Posted by cashflow > 2021-12-07 09:36 | Report Abuse

AAX 24 billion debt can still survive in counter. Sapura only 1.4 billion debt previous earning, I think it is overstated panic scenario. It’s probably rigged to flush retailers out

Posted by ZackMaz > 2021-12-07 09:37 | Report Abuse

regretting for investing in sapura

Posted by cashflow > 2021-12-07 09:41 | Report Abuse

It is also becoming an issue if Malaysia do not promote national agenda to Oil and Gas companies.

Posted by oskchoon > 2021-12-07 09:46 | Report Abuse

券商:难关重重 沙布拉能源恐破产 | https://www.klsescreener.com/v2/news/view/919943

Posted by roslaom > 2021-12-07 09:48 | Report Abuse

Sapura has about 11 billion ringgit debt. Very much More than its today market cap. Tido ka management sapula?

Posted by AiyoyoBest > 2021-12-07 09:49 | Report Abuse

1b or 11b ?

Posted by 754232 > 2021-12-07 09:53 | Report Abuse

Run

Posted by sunsetbiz > 2021-12-07 09:56 | Report Abuse

below 5c stk group lol

Posted by UlarSawa > 2021-12-07 09:57 | Report Abuse

Oh no. Janda Sapura kena downgraded to 3sen by UOBKH. Outlook very bleak after Petronas job also cannot get. No lucraruve project can get moving forward. Like this last resort wtg RI only lah. Correct?

hoot9e996 apa jadi? why lao sai
07/12/2021 9:21 AM

Posted by Timmy Tan > 2021-12-07 09:58 | Report Abuse

RM11b

Posted by ronsimmons > 2021-12-07 10:07 | Report Abuse

Asset 23b excluding cash. debt 11b.

Posted by citadel888 > 2021-12-07 10:10 |

Post removed.Why?

Posted by JoshuaMS7 > 2021-12-07 10:12 | Report Abuse

PNB is selling its shares now, see unlimited selling 0.060..

Posted by cashflow > 2021-12-07 10:13 | Report Abuse

Just watch the game when they push up prices, it’s always some rigged movement

Posted by Godofgambler > 2021-12-07 10:13 | Report Abuse

Omicron kacau
Lwest i think 0.045 when covid 19 started.
Expect big jump soon

Posted by citadel888 > 2021-12-07 10:15 |

Post removed.Why?

Posted by cashflow > 2021-12-07 10:22 | Report Abuse

The movement today is triggered due to the Kasawari deal. Again, there is no national agenda to rescue local O&G entities and politicians busy filling their own pocket. Sapura need to overcome the toxic contracts to move in positive direction, let’s see.

Posted by Batam > 2021-12-07 10:24 | Report Abuse

This company to heavy with debt of RM10 billion and annual interest payment of RM600 mil. Current operation not sustainable to meet debt obligation and highly potentially to default its debt obligation in future. The company need to sell some of its asset to bring down its debt

Posted by Nikmon > 2021-12-07 10:30 | Report Abuse

Kasawaru phase 2 bid has disqualify sapura 2-3 weeks ago..I believe todal selloff is cause by article from Nan Yang with title implied that Sapura may bankruptcy....

Posted by Batam > 2021-12-07 10:30 | Report Abuse

Only Kenaga valuation of 7 sen is closed to the current price

Posted by Charles222 > 2021-12-07 10:32 | Report Abuse

Still collecting. Up to you guys to buy or sell. I still believe this coming Qr will be good one and if its the institutional who sells, it will be a big gain in time forward. No doubt this company is in debt that is why the price is low. AXX survived , i believe it can still make it. As for people who spark fear without substance, i know your problem as you cut a big loss that is your choice of trying to get some little gain. Feeling great and spark fear so that you may feel great on your prophecy. If it needs to spread, bring some substances out. Obvious season of down and expecting it to grow like a crypto simply make no sense. but i am collecting. No buy or sell call here but little encouragement to the investors.

Posted by Nikmon > 2021-12-07 10:33 | Report Abuse

MIDF called 14 sen when sapura collaborate with Enterprize on building wing farm worth 40 billion ..haha

Posted by cashflow > 2021-12-07 10:33 | Report Abuse

@Nikmon. Possible, means it’s not PNB, it’s some big money investors flushed and domino the panic sale. However it’s no basis of bankruptcy as the Company can exercise so many options with creditors and rich with assets and contracts. It’s not like they have nothing ongoing like AAX.

Posted by citadel888 > 2021-12-07 10:33 |

Post removed.Why?

Posted by roslaom > 2021-12-07 10:33 | Report Abuse

Boleh beli dah harga mcm ni. Sapa ada duit lebih boleh lah walau pun risks outweighed the reward. Org mesia kan suka betting. Hehehe

Posted by cashflow > 2021-12-07 10:34 | Report Abuse

It’s all a cycle. Let the market speak itself when they see next earnings report.

Posted by roslaom > 2021-12-07 10:37 | Report Abuse

Daripada gi gamble kat pak brahim tu baik sapula ni. Cuma sapula kena reorg operation, cost cut, start bayar the supplier n vendors. Byk sgt kena sumpah.

Posted by Charles222 > 2021-12-07 10:38 | Report Abuse

There was a time it reached 0.08 but all were in fear. Then it reached 0.17 all go buy. Sadly, punters could never gain big on this ! Even Bitcoin has its own Cycle.

Posted by strattegist > 2021-12-07 11:19 |

Post removed.Why?

Posted by didi7349 > 2021-12-07 11:31 | Report Abuse

this article sparks so much of fear and causes selling pressure......but when they is transaction, means somebody is buying.......

Posted by icon2021 > 2021-12-07 11:43 | Report Abuse

15bil NOSH... how crazy is that????

Posted by Runnerup > 2021-12-07 11:48 | Report Abuse

Invest to rubbish team.

Posted by citadel888 > 2021-12-07 11:54 |

Post removed.Why?

Posted by skyu > 2021-12-07 11:54 | Report Abuse

0.03 , or equivalent to pn17? a big cut

Posted by icon2021 > 2021-12-07 11:54 | Report Abuse

PNB can loan to this co via PP or what not.. still gain for PNB can use the gain for next round of dividend...other investors should not panic... PNB sell to provide dividend for ASB .. that is normal la... where PNB wanna get money if not selling this one?

Posted by BennyWhittman > 2021-12-07 12:01 |

Post removed.Why?

Posted by 754232 > 2021-12-07 12:14 | Report Abuse

News from Maybank investment bank ,it will declare bankrupt .Is approved

Posted by cashflow > 2021-12-07 12:20 | Report Abuse

PNB is holding 40% stake. Don’t think it will drown just like that. Something is cooking behind the scene.

Posted by sonisaham > 2021-12-07 12:26 | Report Abuse

jual aset & bayar hutang & manage biz dgn baik... hope saham naik blk 20 sen jan 2022 nt.

Posted by dzells > 2021-12-07 12:30 | Report Abuse

Who want declare bankrupt when PNB own 40% share ?

Posted by HazByn > 2021-12-07 12:31 | Report Abuse

things hard in life are being MU fan and bought Sapura stock.

Posted by BLITZRIEG > 2021-12-07 12:33 | Report Abuse

Selling asset is the only option now.....Taib still sleeping

Posted by 8899EL8899 > 2021-12-07 12:35 | Report Abuse

only petronas can save this company, but don`t know they will take private placement .

Posted by BLITZRIEG > 2021-12-07 12:36 | Report Abuse

Annuar Taibbb...wake up

Posted by Timmy Tan > 2021-12-07 12:38 | Report Abuse

From UOB Kay Hian's report, seems like the banks are not willing to waive the default of loan. UOB is one of Sapura Energy's lender, so maybe UOBKH heard some internal news from their counterpart.

If that is really the case and there is no alternative funding available to repay the debt, the logical next step is to declare PN17 and negotiate a "haircut" with all the creditors (like what AAX has done).

For me, short term pain is better than long term pain. If keep on dragging like this, more O&G operators will disqualify Sapura Energy from bidding for their projects. Might as well restructure and start afresh.

Posted by Nikmon > 2021-12-07 12:56 | Report Abuse

@Timmy, the wave have been granted in 2Q, will reasses in final quarter Q4.

Your scenario is possible if Sapura make another huge LBIDTA loss...in Q3
Until Q4 not able to recovery, Q4 still got 2 months 2..

If UOB leak out this kind of information seem like not professional and prejudice before QR and assessment.

Posted by Nikmon > 2021-12-07 13:06 | Report Abuse

Now Q3 yet release and Q4(Jan 22) still got 2 months to go,

Posted by legend0105 > 2021-12-07 13:17 | Report Abuse

PNB through all of its funds hold altogether ~40% of the company's share. If it goes down the PN17 route, that is one hell of impairment they have to take for their funds, especially the flagship ASB (which I think they don't have the stomach given assets/gains are quite stretch).

I think Sapura is too big too fail (not in terms of market cap, but rather the chain effect to the society should it fail), may end up government has to do the rescue tho (what else is new).

Posted by skyu > 2021-12-07 13:42 | Report Abuse

McDermott fail badly, everything is possible.

Posted by newbie8080 > 2021-12-07 13:49 | Report Abuse

There's new appointment of CFO on 2/12 will likely see if there's any more hope in regularisation of the huge debts.

Really a disaster for a company not to be performing when crude oil is above USD70 pbl.