Highlights
KLSE: SUMATEC (1201)       SUMATEC RESOURCES BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.005   -0.005 (50.00%)  0.005 - 0.01  1,743,000
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Overview

Market Cap: 21 Million
NOSH: 4,253 Million
Avg Volume (4 weeks):8,431,135
4 Weeks Range:0.005 - 0.01
4 Weeks Price Volatility (%):
0.00%
52 Weeks Range:0.005 - 0.09
52 Weeks Price Volatility (%):
0.00%
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Sep-2018 [#3]  |  30-Nov-2018
Next QR | Est. Ann. Date: 31-Dec-2018  |  28-Feb-2019
T4Q P/E | EY: -0.32  |  -317.26%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.103  |  0.05
T4Q NP Margin | ROE: -340.09%  |  -15.40%

Headlines

Date Subject
22-Jan-2019 Evening Market Summary - 22 Jan 2019
18-Jan-2019 Evening Market Summary - 18 Jan 2019
02-Jan-2019 Evening Market Summary - 2 Jan 2019
24-Dec-2018 Mplus Market Pulse - 24 Dec 2018
20-Dec-2018 Evening Market Summary - 20 Dec 2018
22-Nov-2018 Mplus Market Pulse - 22 Nov 2018
26-Sep-2018 PublicInvest Research Headlines - 26 Sept 2018
13-Jun-2018 Mplus Market Pulse - 13 Jun 2018
25-Apr-2018 Mplus Market Pulse - 25 Apr 2018
09-Apr-2018 摆脱PN17 ‧ 马联保险拟进军俄油气
02-Apr-2018 PublicInvest Research Headlines - 2 Apr 2018
02-Apr-2018 Mplus Market Pulse - 02 Apr 2018
22-Mar-2018 PublicInvest Research Headlines - 22 Mar 2018
22-Mar-2018 Mplus Market Pulse - 22 Mar 2018

Business Background

Sumatec Resources Bhd is an investment holding company and is engaged in upstream oil and gas operation. The company focuses on acquiring and developing new and underperforming oil and gas fields. It has also interests in the rakushechnoye field in Kazakhstan.
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  138 people like this.
 
Darth Investigate what happened to Sumatec when Halim took over!
Find the money trail why he put his money in at higher price and get out disposing @ 0.01?
18/02/2019 21:11
DreamCapturer yah gah
19/02/2019 03:52
buah_kurma semua sine kaki temberang, kaki lancap
19/02/2019 10:57
Jaden Today's turnover baru Rm10k.. hahaha
19/02/2019 15:04
newbie5354_ Which bank you use sure get buy 0.5 sen done sifus?
19/02/2019 16:48
DreamCruiser yah gah
20/02/2019 00:52
4444 Dare not buy more at 0.005?

Posted by DreamCruiser > Feb 20, 2019 12:52 AM | Report Abuse
yah gah
20/02/2019 03:07
4444 Why QR not out?
20/02/2019 03:08
Sanatan QR est. announcement date 28.02.2018.
20/02/2019 09:04
zenbeginner wonder what to expect in this coming QR......
20/02/2019 09:43
buah_kurma semue sine main telor sendiri
20/02/2019 10:04
DreamMaster yah gah
20/02/2019 10:32
buah_kurma semue sini suka bilang rambut batang sendiri
20/02/2019 10:35
buah_kurma Semua kaki pondan sini... Naik kan sumatec pada 5sen kalau ada bola
20/02/2019 13:34
cashflow Sumatec is missing the KLSE bull run momentum. Rest of the O&G cheering on crude and KLSE positive sentiment.
20/02/2019 15:36
Jaden This is the lousiest counter I kena after Perisai..
Will wait sampai untung besar.. or tutup kedai
20/02/2019 15:47
bishibashi wow worth the risk to enter sumatec?
20/02/2019 17:13
fattchoi88 sumatec only goes up and down between 0.5 and 1.0?
20/02/2019 17:28
Darth PN17 berapa bulan lagi tinggal regularisation?
Biggest joke!
Bursa Malaysia knows what's been happening and keeping quiet!
20/02/2019 18:13
Darth Bursa Malaysia all Makan Gaji and Buta Bonuses into their pockets all these years by not investigating and coming out with up to date info for shareholders!
20/02/2019 18:16
Darth So. What exactly is happening?
Why Halim is selling of his shares at a loss?
20/02/2019 18:18
jasontan1177 Wat back door listing ?

Belakang mali ga ?

dragonslayer Aiyi..april kambing...left 2 full moons...when hear the wolf crying 2 times...itu jam see the full moon two time lah....lagi tak mau keluar ploposal kah...at least infotm shareholders...what is the status...on the way ke..or..proposing..jual oil field concession ke...ot...found new buyer...backdoor listing ke...why senyap...senyap..only...aiyoyo...kikiki
20/02/2019 18:18
20/02/2019 18:21
Darth I know he's not selling at a loss because from the day Pn17 was announced,
He already started playing with his Shark friends!
20/02/2019 18:23
Darth Who become stupid chasing up-down playing 0.005-0.01 when the price was @ 0.06?
20/02/2019 18:25
Darth Yeap. That's what's is happening.
20/02/2019 18:33
Darth Halim didn't loose.
Retailers lost!
20/02/2019 18:33
Darth No. Worries!
Because No one can do anything when got cheated!
Halim Saad cheated by manipulating.
He's cheating and swindling is legal.
20/02/2019 19:52
Darth Ok. Let's wait and see when the pn17 expire.
If expire means close shop with whatever holdings you have.
20/02/2019 19:54
Darth Halim cheated and money was siphoned out!
Catch me if you can!
20/02/2019 20:05
Darth Moving forward.
Can I ask (including me).
What has happened to our Small cap stocks and ACE market counters in Bursa Malaysia?
Almost all Dead!
20/02/2019 20:14
Darth From 2018.
Have you seen much listing activities for new comers to the Ace Market?
20/02/2019 20:16
Darth Today. I Dare! BURSA MALAYSIA!
Come out with a New company whom wants to get listed!
20/02/2019 20:19
Darth In the Ace Market or 2nd Liners category.
20/02/2019 20:21
如鱼得水 poly wait for restructuring of 40:1 first, to ensure no delisting.. it will come out with 20 cts only buy.. ppl will play up if mkt good...
20/02/2019 23:09
jasontan1177 The intangible asset of the Group and the Company amounting to RM298,953,595 is related to the
amount paid for acquisition of rights to develop, extract and produce oil from the Oil Field, while the
refundable performance deposit amounting to RM123,420,041 is amount paid to COG for oil production
and to be repaid by deduction from the royalty fee charged by COG or to be fully refunded upon
termination of the agreement.
The viability and sustainability of the oil operations at the Oil Field is highly dependent on the practicality
of the oil and gas development plans and the availability and sufficiency of operational funding. As
mentioned above the proposed corporate exercises and source of funding remain highly uncertain as of
the date of this report, thus the achievability of the cash flow projections provided by management is
uncertain. Consequently, the Auditors are unable to determine the recoverability of the intangible asset
and performance deposit paid and the effects of impairment adjustments, if any.
b) Receivables
i) The current trade receivable of the Group amounting to RM195,788,400 as at 31 December 2017 is
solely due from MELL. Out of the amount, a balance of RM178,981,875 has been overdue. No
repayment schedule had been provided and the settlement arrangement forms part of the proposed
corporate exercises via the Proposed Acquisition. The Company is now formulating and finalizing the
proposed corporate exercises which are still in preliminary stage as at the date of this report.
ii) The Group’s and the Company’s non-current trade receivable of RM33,044,164 and RM23,499,174
respectively and the Group’s and the Company’s non-trade receivable of RM102,664,794 are due from
COG. The repayments from COG are dependent on the viable and sustainable operations of the Oil Field.
Given the material uncertainty of the assumptions used in the preparation of the cash flow projections as
mentioned above, the Auditor are unable to obtain sufficient appropriate audit evidence to ascertain the
recoverability of the amount due from COG as at 31 December 2017.
In the absence of any documentary evidence to ascertain the recoverability of the amount due from COG
and MELL, the Auditor are unable to ascertain the recoverability of these amounts as at 31 December
2017.
c) Deposit paid for proposed acquisition
A deposit of RM96,510,000 had been paid for proposed acquisition of Borneo Energy Oil & Gas Ltd in
the year 2014. The proposed acquisition has not been completed since it was first announced on 11 July
2014. The deposit has been proposed to form part of the debt settlement under the Proposed Acquisition
during the financial year. This has cast significant doubt on the ability of the Company to complete the
proposal and the recoverability of the deposit. In the absence of any alternative evidence available, the
Auditor are unable to determine the recoverable amount of the deposit if the proposed acquisition is
22/02/2019 15:52
jasontan1177 semua wang sula pegi mana ?
aiyo
22/02/2019 15:53
jasontan1177 RM195,788,400 + RM96,510,000
this two figures add up also banyak lui wor...

aiyo
22/02/2019 15:56
newbie5354_ Why down at closing?
22/02/2019 17:01
Maximillioneddy WINDING UP PETITIONS AGAINST SUMATEC RESOURCES BERHAD BY MALAYSIAN TRUSTEES BERHAD, KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD
22/02/2019 17:57
jasontan1177 The Group’s and the Company’s non-current trade receivable of RM33,044,164 and RM23,499,174
respectively and the Group’s and the Company’s non-trade receivable of RM102,664,794 are due from

Plus RM195,788,400 + RM96,510,000

How much money ?
22/02/2019 18:06
derrickinvestor dragon..is like your two nuts ding dong la..left hit right and then right hit left...
22/02/2019 19:17
jasontan1177 Wah 100 m profit..

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6071445
22/02/2019 19:19
DreamPredator yah gah
22/02/2019 21:08
22/02/2019 21:11
polycarp https://m.youtube.com/watch?v=-N4jf6rtyuw&feature=youtu.be
22/02/2019 21:35
DreamPredator Polycarp ata mayin itu Tayang gah
22/02/2019 22:34
modestos let the show begin. whale of the century
23/02/2019 00:15
jasontan1177 What show ?
23/02/2019 00:26
DreamKeeper yah gah
23/02/2019 04:04
Cimb Follow referee ds Holland is the destination? Kikiki.
23/02/2019 04:34


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