Right Dav...

As long it stays at 3 sen and above, it looks beautiful on Mabel P&L...hihihi

Back to 4 sen..hihihi

# stkoay So attractive, topped up during pre close at 8.05...
30/09/2024 5:00 PM

Indeed stkaoy..

CIMB is now in Pole Position after overtaking Gamuda in Mabel's 12 Portfolio, thanks for accumulating yesterday when at it was sold at a Bargain Price. KLCI is up by 1 points today..

CIMB has never failed to deliver when it matters!!!

To Our Success !!!

KUALA LUMPUR (Sept 30): Yinson Holdings Bhd’s (KL:YINSON) net profit fell 11.74% to RM203 million in the second quarter ended July 31, 2024 (2QFY2025), from RM230 million a year ago, on the back of lower revenue and as finance costs more than doubled.

Earnings per share came in lower at 5.6 sen in 2QFY2025, from 6.7 sen in 2QFY2024.

The oil and gas floating production storage and offloading (FPSO) asset operator declared an interim single-tier dividend of one sen per share, amounting to RM30 million. This brings its dividend payout to two sen per share for 1HFY2025.

Quarterly revenue dropped 31.19% to RM2.14 billion, from RM3.11 billion, mainly due to lower contribution from its engineering, procurement, construction, installation and commissioning (EPCIC) segment.

Finance costs, however, rose by RM243 million or 120% to RM445 million.

As at July 31, 2024, the group’s total loans and borrowings stood at RM19.58 billion, a 77% increase compared to RM11.06 billion a year ago. Its net gearing ratio currently stands at 1.84 times.

It said the increase in total outstanding loans and borrowings was mainly due to additional loan facilities being drawn down for project and working capital purposes.

For the first half of FY2025 (1HFY2025), its net profit also declined by 7.31% to RM406 million, from RM438 million in 1HFY2024, while revenue shrank by 28.95% to RM4.36 billion, compared to RM6.13 billion previously.

“The decrease in revenue was mainly due to lower contribution from EPCIC activities (based on progress of construction) as FPSO Maria Quitéria and FPSO Atlanta are expected to be completed by the end of FY2025,” it said.

The lower revenue was also due to the absence of the one-off effect of the exercise of the call option for the acquisition of FPSO Atlanta’s holding entity last year.

“This was partially offset by higher contribution from FPSO Anna Nery’s operations since first oil was achieved on May 7, 2023,” it added.

On prospects, Yinson sees expansion in all business units, including clean energy production and solutions, on top of its core FPSO projects.

“The demand for FPSOs is positive with the increase in project sanctions around the world particularly from Brazil, being the highest FPSO demand centre, followed by West Africa,” it said.

(Sept 30): More Chinese are headed to Europe and other far-flung hotspots during the Golden Week holiday that sees hundreds of millions in the country on the move, in the most robust signs of a travel rebound since the country reopened its borders.

Asian destinations from Japan to Malaysia are favoured during the week-long holiday that starts Oct 1, while some of the fastest-growing bookings are to long-haul spots including Belgium, Croatia, Nordic countries as well as the United Arab Emirates.

The recovery of overseas tourism from China is a critical metric for the global travel industry. Chinese holidaymakers, known for outspending tourists from most other countries before the pandemic, made 170 million trips abroad in 2019 and spent almost 1.7 trillion yuan (US$242 billion or RM998 billion) — making up 14% of global tourism spending, according to World Travel and Tourism Council data.

Malaysia’s capital city of Kuala Lumpur has seen a 142% increase in visitors compared to pre-pandemic levels, as well as double-digit growth to Hong Kong, Macau and Singapore where visa-free initiatives have boosted tourism..

Dav Yau Put money in Sapura is better than putting money in FD. By next year February you will get a return of 300%>>>>>lol
30/09/2024 2:19 PM

#kyliew White knight stories heard a lot but whether there's such existence only GOD knows... Haha.. Said it whatever you want to say
30/09/2024 4:34 PM

kyliew, you need to attend the AGM. This was mentioned by the board.

White Knight fully committed. Committed letter Feb 2024, Confidence to the lender, White knights significant help but remain anonymous...

They will appears when the times cum according to the Board. Mabel has more faith in Sapmrg 3rd Generation Leadership.

Sapnrg Leadership
1st Generation – Tan Sri Shamsuddin and Team
2nd Generation – Tan Sri Shahril and Team
3rd Generation – PNB and Team

Anyway, It's not too heavy to hold Sapnrg at 3 sen holding cost, can cover easily from Mabel's 3 Bank Dividends..

Beside it looks so green in Mabel's P&L...

Mabel is so excited from Capital A Turnaround story : PN17 to the Runway on Red Carpet with the biggest comeback from PN17 ever!

As Dav said, looking forward for another excitement with Sapnrg cum Next year...

Take it easy as there are many other counter to choose..stay out from Sapnrg if you don't believe in their turnaround story..

To Our Success

Meow

Today STI also soar another 13 points in the afternoon while our FBMKLCI is on a shake up starting the week with more than 7 points down. Fortunately it is trading above the 1st Support level of 1649…

Hence, Mabel used this opportunity to strengthen her Banking sector..

Today Mabel top up at 8.1 and 8...

So apy with today's collection...

Sotong so power...

To Our Success!

Meow Meow Meow

gadzooks Is it better to convert RCUIDS/Capitala-LA into mother share now (which will give more AAX shares but fewer Capitala shares after the disposal), or do it later immediately AFTER the disposal (which will result in more Capitala shares but fewer AAX shares after the disposal)?

Can anyone who has a good idea on this please share your views? Appreciate it, thanks.
30/09/2024 10:44 AM

Can anyone help our friend with this?

Mabel has no experience on RCUIDS as Mabel only buy mother shares..

Meow JR...

Well Cum Back Air Asia..

More Good News...

Capital A (AirAsia) has plans to rehire the employees who were retrenched during the COVID-19 pandemic. Group CEO Tony Fernandes has expressed a strong commitment to bringing back the 2,000 staff members who were let go. He mentioned that this goal is a priority for him and is confident that as the airline business picks up, they will be able to rehire these employees.

https://www.malaymail.com/news/money/2021/04/06/airasia-aims-to-re-hire-retrenched-employees-says-fernandes/1964237

RM 1.01 touch...

Life is soooo beautiful...

TalkNumberOne Surprisingly OKU king of terbalik no more noise. 😂😂😂😂 good for him la. Get to maintain 100% wrong prediction record. Perfect wrong. Have to respect this king of terbalik
30/09/2024 7:42 AM

hihihi

Cheers T#1

Mabel got so excited with Capital A - From PN17 to the Runway on Red Carpet with the biggest comeback from PN17 ever!

Soon it will cum to Sapnrg too...

Meow Meow Meow

From PN17 to the Runway on Red Carpet with the biggest comeback from PN17 ever!

No since BN and Najib lost in GE14...

Yesterday BN secured Mahkota by-election victory with nearly 100 per cent vote transfer from PH.

Let's hope for the best so they can take Sapnrg to the next level..

Capital A moving from PN17 to the runway https://www.thestar.com.my/business/business-news/2024/09/28/capital-a-moving-from-pn17-to-the-runway.

Capital A’s Journey: CEO Tony Fernandes describes the company’s progress using an aviation metaphor: “*We’re off the aerobridge and taxiing towards the runway*.” The company has faced significant challenges, including pandemic-induced hardships and lack of government support.

Exit from PN17 Status: Capital A is working to exit its financially distressed PN17 status. The plan involves restructuring and disposing of its aviation operations for RM6.8 billion.

Future Plans: Post-restructuring, Capital A will focus on four major business segments: Capital Aviation Services, Logistics, MOVE digital, and CAPI. The company aims to scale up these segments and eventually monetize their valuation through listing exercises.

Shareholder Impact: Shareholders will see changes in ownership stakes and potential dividends from the restructuring. An Extraordinary General Meeting (EGM) is scheduled for October 14, 2024, for shareholder approval. These steps are part of Capital A’s strategy to strengthen its business model and improve financial stability.

Captain Mabel Meow

Capital A moving from PN17 to the runway

https://www.thestar.com.my/business/business-news/2024/09/28/capital-a-moving-from-pn17-to-the-runway

Potential Santan Menu on Mabel Airlines. Just like Air Asia it all started with a humble beginning..

Kavievanan Subramaniam, a Malaysian engineering graduate, turned a RM500 investment into a thriving business selling masala chai from his bicycle.

Now, his venture, "Tea Thambi," earns close to RM100,000 a month, with multiple cafes, stalls, and a central kitchen, serving 2,000 to 3,000 cups of tea daily.

His story is an inspiring example of resilience, passion, and the power of listening to customers.

A Humble Beginning
Kavievanan, known as Kavi, graduated with a mechanical engineering degree but struggled to find a job during the pandemic.

With just RM500 in his pocket, he decided to try something unconventional—selling masala chai, a spiced Indian tea he learned to make from his mother.

Armed with nothing but a few basic supplies and a modified bicycle, he cycled 10 kilometers every day to sell tea around Kuala Lumpur’s city center.

The Road to Success
In the early days, Kavi sold fewer than 100 cups a day.

However, he persevered, taking customer feedback seriously and adjusting his recipe daily to perfect the taste.

After a year of trial and error, he nailed the flavor that quickly became a crowd favorite, offering masala chai that was both delicious and affordable.

The price range, from RM1 to RM4, made it accessible to the masses, and soon, his small business began to grow.

Going Viral and Expanding the Business
Kavi's business gained momentum during the pandemic when his tea started going viral on social media.

His authentic recipe, combined with his dedication and hard work, resonated with people, especially around areas like Brickfields and Masjid India.

As word spread, he expanded from one bicycle stall to five locations across busy districts such as Bukit Bintang and Lebuh Ampang.

*From Bicycle Stall to Central Kitchen*
Today, Tea Thambi is no longer a one-man operation.

Kavi now employs 17 staff members and operates from a central kitchen in Segambut to support the demand.

The business sells 2,000 to 3,000 cups of tea daily and has expanded its offerings to include coffee, snacks, and other traditional beverages like ginger tea.

His RM500 startup now generates close to RM100,000 a month through sales from his two cafes and five stalls.

Tea Thambi also caters to events across Malaysia, further boosting its revenue.

https://focusmalaysia.my/capital-a-to-quit-pn17-status-by-disposing-aviation-operation-for-rm6-8bil/

Meanwhile Capital A is also on target to exit PN17…

Once he’s out of PN 17, Foreign Fund will start Buying this 15X World Best Low-Cost Airlines.

*Summing up*

Sapnrg Leadership
1st Generation – Tan Sri Shamsuddin and Team
2nd Generation – Tan Sri Shahril and Team
3rd Generation – PNB and Team

Najib suggested that either Petronas should take over Sapura Energy or the company should receive government-guaranteed bank loans. Both of these proposals does not involve tax payers

Anwar opposed an immediate bailout, arguing that a forensic audit should be conducted first to identify any mismanagement or corruption.

Both are equally right and half of the work has been done with the 3rd Generation of Leadership.

So time will tell how to save once the 2nd Biggest O&G Company in the World with a Market Capitalization of RM 30 Billion with 10,500 high skill workers and 3000 vendors.

Yesterday BN secured Mahkota by-election victory with nearly 100 per cent vote transfer from PH.

Let's hope for the best so they can take Sapnrg to the next level..

The debate between Najib Razak and Anwar Ibrahim on May 12, 2022, focused significantly on the financial troubles of Sapura Energy Bhd (Sapnrg) and the broader economic implications.

Najib Razak’s Position:

Najib advocated for a bailout of Sapura Energy, emphasizing that its collapse would negatively impact the Malaysian economy and workforce.

He suggested that either Petronas should take over Sapura Energy or the company should receive government-guaranteed bank loans.

Najib highlighted that Sapura Energy employs over 10,500 locals and supports around 3,000 vendors, contributing RM92 billion to the local economy.

Anwar Ibrahim’s Position:

Anwar opposed an immediate bailout, arguing that a forensic audit should be conducted first to identify any mismanagement or corruption.

He compared Sapura Energy’s situation to other financial scandals in Malaysia, such as 1MDB, and stressed the need for accountability.

Anwar pointed out that the top management of Sapura Energy received high salaries despite the company’s poor performance.

This debate highlighted the contrasting approaches of the two leaders towards handling corporate bailouts and financial accountability in Malaysia.

Sapura Energy Berhad has shown resilience and improvement in its recent financial performance. Here are some key highlights:

Q1 FY2025:
Revenue: RM1.18 billion
EBITDA: RM147 million (13% margin)
PATAMI: RM82 million
Free Cash Flow: RM132 million
Order Book: RM7.0 billion, with joint ventures adding RM7.1 billion.

Q2 FY2025:
Revenue: RM1.2 billion
EBITDA: RM241 million (20% margin)
LATAMI: RM5 million (affected by foreign exchange losses)
Free Cash Flow: RM275 million
Order Book: RM5.9 billion, with joint ventures adding RM6.1 billion.

Despite some challenges, including foreign exchange losses and financial constraints affecting order book growth, Sapura Energy has managed to maintain positive operational performance across its key segments. The company is also focusing on restructuring its debt portfolio to mitigate risks and ensure greater stability

..you need to ask PMX...

https://www.bing.com/videos/search?q=Najib+vs+Anwar+debate+on+Sapnrg+YouTube+link&view=detail&mid=FB8CBE65BCDBB929E677FB8CBE65BCDBB929E677&FORM=VIRE&PC=HCTS

When the Malaysian Ringgit (MYR) strengthens, it can have several impacts on Sapura Energy Berhad (SAPNRG). Here are a few key points to consider:

Revenue Impact: If Sapura Energy earns a significant portion of its revenue in foreign currencies (like USD), a stronger MYR means that when these earnings are converted back to MYR, the amount will be lower. This can negatively impact the company’s reported revenue and profit margins.

Cost Management: On the flip side, if the company incurs costs in MYR, a stronger MYR can reduce the cost of imported goods and services, potentially improving operational efficiency and reducing overall expenses.

Debt Servicing: If Sapura Energy has debt denominated in foreign currencies, a stronger MYR can make it cheaper to service this debt, as fewer MYR are needed to meet the same foreign currency obligations.

Investment and Expansion: A stronger MYR can also affect the company’s investment and expansion plans. It might make foreign investments more attractive, as the company can get more value for its MYR when investing abroad.

Let's hope for the best !

https://www.thestar.com.my/business/business-news/2024/09/28/ringgit-likely-to-hit-rm355-to-us-dollar

#Income

My dearest Mabel, boleh cayakah Rm hit 3.55 per USD?
You really make me excited· haha good luck
28/09/2024 12:38 PM

Of Course, Malaysia Bolih !

https://www.thestar.com.my/business/business-news/2024/09/28/ringgit-likely-to-hit-rm355-to-us-dollar

Ringgit likely to hit RM3.55 to US dollar - 28 Sep 2024
BMI has a bullish view on the ringgit which it forecast to strengthen further as interest-rate differential between the United States and Malaysia narrows with further rate cuts by the US Federal Reserve (Fed) in 2024 and 2025.

Second quarter 2025 results:

EPS: RM0 (down from RM0.003 in 2Q 2024).
Revenue: RM1.21b (up 5.7% from 2Q 2024).
Net loss: RM5.23m (down 112% from profit in 2Q 2024).
Revenue is forecast to stay flat during the next 3 years compared to a 6.4% decline forecast for the Energy Services industry in Malaysia.

Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.

White Knight fully committed. Committed letter Feb 2024, Confidence to the lender, White knights significant help but remain anonymous...

They will appears when the times cum according to the Board..

As per last AGM White Knight is still on..

So happy sapu many tickets when it was at 3 sen....

As previously announced, the High Court of Malaya on June 6, 2024 granted Sapura Energy and certain of its wholly owned subsidiaries an extension of the Convening and Restraining Orders for a period of nine months until 10 March 2025. Following this, the Corporate Debt Restructuring Committee (“CDRC”) extended the standstill period for the Company and its relevant subsidiaries, up to 10 March 2025. The Group is currently drafting a proposed restructuring scheme (“PRS”) which will be voted upon by creditors during a court-convened meeting...

With PNB still holding majority stakes, that will never happen mah...

Back to 4 sen..

Under New Management which is honest and hardworking, Sapura's expertise in deepwater and subsea engineering could be an important asset as global demand for oil and gas exploration continues to increase in regions such as Brazil and West Africa. Any support and assistance may have helped Sapura focus on this high-value sector, where it has a competitive advantage. This focus could lead to higher margin contracts and a stronger global presence, positioning Sapura for long-term growth.

abidinaa Sorry I am outside now shopping for another safe. Maybe I need to upgrade to a vault. Hehehe
27/09/2024 10:47 AM

Haha Congrats abidinaa!

Meow Meow Meow

Resistance 2 level has been breached this morning. This is what I like about Magician Tony, he can work in Team with his shareholders...

Meow Meow Meow

https://www.thestar.com.my/business/business-news/2024/09/26/airasia-will-continue-seeking-licence-to-operate-in-singapore?utm_source=Smartech&utm_medium=email&utm_campaign=dailynewsalert&utm_content=20240927&_sta=vhg.uosvpxQddhqnejsu0sv%7CIFFJQUQ&stm_medium=email&_stm_source=smartech

AirAsia will not give up on securing a license to operate in Singapore, despite having been rejected three times, said Capital A chief executive officer, Tan Sri Tony Fernandes.

"Don’t block me in Singapore,” he said.

"Three times we had applied for an airline license, three times we were rejected. We have airlines in Cambodia, the Philippines, Indonesia, Thailand and Malaysia.

"We could get other ASEAN countries but Singapore has blocked us all the time because they protect their airlines,” he said after the grand opening of 14-line Asia Digital Engineering’s maintenance, repair and overhaul hangar at the Kuala Lumpur…

“I have no doubt that ADE could be as valuable as AirAsia in a pretty short period of time,” he said.

Sprawling more than 380,000 square feet, ADE’s 14-line aircraft maintenance hangar is now one of the largest in the Southeast Asia. ADE is expected to add another 14 lines to expand its capacity to serve more clients amid growing demand for such services.

ADE is now in talks with Malaysia Airports Holdings Bhd (KL:AIRPORT) for 10 of the new lines.

“In a very short period of time, this will be the biggest hangar [in terms of] number of lines in Asia,” Fernandes said.

ADE is also in discussions with Malaysia Airports to acquire an additional 20 acres within the Kuala Lumpur International Airport for development as a centre for maintenance, repair, and overhaul activities.

The current operations — offering services catering to various models including the Airbus A320 and A330 as well as Boeing 737 — is based out of the KLIA Aeronautical Support Zone 1 under Malaysia Airports' KLIA Aeropolis development.

$SAPNRG (5218.MY)$ disclosed a net loss of RM5.23 million for its second quarter ended July 31, 2024, attributing the downturn to financial challenges and potential forex losses. The company noted restricted order book growth due to limited working capital and bank guarantees, affecting major contract acquisitions. Despite increased quarterly revenue, the company reported a substantial drop in net profit for the first half of FY2025 and did not declare a dividend

Sapura Energy Berhad has shown resilience in its recent financial performance despite facing challenging conditions. Here are some key highlights from their Q2 FY2025 results:

Revenue: RM1.2 billion, a 5.8% increase year-on-year.
EBITDA: RM241 million, with an EBITDA margin of 20%.
Free Cash Flow: RM275 million.
Order Book: RM5.9 billion, with joint ventures contributing an additional RM6.1 billion.
Loss After Tax and Minority Interests (LATAMI): RM5 million, impacted by foreign exchange losses of RM 101 million.

Great Progress despite provision for Foreign exchange loss. The Group reported a loss after tax and minority interests (“LATAMI”) of RM5 million in Q2 FY2025, compared to RM43 million of profit after tax and minority interest (“PATAMI”) in the corresponding quarter of the previous year (“Q2 FY2024”). Foreign exchange losses totalling RM101 million, primarily due to the depreciation of the US dollar against the ringgit, weighed heavily on the Group's results. Excluding the effect of foreign exchange losses, the Group’s Q2 FY2025 adjusted PATAMI is RM96 million.


The Group is making good progress in the divestment of its 50 percent equity interest in SapuraOMV Upstream Sdn Bhd to TotalEnergies Holdings SAS, which is expected to close by next year. The portfolio rationalisation is a major step towards addressing the Group’s unsustainable debt and outstanding payables, while enabling the Group to maintain a sharp focus on its core capabilities in energy solutions.

As previously announced, the High Court of Malaya on June 6, 2024 granted Sapura Energy and certain of its wholly owned subsidiaries an extension of the Convening and Restraining Orders for a period of nine months until 10 March 2025. Following this, the Corporate Debt Restructuring Committee (“CDRC”) extended the standstill period for the Company and its relevant subsidiaries, up to 10 March 2025. The Group is currently drafting a proposed restructuring scheme (“PRS”) which will be voted upon by creditors during a court-convened meeting.

Datuk Mohd Anuar acknowledged the prolonged debt restructuring process, while assuring creditors that reaching a resolution remains the Group’s topmost priority. “We are diligently working on a comprehensive PRS together with the lenders and creditors. There are still a few moving parts that need to be ironed out”, he emphasised. “Our primary concern is to present a fair and equitable proposal that takes into account all stakeholders, particularly the small and medium Malaysian vendors who continue to support us throughout the turnaround effort.”

https://www.sapuraenergy.com/press_release/sapura-energy-demonstrates-resilience-in-q2-fy2025-results/

Thanks for sharing minichart...

This is very helpful indeed...

To Our Success!

SinGor SapNrg
NTA why improve 4 sen any1 noticed?
__________________________
that is why you have look at the cash-flow( spend more time on results data )---Once SapMov is confirmed
sold---NTA will improve further--- once more cash flow in. I believe forex loss remains High in 4Q however
i believe Drilling will continue to generate more revenue ( take note Drilling is recording loss bcos of high
depreciation---Seadrill bought at high price, nothing management can do )----I think 4Q is about the
same as 3Q however forex loss will be lower therefore Net profit should be slightly higher
26/09/2024 9:40 PM

Yes, that’s correct. The line “Net foreign exchange (loss)/gain (106,112)” under Operating Profit refers to the foreign exchange loss of 106,112. This figure represents the impact of currency fluctuations on the company’s financials, which can affect the overall operating profit.

Huangbk72 Cannot la.. already new report out, old report cannot use

It’s deceiving
27/09/2024 7:32 AM

Sapura Energy Berhad has shown resilience in its recent financial performance despite facing challenging conditions. Here are some key highlights from their Q2 FY2025 results:

Revenue: RM1.2 billion, a 5.8% increase year-on-year.
EBITDA: RM241 million, with an EBITDA margin of 20%.
Free Cash Flow: RM275 million.
Order Book: RM5.9 billion, with joint ventures contributing an additional RM6.1 billion.
Loss After Tax and Minority Interests (LATAMI): RM5 million, impacted by foreign exchange losses of RM 101 million.

The company has been focusing on operational strength and capacity to deliver results under adverse circumstances. They are also working on restructuring their debt portfolio to mitigate risks associated with foreign exchange volatility.

As mentioned by the team, hopefully Q3 and Q4 will looks better when OMV sales cums into play.

Meow

TalkNumberOne Mabel con me, told me myr strong good 😂. Forex loss due to myr strength hahahah. 😂
26/09/2024 9:22 PM

It’s a reasonable assumption that a stronger MYR (Malaysian Ringgit) could benefit companies like Sapura Energy Berhad (SAPNRG), especially if they have significant expenses in foreign currencies.

However, Sapura Energy Berhad (SAPNRG) does face challenges due to the currency mismatch between its revenue and costs. A significant portion of its revenue is in USD, while many of its costs are in Malaysian Ringgit (RM). This can lead to financial strain, especially when the RM depreciates against the USD, increasing the cost burden relative to revenue.

Additionally, fluctuations in exchange rates can impact the company’s profitability and financial stability. This currency risk is a common issue for companies operating in multiple currencies, particularly in the energy sector where contracts and revenues are often denominated in USD.

Meow

Haha Huang while waiting for Sept report Jun one can still use as a reference mah...

Maintain Trading BUY (TP: RM0.06). 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 our 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, we are 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 our stance. Hence, we maintain our TRADING BUY recommendation on Sapura Energy with TP RM0.06.

Key highlights. Revenue rose 11% QoQ and 24% YoY to RM1.2bn mainly driven by stronger E&C segment. EBITDA stood at RM200mn which implies a healthy margin of 17% driven by approved variation orders and reversal of contingency provisions. At PBT level, both E&C and O&M segments recorded profit of RM83.8mn and RM31.7mn respectively. Meanwhile, drilling segment remain in the red with loss of RM77mn in tandem with weaker revenue.

Earnings forecast. No change to earnings forecast.

Outlook. Orderbook rose by 40% to RM7bn (4Q24: RM5bn) as it was boosted by a new 5-year contract award for Provision of Pan Malaysia Underwater Services for Petronas and PAC contractors. Meanwhile, unconsolidated orderbook held by its JV and associate entities more than doubled to RM7.1bn following contract award to its 6 pipelay support vessels (PLSVs). On the PN17 regularisation plan, it has submitted an application to regulator to extend the submission date by another 6 month until 30th Nov 2024. To recap, it has obtained the approval-in-principal from majority of its financiers to restructure its debt burden to a sustainable level. It has also entered into SPA with TotalEnergies to dispose its stake in SapuraOMV which form part of its regularisation plan.

Source: BIMB Securities Research - 28 Jun 2024

Well Done Sapnrg...

To Our Success !

Meow

https://markets.ft.com/data/equities/tearsheet/profile?s=PCHEM:KLS

PETRONAS Chemicals Group Berhad (PChem) serves a diverse range of customers across various industries. Some of their major customers include companies in the automotive, construction, agriculture, and consumer goods sectors. They supply essential chemicals like olefins, polymers, fertilizers, and methanol, which are used in manufacturing products ranging from plastics and synthetic rubber to fertilizers and industrial chemicals.

https://www.petronas.com/pcg/

Haha see....

Our Magician really thinks of everything...hihihi..

To Our Success!

Meow Meow Meow

paulthesotong Of course higher fares..
26/09/2024 12:39 PM

Meow Meow Meow