KUALA LUMPUR (Feb 10): Sapura Energy Bhd said today that its wholly-owned subsidiaries and joint venture (JV) company have been awarded RM1.85 billion worth of contracts and contract extensions, comprising engineering and construction, and drilling works in Saudi Arabia, Thailand, Brunei and Malaysia.......
Oil price keep going up & up & up up up... All O& G companies will getting more & more big projects... Tommorrow on-wards will be the turn for O & G theme started to spike up to sky high !
Few things to watch out in coming quarter/s in order to stay on the game:
- Higher Q'4 revenue vs Q3 and 2020 net profit RM100mil, as many who claimed this :-) - Q3'20: Share capital RM4.32bil vs reserves -RM1.25bil --> there will be no dividend to be declared as long the reserves is negative, it's good to see if there is some improvement on this part moving forward - Q3'20: Total borrowing RM8.86bil (STB:RM1.66bil) vs Cash RM0.92bil --> it's good to see if cash on hand to be increased in the next few quarters from operation/profit + reduction in trade receivables + monetise selective asset such as selling under utilised OSV vessel
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wehcant
1,259 posts
Posted by wehcant > 2021-02-09 10:50 | Report Abuse
If Brent crude stays above 60usd, PN Gomen will be very very happy.