>RM 2 counter if no profit very shameful.

Posted by paulthesotong > 5 hours ago | Report Abuse

https://www.freemalaysiatoday.com/category/nation/2024/04/25/heitech-returns-to-profitability-in-2023/

Last QR not good. Have to wait next QR to see any improvement.

Loh Kok Wai W

Everyday more Volume ..but price never move..

4 hours ago

PE only 8.77 times and DY 7.53%.

No 2nd casino-stock market drop like today?

HSR yes but 2nd casino no?

No to 2nd casino. Genting Highland still got land for expansion?

Genting Highland still got land for expansion?

NationGate subcon why nobody propose? Same boss Ooi Eng Leong.

Luxchem(Kossan bought last year) QR just out which show improvement YOY and I heard BJ Corp(Kossan bought at 25 sen) may get 2nd casino license.

s3phiroth-Ewein and NationGate belong to same boss Ooi Eng Leong. Why Ewein does not seem to benefit you know the answer? If Ewein property company why cannot build factory on Ewein landbanks and produce supply for NationGate?

s3phiroth

Mark my words, this counter will become smci malaysia version. They are going to start mass production of ai server powered by nvidia chips very soon!

1 month ago

CEO is seller because coming QR not good because of Microln share plunge?

I thought promoter tell TP RM 1.5 why director sell so low?

Gentingbig you regularly go to Genting? Pls visit HM bought apartment and share news update here eg can complete in 2025 or later.

5 sen dividend if maintain still good to hold.

>RM 2 like Yinson?

Genting property any1 know latest news? Sound promising but share price why no longer can go up?

Peace99 where are you? Any possibility plantation boss+durian takeover 100%? Other business I think must cut loss or sell.

Meaning big volume(before recent plunge to 10.5 sen) is false?

What to do? Even govn change some practices still remain same eg CEO must be Malay, BOD must be Malays who time and again proven incompetent in corporate.

If you read Rafizi FB; Sapura like big issue that cost BN last 2 GE?

So for now I can say GE16 still long way to go govn doesn't need to do much.

If govn don't care they must lose GE like BN.

Mahathir? PM-X enemy? But PNB(meaning Malays who does not support PH or PKR) interest PM-X can ignore?

Director sell at what price?

2024-04-24

Insider

DATO' WONG GIAN KUI (a company director) disposed 100,000 shares on 23-Apr-2024.

No answer meaning all talk here is trader(like bullrun68) or mere attention seeker person?

5354_

EGM who can attend here? Many talk here like disagree but how you show your disagreement?

3 seconds ago

EGM who can attend here? Many talk here like disagree but how you show your disagreement?

If govn no help perhaps pembangkang can bring as issue in GE16?

nicholas99

If government want to help. They can buy up the whole company. But it will be too costly. But helping a bit helping a bit. It will sooner become MAS. So.. they choose not to do anything.

2 minutes ago

4 sen is new low? But many lot done?

Still need EGM to approve the transaction. If PNB disagree so no sale?

My meaning even you buy today at 4.5 sen hopefully can sell at 5 sen or higher will take time eg until next QR or big contract win news.

Me also same why not real? But 2nd time I think not so easy.

smartepf

Try to ignore those, who always say they sell at the highest and buy at the lowest. This type of people always around the forum not real anyway.

1 day ago

bullrun168

Bought at @0.045 and Managed to sold all at @0.055 to make a handsome profits of 22%

1 day ago

Today must announce? Bursa ruling I blur-blur haha.

Should be. Market up(or down) foreign funds control(decide).

Those losing big don't vote PH in GE16.

Shark(operator) is cruel people. Latest QR(EPS 1.66 sen) is good why HM must down?

Khazanah buy more Uem S and if goes up Khazanah make the most money.

Debat Perdana(about Sapura Energy Berhad) between DSAI and Najib Razak also no result yet.

Eyes on Sapura Energy ahead of material announcement
By Adam Aziz / theedgemalaysia.com
22 Apr 2024, 01:01 pm
Updated - 01:36 pm

KUALA LUMPUR (April 22): Investors of Sapura Energy Bhd await the material announcement hinted at last Friday's noon break by the oil and gas (O&G) services company, which is in the midst of formulating a regularisation plan to address its Practice Note 17 status.

Shares in the company, which undertakes upstream operations and maintenance, offshore fabrication, and drilling services, have been voluntarily suspended from trading since 2.30pm last Friday afternoon.

The suspension points to potential sale of its 50%-owned upstream unit SapuraOMV Upstream Sdn Bhd.


The other 50% stake in SapuraOMV is in the process of being acquired by TotalEnergies from Austria’s OMV Aktiengesellschaft for US$903 million (RM4.32 billion). OMV sold the stake as part of its group strategy that shifted its focus away from Australasia.

OMV bought into SapuraOMV back in 2018 by subscribing to a 50% stake for US$540 million, plus repayment of US$350 million in intercompany debt.

It was reported that Sapura Energy was looking for US$1.2 billion for its stake in SapuraOMV.

SaspuraOMV operates the Sarawak gas fields of SK310 (with a 30% stake) and SK408 (40% stake). It also owns 40% of Block SB412 offshore Sabah, and 30% of Block 30 offshore Mexico, as well as other offshore exploration permits in Western Australia and the Taranaki Basin in New Zealand.

TotalEnergies’ transaction price for the 50% stake in SapuraOMV is bigger than Sapura Energy’s market capitalisation of RM826.92 million, based on its last traded share price of 4.5 sen prior to the suspension.

As at end-January, Sapura Energy had negative total equity of RM4.19 billion, against cash of RM1.45 billion and gross borrowings of RM10.98 billion.

The group is in the midst of coming up with a regularisation plan to address its balance sheet position. At the moment, it has been given until June 10 by the courts to restrain any legal action by creditors, including local vendors and those for its RM10.3 billion multi-currency financing facilities.

At least 75% of these creditors have provided requisite approval-in-principle for its proposed debt restructuring scheme, back in December last year.

Shareholders of Sapura Energy include Permodalan Nasional Bhd via Amanah Saham Nasional Bhd (40.73%). Brothers Capital Sdn Bhd, linked to Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin, owns a 9.18% indirect stake in the listed entity. Shahril also owns a 0.95% direct stake in Sapura Energy.

Aside from SapuraOMV, Sapura Energy’s other assets include fabrication yards in Lumut, Perak (273 acres or 110.48 hectares), Labuan (88 acres), and Teluk Kalong, Terengganu (20 acres).

It has five derrick lay vessels, six pipelay vessels, one subsea construction vessel, two anchor handling tug supply vessels, and other offshore support vessels. Sapura Energy also has five semi-tender rigs and six tender assist rigs, its official website showed.

Shares in the company, which still has vast presence across the local upstream oil and gas ecosystem, touched six sen apiece in the third quarter of 2023, following a quarterly net profit of RM146.1 million for the first quarter ended April 30, 2023 (1QFY2024) that was its strongest since 2019.

However, the group remained in the red in FY2024 as all segments bled, with a full-year net loss of RM728.4 million on revenue of RM1.1 billion.

Chairman Datuk Mohammad Azlan Abdullah said in March that Sapura Energy is “not yet out of the woods” following the results, with the group citing lack of funding access as adding to the challenging operating conditions for both its engineering and construction division, and the operations and maintenance division.

The group, which initiated the latest round of its restructuring plan in 2022, had an order book of RM5.4 billion at end-October last year. As the wider domestic O&G industry continues to see a pickup in activities and prospects, the attention will also be on the progress of Sapura Energy’s turnaround.
https://theedgemalaysia.com/node/708793

How about today market? Why CI up 10 points and more counters up than down?

Play contra so must settle? Why so kanchiong haha.

RM 100 million if buy UemS RM 1.5-RM 2 possible?

Bursa listed counters why Khazanah no invest? UemS should buy more for example.

Suspend until 10th June 24?

Chicken price must drop so that IRB won't fine LHI too much?

PM-X said yesterday chicken cartel given warnings?

Dayang related to dead Taib Mahmud? Not living person like TPM Fadillah Yusof more important hence Penergy share(his brother counter)?

GPS pull out meaning Unity Govn collapse so who must take care Penergy(TPM Fadillah Yusof brother counter) share?

Excess cash already have for many years why only given this year?

2 sen dividend not because coming Q1 24 QR good?