Just give Sapura some time.. Oil just reach high.. It might rocket or fly...or slowly climbing up.. No one knows... I just park first and use power of hold.
Oil boom coming, USA oil consumption close to pre-pandemic without border open, Europe reopening and target ease border restriction ease start from 1st jun, need pump more oil
Sapura has clear all the shit from former CEO, it has save the company close to 100 million salary to pay former CEO..
Shahril, who was grilled in the group’s AGM yesterday over his high pay of RM71.92 million in the financial year ended Jan 31, 2018 (FY18), and RM84.24 million in FY17
covid cases drop below 400k from 850k, only handful of country are still in lock down include Malaysia, majority of developed country and high oil consumption country like china and India are reopen....you may seed big draw from EIA report next week amid summer travel and india reopen since lock down in April.
with the support on the ramp up demand, even iran flux with million of barrel, it will only minor impact to the price.
Major states and cities in India, including the national capital Delhi, on Monday began easing restrictions to allow more movement and economic activities as the number of Covid-19 infections fell to a two-month low.
As Delhi began the unlock process on Monday, heavy traffic was seen on the roads. All private offices in Delhi have been allowed to resume operations with 50 per cent staff.
Sapura is growing locally and internationally. It’s going to be one hot stock in the near future. Don’t dream this level of pricing anymore. I won’t be surprise if Sapura would reach RM1 someday. The price action can go parabolic soon when debts is cleared
But I have to understand the reality that this counter is sooooo heavy...difficult to shoot up fast, there'll be profit taking at many levels.
The only way to consistently go high is to reduce the gearing, get better margin projects, continuous good profit every quarter etc. When will this happen though?
PNB focus now on Sapura after Serba. They will make more avenue to lift prices. There are strong cable from PNB to push for public agenda and to shine in domestic investment.
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....
Godofgambler
5,307 posts
Posted by Godofgambler > 2021-06-06 01:22 | Report Abuse
I won't be surprise is Sapura sitting at 0.40