Might need more time to see if this counter could actually improve. Covid-19 and businesses are still at the early stage of recovering.

Movement so slow. Hopefully theres progress soon while the corona and the world oil price improves

Believe this counter will boom in coming weeks. Buy and hold..

This counter is definitely the stock to watch for the coming few weeks. More contracts means more business for the company. Improvement might be slow but something good might come from it.

Sapura Energy Bhd has secured five new contracts for its engineering and construction (E&C) division worth a total of RM766 million combined

https://www.theedgemarkets.com/article/sapura-energy-bags-five-contracts-worth-rm766m-combined

Oil price rebound maybe put some hope for this counter

something good about sapura to look at...
https://www.theedgemarkets.com/article/contract-revision-overtakes-impairment-main-concern-og-firms

so quiet here everyone enjoying raya holiday. 0.10 now.. let's see how much it can go up. Hoping for upward trend

it a good time to buy now.. believe the price will spike up. lets look for a long term return

agree with paktua73.. i believe this counter will hit 0.15 soon

TP 10 sen soon.. lets buy and hold

what happen to this counter why so quiet? oil price rally up lets hope the price will go up too

Looking at the short term is pointless. All we can do is prep for the long run when prices stabilize once more.

Oil prices just as unpredictable as the MCO nowadays. With a trigger happy president like Trump at the helm, be prepared for some interesting short term surprises

MCO extended again. Haih. Have to go out and fight with others at supermarkets as usual

Oil is up. Better have some stock on hold to ride the wave!

Eventually will rebound back

All we can do now is buy and hold for crisis. Keep and sell once market recovers

This is literally a rainy day liao. Price is still cheap for Sapura so time to save up. Way too early to sell.

SEB now every day looking at doing charity work. At the very least they're contributing to getting the economy back on track.

The fight against Covid-19 has received a shot in the arm from Sapura with its donation of 4,000 personal protective equipment (PPE) sets to the National Disaster Management Agency (Nadma).

In a statement, Sapura said Nadma will be distributing the PPE sets to healthcare workers and other frontliners on the ground.

Sapura Group chief operating officer Mohd Zarif Hashim handed over the PPE sets to Nadma director-general Mohtar Mohd Abd Rahman at the agency’s headquarters in Putrajaya this afternoon.

“Our healthcare workers are our national heroes and a vital line of defence against Covid-19.

“As part of the big Malaysian family, Sapura is reinforcing our resolve to protect fellow Malaysians against the Covid-19 pandemic,” said Zarif.

Earlier, Zarif also handed over 1,500 PPE sets to Hospital Canselor Tuanku Muhriz Universiti Kebangsaan Malaysia director Dr Hanafiah Harunarashid.

The funding for the PPE sets came partly from the DanaSapura Covid-19 fund, which is driven by employees of Sapura Group, Sapura Energy and Yayasan Siti Sapura Husin.

The fund allows employees to pool their money together to provide assistance to those affected by Covid-19.

The bulk of the fund goes towards the purchase of food and monetary aid for underprivileged families. This initiative will be expanded to other areas around the world where Sapura is present.

The latest round of aid from Sapura comes following the company’s donations to the government and The Edge’s Covid-19 funds.

Then, Sapura group president and CEO Shahril Shamsuddin had presented Prime Minister Muhyiddin Yassin with a RM1 million cheque. Another RM1 million went to The Edge’s fund

Malaysia has agreed to cut its crude oil production by 136,000 bpd for May and June despite being a small producer and net importer of oil, its minister in charge of economic affairs said on Wednesday.

It said it welcomes the supply reduction agreement between Opec members and allies, as it would stabilise the global oil market and ensure supply security for consumers.

"In line with the efforts undertaken by Opec and non-Opec countries, Malaysia reiterates our strong commitment to preserve the stability of the global oil market, despite being a small producer and net importer of oil," minister Datuk Seri Mustapa Mohamed told Reuters.

Opec and allies led by Russia, a group known as Opec+, agreed on Sunday to a record cut in output to prop up oil prices amid the coronavirus pandemic in an unprecedented deal with fellow oil nations, including the United States, that could curb global oil supply by up to 20%.

Mustapa said despite the cuts, it was critical for Malaysia to preserve a favourable investment climate since its upstream sector is a liberalized market with participation of more than 20 Petroleum Arrangement Contract (PAC) operators.

Definitely hold first. Heavy guns still on hold to help boost the price.

On the plus side, maybe petrol price will fall again on Friday

Early pessimism only. Market will correct course eventually.

Battle has just begun! Don't lose heart men! Let's keep charging forward!

Looks like supply is going to dwindle faster than I expected. Things are looking up!

Saudi Arabia and Russia ended their oil price war on Sunday by finalising a deal to make the biggest oil production cuts in history, following pressure from US President Donald Trump to support an energy sector ravaged by the coronavirus pandemic.

Opec producers said the cuts deal could in total remove around a fifth of global oil supply, although this would include declines forced on other producers, like those in the battered US shale sector, by the recent oil price collapse. 

Even without the volumes to be contributed by those countries — expected to be included in the total over the coming days — the cuts announced by Opec on Sunday evening of almost 10m barrels a day are more than double those made by the cartel during the global financial crisis.

Mr Trump immediately welcomed the announcement, saying it would protect American jobs, just hours before oil markets were due to reopen after Easter weekend.

Oil prices opened higher but quickly faded, with Brent crude trading flat at $31.48 a barrel. The US benchmark, West Texas Intermediate, was also flat at $22.84, as traders doubted the cuts would reach the headline figures or compensate for a collapse in demand expected to be at least twice the size of the Opec supply reductions.

Under the watchful eye of Donald Trump, Saudi Arabia seemingly had to relax their position that everyone cuts by equal proportion. Trump essentially became the de facto Opec president

Big G20 consumer countries that backed the cuts deal, including the US, China, Japan, India and South Korea, are also understood to be preparing to buy oil for strategic storage in an effort to tighten the market.

The agreement by the Opec+ group, first brokered on Thursday, was backed by the US and G20 on Friday but had threatened to unravel after Mexico — a relatively small oil producer — angered Saudi Arabia by seeking an exemption from the deal.

But under US pressure, Saudi Arabia conceded the point, allowing Mexico to cut by a smaller margin than its Opec+ peers. That resulted in the overall curbs from the Opec+ group amounting to 9.7m b/d, slightly less than the 10m b/d initially pledged, or roughly 10 per cent of pre-crisis demand.

The cuts will begin in May for two months and then diminish in size before expiring in April 2022. The cartel’s big Gulf producers, Saudi Arabia, the United Arab Emirates and Kuwait, will deepen their own cuts, adding to the total.

Opec eventually plans the inclusion of declines by non-Opec producers in the total — for an aggregate close to 20m b/d, or nearly 20 per cent of global supply — but that may not reassure traders that have tried to weigh the loss of up to 30 per cent of global demand as economies have shut down to slow the spread of the coronavirus. 

Analysts said that of Opec’s announced 9.7m b/d, less than 7m b/d might be delivered, because high baselines had been used to calculate the cuts. The higher 20m b/d figure, including strategic purchases by consumers such as India, South Korea and Japan, and production declines caused by lower prices, will also be treated with scepticism by traders.

“There is a large amount of double counting, creative accounting and obfuscation in reaching this 20m b/d figure,” said Amrita Sen at Energy Aspects.

But the deal, while historic for its size alone, also marks a pivot for Mr Trump, a frequent critic of Opec in the past, who pushed the cartel to make cuts to support oil prices. Mr Trump has previously blamed Opec for raising fuel prices for the average US consumer. 

“The big Oil Deal with Opec Plus is done,” Mr Trump said on Twitter on Sunday. “This will save hundreds of thousands of energy jobs in the United States. I would like to thank and congratulate President Putin of Russia and King Salman of Saudi Arabia. I just spoke to them from the Oval Office. Great deal for all!”

Mr Trump had pressed Saudi Arabia’s Crown Prince Mohammed bin Salman and President Vladimir Putin of Russia over recent days to secure the deal — and even last week disclosed the size to be agreed. For Mr Putin it has provided not only a likely boost to Russia’s economy but a new forum for ties to the US president.

The Kremlin said Mr Trump and Mr Putin also spoke separately on Sunday.

“Under the watchful eye of Donald Trump, Saudi Arabia seemingly had to relax their position that everyone cuts by equal proportion,” said Helima Croft at RBC Capital Markets. “Trump essentially became the de facto Opec pr

Once oil reserve starts to dwindle a bit more, graphs will start to ease back up. Question is whether it will go up now or later only. Hold first or regret later.

Now barbers and salons release from MCO, not sure should go out and get cut or not. Feels like better stay home and stay safe watching my counters to go up.

I bet its going to be extended

MCO announcement starting now

Oil prices rose ahead of a meeting where major producers are expected to agree on big output cuts to bolster energy markets laid low by the coronavirus pandemic.

Brent-crude futures, the global oil benchmark, climbed 3.5% or $1.14 to $33.97 a barrel. West Texas Intermediate futures, the main gauge of U.S. prices, rose 5.1% or $1.33 to $26.37 a barrel, lifting shares in American energy producers in premarket trading.

Gogo 13 sen by Friday

Going to hold steady and aim straight forward

Orange wig monkey not the best indicators of market future. This is the president who still thinks news are overreacting to covid

Hope to see good news from OPEC

Want to go up Genting for lobster burger but will settle for McD. Must save up all the earnings from this counter until MCO lift

Heehee evening. McD doing 40% off deliveries for large meals this month.

Militant groups still stepping up attacks on US troops. Now is the time to buy while iron is both cheap and hot!

Business goes on even with the pandemic. Trump just warned Iran that US will retaliate if things continue on.

Holding on at 0.08. Looking forward to all my brothers and sisters here eating kfc soon!!

Busy making sure pantry got food mah!

Stock will rocket back up eventually. Just have to wait patiently.

Investment banks all talking doom and gloom now wan la haha.

They also doing a lot of CSR in this period. Now is the time to help our fellow man. Surely karma will reward good deeds even if its tax deductible! https://www.facebook.com/SapuraEnergy/photos/a.819685098227758/1251315121731418/

I think holding back on announcing during this MCO is a good idea esp with resources dedicated to ensure there's smooth transition of business and continuity.

Morning morning. Groceries getting expensive already

Dialog Group also donated RM500k. Other O&G when?

KUALA LUMPUR (March 25): The two brothers of the Shamsuddin family, Tan Sri Shahril Shamsuddin and Datuk Shahriman Shamsuddin of Sapura Holdings, have come forward to donate RM1 million to help fight the Covid-19 heath crisis.

They gave RM750,000 to The Edge Covid-19 Equipment Fund and RM250,000 to The Edge Covid-19 Health Workers Support Fund.

“We are touched by the effort, tenacity and undivided commitment of the heroic front liners in combating this new phenomenon,” they said. “Thank you for all that you do.”