Crude oil price maintain at high level,
Petronas will spend more from now onward,
South & North Korea is going to war
hence will boost up cruel oil price somemore,
Alam remain the low PE stock in oil & gas sector.
Financial strong.
Above are the reasons I put my bet on it.
4 comments:
I am holding ALAM too. OSK Research target price is at RM1.63.
haha.. thats good.. Alam has 60% business come from petronas, so i think petronas will pump more money to him next year..
could you share with me that why do you think that Alam is worth to buy? The share is dropping till Rm0.995 yesterday.
I bought it is because 60% of its business come from Petronas and Government is asking Petronas to pump in money in oil and gas industry to boost up the market.
Another point is I forsee the overall market is recovery and oil and gas industry is starting to make money again.
Refer to its balance sheet, Its finance still managable, so should not be any finance problem for it.
You may refer to my previous article: http://hongwei85.blogspot.com/search/label/Alam
However recently it drops to RM 0.995, I think it might due to the news of debt collaction from VASTALX (RM 146 million).
There are uncertainties there. Buy or sell take your own risk. :)
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