Two Malaysian companies, MR DIY Group (M) Berhad and Petra Energy Berhad (PENERGY), offer compelling reasons to consider adding their stocks to your portfolio. Here’s a look at why these stocks stand out. MR DIY Group (M) Berhad (MRDIY) **Consistent Revenue Growth** MR DIY, a leading retailer in Malaysia, has demonstrated consistent revenue growth over the past few years. Despite missing some earnings expectations, the company's strong market presence and continuou...
**Intrinsic Analysis:** Petra Energy Berhad is a Malaysian investment holding company providing a range of services and products to the upstream oil and gas industry. The company operates through segments including Services, Marine Assets, and Development and Production. - **Financial Performance**: In 2023, Petra Energy reported significant growth in both revenue and net income. Revenue increased to MYR 554 million from MYR 371 million in 2022, and net income rose ...
Petra Energy Berhad is a well-known name in Malaysia's oil and gas sector. Founded in 2005, this company has made significant strides in providing integrated services within the industry. Whether you're an experienced investor or just starting to explore the stock market, understanding Petra Energy’s performance can give valuable insights into its potential as an investment. Technical Analysis: Reading the Stock's Mov...
$PENERGY (5133.MY)$ Petra Energy Bhd’s uptrend is expected to continue given the bullish technical indicators backed by positive news flow. The counter surged to a high of RM1.67 on June 13 but succumbed to investors’ profit taking activities the next day to close at RM1.56. It was trading at a low of 67 sen a year ago. In the past year alone, Petra Energy has jumped 92.6%. Despite the recent highs, the counter appears to h...
Good morning mooers! Here are things you need to know about today's market: ●US Markets Surge After FOMC Leaves Rates Unchanged ●Bursa Malaysia Sees Net Inflow of Foreign Funds Amid Regional Outflow ●Stocks to watch: MAHB, Johor Plantations, BHIC -moomoo News MY Wall Street Summary US markets surged on Wednesday after the Federal Open Market Committee (FOMC) left rates unchanged, pointing to about one cut this year. The$S&P 500 Index (.SPX.US)$climbed p...
The energy index on the Malaysia Stock Exchange has surged by 20% year-to-date. Meanwhile, the country's benchmark index, the FBM KLCI, has risen by about 10% this year. Among the top 20 listed oil and gas companies observed,$PENERGY (5133.MY)$has soared over 78% year-to-date, followed by$DAYANG (5141.MY)$at 69% and$PERDANA (7108.MY)$at 65%. Potential Upsurge in Oil Prices Exploration and production entities stand to gai...
$PENERGY (5133.MY)$ 1. Uptrend above 20MA 2. Cluster of Closes 3. Pullback with low volume Support = RM1.28 Resistance = RM1.54 Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions.
Petra Energy is a Bursa oil & gas company providing a range of integrated brownfield services and products for the upstream oil and gas industry in Malaysia. As such you should expect its performance to be link to crude oil prices. From 2013 to 2022 there is a 72 % correlation between Petra Energy revenue for the year with the crude oil price of the preceding year. This meant that crude oil prices explained about half of the changes in ...
Good morning mooers! Here are things you need to know about today's market: ●All three major US stock indexes gained over 2% last week ●Cloud computing a significant opportunity to help local organisations scale ●Stocks to watch: FGV -moomoo News MY Wall Street Summary The Dow Jones Industrial Average made it through a slow trading day last Friday for a third straight record close as the major U.S. equity inde...
PENERGY Stock Forum
MR DIY Group (M) Berhad (MRDIY)
**Consistent Revenue Growth**
MR DIY, a leading retailer in Malaysia, has demonstrated consistent revenue growth over the past few years. Despite missing some earnings expectations, the company's strong market presence and continuou...
Petra Energy Berhad is a Malaysian investment holding company providing a range of services and products to the upstream oil and gas industry. The company operates through segments including Services, Marine Assets, and Development and Production.
- **Financial Performance**: In 2023, Petra Energy reported significant growth in both revenue and net income. Revenue increased to MYR 554 million from MYR 371 million in 2022, and net income rose ...
Founded in 2005, this company has made significant strides in providing integrated services within the industry.
Whether you're an experienced investor or just starting to explore the stock market, understanding Petra Energy’s performance can give valuable insights into its potential as an investment.
Technical Analysis: Reading the Stock's Mov...
Petra Energy Bhd’s uptrend is expected to continue given the bullish technical indicators backed by positive news flow.
The counter surged to a high of RM1.67 on June 13 but succumbed to investors’ profit taking activities the next day to close at RM1.56.
It was trading at a low of 67 sen a year ago. In the past year alone, Petra Energy has jumped 92.6%.
Despite the recent highs, the counter appears to h...
●US Markets Surge After FOMC Leaves Rates Unchanged
●Bursa Malaysia Sees Net Inflow of Foreign Funds Amid Regional Outflow
●Stocks to watch: MAHB, Johor Plantations, BHIC
-moomoo News MY
Wall Street Summary
US markets surged on Wednesday after the Federal Open Market Committee (FOMC) left rates unchanged, pointing to about one cut this year. The $S&P 500 Index (.SPX.US)$ climbed p...
Among the top 20 listed oil and gas companies observed, $PENERGY (5133.MY)$ has soared over 78% year-to-date, followed by $DAYANG (5141.MY)$ at 69% and $PERDANA (7108.MY)$ at 65%.
Potential Upsurge in Oil Prices
Exploration and production entities stand to gai...
1. Uptrend above 20MA
2. Cluster of Closes
3. Pullback with low volume
Support = RM1.28
Resistance = RM1.54
Disclaimer: This post is for informational purposes only. Always consult a financial advisor before making any investment decisions.
From 2013 to 2022 there is a 72 % correlation between Petra Energy revenue for the year with the crude oil price of the preceding year. This meant that crude oil prices explained about half of the changes in ...
●All three major US stock indexes gained over 2% last week
●Cloud computing a significant opportunity to help local organisations scale
●Stocks to watch: FGV
-moomoo News MY
Wall Street Summary
The Dow Jones Industrial Average made it through a slow trading day last Friday for a third straight record close as the major U.S. equity inde...
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