The O&G industry has shown a marked improvement in fundamentals and stability. This should pave the way for Sapura to start making profits and return money back to shareholders, primarily Permodalan Nasional Bhd (PNB).
The stock not gonna move much, you can observe those few oil stocks.
The company and management most probably gain a good profit undertable with no intention to attract investor, they can easily get loan, everyone getting extraordinary huge sum of salary.
PNB is holding this counter. They’ve been scrutinised on their earnings last year. They won’t let their big ship drown. More projects will get sanctioned. Jerun 6 wells starting next year
But no doubt this counter is on right track with better management and CEO salary was reduced so much and also getting more projects with higher oil price!
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....
JuliusCeasar
1,216 posts
Posted by JuliusCeasar > 2021-05-03 11:02 | Report Abuse
Steady SAPNRG