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uptrend on this counter? vested n waiting for its quarter report out.
Hi lg1167,
This counter has inconsistent volumes and its a penny stock. TA will not be accurate for this. From what I read, it MAY (emphasis on that) be going down.
This counter has inconsistent volumes and its a penny stock. TA will not be accurate for this. From what I read, it MAY (emphasis on that) be going down.
Singaporegal> i need yr expert advice fpr this counter..thinking to vest at 0.535...should go in or wait, yr valued comments, please. thank you.
Aqua-Terra said on Monday it has won $68 million in contracts from Chinese oil major CNOOC and is in talks to win more deals this year.
Aqua-Terra, one of the three Singapore-listed oil services firms headed by Indonesian tycoon Kris Wiluan, said it would supply equipment and manage projects for the CNOOC Oil Base Group.
"This is a small start," said Wiluan in a teleconference with reporters. "The oil industry at the moment is very active in Singapore, Indonesia, China and India also is coming up with losts of projects and Middle East as well."
"We are in a good position now to win much bigger contracts from all these places," he said adding that he was in talks with customers in the Middle East including Qatar Petroleum.
Wiluan, who owns Jakarta-listed drilling pipe maker Citra Tubindo, in 2005 bought a stake in SSH Corporation. Last year, he bought a stake in KS Energy, giving him access to KS Energy's 54.8% subsidiary Aqua-Terra.
Aqua-Terra provides both hardware and customised engineering and has 17 authorised distributorships for over 160 types of consumables for the oil and gas industry.
Earlier this month, Aqua-Terra had announced that that it would be enlarging its footprint in China through the acquisition of a 75% stake in Raymonds Supply, a Hong Kong-based oil and gas equipment supplier.
The company, last year, had acquired a 25% stake in China-based Runva Holdings which makes winches, used for incline load pulling, vehicle recovery and several other military and commercial applications.
exceeded your target leow!
when this stupid counter will up to 0.48,, stupid Aqua-Terra
establishing support @0.44, once breaks 0.45 resistance, will cheong!!!......
Its price is down after it said that it will book a loss in the second half of the year from the termination of its investment deal with China-based Runva Holdings Pte Ltd. "The group will recognize a net loss of $665,524 in the second half due mainly to the reversal of the share of the associate's profit recognized by the group in 2005, net of compensation by Runva as stipulated in the investment agreement," Aqua-Terra said.
Kris Wiluan and associates had bought the block of 152.5m shares at $0.145 barely a year back in Sep 05.
With Kris Wiluan vertically integrating the businesses at these 3 coporations together with KS Energy, there'll be strengthened hopes that the companies would be more competently poised to secure contracts from the massive Cepu oil-block.
PT Citra Tubindo Tbk is also majority owned by Kris Wiluan.
It entered into a supply contract Pt Citra Tubindo Tbk PT rig refurbishment facility. It also proposed to acquire 152.5m shares or 28.43% of SSH at $0.27. The proposed acquisition will present opportunities for generating revenue synergies in the supply business through cross-selling to each other's customer base.
H1 profit fell 7.6%. The reduced income was due to the lack of profit contribution from an associate company. It warned that it may have to recognise a net loss of $0.67m in H2, due mainly to the reversal of its share of profit in the associate recognised in FY05.
will downtrend even more. i believe this is more than a "correction".
any idea y the recent correction after the KS Energy announcement?