MOGSC demand Gov bail out SAP...haha

Seem like debt deal finalize soon, MOGSC asking Gov help by claiming that subcontractor is victim of the debt deal.

SAP just copy paste the monthly updates.....

No matter how good prospect of one division, also not rnought to pay back the debt, paying 1.5 billion a year also need 10++ to clear, assume no new loan...worst still SAP group still losing money due to legacy project

The price will only move after debt restructure success...

Restraining order expired on early March.....very soon, if no extension lender take legal action against SAP.....no news on extension, no news on debt restruture.....

If deal with lender has seal, price should have spike....only left 4 weeks....

Selling down today indicate ???

Need to be cautious when PLC has big project in idian...almost sure die....

Taiwan Winfield project has been put on hold after an incident with the new contractor. I guess the most money losing project is in India....again..haha

In Malaysia
Mazda is hot selling but due to long waiting period, a lot cancellation as well
Peugeot not selling as expected
Kia only CBU Carnival is doing well, other mode price at 240k onward above mass market. Even the famous Sorento also price from 220k onward.....

Only depend on Mazda only, the rest 2 new ventures is losing

Back to 0.050...maybe this is lucky number for someone.

@kyliew, what is their agenda? To ensure lender agree on the write off?

Is it a trap or opportunity!!!

Extension is not good news....anyway Market respond positively.

This is gonna scary...are they able to get extension?

At this stage, still no volume....very likely request for extension.

Need to submit for extension..

No news about the detb restructure, it only left 1.5 months before the standing instructions expire, volume remain low ..

PSb announced lowest dividend, if SAP not able to restructure next year.....PSB may declare further lower dividend....no reason for Bumi keep the money in ASB...some of them may start to withdraw...this will make the situation worst...

KYY rate Sapura 'middle' compare among other O&G stocks...

They need wrap up the restructure by next month....not many days left..

Very close to due date, SAP may need to wrap up debt restructuring by Jan. Insider will started buy in Jan if good news. 70%write off mean save 420 million interest...

600 million financial cost per year.....if not resolve this, 100% rig utilization also useless....

Extension of RO expire soon around 3 months, it reported that pod close to end, I reckon SAP would not request another extension

Hassan should replace PETRONAS CEO, create heatthy market

Rafizi is sued by ex-founder SAP.... definitely he will step in, whether is positive or negative remain uncertain.

2 months has passed since they submitted the draft and had met with the lender.....how long still needed....they have started this since mid of the year, then asked BNM help in 3rd Q....hope to conclue soon, only can hope

Few month before due date, SAP still keep silent about their restructure progress....

How the oil industry evolve, world are still using oil, but money is run away, no one want spend million investment to drill new field, worry after spend billion drill and setup station which need 3-6 years, oil demand drop.

3-4 months left....very close to deadline.

People willing sacrifices Ukraine people life so that can peace can be restored.

This is selfish, ukrain who live under occupied by Russian being kill, rape, torture.

When you ask for peace, please don't forget those Ukraine PEOPLE who live there peachfully before the invasion.

If BNM fail to kick foreign Bank ass, then foreign Bank will kick SAP ass. New gov also need to kick foreign Bank. Z openly support Rescue SAP, rescue may become UMNo manifesto...haja

SEB is expected to submit a proposal for a restructuring of its debts within 60 days from 1 September 2022

3 weeks left

Debt restructure + PP is best recipe, BNM kick the foreign Bank Bank

Certain foreign banks not agreed on the debt structure proposal...can BNM kick their ass..haha

Sell 3 rigs as scrap metal also can gain 7 million, lol...assets impairment overdone....

PNB 41%, Sapura Brothers 18%
Only left 41 for institute and public..

Under the restructure plan with the 10 lender to extend 7 years, PNB committed not to sell it's stakes....

If gov not step in...how SAP can pay dividends, only 3-4 billion backlog for 23 financial year, let alone 30-40% are legacy contract which is making loss...India losing contract almost certain drag to next year...

PNB will loss all and pay tiny if gov not step in.

It is gambling for SAP, bet whether gov will step it or not, either open big or small. Forget about TA, FA or WB ....haha

Putra Business School Assoc Prof Dr Ahmed Razman Abdul Latiff believes should the fund manager decide to keep its purse strings tight, it can withstand the loss from its investment in the O&G support services provider as Sapura investment accounts for less than 1% of its assets under management (AUM).

3 billion is a big amount, PNB never said it is small amount. But it is withstand the loss because it only represent 1% of PNB portfolio.

The problem is if PNB loss the 3 billion to rescue SAP, who is accountable why use GLC Fund to bailout SAP.

PNB average 10 billion net profit per year, in the event SAP bankruptcy, the dritribution for that year will be impacted. Than why using Bumi saving to bailout SAP..

Gov will not let SAP down, rescue plan definitely is around corner ...

PNB stuck in SAP long time de, they can't sell their stakes...but it does raise eyes brown, why increase stakes? SAP a PN17 and unable to pay debt....even they succeed in the haircut, but don't expect any dividend untill 2024...MoF announcement soon?

120 million, more drama next? Which agency step in? Another rebate between Anwar and Najib...lol

Contract worth 580 million....1 year only 290 million, jv only 145 million...than what is the margins.....not enough to cover the 500 million loan interest, don't mention about pay down principle.

PNB still pump money into PN17 SAP who can't pay their debt. Gov will intervene else PNB will lose 3-4 billion. Inform Rafizi about this fast fast....lol

The edge should question PNB CEO again, why invest in a PN17 company and risk to lose all if SAP bankrupt....

or call another another debate with PM or Najib again, PKR need to save PNB fund investor....

Rafizi not agree bailout SAP, now PNB increase their stakes daily, if SAP bankrupt, at least lose 4 billion....time is running out, inform Rafizi to make police report.

Bloody hell!!!!! PNB buy again, time is running out, anyone please inform Rafizi , make police report.

PNB buying again???? Fast fast inform Rafizi...

4 million is nothing for PNB who has lose 3 billion to rescue SAP...but despite disapproval and outcry from the public still throw another 4 million into the sea a PN17 company.

It make no sense, pls inform Rafizi so that PKR gang will make police report...

A lot of small bilis like ahnad, ah know and maniam have invested in PNB fund, pls inform Rafizi to save their saving.