Company Overview and News

Recovery in crude oil prices yet to have big impact on players

Steady path: Gas prices are displayed at a Mobil station in New York. Crude oil prices have risen steadily by more than 10. Shares in oil majors, including Exxon Mobil, have surged. — AP

Barakah appoints new director

PETALING JAYA: Datuk Chew Theam Hock, 56, has been appointed as a non-independent and non-executive director (ED) of Barakah Offshore Petroleum Bhd .

Lower revenue and cost overruns hit Barakah

KUALA LUMPUR: Barakah Offshore Petroleum Bhd sinks deeper into the red in the fourth quarter ended Dec 31, 2017 due to cost overruns at on-going projects, while revenue dropped by almost two-third.

Barakah to the rescue of beleaguered Malaysian owned Otto Marine?

Meanwhile, Yaw Chee Siew(inset pic) is best known in local circles as the executive chairman of Perdana Parkcity Sdn Bhd – the developer of the successful Desa ParkCity township in Kepong..

Eye On Stock: Barakah Offshore Petroleum

BARAKAH Offshore Petroleum Bhd (code: 7251) looked to have hit bottom at 28.5 on Tuesday, which set the stage for a technical rebound and some price recovery. A sudden surge in buying interest on Thursday and some follow-through buying on Friday lent confirmation of an uptrend, adding to hopes that the stock can break free of its descending pattern. It, however, has several difficult hurdles to overcome.

Petronas paints a sombre picture on the oil and gas industry

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has painted a sombre picture on the oil and gas (O&G) industry, stating that the requirement for assets such as rigs would be half from three years ago.

Barakah to jointly bid for O&G jobs

KUALA LUMPUR: Barakah Offshore Petroleum Bhd ’s unit, PBJV Group Sdn Bhd, has entered into a consortium agreement with Brooke Dockyard and Engineering Works Corp and Samling Energy Sdn Bhd to jointly bid for oil and gas related projects in Sarawak.

Higher inflation

THE already high cost of living is about to get higher in the coming months and Malaysians should brace themselves for it.

Isa made significant strides before stepping down

PETALING JAYA: Tan Sri Mohd Isa Abdul Samad has played a major role in Felda since assuming the chairman’s position in June 2011.

Breakfast briefing: Monday, July 31

MarketWatch: High-flying semiconductor stocks may be poised for more losses in the coming weeks as a large swath of chip names reports quarterly results in a sector that may have run up too far for some investors. Investors will parse earnings from 40% of the components in the PHLX semiconductor index over the next month. - Reuters

Encorp in spotlight

Felda chairman Tan Sri Shahrir Abdul Samad(pic) said he hoped to see changes in Encorp with a view that the property group further improve on its performance and returns.

Barakah needs to address financials in the short-to-midterm

KUALA LUMPUR: Maybank Investment Bank has maintained its “sell” call on Barakah Offshore Petroleum with an unchanged target price of 13 sen, based on one time EV/replacement value.

Breakfast briefing: Tuesday, July 11

MarketWatch: US stocks edged higher on Monday, led by gains in technology stocks as investors were optimistic ahead of earnings.

Timber tycoon Yaw boosts stake in Barakah

Barakah's pipelay barge Kota Laksamana 101. United Power Group Holdings, which is owned by the Yaw family, is now the second largest shareholder in Barakah.

Eye on stock; Barakah Offshore Petroleum

BARAKAH Offshore Petroleum Bhd (Barakah; Code: 7251) shares tumbled to an all-time low of 57 sen on June 6 after a long bearish phase, hit by persistent liquidation pressure.

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