Tomorrow rally again on the positive outlook
https://www.thesundaily.my/business/icon-offshore-delivers-profits-of-rm59m-for-2qfy2023-FE11407277

Parabolic rally!

Let’s go 😄

Sapura already rally. Icon next

Sleeping beast

Attempt to break 6 cents resistance

PNB would push SAP above 10cents. Just wait and see

Shooting stars soon

Sapura TP 10 cents near term.

CNY huat

Big pump

All O&G counters are slashing debts with earnings, eventually share prices will increase with improved profitability. With ICON exiting their rig in town, other rigs are renegotiating their rates with operators in region.

Sapura terbang as sentiment for BN winning is higher. Watch for whales positioning as early birds.

Another sue this person drama will start soon

Strong sentiment can push to 6 cents this week, and long term before next QR cycle past 10 cents

Wow, much awaited news from lenders support!. No wonder support volume go thicker today on insider news. Tomorrow break 5 cents for sure. If lending warranted by BNM, hot news wo!

https://www.thestar.com.my/business/business-news/2022/09/05/sapura-energy-cdrc-to-mediate-debt-revamp-with-lenders-operations-to-run-as-usual

Sapura brewing for another goreng season soon. Collect ticket and wait for pump

0.05 to 0.075 in few weeks already 50% lor. Buy low sell high :)

Today to flush panic sellers out, then this week fast buy again to 6-7 cents, just watch. They play this to flush panic sellers and FOMO buyers to make margins. I collected some to ride on buy. Let’s see

50-50 Najib to get Royal pardon.

Nicely done, now they can focus on improving their profitability and optimise cost

Sapura is involved in IRDC tenders. Petronas and MPM support

Gloves down, Medical stocks down, next Energy stocks big rally.

Gloves down, Medical stocks down, next Energy stocks big rally.

Whales playing test the water game. They move the needle and let big pocket retailers to quit early. The whales then keep accumulating with this cycle before next big push. Just ride along as usual.

Falling knife. I didn’t enter yet, waiting for good price to pivot

Mid term TP 0.10, long term 0.50

When the whole market think Sapura would sink, that’s the time the share goes up beating those expectations. Next Quarterly earnings will rally the price above 10 cents (short term). Long term play above 50 cents

https://www.theedgemarkets.com/article/sapura-energy-completes-disposal-rm318-mil-vessel

Already said, just chill and enjoy your Big Mac

PNB load up shares again, prospect looking good.

Just chill. Pay day coming soon, collect low sell high.

Clear 5 cents

Sapura and Velesto still looking yummy. Just a matter time before they become honey.

Oversold triggered, Retrace back above 10 cents soon.

Chill la, goreng news coming

Gap up on new shareholders sentiment and market may bet on MOF agents.

Next goreng news potentially brewing;
1) Petronas qualifies Sapura bids on financial standpoint
2) Petronas awards/extends upcoming IRDC projects to Sapura again
3) MOF issue statement special grant in progress
4) Najib tweets / fb post on Sapura again
5) Election favouring BN
6) PNB and Petronas stake and holding transfer
7) Shahril increase holding
8) Lenders extend support for long term loan facility
9) Mergers / Consortium

Yeah, PNB need to uplift the investors sentiment so they can cash out near their position also, :) That’s long way up

Let’s go! Pass 10 cents again in the near future :)

Raymond, what you’re taking about man? I did not reiterate those write back would implicate share price. It is up to the market to decide the share price valuation based on its balance sheet and P&L. No doubt cash earnings is a deciding factor of Company health, but don’t forget that the general public have misinterpreted 8B loss, as earnings, instead of impairment loss. Not many has finance 101 knowledge.

Which means, it’s just time before Sapura write back its impairment, which means next quarters they can easily report billions in earnings as asset appreciates with current market outlook,

Read this;
Semalam, syarikat AirAsia X melaporkan keuntungan RM33.6 bilion bagi suku 3 tahun 2022 ini - iaitu keuntungan paling besar dalam sejarah korporat Malaysia.

Ini adalah sebab syarikat tersebut telah "menulis balik" (write-back) bahagian besar kerugian-kerugian amat besar yang dicatat syarikat tersebut setelah melakukan susut nilai serta kemerosotan nilai aset (impairments) ke atas aset-aset mereka ketika pandemic.

Ketika pandemik, aset-aset mereka dikatakan tidak bernilai sebab tidak boleh digunakan dan tidak menjanakan sebarang cash-flow.

Sebab itu syarikat tersebut membuat keputusan untuk merosotkan nilai-nilai aset dalam buku dan mencatat kerugian amat besar ketika pandemik.

Namun kerugian akibat proses merosot nilai aset masa itu adalah kerugian atas kertas ataupun accounting loss.

Kini, aset-aset mereka boleh digunakan dan mula menjana perniagaan semula. Proses penstrukturan semula AirAsia X juga telah selesai.

Dengan itu, syarikat tersebut terpaksa menulis balik kerugian akibat merosot aset untuk melaporkan keuntungan gergasi sebanyak RM33.6 bilion.

Begitu juga dengan syarikat Sapura.

Bahagian paling besar kerugian sebanyak RM8.9 bilion yang dilapor syarikat itu pada tahun lepas adalah akibat proses susut nilai dan kemerosotan nilai aset-asetnya setelah kekurangan modal kerja menghalangnya daripada beroperasi secara biasa setelah bank-bank menarik balik kemudahan kewangan bagi mereka.

Maka cara paling mudah untuk menyelesaikan masalah kekurangan modal kerja dan kemudahan bank supaya syarikat itu boleh beroperasi dan menggunakan aset-aset tersebut untuk menjana semula cashflow.

Masalah jangka masa pendek ini boleh diselesaikan dengan jaminan kerajaan kemudahan bank kepada Sapura ataupun Petronas mengambil alih secara sementara.

Ianya bukan diselesaikan dengan cara menjual aset-aset paling berharga Sapura kepada orang asing dengan harga murah SETELAH aset-aset itu telah dirosotkan nilai.

Sekiranya, masalah kekurangan modal kerja Sapura ini diselesaikan, aset-aset Sapura bakal menjana pendapatan yang tinggi pada ketika permintaan sektor minyak dan gas dunia semakin naik ke paras tertinggi.

Hampir kesemua aset-aset Sapura yang pernah dirosotkan nilai sedang diperlukan dan dikejar syarikat-syarikat minyak seluruh dunia setelah harga minyak kini semakin catat paras tertinggi.

Dan Sapura akan terpaksa untuk menulis balik bahagian besar kerugian yang dicatat sebelum ini sebagaimana dibuat AirAsia X.

Jangan short-term sangat, people. Nanti kita kesal hari kemudian.

Fokus untuk menyelesaikan masalah utama - bukan fokus pada jual aset-aset kepada orang asing dengan harga murah.

"30 May 2022: AirAsia X pivots to profit with RM33.6bil write-back in 3Q"
https://www.theedgemarkets.com/article/airasia-x-posts-rm336-bil-3q-net-profit-thanks-writeback

BIMB : Result Review

Sapura Energy: Forging ahead with its turnaround plan

BUY | RM0.12

Sapu je la. No need to worry, optimistic that the Company will improve its working capital and profitability with the available order books and upcoming bidding exercises.

Sapura already reported so much impairments during the downturn last year, and now those asset value a lot more in current prospect. Financially speaking, their asset book is healthy. As long as they maintain working capital, they can survive this upturn market easily. People are rushing to capitalise current outlook, and willing to pay expediting fees

https://oilprice.com/Energy/Crude-Oil/Exxon-CEO-Warns-That-Consumers-Will-Pay-For-Hasty-Energy-Transition.html

Once 5 cents sellers done, whales push up next few days.

Whales collecting at 5 cents for next big news

Congrats to those able to catch 0.045 earlier. Price action would be volatile today with the good news on hand. Let’s go!