Mabel, it is true that under Najib, Bursa Malaysia was the world's longest bull-run market and we reached the high of 1896 points in April 2018 just before GE14. Has been much worse since GE14.

Most other share markets are much higher now than in 2018 but ours is still much lower.

cicakman, Najib pointed out that the majority of Sapura's losses are impairments and provisions which can and MUST be reversed should these assets become cash generating again. Do you even know what you are talking about?

BTW, what is AirAsia X profit for Q3 2022?

Shark keep buying at 8.5sen. Someone big is certainly accumulating.

i3lurker For the 4th time, you habitual fake news spreader, tell me where did you get this RM18b number from? From Anwar's BF Saiful?

i3lurker, again I ask you. Where you get this RM18b number from? From Anwar's arse?

cicakman, the one who bailed out is PH government in 2019 - not Najib.

i3lurker where you get this RM18b number from? From Kit Siang or Anwar's butt?

Thank you Najib Bossku! Those who bet against him always seem to lose.

@ sailang_now because the RM8.9b losses that they announce was mostly impairment of assets and provisions for losses in contract since cannot operate without cash-flow/working capital - this means the NTA was also similarly written down. It is not operating losses.

Such impairments and provisions can and must be written back when working capital issue resolved.

Such as Airasia X which will write back and announce RM33b in profits this quarter.

@moneystar You don't know this company at all. Sapura HAS assets like oil and gas fields that is already producing 40k barrels per day and ramping up to 100k per day in 2 years via their 50% stake in Sapura OMV. In 2019, they sold this 50% share to OMV for RM4b when oil prices were lower. Today it is worth easily RM6b due to higher oil prices. Sapura also has RM7b contracts in hand, 12 tender oil rigs (largest fleet in world) and many many offshore ships. It is the largest O&G support asset owner in Malaysia and 2nd largest in world.

A year ago, Sapura price was 15sen. Two years ago, it was 25sen. When PNB bought in 2019, it was 37sen.

So if helped by government to recover then it could go back to 37sen or even RM4.50 when Sapura was at its peak in 2014 when oil prices were above US$100 per barrel (like now).