Mabel

Mabel | Joined since 2019-02-11

Investing Experience Advanced
Risk Profile High

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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2023-12-20 23:42 | Report Abuse

geary is very smart..

Mabel adores smart man..

Today we have the pleasure to engage with our Thailand Team. It was a very interactive engagement, and we cover many grounds during the one hour. One of the sectors we discussed is tourism. Forecast No of Tourism to Thailand is about 27 million for 2023.

Malaysia will surpass Thailand as the most visited country in Southeast Asia this year!

Malaysia received more 26.1 million foreign arrivals between January and November, making it the most popular destination in Southeast Asia this year. Full Year run rate will be 28.5 million.

Airlines, Hotel, businesses dealing with Tourists will have huge benefits. Forward Up trending is expected.

To Our Success!

Captain Mabel Meow

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2023-12-20 12:29 | Report Abuse

85.5 sen oledi...so nice

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2023-12-20 11:52 | Report Abuse

Extract from Maybank Report (Pg 23)

Investment themes. We recommend six (6) investment themes for 2024:

5) Tourism recovery – “Malaysia, Truly Asia” – beneficiaries are GENM (BUY), MAHB (BUY), CAPITALA (BUY), AAX (BUY), YTLREIT (BUY), INNATURE (HOLD), OPTIMAX (BUY);

Mabel Tiger Bank has never failed Mabel. He is like our Macho Magician Tony...BIG, STRONG and FRIENDLY..

To Our Success !

Meow

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2023-12-20 11:51 | Report Abuse

#geary Mabel
Now 84.5 sen oledi...Sigh...
Way above Mabel holding cost...

Yaloh...way above our cost of capital... already #5 years holding AirAsia/CapitalA.
Dividend:
#2018/0.52/share. #2019/1.02/share.
Already took back #1.54/share.
That's Why ..we not much to lose...even if delisted...!?
From Street Smart 🤓...it's an extension of RP.!?
Form Book Smart it's dead numbers n theories...don't have problem solving skills...even in risky scenarios...x🤔🤷🤓
20/12/2023 10:01 AM

Yes lah..It's oledi 85 sen...really loves those two beautiful Dividends ..they were so delicious. That's why Mabel keeps cumming for more..

Excluding the above two delicious bonus, Mabel ROI this year is 14.5%. Uncles and Aunties here so nice.

To Our Success

Captain Mabel Meow

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2023-12-20 10:16 | Report Abuse

Oil markets are finally focusing on geopolitical risk, with disruptions in the Red Sea pushing Brent up toward $79 and WTI above $73.

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2023-12-20 09:26 | Report Abuse

Now 84.5 sen oledi...Sigh...

Way above Mabel holding cost...

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2023-12-20 09:26 | Report Abuse

HuHuHu...so sad ...

No Uncles and Aunties wang to sell to Mabel at 82 sen...

HuHuHu...

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2023-12-19 17:51 | Report Abuse

Haha Sapnrg still steady...

Nice to see TG is most active counter for 2 consecutives days.

Yesterday TG shot above RM 1, today open at 0.975 and closed at 94 sen.

Still above Mabel 90 sen. Tomorrow QR will be released.

Meow

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2023-12-19 10:11 | Report Abuse

SIA to launch direct flights between Singapore and London’s Gatwick Airport in June 2024

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2023-12-18 22:52 | Report Abuse

Touché geary..

Extract from Maybank Report (Pg 23)

Investment themes. We recommend six (6) investment themes for 2024:

5) Tourism recovery – “Malaysia, Truly Asia” – beneficiaries are GENM (BUY), MAHB (BUY), CAPITALA (BUY), AAX (BUY), YTLREIT (BUY), INNATURE (HOLD), OPTIMAX (BUY);

Mabel Tiger Bank has never failed Mabel. He is like our Macho Magician Tony...BIG, STRONG and FRIENDLY..

To Our Success !

Meow

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2023-12-18 10:40 | Report Abuse

#TalkNumberOne Hahaha Mabel congrats siao lang hiding in the cave after striking another 100% wrong prediction.
18/12/2023 10:35 AM

Haha T#1, Felix and his Team are celebrating now at Top Gloves..

To Our Success !

Captain Mabel Meow

Stock: [TOPGLOV]: TOP GLOVE CORPORATION BHD

Dec 18, 2023 10:24 AM | Report Abuse

Felix666888 Thank you Mabel !!!
18/12/2023 10:13 AM

Well done Felix!

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2023-12-18 10:36 | Report Abuse

UlarSawa Sister Mabel. No marah lah. Not nice interrupting at here with long banner leh. Dispute settle at Janda Sapura there lah. Haiyoh. Correct?
18/12/2023 10:30 AM

Noted Ular...

All the best

Meow

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2023-12-18 10:24 | Report Abuse

Felix666888 Thank you Mabel !!!
18/12/2023 10:13 AM

Well done Felix!

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2023-12-18 10:23 | Report Abuse

UlarSawa Sister Mabel why post long banner at here. Post at Janda Supura enuf lah. Kacau at here buat apa. Uncle Huang takda mari sini few days already leh. You also follow JohnChew like this kah. Hang banner kah. Haiyoh. Correct?
18/12/2023 10:11 AM

Hihihi jangan marah Ular My brother...

Now you know why Auntie Huang loves to follow Mabel across i3 and walk 3 steps behind Mabel ..hihihi

Cheers my brother!

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2023-12-18 10:07 | Report Abuse

Haha Auntie Huang,

Told you oledi that TG will breach 90 sen..

Today TG is the most active stock in Bursa trading now at RM 1..

Well done Felix!

Captain Mabel Meow

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:58 AM | Report Abuse

Even though TG is still having period it has already smashed all targeted Moving Averages with Bullish Signals. It will breach 90 sen next week...

All the Best Felix!

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:38 AM | Report Abuse

Haha if you are still into Glove go for Kossan and Hartalega.

TG and Supermax still having period.

TG is the Dark Horse that will cum back...

Mabel decided to stick to two speculative counters...The Beautiful Lady Sapura and the Macho Capital A...

To Our Success!

Captain Mabel Meow

Stock

2023-12-18 10:06 | Report Abuse

Haha Auntie Huang,

Told you oledi that TG will breach 90 sen..

Today TG is the most active stock in Bursa trading now at RM 1..

If TG can do so can Capital A..

Well done Felix!

Captain Mabel Meow

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:58 AM | Report Abuse

Even though TG is still having period it has already smashed all targeted Moving Averages with Bullish Signals. It will breach 90 sen next week...

All the Best Felix!

Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:38 AM | Report Abuse

Haha if you are still into Glove go for Kossan and Hartalega.

TG and Supermax still having period.

TG is the Dark Horse that will cum back...

Mabel decided to stick to two speculative counters...The Beautiful Lady Sapura and the Macho Capital A...

To Our Success!

Captain Mabel Meow

Stock

2023-12-18 10:04 | Report Abuse

Haha Auntie Huang,

Told you oledi that TG will breach 90 sen..

Today TG is the most active stock in Bursa trading now at RM 1..

Well done Felix!

Captain Mabel Meow


Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:58 AM | Report Abuse

Even though TG is still having period it has already smashed all targeted Moving Averages with Bullish Signals. It will breach 90 sen next week...

All the Best Felix!


Stock: [SAPNRG]: SAPURA ENERGY BERHAD

Dec 1, 2023 8:38 AM | Report Abuse

Haha if you are still into Glove go for Kossan and Hartalega.

TG and Supermax still having period.

TG is the Dark Horse that will cum back...

Mabel decided to stick to two speculative counters...The Beautiful Lady Sapura and the Macho Capital A...

To Our Success!

Captain Mabel Meow

Stock

2023-12-18 09:17 | Report Abuse

https://www.businesstraveller.com/business-travel/2023/12/14/singapore-airlines-and-marriott-bonvoy-offer-status-match/
Starting this week, eligible members of the two programmes may receive a status match and take advantage of an accelerated pathway to obtain a higher elite status. SIA shares was up last week, closing at SGD 6.47.

SIA KrisFlyer Solitaire PPS Club, PPS Club, and KrisFlyer Elite Gold members will receive a status match to Marriott Bonvoy Gold, while Marriott Bonvoy Platinum, Titanium, and Ambassador members will receive a status match to the KrisFlyer Elite Silver tier.

Marriott Bonvoy Elite status benefits may include room upgrades, late check-outs, bonus points, welcome gifts, and more. Marriott International encompasses a portfolio of nearly 8,700 properties across more than 30 brands in 139 countries.

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2023-12-18 09:16 | Report Abuse

All 12 of Singapore Airlines’ (SIA) Airbus A380s have returned to the skies in the midst of a surge in demand for air travel. These double-deck planes had undergone work that involved the introduction of SIA’s latest long-haul suites, business class, premium economy class and economy class cabins.

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2023-12-18 01:08 | Report Abuse

Never fight the market, because the market is always right.

We take whatever the market gives us, and we are thankful for whatever we get.

What’s important is to be able to see the opportunities that the market presents, whichever way it goes — up or down.

Meow

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2023-12-17 13:08 | Report Abuse

#geary KUALA LUMPUR: Tunku Datuk Mahmood Fawzy Tunku Muhyiddin, has ended his service as chairman of AirAsia X on Dec 15, 2023, after having fulfilled his mandate to steer the long-haul budget carrier out of its financial malaise.

AirAsia X noted that following Mahmood Fawzy's appointment, AirAsia X turned around its financial position from 12 quarters of losses to registering five consecutive quarters of net profit.

It also recorded a positive shareholders’ equity, and demonstrated significant operational improvement across all other key metrics as evidenced in the third quarter of this year.

Based on its improved operating and financial performances, AirAsia x had on Nov 21, 2023, received Practice Note 17 upliftment from Bursa SC.

Tunku Datuk Mahmood Fawzy, will be appointed into, CapitalA Bhd.
AirAsia Newsroom, will announce, his position in CapitalA...!?
CapitalA Bhd: Neutral/Hold.
Trade at your own Risk!
17/12/2023 9:11 AM

Yes Good Reminder geary Dear. Always trade at your risk after all you are responsible for your own money and no one can help you to press the BUY and SELL Button....

Air Asia X’s turnaround strategy consists of the following elements:

Restructuring its debt and liabilities, which amounted to about $15.3 billion as of June 2020. The airline has proposed a scheme of arrangement to its creditors, which involves a haircut of 99.7% of the debt, a share consolidation, and a rights issue. The scheme is subject to approval by the creditors and the court.

Relaunching its operations with a focus on medium-haul markets, where the demand is strongest, and the competition is less fierce. The airline plans to increase its flights to 44 weekly across 10 routes from Malaysia, and 22 weekly across five routes from Thailand, in the next two months. The airline also aims to resume its flights to Japan, Korea, China, and Australia, once the travel restrictions are lifted.

Reducing its costs and increasing its efficiency, by using a single aircraft type (Airbus A330neo), optimizing its network and fleet utilization, renegotiating its contracts and leases, and streamlining its workforce and processes. The airline targets to achieve a unit cost of 3.5 US cents, which is about 70% lower than full-service airlines in the region.

Offering low fares and innovative products, to stimulate new market demand and attract more customers. The airline offers fares that are 30% to 50% lower than full-service carriers, and also provides ancillary services, such as baggage, meals, seats, and Wi-Fi. The airline also launched a new product called AirAsia Unlimited Pass, which allows customers to fly unlimited times within a year for a fixed price

You can read here if you want to know more…

https://newsroom.airasia.com/news/airasia-x-group-relaunch-strategy-gaining-strong-momentum#gsc.tab=0

To Our Success !

Captain Mabel Meow

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2023-12-16 23:28 | Report Abuse

It's all about managing expectation...

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

Unlike Mabel's Blue Chips, as Handsome sslee pointed out CapitalA ‘s financial is currently weak.

Mabel can wait until CapitalA is lifted from PN17 as my holding cost is below current trading price. Now is not the time to sell as it is trading below all the targeted Moving Average. If it breaches the 200 Moving Average maybe Mabel will sell perhaps above RM 1.00. Maybank Target is RM 1.01.

As Paul said, "Elephant walks slowly but as usual reach the final destination".

Fortunately Mabel has been in and out of this counter many times. This counter has been giving Mabel about 15% ROI (excluding previous two fantastic Dividend).

Have a great weekends everyone..

Meow

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2023-12-15 22:09 | Report Abuse

PT. Satu Sembilan Delapan (“SSD”), comes with 5,384 ha mature oil palm and its own palm oil mill in Kalimantan, achieved a 140% higher pre-tax profit of RM29.29 million last year due to stronger commodity price. The other Indonesian subsidiary, PT. Tekukur Indah has 1,497 hectares of undeveloped land adjacent to SSD’s estate is in the process of palm planting.

Earlier this year, Mabel KLK bought the IJM Plantation which another 61,277 ha of oil palm plantations located in Sabah and Indonesia.

To our Success!

Mabel, the Farmeow

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2023-12-15 20:51 | Report Abuse

Sometime in November, Mabel has given Darby Bhd the approval for the proposed acquisition of Permodalan Nasional Bhd's (PNB) 61.2% stake in UMW Holdings Bhd.

The group has launched a mandatory general offer (MGO) for the remaining UMW shares it did not already own. They have now are on target to fulfill all the conditions..

https://www.thestar.com.my/business/business-news/2023/11/16/sime-darby-gets-shareholders039-nod-for-umw-acquisition

To Our Success !

Meow

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2023-12-15 20:47 | Report Abuse

Raja138 UMW HOLDINGS BERHAD.
SHAHIN FAROUQUE BIN JAMMAL AHMAD
Type of change: Resignation.
Date of change: 13 Dec 2023
Reason: Completion of the proposed acquisition by Sime Darby Enterprise Sdn Bhd, an indirect wholly-owned subsidiary of Sime Darby Berhad, of 714,813,100 ordinary shares in UMW Holdings Berhad representing approximately 61.18% equity interest in UMW from Permodalan Nasional Berhad and AmanahRaya Trustees Berhad as trustee for the unit trust funds, as announced on 24 August 2023.
15/12/2023 8:34 PM

Raja138 Sapura Energy appoints PNB strategic investments head, SHAHIN FAROUQUE BIN JAMMAL AHMAD as director.
Sapura Energy emphasised Shahin's expertise in corporate restructuring, investment banking, and strategy, which will help with developing a robust debt restructuring and regularisation plan.
Sapura Energy chairman Datuk Mohammad Azlan Abdullah expressed the group's extreme satisfaction with Shahin joining Sapura Energy.
15/12/2023 8:37 PM

Mabel Sime Darby execution on UMW was almost faultless..

Happy to see that Shahin is now on board in Sapura Energy to strengthen this Battleship..

Thank you so much for sharing this fantastic development.

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2023-12-15 20:42 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/12/14/klk-acquires-more-than-90-stake-in-two-oil-palm-firms-for-rm27655mil?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20231215&__sta=vhg.uosvpxQddhqne.jsu0sv%7CFTUT&__stm_medium=email&__stm_source=smartech

Meanwhile since the marriage with BPlant does not materialize. Mabel KLK decide to proceed with a beautiful Indonesian Plantation

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) and its Singapore-incorporated wholly-owned subsidiary, KLK Plantations and Trading Pte Ltd, are acquiring more than a 90% stake in two Indonesian oil palm companies for a combined RM276.55mil.

Does anyone knows how big are these two plantation?

Meow

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2023-12-15 11:46 | Report Abuse

Felix666888 PMCorpse dropped from peak 0.37 in Nov 2013 to 0.24 in Dec 2013. Auntie Huang`s Sifu Calvin run road after that 35% massive price crash.

Auntie Huang karangtong in the PMCorpse forum said her sifu Calvin was on Sabbatical leave wo.

After that she also run road, hibernated for total 7 years!!!! OMG, so serious I don't know how much she lost 10 years ago. Maybe all her EPF saving!!!!
15/12/2023 11:28 AM

hihihi...

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2023-12-15 11:21 | Report Abuse

MrHuangBK Conmabel ah.. why never share theedge comment on core profit? Selective again?

🤣
15/12/2023 9:03 AM

Haha you mean Auntie Huang PMCorpes ke?

It has been a long time since the asset-rich but soooo cash-flow-light Auntie Huang group of companies undertook a corporate transaction in the country.

PM Corpes proposed the purchase of a 51% stake in A&W (Malaysia) Sdn Bhd for RM21 million, to be paid in cash and shares. The seller, Inter Mark Resources Sdn Bhd, will get RM11.6 million in cash, with the rest to be paid in Auntie Huang PM Corpes shares.

Haha no wonder hibernates for 7 years…hihihi

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2023-12-15 09:05 | Report Abuse

Haha much better than Auntie stuck at PMCorpes for 10 years...hihihi..

hibernation 7 years..hihihi..

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2023-12-15 08:58 | Report Abuse

Over the last 3 years on average, earnings per share has fallen by 17% ( due to financing costs, as well as the lack of access to bank guarantees and working capital from Madani) per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.

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2023-12-15 08:52 | Report Abuse

Sapura Energy Berhad

Share Price 7 Day 1 Year
0.05 25.0% 11.1%


Third quarter 2024 earnings released: EPS: RM0.002 (vs RM0.10 loss in 3Q 2023)

Third quarter 2024 results:
EPS: RM0.002 (up from RM0.10 loss in 3Q 2023).
Revenue: RM1.12b (down 11% from 3Q 2023).
Net income: RM30.9m (up RM1.65b from 3Q 2023).
Profit margin: 2.8% (up from net loss in 3Q 2023).

Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 4.9% decline forecast for the Energy Services industry in Malaysia.

Over the last 3 years on average, earnings per share has fallen by 17% per year but the company’s share price has fallen by 27% per year, which means it is performing significantly worse than earnings.

To Our Success!

Captain Mabel Meow

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2023-12-15 08:49 | Report Abuse

Haha Auntie Huang you so funny, cum bark bark bark at Sapnrg, straight get 6 months extension..hihihi...

Please continue bark, bark bark here, sure CapitalA get another 6 months extension ...hahaha

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2023-12-15 00:01 | Report Abuse

Energy Sector is OVERWEIGHT in 2024

The world has proven reserves equivalent to 46.6 times its annual consumption levels. This means it has about 47 years of oil left (at current consumption levels and excluding unproven reserves).

Why Are Billionaires Loading Up on Oil?

The most powerful investors in the world are loading up on energy investments.
Warren Buffett has invested over $50 BILLION.
Billionaire Ken Griffin increased his holdings by 150%.
Carl Icahn has made a billion-dollar bet!

Why exactly?

It may be because they see a continued rise of oil on the way.
JP Morgan analysts have pegged the future price of oil at $380 per barrel.
That would send oil companies skyrocketing.

Lady Sapura owned oil and gas reserves of 264,000,000 million barrels with a gross value of RM110.8 billion.

If restructuring plan not approved..

- PNB and Maybank lose money
- Sapura staff lose job
- Government can no longer get corporate tax from Sapura
- Government can no longer get Sapura employee income tax.
- Vendors lost business opportunities/projects from Sapura.
- Banks may not recovery borrow money
- White Knight not cumming..

*Conclusion - Too Big to fail*.

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2023-12-14 23:43 | Report Abuse

Meanwhile Shares of Lady Sapura (P1) were the most actively traded on Thursday across all Bursa securities, with 193.68 million shares changing hands though its share price was unchanged at five sen, valuing it at RM798.95 million.

KUALA LUMPUR (Dec 14): Sapura Energy Bhd has been granted a second extension of up to May 31 next year to submit its Practice Note 17 (PN17) regularization plan, which was supposed to be due on Nov 30, 2023.

“The extension of time would enable the company to continue building a robust regularization plan based on the ongoing debt restructuring exercise, which is well underway following the confirmation for its proposed restructuring scheme approval-in-principle from the Corporate Debt Restructuring Committee,” said Sapura in a stock exchange filing on Thursday (Dec 14).

Great progress this week with 3rd consecutive profits with restructuring plan to get out of PN17 is on target. 2 pending good news of Sapura to get out of PN17; Sale of SapuraOmv and White Knight

As announced in the last AGM, White Knight is expected to arrive in Q1 2024. Sapura's current market cap is about RM 800m, with Sapura selling OMV at a price of RM5.73b. Sapura's value will double, and the market cap should reflect the sale.

PNB, with its large holdings in Sapura, will need to increase the share price which reflects the real market value of Sapura. Rakyat is the largest shareholder of Sapura Energy when Amanah Saham Bumiputara owns 4,805,895,739 or 30.08% interest. This does not include Amanah Saham Malaysia 2 – Wawasan, Amanah Saham Malaysia 3, Amanah Saham Bumiputera 3 – Didik, Amanah Saham Nasional, and Amanah Saham Bumiputera 2.

Captain Mabel Meow

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2023-12-14 00:00 | Report Abuse

SinGor Quarter Result on 31-Oct-2023[#3] QoQ - -27.84% YoY - 203.33%.
_____________________________________________________________________
This print is very miss-leading ( - 27.84% YoY ).....The only thing I see is just SAP paid more TAXES????????
Exactly 4.26mil more Taxes ( The difference between profit YoY "before" Taxes is 1.4mil Less than last Qr )
Just 1.40mil LESS profit than last Qr----Screaming Headline 37% negative
13/12/2023 7:24 PM

2022 was a tough year for Sap. Despite their shortcomings, the AR report shows that they paid a total of RM 18.9 million in income tax for the year, which is equivalent to 2.4% of its profit before tax of RM 779.6 million. More to cum..

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2023-12-13 23:42 | Report Abuse

Haha ...It’s a Boy, Syabas Lady Sapura

Thanks God it's not Baby Huang.

Otherwise it will a 7 years hibernation...hahaha

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

Lady Sapura had a fantastic 2023 with 3 consecutives profits..

2024 will be much better

To Our Success!

Captain Mabel Meow

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2023-12-13 23:32 | Report Abuse

It’s a Boy, Syabas Lady Sapura

Thanks God it's not Baby Huang.

Otherwise it will a 7 years hibernation...hahaha

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

Lady Sapura had a fantastic 2023 with 3 consecutives profits..

2024 will be much better

To Our Success!

Captain Mabel Meow

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2023-12-13 22:33 | Report Abuse

Kuala Lumpur, 13 December 2023 : Summary of Q3 FY2024 financial results:

Revenue of RM1.10 billion
EBITDA of RM211 million
PATAMI of RM31 million
Order book at RM5.4 billion

Sapura Energy Berhad (“Sapura Energy”) and its subsidiaries (“the Group”) today announced the 3rd consecutive quarters financial results for the third quarter ended 31 July 2023 (“Q3 FY2024”), extending the positive performance shown since the beginning of the financial year. For the first nine-months ended 31 October 2023 (9M FY2024), the Group posted a revenue of RM3.2 billion. Cumulative PATAMI more than doubled to RM220 million in 9M FY2024 compared with about RM100 million in the same period of financial year 2023 (“9M FY2023”).

This is achieve despite multiple operational challenges which include escalating project and financing costs, as well as the lack of access to bank guarantees and working capital. These effects were more than offset by favourable foreign exchange differences recognised during the same period.

Currently, more than 70 percent of its order book are for contracts outside of Malaysia. As of the third quarter of FY2024, the Group’s Order Book stood at RM5.4 billion while the Order Book of its joint venture and associate entities stood at RM3.6 billion. Ten of its rigs are currently under contract in Malaysia, Thailand, and Africa. Sapura Energy recently opened a regional office in Woking, United Kingdom, to manage and pursue projects in West Africa and the Mediterranean.

The Group continues to progress its restructuring plan, which includes efforts to resolve its unsustainable level of debt and amounts owed to trade creditors. Sapura Energy has received confirmation from the Corporate Debt Restructuring Committee that at least seventy-five percent (75%) of the financiers of its approximately RM 10.3 billion in Multi-Currency Financing Facilities (“MCF Financiers”) have provided the requisite approval-in-principle for a proposed debt restructuring scheme (“PRS”). The approval in principle will facilitate court-convened meetings with all its creditors.

Nice and Lovely...

Meow

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2023-12-13 16:53 | Report Abuse

TalkNumberOne I so sad Mabel no say I smart. 🤣🤣🤣🤣
13/12/2023 4:39 PM

Haha Of Course Talk#1 has been smart from Day 1..it's given!

Very Cool and Calm. You are a GEMs in this Forum T#1..

To Our Success !

Captain Mabel Meow

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2023-12-13 16:35 | Report Abuse

Haha SinGor and Felix are pretty smart...

Now all our Lady need to do is to calm down and deliver (the QR). It doesn’t matter if it’s a Boy or a Gal Lady Sapura, the Sharks and Syndicates will push the price and volume..

Captain Mabel Meow

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2023-12-13 15:48 | Report Abuse

Mabel sincerely hope it's not Baby Huang that will be cuming out...hihihi..

Otherwise it will a 7 years hibernation...hahaha

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2023-12-13 15:47 | Report Abuse

https://www.sapuraenergy.com/press_release/sapura-energy-receives-financiers-approval-in-principle-for-proposed-restructuring-scheme/

Meanwhile, Mabel Lady Sapura is making great progress. All she need to do is to deliver a Boy or a Gal, soon her price will pump up ..

Kuala Lumpur, 13 December 2023

Sapura Energy Berhad (“Sapura Energy” or “the Company”) has received written confirmation from the Corporate Debt Restructuring Committee (“CDRC”) that at least seventy-five percent (75%) of the financiers of its approximately RM 10.3 billion in Multi-Currency Financing Facilities (“MCF Financiers”) have provided the requisite approval-in-principle for a proposed debt restructuring scheme (“PRS”). The confirmation marks a significant milestone in Sapura Energy’s Reset plan, which includes efforts to address its unsustainable level of debt and amounts owed to trade creditors.

For the second quarter ended July 31, 2023 (2QFY2024), Sapura Energy reported a net profit of RM42.8 million or 0.27 sen per share, against a net loss of RM2.59 million or 0.02 sen per share for 1QFY2024. Revenue slipped slightly to RM1.14 billion from RM1.17 billion.

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2023-12-13 11:22 | Report Abuse

Felix666888 Pity Huang Bok Kai chasing Mabel 3 streets away, but rejected by Mabel and offered him a job as her driver. Huang Bok Kai could not take it. 老羞成怒。
13/12/2023 11:16 AM

She told Mabel she want to be a writer..i3 writer...hahaha

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2023-12-13 11:10 | Report Abuse

OKU_2020 Mabel crying meow
13/12/2023 6:36 AM

TalkNumberOne Mabel please don’t cry for siao lang. instead pray 🙏 for siao lang, he needs a lot of luck to even recover back from his insanity.
13/12/2023 7:23 AM

Haha Mabel was sleeping like a baby..

Now having breakfast...

Pity Auntie Huang cannot sleep still crying after 7 years hibernation...hihihi..

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2023-12-13 11:07 | Report Abuse

#UlarSawa Cannot be lah. Ular know Sister Mabel very long already leh. Sister Mabel and Ular macam sister and brother relationship one leh. We dont declared war even we have different views one leh. But this Sister Felice is Mafia type of personality leh. Hati very fast panas and very action suka declare war with Ular just bcos Ular dont side her leh. Keisan. Haiyoh. Correct?

13/12/2023 10:14 AM

Haha Yes Lah..Mabel and Ular goes long way like Brother and Sister since 2019 when Sapnrg was trading above 25 sen. We have been in and out of Sapnrg enjoying delicious KFC. We also tango in FGV and Top Gloves enjoying our lobsters.

Hopefully this time we can all enjoy eating lobsters like FGV and Top Gloves…hihihi..

Cheers Ular

Meow

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2023-12-12 22:42 | Report Abuse

2023 is a great year for our CAPITALA as it has been reporting narrower and narrower losses.

2024 should be better...

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2023-12-12 22:39 | Report Abuse

https://www.thestar.com.my/business/business-news/2023/12/07/maybank-named-best-bank-in-asia-pacific-and-singapore

Mabel's Malayan Banking Bhd (Maybank) won top awards at The Banker’s Bank of the Year Award 2023, securing two prestigious awards as Bank of the Year in Asia Pacific and Singapore respectively.

Previously, Maybank was named Bank of the Year for Malaysia in 2018, 2020 and 2022 while Maybank Islamic was crowned Global Islamic Bank of the Year for three consecutive years between 2020 and 2022.

Valuation from Maybank for CapitalA: RM 1.01...

So Nice...

To Our Success !

Captain Mabel Meow

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2023-12-12 22:39 | Report Abuse

Financial Metrics
▪ Best financial indicator is core net profit ex-disposal gains, forex and fair value changes, and deferred taxation.
▪ Still forecast FY23E core net loss as passengers carried will be limited by measured aircraft redeployment.
▪ Forecast FY24E to generate net profit on passengers carried recovering and average fares rising.
▪ Sensitive to fuel price movement, a USD1 per barrel change in fuel price will move earnings by MYR40m-MYR50m.
▪ Balance sheet as at end-3Q23 in a net debt position of MYR3.72b if ex-finance lease liabilities.

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2023-12-12 22:32 | Report Abuse

Downside
▪ Exogenous events – SARS; MH370, MH17 & AK8501 tragedies; and COVID-19 negatively impacted passenger traffic growth.
▪ Fuel prices – they are volatile and there is no certainty that they will be hedged at low levels.
▪ Weak MYR – 60-70% of operating costs are USD denominated.