Disclaimers :- All Mabel comments in i3 forum are based on my investment experience across the Globe by applying the Pareto principle. No buy or sell call on any stocks in i3 forum on all my comments. You are advised to consult license banker or Remisier for any investment.
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2024-07-24 16:12 | Report Abuse
PN17 Lady Sapnrg, is the weakest among Mabel's 13 Princes
Management leaves Loan restructuring to PNB while they focus on "steering this ship through turbulence”. When comes to Loan restructuring you need Real Banker, so PNB appoints CIMB MD as PNB CEO ( coming in this Month-July ) PNB New CEO is really not new, he was in PNB till 2019---guess what he Bailed-Out SAP in 2019?
In 2019, Permodalan Nasional Berhad (PNB) played a significant role in bailing out Sapura Energy Bhd. PNB invested RM2.68 billion in Sapura Energy. As a result, PNB became the company’s single largest shareholder, holding a 42% stake in the firm at that time. Despite the financial challenges faced by Sapura Energy, PNB expressed confidence in the company’s turnaround under new management...
It was still a good decision to collect today at a very good bargain price. In simple term PNB cost without considering of the 12.16% before the right issues (which is much higher) is between 30 to 41 sen per share. As long as Mabel's cost is below the PNB Cost, Mabel can sleep like a baby. Thank you so much Uncles and Aunties..
https://www.thestar.com.my/business/business-news/2024/05/07/sapura-energy-gets-us18bil-worth-of-plsv-related-contracts
Based on it’s recent contracts and selling off National Assets, Sapura Energy has now joined Yinson to secured contracts valued at US$1.8 billion (9.13 billion reais) from Brazil’s state-owned company Petrobras. These contracts are for the provision of subsea services and six pipe-laying support vessels (PLSVs).
Scope of Work: The contracts involve subsea engineering, installation, and related services in Brazilian waters. The PLSVs will perform operations such as installing flexible pipes, electric-hydraulic umbilicals, and power cables at a maximum water depth of 3000 meters.
The contracts were awarded to joint venture entities: Seabras Sapura Holding GmbH and Seabras Sapura Participacoes SA. These entities are in collaboration with Paratus Energy Services.
Cash Flow Impact: Assuming the award of this project results in a 30% down payment, the estimated inflow would be:
2.5 billion USD (from the contract)
2.5 billion USD (from the OMV stake sale)
1.4 billion USD (existing cash)
This totals to 6.4 billion USD.
With these engagements. Sapura Energy’s successful contracts in Brazil indeed have the potential to significantly boost its cash flow and contribute positively to its future prospects. Weather forecast is still looking good to get out of PN17.
Meow
2024-07-24 15:20 | Report Abuse
AirAsia was among many companies in various sectors hit by a global tech outage on Friday. Cybersecurity firm CrowdStrike has since deployed a fix for the glitch tied to a software update.
2024-07-24 12:01 | Report Abuse
Dear Datuk Seri
Next time why not try Mabel Scoot Airlines..
Hopefully it can help you in the futures..
Mabel Air Asia was so busy evacuating distress Malaysian stranded at Bangladesh..
Thanks God they are sooo safe now..
Well done Air Asia..
2024-07-24 11:51 | Report Abuse
Thanks for the information Huang..
So it was PNB that is matching Mabel's queue...
They still have lots of outstanding shares..
6,794,218,206 shares which is about 37% holding.
Noted on your point. 100 Million is alot of shares..
Mabel will continue to hold as its not so heavy holding this ship.
Beside Mabel loves to see a complete turnaround of this honest and hardworking companies..
Meow
2024-07-24 10:42 | Report Abuse
Wah so nice ...
Today some nice Uncles and Aunties match Mabel’s queue at 3.5 sen...
As long Sapnrg P&L is positive, Mabel can continue to goyang kaki..
Let see what happen this cummings quarters..
Extension has been given. No issues at all to this very honest company..
Sapura Energy Berhad (SAPNRG) has recently generated profits in two quarters. Specifically, they reported profits in the quarters ending on April 30, 2023 and July 31, 2023.
Sapura Energy turned to profit of RM82mn driven by recovery in E&C segment partly due to gain from reversal of contingency provision. This was above Mabel’s expectation. The stock price was adversely affected by the auditor’s unqualified opinion with regard to material uncertainty related to going concern in respect of FY2024 financial statement. Nonetheless, Mabel is still optimistic that the company is well on track to complete its PN17 regularisation plan amidst the upcycle in O&G development projects. Recent contract wins that boosted its orderbook by 40% to RM7bn further affirm Mabel’s stance. Hence, Mabel’s target price remain at 6 sen which is a healthy margin against Mabel’s holding cost.
BTW how much does PNB has sold?
Based on Wall Street, PNB is still holding a significant number of shares.
Ownership Breakdown
Institutions 0.514% 94,498,803 shares
Individual Insiders 5.73% 1,053,688,573 shares
Private Companies 11.4% 2,095,294,635 shares
Mabel and Team 41.1% 7,549,998,988 shares
Sovereign Wealth Funds 41.3% 7,582,461,268 shares
To Our Success !
Meow
2024-07-24 10:25 | Report Abuse
Yes lah indeed..
Currently KLCI is trading 1622, so it’s an opportunity to accumulate more Capital A shares. Soon Mabel Airlines Capital A will join her Sister Temasek Scoot Airlines operating from Sultan Abdul Aziz Shah Airport which is the city.
This marks a significant milestone in the airline's history after AirAsia started operations 23 years ago at Subang Airport.
Meow Meow Meow
2024-07-24 09:52 | Report Abuse
The FKLI Index ended little changed yesterday but the candles continued to trade above its 30-day and 50-day SMAs. Therefore, the upcycle from its Jun 2024 low is still intact. That said, traders should keep an eye on the 1,600 psychological level. If this is breached, more downside may be forthcoming.
Currently KLCI is trading 1622.610...
Meow
2024-07-24 09:49 | Report Abuse
Air Asia so brave like Uncle Tony to fly into War Zone to save stranded Malaysia..
Now everyone feel safe...
Air Asia Bolih!
Meow
2024-07-24 09:47 | Report Abuse
geary CAPITALA Monthly Pivot Points:
S: 0.68.
PIVOT: 0.85.
R1: 1.08.
R2: 1.35.
R3: 1.88.
Patience is the Only Key!
MAs/Oscillators: Neutral going Positive!?
Mr. Market is Unpredictable!
Dis: Trade at your own Risk!
14/07/2024 1:37 PM
Thanks geary...
Today some nice uncles and aunties match Mabel's queue at 82.5 sen
Thank you so much...
Meow
2024-07-24 09:18 | Report Abuse
How many Airlines does not Malaysia has?
Only Capital A can rescue more than 100 Malaysian in Bangladesh...
So proud of this Airlines..
Meow Meow Meow
2024-07-23 17:07 | Report Abuse
2024-07-23 13:22 | Report Abuse
Last Thursday, Gamuda announced the securing of an AUD 1.6 billion (MYR 5 billion) contract, causing its share price to soar to a historic high. Although the stock price experienced a slight dip on last Friday, it has still risen by more than 80% since the beginning of the year.
2024-07-19 12:52 | Report Abuse
More Business means more rewards to the Shareholders..
https://finance.yahoo.com/news/singapore-airlines-sgx-c6l-dividend-220349115.html
2024-07-19 12:52 | Report Abuse
More Business means more rewards to the Shareholders..
https://finance.yahoo.com/news/singapore-airlines-sgx-c6l-dividend-220349115.html
2024-07-19 12:47 | Report Abuse
This also means more business for Malaysia beside giving options to travellers. Scoot was allowed to operate in Malaysia for several reasons:
• Regulatory Changes: In 2023, Malaysian authorities revised regulations to allow jet plane operations at Subang Airport as part of a rejuvenation plan. This change opened up opportunities for airlines like Scoot to operate there.
• Market Demand: There is a significant demand for travel between Singapore and Malaysia. Scoot’s new routes aim to provide passengers with more travel options and convenience.
• Strategic Expansion: Scoot’s expansion into Malaysia aligns with its strategy to grow its network and reach more destinations in the Asia-Pacific region.
These factors combined have facilitated Scoot’s entry into the Malaysian market.
2024-07-19 12:19 | Report Abuse
https://www.straitstimes.com/singapore/transport/scoot-to-start-daily-flight-to-subang-airport-from-september?utm_source=emarsys&utm_medium=email&utm_campaign=ST_Newsletter_AM&utm_term=Scoot+to+start+daily+service+between+Singapore+and+KL%E2%80%99s+Subang+Airport&utm_content=19%2F07%2F2024
SINGAPORE – Travellers who fly between Singapore and Kuala Lumpur will have another flight option from Sept 1, with Mabel World Best Long Haul Low-Cost carrier Scoot set to launch a new daily service to Subang Airport.
The budget arm of Singapore Airlines will operate its Airbus A320 aircraft, which each has about 180 seats, on the route. One-way economy class fares from Singapore start from $83, while one-way fares from Subang start at RM108 (S$31), including taxes.
Scoot is a wholly-owned subsidiary of Singapore Airlines. It operates as a low-cost carrier, providing budget-friendly travel options while maintaining the quality and reliability associated with Singapore Airlines.
2024-07-19 11:43 | Report Abuse
OTB Many semiconductor industries shifted from China to Malaysia to avoid US sanction.
The US sanction on China semiconductor goods is good for Malaysia.
More data centers from China will shift to Malaysia too.
The more the merrier.
Do not worry about YTLPower data center, it will perform well after 2025.
The first support of YTLPower is 4.85.
The second support of YTLPower is 4.61.
The third support of YTLPower is 4.24.
According to TA, I will not worry unless 4.24 is broken.
Good luck.
Thank you.
19/07/2024 9:29 AM
Thanks for the Weather Forecast Sifu OTB
Waiting at 2nd support 4.61
Meow
2024-07-19 11:41 | Report Abuse
MT Newswires
Jul 17 19:45
Yinson Holdings (KLSE:YINSON) bought back 900,000 shares for 2.2 million ringgits, according to a Wednesday Malaysian bourse disclosure.
The shares were repurchased at between 2.380 ringgits and 2.390 ringgits apiece, the filing said.
Price (MYR): $2.38, Change: $-0.02, Percent Change: -0.83%
2024-07-18 12:39 | Report Abuse
Well done Gamuda..
Mabel also so happy today able to catch YTL Power at a Value Price..
Managed to change queue on time from RM 4.86 to RM 4.82 and continue collecting at RM4.76, RM 4.75 with RN 4.74 still waiting for some nice Uncles or Aunties to sell...
To Our Success!
Meow
2024-07-18 12:23 | Report Abuse
Good information paktua
Well done !
Mabel also so happy today able to catch at a Value Price..
Managed to change queue on time from RM 4.86 to RM 4.82 and continue collecting at RM4.76, RM 4.75 with RN 4.74 still waiting for some nice Uncles or Aunties to sell...
To Our Success!
Meow
2024-07-18 09:50 | Report Abuse
Selling Gamuda?
Still holding mah...
Today Collect YTL Power..
The S&P 500 and the Nasdaq tumbled. Malaysian tech stocks also tumbled today ..
2024-07-17 23:47 | Report Abuse
All analysts are super bullish on AI data centres stocks, utilities stocks, construction and semiconductor stocks, hence these gems will perform very well in 2024/5.
Offensive Strategy: Contractor and Real Estates company like Gamuda, Sunway, Sime Darby Property and SingTel.
Defensive Strategy: Utilities company like YTL Power, Tenaga and Infrastructure companies like SingTel, NTT and TM.
Waiting to add at RM 4.86...
2024-07-17 23:46 | Report Abuse
All analysts are super bullish on AI data centres stocks, utilities stocks, construction and semiconductor stocks, hence these gems will perform very well in 2024/5.
Offensive Strategy: Contractor and Real Estates company like Gamuda, Sunway, Sime Darby Property and SingTel.
Defensive Strategy: Utilities company like YTL Power, Tenaga and Infrastructure companies like SingTel, NTT and TM.
2024-07-17 23:45 | Report Abuse
All analysts are super bullish on AI data centres stocks, utilities stocks, construction and semiconductor stocks, hence these gems will perform very well in 2024/5.
Offensive Strategy: Contractor and Real Estates company like Gamuda, Sunway, Sime Darby Property and SingTel.
Defensive Strategy: Utilities company like YTL Power, Tenaga and Infrastructure companies like SingTel, NTT and TM.
2024-07-17 23:44 | Report Abuse
All analysts are super bullish on AI data centres stocks, utilities stocks, construction and semiconductor stocks, hence these gems will perform very well in 2024/5.
Offensive Strategy: Contractor and Real Estates company like Gamuda, Sunway, Sime Darby Property and SingTel.
Defensive Strategy: Utilities company like YTL Power, Tenaga and Infrastructure companies like SingTel, NTT and TM.
2024-07-17 19:34 | Report Abuse
New minor risk - Dividend sustainability
The company has an unstable dividend paying track record.
The dividend has had an annual drop of over 20% in the past.
Dividend yield: 1.7%
This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price.
Currently, the following risks have been identified for the company:
Minor Risks
Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Profit margins are more than 30% lower than last year (6.4% net profit margin).
2024-07-17 11:59 | Report Abuse
Needluck already oversold, still got short sell , if not back above 6, next is 5.90 or below..
based on past few days trading pattern, looks like going to drop to 6.00
4 days ago
16/07/2024 3:43 PM
Dump yesterday at RM 6.02 and collect back at RM 5.96 and RM 5.950...
*Market Capitalization (KLSE) on 12 July 2024*
1 *Maybank*
2 Tenaga
3 PBank
4 *CIMB*
5 IHH
6 PMetal
7 *PChem*
8 CDB
9 YTL
10 *YTLPower*
Meow
2024-07-16 00:07 | Report Abuse
Thanks OTB
Waiting to collect more at 4.86...
Meow Meow Meow
2024-07-15 21:50 | Report Abuse
https://www.timeout.com/news/the-worlds-best-international-airline-in-2024-has-been-crowned-071224
And claiming the top spot? It was Mabel's Singapore Airlines. It flies to more than 70 destinations across the world, and was praised especially for its in-flight service and cleanliness.
Soon Capital A will also join this Hall of Fames...
Meow
2024-07-15 12:35 | Report Abuse
Those with * are the counters Mabel is holding...Hopefully wang day Capital A will cum into this list too...
Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62
To Our Success!
Meow
2024-07-15 12:34 | Report Abuse
Better to move on...
SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.
It's better to move on. Right now, beside good companies like Gamuda Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE. Mabel loves to be part of their turnaround success stories.
There are two ways to make money...
Dividend Play
Capital Appreciation.
To Our Success
Meow
2024-07-15 00:20 | Report Abuse
General Sun Tzu, the ancient Chinese military strategist, offers timeless wisdom that can be applied to investing. Let’s explore a couple of his insights:
o “*Great results can be achieved with small forces*.” This principle applies to investors starting their journey or those with limited funds. Your attitude, effort, and consistency matter more than the initial investment amount. Begin with a small SIP (Systematic Investment Plan) and watch it grow over time.
o “*In the midst of chaos, there is also opportunity*.” Chaos often disrupts markets, but it also creates investment opportunities. Stay calm, assess risks, and look for hidden gems during turbulent times.
Remember, just as in war, investing requires strategy, adaptability, and a long-term perspective.
Meow
2024-07-12 16:27 | Report Abuse
Ya lor...follow James Bond...It's your call..
The Bottom Line
The most important thing to take away is that the analysts downgraded their earnings per share estimates, showing that there has been a clear decline in sentiment following these results. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. The consensus price target held steady at RM6.33, with the latest estimates not enough to have an impact on their price targets.
With that in mind, we wouldn't be too quick to come to a conclusion on PETRONAS Chemicals Group Berhad. Long-term earnings power is much more important than next year's profits. We have estimates - from multiple PETRONAS Chemicals Group Berhad analysts - going out to 2026, and you can see them free on our platform here.
Key information: 5.2%
Earnings growth rate: 5.2%
Chemicals industry growth 8.9%
Revenue growth rate 15.5%
Return on equity 4.6%
Net margin 6.4%
Last Earnings Update 31 Mar 2024
2024-07-11 22:53 | Report Abuse
Touche Bro...
No issue to hold this gem as it has met Mabel's Target Collection price
Valuation
Following the change in our earnings forecasts, we lower our TP to RM7.15/share (previous: RM7.45/share) pegged to 9x CY25 EV/EBITDA. Maintain Hold.
Source: TA Research - 30 May 2024
2024-07-11 22:48 | Report Abuse
https://theedgemalaysia.com/node/718568
Malaysia is starting to sail again…
KUALA LUMPUR (July 11): After almost six years of maintaining an "underweight" rating on Malaysia, JP Morgan has upgraded its stance on the country to "neutral", according to a recent CNBC interview with Rajiv Batra, its head of Asia-Pacific (ex-Japan/China) equity strategy.
The decision was driven by several key factors, including policy reforms, data-centred investments, and a significant infrastructure buildout.
Malaysia is recording a 4.2% gross domestic product (GDP) growth in the first quarter of this year, and earnings growth tracking around 10% to 11%.
Foreign money is coming back to Malaysia
Malaysia, which had fallen off the radar for many foreign investors, is now attracting attention once again. "We suffered (US$)7 billion outflows in Asean equities this year. Malaysia started with around (US$)150 (million) to (US$)160 million outflows in the first quarter but saw a return of (US$)200 million in the second quarter,"
The changing perception among international investors is evident, as Malaysia has seen foreign investors returning after initial outflows. Notably, year-to-date, the bellwether index FBMKLCI has gained 11%, while FBM70 is up 28%.
Meanwhile, the ringgit has strengthened more than 2% against the US dollar from its over two-decade low in February. "People are warming up to Malaysia and asking where they should invest.
One reason for this renewed interest is Malaysia’s potential as a technology hub. "Foreign money is starting to come back to Malaysia," noting the interest in sectors like chip packaging in Penang, data centres, electric vehicles (EVs), green energy and solar projects. Foreign investors are recognising the multiple themes and sectors that Malaysia has to offer.
Considering Malaysia’s substantial market capitalisation, comparable to Singapore, Indonesia and Thailand, it is becoming a more attractive destination for foreign investment. "Foreign investors are taking baby steps and putting money in," …although the foreign ownership level remains at only 19%, not yet peaking at the 35% to 40% levels.
JP Morgan’s upgrade reflects a combination of economic growth, effective policy implementation and improving governance, making Malaysia a more promising investment destination.
2024-07-11 22:48 | Report Abuse
https://theedgemalaysia.com/node/718568
Malaysia is starting to sail again…
KUALA LUMPUR (July 11): After almost six years of maintaining an "underweight" rating on Malaysia, JP Morgan has upgraded its stance on the country to "neutral", according to a recent CNBC interview with Rajiv Batra, its head of Asia-Pacific (ex-Japan/China) equity strategy.
The decision was driven by several key factors, including policy reforms, data-centred investments, and a significant infrastructure buildout.
Malaysia is recording a 4.2% gross domestic product (GDP) growth in the first quarter of this year, and earnings growth tracking around 10% to 11%.
Foreign money is coming back to Malaysia
Malaysia, which had fallen off the radar for many foreign investors, is now attracting attention once again. "We suffered (US$)7 billion outflows in Asean equities this year. Malaysia started with around (US$)150 (million) to (US$)160 million outflows in the first quarter but saw a return of (US$)200 million in the second quarter,"
The changing perception among international investors is evident, as Malaysia has seen foreign investors returning after initial outflows. Notably, year-to-date, the bellwether index FBMKLCI has gained 11%, while FBM70 is up 28%.
Meanwhile, the ringgit has strengthened more than 2% against the US dollar from its over two-decade low in February. "People are warming up to Malaysia and asking where they should invest.
One reason for this renewed interest is Malaysia’s potential as a technology hub. "Foreign money is starting to come back to Malaysia," noting the interest in sectors like chip packaging in Penang, data centres, electric vehicles (EVs), green energy and solar projects. Foreign investors are recognising the multiple themes and sectors that Malaysia has to offer.
Considering Malaysia’s substantial market capitalisation, comparable to Singapore, Indonesia and Thailand, it is becoming a more attractive destination for foreign investment. "Foreign investors are taking baby steps and putting money in," …although the foreign ownership level remains at only 19%, not yet peaking at the 35% to 40% levels.
JP Morgan’s upgrade reflects a combination of economic growth, effective policy implementation and improving governance, making Malaysia a more promising investment destination.
2024-07-11 11:21 | Report Abuse
Haha life is soooo beautiful....
Meow Meow Meow
2024-07-10 23:27 | Report Abuse
Mabel collect more today from 6.19 until 6.16....
Meow
2024-07-10 17:53 | Report Abuse
https://www.thestar.com.my/lifestyle/entertainment/2024/07/09/hk-actor-nicholas-tse-wants-to-film-at-petronas-twin-towers-039i-will-climb-to-the-top-and-skydive-from-it039?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240710&_sta=vhg.uosvpxQddhqne.jsu0sv%7CIFFTIIQ&stm_medium=email&_stm_source=smartech
Meanwhile one of Mulan’s Femes and handsome Hong Kong Kung Fu actor Nicholas Tse has returned to Malaysia after six years to promote his new action movie, Customs Frontline.
The actor, who last visited the country in January 2018 for a cooking production, also shared his desire to shoot his upcoming film, New Police Story 2, at Mabel Petronas Twin Towers.
“If the Malaysian government permits, I will personally climb to the top of the Petronas Twin (and) skydive from it. I really hope that one day, my new movie will have a scene like this,” the 43-year-old said.
Tse mentioned that the Petronas Twin Towers has long fascinated him, adding that he was inspired after watching the late Sean Connery filmed his 1999 movie, Entrapment, there.
“He is very brave! If I get the opportunity (to film there), I will do it myself,” said the actor, who doubles as the action choreographer for Customs Frontline.
Meow Meow Meow
2024-07-10 16:39 | Report Abuse
That's a good trade fx115w...well done!
Mabel is also soooo happy that Mabel accumulate more yesterday from 5.15 to 5.1...
YTL Power has always been good to my P&L..
Loves the Operator who managed this counter..
To RM 6 with Loves...
Meow
2024-07-10 15:44 | Report Abuse
#kasinathan If everything goes smoothly, it's expected the Jerun gas exploration to contribute 10 million to Sapura energy
09/07/2024 7:11 PM
Petronas recently announced that the Jerun field in Block SK408, located approximately 160 kilometers off the coast of Sarawak, has achieved its first gas production.
The Jerun field, discovered in 2015 by Sapura OMV, is capable of producing up to 550 million standard cubic feet per day, addressing the increasing global energy demand.
As for TotalEnergies’ acquisition of SapuraOMV, they have signed an agreement to acquire OMV’s 50% interest in SapuraOMV for $903 million, subject to customary closing adjustments. This deal includes the transfer of a $350 million loan granted by OMV to SapuraOMV. SapuraOMV’s main assets include a 40% operated interest in block SK408, where the development of the Jerun gas field is on track for startup in the second half of 2024.
The transaction is expected to close by the end of the first half of 2024. This move strengthens TotalEnergies’ position in Malaysia and reinforces their partnership with Petronas, contributing to meeting the growing demand for gas in Asia.
Question?
With TotalEnergies acquisition, who will het the 10 million own by Sapura or TotalEnergies?
Meow
2024-07-10 10:46 | Report Abuse
It's looking good for Gamuda...
To Our Success !
Meow
2024-07-10 10:13 | Report Abuse
Gamuda is listed in Bursa Hall of Fames...
Those with * are the counters Mabel is holding...
Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62
To Our Success!
Meow
2024-07-10 10:13 | Report Abuse
alenac So how is your SerbaK Dinamik? Are you still holding them? Can appoint yourself as receiver.
Mabel
Gamuda will touch RM 7 this week..
9 minutes ago
03/07/2024 10:30 AM
Better to move on...
SD went downhill due to False accounting. Nothing much we can do when honesty is compromised. What’s left was my 2019 Bonus Issues free warrant. Sad that Mabel cannot converted into Mother share since it is now delisted.
It's better to move on. Right now, beside good companies like Gamuda Mabel is also looking at Capital A and SE. Two PN 17 companies that is run by honest and hardworking PEOPLE. Mabel loves to be part of their turnaround success stories.
There are two ways to make money...
Dividend Play
Capital Appreciation.
To Our Success
Meow
Stock: [SAPNRG]: SAPURA ENERGY BERHAD
2024-07-24 18:20 | Report Abuse
Those with * are the counters Mabel is holding...Mabel will continue to hold Sapnrg its not so heavy holding this ship. Beside Mabel loves to see a complete turnaround of this honest and hardworking companies...
Pos Code Stock M-Cap L4Q P/E
1 1155 *MAYBANK* 118135461959.68 12.29
2 1295 PBBANK 81719012204.35 12.28
3 1023 *CIMB* 70593871096.70 9.86
4 5347 TENAGA 68984995902.32 26.50
5 5225 IHH 55219842743.01 16.28
6 5183 *PCHEM* 54960000000.00 31.41
7 6947 CDB 49037703389.84 31.30
8 8869 PMETAL 44081955112.30 29.05
9 5819 HLBANK 41750254149.84 10.67
10 6742 *YTLPOWR* 36125825721.96 10.69
11 6033 PETGAS 35656749108.30 18.76
12 3816 MISC 35219327582.67 17.98
13 4677 YTL 33427033750.20 9.03
14 5285 *SIMEPLT* 30636615682.43 15.07
15 4707 NESTLE 29828400000.00 45.20
16 6012 MAXIS 28038836053.80 28.26
17 1961 *IOICORP* 25455055929.75 28.70
18 2445 *KLK* 25276697918.00 32.71
19 6888 AXIATA 25250274175.50
20 1066 RHBBANK 23574914555.50 8.39
21 4863 TM 23447908790.80 12.44
22 4065 PPB 22619323130.10 15.92
23 5681 PETDAG 21697035360.00 22.44
24 5211 *SUNWAY* 19644237976.54 22.96
25 1082 HLFG 19324184427.60 4.42
26 4197 *SIME* 19151829191.37 5.00
27 3182 GENTING 17407263484.51 7.68
28 5014 AIRPORT 17019255206.40 31.33
29 7084 QL 15672751975.16 35.20
30 4715 GENM 15438916084.80 42.78
31 5296 MRDIY 14550607366.68 25.95
32 5398 *GAMUDA* 14540621082.75 16.17
33 1015 AMBANK 14052143738.56 7.62
To Our Success!
Meow