SAPURA ENERGY BERHAD

KLSE (MYR): SAPNRG (5218)

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Last Price

0.035

Today's Change

+0.005 (16.67%)

Day's Change

0.03 - 0.035

Trading Volume

2,512,700


80 people like this.

147,443 comment(s). Last comment by Huangbk72 7 hours ago

Depeche

4,451 posts

Posted by Depeche > 2022-08-19 21:02 | Report Abuse

More cash for working capital.... not relying on any form of loans.... good.

Nikmon

3,010 posts

Posted by Nikmon > 2022-08-19 21:26 | Report Abuse

Sell 3 rigs as scrap metal also can gain 7 million, lol...assets impairment overdone....

cashflow

3,642 posts

Posted by cashflow > 2022-08-19 23:05 | Report Abuse

Nicely done, now they can focus on improving their profitability and optimise cost

harold8990

349 posts

Posted by harold8990 > 2022-08-20 13:32 | Report Abuse

SE seems serious in restructuring their financial positions as of now.

SinGor

4,891 posts

Posted by SinGor > 2022-08-20 15:13 | Report Abuse

Nikmon
Sell 3 rigs as scrap metal also can gain 7 million, lol...assets impairment overdone....
__________________________________

This Australian hired by SAP for restructuring is very cunning. How Bankers come out with 10 billion Loan
to SAP? Must be based on Asset Collateral? SAP valued its asset 30bil and Bankers loan 10billion---that is
the Loan story. Now SAP in great financial stress, How SAP force Bankers to take a Hair Cut? Reduced Collateral Asset ( 10bil ) to Nothing (hahaha)--- By Huge Impairment Loss--more like asset stripping. But always remember "physical Asset" as collateral is still intact-----just market value disappeared.
Once Bankers agreed to swap Debt to Asset----SAP just reversed Impairment Loss saying Good Oil price
and all asset now generating profit again------Are Bankers so easily Conned??? It is Game of Black Jack, who
blinked First lose the DEAL

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 15:15 | Report Abuse

Absolutely Guys!

With new leadership taking over from Tan Sri Shahril Shamsuddin, Datuk Anuar Taib is a 30-year veteran of the oil and gas industry, having led Petronas’ upstream business and Shell Malaysia’s operations, he has what it does it takes to turn Sapura Energy around..

On top of that, there have been more changes at Sapura Energy. Other than Anuar, there have also been appointments to the board, namely ex-Petronas CEO Tan Sri Shamsul Azhar Abbas, who was appointed in July 2020. More recently the company appointed Datuk Iain Lo as an independent non-executive director and Bernard di Tullio as a non-independent non-executive director.

Sapura Energy’s board are true blue professional and capable individuals with the requisite capabilities to drive things at Sapura Energy.

Many of these changes have come about as Permodalan Nasional Bhd became the largest shareholder of Sapura Energy with close to 40% equity interest...

Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 16:12 | Report Abuse

Summing up:

1. Fantastic New and Hungry Management!

With new leadership taking over from Tan Sri Shahril Shamsuddin, Datuk Anuar Taib is a 30-year veteran of the oil and gas industry, having led Petronas’ upstream business and Shell Malaysia’s operations, he has what it does it takes to turn Sapura Energy around..

On top of that, there have been more changes at Sapura Energy. Other than Anuar, there have also been appointments to the board, namely ex-Petronas CEO Tan Sri Shamsul Azhar Abbas, who was appointed in July 2020. More recently the company appointed Datuk Iain Lo as an independent non-executive director and Bernard di Tullio as a non-independent non-executive director.

Sapura Energy’s board are true blue professional and capable individuals with the requisite capabilities to drive things at Sapura Energy.

Many of these changes have come about as Permodalan Nasional Bhd became the largest shareholder of Sapura Energy with close to 40% equity interest...

All these gives PNB Confidence!. On July 27, 28 and 29, Amanah Saham Bumiputera (ASB) bought a total of 290.13 million shares in Sapura Energy, thus raising its direct stake by almost 3% to 30.08%. The buying by ASB was on the heels of Sapura Energy’s 11th AGM on July 28. Sapura Energy are trading at near historic lows and closing at 5 sen yesterday. This means so GREEN like Incredible Hulk!

2. Fantastic Cleaning Up!

Most of Sap previous losses are impairment losses. Sapura already reported so much impairments during the downturn last year, and now those asset value a lot more in current prospect. Financially speaking, their asset book is healthy. As long as they maintain working capital, they can survive this upturn market easily. People are rushing to capitalise current outlook, and willing to pay expediting fees.

SAP bought SeaDrill for 8.63Bil back in 2013. Impaired close to 2Bil just before Oil jumps $120. Considering a New Drilling Rig cost more than US$2.0Bil (8 bil each ) given Doubling of Steel price, nobody in the Right mind would Buy a New Rig ( need 4years to complete One ).

Given current situation SAP SeaDrill actually can Sell at 10Bil. I think given anytime, SAP can reverse RM2.0Bil impairment Loss (into impairment Gain in coming Qr.) Okay, the Trick now is to force Bank for a haircut then do a reverse impairment And do a revaluation of Asset after the Haircut. ( given SAP sold a floating Crane at profit recently ). All SAP book losses can wipe off if SeaDrill has a Buyer...

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...

3. Regulation Plan in Progress!

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 16:12 | Report Abuse

4. Fantastic Constants Good news

Unlike the RM 9 Billion LCS Battleships, more good news are coming from SE. Beside Petrobras has extended by two years a charter and service contract in Brazil for Sapura Energy’s Sapura Esmeralda pipelay support vessel announced and more good news - KUALA LUMPUR (Aug 11): Sapura Energy Bhd, which is disposing of assets to address its cash flow and balance sheet position, said it has completed the disposal of heavy-lift and pipelay vessel Sapura 3000 for US$71.5 million (RM317.82 million).

The report studies the Offshore Gas Pipeline market size by player, region, product type and final industry, historical data 2014-2018 and forecast data 2019-2025; the report also studies the global market competitive environment, market drivers and trends, opportunities and challenges, risks and barriers to entry, sales channels, distributors and porters.

One of the Leading Offshore Gas Pipeline Market Players is Sapura Energy: https://shanghai.ist/2022/08/09/offshore-gas-pipeline-market-2022-upco...

Meanwhile Salman, a project currently in feed stage and is expected to start commercial production in 2024. The development cost is expected to be USD $568M. The Salman conventional oil development will includes subsea tree and wellhead platforms. This oil development located in deepwater in Brunei and is operated by Brunei Shell Petroleum Company Sdn. lies in block BSP 1 & 2 Offshore Agreement Area, with water depth of around 220 feet. Main EPC: Sapura Energy

Sapura Energy Bhd (SEB) is understood to be in talks to hive off its 51% stake in Sapura Baker Hughes TPS Sdn Bhd, and among the parties interested to acquire the stake is Icon Offshore Bhd. One of SEB’s more successful units, Sapura Baker Hughes (formerly known as Sapura GE Oil & Gas Services Sdn Bhd) is a 51:49 joint venture between SEB and Baker Hughes, and has a long-term maintenance services contract from Petroliam Nasional Bhd (Petronas) for Floating LNG1 (L) Ltd, a floating liquefied natural gas facility. The JV also undertakes similar maintenance contracts for production-sharing contractors who are also partners of the national oil company.

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 16:12 | Report Abuse

5. Fantastic Assets

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 Sapnrg has National Gas reserve worth RM 110 billion. It is the largest O&G support asset owner in Malaysia and 2nd largest in world.

Share price will improve on MOF sentiment and renewed O&G commodities bull run. Brent still above $100 per bbl now. All operators are paying expediting fees to secure rigs and don’t mind the premium. Sapura Energy Bhd and 22 of its wholly-owned subsidiaries have obtained a nine-month extension of the restraining order (RO) from the High Court against their creditors.

6. Fantastic Quarter Report!

Quarter Result on 30-Apr-2022: QoQ - 101.39% YoY - 194.71%.

Profit RM 87million. Great Progress. Resolving the past to regain a stable platform for the future with nice Order Booked and Fantastic Sales Funnel across the Globe. Good thing is the joint ventures (Brazil and E&P) seem to be doing well. Drilling Business as expected continue to perform

7. Election Cumming – Either October or November this year!

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 16:13 | Report Abuse

8. Fantastic Investors are holding Sap Shares - Shareholders have not been meaningfully diluted in the past year.

Ownership Breakdown

Institutions 2.5%, 404,781,759 shares
Individual Insiders 3.5%, 552,501,541 shares
Private Companies 13.3%, 2,128,312,868 shares
General Public - Mabel and Team 39.3%, 6,269,822,636 shares
Sovereign Wealth Funds 41.4%, 6,616,385,078 shares
Uncles and Aunties 0%, 0 shares

To Our Private Jet !

Captain Mabel Meow

bish_bish

223 posts

Posted by bish_bish > 2022-08-20 16:53 |

Post removed.Why?

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 17:01 | Report Abuse

Unlike the US Stock Market, Malaysian Stock Market needs constant catalysts..

Please continue to share when you hear any good news..

To Our Private Jet!

Meow Meow Meow

Michael Kwok

6,389 posts

Posted by Michael Kwok > 2022-08-20 17:22 | Report Abuse

The big meow,broad base selling are coming.Many shares will tank alot especially shares tht rebound alot,while other tht rebound 20-30 percents will follow to reach all time low on 2022.

Mabel

24,044 posts

Posted by Mabel > 2022-08-20 22:19 | Report Abuse

#Michael Kwok The big meow,broad base selling are coming.Many shares will tank alot especially shares tht rebound alot,while other tht rebound 20-30 percents will follow to reach all time low on 2022.
20/08/2022 5:22 PM

Haha nice to see you here Michael..

SE Support: 0.04 | Resistance: 0.06..

When performing Technical Analysis, you should remember that the higher time frame supersedes the lower time frame.

This means that a monthly resistance is stronger than a weekly resistance which in turn is stronger than a daily resistance.

How is this important? Well, sometimes, you will find that on a daily time frame (i.e. daily bars), the market is on support but is also close to a monthly resistance. This is a dangerous setup and you’re most likely facing resistance than lying on support.

Whether it’s a graphical or a mathematical support/resistance level (e.g. Bollinger Bands level), you must always take this into account so that you’re coherent across your trading framework

That's why when Mabel deals with a turnaround companies like SE, SD and Dnex, Mabel always has a horizon of 2-3 years.

For Mabel, the fact that ASB/PNB acquired that 99mil shares on 27jul22 at 4.5 sen, which surely not for a short-term play... if institutional investor going for long term that is meant they have faith on Sapura's going concern.. this is a good news for Mabel...

In 2018 if Mabel not mistaken, the right issues shares priced at 30sen. Ex right was 41 sen. In 2018, when all these transaction was done, Sapura Energy net asset per share was RM1.60

So anything less is not good for PNB. PNB need to push above 41 sen. All PNB need is to just push SAP to 50 sen than Auditor On-Going-Concern remarks will disappear. Equity hit 7bil. Current Debt is 10.7Bil (short-term) but soon received assurance from Bankers to roll-over for 7years or ever and ever. Purrrfect Scenario for everyone..Anything more is definitely a BONUS...

"If you cannot control your emotions, you cannot control your money." - Warren Buffett

CheriMeow

Mabel

24,044 posts

Posted by Mabel > 2022-08-21 06:23 | Report Abuse

https://www.theedgemarkets.com/article/sapura-energy-sell-three-drilling-rigs-rm35-mil

More measures in restructuring their financial positions..

Michael Kwok

6,389 posts

Posted by Michael Kwok > 2022-08-22 00:06 | Report Abuse

For me,because sap nosh(number of shares) is 15 billion.not 1.5 billion.So any disposal tht less thn rm 2.5 billion will not bring any significant upward.
Downgrade to 2.5-3 cents
22/8/2022 12.06am

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 11:09 | Report Abuse

#Michael Kwok For me,because sap nosh(number of shares) is 15 billion.not 1.5 billion.So any disposal tht less thn rm 2.5 billion will not bring any significant upward.
Downgrade to 2.5-3 cents
22/8/2022 12.06am

Yes that's true Michael. That's definitely one of SE weakness point. However, Sap Shareholders have not been meaningfully diluted in the past year.

SAPNRG has underperformed the MY Market which returned -4.1% over the past year. However Mabel has started collecting from the recent low between 3.5-5 sen (still accumulating). Based on what Mabel shared earlier, Mabel is willing to wait for better return.

Here are additional positive indicators:

SAPNRG is good value based on its Price-To-Sales Ratio (0.2x) compared to the peer average (0.6x).

SAPNRG is good value based on its Price-To-Sales Ratio (0.2x) compared to the MY Energy Services industry average (0.7x)

SAPNRG's revenue (6.8% per year) is forecast to grow faster than the MY market (5.2% per year).

SAPNRG's short term assets (MYR3.7B) exceed its long term liabilities (MYR123.4M).

Stable Cash Runway: Whilst unprofitable SAPNRG has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.

Forecast Cash Runway: SAPNRG is unprofitable but has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by 53.2% per year.

Top 3 shareholders own about 55.5% of the company. Solid Shareholders!

Ownership Name Shares Current Value Change %
41.43%
Permodalan Nasional Berhad 6,616,385,078 MYR330.8m 4.59% 0.21%
12.94%
Sapura Holdings Sdn. Bhd. 2,067,197,390 MYR103.4m
1.12%
The Vanguard Group, Inc. 179,664,922 MYR9.0m -38.74%

Ownership Breakdown

Institutions 2.5%, 404,781,759 shares
Individual Insiders 3.5%, 552,501,541 shares
Private Companies 13.3%, 2,128,312,868 shares
General Public - Mabel and Team 39.3%, 6,269,822,636 shares
Sovereign Wealth Funds 41.4%, 6,616,385,078 shares
Uncles and Aunties 0%, 0 shares

SE is one of the 3 Potential Turnaround companies that Mabel is looking. The other two is Dnex and Serba. All these are political link companies.

To Our Success !

Meow Meow Meow

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-22 12:04 | Report Abuse

Hmmm BossKau Male Sweating@ Peluh Jantan..... No more hope from him..

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 12:12 | Report Abuse

It's OK, another BossKau will always surfaces..

People comes and go, SE will continue to remains..

Haven't you heard this?

Meow

Stock: [SAPNRG]: SAPURA ENERGY BHD

Aug 20, 2022 3:15 PM | Report Abuse

Absolutely Guys!

With new leadership taking over from Tan Sri Shahril Shamsuddin, Datuk Anuar Taib is a 30-year veteran of the oil and gas industry, having led Petronas’ upstream business and Shell Malaysia’s operations, he has what it does it takes to turn Sapura Energy around..

On top of that, there have been more changes at Sapura Energy. Other than Anuar, there have also been appointments to the board, namely ex-Petronas CEO Tan Sri Shamsul Azhar Abbas, who was appointed in July 2020. More recently the company appointed Datuk Iain Lo as an independent non-executive director and Bernard di Tullio as a non-independent non-executive director.

Sapura Energy’s board are true blue professional and capable individuals with the requisite capabilities to drive things at Sapura Energy.

Many of these changes have come about as Permodalan Nasional Bhd became the largest shareholder of Sapura Energy with close to 40% equity interest...

Meow

stockraider

31,556 posts

Posted by stockraider > 2022-08-22 13:27 | Report Abuse

Correctloh...Sapnrg disposing of non performing assets...is positive to the company mah!

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-22 14:32 | Report Abuse

RUNNNNNNNNNNNNNNNNNNN for our lives
BossKau ?...hmmm

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-22 14:59 | Report Abuse

In jeopardy this PN 17 Cap Ayam sap E...
TP Mom 3 sen
WA 1 sen

bish_bish

223 posts

Posted by bish_bish > 2022-08-22 15:12 |

Post removed.Why?

TalkNumberOne

3,007 posts

Posted by TalkNumberOne > 2022-08-22 15:28 | Report Abuse

Time to buy, because some uncles cakap Runnnn. Just bet against the losers you will win, simple logic

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-22 15:42 | Report Abuse

Dangerouss & Critical NOWWW
Fasten your seat belt
Argghhhh

bish_bish

223 posts

Posted by bish_bish > 2022-08-22 15:44 |

Post removed.Why?

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-22 15:53 | Report Abuse

SMELL A RAT...
S.O.S.....MAY DAY...MAY DAY...
Help...helppp
FIRE SALE....
BossKu please.....

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 17:56 | Report Abuse

Yawn..

Mabel's Blonde Hair turned white oledi waiting for Uncle's 1 sen..

Managing SE is like using one finger on the steering wheel while cruising at 260 km per hour on one of Mabel's collection of Mercedes Benz..

The limitation is not on Mabel's Car but on the road conditions..

Same here with SE.. So easy to manage this account..

Now waiting to change to Gear 6..

Mabel Hamilton

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 19:04 | Report Abuse

Just like an F1 Race, all investments do carry risk.

If investing feels like playing in a casino, you're doing it wrong and should definitely stay out of the game

Only race when you know how to shift gears.

If you can only freeze like a Monk, better stay out and stay in the Monastery..

Oh Mee Tow Foo Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 19:09 | Report Abuse

#bish_bish Wow, OKU is back!!! Your glove stocks ok boh? Did you runnnnn for lives or not? Since glove stocks collapse, you been disappered same time, no? Don't be sad la....节哀顺变!!! If you still feel sad, welcome to put your frustrations here....加油!

anyhow, FYI, some smart ass try to crack your secretive code words in post above, you better come out some new innovative code words la, don't be hari2 sama2, otherwise ppl may uncode your hidden meaning & suports to this stock as correlated below, no? For instance, when you say "Runnnnnn..."actually means for "Fantastic New and Hungry Management", anyhow that smart ass is pretty smart also ho, can uncode you leh....

1. Run.....(vs Fantastic New and Hungry Management)
2. Kaboom.....(vs Impairment reversal analysis & plan)
3. Azab...(vs Regulation Plan in Progress)
4. VRROOOOOOOOOOOM...(vs Fantastic Constants Good news)
5. BOOOO CHOOWWW CCCCCCC...(vs Fantastic Assets)
6. Timberrrr......(vs Fantastic Quarter Report)
7.DeadRat....(vs Election Cumming)
8. Argghhhh.....(vs Fantastic Investors are holding Sap Shares)
- Cuising Curry-bean vs Cruising in Caribbean
- PN17 vs PRU15

Welcome back!!!
22/08/2022 3:12 PM

Very smart reflections...

Just when the caterpillar thought the world was ending, he turned into a butterfly..

To Our Butterfly!

Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 19:17 | Report Abuse

Sap is the most active counter today with about 155,000,000 shares traded.

No of Buyers is about 25X

What does this tells you?

To Our Private Jet!

Meow Meow Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-22 19:55 | Report Abuse

What do factory shutdowns in China, shipping delays in Europe and reduced agricultural output in the U.S. have to do with each other? They are all being caused by severe droughts impacting the world's largest economies. Researchers say the dry spells are partly because of seasonal weather patterns like La Niña, but are also related to consequences of land degradation and climate change.

Snapshot: The Chinese province of Sichuan just announced it would extend industrial power cuts and activate its highest emergency response, impacting a number of global manufacturers like Apple (AAPL), Foxconn (OTCPK:FXCOF), Toyota (TM) and Volkswagen (OTCPK:VWAGY). The vital Yangtze, the longest river in Asia, reached its lowest level on record for August, affecting supply of hydropower and causing widespread shortages. Tesla (TSLA) has even asked the government to help ensure its suppliers have a sufficient amount of electricity, with over a dozen of them currently not able to manufacture at full capacity.

Over in Europe, cargo ships have had to reduce their loads due to critically low levels of the Rhine. The waterway is usually occupied with vessels transporting raw materials to power plants and factories, and Italy has even declared a state of emergency along its important Po River. Separately, agricultural forecasters in the U.S. now expect farmers to lose more than 40% of the cotton crop, while many acres of farmland are being left unplanted because of water shortages. In fact, the U.S. Bureau of Reclamation has announced that states like Arizona and Nevada will have to cut their water allocations by up to 21% next year because of the increasing megadrought in the Southwest.

Go deeper: The situation could drive up energy prices as hydro and nuclear power are reduced given the lower levels of water (that cannot sufficiently cool reactors). Higher transport costs and supply chain snarls could also raise food prices, adding to inflationary forces and squeezing a global trade system that was already under pressure from the coronavirus pandemic.

Meow

Posted by StockGodFatt > 2022-08-22 20:06 | Report Abuse

Bossku is going to Sg.Buloh soon that's why SAP no power.

bish_bish

223 posts

Posted by bish_bish > 2022-08-22 20:22 | Report Abuse

Based on current sentiment:

Bosskue not going to Sg Buloh: BN wins!
Bosskue going to Sg Buloh: BN wins BIG BIG TIME!!!! Then he will get pardoned out somehow, somewhere by someone!

Bosskue opponents, do your own math carefully, anytime you may win a candy but lose a factory! Then someone else will go to Sg Buloh instead!

Medusa

537 posts

Posted by Medusa > 2022-08-22 20:50 | Report Abuse

BN will never win. Mark my word

i3lurker

14,167 posts

Posted by i3lurker > 2022-08-22 20:54 | Report Abuse

no worries

Buy with confidence.

I will propose to Gobermen to sell Petronas to SAPURA for RM1.00 deemed paid, plus RM500 Billion extreme hardship sen_ku_ni compensation for agreeing to manage Petronas.

izoklse

5,270 posts

Posted by izoklse > 2022-08-22 20:55 | Report Abuse

ok i mark your word. Jangan hilang yer lepas pilihan raya. I`ve already here so long an i hope to see you after GE15. Jangan lari Meduca.

Icon 888

2,298 posts

Posted by Icon 888 > 2022-08-22 22:15 | Report Abuse

Crisis come.. keep money

kuaTAKtahu

1,485 posts

Posted by kuaTAKtahu > 2022-08-22 22:43 | Report Abuse

Waiting Petronas to help .. .Perhaps refinance with PNB . ..PNB has RM 300 billion assets

kuaTAKtahu

1,485 posts

Posted by kuaTAKtahu > 2022-08-22 22:44 | Report Abuse

PNB stand in with 10 years repayment tenure ?

kuaTAKtahu

1,485 posts

Posted by kuaTAKtahu > 2022-08-22 22:47 | Report Abuse

Interest rate at 0% ?

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-23 06:42 | Report Abuse

沙布拉能源陷PN17 还可以持有吗? - 财经- 投资法则 - 星洲日报https://www.sinchew.com.my › 沙布...· Translate this page
20 hours ago — 星洲网Sin Chew Daily Malaysia Latest News and Headlines ...
==========
RUNNNNNNNNNN for our live ......
BOOOO CHOWWW CCCCCC
Maybank TP 3 SEN
Hong Leong TP 1 SEN

OKU_2020

4,847 posts

Posted by OKU_2020 > 2022-08-23 06:59 | Report Abuse

Price Target
Sapura Energy - Hiving Off Three Rigs; Keep SELL
Source : RHB-OSK, Price Call : SELL, Price Target : 0.02
Last Price : 0.04, Upside/Downside : -0.02(50.00%)
---------
PERGGHHHHH.......!!
Meow...Meow..MEOWWWW

Mabel

24,044 posts

Posted by Mabel > 2022-08-23 07:42 | Report Abuse

Just like an F1 Race, all investments do carry risk.

If investing feels like playing in a casino, you're doing it wrong and should definitely stay out of the game

Only race when you know how to shift gears.

If you can only freeze like a Monk, better stay out and stay in the Monastery..

Oh Mee Tow Foo Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-23 08:21 | Report Abuse

U.S. stocks fell as traders worried about further interest-rate increases and the backdrop of a slowing economy.

The market got a little ahead of itself, the market wants the Fed to sound off on the dovish standpoint, but the Fed's not there yet.

Jerome Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-23 08:31 | Report Abuse

You own your future. Your future will be shaped by today's choices. Whether you continue to be a Monk or become an Investor, you own the outcome. Ultimately, the choice of the future you want to own is yours.

Stop steering your car through the rear view mirror. Get your hands on the steering wheel and look at the road ahead.

Mabel Hamilton Meow

Mabel

24,044 posts

Posted by Mabel > 2022-08-23 08:59 | Report Abuse

Malaysia’s ringgit is headed toward a test of support at its 2017 low as oil prices slide, opening the door to the currency tumbling to levels last seen during the Asian financial crisis.

This is music to SE as SE earn in USD..

Mabel

24,044 posts

Posted by Mabel > 2022-08-23 09:13 | Report Abuse

Mabel Top 2 Strikers, Dnex Lionel Messi and Sapnrg Thomas Muller is on attacking mode this morning. Both of them are standing hot on the podium. Serba Cristiano Ronaldo is still sleeping...

Warren Meow

Posted by daneilchoong > 2022-08-23 09:24 | Report Abuse

europe energy price at highest level now

Ninth007

475 posts

Posted by Ninth007 > 2022-08-23 09:57 | Report Abuse

Like that today surely uncle all very quiet
Thought can recollect at 4 cents
Wait till neck damm long
Uncle runrunrun
I’m begging please sell more if you have, please lah sell all at once
Work harder, convince more to sell
Lai lai lai

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