【ALAM 5115 交流专区】环境海事资源

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Mar 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Mar 2016	31 Mar 2015	31 Mar 2016	31 Mar 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	48,650	73,709	48,650	73,709
2	Profit/(loss) before tax	-18,846	9,773	-18,846	9,773
3	Profit/(loss) for the period	-20,053	8,652	-20,053	8,652
4	Profit/(loss) attributable to ordinary equity holders of the parent	-19,193	8,591	-19,193	8,591
5	Basic earnings/(loss) per share (Subunit)	-2.10	0.90	-2.10	0.90
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9300		0.9500

icy97

世界海事 支援船市场挑战大
财经 股市 行家论股  2016-05-26 11:14
http://www.nanyang.com/node/763012?tid=462

目标价：29仙

最新进展：
受岸外支援船（OSV）市场低迷影响，世界海事（ALAM，5115，主板贸服股）截至3月31日首季按年转亏1919万3000令吉，或每股净亏2.1仙，上财年同期净利达859万1000令吉。

集团营业额也按年跌51.51%，至4865万令吉，去年同期为7370万9000令吉。

行家建议：
世界海事连续两个季度亏损，核心净亏降低至980万令吉。

我们估计该公司可在未来两季转盈，因成本管理更佳和船只使用率按季增长。

世界海事截至去年杪的合约订单为5亿800万令吉，岸外支援船市场在今明两年将持续面对挑战。

尽管获得多项深海服务工程，不过，赚幅受压和船只使用率偏低，以及主要为一些短期合约。

基于岸外支援船市场持续供应过剩，我们维持该股“低于大市”评级，目标价为29仙。



分析：肯纳格研究

【南洋网财经】

icy97

世界海事获国家石油
2830万分包合约

2016年6月2日
（吉隆坡1日讯）世界海事（ALAM，5115，主板贸服股）获国家石油颁发PFLNG-1项目的分包合约，总值2830万令吉。

根据文告，世界海事独资子公司Alam Maritim（马）私人有限公司，获国家石油独资子公司国油浮动液化天然气船公司（PFLNG-1）颁发，为国油PFLNG1项目供应海事扩散服务（Marine Spread Services）。

这项合约料在今年6月中开始执行，直到10月中。

贡献盈利

世界海事估计这项合约将为本财年捎来盈利贡献。【e南洋】

Type	Announcement
Subject	OTHERS
Description	FLNG OFFSHORE WORKS FOR SUPPLY OF MISCELLANEOUS MARINE SPREADS (PACKAGE NO. 4) FOR PETRONAS FLOATING LNG-1 PROJECT
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") wishes to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently received a Letter of Award from Petronas Floating LNG 1 (L) Ltd (“PFLNG-1”), a wholly-owned subsidiary of Petroliam Nasional Berhad for a Subcontract work of PFLNG-1 Subcontract No. 4120000026 (“the Subcontract”). 2.         DETAILS OF THE SUBCONTRACT Alam Maritim (M) Sdn Bhd has been awarded by PFLNG-1 a Subcontract works for the floating liquefied natural gas (FLNG) offshore works for supply of miscellaneous marine spreads (Package No. 4) for Petronas Floating LNG-1 project (PFLNG 1) with the award value of RM28.3 million. The Subcontract is expected to commence in mid June 2016 until mid October 2016. 3.         FINANCIAL EFFECTS The Subcontract is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2016 and beyond. Notwithstanding this, the Subcontract is not expected to have any material effects on the share capital and shareholding structure of ALAM. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks associated with the contracts are mainly operational risks such as accidents and unexpected breakdown of vessels and delays due to human, mechanical and logistic factors as well as weather condition. In mitigating such risks, the Company will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. Further, ALAM has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining performance and seaworthiness of all vessels in ALAM fleet. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the abovementioned Subcontract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the abovementioned Subcontract is in the best interest of the Company. The announcement is dated 1 June 2016.

icy97

世界海事
新合约料赚280万

2016年6月3日

分析：肯纳格研究
目标价：29仙

最新进展
世界海事（ALAM，5115，主板贸服股）获国家石油颁发PFLNG-1项目的分包合约，总值2830万令吉。

世界海事独资子公司Alam Maritim（马）私人有限公司，获国家石油独资子公司国油浮动液化天然气船公司（PFLNG-1）颁发，为国油PFLNG1项目，供应海事扩散服务（Marine Spread Services）。

这项合约料在今年6月中开始执行，直到10月中。

行家建议
这是世界海事在今年获得的第二项合约，我们正面看待，不过不会意外，因为属于预期之内。

我们认为，要从这项合约里取得最大的利益，成本管理至关重要，管理层冀望取得10%的税前盈利赚幅，比历史平均的15%略低。

若根据10%税前盈利赚幅计算，世界海事将可获得280万令吉盈利。

目前，我们维持盈利预测不变，因为我们早已估计2016财年全年的船只使用率料达65%，比首季的51%高。

我们重申“低于大市”评级，目标价为29仙。



【e南洋】

icy97

環境海事今年無望轉盈‧拓海外競標26億合約

2016-06-04 11:42      
（吉隆坡3日訊）市場淡靜及租船被壓價，環境海事資源（ALAM,5115,主板貿服組）今年轉盈無望，但預期整體表現將比2015財政年改善。
拓泰越緬印市場

另外，該集團也在競標26億令吉合約，放眼拓展至泰國、越南、緬甸及印尼市場。

該集團董事經理兼首席執行員拿督阿茲米在股東大會後坦言，市場競標活動極多，但未見大型油氣公司頒發長期合約，國油對長期合約持謹慎態度，導致大馬岸外支援船（OSV）市場淡靜。

“目前大部份租船合約為短期性質，希望進入第三季或下半年，市場情緒好轉將帶動長期合約頒發。”

鑑於市場船艦供應過剩，理想合約難得，他不排除與顧客再展開洽談後，租船率將被壓制，導致租船率進一步下滑。

“新租船率還有待與顧客再洽談後才知道結果，預計將有8至10組顧客將再租船合約。”

過往該集團租船率為每馬力（BHP））1.8至2.2美元，目前已跌至每馬力1.4至1.8美元。

展望下半年，他認為表現將優於上半年，但這不至於讓公司在今年轉虧為盈，頂多只能改善業績表現。

截至2016年3月31日止第一季，該公司由盈轉虧，淨虧1千919萬3千令吉，持有4億3千500萬令吉訂單，可忙碌1至2年，現金5千萬至1億令吉，足以應付6個月運作開銷（最糟狀況）。

目前其船艦團隊有44艘船，使用率51%。

競標合約方面，該公司正競標總值26億令吉海內外合約，同時也探討新市場良機，包括泰國、越南、緬甸及印尼租船市場。

“預計可在中東市場獲取一些合約，雖然我們在那裡的滲透率不高，租船率也不太理想，但至少有助於維持現金進賬。”

不過，他預計目前整體合約競標成功率將走低，對比過去的15%成功率。

受油價下跌非直接衝擊影響，該公司採取成本遵節措施應對市場放緩狀況，包括凍結資本開銷及徵聘新員工保留現金。

惟他強調並未裁員，但已凍結徵聘及不續約合約員工，預計為岸上及岸外業務節省10%及16%成本。

目前該集團岸上及岸外業務員工已從280及600人降至230及450人。

除此之外，該集團也計劃脫售一些船齡超過10年的船艦，但並沒有設定脫售目標數量。

“一旦買家出價合理，船艦閒置當中則有望脫售，雖然之前有買家看中，但喊價太低，還未有交易完成。”

目前一些船齡15年以上的船艦無法符合國油合約競標標準。（星洲日報／財經）

icy97

狮城伙伴清盘
不冲击世界海事

2016年8月2日
（吉隆坡1日讯）尽管世界海事（ALAM，5115，主板贸服股）新加坡伙伴Swiber控股因油价下挫而清盘，该公司并未受任何冲击。

《星报》报道，世界海事董事经理兼总执行长阿兹米阿末说，该公司甚至在考虑收购Swiber控股进行中的一项工程。

阿兹米接受访问时解释，世界海事与Swiber控股仅有一项工程合约，即SK316发展工程总值7600万美元（约3.06亿令吉）的工程设计、采购、施工、安装及调试（简称EPCIC）合约，但已接近完成。

考虑找新伙伴

另外，世界海事也可考虑新的伙伴代替Swiber控股。

他指出，目前该公司与Swiber控股有2个联营公司，即各持一半股权的Alam Swiber岸外（马）私人有限公司，和Alam Swiber DLB 1（L）Inc，世界海事持有51%股权，Swiber控股持其余49%。

阿兹米阿末说：“由于来自与Swiber控股联营的贡献对我们来说不大，所以冲击微乎及微。”

上周，油田服务商Swiber控股因面临数亿美元债务及订单下滑，申请清盘，成为新加坡当地因油价下挫而倒台的最大灾户。 【e南洋】

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2016	30 Jun 2015	30 Jun 2016	30 Jun 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	82,806	79,567	131,457	153,276
2	Profit/(loss) before tax	6,382	9,715	-12,463	19,489
3	Profit/(loss) for the period	6,220	10,118	-13,832	18,772
4	Profit/(loss) attributable to ordinary equity holders of the parent	7,057	10,116	-12,137	18,708
5	Basic earnings/(loss) per share (Subunit)	0.80	1.10	-1.30	2.00
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9400		0.9500

icy97

展望维持“负面”．MARC：环境海事5亿伊债降级

（吉隆坡26日讯）大马债券评估机构（MARC）下调环境海事资源（ALAM,5115,主板贸服组）总值5亿令吉的伊斯兰中期票据计划评级，从AIS降至BBB+，展望维持在“负面”。

无法填补订单

MARC发文告表示，调降环境海事资源中期票据评级，意在反映出其无力重建持续下跌的合约总量，进而导致财务情况趋疲。

“负面展望评级反映出岸外支援船舰营运环境持续艰难，一旦环境海事资源无法填补订单、或满足信评计划的偿债基金（SinkingFund），或完成船舰脱售计划来强化流动性，评级潜存进一步下调可能，但若集团来季营运表现改善，或取得充裕现金流来满足财务需求，展望也可能上修至稳定。”

截至今年6月杪，环境海事资源仅握有4亿7100万令吉合约，显著低于历史平均的10亿令吉以上，因此其现金流创造能力也大受影响，而低资金流动率也降低明年7月和2018年1月到期的7500万令吉合约的缓冲能力。

同时，环境海事资源高度仰赖岸外支援船舰合约，占集团现有合约的86%，但相关合约量已从前期的7亿4600万令吉显著减少48.5%至今年6月杪的3亿8400万令吉。

更重要的是，环境海事资源今年来只取得3项总值1亿零800万令吉的新合约，现有合约费率减少3至10%，新合约费率跌幅更达到20%，而首半年的设备平均使用率也下跌至57%水平。

MARC说，集团每日租金费用已从前期的每制动马力（bhp）介于1.80至2美元下调至1.40至1.80美元。

受到低营业额、海底业务赚益减少，以及420万令吉外汇亏损，环境海事资源今年上半年税前亏损达1250万令吉，营运现金流也降至1520万令吉赤字，一旦订单更新动能依旧低迷，集团是否有充足的内部资金创造力来满足中长期债务目标令人心存疑虑。

尽管如此，环境海事资源低杠杆率将为再融资提供空间。截至今年6月杪，该公司负债权益比（Debt to equity）企于0.22倍，就算将3亿令吉或有负债纳入考量，负债权益比也仅增至0.46倍。

8千万贷款与Swiber有关

但3亿令吉或有负债中，有一笔为数8000万令吉的贷款与陷入财困的Swiber控股有关，而环境海事资源担保的金额4080万令吉，因此可能引发市场忧虑，但MARC相信Swiber控股的清盘疑云的风险有限，主要是联营公司业务由环境海事资源主理，但联营公司需要额外2400万令吉合约履行债务承诺。

同时，MARC了解环境海事资源正寻求脱售部份船舰，而相关计划将有利强化流动性，但现有市况严峻执行恐需时。目前，环境海事资源拥有44艘船舰，平均船龄为9年。

文章来源：
星洲日报／财经‧2016.08.26

icy97

Type	Announcement
Subject	OTHERS
Description	INCORPORATION OF SUBSIDIARY
The Board of Directors of Alam Maritim Resources Berhad (“ALAM” or “the Company”) wishes to announce that Alam Hidro (M) Sdn Bhd, a wholly-owned subsidiary of Alam Maritim (M) Sdn Bhd, which in turn is a wholly-owned subsidiary of ALAM, has on 14 September 2016, incorporated a private company limited by shares known as Alam Hidro (L) Inc (“AHLI”). As a result of the incorporation, AHLI has become an indirect wholly-owned subsidiary of ALAM. AHLI is a company incorporated in the Federal Territory of Labuan, Malaysia with a paid-up share capital of USD100.00 comprising 100 ordinary shares of USD1.00 each. The intended principal activity of AHLI is to provide offshore facilities construction, installation, subsea engineering, underwater services and leasing of equipment for international markets. None of the Directors and/or major shareholders of ALAM and/or persons connected to them have any direct or indirect interest in the incorporation of AHLI. The announcement is dated 14 September 2016.

哭哭鸟

SUMMARY OF KEY FINANCIAL INFORMATION 30 Sep 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Sep 2016	30 Sep 2015	30 Sep 2016	30 Sep 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	70,289	99,999	201,745	253,275
2	Profit/(loss) before tax	-3,339	22,827	-15,803	42,314
3	Profit/(loss) for the period	-2,850	19,761	-16,683	38,531
4	Profit/(loss) attributable to ordinary equity holders of the parent	-2,121	19,097	-14,257	37,806
5	Basic earnings/(loss) per share (Subunit)	-0.20	2.40	-1.50	4.70
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.9300		0.9500

icy97

SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2016

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2016	31 Dec 2015	31 Dec 2016	31 Dec 2015
		$$'000	$$'000	$$'000	$$'000

1	Revenue	45,718	96,947	247,463	350,222
2	Profit/(loss) before tax	-117,681	-62,133	-133,485	-19,818
3	Profit/(loss) for the period	-118,064	7,280	-134,748	45,811
4	Profit/(loss) attributable to ordinary equity holders of the parent	-117,147	7,671	-131,404	45,594
5	Basic earnings/(loss) per share (Subunit)	-12.70	0.80	-14.20	4.90
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.8100		0.9500

icy97

世界海事获3500万合约

2017年3月9日
（吉隆坡8日讯）世界海事（ALAM，5115，主板贸服股）宣布，独资子公司Alam Maritim（马）私人有限公司获颁总值3500万令吉分包合约。

世界海事今日向马交所报备，将为浮式生产储卸油轮（FPSO）Perisai Kamelia，担任离岸工程分包商。

据合约内容，Alam Maritim将负责提供调遣工程和水处理服务，合约价值分别为3400万令吉和100万令吉。

上述合约预计可为世界海事贡献2017财年净利和净有形资产。同时，不会对公司股本和股权架构有任何影响。【e南洋】

Type	Announcement
Subject	OTHERS
Description	THE PROVISION OF OFFSHORE CONSTRUCTION SUBCONTRACTOR FOR FPSO PERISAI KAMELIA DEMOBILISATION
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, was recently awarded a contract for the Provision of Offshore Construction Subcontractor for FPSO Perisai Kamelia (“the Contract”) by a reputable contractor. 2.         VALUE AND DURATION OF THE CONTRACT             The Contract is for a demobilisation works at a lump sum price of approximately RM34 million with an additional scope for water treatment at provisional sum of approximately  RM1 million. 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2017. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks associated with the contracts are mainly operational risks contributed by human/technical inefficiency as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above mentioned Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the above mentioned Contract is in the best interest of the Company. The announcement is dated 8 March 2017.

icy97

世界海事
今年料获1.5亿合约

2017年3月10日

分析：肯纳格研究
目标价：23仙最新进展

世界海事（ALAM，5115，主板贸服股）宣布，独资子公司Alam Maritim（马）私人有限公司获颁总值3500万令吉分包合约，为浮式生产储卸油轮（FPSO）Perisai Kamelia，担任离岸工程分包商。

据合约内容，Alam Maritim将负责提供调遣（Demobilisation）工程和水处理服务，合约价值分别为3400万令吉和100万令吉。

上述合约预计可为世界海事贡献2017财年净利和净有形资产。

行家建议

我们预计这项合约，能为世界海事在2017财年提供当中10%税前赚幅的收益，约340万令吉，然而该赚幅低于过往的15%平均水平。

我们预测岸外支援船（OSV）市场在今年仍低迷，不认为世界海事的表现在今年短期内有转好迹象。

深海服务工程业务的赚幅仍面对压力、船只使用率偏低，且由于多数合约属于短期，因此出现月1至2个月的合约空挡间隙。

我们预测世界海事在今年获得1.5亿令吉的合约，船只使用率预计达55%。

我们维持23仙的目标价和“低于大市”投资评级，收益表现在短期内持续面对挑战。



【e南洋】

icy97

世界海事获9900万合约

2017年3月22日
（吉隆坡21日讯）世界海事（ALAM，5115，主板贸服股）再获总值约9900万令吉的合约。

世界海事向交易所报备，子公司Alam Maritim（大马）私人有限公司，是为客户提供海底检查、修理、维护（IMR）工作。

但文件没有公布客户名称，仅透露是一家独立油气勘探与生产公司。

合约为期两年，可再续约一年。 【e南洋】

Type	Announcement
Subject	OTHERS
Description	PROVISION OF SUBSEA INSPECTION, MAINTENANCE AND REPAIR (IMR) SERVICES
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd. was recently awarded a contract for the Provision of Subsea Inspection, Maintenance and Repair (IMR) Services (“the Contract”) by an independent oil and gas exploration and production company (“the Client”). 2.         VALUE AND DURATION OF THE CONTRACT The Contract is for the primary period of two (2) years with an extension option of one (1) year. The Contract is for a value of up to approximately RM99.0 million. 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2017 and beyond. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of the Company. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks associated with the contracts are mainly operational risks contributed by human/ technical inefficiency as well as uncertainties in supply and price of materials, economic, regulatory and political conditions. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the above mentioned Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of ALAM is of the opinion that the acceptance of the above mentioned Contract is in the best interest of the Company. The announcement is dated 21 March 2017.

icy97

世界海事
手握1.33亿合约

2017年3月23日

分析：肯纳格投行
目标价：31仙

最新进展

世界海事（ALAM，5115，主板贸服股）子公司Alam Maritim（大马）私人有限公司，获总值约9900万令吉合约。

为一家独立油气勘探与生产公司提供海底检查、修理、维护（IMR）工作，为期2年，可再续约1年。

行家建议

纳入这项新合约，世界海事至今已获得1.33亿令吉的合约，占我们2017财年1.5亿令吉新订单预测的89%。

这项新合约估计有10%赚幅，每年贡献约500万令吉，但这赚幅还是低过全盛时期的15%水平。

尽管棕油价格稳定，但预测岸外支援船（OSV）市场在今年仍备受挑战，租船率短期内没有好转迹象。

深海服务业务赚幅仍面对压力、海底铺管船和潜水支援船的使用率偏低，且多数合约属短期，因此出现1至2个月的合约空挡期。

维持今明财年净利预测不变，船只使用率估计是55%和60%。

市场情绪改善，下行风险不会拓大，上调目标价至31仙，并给予“跟随大市”投资评级。



【e南洋】

icy97

世界海事获2609万船约

2017年4月4日
（吉隆坡3日讯）世界海事（ALAM，5115，主板贸服股）获国家石油（Petronas）旗下国油海事服务私人有限公司颁发合约总值2609万令吉拖拉船合约。

世界海事今日向交易所报备，获得合约的是子公司世界海事（大马）私人有限公司，将为登嘉楼石油终站提供一艘40公吨的拖拉船。

根据该公司文告，合约为期4年又211天，也相等于是1672天；另有延长一年的选择权。

此外，该公司预计，新合约可贡献2017财年及之后的净利和净有形资产。【e南洋】

Type	Announcement
Subject	OTHERS
Description	PROVISION OF ONE (1) UNIT OF 40 TONNES BOLLARD PULL UTILITY BOAT FOR TERENGGANU CRUDE OIL TERMINAL (TCOT) OPERATION FOR PETRONAS MARITIME SERVICES SDN. BHD.
1.         INTRODUCTION The Board of Directors of Alam  Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, was recently awarded a contract for the Provision of One (1) Unit of 40 Tonnes Bollard Pull Utility Boat for Terengganu Crude Oil Terminal (“TCOT”) Operation (“the Contract”) by Petronas Maritime Services Sdn. Bhd. 2.         VALUE AND DURATION OF THE CONTRACT The Contract value is approximately RM26.09 million. The Contract is for a primary period of four (4) years and Two Hundred Eleven (211) days which is equivalent to One Thousand Six Hundred Seventy Two (1672) days (“Primary Period”) with an extension for option of one (1) year. 3.         FINANCIAL EFFECTS The Contract is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2017 and beyond. Notwithstanding this, the Contract is not expected to have any material effects on the share capital and shareholding structure of ALAM. 4.         RISKS ASSOCIATED WITH THE CONTRACT The risks associated with the contracts are mainly operational risks such as accidents and unexpected breakdown of vessels and delays due to human, mechanical and logistic factors as well as weather condition. In mitigating such risks, the Company will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. Further, ALAM has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining performance and seaworthiness of all vessels in ALAM fleet. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the abovementioned Contract. 6.         DIRECTORS' STATEMENT The Board of Directors of AMRB is of the opinion that the acceptance of the abovementioned Contract is in the best interest of the Company. The announcement is dated 3 April 2017.

icy97

世界海事
新合约年赚幅60万

2017年4月5日

分析：肯纳格投行
目标价：31仙

最新进展

世界海事（ALAM，5115，主板贸服股）子公司世界海事（大马）私人有限公司，获国家石油（Petronas）旗下国油海事服务私人有限公司颁发合约总值2609万令吉拖拉船合约。

行家建议

这是世界海事在今年获得的第三项合约，我们正面看待，因有助提高整体船只使用率。

纳入这项新合约，公司至今已获得1.59亿令吉的合约，超越我们2017财年1.5亿令吉新订单预测的6%。

根据我们的粗略计算，这项合约的每日租金率（DCR）料为15万6000令吉，低于过去的20万令吉。

同时，估计有10%的税前盈利赚幅，每年贡献约60万令吉，然而，该赚幅低于过往的15%平均水平。

尽管棕油价格稳定，但预测岸外支援船（OSV）市场在今年仍备受挑战，租船率短期内没有好转迹象。

深海服务业务赚幅仍面对压力、海底铺管船和潜水支援船的使用率偏低，且多数合约属短期，因此出现1至2个月的合约空挡期。

假设新增订单再增至2亿令吉，我们收窄今明财年的亏损预测，分别下调16%和32%。

重申“跟随大市”评级，维持31仙目标价。



【e南洋】

icy97

Type	Announcement
Subject	OTHERS
Description	ASSISTANCE TO MEDIATE BY THE CORPORATE DEBT RESTRUCTURING COMMITTEE (CDRC) OF BANK NEGARA MALAYSIA)
The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") wishes to announce that the Company had received a letter dated 24 May 2017 (“the Letter”) issued by the Corporate Debt Restructuring Committee (“CDRC”) of Bank Negara, approving the Company’s application for assistance to mediate between the Company and certain of its subsidiaries, joint-venture companies and associated companies (collectively, the “Affected Companies”) and its respective financiers/Sukuk-holders. This is part of the Company’s proactive effort in managing its asset financing structure to safeguard the Affected Companies, whose core businesses are still viable, from any potential financial distress which may elicit a cross-default in other financing facilities and Sukuk. The Company has received the approval from the CDRC on 25 May 2017 (“CDRC Approval Letter”) subject to the following conditions: AMRB is required to submit a Proposed Debt Restructuring Scheme within 60 days from the date of the CDRC Approval Letter; AMRB’s admission is limited to 12 months or upon signing of a debt restructuring agreement, whichever is earlier; and The Proposed Debt Restructuring Scheme must comply with the CDRC’s restructuring principles for AMRB to continue to remain under the Informal Standstill Arrangement with the respective financiers.  The Standstill Letter was issued by CDRC to the financiers of the Affected Companies as well as the trustee to the Company’s Sukuk-holders (collectively, the “Financiers”) on 25 May 2017. The CDRC, which is under the purview of Bank Negara Malaysia, will mediate between the Affected Companies and their respective Financiers to restructure their respective financing facilities to a reasonable rate and within a practical tenure while preserving liquidity in the face of this challenging period for the oil and gas industry in line with the above conditions. Notwithstanding the above, the operation of the Affected Companies shall remain as usual. Further announcements will be made in due course as and when appropriate. The announcement is dated 26 May 2017.

icy97

避免交叉违约．国行调解环境海事债务

（吉隆坡26日讯）环境海事资源（ALAM,5115,主板贸服组）宣布，国家银行旗下企业债务重组委员会（CDRC）已批准该公司的申请，以协助该公司和金融机构／伊债持有人调解债务问题。

环境海事资源发文告表示，这是该公司防患未然的行动，以管理其资产的融资结构，从而护航旗下受影响的公司，以免任何的财务紧绌引发其他融资便利和伊斯兰债券出现交叉违约，而这些公司的核心业务依然可行。

该公司是在5月27日收到CDRC的批准信函，条件是必须在60天内提呈企业重组计划、限期12个月及必须遵守CDRC的重组原则，该公司将和相关融资机者保持非正式暂停协议。CDRC已在5月25日发出暂停信件给受影响公司的融资机构和伊债持有人的托管公司。

CDRC将在受影响公司和相关融资机构之间进行调解，以合理水平和较实际的期限来重组融资便利，以便让有关公司可在油气业充满挑战之际保留流动资金。同时，受影响公司将如常营运。

今年恐难转盈

另一方面，由于油气市场挑战严峻，环境海事资源虽积极投标总值近10亿令吉的项目，但2017财政年恐难以转盈。

环境海事资源董事经理兼首席执行员拿督阿兹米在股东大会后坦言，主要因油价不如以往、船舰供应过多，若要在近期内回到2012、2013年好景期的水平，阿兹米坦言今年或许有难度。

不过，他透露，该集团一向首季表现较弱，因遇季候风、租船费率低，料可在第二、第三季转强，预计现财政年可达收支平衡，全年料可维持上财政年约2亿至3亿令吉的营收水平。

石油勘探活动下滑

“油价和船舰使用率的标准水平，不如以往，我们无法期望油价可反弹至每油桶120至130美元的高价位，甚至连100美元的水平也免谈，因此许多油气公司的石油勘探活动相对早前已明显下滑。”

2016财政年环境海事资源由盈转亏，亏损1亿4265万8000令吉，前期为4581万1000令吉净利。

他预计，今年油价料将回到每油桶60至70美元的价位，但尽管如此，他称该集团并不会因此而打入下游业务，而是专注与上游业务、其海底支援、近海设置及建筑业务。

阿兹米说，截至目前，该集团已投标近10亿令吉的项目，部份为期限介于3至5年的长期项目，而截至今年4月，该集团已获总值1亿6600万令吉的合约，将未来2年的订单总额推高至3亿9000万令吉。

拟拓至中东东南亚

他补充，环境海事资源有意将业务拓展至中东及东南亚区域，计划在印尼和纳闽，寻找适合的伙伴以联营海底支援服务，同时正积极投标卡达尔、科威特项目。

他表示，目前该集团仅在迪拜有业务，若竞标成功，将在今年杪涉足新市场。

此外，环境海事资源也将在今年7月之前，投标综合物流控制塔的项目，在竞标成功的前提下，料可在现财政年第三季开始，估计可将其船舰使用率由52%，再微幅提升。

文章来源：
星洲日报／财经‧2017.05.27

icy97

世界海事获1983万合约

2017年6月2日
（吉隆坡1日讯）世界海事（ALAM，5115，主板贸服股）独资子公司Alam Maritim（马）私人有限公司，获得3项总值1982万6400令吉的起锚支援拖船（AHTS）租赁合约。

世界海事向交易所报备，3项合约都是延长合约，来自不同的原油领域业者，但没有透露详情。

该公司指出，3项AHTS租赁合约，分别为租赁3个月另加1个月选择延长期；6个月加4个月延长期，以及2年加1年的延长期。

上述租赁合约总额为1982万6400令吉，预计利好世界海事今年盈利和净有形资产表现。【e南洋】

Type	Announcement
Subject	OTHERS
Description	SPOT CHARTER AND LONG TERM CHARTER OF ANCHOR HANDLING TUG & SUPPLY VESSELS
1.         INTRODUCTION The Board of Directors of Alam Maritim Resources Berhad ("ALAM” or "the Company") is pleased to announce that its wholly-owned subsidiary, Alam Maritim (M) Sdn Bhd, has recently been awarded with charter contracts of three (3) units of Anchor Handling Tug & Supply (“AHTS”) Vessels by reputable oil and gas companies.   2.         VALUE AND DURATION OF THE CONTRACTS The charter contracts duration are as follows: One (1) units of AHTS vessel - for a primary period of three (3) months with an extension option of one (1) month and a further extension option on weekly basis; One (1) units of AHTS vessel - for a primary period of six (6) months with an extension option of four (4) months and a further extension option on weekly basis; and One (1) unit of AHTS vessel - for a primary period of two (2) years with an extension option of one (1) year. The total value of the charter contracts will be contingent upon the actual number of days the vessels are on-hire from time to time throughout the charter contracts period estimated approximately RM19,826,400.00. 3.         FINANCIAL EFFECTS The abovementioned charter contracts is expected to contribute positively to the earnings and net tangible assets of ALAM for the financial year ending 31 December 2017 and beyond. Notwithstanding this, the abovementioned charter contracts are not expected to have any material effects on the share capital and shareholding structure of ALAM. 4.         RISKS ASSOCIATED WITH THE CONTRACTS The risks associated with the abovementioned charter contracts is mainly operational risk such as accidents and unexpected breakdown of vessels and delays due to human, mechanical and logistic factors as well as weather condition. In mitigating such risks, the Company will closely monitor all planned activities as per the project schedule and ALAM adheres to the Quality, Health, Safety, Security and Environment - Integrated Management System in ensuring to continually deliver reasonable quality services. Further, ALAM has developed a programmed maintenance schedule which stringently adheres to the International Safety Management (ISM) Standards in maintaining the performance and seaworthiness of the vessels. 5.         DIRECTORS' AND MAJOR SHAREHOLDERS' INTERESTS None of the Directors or major shareholders or persons connected to the Directors or major shareholders has any direct or indirect interest in the abovementioned charter contracts. 6.         DIRECTORS' STATEMENT The Board of Directors of AMRB is of the opinion that the acceptance of the abovementioned charter contracts is in the best interest of the Company. The announcement is dated 31 May 2017.