As expected Sapnrg is the most active counter today.
Sapura HAS assets like oil and gas fields that is already producing 40k barrels per day and ramping up to 100k per day in 2 years via their 50% stake in Sapura OMV. In 2019, they sold this 50% share to OMV for RM4b when oil prices were lower. Today it is worth easily RM6b due to higher oil prices. Sapura also has RM7b contracts in hand, 12 tender oil rigs (largest fleet in world) and many many offshore ships. On top of that Saonrg has National Gas reserve worth RM 110 billion. It is the largest O&G support asset owner in Malaysia and 2nd largest in world.
Unlike SD, most Sap losses are impairment losses ( not cash losses). If Sap losses ( if Real ), Bankers will want their money back immediately. This impairment can be write back if they can step up to the next level.
A year ago, Sapura price was 15sen. Two years ago, it was 25sen. When PNB bought in 2019, it was 37sen. So if helped by government to recover then it could go back to 37sen or even RM4.50 when Sapura was at its peak in 2014 when oil prices were above US$100 per barrel (like now).
Both SerB and Sap are Goreng stock for the moment...but SAP will last thru' GE15 with Lifeline thrown by Umno. As i said before SerB is in Terminal decline, price wise.
Dont understand why people think they are extremely good beyond everyone, kept on mentioning about ikan bilis as if they are big whales. LMAO, if you are big whale you wont even have time to post anything here or read anything here. So yes, all of us including you the one who ikan bilis burn la whatso ever la is the same category.
You dont need to seek for attention here posting as if you are the best. That shows how pathetic you are. Everyone into the market on their own experience and money, not borrowing from you also. If you are so noble wants to save all those who will potentially burnt, and you are whale. Privatise this company, no one else will be burnt. Period
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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....
nicholas99
9,863 posts
Posted by nicholas99 > 2022-05-23 09:35 | Report Abuse
sure stabilize. sell so deep. where got meat?