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Business 20 Dec 2008 | 12:00 AM

Planning to buy penny stocks?

MANY counters have been heavily battered following the recent stock market meltdown, and they continue to trade at historically low valuations. What's even more attractive is that many counters, including some fundamentally good ones, have now become penny stocks and the list keeps growing as the bear continues its rampage on the market.

Business 15 Nov 2008 | 12:00 AM

Alam Maritim expanding fleet

Alam Maritim Resources Bhd sees the current shortage of offshore vessels in the oil and gas industry as a big opportunity to grow its business.

Business 10 Nov 2008 | 12:00 AM

O&G players have enough contracts to remain profitable

Malaysian oil and gas-related companies are banking on orders in hand to weather the tough economic outlook.

Business 10 Nov 2008 | 12:00 AM

Concern over high capital expenditure

News of international oil companies cutting spending has raised concerns for Malaysian oil and gas support service providers.

Business 31 Oct 2008 | 12:00 AM

Oil &Gas still attractive despite slowdown

The oil and gas industry is still a lucrative sector to invest in despite the current slowdown in the global economy, says CIMB Private Equity and Venture Capital director Darawati Hussain.

Business 30 Oct 2008 | 12:00 AM

CIMB Private Equity, Alam Maritim in RM252m JV

CIMB Private Equity and Venture Capital has teamed up with Alam Maritim Resources Bhd to set up a joint venture company valued at RM252mil to acquire and operate offshore support vessels for the oil and gas industry.

Business 29 Sep 2008 | 12:00 AM

The financil crisis continues

As the US government officials rush to seal a deal for a bailout of its financial system, warning of a credit crisis, Cash-rich individuals and institutions make their acquisition moves, or would soon do so.

Business 16 Sep 2008 | 12:00 AM

Forum Vest sells 3.5m Alam Maritim shares

Forum West Sdn Bhd disposed of 3.5 million shares of ship operator Alam Maritim Resources Bhd in the open market in early September.

Business 10 Sep 2008 | 12:00 AM

Oil & gas shares head south on lower crude oil prices

Oil and gas (OG) stocks largely fell yesterday, following the path of crude oil prices which declined towards levels of early this year. Oil prices traded US$1.29 a barrel lower at around US$105.05 at the New York Mercan-tile Exchange (Nymex) yesterday.

Business 10 Sep 2008 | 12:00 AM

Alam Maritim unit inks charter deal

Alam Maritim Resources Bhd's 60%-owned subsidiary Alam Synergy III (L) Inc has signed a time charter party agreement with another 60%-owned subsidiary Workboat International FZCO for the charter of one diving support and maintenance vessel to be sub-chartered to the ultimate client, Saudi Aramco, for about RM46.23mil for one year. - Bernama