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2018-11-23 11:30 | Report Abuse
QR next week? Why delay if good? PE 96 cheap?
2018-11-23 11:28 | Report Abuse
Today QR? If loss again RM 3.4 cheap?
2018-11-23 10:50 | Report Abuse
FGV not in downstream(cooking oil, etc) as well? If CPO drop product price no drop not gain more?
2018-11-22 11:35 | Report Abuse
1% share dividend as interim dividend?
2018-11-22 11:31 | Report Abuse
Why MS still buying? They have appointed their own BOD?
2018-11-22 11:05 | Report Abuse
Many day traders? Why cannot hold until QR?
2018-11-22 10:57 | Report Abuse
1.67% DY(at 1.2) for 27th Nov dividend. If 2 times can give already > FD rate.
2018-11-22 10:51 | Report Abuse
KWAP/EPF/PNB buy sure can absorb TH selling. Do they dare?
2018-11-22 10:35 | Report Abuse
How you know LKT sell? Not i3 forumers more true?
dompeilee 7.96 + 2.10 = 10.06....bery sakit. Now Lim KT wanna sell also no buyers lol
22/11/2018 09:31
2018-11-22 10:30 | Report Abuse
No 1 can protect why ah? I see debts reduce is good sign.
2018-11-22 10:23 | Report Abuse
Why only MIDF cover Ranhill? Other IBs' think Ranhill non-exist?
2018-11-22 10:21 | Report Abuse
If 8 sen dividend per annum can give TP RM 1.5 any problems?
2018-11-22 10:19 | Report Abuse
Who push up when TH sell more?
2018-11-22 10:09 | Report Abuse
Last qtr AAX loss QR AA no kena how abt coming QR?
2018-11-22 10:01 | Report Abuse
Why? All forumers talk good and confident.
2018-11-22 09:58 | Report Abuse
Why EPF disposed a lot? RM 2.6 billion Najib case settled?
2018-11-20 15:11 | Report Abuse
What meaning EPF selling non-stop>
2018-11-20 03:37 | Report Abuse
Listing of FGV in 2012 1 of 2 reasons(the other is 1 MDB) caused BN downfall? When Tun M was PM for 22 years why he never thought listing of FGV is good?
2018-11-20 03:16 | Report Abuse
Sapura seals OMV deal, eyes turnaround in FY2020
WITH Sapura Energy Bhd sealing a strategic partnership with OMV Aktiengesellschaft (OMV) last Friday, the oil and gas services and solutions provider is now eyeing a turnaround in the financial year ending Jan 31, 2020 (FY2020).
This is also pending the success of the RM4 billion cash call Sapura Energy is currently undertaking. Both exercises would pare Sapura Energy’s debt by some RM7 billion, reducing its interest costs by about RM320 million annually, allowing it to focus on its growth prospects.
Sapura’s order book now stands at slightly above RM16 billion across three years, says CEO Tan Sri Shahril Shamsuddin. “Our order book will increase significantly in the coming months,” he says, amid expectations of new contracts from the Middle East, India and South and Central America.
“It is the execution of these works from engineering and construction that will help the company turn around next year,” he tells reporters after sealing the deal for Sapura Energy to divest half of its wholly-owned exploration and production (E&P) unit Sapura Upstream Sdn Bhd to Austrian integrated oil and gas group OMV.
The deal involves a joint venture between Sapura Energy and OMV, following a heads of agreement signed on Sept 12.
Recall that Sapura Upstream’s enterprise value was reported at US$1.6 billion in September. From the tie-up, Sapura Energy will receive proceeds of between US$945 million and US$975 million, representing a gain on disposal of US$619 million to US$649 million.
The deal entails OMV subscribing to 50% of the enlarged issued share capital of Sapura Upstream — to be renamed Sapura OMV Upstream — for US$540 million, with the remaining 50% held by Sapura Energy.
OMV also agrees to repay US$350 million worth of shareholders’ loans owed by Sapura Upstream to Sapura Energy, plus an additional consideration of US$55 million as well as contingency funds of up to US$30 million in relation to Sapura Energy’s Block 30 exploration asset in Mexico.
Minus the funds tied to the Mexican asset, Sapura Energy will have US$890 million cash, of which US$720 million (about RM3 billion) will partly be used to repay its debt. Another US$160 million will be reserved for working capital after excluding about US$10 million required for the exercise.
Sapura Energy has long- and short-term borrowings of RM11.12 billion and RM5.76 billion respectively as at end-July. On top of Sapura Energy’s recent RM4 billion rights issue, the company will be able to pare its debts by RM7 billion to RM9.88 billion.
On the tie-up, Shahril says: “We could not have got from a listing [of Sapura Upstream] neither the price [offered by OMV] nor the [prospects of] development of the companies and the human capital involved.
“The JV, with the injection of new capital and capabilities of a new partner, will probably be bigger and will generate more cash than if Sapura Energy were to do it alone.” The two partners currently share an average cash flow break-even of about US$25 per barrel of oil equivalent (boe).
OMV is an integrated O&G outfit with a footprint in Russia, Europe, the Middle East, Australasia and Africa, with proven reserves of 1.15 billion boe and average daily production of 348,000 boe/d in 2017.
The Austrian outfit will fully consolidate Sapura OMV Upstream’s assets in its financial statements. This comprises 260 million boe in proven and probable reserves and contingent reserves, which will no longer appear in Sapura Energy’s books. Sapura Energy’s Sabah exploration assets are carved out from the strategic partnership OMV deputy chairman Johann Pleininger calls Sapura Upstream’s SK408 fields off Sarawak, which has proven natural gas reserves of nine trillion cubic feet as the JV company’s “most valuable asset”.
He reveals that Sapura Energy came out tops after screening 1,700 assets and 500 companies in OMV’s search for a “partner of choice”.
Referring to SK408, Pleininger says, “What we are aiming for is to triple the production in the next two years from close to 10,000 boe/d currently to 30,000 boe/d in 2020, and then we want to double to up to 70,000 boe/d in just entitlement production by 2023,” he adds.
“So we have a great company, great assets, and a country where we are welcomed and we will invest in. Sapura is a partner of choice.”
In the long run, the JV company is set to become one of the largest Asian independent O&G outfits in terms of reserves that will focus on “where the markets of the future will be” namely Asia Pacific, in particular Southeast Asia, India and China.
“We are committed to stay long term in Malaysia for the coming decades,” says Pleininger. “OMV is cash-rich; it is a cash machine. We hope to also turn Sapura OMV Upstream into a cash machine in the coming years,” he adds.
http://www.theedgemarkets.com/article/sapura-seals-omv-deal-eyes-turnaround-fy2020
2018-11-20 03:07 | Report Abuse
Any1 noticed confusing Bursa announcement. How come Danny Tan can dispose 3.8 million shares when none of lately Trop daily trade is 3.8 million shares?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5977957
https://klse.i3investor.com/servlets/stk/rec/5401.jsp
2018-11-20 03:06 | Report Abuse
Even after so many disposals why DT still own 63% Trop?
2018-11-20 03:04 | Report Abuse
Why under PH still same? What for change govn?
Alex™ bumiputera right!
16/11/2018 23:51
2018-11-20 02:40 | Report Abuse
FGV is looking for new CEO in 3 months. Question is can Chinese become GLC CEO in new M'sia?
Posted by griezmann > Nov 19, 2018 09:11 AM | Report Abuse
Below book value already... can't go lower than this... govt may have some plans in store...
2018-11-19 19:05 | Report Abuse
TM records highest number of user complaints - MCMC
https://www.malaysiakini.com/news/452545
2018-11-19 04:54 | Report Abuse
Property big boys suffer sales loss while Ewein sales on the rise? Why not they launch takeover like Scientex? Must ask for premium min 50% hehe.
2018-11-19 04:51 | Report Abuse
Mah Sing sales drop because Penangite buy Ewein property?
2018-11-19 04:50 | Report Abuse
Not all same. Penang island property still do well.
Faiza Property counters better dont touch
Cant sell; expect toughh time
17/11/2018 11:39
2018-11-19 04:49 | Report Abuse
Profit drop 30% YOY why up 3 sen?
2018-11-19 04:48 | Report Abuse
OTHERS MULPHA INTERNATIONAL BHD ("MULPHA" OR "COMPANY") PROPOSED DISTRIBUTION OF UP TO 90,327,000 ORDINARY SHARES IN MUDAJAYA GROUP BERHAD ("MUDAJAYA") ("MUDAJAYA SHARES") BY WAY OF DIVIDEND-IN-SPECIE TO THE SHAREHOLDERS OF MULPHA
http://www.bursamalaysia.com/market/listed-companies/company-announcem...
2018-11-19 04:47 | Report Abuse
1 Focus and/or 1 DGB for 10 Fintec why nobody ask from Fintec can any1 explain?
2018-11-19 04:44 | Report Abuse
Fintec is not Mulpha but sure can do what Mulpha do. Dividend in specie Fintec can give incl Focus, DGB, etc shares.
2018-11-19 04:41 | Report Abuse
Approve IDSS to crash stock market Bursa CEO has done a good job? Why PM(PH) die-die must keep him? PH want to suffer loss like BN in GE15?
2018-11-19 04:39 | Report Abuse
School holiday coming? Parents will bring their children to Genting enjoying new indoor theme park?
2018-11-19 04:34 | Report Abuse
KWAP just changed their CEO. New CEO cannot practised same like old(appointed by Najib)?
Posted by tecpower > Nov 19, 2018 12:38 AM | Report Abuse
KWAP sold some Kesm shares this month, but they sold Inari and Pentamaster shares as well.
2018-11-19 04:21 | Report Abuse
Agree. Likely weaker YOY so delay?
firehawk still dun want to announce QR ... let everybody intenses their gan jiong ......
18/11/2018 10:44
2018-11-18 23:35 | Report Abuse
IPO SapNrg(2012) should be 30 sen(not RI after 6 years IPO)?
2018-11-18 23:34 | Report Abuse
Blame Tajuddin Atan(Bursa CEO for Proroy(SapNrg long term shareholders) loss)?
2018-11-18 23:29 | Report Abuse
Bursa CEO should not only take care Bursa(1818) share price only but also all counters approved for listing. Why approved their listing if investors can suffer loss?
2018-11-18 23:17 | Report Abuse
New chief for Bursa?
At Bursa Malaysia, the chief executive of a listed company has been touted to replace Datuk Seri Tajuddin Atan, who is due to complete his term as chief executive in March next year.
Speculation is rife that the new name did not come from the finance minister directly but other departments within the ministry.
Read more at https://www.thestar.com.my/business/business-news/2018/11/17/new-appointments-suggest-hidden-hands-at-work/#jXj0WpSyFa5l3QbX.99
2018-11-18 22:56 | Report Abuse
TM must explain high charges for Streamyx, says Gobind
https://www.themalaysianinsight.com/s/112174
2018-11-18 22:53 | Report Abuse
Nurul Izzah: No guarantee of a Harapan victory in GE15
https://www.malaysiakini.com/news/452415
2018-11-18 22:53 | Report Abuse
Felda settlers now wary of PH like BN?
2018-11-17 00:10 | Report Abuse
Next year minimum wage increase why is good?
2018-11-16 13:26 | Report Abuse
Will C58 become 0.005 or even 0 next year?
Adrian Tiong Meng Wei Buy c58 la.. lowest exercise price and lowest premium and longest expiry.. apa lagi u mau?
16/11/2018 12:26
2018-11-16 13:22 | Report Abuse
If no push why LKT and others want to convert W at 7.96?
2018-11-16 10:33 | Report Abuse
Loss QR also push up? How to know which stocks cheap?
Stock: [AIRPORT]: MALAYSIA AIRPORTS HOLDINGS BHD
2018-11-23 11:31 | Report Abuse
PSC increased during BN ruling so PH must reduce to show they are caring govn?