Ranhill

How's much faith do we have on Ranhill's oil discovery at Citarum block to be huge enough(~200 barrels)? Will the ~RM25bil oil pipe project take off?...will banks even consider loaning money to the project?

How badly do you think we need this project? How economically viable do you think this project is and what are the chance it stand in posing as a treat to Singapore's status as a premier oil storage hub?...i think unless we see more promising events coming up on this projects, or perhaps Petronas backing it financially, we should really trade Ranhill cautiously...

With it's total receivables standing at about $1.2bil...ranhill couldn't afford to continue to let this number rise further and hurt it's balance sheet.

In short, don't get carried away... people are buying base on future earnings and not real profit yet. If you're into real long term, who cares.... but traders... be alert.