Latest news with #ReservoirLinkEnergyBhd
The Star
30-06-2025
- Business
- The Star
Reservoir Link unit secures work order from PETRONAS Carigali
KUALA LUMPUR: Reservoir Link Energy Bhd 's wholly-owned subsidiary Reservoir Link Sdn Bhd has received a work order for the provision of annulus wash and cement assurance for PETRONAS Carigali Sdn Bhd. In a stock exchange filing, Reservoir Link said the work order commenced on May 26, 2025, for a period of four years until May 25, 2029. In a separate statement, Reservoir Link said the contract is expected to generate up to RM25mill annually, which collectively amounts to an estimated RM100million over four years. "Gazing forward, we believe this sustained success will place us in an optimum position to secure more contracts, leveraging our established expertise and the reliability that we have become synonymous for. "This latest achievement serves as a solid foundation for continued growth and expanded partnerships, and we are immensely excited to see what opportunities this momentum will bring, going forward,' said executive deputy chairman Thien Chiet Chai. Reservoir Link's shares were last traded before the lunch break at 21 sen a share, up 0.5 sen from the previous session's closing price, after 9.36 million shares changed hands.
New Straits Times
30-06-2025
- Business
- New Straits Times
Reservoir Link bags RM100mil Petronas Carigali job over four years
KUALA LUMPUR: Reservoir Link Energy Bhd's subsidiary Reservoir Link Sdn Bhd has received a work order award from Petronas Carigali Sdn Bhd for the provision of annulus wash and cement assurance. In line with the company's historical performance, the contract is expected to generate up to RM25 million annually. The contract will be valid for four years until 2029, which collectively amounts to an estimated RM100 million in contract value. Under the scope of the contract, Reservoir Link will be providing a mechanism to create circulation tunnel or window. It will also provide annulus wash mechanism to remove defective cement in the single or dual annulus through the created tunnel or window. The company will provide cement placement mechanism across the single or dual annulus through the created tunnel or window. Reservoir Link executive deputy chairman Thien Chiet Chai said the second contract win from Petronas Carigali for 2025 solidifies its strong market presence within the oil and gas industry. "We believe this sustained success will place us in an optimum position to secure more contracts, leveraging our established expertise and the reliability that we have become synonymous for. "This latest achievement serves as a solid foundation for continued growth and expanded partnerships, and we are immensely excited to see what opportunities this momentum will bring, going forward," he added.
New Straits Times
24-06-2025
- Business
- New Straits Times
Reservoir Link tumbles 26pct as oil rally fizzles on ceasefire news
KUALA LUMPUR: Reservoir Link Energy Bhd plunged nearly 26 per cent in early trade, wiping out all of yesterday's sharp gains, as oil prices retreated following news of a ceasefire between Israel and Iran. The stock opened flat at 43 sen before tumbling to as low as 32 sen, down 25.58 per cent or 11 sen, slipping below its start-of-year price of 33.5 sen. By 11.05am, it pared some losses to trade at 34.5 sen, still down 19.77 per cent, with 24.43 million shares changing hands. It was the second most actively traded stock. Yesterday, Reservoir Link surged 16.2 per cent, or six sen, to close at 43 sen, riding on a rally in global oil prices that pushed crude to its highest levels in more than a month. It was the company's busiest trading day since Dec 4, 2024, with volume soaring to 57.81 million shares. However, sentiment shifted overnight after United States President Donald Trump announced a "complete and total" ceasefire between Israel and Iran, easing fears of regional supply disruptions. Brent crude dropped 3.8 per cent to US$68.79 per barrel, while West Texas Intermediate slid 3.9 per cent to US$65.46, both hitting their lowest levels in more than a week. Other oil and gas counters also retreated. Hibiscus Petroleum Bhd, the biggest beneficiary of Monday's rally, fell 8.74 per cent or 16 sen to RM1.67. Bumi Armada Bhd slipped 4.17 per cent to 46 sen, while Velesto Energy Bhd was unchanged at 18.5 sen after an earlier dip of 5.41 per cent. All four counters dominated the exchange's most active list. The sell-off dragged the Bursa Malaysia Energy Index down 2.28 per cent, or nearly 17 points, to 728.96, the steepest decline among all sectoral indices. Across the broader market, the benchmark FTSE Bursa Malaysia KLCI edged down 0.09 per cent, or 1.30 points, to 1,515.31 by mid-morning.
New Straits Times
23-06-2025
- Business
- New Straits Times
Bursa's Energy Index breaks from pack on oil price rally
KUALA LUMPUR: Bursa Malaysia's Energy Index rose to the top of sectoral gainers, driven by a global rally in oil prices amid heightened geopolitical tensions in the Middle East. It was the only index to post a gain of over one per cent, bucking the broader downtrend across sectors that persisted into the afternoon session. As at 3pm, the 31-stock Energy Index had climbed 1.32 per cent, or 9.73 points, to 745.44. Year-to-date, the index is still down 10.23 per cent. Reservoir Link Energy Bhd, Hibiscus Petroleum Bhd and Dialog Group Bhd were among the most actively traded counters fuelling the sector's gains. At press time, Reservoir Link rose 1.35 per cent to 37.5 sen. The counter was the third most active with nearly 40 million shares changing hands, its highest single-day volume in at least six months. Hibiscus Petroleum led the gainers in the oil and gas space, surging 7.02 per cent or 12 sen to RM1.83 on 17.21 million shares traded. Bumi Armada Bhd edged up half a sen to 47.5 sen, while Dialog Group Bhd added four sen, or 2.60 per cent, to RM1.58 with 6.32 million shares traded. The rally in energy stocks followed a spike in global crude oil prices after United States military strikes on Iran intensified concerns of supply disruptions in the Middle East. Brent crude futures for August rose 2.4 per cent to US$79 a barrel, while West Texas Intermediate (WTI) climbed 2.5 per cent to US$73.84. Both benchmarks had earlier jumped as much as four per cent to hit four-month highs, with Brent briefly touching US$81 a barrel. At the time of writing, Brent and WTI were trading at US$77.51 and US$74.31 respectively, both up about 0.65 per cent on the day and marking their highest levels in a month. In Tehran, Iranian Supreme Leader Ayatollah Ali Khamenei vowed retaliation against "the Zionist enemy" in his first public statement since the US joined Israel's attacks on Iran. Market participants anticipate further price gains as fears grow that Iran may retaliate by closing the Strait of Hormuz, a vital chokepoint for about one-fifth of the world's crude oil supply. Back home, the FTSE Bursa Malaysia KLCI rose 0.51 per cent, or 7.62 points, to 1,510.36, rebounding from last Friday's close of 1,493.19. Apart from energy, financial services was the only other sectoral index in the green, up 0.43 per cent. The day's biggest sectoral decliners were the Transportation & Logistics, Technology, and Healthcare sectors, which fell 1.28 per cent, 1.23 per cent and one per cent respectively.
Yahoo
29-05-2025
- Business
- Yahoo
Reservoir Link Energy Bhd Third Quarter 2025 Earnings: RM0.008 loss per share (vs RM0.006 loss in 3Q 2024)
Revenue: RM22.2m (down 27% from 3Q 2024). Net loss: RM2.58m (loss widened by 37% from 3Q 2024). RM0.008 loss per share (further deteriorated from RM0.006 loss in 3Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.2% decline forecast for the Energy Services industry in Malaysia. Performance of the Malaysian Energy Services industry. The company's share price is broadly unchanged from a week ago. What about risks? Every company has them, and we've spotted 2 warning signs for Reservoir Link Energy Bhd (of which 1 doesn't sit too well with us!) you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
