next 6 months find a scapegoat, ends in political rescue / settlement. All bankers want it this way Which part of loan bankers does not know. This is a 3year continuously kicking the can down the road
I have got a strong desire to see sapu goes back to normal. Just want to see OKU reverse back all the word, I have no clue how many different things but it would be nice to start eating Tomyam gong
Last night Mabel look at Sapnrg Technical Chart. It's looking good. All it need is one really good news!
Sapura QR Result for 1, 2, 3. Q4 coming out this month
Recap..
Sapura Energy Bhd has recorded a revenue of RM1.27 billion with positive earnings of RM75 million before taxes for the 3rd quarter of the financial year 2023 (Q3 FY2023).
Sapura Energy Bhd has recorded a revenue of RM1.17 billion with positive earnings of RM25 million before taxes for the 2nd quarter of the financial year 2023 (Q2 FY2023).
Sapura Energy Bhd has recorded a revenue of RM887 million billion with positive earnings of RM96 million before taxes for the 1st quarter of the financial year 2023 (Q1 FY2023).
Sapura has National Gas reserve worth RM 110 billion. It is the largest O&G support asset owner in Malaysia.
Our New Sapura CEO also inherits many legacy which is a major issue. Fortunately, CEO is a calibre CEO. He inherited many legacy contracts which is a major issue from Sharil's time.
SAP Old contracts has low margin which is pulling down its profit margin. However it is not generating big losses. Unlike Yinson which is continuing winning new contracts, SAP has no New Contracts which is continuing eating their Fixed Expenses and Profits. Current Management is forcing old contracts off hands or re-negotiation new price.
Rumour has it that many of these contracts are generated from Previous CEO which are highly questionable ( Kick-Out by PNB to do clearer forensic analyses ). If many non-profitable projects are deleted from Books rather Forced to Cancelled or go to Court, you would see a much, much leaner Books in coming months.
Their biggest loosing contract is with Wing Farm in Taiwan and ONGC India. Wing Farm Contract has been terminated and in court now. ONGC 3 billion project will completed soon start and will production in May. This is excellent Work in Progress.
On SAP Debt, PNB holds 48% of MayBank and 41% of SAP. If Banks liquidate SAP asset ( 3-4 billion asset) belong to PNB. This sound funny since what PNB does is Raiding Right pocket to fill Left pocket. I don’t think this Debt fiasco can ends in 2023 “organically”. Hence it is better for Sap New Management to dig a very big Hole to get itself Out ( i.e. make more money while Brent is still in the Up Cycle)
As long as PNB is still a major shareholder and your holding cost is below them, there is no reason to fear. Recap: 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. All the big names like
1. Permodalan Nasional Berhad 2. Vanguard Group, Inc. 3. BlackRock, Inc. 4. HSBC Global Asset Management (UK) Limited 5. Lembaga Tabung Angkatan Tentera (LTAT) 6. State Street Global Advisors, Inc. 7. Storebrand Asset Management AS 8. American Century Investment Management Inc are still holding...So Mabel will hold lor...
SAP has missed match of asset. Long-Term asset 14Bil---Current asset 3.2Bil. At a glance, you already know where SAP 10bil borrowings all stuck at ( not movable asset ) When Co. are Hit by Oil Cycle for 5 years, this is the perfect End results......So it is really a Bad Management----no planning, no Biz sense. With 17Bil asset, Bank are too eager to get back their loan. But it will End with a 10years Civil Court Case. And the end loser is PNB
SAP will End up as political Rescue. Anwar has collapsing Bumi support and if Chinese goes Cha Kuey teow PKR is actually smaller than PAS. DonT talk about GE16, next 2years also difficult. My BET next 2 months ( before Raya Or after Raya ) Anwar will make a move to boost Malays Support. After all SAP is totally control by PNB and PNB investors are 100% Bumi
Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST
The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year. With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally. The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.
#SinGor Top Energy Trader Expects Oil Prices To Enter The $90-$100 Range
By Tsvetana Paraskova - Feb 27, 2023, 8:21 AM CST
The CEO of Vitol Group believes oil prices could trade in the $90-$100 per barrel range in the second half of the year. With oil demand set to rise by 2.2 million barrels per day this year while supply remains limited, there is a good chance of a price rally.
The Vitol Group has added its voice to a chorus of banks and analysts that see oil prices climbing toward the $100 mark in the second half of 2023.
03/03/2023 2:47 PM
Haha Yes lah SinGor..Absolutely!
Last night Mabel's Wall Streets' Fossil Fuel SPDR S&P Oil & Gas Exploration & Production ETF is already up by 1.37% beating Mabel's Clean Energy iShares Global Clean Energy ETF which is down by 0.51%..
Yes, Oil prices rose yesterday, boosted by signs of a strong economic rebound in top crude importer China and easing worries of aggressive U.S. rate hikes.
I think OKU queueing in front of sapura wants to buy share la. Hahaha OKU panic couldn’t buy share now went to sapura knocking on the door wants to buy some share pasar malam style
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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....
strattegist
23,459 posts
Posted by strattegist > 2023-03-02 18:38 |
Post removed.Why?