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Business 08 Jan 2005 | 12:00 AM

Perisai expects sharp rise in profits

PERISAI Petroleum Teknologi Bhd expects sharp improvement in profits this year due to contribution from its newly acquired 55% stake in underwater pipeline maintenance specialist Allied Marine and Equipment Sdn Bhd (AME).

Business 18 Dec 2004 | 12:00 AM

Good times in store for oil and gas industry

Prospects for the oil and gas sector are bright. Petra Perdana Bhd executive chairman and CEO Tengku Datuk Ibrahim Petra sees bright prospects against significant oil finds. For Petra, the growth sectors would be brown field redevelopment, marine and exploration and production services. SapuraCrest Petroleum Bhd will continue to be busy in 2005. Executive vice-chairman Datuk Shahril Shamsuddin sees the global demand for energy rising rapidly and expects the company's clients' activity levels to follow in tandem. For Tengku Daud Shaifuddin, executive director of Perisai Petroleum Teknologi Bhd, industry prospects were boosted by the recent rises in crude oil prices. Additional investment in the sector augur well for Perisai which has been charting tremendous growth over the past five years.

Business 08 Nov 2004 | 12:00 AM

Acquisition set to provide strategic synergy to group

Avenue Securities Sdn Bhd is positive about the prospects of Perisai Petroleum Teknologi Bhd, especially after its two recent announcements to grow its business model by leaps and bounds.

Business 08 Nov 2004 | 12:00 AM

Perisai forms ties to consolidate

Corrosion-control products supplier Perisai Petroleum Teknologi Bhd has been very busy since being listed on the Mesdaq market in early July.

Business 08 Nov 2004 | 12:00 AM

Big winners and losers among IPOs

Although the Mesdaq Index has fallen 23% year-to-date, some Mesdaq counters listed this year have indeed outperformed other initial public offerings (IPOs) on Bursa Malaysia.

Business 19 Oct 2004 | 12:00 AM

Perisai buys 55% in AME

CORROSION control products supplier Perisai Petroleum Teknologi Bhd is acquiring 55% of Allied Marine and Equipment Sdn Bhd (AME) to take advantage of the current and long-term demand for diving and inspection support in the oil and gas industry in the country and region.

Business 16 Oct 2004 | 12:00 AM

A poor week for Asian stock markets

The trading week just ended was a bad one for Asian stock markets as concerns over high oil prices and China's economic growth prospects continued to mount.

Business 16 Oct 2004 | 12:00 AM

Perisai, Morstrong team up to make coating products

Perisai Petroleum Teknologi Bhd has entered into an agreement with Morstrong Industries Sdn Bhd to form a joint-venture company (newco) to undertake research and development, manufacture and marketing of specialised protective underwater and surface coating for corrosion control purposes in the oil and gas industry.

Business 04 Oct 2004 | 12:00 AM

Stockwatch

Izwan Idris writes on Glomac, Subur Tiasa, Khee San, Perisai and Mems Tech.

Business 04 Oct 2004 | 12:00 AM

News in brief

News briefs on: ACP Industries, Iris Corp, Malaysian Plantations, Perisai Petroleum and Lion Corp.