Uobkh doesn't reveal anything new in its analyst report....It is alrdy known sapnrg has been doing badly with tight cash flow n high gearing....So,y sell off today but not before this?
UOB got paid to falsify their findings based on rumours to shake the market and benefit those who are in this game. Let’s see how this chapter gets unfold. I would be surprised to see if PNB would liquidate as they have bigger stake in this. Sapura is probably negotiating with their creditors for short term loan. Otherwise they will resort for RI.
so powerful, one analysis report, not from Company itself, but analysis report by investment analyst, and then the whole market impacted, then it down by almost 40%...big sell off, who is collecting?
only that analyst has this finding? other analysis seems to be in dark?
It’s all rigged in my opinion to benefit a selected group of people. They basically want to collect low price with such panic. In any case, Oil and Gas prices are very strong, and it would be strange to see Sapura won’t rejuvenate in this demanding environment, when other key players are already in recovery mode. They need to sort out cash and collection. They have big contracts in play, just need more time to execute and be profitable.
Shameless Petronas claim big profit in Q3 but don’t pay their suppliers the COVID 19 claims. The can celebrate on their profit after stepping all their service partners.
ceo alrdy said what he wants to say in the interview with theedge last month...he cant elaborate much, he needs time to work on it....just that the hole is really very very big, not sure whether is salvageable....
maybe u may feel a bit more calm if u have read the interview with the new ceo and the current PNB chairman in the edge published few weeks ago n last week....but all in all, the situation is really hard
but the new BOD in sapnrg now is really star-studded......all with fantastic CV.....not sure these guys will risk their names to join sapnrg if they dont seen something bright in sapnrg or they being forced into this...
sapnrg ceo is different from others listed co now, he is not the founder/owner(major shareholder) of the co, his previous tenure is with shell malaysia and petronas carigali before joining sapnrg...he is a professional rather than an entrepreneur.....together with the new CFO, tan sri shamsul abbass...ian john lo...francois di tullio...lim tiang siew...this group of professionals offers glimmers of hope...but they r still human, not sure whether these avengers can fight till endgame
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....
James Ng
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Posted by James Ng > 2021-12-07 20:59 | Report Abuse
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