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APOil ready for surge? Another GKE in making?
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vsathian
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05-Sep-2007 19:08
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AP Oil S'pore based Lubricating Oil blending plant had shown good results of 24% more revenue and 47% more Net profit in 2007 FY result than in 2006! Further more see the new contract award ! ( Announced in June '07) "The Board of Directors of AP Oil International Limited (the "Company" or "AP") is pleased to announce that it has been awarded a 5 year contract by Sinopec Lubricant Company ("Sinopec") to provide toll blending services for Sinopec's lubricants at AP's two Blending Plants in Singapore. The volume of lubricants to be produced will vary according to Sinopec's requirements and the majority of products will be marine lube for ocean going vessels and marine industry. AP will take logistic advantages of its private jetty and bulk storage facilities to satisfy Sinopec's needs in developing marine lubricant business in this region. Now this counter is pretty lower at 0.28 and started showing sign of upward surge! The pattern is similar like GKE suddenly surged to 12 cents 0.27 to 0.42 in just last 2 days, despite of a low volume! Anyway oil prices are surging and may be starting to re charge! |
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