Yeah.. Superstupid Bullshit11 Soh Chai can now vommit at his Sailang Supermx shares.

Nevertheless, epf sell-off is reducing..
at least no longer in huge 10-20m chunks of shares daily.

Epf shares disposal announcement usually comes a week later.

Today happy enough.. 2.5sen profit done :)

HAPPY CNY..!!!

Superbullshit11
Lu punya supermax sudah koyak kaw kaw.. nasib baik tak beli liaww.

sold some at 695 happy enough..
tonight can makan kambing valentine.

Happy CNY to all :) :) :) Cheers!

Next week will continue the good trade again.

asi EPF sell a bit first.. they need money to rebuild the burnt branch mah.
Later 4.30pm another round of borong buying.

EPF shares in Sapura has reduced to 400m shares left (just under 7%). Sell off should end soon.

Buying interest looks good at 67sen.. thats a good bargain price. Good support. Hope it sustain.

Yes.. only EPF sell off. Otherwise this is a great counter.

Sapura leads race for Pegaga turnkey award

http://www.upstreamonline.com/hardcopy/1383487/sapura-leads-race-for-pegaga-turnkey-award

Sapura Energy’s engineering and construction division is in pole position to land a significant turnkey contract for work on Mubadala Petroleum’s Pegaga gas development off Sarawak, east Malaysia. Pegaga is one of the few current Malaysian offshore oil and gas developments but is one of the largest.

The main prize is the engineering, procurement, construction, installation and commissioning of a large central processing platform, with a 12,500-tonne topsides, 7000-tonne jacket and 3200 tonnes of piles.

The platform will feature a 12-slot drilling deck, a 50-person living quarters, and has been designed to produce between 400 million and 600 million cubic feet per day of gas.

It will be located in 110 metres of water in Block SK320 off Sarawak, and the floatover method of installation is understood to be favoured. Only two companies were invited to bid for the contract — Sapura Energy and Malaysia Marine & Heavy Engineering.

They are the leading exponents of big platform fabrication in Malaysia. Bids were submitted some months ago, and sources said Sapura — with the support of WorleyParsons — is well positioned for the contract. Both companies are desperate for a major new contract given their depleted order books and lack of ongoing work in their yards.

Sapura is insulated somewhat by its other divisions — its oil and gas production segment, its transportation and installation subsidiary and its drilling segment. However, the company's recent market forecast was sombre, saying it remained “cautious on the outlook of recovery in the industry's capital spending”.

Activity levels would remain subdued in the near term and competition would remain intense. Sapura recently agreed with Subsea 7 to discontinue the SapuraAcergy joint venture, which resulted in Sapura becoming the sole owner of the Sapura 3000, a self-propelled dynamically-positioned heavy lift derrick and pipelay combination vessel.

This was viewed positively by Malaysian security analysts, as the vessel would enhance Sapura’s competitiveness in the engineering and construction business. The vessel has worked in numerous countries, and also carried out landmark workscopes at Malaysia's first two deep-water projects — Kikeh and Gumusut-Kakap.

Abu Dhabi-headquartered Mubadala last September awarded Aker Solutions’ Malaysian subsidiary the front-end engineering and design contract for Pegaga. Mubadala’s intention is to use the Pegaga field as the central hub for a series of discoveries in Block SK320. The operator said Pegaga “is among the largest discoveries of recent years in Malaysia”.

Another aspect of the project is a 28-inch, 130-kilometre subsea gas pipeline to a new riser platform at a third-party field, said sources.

Mubadala was appointed the operator of Block SK320 in 2010 when the permit already contained the M5 discovery.

A successful appraisal well was drilled on M5 in 2012, followed in 2013-2014 by three substantial gas discoveries — Pegaga, Sirih and Sintok.

Mubadala is planning to drill two commitment wells in Block SK320 starting in December this year. It is understood the wells will be drilled using the jack-up Ensco 115 ( formerly the Atwood Orca) as part of a four-month extension with rig owner Ensco that Mubadala recently agreed.

Mubadala holds a 55% operating interest in SK320 with Petronas Carigali on 25% and Anglo-Dutch supermajor Shell holding 20%.

currently trades at an attractive 0.3x FY18F book value
vs 0.9x for Bumi Armada and 0.5x for MMHE

Still the best choice for OnG sector in Msia.

Yes, agree. 65-68 range is likely possible in the short run.

Fcuk Superbullshit11
Fcuk Supermax sailang fell from 2.50 to 2.15 in 2 weeks (vommit again)

Post removed.Why?

Buy Karex better than Supermax Sailang

But Karex better than supermax liaww..

At the moment.. most shares got sailang too. Safe to buy shares with undervalued nta & good fundamental.

Your supermax also got sailang la from 2.50 2 weeks ago to only 2.15 this week. Overvalued by 1.5x Sighh.. NTA only 1.60, price already above 2.15
Please wear supermax glove and tahan vommit on it.

Sapura Price currently trades at an attractive 0.3x FY18F book value vs. 0.9x for Bumi Armada and 0.5x for MMHE.

Anyway, the securing of various contracts amounting worth RM905m have bolstered its current order book to RM 14.4 Billion.

Even though the pace of offshore projects remains tepid globally, the group’s order book still translates into 2.2 times FY19 revenue with management hopeful of further wins from tender prospects worth up to US$9.5 billion (RM37.2 Billion).

@JoshuaMS7.. just hold.
How low can it go? It will not stay low forever. There is always a rebound cycle after continuous drop. it happens every 2-3 weeks for hot stocks with good fundamental. Sapura is an NTA RM2.06 per share counter afterall. Not a bad stock.

Coming QR is already expected impairment loss, already priced in. FY2018 onwards should be fairly green. FY2019 will Fly high!!

Bangunan EPF pun sudah terbakar tadi..
torched by Sapura Fan Club & traders :P

DJ should rebound along with oil tonight.. diesel demand on the rise.

Superbull11 posted the same post 13 times already..
i want to vommit at Supermax

Oil Spike soon.. after sharp fall last week..

https://oilprice.com/Energy/Oil-Prices/Oil-Prices-Collapse-Now-Spike-Later.html

Make money, not war :P

Looks like epf daily dumping is ending too. Healthy trading for now.

It may rise a bit..
May drop a bit..
But will not drop that bad la. Will not rise too high either. Stable at 68-70 for now. Oil index beginning to rebound for now. More stable ground.

Most major oil companies made profit last year when crude oil index went above usd 50 per barrel. Now wti index is at 59.. should be fairly ok for the industry.

It is definitely a Trading Buy..!!
it wont stay at 67-68sen for long. This is a net nta of RM2 per share counter with new contracts n lots of potential biddings >9b. Price will definitey triple up in FY2019 with its new LnG Gas operations n revenue this year.

SKD Alliance contract was published on 10 Jan 2018.. old news. Minta Abang Hengyuan beli SaPraNg baru jadi big news.

Despite all these positive news.. the price became Lukewarm because of EPF dumping. Accumulated so much, now become disappointing stock. Have to keep for retirement fund.. sigh!!

SaPraNg usually rise on Fridays pending possible good news or coverage over the weekend.

support level strong at 800

lets pray for last 30 min push up like last week.

Fund Manager China Mongolia semua sudah mari masuk
Fund Manager EPF Malaysia tak guna punya orang.. haiyaa. useless local fund

RM 2.10 share selling for 81sen.. lai.. laii.. laii...!!!

EPF lelong.. marii mariii!!

Life is a trap. Marriage is also a trap. SaPraNg is a trap you cannot live with, cannot live without.. so Just buy n keep liaww.

yeah.. someone just dumped 2million shares @ 800
Must be EPF again.

BNM expected to increase to 25bps.. already factor in. Minimum impact.

This is a RM2 counter.. no need to sell.
Just keep. It will go back to RM2 or more within a year from now. This is for sure.

Q4 2017 is expected red due to impairment losses. But this is just a expectation, could be green.. just like in Q2 2017 when all expect red, QR result turns green but lesser profit YTD.
Q1 2018 onwards should be green again, contracts & oil price building up.
This is a good company to buy mid-long term. Short term to volatile up n down.

Queue sell 82.5 today.. tak done
R-queue sell 81.5 later.. done.
Bought back at 80.5.. done (intra-day profit 1 sen)

Now.. 800. If break 790, I sell all liaw.
If not, I hold and try sell higher, can eat Lamb Chop.

Wti Crude Oil up @ 64
Ice Brent up @ 69
SaPraNg down.. sigh!!

Live Data at 12 midnight:
WTi Crude oil up to 64.52
Ice Brent Crude up to 70.00
Tomorrow Oil counters will rally again. Cheers!

Last call before it fly above 1.00 tomorrow..

Looks like safe to buy around 70sen. Next year climb 3x back to RM2 again

What happened today is a mirror image reflection after the 2009 recession..
2009 price drop to 60s sen
2012 then up to RM 5.20

1997/98 recession also the same trend but not sure the price then.. History will repeat again.