Last Price Today's Change   Day's Range   Trading Volume
0.055   +0.01 (22.22%)  0.05 - 0.06  16,525,900
Analyze this stock with MQ Trader system


Market Cap: 117 Million
NOSH: 2,129 Million
Avg Volume (4 weeks):2,817,625
4 Weeks Range:0.04 - 0.06
4 Weeks Price Volatility (%):
52 Weeks Range:0.03 - 0.10
52 Weeks Price Volatility (%):
Average Price Target: 0.18
Price Target Upside/Downside: +0.125
Stamp duty exempted for year 2023

Financial Highlight

Latest Quarter | Ann. Date 31-Dec-2022 [#4]  |  28-Feb-2023
Next QR | Est. Ann. Date: 31-Mar-2023  |  30-May-2023
T4Q P/E | EY: -0.51  |  -194.42%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.0515  |  1.07
T4Q NP Margin | ROE: -211.35%  |  -207.63%


Date Subject
30-Mar-2023 PublicInvest Research Headlines - 30 Mar 2023
30-Mar-2023 Reach Energy Completes Debt Settlement Exercise, to See Super Racer Emerge as Major Shareholder
01-Mar-2023 MQ Market Updates - 01 March 2023
16-Dec-2022 PublicInvest Research Headlines - 16 Dec 2022
01-Jul-2022 Mplus Market Pulse - 1 Jul 2022
30-Jun-2022 MQ Market Updates - 30 June 2022
28-Jun-2022 MTD Capital Disposes of 10.36% Stake in Reach Energy

Business Background

Reach Energy Bhd is an oil and gas exploration and production company. It is principally engaged in the exploration, development, and sale of petroleum products in the Republic of Kazakhstan. The company earns the majority of its revenue from the sale of crude oil in the Republic of Kazakhstan.
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  9 people like this.
newbie_2016 cooking some thing? or boiling water to get steam?? ;)
22/02/2023 2:10 PM
electrifyworld Hehehe, you will find out pretty soon,,,
27/02/2023 2:14 PM
newbie_2016 waaaaahhhh.. you sounded so pleased @electrifyworld!!
27/02/2023 2:58 PM
newbie_2016 wow what did i miss??
27/02/2023 10:51 PM
arcadicus When QR out?
28/02/2023 6:28 PM
arcadicus Why not trading ah?
01/03/2023 9:08 AM
TheContrarian Last round of huge impairment and interest payable before new shareholder comes in later this month.
01/03/2023 9:37 AM
hoot9e996 gone lah, pn17 coming... typical malaysian stock
01/03/2023 9:46 AM
mystery So lousy counter, ppl all run away
01/03/2023 10:04 AM
hoot9e996 this 1 those didnt wake up this morning all die.
8:30 am QR out, trading open at 10am .... 1hr 30minutes those no time see all BURNT
01/03/2023 10:12 AM
TheContrarian No PN17, new shareholder coming in converting shareholder's loans into new shares at issue price of 20 sen which will increase the NTA to around 15 sen.
01/03/2023 2:20 PM
newbie_2016 @electrifyworld.... only steam...lotsa ppl got burnt... haiyaa
01/03/2023 2:41 PM
hoot9e996 https://www.klsescreener.com/v2/news/view/1084457/reach-energy-shareholders-approve-rm206-51mil-debt-settlement oh no idea why i didnt see that
01/03/2023 2:51 PM
hoot9e996 but who knows if the agreement will go through or not....
01/03/2023 2:54 PM
newbie_2016 @TheContrarian... still optimistic? Any thoughts on today's Quarterly annoucement?
01/03/2023 2:58 PM
hoot9e996 malaysia apa pun BOLEH
01/03/2023 3:14 PM
newbie_2016 @hoot9e996 not owned by Malaysian anymore... now Honkie new major shareholder who bought-in at 20 sen...
01/03/2023 3:30 PM
TheContrarian @newbie_2016, latest QR last round of huge impairment write off and huge interest payable on shareholder's loans before new controlling shareholder comes in. Subsequent QRs shouldn't be burdened by these anymore.
01/03/2023 7:21 PM
Orson Chin Will goreng soon …. Bought 0.45 abit today
01/03/2023 9:51 PM
hoot9e996 wow no volume at all this morning
02/03/2023 11:13 AM
newbie_2016 @hoot9e996 Malaysia BOLEH you said it!! heheheh
02/03/2023 2:34 PM
hoot9e996 blood bath first day, 2nd day no more bleeding.... very SUS hahaha
02/03/2023 6:29 PM
newbie_2016 knee jerk reaction.. should have collected more at 4 sen haiyaaa
03/03/2023 12:49 PM
TheContrarian I believe all the bad news is over. Let's wait for new controlling shareholder to come in this month.
03/03/2023 3:44 PM
newbie_2016 fingers crossed @TheContrarian... must say i am amazed at your optimism!!!
03/03/2023 11:21 PM
TheContrarian Forum here is quiet which is a very good sign.
04/03/2023 6:54 PM
newbie_2016 punters got burnt you reckon @TheContrarian?? :)
06/03/2023 1:02 PM
TheContrarian I think they got burnt earlier and hasn't returned. Eventually when price spikes up on huge volume they will return.
06/03/2023 7:37 PM
triplex3mob quiet is good, we can collect more .....
07/03/2023 3:31 PM
8ackwoods Macam got potential to rise
07/03/2023 4:03 PM
newbie_2016 @Backwoods welcome!! New to Reach?
07/03/2023 4:38 PM
arcadicus https://www.klsescreener.com/v2/news/view/1121157
07/03/2023 8:38 PM
triplex3mob waiting 0.04
13/03/2023 1:12 PM
8ackwoods Huge wall at 0.045 tho, maybe if market goes south again then is 0.04 chance
13/03/2023 2:47 PM
davidkkw79 I have a feeling on it soon will falling into PN17... cause losses has even more than its market capital size.
14/03/2023 12:33 PM
newbie_2016 @davidkkw79 I think the new shareholder coming in will adjust the balancesheet (liability converted to shares)... liquidity ratio improves (see announcement)..
14/03/2023 3:47 PM
newbie_2016 @TheContrarian correct right my analysis??
14/03/2023 3:48 PM
TheContrarian @newbie_2016, you are correct.
14/03/2023 7:27 PM
newbie_2016 Thanks @TheContrarian!! Let's see next Q how they are doing...
20/03/2023 2:26 PM
triplex3mob sleepy week incoming
27/03/2023 2:47 PM
8ackwoods Vroom vroom !
28/03/2023 3:15 PM
TheContrarian New controlling shareholder, Reach now foreign owned.
28/03/2023 10:33 PM
izoklse TheContrarian who is the new shareholder ?
28/03/2023 11:13 PM
jasontan1177 chinaman style, pp share till 5 B, the whole comp will eventually belong to this HK guys.
look at Fitters , new boss came in , total share at 600 700m now is 2.48 B.
the same will happen to Reach
30/03/2023 9:04 AM
TheContrarian It's not private placement, it's debt conversion.
30/03/2023 9:24 AM
Sweetkeledek Dont need more PP. They will fully control the oil and gas asset upon their completion of the acquisition of 40% from MIE (Reach owns 60%). At Reach level, their apparent cost is abt USD15 million (price they paid for the loan that is now converted to 1B shares) plus USD5 million in shareholder loan they putting in = abt RM90 million agt Reach market cap of only RM106 million currently
30/03/2023 9:33 AM
jasontan1177 mark my words la, the CEO already said comp will raise more fund. PP at 20 cents ??? or at 3 cents ?
from now on will keep pp to get money for working capital
30/03/2023 9:39 AM
jasontan1177 this 638m deal is a joke.

30/03/2023 9:45 AM
kk7198 Report to MACC
30/03/2023 10:09 AM
TheContrarian Vroommmmmmmmm
30/03/2023 11:46 AM

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