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Business Background Alam Maritim Resources Bhd is a Malaysia-based investment holding company. It operates through two business segments: Offshore support vessels and services, and Subsea services. Its Offshore support vessels and services segment is engaged in providing vessels for charter hire; assisting seismic operators in seismic survey related activities; transportation of crew and supplies; towing and mooring of rigs offshore; anchor-handling services and other support. Its Sub-sea services segment is engaged in providing offshore facilities construction and installation services, such as marine construction related services; sub-sea engineering services and offshore pipeline construction-related services, and designing, manufacturing and operating of remotely operated vehicles.
  obakh222 KLSE: ALAM ALAM MARITIM RESOURCES BHD Last Price Avg Target Price Upside/Downside Price Call 0.035 0.13 +0.095 (271.43%) * Average Target Price, Price Call and Upside/Downside are derived from Price Targets in the past 6 months. ** Price Targets are adjusted for Bonus Issue, Shares Split & Shares Consolidation (where applicable) *************** i3 investor.com *************** 02/02/2023 11:17 AM obakh222 C n P....... Does oil price affect Alam? zenbeginner Oil price has no impacts to Alam. Their businesses are based getting projects from Offshore support vessels and services, and Subsea services. Unless the oil prices drive up the demand for Alam services, canlah. But i am sure their competitors are also eyeing same projects WASHINGTON ? 02/02/2023 11:19 AM obakh222 WAR: Russia-Ukraine. OPEC and Putin already kawtim. Opportunities on spill overs of war already taken by others. ALAM hope for LNG (vessel service) only la I presume. 02/02/2023 11:27 AM afata08 Price look maintain at 0.03-0.035 at moment..still a confident in investor. Good 02/02/2023 1:52 PM kingJ This is a service provider to oil/gas rigs. The number of rigs have increased and still increasing. I think as such there is a shortage of these service providers, hence will operate in full force and better pricing 02/02/2023 6:21 PM Whiteevoque Go go go should be able to break 10sen soon. Their peers are all moving up fast alreadt 02/02/2023 6:50 PM Whiteevoque Alam’s revenue last quarter of rm90mil is higher than perdana, icon, m&g and eatech. They only has minimal loss after reflecting the impairment value on the vessels. Now that Petronas has increased the serve life of vessels to 20 yrs from 15 years, this will result in positive values to all vessels companies. They also had won court case against their clients vestigo and should get the payment soon. My target is at least 11sen to complete the cup pattern in 2-3 months time 06/02/2023 11:13 AM success2628 Oil prices posts gains after Russia says it will cut output by 500,000 barrels a day PUBLISHED FRI, FEB 10 2023 6:18 AM EST UPDATED 3 HOURS AGO Ruxandra Iordache https://www.cnbc.com/amp/2023/02/10/oil-prices-rise-after-russia-says-it-will-cut-output.html Russia will cut oil output by 500,000 barrels per day in March, Deputy Prime Minister Alexander Novak said on Friday, following Western bans on Moscow's crude and oil products implemented in the past few months. The announced production decline amounts to roughly 5% of Russia's latest crude oil output, which Paris-based watchdog the International Energy Agency estimated was down at 9.77 million barrels per day in December. The Brent contract for April delivery rose 2.24% to settle at $86.39 a barrel, having risen more than 8% for the week. U.S. West Texas Intermediate crude futures rose 2.13% to settle $79.72 a barrel, and rose 8.63% for the week for to notch the best week since October. Novak said that the reduction will "help restore market relations," according to a Google translation of comments reported by state news agency Tass. He noted that the cut does not apply to gas condensate and will be calculated from actual output levels, not from Russia's quota under the OPEC+ output agreement. The decision was not made in consultation with the OPEC+ coalition, which Moscow co-chairs. OPEC+ producers must typically agree consensus on output policy, with members bound to their targets. But the group has previously allowed voluntary gestures that honor the spirit of existing output agreements — in this case, the Russian decline would build on a previous OPEC+ decision to lower production by a combined 2 million barrels per day, agreed in October last year. Other OPEC producers facing sanctions, such as Venezuela and Iran, have requested and received exemptions from their production quotas. Several OPEC+ delegates previously told CNBC that Russia had so far signaled no intention to ask for similar accommodations. The EU implemented bans on seaborne imports of crude oil on Dec. 5 and of oil products this week. Under a program passed by the G-7 wealthiest nations, Western providers may continue to supply key financial and shipping services to transport Russian volumes to non-G7 destinations, provided these fuels are purchased beneath specific price caps. "As previously stated, we will not sell oil to those who directly or indirectly adhere to the principles of the 'price ceiling'," Novak reiterated on Friday, adding that the price cap program could lead to oil and oil products shortages. "Lower Russian production together with China's reopening should tighten the oil market further over the coming quarters," UBS Strategist Giovanni Staunovo said in a Friday note to clients. 11/02/2023 8:07 AM success2628 Walaoeh, Superb good news ! Russia says it will cut output by 500,000 barrels a day ! Like that next Monday Alam definitely will be limit up already liao lah ! Heng ah, Ong ah, Huat ah ! 11/02/2023 8:18 AM khoomingjau heard from my accountant friend that the management decided to sell away their business and quit 20/02/2023 3:54 PM zenbeginner Just signed MOU to bid for projects, and now want to sell? Main pasir ah? 20/02/2023 7:42 PM success2628 Perdana Petroleum bags vessel charter contract from Petronas Carigali theedgemarkets.com/ theedgemarkets.com February 20, 2023 17:49 pm +08 https://pnews.theedgemarkets.com/node/655961 KUALA LUMPUR (Feb 20): Oil and gas offshore marine service provider Perdana Petroleum Bhd has bagged a RM7.96 million contract from Petronas Carigali Sdn Bhd to supply one unit of anchor handling tug and supply (AHTS) vessel. In a filing with Bursa Malaysia on Monday (Feb 20), Perdana Petroleum said its wholly owned subsidiary Perdana Nautika Sdn Bhd has received a work order award from Petronas Carigali on Jan 27. Under the deal, Perdana Nautika will provide the AHTS vessel with crews and equipment. "The contract, which will commence on the vessel's on-hire certificate date, estimated on March 1 is for a duration of up to 245 days, with an option to extend for up to 30 days," it added. "The contract is expected to contribute positively to the group's earnings and net assets for the financial year ending Dec 31, 2023." Perdana Petroleum shares closed unchanged at 18 sen on Monday, giving it a market capitalisation of RM399.44 million. 21/02/2023 7:41 AM success2628 Walaoeh, Superb Outstanding QR for Alam already released !!! Making a hugh profits of around 13 million ringgits !!! Weldone Alam !!! SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2022 Revenue : 52,071,000 Profit/(loss) before tax : 11,685,000 Profit/(loss) for the period: 12,544,000 28/02/2023 10:21 PM pogbaggmu https://klse.i3investor.com/web/blog/detail/shareseatreasure/2023-03-03-story-h-296533533-THE_MOST_UNDERVALUED_OIL_GAS_GEM_THAT_COULD_EASILY_INCREASE_BY_500 03/03/2023 2:46 PM pogbaggmu check out his previous recommendations. unbelievably accurate, especially on ysp where he even warned early about the downside which actually came true. i have shifted my money out of perdana to alam. 50% gain from perdana! thank you csan! 03/03/2023 2:49 PM Whiteevoque Thanks csan! Yup im with you on this. My top pick in this segment are eatech and follows by alam. Perdana is also good. Eatech should try break its ath of rm1.50 next year and alam may go above 40sen technically both are feasible. Fundamentally no doubt we will see profit growth until at least 2025 04/03/2023 11:26 AM csan saparuddin1973, thanks for sharing the article. i forgot to mention about the starting date of Petronas' new annual CAPEX of RM60billion which is very important. I have updated my blog post to highlight this. 08/03/2023 1:12 AM mf Dow Jones Dow Jones Industrial Average 32,909.17 -522.27 1.56% Nasdaq NASDAQ Composite 11,533.52 -142.21 1.21% 08/03/2023 4:20 AM  | |
