Posted by TalkNumberOne > 2022-09-23 10:57 | Report Abuse

SinGor dont hantam Dr Doom, he is not wrong, he is there to make money by talking shit and let shit losers follow. Only hantam shit loser like Uncle, loose until pants also no more still want to act like sifu teach newbie, not knowing he is worst than newbie

Posted by SinGor > 2022-09-23 15:12 | Report Abuse

Maybe, maybe Tonite Results Out. Have to take results by Chin. Good results, celebrate with nasi lemak double
double on sotong tomolo. Bad results, maggie kosong afternoon

Posted by SinGor > 2022-09-23 15:28 | Report Abuse

right now buyers 2X sellers. Ikan Bilis parking in Hundreds....i hope they have news

Posted by Mabel > 2022-09-23 16:20 | Report Abuse

#SinGor Maybe, maybe Tonite Results Out. Have to take results by Chin. Good results, celebrate with nasi lemak double double on sotong tomolo. Bad results, maggie kosong afternoon
23/09/2022 3:12 PM

#SinGor right now buyers 2X sellers. Ikan Bilis parking in Hundreds....i hope they have news
23/09/2022 3:28 PM

It's even better now SinGor

Total Buyers for mother is now 9X sellers..
Total Buyers for son is now 10X sellers..

Meow Meow Meow..

Posted by OKU_2020 > 2022-09-23 18:49 | Report Abuse

Brent Oil prices collapses @ USD87 , recession fears back in focus

Posted by Icon 888 > 2022-09-23 21:41 | Report Abuse

Cash is King… wait crisis

Posted by Mabel > 2022-09-23 22:04 | Report Abuse

Weather Forecast for Next Week

Markets worldwide have sold off with another rate hike of 0.75% 2 days back. The Fed has pledged to tame inflation aggressively even if it were to lead to economic pain.

Any decision to buy or sell should be based on 20 days Moving Averages. Just watch out for Dow Jones support level at 29,000. Nasdaq support level is at 10,500 while S&P support will be 3,600. More major sell off is expected once these support is broken..

Here’s another view coming from Goldman Sachs strategist David Kostin.

Resetting expectations: "The forward paths of inflation, economic growth, interest rates, earnings, and valuations are all in flux more than usual with a wider distribution of potential outcomes,”

On that note, the bank slashed its year-end target for the S&P 500 to 3,600 from 4,300, and said the benchmark could even fall to as low as 3,150 in the event of a serious recession.

To Our Success !

Captain Mabel Meow

Posted by Jerung > 2022-09-23 22:13 | Report Abuse

Silver Lining
https://www.nst.com.my/opinion/columnists/2022/09/833811/championing-malaysian-born-and-bred-companies

Posted by Mabel > 2022-09-23 22:34 | Report Abuse

Oil Bears Beware, Crude Prices Could Soon Spike..

While sentiment in oil markets has been decidedly bearish in recent weeks, the risk of Russia escalating its war with Ukraine and news that China is finally opening up mean there is plenty of upside risk in oil markets...

Meow

Posted by OKU_2020 > 2022-09-23 22:38 | Report Abuse

Oil prices plunge 5 % with RECESSION fears in focus
Reuters
WTI USD 77 , BRENT USD 84

Investing.com -- U.S. stocks tumbled in early trading, with the Dow breaching below 30,000, on increased worry about a global economic slowdown.

At 10:23 ET (14:23 GMT), the Dow Jones Industrial Average was down 424 points, or 1.4%, while the S&P 500 was down 1.7% and the NASDAQ Composite was down 1.9%.

#Azab-Mamposs Liao

Posted by TalkNumberOne > 2022-09-24 09:55 | Report Abuse

Mabel, Singor, chun already. Uncle came back time to buy big.

Posted by OKU_2020 > 2022-09-24 09:57 | Report Abuse

‘You’re starting to see all the classic early signs’: Legendary investor Ray Dalio says the stock market has further to fall before a recession hits

Posted by bish_bish > 2022-09-24 13:56 |

Post removed.Why?

Posted by OKU_2020 > 2022-09-24 23:56 | Report Abuse

Listen to the 2nd most powerful man in the US @ FED Chairman ....
Jerome POWELL has a tough message for investors :
TIGHTEN your SEATBELTS , because RECESSION is COMING
#Pergghhh

Posted by SinGor > 2022-09-25 11:32 | Report Abuse

Recession is a term for 2 consecutive Qr in decline ( not going to zero for those vegetable seller to understand)
Let say USA falls from 3.25% to 3.0 first and than to 2.75, it is consider a recession. But after falling to 2.75%,
FED will pump $100billion into Bank to Lend to Biz ( like last Round )
I am more concern about "Deflation" like what happen to Japan --- 13years and No growth but Japan still
imports 20billion Oil products a MONTH.
So where the "20 Trillion" that FED created from last round pump-prime ( printing money to be exact )

It has to go to countries that has Growth to offset Inflation----You can Bet all your 10 fingers on ASEAN
bcos US and China are in Cold-War ( bcos of Taiwan )

Posted by Michael R. > 2022-09-25 12:02 | Report Abuse

NOSH 15k... can it go 0.005?

Posted by SinGor > 2022-09-25 12:22 | Report Abuse

Half of 15Bil Goes to PNB & Co. The other Half ( 7Bil) goes to Ikan Bilis "Locked between RM4.0 to 30sens ...."
How many shares are in 4.0sens??? Look at the Daily Volume........Max at 200mil ( very difficult to arrive )

Posted by kyliew > 2022-09-25 17:21 | Report Abuse

NEWS: Why charge The Edge editors?
2,756 viewsSep 15, 2022

Market manipulation can disrupt the orderly function of the stock market, hurt investor confidence and cause many innocent people to lose money. So why are criminal defamation charges being pressed against The Edge for informing investors about such activity?

https://www.youtube.com/watch?v=gFg0z9rBI5A

Posted by OKU_2020 > 2022-09-25 17:42 | Report Abuse

Michael R.@
NOSH 15k... can it go 0.005
--------
Can't rule out this.... Possible After all now already PN17 liao

Posted by bish_bish > 2022-09-25 18:17 |

Post removed.Why?

Posted by OKU_2020 > 2022-09-25 19:39 | Report Abuse

Michael R.@
NOSH 15k... can it go 0.005
--------
Can't rule out this....
The Probability @Chance@Odd is 70 -30
after all given the Global Recession - Kaput_ing Oil Demand
SAPU E ?...hmmm .TO RIP { Rest In Peace } @ half sen

Posted by OKU_2020 > 2022-09-25 21:33 | Report Abuse

kih kih kihh
thanks for the much needed joke especially during this Dull Bursa Market @Global Recession
that one is an Old Fashioned OKU.
But now an O K U = Otai Kuat Umno = OKU.... Otai = Seasoned Trader..

Posted by strattegist > 2022-09-25 22:31 |

Post removed.Why?

Posted by Mabel > 2022-09-26 00:38 | Report Abuse

Haha SinGor is right..

All this recession story is all wayang for Uncle to collect cheap..

Still waiting for Uncle's 1 sen..

Mabel Blonde hair turned white oledi.. Waiting..

Meow

Posted by OKU_2020 > 2022-09-26 09:26 | Report Abuse

Losing steam n kaput_ing
VRROOOOOOOOMM

Posted by TalkNumberOne > 2022-09-26 11:07 | Report Abuse

Hahahahha, loosing steam for months already still waiting for the promised kaputing? By the way as of last Thursday, Uncle didnt deliver, still above 0.04 please slap your self. I bagi chance until Friday this week. Still above 0.04 better shut up before you disgrace your self further

Posted by strattegist > 2022-09-26 14:29 |

Post removed.Why?

Posted by bish_bish > 2022-09-26 14:50 |

Post removed.Why?

Posted by bullmarket1628 > 2022-09-26 17:28 | Report Abuse

Tommorrow once the Donbast referendum being passed, then Russia will annexed those 4 Donbast regions from Ukraine, then will start war between Russia and Europe, then oil price will spike up to above USD $120 again !

Then all the O & G counters will spike up to sky high especially Sapnrg's price will break above 20 cents !

Heng ah, Ong ah, Huat ah !

Posted by SinGor > 2022-09-26 17:33 | Report Abuse

Hoping for bragging rights announcement today or tomolo before Qr results Due out on Wed or Friday

Posted by TalkNumberOne > 2022-09-26 17:40 | Report Abuse

Uncle, whole market domino pizza hut wife run away, Sapura still 0.04, how? Can you let me know how?

Posted by bish_bish > 2022-09-26 17:45 |

Post removed.Why?

Posted by SinGor > 2022-09-26 17:56 | Report Abuse

SAP impaired All asset that were without job Before Ukraine War Or before Oil Hit $120.
Last Qr we see profit bcos many asset jumps back to life. Their accumulated loss were impaired Or stack-up
somewhere. It is highly possible SAP coming Qr is also profitable bcos many accumulated losses are removed temporarily from Operation ( can see a clearer operation impacted by higher Oil price )

Posted by strattegist > 2022-09-26 18:50 |

Post removed.Why?

Posted by bish_bish > 2022-09-26 19:02 |

Post removed.Why?

Posted by OKU_2020 > 2022-09-26 19:18 | Report Abuse

Pergghhh
LOSS... RED
No wonder some Cabutt edi

Posted by bish_bish > 2022-09-26 19:23 |

Post removed.Why?

Posted by myway > 2022-09-26 19:24 | Report Abuse

SAPURA ENERGY BERHAD ANNOUNCES ENCOURAGING RESULTS IN Q2 FY2023 Summary of Q2 FY2023 financial results:
• Revenue of RM1.17 billion
• EBITDA of RM313 million
• LATAMI of RM3 million
Sapura Energy Berhad (“Sapura Energy”) and its group of companies (“the Group”) announced results for the second quarter of financial year 2023 (“Q2 FY2023”), recording positive earnings before interest, taxes, depreciation, and amortisation (“EBITDA”) of RM313 million, and revenue of RM1.17 billion. The Group posted RM3 million loss after tax and minority interests (“LATAMI”), mainly due to its share of a well write-off and impairment recognised by its Exploration & Production (“E&P”) strategic partnership SapuraOMV Upstream. In the preceding quarter (“Q1 FY2023”), the Group posted a profit after tax and minority interests (“PATAMI”) of RM 92 million, and EBITDA profit of RM250 million on the back of RM886 million revenue. In the corresponding quarter last year (“Q2 FY2022”), the Group recorded a LATAMI of RM1.5 billion, and an EBITDA loss of RM1.17 billion on the back of RM747 million revenue. Sapura Energy’s Q2 FY2023 EBITDA performance is mainly attributable to commercial settlements from certain contracts in its Engineering & Construction (“E&C”), materialisation of additional claims in Operations & Maintenance (“O&M”), and improved rig utilisation and day rates in its Drilling business segment. The Group’s E&C business segment continues to be under challenge by the current operating landscape. Despite the challenges, all business segments registered positive EBITDA, with E&C delivering RM38 million; O&M delivering RM47 million; and Drilling delivering RM150 million.
PROGRESS IN RESET PLAN
“We are encouraged by our financial performance this quarter, as it indicates early results in our Reset Plan and we are on the mend. Clearly, the game-changer in our future growth is the reduction of unsustainable debt, which we are working hard to resolve with all stakeholders,” said Sapura Energy Group CEO Datuk Mohd Anuar Taib. Sapura Energy recently sought assistance from the Corporate Debt Restructuring Committee of Malaysia (“CDRC”), a committee under the purview of Bank Negara, to mediate its debt restructuring negotiations with lenders. CDRC has accepted Sapura Energy’s application and the Group is expected to submit a proposal for a restructuring of its debts within 60 days from September 1. As part of portfolio rationalisation, the Group recently completed the divestment of its heavy lift pipe laying vessel Sapura 3000 and entered into a memorandum of agreement (“MOA”) for the disposal of three drilling rigs. The Group is also making progress in its proposed scheme of arrangement (“SOA”). Sapura Energy and 22 of its wholly-owned subsidiaries are completing the verification of claims submitted by its creditors under the proof of debt exercise. Initiated in December 2021, the Group’s Reset Plan aims to create long-term sustainability by rebuilding the Group’s balance sheet, enhancing its operational and risk management framework, and charting future business direction. Under the Reset Plan, the Group’s business segments refocused its bid funnel based on capabilities and risk appetites, while enhancing project management discipline. The Group is currently executing close to 90 projects globally, nine of which commenced in the Q2 FY2023, and completed 18 projects in the same quarter. Its order book to-date stands at RM7.7 billion.

Posted by bish_bish > 2022-09-26 20:05 | Report Abuse

aiyoooo

Heng ah, Ong ah, Huat ah !

Posted by Mabel > 2022-09-26 20:10 | Report Abuse

Wahhhhh... Thanks for sharing this..

Life is soo beautiful..

Meow Meow Meow

Posted by TalkNumberOne > 2022-09-26 20:17 | Report Abuse

Hahahaha uncle still domino Pizza Hut wife run away. Hahahaha no worries comrade when uncle make noise bet against him aka the loser confirm you will win

Posted by amirsyam1001 > 2022-09-26 21:56 | Report Abuse

if not mistaken, actually sapura making alot of profit. if you excluded impairement and depreciation. rm 117817 what I see. but in unaudited report it calculated p&L is rm 121,990,000. and Net increase in cash and cash equivalents 167,936,000. Total cash in hand is 807,746,000. my opinion sapura still maintain 10% profit margin.

Posted by Mabel > 2022-09-26 22:04 | Report Abuse

Yes lah...

Haha while Uncle is going for Pizza Hut, Mabel and the Team are looking at kambing and lobsters...hmmm so yummy...

Sapnrg has reported another Fantastic consecutive Quarter Report!

SAPURA ENERGY BERHAD ANNOUNCES ENCOURAGING RESULTS IN Q2 FY2023 Summary of Q2 FY2023 financial results:
• Revenue of RM1.17 billion
• EBITDA of RM313 million
• LATAMI of RM3 million

Sapura Energy Bhd has recorded a revenue of RM1.17 billion for the second quarter of the financial year 2023 (Q2 FY2023). Sapura said it also recorded positive earnings of RM313 million before interest, taxes, depreciation and amortisation (EBITDA). In the same period last year, Sapura recorded a RM1.5 billion loss after tax and minority interests, RM1.17 billion loss in earnings before EBITDA on the back of RM747 million in revenue.

In the first quarter of the financial year 2023, Sapura recorded a profit of RM92 million after tax and minority interests, a profit of RM250 million before Ebitda and RM886 million in revenue.

Under the Reset Plan, the Group’s business segments refocused its bid funnel based on capabilities and risk appetites, while enhancing project management discipline. The Group is currently executing close to 90 projects globally, nine of which commenced in the Q2 FY2023, and completed 18 projects in the same quarter. Its order book to-date stands at RM7.7 billion, 12 tender oil rigs (largest fleet in world) and many offshore ships. 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

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. 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.

*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
Mabel and Team 39.3%, 6,269,822,636 shares
Sovereign Wealth Funds 41.4%, 6,616,385,078 shares

*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
12.94%
Sapura Holdings Sdn. Bhd. 2,067,197,390 MYR103.4m
1.12%
The Vanguard Group, Inc. 179,664,922 MYR9.0m

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 a BONUS....

To Our Kambing and Lobsters.

Meow Meow Meow

Posted by strattegist > 2022-09-26 22:17 |

Post removed.Why?

Posted by Follow80 > 2022-09-26 22:19 | Report Abuse

Wake me up when september end.. lalalalalalalala

Posted by pakabu > 2022-09-26 22:52 | Report Abuse

https://www.bharian.com.my/bisnes/korporat/2022/09/1005164/prestasi-kewangan-sapura-energy-semakin-pulih

Posted by OKU_2020 > 2022-09-26 22:54 | Report Abuse

Worst than the previous quarter.. Thought to get popit but red loss... That's why the price go down to 3.5 sen & "quote buy now is 3.5 sen since many edi cabut@sold after smelling this quarter loss... Innocent Newbies.especially !! . Please Fasten your seat belt >> ??... GAP down tomorrow ... Pergghhh

Posted by Mabel > 2022-09-26 23:04 | Report Abuse

1 USD is now RM 4.6 and most of Sap revenue is in USD...

Life is so beautiful..

Meow Meow Meow

Posted by Mabel > 2022-09-26 23:06 | Report Abuse

Haha if gap down Mabel will sapu more...

No issues to average down Sap as Mabel's Big Brother PNB average holding cost is higher than Mabel's holding cost..

Meow Meow Meow

Posted by Mabel > 2022-09-26 23:12 | Report Abuse

#OKU_2020 Oil prices plunge 5 % with RECESSION fears in focus Reuters WTI USD 77, BRENT USD 84

At 10:23 ET (14:23 GMT), the Dow Jones Industrial Average was down 424 points, or 1.4%, while the S&P 500 was down 1.7% and the NASDAQ Composite was down 1.9%.

23/09/2022 10:38 PM

Haha Uncle...Do you know that for every USD10/bbl increase in annual average crude oil price lifts the Federal Government tax revenue by MYR4b?.

This implies between MYR13b to MYR21b boost to Government coffers given the current official crude oil price assumption of USD100-120/bbl vs Budget 2022’s assumption of USD67/bbl. Hence at USD 84, can close eyes as it is still way up from Budget 2022..

Here's another good new that Mabel would like to share, Do you that Malaysia Oil & Gas Related Revenue is 31% Share of Total Federal Government Revenue?

As of 7M2022, Federal Government’s total revenue rose +21.3% to MYR148.4b (7M 2021: +8.3% to MYR122.4b; 2021: +3.9% to MYR233.8b). This is 63.4% of Budget 2022 projection of MYR234.0b, ahead of simple calendar pro-rate of 58.3%. Actual revenue for 2022 will be higher, mainly due to the positive impact of higher commodity prices on Government coffers, especially the oil & gas-related revenue.

This follows Petronas announcement of additional MYR25b dividend to the Federal Government, on top of the budgeted MYR25b i.e. total of MYR50b, which is the second highest on record after MYR54b in 2019.

Proud and Happy to contribute to Malaysia's success !

Mabel Ewing Meow