Posted by rr88 > 2021-10-02 16:26 | Report Abuse

10 cent penny stock with 1.6bil$ loss in 3 months and 10bil$ debt.

Posted by Tobby > 2021-10-02 16:36 | Report Abuse

Saprng took one time provision loss for Taiwan and India projects! Painful indeed!

Posted by scenery > 2021-10-02 17:01 |

Post removed.Why?

Posted by IronShirt > 2021-10-02 17:17 | Report Abuse

Shahril & CFO Reza(sacked) had caused so much loss this Qr...Blindly take up Taiwan wind
Turbine installation without checking seabed soil foundation....India project is delay by Covid
but has no contingency plan ( plan B)....just interested in getting Fat salary....atleast we got Fall-
Guy to blame

Posted by Jayatiasa > 2021-10-02 17:54 | Report Abuse

the delay if yulin project was due to covid 19 not a technical issue

Posted by Jayatiasa > 2021-10-02 17:56 | Report Abuse

so don't be so negative, foresee writeback once the project done with compensation from Taiwan wpd

Posted by Jayatiasa > 2021-10-02 18:13 | Report Abuse

https://www.google.com/url?sa=t

Posted by Tobby > 2021-10-02 18:20 | Report Abuse

Posted by IronShirt > Oct 2, 2021 5:17 PM | Report Abuse

Shahril & CFO Reza(sacked) had caused so much loss this Qr...Blindly take up Taiwan wind
Turbine installation without checking seabed soil foundation....India project is delay by Covid
but has no contingency plan ( plan B)....just interested in getting Fat salary....atleast we got Fall-
Guy to blame

Answer : Indeed! That's why we saw double trouble provision in one big snowball! What a damn shocker! But at least the new team publicly acknowledge them rather than play hide and seek like Serba!

Posted by Nikmon > 2021-10-02 19:01 | Report Abuse

I believe these were hide by previous regime until new CFO discover and disclose immediately, just don't feel right provision 1 bil loss in 1 Q, these 2 project were commenced few years ago, incompetent management I guess


Posted by Tobby > Oct 2, 2021 4:36 PM | Report Abuse

Saprng took one time provision loss for Taiwan and India projects! Painful indeed

Posted by Nikmon > 2021-10-02 19:12 | Report Abuse

Win farm contract only 1bil since 2021, let say 500mil cost overrun is so terrible, definitely the loss has accumulated over years but never reconized, which KFC shit want ex-CEO back?......no brain?

Posted by Nikmon > 2021-10-02 19:36 | Report Abuse

Contract 1 bil, estimated 500mil overrun, even the project completed a head of schedule, I guess reverse max 10%,

Client pay sapura 1bil, sapura pay vendor 1.5bil, which idixt PM run this project, worst still someone hide the overrun cost ..rubbish

Posted by Tobby > 2021-10-02 19:55 | Report Abuse

osted by Nikmon > Oct 2, 2021 7:36 PM | Report Abuse

Contract 1 bil, estimated 500mil overrun, even the project completed a head of schedule, I guess reverse max 10%,

Client pay sapura 1bil, sapura pay vendor 1.5bil, which idixt PM run this project, worst still someone hide the overrun cost ..rubbish

Answer : Exactly! I assume the same thing too! Sharil should have been kick out years ago!

Posted by Tobby > 2021-10-02 20:02 | Report Abuse

Hate to say this but the new team did the right thing and made everything as transparent as possible! One big bomb is better than playing hide and seek!

Posted by UlarSawa > 2021-10-02 20:02 | Report Abuse

Shareholders tengah meroyan atas pokok durian ke. Nasi dah jadi bubur. Nak blame King Shahril the culprit ke. Blaming King Shahril pun no use anymore. At least King Shahril around pun ada kfc makan. Now bubur je yang tinggal. Correct?

Posted by Nikmon > 2021-10-02 20:39 | Report Abuse

KFC shit will sell their mother for a KFC...what a sad case or no brain

If incompetent person may risk thousand of jobs, and PNB stakeholder lose million.

PNB and EPF are doing their best to save million of jobs and rakyat of Malaysia. But an smart KFC shit willing sell mother for KFC. Is this a joke?


Posted by UlarSawa > Oct 2, 2021 8:02 PM | Report Abuse

Shareholders tengah meroyan atas pokok durian ke. Nasi dah jadi bubur. Nak blame King Shahril the culprit ke. Blaming King Shahril pun no use anymore. At least King Shahril around pun ada kfc makan. Now bubur je yang tinggal. Correct?

Posted by masterkevin212 > 2021-10-02 21:03 | Report Abuse

india project can not do one. Whoever has entered the job in india will end up like driving Mercedes to start work but when it comes to the completion for sure you will drive your kancil out.

Posted by didi7349 > 2021-10-02 21:11 | Report Abuse

AirAsia.... maxis.... mudajya earned 'valuable' experiences n lessons from their India venture

Posted by UlarSawa > 2021-10-02 21:24 | Report Abuse

PNB is just an investor only. EPF long ago jumped ship already b4 the last RI leh. KWAP cut down holding pun takda subscribed last RI pun diluted the shareholding leh. PNB became the white knight leh. Invest in potential company. Last time invest in Sapnrg is bcos of King Shahril the well known bumi entrepreneur in OnG sector. Now King Shahril no more at helm. PNB using the so called professional makan gaji punya. Can perform or not pun belum proven can lagi leh. The most the professional tender their resignation just put simple reason resign due to poor health ke. Personal reason ke. Ada better prospect ke. Want to spend more time with family ke etc etc. Just anyhow give one reason pun boleh resign lah. Who care lah. Just a job to them only that is different from owner run business die die pun fight till the end mah. Better ask King Shahril back lah. He know Sapnrg business the most one leh. He is Irreplaceble leh. Long Live King Shahril. Correct?

Posted by Tobby > 2021-10-02 22:17 | Report Abuse

Posted by masterkevin212 > Oct 2, 2021 9:03 PM | Report Abuse

india project can not do one. Whoever has entered the job in india will end up like driving Mercedes to start work but when it comes to the completion for sure you will drive your kancil out.

Answer : Lesson never learn! Whoever goes to India come back burn alive! A sure lose bet!

Posted by strattegist > 2021-10-02 22:43 |

Post removed.Why?

Posted by Godofgambler > 2021-10-03 08:44 | Report Abuse

Give them 6 months and you will see the changes.
New CEO just start working only
Need time

Posted by Godofgambler > 2021-10-03 08:46 | Report Abuse

Now many world are shortage of energies..
We will see oil rally soon

Posted by IronShirt > 2021-10-03 11:02 | Report Abuse

I think New Management should investigate whether Shahril & Co is negligence in discharging
its fiduciary Duties as CEO bcos the Losses is excessive ( bring Shahril to Court )

Posted by Ekkram > 2021-10-03 11:18 | Report Abuse

https://focusmalaysia.my/cgs-cimb-sapura-pays-heavy-price-for-past-misjudgments/

Posted by Ekkram > 2021-10-03 11:19 | Report Abuse

All-in-all, CGS-CIMB Research downgraded Sapura to “reduce” (from “hold previously) with a lower sums-of-part (SOP)-based target price of of 4.5 sen (from 11.5 sen previously) as the research house widens its loss forecasts on Sapura’s project miscalculations.

Posted by izoklse > 2021-10-03 12:01 | Report Abuse

Aai ya sapula. CGS-CIMB also downgrade.

Posted by strattegist > 2021-10-03 13:09 |

Post removed.Why?

Posted by Twowah123 > 2021-10-03 13:11 | Report Abuse

Shit am losing almost rm300 in this counter. Still got hope to hold?

Posted by Nikmon > 2021-10-03 13:46 | Report Abuse

Looks at history and CEO's Father background, how many casualties since EPF and PNB try to kick out the CEO from the office. Don't wast effort and time to charge them.

Posted by IronShirt > Oct 3, 2021 11:02 AM | Report Abuse

I think New Management should investigate whether Shahril & Co is negligence in discharging
its fiduciary Duties as CEO bcos the Losses is excessive ( bring Shahril to Court )

Posted by Nikmon > 2021-10-03 13:52 | Report Abuse

Do you know how much money loss by EPF and PNB to save million of jobs in ssapura energy from ex-regume?

https://www.theedgemarkets.com/article/cover-story-i-have-no-issues-epf-%E2%80%A6-it-their-right-do-what-they-want

Posted by Nikmon > 2021-10-03 14:00 | Report Abuse

https://www.google.com/amp/s/themalaysianreserve.com/2020/07/01/sapura-energy-denies-social-media-allegations-involving-ceo/amp/

It is open scecret...beware those KFC shit support the previous regime, their identity is questionable or may just stupxd. Haha

Posted by UlarSawa > 2021-10-03 14:09 | Report Abuse

Sbareholders meroyan lagi ke. Finding fault on King Sbahril again ke. When price up to rm5 every shareholders also smiling praising King Shahril lime superman juga leh. When price falling shareholders so marah ke. Just bcos of one mistake ended up huge debt and Oil price reversal caused King Shahril downfall leh. Anyway this was the bet he made also meant good to bring Spanrg to greater height during that time lah. EPF ke PNB ke Kwap ke. all also bet King Shahril can make it baru invest mah. Now nasi jadi bubur all start to blame King Shahril only ke. Unfair to him leh. Anyway he also suffered losses pumped money to subscribed RI leh. Not only you suffered leh. Correct?

Posted by UlarSawa > 2021-10-03 14:13 | Report Abuse

Beli saham semua mau surewin semua pun tak mau sure lost one kah. If like that bursa takda company go bankrupt ini macam lah. Blame this blame that. Then you better dont buy saham lah. Meroyan pandai je. Correct?

Posted by Wong Kah Wei > 2021-10-03 17:17 | Report Abuse

Bangsat comp.

Posted by didi7349 > 2021-10-03 20:11 | Report Abuse

Below 10 should be a good bet...

Posted by didi7349 > 2021-10-03 20:13 | Report Abuse

Unfortunately,this co was runned badly,hope is from now onwards....Looking at the new CEO n CFO background,below 10 could be a good bet with nothing much to lose....But it will take sometime I guess....Just hope Brent crude don't collapse,lol

Posted by didi7349 > 2021-10-03 20:15 | Report Abuse

Look at velesto, another oil n gas outfit under pnb with huge loss before this....Now starting to post profit....Just be patient

Posted by ivanlau > 2021-10-03 21:14 | Report Abuse

Hello Golden Summit Dave Chong, are u still hold tight tight this lousy stock ???

Posted by Powerstock > 2021-10-03 22:16 | Report Abuse

Harga saham dah faktorkan "MAXIMUM BAD NEWS"

Pengurusan baru ni dah buat keputusan bijaksana dgn melaporkan provision for "HEFTY FORSEEABLE LOSSES yg mengejutkan"

Kemungkinan besar stok ni akn menunjukkan prestasi yg lebih baik pada masa akn datang

Posted by Tobby > 2021-10-03 23:08 | Report Abuse

New team made one snowball provisional losses! They don't intend to hide and seek! Instead they double down and did what a transparent listed company should be doing!
Give and take another 2 quarters to get things in shape! As long as oil price stay above usd70, should be fine! Remember, oil price should be good for the next few years as oil producers have cut active rigs for years now! So expect plenty of jobs for Saprng! Jobs should be no issue! It's the cashflow that they are focusing on! But i think the new team are on top of that!
Remember! The losses are provisional not actually losses! New team made this move to ensure full transparency on their part!

Posted by Tobby > 2021-10-03 23:31 | Report Abuse

As i read many IB reports, they made assumption that this losses are actually, it's not! They are provisional! I think Taiwan windmill project is salvageable! Unfortunately, Saprng caught up with Covid restriction!

Posted by cashflow > 2021-10-03 23:36 | Report Abuse

Boys. PNB has deep pocket in Sapura, billions of dollar. The banks and creditors have fully invested in this firm. They won’t let it drown easily. Let the next quarter speak for itself. Now they have come transparent to book maximum foreseeable losses, so they can show better results in coming quarter. O&G price have skyrocketed, and we should expect production sharing contracts post better profitability in this quarter.

Posted by Tobby > 2021-10-03 23:49 | Report Abuse

Cashflow! Yeah, i think those IBs have hidden agenda! Don't fall into their trap! Saprng main concern is cashflow but i think that should be taken care of by PNB through PP!

Posted by Powerstock > 2021-10-04 02:31 | Report Abuse

QR TERKINI Sapnrg yg melaporkan kerugian besar yg paling mengejutkan membayangkan bahawa "THE WORST IS ALREADY OVER FOR SAPNRG"

Pematuhan kpd ESG dan gangguan bekalan di sebabkan oleh covid pandemik bermakna harga minyak dan gas akan terus naik ke atas. Ada kemungkinan besar kenaikan harga minyak dan gas akn mengejutkan ke tahap tinggi yg tidak di jangka

Bila pemintaan minyak dan gas melebihi bekalan, harga akn naik ke tahap yg memberikan insentif kpd "OIL MAJORS" utk membekal bekalan tambahan.

Sapnrg setakat ni ada "empat Pemacu perniagaan dlm industri minyak dan gas" ia itu
E&C
O&M
D&C
Bekalan gas

Ada kemungkina besar dlm masa akn datang kesemua empat pemacu perniagaan Sapnrg akn mencetuskan harga melangit ke tahap yg mengejutkan dan memuaskan kpd pelabur2 Sapnrg

Posted by Godofgambler > 2021-10-04 08:00 | Report Abuse

Now oil crisis shortage.
Oil high demand now

Posted by freddiehero > 2021-10-04 08:08 |

Post removed.Why?

Posted by freddiehero > 2021-10-04 08:08 | Report Abuse

time for shooting..

Posted by freddiehero > 2021-10-04 08:08 | Report Abuse

star

Posted by 651158 > 2021-10-04 08:29 | Report Abuse

Don't know who shooting who , sapura shooting we or we shooting sapura

Posted by 651158 > 2021-10-04 08:30 | Report Abuse

On the back side we will shooting by sapura