IronShirt

IronShirt | Joined since 2015-05-27

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1 month ago | Report Abuse

Based on the disposal price of RM265.48 million and a book value of RM148.05 million, the group will recognize a one-time profit of approximately RM117.43 million in fiscal year 2024.

Management estimates that the transaction will be completed in the first quarter of fiscal 2024. At the same time, it also plans to offset the loss of Kaiserkorp's profit contribution by expanding its existing manufacturing and infrastructure investment portfolio.

At the same time, the group will also pursue complementary investment opportunities consistent with its growth strategy.

We maintain our profit forecast for fiscal years 2023 to 2025. However, due to annual interest savings of RM9.58 million due to loan repayments, there will be an upside surprise in profit performance.

We raised our rating from "neutral" to "short-term buy" and raised the target price by RM1.25 from 77 sen, equivalent to a price-to-earnings ratio of 32.9 times.

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2 months ago | Report Abuse

Omicron is back, South Africa versions plus 2 wars + Myanmar. AA trouble endless

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2 months ago | Report Abuse

Kuala Lumpur, 30 November 2023 – FTSE Russell and Bursa Malaysia Berhad (“Bursa
Malaysia”) today announced two constituent changes to the FTSE Bursa Malaysia KLCI,
following the semi-annual review of the FTSE Bursa Malaysia Index Series. The index series
is reviewed semi-annually in accordance with the index ground rules.
The FTSE Bursa Malaysia KLCI, which is part of the FTSE Bursa Malaysia Index Series, is widely
used by investors as the primary benchmark for the Malaysian capital market, including the
derivatives market, through the FTSE Bursa Malaysia KLCI Futures (“FKLI”) and the FTSE
Bursa Malaysia KLCI Options (“OKLI”) products. The benchmark index is also tracked by
several index-linked financial products, such as exchange-traded funds.
Changes to the FTSE Bursa Malaysia Index Series semi-annual review for December 2023 are
as follows:
1. FTSE Bursa Malaysia KLCI
No. Inclusions Exclusions
1 YTL Corp Dialog Group
2 YTL Power International Westports Holdings
2. FTSE Bursa Malaysia Mid 70 Index
No. Inclusions Exclusions
1 Bank Islam Malaysia Berjaya Food
2 Dialog Group Duopharma Biotech
3 DXN Holdings Hengyuan Refining Company
4 Malayan Cement Hextar Technologies Solutions
5 OSK Holdings Hong Leong Capital
6 Sunway PMB Technology
7 UMW Holdings SAM Engineering & Equipment Malaysia
8 WCE Holdings SKP Resources
9 Westports Holdings YTL Corp

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2023-10-19 14:52 | Report Abuse

2 months is more than enough for Bursa to give an opinion on PN17 up liftment. People have to say 3...4mth
How now?

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2023-10-16 18:56 | Report Abuse

submitted on 20July for upliftment exactly 3months on Friday. 90 days just to say Yes or No. Gaji Buta

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2023-09-26 10:48 | Report Abuse

market will price aax to its current asset value after mr goreng left

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2023-09-17 10:40 | Report Abuse

Like Scomi, AA is given up to 3 years to settle financial issues. PN17 Relief period 8/7/20 to 7/1/22. Foot
Dragging further to Sept 23 which is 18months extension more. No further extension expected. Given
the prompt response of Bursa, AA should already received a Letter from Bursa on PN17 status. Maybe
Tony request BN for help??

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2023-09-01 18:14 | Report Abuse

aax requests PN17 Upliftment seems to hit a brick wall. 4-6weeks is enough for Bursa to make a decision.
Any time more means Bursa request more proof. Aax management has missed crucial requirement

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2023-08-26 10:52 | Report Abuse

2019--2Q results. Revenue 1 billion, net loss 200mil
2023--2Q results( pending) say Revenue 1 billion, net Gain maybe 20--30mil ( include impairment gain 200mil )
forex loss possible ( 10--20mil )

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2023-08-21 18:11 | Report Abuse

good results always release early. average results release as scheduled

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2023-08-10 10:35 | Report Abuse

20July submit / asking Bursa to Lift regularising plan. No news yet??. Reason is very vague, good biz, no need
to submit regularising plan. If approved, all PN17 co will use same technic

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2023-07-11 14:56 | Report Abuse

no movement

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2023-06-15 10:48 | Report Abuse

The Group of Bankers supporting AAX will move to Sapnrg after their Job are finished. Same modus operandi
Double or triple price and than RI in 2024

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2023-05-18 10:21 | Report Abuse

big fish already cornered kps shares, now use State election to goreng

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2023-05-18 09:23 | Report Abuse

Need 62 Trillion to switch from Oil to other Green Energy, who pays for Africa Countries??

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2023-05-14 14:25 | Report Abuse

from bankers, i heard PNB has achieved 51% stake in SAP. Can pass & win any proposal including merger with
MHB. We never see PNB buys SAP shares in Market compare with Velesto. Just good hiding &Trading Skill

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2023-05-12 10:01 | Report Abuse

yellow submarine lost propeller

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2023-05-11 17:03 | Report Abuse

Not conman but Bank sell margin account. Straight Dump after 2:30PM

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2023-05-01 18:59 | Report Abuse

my bank colleague told me, even 2 months before they hit Serba with liquidation, bank legal Dept already
fully engaged with lawyers. Why his boss is so quiet as with Sap.,??

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2023-03-30 17:03 | Report Abuse

BAT dividend yield is still 7.8% at 11.00.

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2023-03-30 14:30 | Report Abuse

SAP will put white knight inside regularisation plan, no mention that white knight has withdraw support

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2023-03-30 14:13 | Report Abuse

SAP used MIDF investment Bank for regularisation plan which strong in Sukuk and has good relation with
many Gov GLC. Looks like a Gov bailout. Regularisation Plan will take 3 months, most likely Exit PN17 in
June or July

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2023-03-16 10:05 | Report Abuse

going to 10sens by 31 May. Endless PP? Suppose to be cash rich Co. Who siphon off the Cash?

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2023-03-13 14:44 | Report Abuse

Lewis Lee
Stay away from Sapura , last I read the restructuring will involved share consolidation of 20 to 1 !!
___________________________________________________________________
Nobody knows you dont understand stock market until you try to explain what is consolidation?

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2023-03-12 09:41 | Report Abuse

Guess what? why SAP request only 3 months for Court extension for 22 subsidaries. 1.80Bil enough for
KFC and satay All nite---------Tomolo 45sens

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2023-03-12 09:38 | Report Abuse

March 11, 2023

(Kuala Lumpur, 11th) Sapura Energy (SAPNRG, 5218, main board energy stocks) finally found a "white warrior", who is expected to inject RM1.8 billion to assist the company in its restructuring.

According to the report of the financial weekly "The Edge", when reading the court documents, it was found that Sapura Energy received a letter on the 15th of last month, stating that a "white warrior" intends to provide funds for the company, but there are conditions attached.

With the addition of the "White Warrior", the company is waiting for an opportunity to launch a new plan to restructure its RM10.3 billion debt.

The additional conditions include that the relevant amount and regulations will be discussed and implemented by the two parties again, and at the same time, it is necessary to agree to adopt a multi-currency financing plan.

Still, the "White Warrior" is not named on court documents, so his identity remains a mystery.

According to multiple sources, the "White Warrior" is expected to come from an oil and gas company in the Middle East. It is believed that a series of negotiations began in November last year.

In response to the matter, the representative of Sapura Energy said that once there is the latest restructuring progress, it will inform Bursa Malaysia, the market and the media as soon as possible, but did not disclose the identity of the "White Warrior".

On the 8th of this month, the High Court announced that Sapura Energy and its 22 subsidiaries had obtained a new court order, prohibiting creditors from taking legal action against the company within three months.

During these three months, both parties also need to hold a meeting with each creditor, so that the company can carry out debt restructuring work with creditors without being distracted by legal disputes.

Sapura Energy Chief Executive Officer Datuk Mohd Annuar Thai said in a statement that despite the limited working capital and the challenging macroeconomic environment, the company's financial performance has improved significantly compared to the previous year.

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2023-03-07 18:24 | Report Abuse

alot of pressure by Bank Negara for Lenders to accept package deal. Postpone another 6 months are for
bank investors EGM and then SAP egm. Very close to done deal. You see SerB cannot even offer similar
deal, but owe 13bil

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2023-03-07 10:12 | Report Abuse

Looks like no RI for ikan bilis and PNB, All 10billion will be recycled into perpetual paper loans, convertible into
shares. Bankers pump up shares price and unload?? However Sap still need cash injection from Anwar.
Anyway the moment Bankers make acceptance speech, price will leap 10fold from current price.

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2023-03-07 10:04 | Report Abuse

Out of every RM1 in liabilities owed, roughly 25 sen will be refinanced. Another 20 sen will be converted into perpetual non-tradable in-kind notes with a 5% coupon per annum. The perpetual paper is convertible into ordinary shares of Sapura Energy in its fourth year.

The remaining 55 sen will be converted into perpetual non-tradable zero-coupon notes issued by Sapura Energy, which will then be converted into shares in its subsidiaries, namely Sapura Drilling Sdn Bhd, Sapura Technology Solutions Sdn Bhd and Sapura Geosciences Sdn Bhd, in the fourth year.

The obvious next question is whether the lenders taking part in the scheme of arrangement would see large provisions that could drag down earnings in the upcoming quarters.

The financiers involved in the multi-currency facilities (MCF) agreement are Maybank Islamic Bank Bhd, CIMB Bank Bhd, RHB Bank Bhd, AmBank Islamic Bhd, Export-Import Bank of Malaysia Bhd, United Overseas Bank Ltd, ING Bank, Standard Chartered Bank and Sumitomo Mitsui Banking Corp.

Analysts contacted by The Edge say they do not think the troubles at Sapura Energy would significantly impact the banks involved.

“Sapura is not a new account and the development is not fresh per se. They [banks] have been putting in provisions even before this [latest development]. So the level of provisions should be sufficient,” says Hong Leong Investment Bank analyst Chan Jit Hoong.

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2023-03-05 16:52 | Report Abuse

Bailout are normal. Every Country bailout their Airline during Covid. Except AA, no political support

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2023-03-05 16:23 | Report Abuse

since Jan 2023, PNB has submit a regularisation plan. If 80% of banks accept than a small injection from
Anwar will kick start regularisation. PNB=Maybank

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2023-03-02 18:52 | Report Abuse

next 6 months find a scapegoat, ends in political rescue / settlement. All bankers want it this way
Which part of loan bankers does not know. This is a 3year continuously kicking the can down the road

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2023-03-02 17:01 | Report Abuse

best Malay proverb for SAPnrg, " ditelan mati emak, diluah mati Bapa " PNB biggest Headache

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2023-03-01 10:52 | Report Abuse

from 0.275 down to 0.20, All Sold yesterday to syndicate. Almost empty upstairs, no parking to Sell.
When price recovered in 2 weeks, Big Fat Belly are cashing in

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2023-02-25 15:04 | Report Abuse

Ular gone meh?? Maybe shed skin and become cacing

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2023-02-25 15:01 | Report Abuse

goreng whole 2023 maybe arrived RM1.00

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2023-02-19 16:18 | Report Abuse

BursaVulture
Jan 2023 Malaysian vehicle sales down by 35% – MAA
___________________________________

Not every car manufacturer lost 35%. Most likely Perodua And Proton lost most, the total Drop(35%) is a
Sum of All, not individual Co.

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2023-02-16 10:44 | Report Abuse

Once consider a *high tech Co*....now more like chisel and hammer Operator or pasar malam nasi lemak Operator

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2023-01-17 12:33 | Report Abuse

sap stays at 0.04 for almost One year. most sellers already burned off. Next range is between 0.15--0.16

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2023-01-17 11:21 | Report Abuse

hard to say today will go down, buy volume 30mil at 11am. Alot ikan bilis are entering

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2022-12-16 09:39 | Report Abuse

true to what bankers will react to these type of nonense. They unload quick. Vol is shouting lelong

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2022-12-15 18:33 | Report Abuse

someone here even said some good news coming from arbitration even before today announcement.
Tomorow might see Bankers selling......they dont like these type of rubbish

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2022-12-15 18:22 | Report Abuse

At first Glance previously, we thought China side will provide money and Orders to Silterra. Now it looks like
the Silk Road's intention by the Chinese Side----They want to Control the Board. Arbitration!!Arbitration!!!
Really Chinese side no Good intention

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2022-12-14 09:12 | Report Abuse

https://news.yahoo.com/analysis-chinas-massive-older-chip-202813160.html
China massive push into 28nm Chip will cut Dnex profit margins substantially. China just wants to control
market, dont care about profit. Is Dnex a Sell ?

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2022-12-13 09:30 | Report Abuse

as i said before, market will negate SD 40sen. Price now 3.50. Gamuda needs a massive infar. boost from Anwar
budget next year which will not come. Money will be used to support economy( handouts) and social program.
When you see EPF and KWSP started dumping, you know something is wrong

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2022-12-03 16:57 | Report Abuse

Not much Hope Insas can beat OskH on 31Dec

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2022-11-26 18:06 | Report Abuse

Marked today price 0.73. If you buy 29Nov @ 0.73, and on 9Dec, price drop to 0.665, you gain Nothing from
0.065 Total Dividend.
Just like Gamuda, give 0.38 SD but at Ex-Date lost all dividend. I think this will happen as KWSP keep selling