Alam Maritim Resources Berhad is an investment holding company. It operates in two segments: Offshore supply vessels and services, and Underwater services.
Its Offshore supply vessels and services segment is engaged in the provision of vessels for charter hire, assisting seismic operators in seismic survey related activities, transportation of crew and supplies, towing and mooring of rigs offshore, anchor-handling services and other support, repair and maintenance services for the oil and gas industry.
Its Underwater services segment is engaged in the provision of offshore facilities construction and installation services, such as marine construction related services, sub-sea engineering services and offshore pipeline construction related services and designing, manufacturing and operating of remotely operated vehicles (ROVs).
On December 4, 2012, Alam Maritim (M) Sdn Bhd (AMSB), a wholly owned subsidiary of the Company acquired a subsidiary called Alam Maritim Properties (M) Sdn Bhd.
Its Offshore supply vessels and services segment is engaged in the provision of vessels for charter hire, assisting seismic operators in seismic survey related activities, transportation of crew and supplies, towing and mooring of rigs offshore, anchor-handling services and other support, repair and maintenance services for the oil and gas industry.
Its Underwater services segment is engaged in the provision of offshore facilities construction and installation services, such as marine construction related services, sub-sea engineering services and offshore pipeline construction related services and designing, manufacturing and operating of remotely operated vehicles (ROVs).
On December 4, 2012, Alam Maritim (M) Sdn Bhd (AMSB), a wholly owned subsidiary of the Company acquired a subsidiary called Alam Maritim Properties (M) Sdn Bhd.
Trading Plan:
1) Trendline - Above 20MA, breakout at RM 0.70
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 63.9%. RSI hooked up.
5) Support/Resistance: Supported at RM 0.70. Today close RM 0.725
6) Beta: 1.66
7) Candlestick: Gap up
8) Pattern: Bullish after breakout at RM 0.70
1) Trendline - Above 20MA, breakout at RM 0.70
2) Volume: High
3) MACD: Green (Positive>Bullish)
4) Smoothed RSI : At 63.9%. RSI hooked up.
5) Support/Resistance: Supported at RM 0.70. Today close RM 0.725
6) Beta: 1.66
7) Candlestick: Gap up
8) Pattern: Bullish after breakout at RM 0.70
Entry: RM 0.725
Profit: RM 0.765
Cut loss: RM 0.705
RRR (Risk to Reward Ratio)> 1 : 2
Related Latest News:
Alam Maritim Resources Bhd is sailing into better times in relation to its offshore support vessels (OSVs) and offshore installation and construction (OIC) segments this year, courtesy of some RM2bil contracts it has bid.
http://biz.thestar.com.my/news/story.asp?file=/2013/1/2/business/12521591&sec=business
Average Target Price: RM 0.94
Tok
Bought Alam at RM 0.72 today! Waiting to sell at RM 0.75
ReplyDeleteSold at RM 0.745 but climbed highest at RM 0.775. Wow!
ReplyDeleteNeed to follow own trading plan!
Bought ALAM at 0.790 sold at 0.815 but gap up 0.855 due to Alam secure project from Petronas Carigali for provision of 6 marine vessels for RM576 million. Up trend!
ReplyDelete