O&G big cap seems like no more meat, monitor small cap like HANDAL, CARIMIN, T7GLOBAL better la

Potential O&G Service Recovery Play

Many offshore platforms in Malaysia are aging. They require maintenance and crane replacement. This is a great opportunities for service contractors like Handal Energy Berhad, which specialise in offshore crane services and engineering support.

Small Malaysian oil and gas service companies typically trade at around 8x – 12x price-to-earnings (PE).

Assuming Handal returns to profitability with:

Revenue: RM80 million (back to its glory days)
Net margin: 8%

Estimated net profit would be around RM6.4 million.

With 10x PE valuation the share price should be RM0.142 per share (assuming super bull case)

When 30c++ that time, many ppl dont believe in Ramssol. Retraced from 70c+ to 50c+ alot ppl said this is con stock, today back to 70c again, releasing 3 quarter results with strong numbers. This round I must wait until RM1 already, warrant 70c should be possible