoon as it is near the "land below the wind"
Very good Growth Surge!!
Dayang the Taiko has PPE of Rm1.4 BILLIONS (Over 10 times of carimin)
But Dayang also got huge debt over Rm1 millions. Another handicap is its liability in Perdana
But Dayang should do well as Petronas is helping
3) Let's see PENERGY
Definition of Subunit:
Revenue increased by 61% from Rm118 mil to Rm191 Million
PPE & Investments are Rm319 Millions
Modest borrowings are backed by Assets & Investments
OF THE 3 PENERGY IS IN THE SWEET SPOT
ITS PRICE STILL LAGS BEHIND DAYANG
BUT ITS FUNDAMENTAL IS STRONGEST OF ALL OGSE
SO PENERGY HAS FURTHER UPSIDE TO GO
AT 75 SEN NOW
CALVIN CALLS FOR A BUY
TARGET PRICE?
IT SHOULD RISE ABOVE RM1.00 TO MATCH DAYANGFIRST
A MODEST ONE YEAR TARGET FOR PENERGY IS RM1.50
A Reminder
On January 2018 Calvin posted Carimin at 39 sen & gave a Target price for carimin at 80 sen
But to the surprise of all Carimin (currymee) was chased 94.5 sen (exceeded my T/P of 80 sen)
If you look into the 10 year or more history of these
Carimin was above Rm1.00 during IPO
Dayang was only 50 sen long ago
Penergy which was purchased from Perdana was a high of Rm5.00
Petra Perdana & Petra Energy were one at one time
After Waseong people bought Petra Energy from Petra Perdana they went separate ways
Perdana later took on too much debt & got into problem
Penergy remain prudent, solid & sound
The Petra is the feminine of Peter which means "A Rock"
SO PENERGY IS THE OGSE WITH ROCK SOLID FUNDAMENTAL
IT SHOULD DO VERY WELL
BEST REGARDS
Calvin Tan Research
Singapore
Please buy/sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/195879.jsp
By now all are aware that we are in a NEW BULL RUN TIME IN OGSE (OIL & GAS SERVICE/EQUIPMENT) STOCKS
Let's take another look at Carimin, Penergy & Dayang
1. See Carimin latest Qtr Report
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
96,255
|
40,253
|
180,342
|
64,988
|
2 | Profit/(loss) before tax |
5,326
|
-3,297
|
16,970
|
-3,369
|
3 | Profit/(loss) for the period |
5,215
|
-3,639
|
16,743
|
-3,822
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
5,264
|
-3,606
|
16,979
|
-3,884
|
5 | Basic earnings/(loss) per share (Subunit) |
2.25
|
-1.54
|
7.26
|
-1.66
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
Due to monsoon Carimin still registeref an increase of Revenue from Rm40 Mil to Rm96 Mil for over 140% Rise in Revenue
Note: Rising Revenue means increased Orders from Petronas
Carimin has Rm114 Millions in PPE (Property/Plant/Equipment)
Still new. So Carimin is like a baby OGSE
Still growing up. Good.
2. See Dayang Qtr next
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
285,648
|
173,259
|
937,641
|
694,989
|
2 | Profit/(loss) before tax |
131,236
|
-8,955
|
220,027
|
-66,502
|
3 | Profit/(loss) for the period |
101,327
|
-60,674
|
148,055
|
-153,182
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
97,724
|
-55,210
|
164,223
|
-144,891
|
5 | Basic earnings/(loss) per share (Subunit) |
10.13
|
-5.72
|
17.02
|
-15.46
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.1700
|
0.9900
|
Dayang revenue also increased from Rm173 mil to Rm285 millions (Up 64%)
Its profits surged to 10.13 sen
Dayang is not so affected by Monsoon as it is near the "land below the wind"
Very good Growth Surge!!
Dayang the Taiko has PPE of Rm1.4 BILLIONS (Over 10 times of carimin)
But Dayang also got huge debt over Rm1 millions. Another handicap is its liability in Perdana
But Dayang should do well as Petronas is helping
3) Let's see PENERGY
SUMMARY OF KEY FINANCIAL INFORMATION
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
31 Dec 2018
|
31 Dec 2017
|
31 Dec 2018
|
31 Dec 2017
|
||
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
1 | Revenue |
191,832
|
118,438
|
467,424
|
460,230
|
2 | Profit/(loss) before tax |
20,904
|
-46,679
|
-18,584
|
-46,212
|
3 | Profit/(loss) for the period |
20,884
|
-46,500
|
-20,996
|
-46,033
|
4 | Profit/(loss) attributable to ordinary equity holders of the parent |
20,884
|
-46,500
|
-20,996
|
-46,033
|
5 | Basic earnings/(loss) per share (Subunit) |
6.51
|
-14.49
|
-6.54
|
-14.34
|
6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.0300
|
1.1000
|
Remarks : |
The amendment is on item 4 of profit/(loss) attributable to ordinary equity holders of the parent (RM'000) for the preceding year corresponding period ended 31 December 2017. The correct figure is -46,033 instead of 46,033. This amended announcement is dated 22 February 2019. |
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
Example for the subunit as follows:
Revenue increased by 61% from Rm118 mil to Rm191 Million
PPE & Investments are Rm319 Millions
Modest borrowings are backed by Assets & Investments
OF THE 3 PENERGY IS IN THE SWEET SPOT
ITS PRICE STILL LAGS BEHIND DAYANG
BUT ITS FUNDAMENTAL IS STRONGEST OF ALL OGSE
SO PENERGY HAS FURTHER UPSIDE TO GO
AT 75 SEN NOW
CALVIN CALLS FOR A BUY
TARGET PRICE?
IT SHOULD RISE ABOVE RM1.00 TO MATCH DAYANGFIRST
A MODEST ONE YEAR TARGET FOR PENERGY IS RM1.50
A Reminder
On January 2018 Calvin posted Carimin at 39 sen & gave a Target price for carimin at 80 sen
But to the surprise of all Carimin (currymee) was chased 94.5 sen (exceeded my T/P of 80 sen)
If you look into the 10 year or more history of these
Carimin was above Rm1.00 during IPO
Dayang was only 50 sen long ago
Penergy which was purchased from Perdana was a high of Rm5.00
Petra Perdana & Petra Energy were one at one time
After Waseong people bought Petra Energy from Petra Perdana they went separate ways
Perdana later took on too much debt & got into problem
Penergy remain prudent, solid & sound
The Petra is the feminine of Peter which means "A Rock"
SO PENERGY IS THE OGSE WITH ROCK SOLID FUNDAMENTAL
IT SHOULD DO VERY WELL
BEST REGARDS
Calvin Tan Research
Singapore
Please buy/sell after doing your own due diligence
https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/195879.jsp