| Latest Forum Topics / Oiltek Last:1.75 -- |
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Latest ipo, whats your view on this?
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ozone2002
Supreme |
31-Mar-2026 11:59
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Last:1.33  +0.03can only get better, nice run, gd to take profits cos everything now is uncertain
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muifan
Supreme |
31-Mar-2026 11:52
Yells: "Take the leap of faith dont regret 20 years later!" |
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This Bb 👍 👍 👍 took my profits today |
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stlimst
Master |
30-Mar-2026 10:28
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When BBs want to Oiltek to go up, it will go up. Nothing gives. It is as simple as that. SGX, man!
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TraderBen
Supreme |
30-Mar-2026 09:58
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aiyo .. better dont buy koh bros now.. if oiltek drops.. they will drop even faster.. now oiltek chiong they barely move
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muifan
Supreme |
30-Mar-2026 09:42
Yells: "Take the leap of faith dont regret 20 years later!" |
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thank you oiltek , mimicking cnmc run
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ahberngh
Elite |
30-Mar-2026 09:35
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Oiltek going crazy, now 1.25. What gives? |
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Nippon72
Veteran |
29-Mar-2026 10:45
Yells: "Dude, is ALWAYS Time in the market than Timing the market! " |
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I feel the recent hike lies in its Sustainable Aviation Fuel (SAF) potential. So the world is not held ransom by traditional oil source countries. And palm oil rich countries are just right beside us in ASEAN region. If Oiltek has risen too much for our comfort, can buy some Koh Eco instead. Vested in both co. |
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RODSTEWARD
Member |
28-Mar-2026 16:11
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looks like another Sabana in the making............ | ||||
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Joelton
Supreme |
28-Mar-2026 11:02
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Oiltek breaks out indicating new target as STI' s consolidation continues Oiltek International, a small-cap that listed on Catalist at 23 cents in March 2022, surged to an all time high of $1.18 on March 27. On March 25, Koh Brothers Group, which owns around 68% of Oiltek, announced it had received a requisition from shareholders to &ldquo procure Koh Brothers Eco Engineering (KBE), a 54.8%- owned subsidiary, to distribute in specie all of its 97,445,805 ordinary shares in Oiltek International to the shareholders of KBE, and for the Company, upon receipt of such shares, to similarly distribute the Oiltek shares to its own shareholders on a pro-rata basis.&rdquo Koh Brothers said its Board is seeking legal advice on the validity of the Requisition Notice, and will update shareholders of the Company as and when there are material developments on this matter. Why the surge in price? PhillipCapital said, in a March 13 update, that Oiltek could be benefiting from a multi-year build-out cycle for sustainable aviation fuel (SAF) around the region. SAF plants in Indonesia and Malaysia have access to abundant feedstock, namely palm oil mill effluent. Higher jet fuel prices and energy security as a result of the Iran war are added impetus to accelerate the demand for SAF. Other opportunities ahead for Oiltek include palm oil refining plants in South America and biodiesel and bioethanol plants in Indonesia, PhillipCapital says, while the next evolution for Oiltek is to generate recurring income from an ownership stake in processing plants. In FY2025, Oiltek reported a net profit of RM32 million, up 7.9% y-o-y. However revenue slid 8% y-o-y to RM211 million following the completion of several projects secured in Indonesia and Africa in FY2024. Gross profit margin rose 8.6% percentage points from 24% in FY2024 to 33% in FY2025, underpinned by cost savings from certain projects. The gross margin improvement was also partly due to increased revenue in its renewable energy segment from RM18 million in FY2024 to RMB62 million in FY2025. There was a forex loss of RM8 million, of which approximately 50% was realised and 50% unrealised. Oiltek&rsquo s cash position is mainly held in US$. The company bills in US$ for contracts outside of Malaysia and in RM for Malaysia contracts. New orders secured in FY2025 were softer at RM152 million versus RM407 millioin secured in 2024. &ldquo We believe the change in palm oil policies in Indonesia and the pivot towards recurrent income projects were key drivers of the lower order book. Our expectations are for a significant rebound in orders this year, led by both refining and renewables projects,&rdquo PhillipCapital says. Market prices often move ahead of fundamentals, and they appear to have done so in the case of Oiltek. The break above $1.13, the closing high reached in August 2025, indicates an eventual upside of $1.65. Annual momentum has just turned up, and weekly directional movement indicators have only just turned positive, pointing to resilience. The only blip in an otherwise positive slate of technical indicators is the 21-day RSI, which is on the high side at 79. On the whole, the weight of the evidence points to an upward trajectory punctuated by temporary corrections. Support is at the breakout level of $1.13. Elsewhere, the Straits Times Index, which ended at 4,898 on March 27, remains below its still rising 50-day moving average at 4,913. However the index has stayed above the rising 100-day moving average at 4,754. This moving average line should be viewed as a support line. Both 21-day RSI and directional movement indicators are neutral. Quarterly momentum is moving sideways. The consolidation currently underway is likely to continue. However, it appears increasingly likely that the STI should remain resilient compared to key developed markets during the consolidation phase. Assuming the consolidation phase started at end-Feb, it may well have another month to run. |
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RODSTEWARD
Member |
27-Mar-2026 17:44
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Good Management - deserved high big salary Performaces vs Salary - Perfect | ||||
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ozone2002
Supreme |
27-Mar-2026 17:24
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Last:1.18 +0.18 up 18% in one day 👏
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stlimst
Master |
27-Mar-2026 16:45
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Target reached. Thanks Oiltek supporters!
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stlimst
Master |
27-Mar-2026 16:20
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So conitrue to support Oiltek please My target approaching. Thanks
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TraderBen
Supreme |
27-Mar-2026 10:14
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they above 50% hard to get anything from them alrdy.. they keep issuing bonus shares to themselves lor.. they want the whole pie.. dont wanna reward shareholders..tmd
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ahberngh
Elite |
27-Mar-2026 10:04
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Yes, based on Koh Eco' s and Koh Bros holdings in Oiltek, Koh Eco should be at least 10c now and Koh Bros about 40c. Shareholders pressing Koh Bros to distribute their Oiltek' s holding is the right move, I fully support that but it would be diificult to get any result because management for sure will oppose and they are the majority holders. But we should continue to pressure them. Just my opinion. |
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TraderBen
Supreme |
27-Mar-2026 10:00
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this is the 2nd samudera shipping.. that time covid that was one of the best buy.. and now oiltek is following up.. | ||||
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RODSTEWARD
Member |
27-Mar-2026 09:56
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Oiltech is run by professional n can see performance is so much better than parent company no wonder so much different | ||||
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ahberngh
Elite |
27-Mar-2026 09:23
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The charge continues, 1.11 now. Yes, maybe a halt is coming. |
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trader1970
Elite |
27-Mar-2026 09:22
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It is sailing towards 1.16 and through " Hormuz" ... " SAF" is the transformation and trump card for this darling...
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stlimst
Master |
26-Mar-2026 12:40
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Oiltek has been going up these couple of days on good volumes. Must be some news coming. Trading halt coming soon?
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