The only way to change from petrol Cars to EV is EV cars must be priced at RM 10,000---50,000 Who would buy a Tesla at 500,000 when a 2021 Honda Vezel ( top of line) cost 150,000
India New Cases Increasing 340K daily. The new coronavirus that has mutated again in India may invalidate all vaccines at this stage. The Hope that European and US economies can return to normal this year seems to be in vain Will Sapura drop to 0.13 tomorrow? Those can collect at the bottom will Huat ah, Heng ah, Ong ah !
it had been so long never close at 0.13. is real that QR is superb poor...just hope it wont go bankrupt like our country until want to touch national trust fund.
Left few days only b4 month end. New CEO macam scare to release QR kah. Like this investors also wait and see kah. Like this mana ada kfc lah. Correct?
LONDON, April 27 (Reuters): Oil rebounded to $66 a barrel on Tuesday on speculation that a meeting of producer group OPEC+ may tweak oil output policy to address India's coronavirus crisis that could dent fuel demand.
OPEC and allies will hold a monitoring meeting on Tuesday instead of April 28 as planned earlier.
Malaysia launches 10-year blueprint to revive oil and gas sector Demand for energy and transportation tanked during the pandemic.
Shannon Teoh Malaysia Bureau Chief PUBLISHED1 HOUR AGO FACEBOOKTWITTER KUALA LUMPUR - Malaysia is seeking to rescue its ailing oil and gas ecosystem with an ambitious 10-year plan after fuel prices were battered last year by the Covid-19 pandemic.
The National Oil & Gas Services and Equipment (OGSE) Industry Blueprint 2021-2030 comes after nearly two-thirds of over 4,000 vendors fell off the radar, victims of a "double whammy".
Demand for energy and transportation tanked during the pandemic and this came on top of the rout in oil markets between 2014 and 2016.
State oil giant Petronas was forced to slash a third of its initial RM50 billion (S$16.2 billion) capital expenditure budget for 2020, most of which was dedicated to the domestic market. Last year, crude oil prices averaged about US$40 per barrel, down from over US$60 the year before.
Local OGSE players' reliance on Petronas - a key problem the blueprint will try to address - meant that over 700 companies went dormant last year, leaving just 1,563 players in the field.
Oil and gas have been a crucial plank of both the Malaysian economy and government revenue, making up to a fifth of the country's pre-Covid-19 gross domestic product. The supporting OGSE sector, which accounted for nearly half of that contribution, has lagged in adopting new technologies and inefficient businesses suffered during last year's crash.
"It is hoped that this blueprint will result in them scaling up the operations. We want them to go overseas as well. By merging with each other... they can do more research and development... You need to be on the ball in terms of the latest technology," Economic Planning Minister Mustapa Mohamed told reporters after Tuesday's (April 27) launch.
The blueprint outlines incentives for mergers, consortium-building and technology adoption, alongside an RM25 million OGSE Development Grant to help smaller firms commercialise innovative solutions.
Malaysia's OGSE sector generates about US$16.4 billion (S$21.7 billion) in revenue annually, with less than a third coming from exports.
This compares unfavourably with Norway - which Malaysian Petroleum Resources Corporation (MPRC), the lead agency tasked with developing the OGSE landscape, calls the "gold standard" - as well as the United Kingdom.
Both countries in Europe reap over US$35 billion a year from a less fragmented industry of just 1,200 firms each. Norway's OGSE sector also filed 960 patents in the last five years, and the UK had 381, compared with a paltry 36 for Malaysia.
Among the blueprint's targets are to see the OGSE sector contribute up to RM50 billion to Malaysia's GDP by the end of the decade, up from RM21 billion last year, and provide 60,000 highly-skilled jobs, 1,000 more than the existing largely semi-skilled workforce. In line with long-term plans for Petronas to increasingly expand its footprint internationally, OGSE players will also be expected to derive half of their revenue overseas, similar to their Norwegian counterparts currently.
Another crucial push will be to diversify revenue streams, with a quarter of billings by 2030 to come from outside oil and gas. MPRC chief executive Yazid Ja'afar pointed to "adjacent" industries such as renewable energy, where public-listed Eversendai Corp has bagged several offshore wind deals.
Datuk Seri Mustapa said it was imperative that OGSE players create low-carbon solutions with the ongoing push to "decarbonise" receiving a boost from the Leaders Summit on Climate hosted by United States President Joe Biden last week.
"We are encouraging the industry to explore the ESG (environmental, social and governance) element," Mr Yazid told a press conference. "Once you comply with the requirements, you will open up a whole world of US$59 trillion (of investment funds) by 2025."
Sapnrg grabbed a new contract again ! This contract is worth RM1.0 billion ! Oh my goodness ! Like that tommorrow Sapnrg going to limit up already liao lah !
QR out. No profit. Whole year still at loss 160mil. Still havent turnaround yet. All 3 divisions also lost money in last Qtr. Need to wait again. KFC menu still carry on as usual. No change yet. Correct?
Sapura made significant revenue during the crisis and loss attributed to financial cost before other costs. It will only get better this year quarters as more projects in hand now. Stock price will shoot up folks, just gear up.
More revenue means bigger losses? Seems the project on hand not making money. Margin so thin, not enough to pay loan interest. If this carry on, very fast sun set ler...wondering how they run their business.
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....
SinGor
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Posted by SinGor > 2021-04-25 10:54 | Report Abuse
The only way to change from petrol Cars to EV is EV cars must be priced at RM 10,000---50,000
Who would buy a Tesla at 500,000 when a 2021 Honda Vezel ( top of line) cost 150,000