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A lot of investors thought this counter offers no value. Cash per share is $1.20 n NA is $1.40. Now waiting to lift up only. Should expect more book order coming after yesterday announcement
With the 6.5 billion of book order and some more yet to be released, bankers are not so stupidly involved in this company for long term reasons and foresee the future is very bright. It is no doubt to be out of PN17. I believe the trading volume should be continued to be very active to enjoy the coming expectations.
Previous company management had been stealing from the bank by billions and Government decided to partially bailout to retain thousands of technicians to continue in oil field jobs. So far This company has 6 over billion of book orders.
Under current management they are trying very hard to remove PN17 status only Government will bailout them.
So please don’t accuse them of stealing government or rakyat money. It is your decision to make “willing buyer and willing seller” to trading shares in this counter