SAPNRG (5218): News and Blogs

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel are very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

1 month ago

LY Hoh

Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.

1 month ago

# LY Hoh Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.
19/08/2024 5:13 PM

Sapura Energy Berhad’s Net Tangible Asset Backing (NTAB) is actually -0.2300. This negative NTAB indicates that the company’s liabilities exceed its tangible assets.

Sapura is currently undergoing the biggest in corporate restructuring exercise in the history of Corporate Malaysia due to long term legacies contract awarded during TS Sharil’s time with risk taken by contractors. Right now they are Renegotiate all bad contract beside completing those projects.

As Mabel shared earlier, to turn around this National Treasure into a viable company, Sapura Energy needs to focus on several key strategies based on our recent AGM:

PN17 Progress: Company Turnaround Efforts are underway to turn the company around. The company is on track to exit PN17 next year. Key steps include debt restructuring, a solid business plan, and securing 75% lender support for PRS.

White Knight Support: White Knights remain committed with letter received in Feb this year, providing significant assistance while remaining anonymous. A regulation plan will be submitted to Bursa for approval by year-end.

Challenges: Despite facing a substantial debt of 10.8 billion with banks, credit facility suspensions, industry downturn, and contractor risks, the company has secured financial support from lenders and vendors.

Operational Focus: The focus now shifts to margin improvement rather than top-line growth. Positive results are expected in subsequent quarters. SAP transform from negative cash flow has now generated more than 1.5 billion positive cash flow.

2024 Outlook: Despite geopolitical and supply chain challenges, new contracts are anticipated to boost cash flow and working capital. Total Project bids is worth RM 23 Billion with RM 7 Billion Order Booked. Imagine if they have secured the bank guarantee, they would have taken in more than RM 10 billion contracts across the Globe..

To Our Success to save this National Treasures!

Meow

1 month ago

LY Hoh

Thank you Mabel for the above update. Yes, i knew the company’s liabilities exceed its tangible assets, that why wondering.....Hope it can successful restructure as the early year the share price very high, look at now, Ai.......Anyway, Thank you.

4 weeks ago

cicakman

Woohoo up nearly 15%,Kaya lah like this🤣🤣🤣.

4 weeks ago

https://www.reuters.com/markets/hedge-flow-hedge-funds-sell-planes-trains-automobiles-buy-energy-stocks-says-2024-08-19/
___________________
Hedge fund loading Oil stocks, you know what to come

4 weeks ago

Haha what a pleasant surprise...

Close 4 sen...hihi

3 weeks ago

New PNB ceo should be making a announcement in Sept----already 2 months "Hand-On" on SAP problems

2 weeks ago

speakup

mana Qatar investor???? Pmx tipu lagi! GE16 kita RABA (Rakyat Akan Buang Anwar)

2 weeks ago

Surprisingly Sapura was invited in today morning national parade...a p17 and going to bankrupt corporate??

2 weeks ago

National parade got sapura? 😂😂😂😂

2 weeks ago

Must be super VIP sponsor for the parade to be included. 😂😂😂😂😂

2 weeks ago

Malaysia, both GLC and GLIC are important to ensure that economic development can be implemented in an orderly manner...sapura is one of the important GLC.

This does not guarantee the share will update, however it does show SAP playing big role in Madani economy blueprint

2 weeks ago

freddiehero

You masih pn17 sapura..

2 weeks ago

speakup

Pmx still doesn't get it, if Sapnrg is not bailout, many contractors & subcontractors & subsubcontractors who are mostly malays will not vote PH in GE16. Pmx masih tidur slumber

2 weeks ago

freddiehero

Hehe ade rindu zaman ajib ko.. When date for new vote ya?

2 weeks ago

The only Pn17 company in the parade, the only reason SAP was invited because the has the bigger amount of debt in Malaysia 15 billion..lol

2 weeks ago

lol PN17 for national parade that’s uncalled for la. Even though I bought this PN17 company. 😂😂😂

2 weeks ago

instaRgram

Bunga Sakura?

2 weeks ago

It is in the group of GLC together with Duophamar, SP setia, and MNRB

Why Sapura included....lol, really not making sense while it still stick in dire situation...

2 weeks ago

Velesto not included, although it also owns by PNB...too sad lose to PN17 Sapura

2 weeks ago

I think PM reshuffled Petronas 2 and 3 Top postions recently is to give some breathing space to Sap. Most
Top SAP contractors have attended lastest UMNO meeting putting alot political pressure on Zahid

2 weeks ago

A Big Bumi Co in trouble has different "wayang" from normal commercial Co like AA Group. Tony comes out
proposal like listing in Dow, Sell AA brand name, now sell a pn17 asset to sister Co ( no money )---
What news come out of SAP---always someone coming out with Big Bag of Cash to Help!!!

2 weeks ago

Cheer up Guys ...Mabel is still in Merdeka Mood...

Our Sheikh 3rd Lady, Lady Sapura Shines at Malaysia National Day Parade

Lady Sapura was honored as a Super VIP sponsor at the Malaysia National Day Parade, highlighting her significant role in the nation’s economic development. In Malaysia, Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are crucial for orderly economic progress, and Lady Sapura stands out as a key GLC.

Different Approaches for Troubled Companies

When a large Bumiputera company faces challenges, their strategies differ from those of typical commercial entities like the AA Group. Tony Fernandes, for instance, has proposed listing on the Dow, selling the AA brand, and now selling assets to sister company AAX. Meanwhile, Lady Sapura is undergoing the largest corporate restructuring in Malaysia’s history. This is due to legacy contracts awarded during Tan Sri Shahril’s tenure, which involved significant risks for contractors.

Turning the Tide

Currently, Lady Sapura is renegotiating unfavorable contracts while completing ongoing projects. The company is making significant strides in its turnaround efforts and is on track to exit PN17 status next year. Key steps include debt restructuring, a robust business plan, and securing 75% lender support for the Proposed Restructuring Scheme (PRS)

Meow Meow Meow

2 weeks ago

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

2 weeks ago

Hope for the best!!!

2 weeks ago

InvestorKING

Mabel, recommending you to buy Reneuco la, heard that a very strong catalyst, till end of September or early of October,will fly high

1 week ago

Icon 888

Buy reneuco better than sapnrg

1 week ago

Raja138

Pride in Malaysian companies such as Petroliam Nasional Bhd (Petronas), Yinson Holdings Bhd (KL:YINSON) and Sapura Energy Bhd (KL:SAPNRG), which have been established in Brazil for a long time and have achieved success at the global level.
https://www.klsescreener.com/v2/news/view/1388115

1 week ago

Raja138 Pride in Malaysian companies such as Petroliam Nasional Bhd (Petronas), Yinson Holdings Bhd (KL:YINSON) and Sapura Energy Bhd (KL:SAPNRG), which have been established in Brazil for a long time and have achieved success at the global level.
https://www.klsescreener.com/v2/news/view/1388115
07/09/2024 3:42 PM

While Mabel understand that the current crude oil price environment justifies an upcycle in global capex, Mabel highlight on potential lower capex spending by PETRONAS as its revenue & cash flows comes off, with PETROS having assumed the role of sole gas aggregator in Sarawak. Given this on-going development, Mabel will keep Yinson and Pchem and will continue to maintain Lady Sapura until she is fully recover from her current P17 Morning sickness...

For your information, Yinson, Petronas Chemicals Group (Pchem), and Sapura Energy (Sapnrg) have significant operations and projects outside Malaysia, reducing their dependency on Petronas projects within the country.

Yinson: This company has diversified its portfolio significantly. It operates globally, with projects in countries like Brazil, Ghana, and Vietnam. Yinson is also expanding into renewable energy and green technology sectors.

Petronas Chemicals Group (Pchem): While Pchem is a subsidiary of Petronas, it has a broad international presence. It exports its products to over 30 countries and has manufacturing facilities in Malaysia and abroad.

Sapura Energy (Sapnrg): Sapura Energy has a strong international footprint, with operations in regions such as the Americas, Africa, and the Middle East. It provides integrated oil and gas services, including engineering, procurement, construction, and installation (EPCI) services.

These companies international operations help them mitigate risks associated with being overly dependent on a single market or client.

To Our Success !
Captain Mabel Meow

1 week ago

#Mabel #InvestorKING Mabel, recommending you to buy Reneuco la, heard that a very strong catalyst, till end of September or early of October,will fly high
06/09/2024 1:56 PM

#Icon 888 Buy reneuco better than sapnrg
06/09/2024 6:53 PM

Meow IK and Icon888…

Mabel will pass renueco as Mabel already have enough exposures in Bursa. Mabel will continue to hold PN 17 Sapnrg and Capital A as its not so heavy holding this ship. Beside Mabel loves to see a complete turnaround of this honest and hardworking companies. Here are the counters that Mabel are currently engaging. These companies are in KLSE Top 30 companies by market capitalization in 2024:
• Maybank (Malayan Banking Berhad) - RM 143.5 billion
• CIMB Group Holdings Berhad - RM 92.1 billion
• Petronas Chemicals Group Berhad - RM 47.0 billion
• Sime Darby Plantation Berhad - RM 33.0 billion
• YTL Power International Berhad - RM 30.4 billion
• IOI Corporation Berhad - RM 25.9 billion
• Kuala Lumpur Kepong Berhad - RM 24.6 billion
• Sunway Berhad - RM 23.5 billion
• Gamuda Berhad - RM 21.9 billion
• Sime Darby Berhad - RM 17.5 billion
• KLCC Property Holdings Berhad - RM 14.8 billion
• Yinson Holdings Berhad - RM8.98 billion
• Bank Islam Malaysia Berhad - RM5.89 billion.

To Our Success !

Captain Mabel Meow

1 week ago

Here are the ranking of Mabel's Banks based on their latest quarterly results (Q2 2024)- Dividend enough to cover Mabel's exposures in PN 17 Sapnrg and Capital A..

*Revenue*

Maybank: MYR 14.92 billion
CIMB: MYR 5.6 billion
BIMB: MYR 590.2 million

*Earnings (Net Profit)*

Maybank: MYR 5.02 billion
CIMB: MYR 1.96 billion
BIMB: MYR 137.2 million

*Dividend*

Maybank: 29 sen per share
CIMB: 27 sen per share
BIMB: 4.22 sen per share

To Our Success !

Meow Meow Meow

1 week ago

OKU_2020

Oil further collapsed....
WTI USD 66 👹
Brent USD 69 👺
Gloomy industry ahead👿

1 week ago

OKU_2020

DEAD RAT..!!👹👺

1 week ago

abidinaa

US trying to squeeze Russia and Iran now by pumping from their reserve but for how long?Must wait announcement from OPEC+. Looks like sucker bilis fried oledi for time being.

6 days ago

Quarter coming. Any info? 🙈🙉

6 days ago

Anytime from 27-Sep T#1

To Our Success !

6 days ago

my guess if without impairment cost---there will be a net profit mainly comes from strengthening of ringgit
bcos SAP loan are in US$ ( 10billion ) Operating Expenses and finance cost will Drop--- DonT think revenue will exceed 1.1Bil
So expectation is around 100mil profit ( if God approves---hahaha )

6 days ago

as long as green quarter then qualify for one of the requirements for plans to get out of pn17

6 days ago

Well SinGor the revenue and profit expectations seem optimistic but reasonable, considering the potential improvements in their financial situation. Let’s hope for the best!

5 days ago

While Magician Tony is taking PN 17 Capital A to the next level, Honest and Hardworking Anuar PN 17 Lady Sapura has been busy with the Brazilian Ambassodar this weeks. In Shaa Allah they will be reporting Lady QR soon by 27th September. Here are some key points:

Contract Renegotiation: Sapura Energy is indeed renegotiating unprofitable contracts while completing ongoing projects.

Progress in Recovery: The company has made significant progress in its recovery efforts and is on track to exit PN17 status next year.

Debt Restructuring: Key steps include debt restructuring, a solid business plan, and securing 75% lender support for the Proposed Restructuring Scheme (PRS).

Financial Outlook: Mabel expectation of a net profit without impairment costs, driven by the strengthening of the ringgit and reduced operating expenses and finance costs. Sapura Energy’s loans are in USD, and a stronger ringgit could positively impact their financials.

5 days ago

Ringgit continues to strengthen wohoo

3 days ago

Yes T#1. The strengthening of the ringgit could indeed have a positive impact on their financials, especially considering their loans are in USD. Reduced operating expenses and finance costs would also contribute to a healthier bottom line.

SinGor revenue expectation of around RM1.1 billion seems reasonable given the current market conditions. If they manage to achieve a net profit of around RM100 million without impairment costs, that would be a significant turnaround for the company.

Let’s hope for the best and see if your optimistic forecast comes true!

2 days ago

https://theedgemalaysia.com/node/726533

Global oil demand growth is “slowing sharply” as China’s economy cools, pushing prices to a three-year low, the International Energy Agency said. Chinese economic growth is slowing down, and the penetration of the transportation system by electric cars is going at a very strong pace

World consumption increased by 800,000 barrels a day in the first half of the year, barely a third of the expansion in the same period of 2023, the adviser to major economies said in a monthly report. It’s the lowest rate since oil demand crashed during the 2020 pandemic.

Oil prices slumped below US$70 a barrel in London on Wednesday for the first time since late 2021 on concern over data from both China and the US, the world’s top two oil consumers. A major disruption to Libyan output and prolonged supply curbs by the Opec+ alliance have done little to arrest the slide.

1 day ago

dompeilee

Lol...up 14% on random days a month ago with NO HOPE of anyone Q-ing @ 4c able to get out of any significant position...now DOWN 14% with those who bought @ 3.5c unable to get out for the same price (losing commissions) with 19+ mil shrs Q-ing to sell...joke company! Crook robber boss bought 19 mil shrs 3 yrs ago @ 10c now lo$ing $1.235 mil on that position. Tiny pay cut for the billion$ he songlap fr the co. & by extension, from PNB & ASB!😊

1 day ago