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It's gonna be another losing quarter, most of the OSV owners are now facing dilemma of ageing asset, and reaching the limitation, leading them for major repairs. The oil company continues to face uncertainties regarding its strategic direction esp in Borneo, which indirectly affecting the shipowner even to the local players.
according to the news, they lost a major asset last year, and if they don't get it back, next quarter's gonna be rough. Plus, a lot of OSV owners are dealing with old fleets, which is costing them a ton. It's not about who owns it, if there's no clear direction, it'll raise doubts, moreover with the recent pump and dump by one of their Board, the small fish will trap on top. There is no technical pattern to be applied here on the candlestick. It's more on Sentiment & Manipulative.
Dont tell me carimin so dumb to invest big time into sealink. They must have did due diligence before purchasing. Sure there’s something in sealink for them to invest big time
oh, you jump the gun too quick. Just to clarify, I’m not forecasting long-term decline. My comments are quarter-specific and grounded in Bursa announcements, the board action, and current OSV owners operating realities.
My point is straightforward: without recovery from the recent major asset loss, that asset is well-known as one of their major income. next Q results could be impacted. that’s a near-term risk, not a long-term judgment. cheers.
