AmInvest Research Reports
Stocks on Radar - Sapura Energy (5218)
AmInvest
Publish date: Mon, 06 Jan 2020, 09:59 AM
AmInvest
0 9,013
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
Sapura Energy has been range-bound during recent sessions. Higher trading volume was recorded in the latest session. With the momentum indicator RSI above 50%, there is a possibility it will break above the resistance price of RM0.28, and move towards the target prices of RM0.295 and RM0.305. The immediate support is anticipated at RM0.255, whereby traders may exit on a breach to avoid the risk of a further consolidation.
Trading Call: Buy upon breakout above RM0.28
Target: RM0.295, RM0.305 (time frame: 3-6 weeks)
Exit: RM0.255
Source: AmInvest Research - 6 Jan 2020
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Discussions
Be the first to like this. Showing 9 of 9 comments
I finally made up my mind to buy a meaningful stake at 29
Looking beyond weak numbers and take Long term view
US shale oil has plateaued . I think oil has reached bottom
Especially with the Iranians firing tickets at US base
2020-01-08 08:25
Yes 2020 a year for sapnrg, please load up while cheap b4 too late loh...!!
No pondan....pondan..........$$$$$$$$$$ coming mah...!!
2020-01-08 08:42
Hahahaha Icon8888,
Have you read SAPNG financial report? Below is what Choivo said about SAPNG?
However, to be honest, it sounded a bit like the typical things that any CEO in the world would say, I mean, how long has it been since Tan Sri Shahril talked about SAPRNG making a profit?
And just after an RM8bil fund injection into it by PNB to save Maybank (they held a big chunk of SAPRNGS loan book), its now looking like it might still go down at any day again, with Current Liabilities again exceeding Current Assets.
Having said that, I recently spoke with a friend who audited saprng and their project finance reporting manager.
In essence, due to the sheer amount of capex they had, which was all backed by borrowings, despite the oil slowdown they have no choice but to take projects. And 70% of them are loss making, even without taking into account financing cost.
Its that hard and risky
22/12/2019 11:20 AM
2020-01-08 08:44
Never expect icon888 invested this counter, i taught Iran tension will escalate and buy in...now stuck..haha
2020-01-11 20:38
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