Result review
Sapura Energy - Another Round of Impairment

BUY | RM0.08

Sapura Energy 4QFY23 headline loss of RM3.3bn was impacted by non-core items including (i) forex loss of RM396mn, (ii) impairment of goodwill of RM1.46bn and (iii) impairment on PPE of RM1.16bn. Excluding these items, core loss was lower by 76% YoY at RM286mn driven by higher revenue across all business segments (Table 2). On QoQ basis, core loss rose by 91% however. This was due to its share of loss from SapuraOMV of RM333mn which also arises due to asset impairment.

Orderbook fell further to RM5.6bn (3Q23: RM6.8bn) as the company struggled to replenish its orderbook in Engineering and Construction (E&C) segment due to unavailability of bank guarantee. Currently, the company has unrestricted cash balance of RM700mn which will be available for new project tender that is worth RM21.2bn.

Maintain a BUY call on Sapura Energy but with a lower TP of RM0.08 (from RM0.12). We expect a favourable outcome from its proposed restructuring plan, leveraging on the upcycle in O&G offshore projects. Key risk to our call and TP is potential dilution from debt restructuring plan.

https://www.youtube.com/watch?v=eB2Ho0e4UYg

How God Father protect his Investment.

"Grandpa, how are you going to make the bully stop?"
"Don't worry, I'll make him an offer he can't refuse."

What do you mean Grandpa?

Positive promoter vs Negative promoter.

Positive promoters > Negative promoters, price goes up
Negative promoters > Positive promoters, price goes down

Trading 101..

What is wrong defending a Malaysian Companies?

Sap is one of the 3 turnaround companies that Mabel loves to see a complete turnaround just like Serba and Dnex. Besides, it is an excellent place to test Mabel's trading skills since these counters attract volume with Sharks and Whales..

There are over 100 stock investing and trading strategies, the "best" is always the one fits into one's personality. "Honey" or "Poison" is always a choice depending on personality, similar to many medicines could be a poison if applied to wrong patients.
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Most of the well-known investors are known contrarian investors, eg. Warren Buffett, Jim Rogers, Benjamin Graham, John Templeton, etc, demonstrating "Buy Low Sell High" does work. However, for the same strategy to work for you, need to learn the conditions for applications…

Mabel was there to catch " Salmon" in very murky water. Either you are In or Out. You have to burn your Textbooks if you want to Fish here...

Even putting your money in a cemetery is not safe these days. Someone even lose 60% in that cemetery. You wang to be safe better put your money in FD and don't play with Stock Market.

Meow

Negotiation dgn creditors almost done.
Creditors agreed to take haircut and move on.

Court perlukan SAP buktikan at least 75% creditors agree dgn debt restructuring.

Debt 16Bil lps haircut jadi 4-5B
SAP jual asset + Whiteknight 1.8B cash injection utk setel kan debt

Whiteknight private placement at 0.035sen

Announcement expected to be made in Mid April regarding white knight and debt restructuring

Let's hope this materialise

Yes Huang have a nice weekend..

Take a good rest..

Let's see next week you can bring it down to 3 sen..

Full time traders mah...

Mummy always said don't listen to strangers

Huangbk72 Again.. dont assume I bought Serba.. like you assume Bob bought SAP.

LOL

We saw a hole in the ground. We diverted traffic away since 80c while ConMabel happily promoted and posted fake information.

Now its 2c. So you know who is correct, who is wrong.

As for SAP, ConMabel is starting to do the same thing.. Check out all his comments and do your own summary.

To say the same thing back to you... Always do your own research and assessment before defending anyone
07/04/2023 5:38 PM

Haha another half bake stories..

You want to know the fill stories go int9o the SD Forum..

Don't ;listen to this Bat Huang who lose 60% even in a dead counter..

Haha they are all lonely senior citizen, insecure chicken with massive unlimiting believes, totally blocked and lonely, anxiety, angry, losers, defensive, depressed, over thinking, victim, lonely, rejected..Total Losers!

Money already kena control by their home ministers...

How to swing down?

Sigh...Sap is still 4 sen...

Hello Superheroes...

Where is Mabel's 3 sen?

You know how to swing or not Full time trader?

You suppose to swing down...not up...

Sigh...Sap is still 4 sen...

Hello Superheroes...

Where is Mabel's 3 sen?

You know how to swing or not?

Swing Down ...Don't lah swing up..

How to be Investors, swing also don't...

Time for Siesta

Hopefully when Mabel wake up Mabel's 3 sen queue will be matched...

Yes... Focus on the swing ya...Not cum and cit chat here like DJ...we are not interested..We don't wang DJ, we wang White Knights...

CheriMeow

Hope Wang day Malaysia can export Salmon with Bat Huang initiatives. This is more productive since both of you does not know how to swing correctly...

Where is Mabel 3 sen?

Mabel so apy to see Huang has repented..

Better to be a Fisherman than a politician.

Haha Huang?

You still Sleeping ke?

Heard he cannot sleep last night..over thinking about Salmon..hihihi

Mabel, the Marine Biologist

End of Biology Lesson..

The salmon effectively transform their eyes into night-vision goggles, so they can see further into the murky water where they’ll fight like Mongols, mate like an old man since they don't have any holding power, spawn like young boy on his 1st night and eventually die like a corpse.

That's why they are so uptight and failed to see the big picture since they focus too much attention to KPGG Shop lot minute details.

The salmon compensate for this: A simple biochemical switch in their retinas gradually enhances their ability to see infrared light.

In rivers, flecks of mud and algae shift the underwater light away from the clear blue of the ocean and towards the red end of the spectrum.

Yes, their eyes become blur. That's why they tend to freeze like a monk when they are supposed to take Price action.

And one of the most dramatic changes, and perhaps the least obvious one, happens in their eyes for crying too much over the last 18 month murmuring Amaama, Amaama, Amaama.

The red muscles is aligned with their pink Panties are so useful for long-distance swimming are replaced by fast-acting white muscles that can power sprints and jumps (now you know why Blondi is still jumping like monkey singing Hibibi).

The males develop hooked jaws (too much shock for over dependent on their Cap Ayam software), and sometimes humps after swinging too much in the wrong direction this year

Their color darkens and reddens (too much stress after losing so much at Hibi, Armada and pmcorpes).

During these epic waterfall-leaping, bear-dodging migrations, their bodies change (like Bob turning into Blondi and Huang transforming into corpse).

As we speak now it's about time the salmon leaving the oceans and returning to the rivers where they were born. In fact their migration has started in November.

Haha here is a typical example where Huang said Mabel provide wrong information on the shareholders spread of Serba. Mabel's data at that time cum from paid subscription T20 data. Huang data cum pmcorpes gravestars with many flaw in it.


Time for Mabel the Biologist to give Huang the Fisherman some lesson:

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD

Dec 25, 2022 9:44 AM | Report Abuse

#Huangbk72 And dont be idi0t.. Salmon dont survive in murky water.. LOL

Basic knowledge also missing
21/12/2022 12:00 AM

Haha just because they lose doesn't mean everyone has to lose too..

Haha HuangHuangHuang
Jejaka pmcorp mengintai Mabel mandi di sini
24x7 megutuk Sapnrg setelah kehabisan wang
Mabel dan geng masih menunggu White Knight sambil Goyang Kaki..

Haha Blondi Cai Ayam sudah lama hilang
Yang tinggal cuma Bat Huang Si
Dari pmcorpse bergayut ke Sapura setelah kehabisan wang
Ada hati masih nak mengintai Janda Sapura yang sedang mandi

Hujan Emas 5G Techs sedang berkembang
Hujan Emas Banking sedang berlari lari
Hujan Emas O&G sedang bergelombang
Hujan Emas Sawit berbunga berseri seri

Haha Jawab jangan tak jawab Pantun Mabel

Let's see how good you are with Bahasa, our National Language..

Mabel the Straight 9 A1 Student

DatoKembara Mr. Huang, would you kindly provide us with specific instances where Mr. Mabel shared incorrect information? As a fellow SAP shareholder, I'm interested in knowing more about any potentially misleading details. Your input will be valuable in helping to validate the information. =)
07/04/2023 12:55 PM

HiHihi BTW Dato,

Mabel is a Gal....Now you know why Bat Huang is chasing Mabel across i3. He rindu oledi since Mabel left him..

Here is a typical example where Huang said Mabel provide wrong information on the shareholders spread of Serba. Mabel's data at that time cum from paid subscription T20 data. Huang data cum pmcorpes gravestars with many flaw in it.

Meow

Stock: [SERBADK]: SERBA DINAMIK HOLDINGS BERHAD

Dec 27, 2022 7:52 PM | Report Abuse

zoizai Those bising here are losers Serbadk dinamik shareholder. Hahahaha
13/12/2022 9:32 AM

They are like the same Portuguese that invade Malacca many many many year ago. They all failed their SPM History lesson.

Haha they are all lonely senior citizen, insecure chicken with massive unlimiting believes, totally blocked and lonely, anxiety, angry, losers, defensive, depressed, over thinking, victim, lonely, rejected..Total Losers!

Money already kena control by their home ministers.

BULL:- Always bullish, makes a lot of money.
BEAR:- Sometimes makes but most time loses.
PIG:- Every time ended up on the table being eaten.
CHICKEN:- Buys 1 lot but makes so much noise..

There are 2000 pages written about how Bad SD is by the 3 Stooges..

We are here to catch " Salmon" in very murky water. Either you are In or Out. You have to burn your Textbooks if you want to Fish here

Many oledi end up in cemetery (Huang and Uncles), hanging on the trees (Blondi and Aunties) and lose panties (Smelly and the remaining)..

There are currently 3 types of Investors in Serba:

1. Bonus Issues Investors
2. Pre July21 Suspension Investors
3. Post July21 Suspension Investors

The one that benefits the most is Category 1 who was awarded Bonus Issues, Dividends and took price action during Dec 2020 rally. 2nd is Category 3 who took massive price action during July 2021 rally and November 2022 Pull Back.

The Biggest loser are in Category 2 who freeze like Monks. They become Salmon and one of the most dramatic changes, and perhaps the least obvious one, happens in their eyes for crying too much over the last 18 month murmuring Amaama, Amaama, Amaama.

Lastly, let's take a look at the list of shareholders below:

Ownership Breakdown

Private Companies 0.8% 30,000,000 shares
State or Government 4.9% 180,500,000 shares
Institutions 12.6% 467,432,508 shares
General Public 31.3% 1,159,587,900 shares
Individual Insiders 50.5% 1,872,103,670 shares

Many State, Government, Institution Investors etc are still holding their shares. Mabel thinks once DK and his Team can comply to Bursa requirement it will be trading again. So in the meantime Mabel will Goyang Kaki and trade other counter lor like what happen last year..

Mabel, The Bonus Issues Investor.

Understand Huang how much you lost ? Ahya if you lost bcos of Mabel, ask your sifu for help. He maybe use his evaluation technique to help you recover. You just need to click follow. I am sure he will help you.
07/04/2023 9:19 AM

Haha His Sifu is also Cap Ayam. Lost so much and still hanging at Hibi singing Hibibi when people oledi locked profit at RM 1.30..

If he is nice to Mabel, Mabel could lend him some money to play in Stock Market..

Ya lor change in career is always good after losing so much in a dead counter like pmcorples. Sure will lose wang..Instead of taking price action he freeze like Monk. Now cum here wang to be DJ and Batman..

Poor Huang. Go and seek help to see Sifu Michael. We tango many times and we both make money in a number of counter. That's the best way to make money, we tango and learn from each other..

Cumming here to bad mouth Sap, like what you did in Serba will not change anything..Price has been steady with or without BatHuang and SuperBooB!

Understand?

Time for Mabel to continue Goyang Kaki..

If you still wang to be here, make sure you press the price down. Mabel is waiting at 3 sen...

Meow

Bat Huang cannot sleep ke?

Mabel as usual sleep like a baby...

Shoo Shoo Shoo..

Don't kacau us here..

We are waiting for White Night..

Certainly not Batman..

Meow

Haha Let's talk about fact..

Mabel invests in PN17’s Barakah made 800 %

Bat Huang invests in Non PN17’s pmcorp lose 60 %

Which is better?

Huang Huang Huang no wonder so jeles..now following Mabel across i3 (with half baked stories) just to sniffs her panties…

#BobAxelrod33 Gone from promoting to reveal the pain she is enduring from all the losses at TG, KNM, Parkson, Serba, Dnex and SAP. Stop making a fool of yourself! Everyone could see this longkang cat has also lost her mind and now completely deranged!

Mf longkang cat should know very well this is how karma works.........ouch!
06/04/2023 8:12 PM

Haha B40 Bobby Cai..

Another Old Man who got a strong crush on Mabel. If only he is nice to Mabel, Mabel could use a good driver..hahaha

Now cannot live without Mabel always following Mabel across i3 and walk 3 steps behind Mabel...hihihi

All those stocks are for trading mah..All sold except for Serba (2019 Bonus Issues Free Warrant) and Sap.

Mabel, the Nice Gal Next Door

Michael Kwok Big meow meow it lunch now.please go eat ur superfood.
06/04/2023 1:42 PM


Michael Kwok Got 97 followers.me give ang-pow.no need fight.
Buy catcha 27 cents
Tp 35 cents above
6/4/23 6.00pm
06/04/2023 5:59 PM

Yes Sifu Michael..

Mabel had a great lunch with my Handsome T20 Boyfriend.

Wah Sifu really smart. Really luv your TP..

If only the two B40 Stooges take a lesson from Sifu Michael they will not be crying here 24x7...

Enjoy your stay Sifu..

Mabel, the Elegant T20 Gal Next Door...

Sigh...

Still cannot collect at 3 sen...

What can you expect from B40 Superheroes?..

Ask to swing down, they go swing up..

Now Sap is oledi Profit in Mabel P&L...

Life is so beautiful...

Meow

Huhuhu....

Batman and Superman don't know how to swing...

So Sad...cannot collect at 3 sen...

Batman and Superman swing wrong direction...hihihi

Not up mah...

Sigh...Mabel ask you to swing to 3 sen...

Not to Swing to 4 sen...

Why price up?

You suppose to swing down ..

today no panties ke?

Haha What happen to the Superman and Batman?

TalkNumberOne Meow meow why share so long winded story already? You influenced by old man lo. Hahahha I go collapse no collapse become spam. I don’t know what to call for old men work every second here in the forum
06/04/2023 11:46 AM

Hihihi...

T#1..Mabel wrote long winded becoz these two old B40 stooges cannot read wang...they all failed BM..

See told you oledi...Sap is still 4 sen..hihihi

Now Mabel will continue to have nice desert with my Mabel T20 Boy Friends... Mabel loves ice creams. So today Mabel will go for these yummy häagen-dazs ...Hmmm...Double Belgian Chocolate Chip, Mint Chip and Dulce de Leche..

This is how T20 Investors lifestyle. Feel sorry for the B40 Old Men who have to work 24x7 including weekend..

Life is so beautiful..

Talk to you later ya..

Looking forward to see a surprise Gift of 3 sen when Mabel is back...Don't be naughty ya..

Meow Meow Meow

PETALING JAYA: Buying interest in Malaysian oil and gas stocks will likely pick up further momentum on anticipation of higher crude oil prices over the medium term.

This comes amid the recently announced production cuts by the Organisation of the Petroleum Exporting Countries and allies (Opec+) taking effect from next month.

According to CGS-CIMB Research, the development will, in particular, benefit services providers for the oil and gas sector.

In its report yesterday, the brokerage reiterated its “overweight” recommendation on the overall oil and gas sector, citing improving outlook.


“Indirect beneficiaries of higher oil prices include the drilling and floating production, storage and offloading (FPSO) players that provide services to the upstream players; higher oil prices could extend the bull market in capital expenditure spending and feed through to the demand for services,” the brokerage wrote in its report yesterday.

Life is soooooo beautiful...

The 1998 World Cup

And Coca-Cola was one of the event's biggest sponsors.

July 1998...

It was summer and France was hosting one of the biggest events in the world.

The World Cup.

Under the summer sun, imagine slurping down a bottle of ice-cold, thirst quenching Coca-Cola..

Heavenly...

And Coca-Cola being Coca-Cola, had positioned itself in front of:

- Over 2.75 million live spectators in the stadiums...
- Over 24 BILLION cumulative TV viewers.

It's no surprise that Coca-Cola is the most popular soft drink in the world.

Coca-Cola...

A company backed by the Oracle of Omaha Warren Buffett himself...

A company that has over 112 years of history...

Yes, it's a great company!

So what could go wrong?

Invest in the company... and... HOLD FOR THE LONG TERM.

Fast Forward Today...
22 years later after the 1998 World Cup...

Coca-Cola is trading at $48.42 (as at Aug 2020)

If you had bought the stock then, you would have made an incredible investment return of 16.05%!

16.05% ROI. Yup, this is the TOTAL return...

Sure, you've made a profit...

But at 16.05% for 22 years...

That's 0.68% compounded growth per annum...

It can't even keep pace with the inflation we're facing...

Ok, I get it...

Coca-Cola is a dividend company...

Add in the total dividends ($22.69) collected over the last 22 years

It still adds up to be about 50.3% in TOTAL return...

That's still just 2.34% per year... (Less than even the interest of your CPF)

And inflation is at about 3 - 4% a year...

So What Went Wrong?

Coca-Cola...

GREAT company...

The long-term buy and hold strategy...

Successful Investing is NOT just about buying good companies...

It is also NOT just about buying good companies and holding them for the long term...

It is however...about BUYING STOCKS WELL.

Or more specifically, It's about buying stocks well below its actual value.

In other words, never OVERPAY for a stock.

Now you know why all the B40 Old Men are all here.They are so jeles with all the Young Smart Investors like who are smart to collect this company at dirt cheap value price...

Talk you later ya as Mabel has a lunch date with a handsome T20 Gentlemen.

Looking forward to see a surprise Gift of 3 sen when Mabel is back.

Don't be naughty ya..

Meow

Haha looks like the two super Panties Outside men swing wrong side again...

BatHuang and SuperBooB please lar do your job..

How cum still 4 sen?...

Like that Mabel will continue to Goyang kaki ...

Sigh...

#Huangbk72 Wow.. the sore loser from Serba.. No Understand is also here.. LOL

Same dumbo cluster..

Pitiful
05/04/2023 8:51 PM

Haha BatHuang still here ke?

Sap is one of the 3 turnaround companies that Mabel loves to see a complete turnaround just like Serba and Dnex. Beside, it is an excellent place to test Mabel's trading skills since it usually attracts the Sharks, the Whales and the B40 Uncles and the Aunties who wang to be Superman and Batman after buying at IPO..hihihi...

Haha Uncle talking about you ke?

If you scroll Serba Forum everything about Serba is bad for Uncle Huang and 99% of his post is badmouthing Serba

If Mabel really lose 99% in Serba as Uncle proclaim, How cum Mabel is still so passionate about Serba?

Haha just because you loose doesn't mean everyone has to lose too ..

Life is so simple, only uneducated B40 like Uncle Huang and Bobby Cai make it so complicated..

Haven't you heard the latest on Serba? They got extension. Looks like Mabel 2019 Bonus Issues Free Warrant will be productive soon. Too bad all your badmouth fail to delist Serba..

Shoo Shoo Shoo..Please go back to Serba as your job is still not complete..

We are waiting here Goyang Kaki waiting for our White Knight..

Meow

Hihihi.

Cheers Understand!

Sigh...

Still cannot collect at 3 sen...

What can you expect from B40 Superheroes?..

Ask to swing down, they go swing up..

Now Sap is oledi Profit in Mabel P&L...

Life is so beautiful...

Meow

Haha T#1..

His team is only one 72 years old man...Huang72..

Hihihi