SAAG RR Infra-Hameed-27jul2k5
Market Buzz:
(May not be useful for day-traders.)
SAAG RR Infra-A Play on Crude Oil and Natural Gas Exploration
BSE 531374 CMP Rs 44.25 Buy. (Not applicable for day-traders.)
SAAG RR Infra limited, a subsidiary of SAAG CONSOLIDATED (M) BHD (Malaysia) (SAAG), is movingly sharply into focus with fund managers who have made a big play in Alpha Geo, Shiv Vani, HOEC and SKS Offshore during fiscal 2005. SAAG which is bidding for large oil and gas exploration being undertaken by ONGC and gas distribution monopoly GAIL.
SAAG had reported a net profit of Rs. 58.89 lacs (Rs. 27.45 lacs), for the financial year ending March 2005, an increase of 115 per cent over the last financial year. The company's turnover grew by 37 per cent from Rs. 11.58 crores in Fiscal 04 to Rs. 15.92 crores in Fiscal 05. In the last fiscal SAAG RR also achieved record-high revenue and operating income. SAAG's successful growth is being attributed to large projects, new lines of business and the acquisition of controlling stake (51%) by SAAG CONSOLIDATED (M) BHD (Malaysia) (SAAG), completed in early 2005.At the commencement of fiscal 06, SAAG has projects in progress to the tune of Rs. 28.46 crore.Those in the know claim, that SAAG RR Infra has the global expertise, depth of talent, and increasingly sophisticated capabilities in large-project management and enterprise consulting which has catapulted it to the top rank in the oil consulting business. The result: ability to compete is turning into order wins over large entrenched players in the segment.While new and continuing projects in the Indian infrastructure industry, played a key role in SAAG RR's strong financial performance last year, the biggest challenge going forward, is to maintain SAAG's tremendous momentum, while continually re-inventing to meet the new market demands.
SAAG RR Infra Ltd. is a subsidiary of SAAG CONSOLIDATED (M) BHD (SAAG), a key player in the oil and gas sector in Malaysia for over 23 years. As a company principally providing investment holding and management services, SAAG through its group of companies and strategic partnerships is involved in upstream and downstream activities in the oil and gas industry. With a reputation as an innovative player in the manufacture, supply and service of equipment and machinery in the oil and gas industry in Malaysia, SAAG has been growing rapidly and currently represents more than 20 established manufacturers of oil and gas (O&G) equipment and machinery. Strategic alliances in niche growth areas have provided SAAG with the competitive edge to offer technical expertise, equipment and manpower to undertake high-end projects in the industry. SAAG expanded operations to Singapore (1989), Brunei (1992), India (2003), Australia, Thailand and Korea (2004).Thus, it's footprint straddles most of South Asia and Austral-Asia
Going forth into 2006, SAAG could turn out to be an exciting stock with tremendous growth prospects.
(May not be useful for day-traders.)
SAAG RR Infra-A Play on Crude Oil and Natural Gas Exploration
BSE 531374 CMP Rs 44.25 Buy. (Not applicable for day-traders.)
SAAG RR Infra limited, a subsidiary of SAAG CONSOLIDATED (M) BHD (Malaysia) (SAAG), is movingly sharply into focus with fund managers who have made a big play in Alpha Geo, Shiv Vani, HOEC and SKS Offshore during fiscal 2005. SAAG which is bidding for large oil and gas exploration being undertaken by ONGC and gas distribution monopoly GAIL.
SAAG had reported a net profit of Rs. 58.89 lacs (Rs. 27.45 lacs), for the financial year ending March 2005, an increase of 115 per cent over the last financial year. The company's turnover grew by 37 per cent from Rs. 11.58 crores in Fiscal 04 to Rs. 15.92 crores in Fiscal 05. In the last fiscal SAAG RR also achieved record-high revenue and operating income. SAAG's successful growth is being attributed to large projects, new lines of business and the acquisition of controlling stake (51%) by SAAG CONSOLIDATED (M) BHD (Malaysia) (SAAG), completed in early 2005.At the commencement of fiscal 06, SAAG has projects in progress to the tune of Rs. 28.46 crore.Those in the know claim, that SAAG RR Infra has the global expertise, depth of talent, and increasingly sophisticated capabilities in large-project management and enterprise consulting which has catapulted it to the top rank in the oil consulting business. The result: ability to compete is turning into order wins over large entrenched players in the segment.While new and continuing projects in the Indian infrastructure industry, played a key role in SAAG RR's strong financial performance last year, the biggest challenge going forward, is to maintain SAAG's tremendous momentum, while continually re-inventing to meet the new market demands.
SAAG RR Infra Ltd. is a subsidiary of SAAG CONSOLIDATED (M) BHD (SAAG), a key player in the oil and gas sector in Malaysia for over 23 years. As a company principally providing investment holding and management services, SAAG through its group of companies and strategic partnerships is involved in upstream and downstream activities in the oil and gas industry. With a reputation as an innovative player in the manufacture, supply and service of equipment and machinery in the oil and gas industry in Malaysia, SAAG has been growing rapidly and currently represents more than 20 established manufacturers of oil and gas (O&G) equipment and machinery. Strategic alliances in niche growth areas have provided SAAG with the competitive edge to offer technical expertise, equipment and manpower to undertake high-end projects in the industry. SAAG expanded operations to Singapore (1989), Brunei (1992), India (2003), Australia, Thailand and Korea (2004).Thus, it's footprint straddles most of South Asia and Austral-Asia
Going forth into 2006, SAAG could turn out to be an exciting stock with tremendous growth prospects.
posted by gd26ram at
6:04 AM
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