Posted by TalkNumberOne > 3 days ago | Report Abuse

Singor that’s a hint? Haha good one

Posted by koyokui > 3 days ago | Report Abuse

Buy quarterly profit. insya allah

Posted by kyliew > 2 days ago | Report Abuse

[TERKINI] Adik Tan Sri Shahril mahu Sapura Holdings digulungkan
25/09/2024 17:57 MYT

https://www.astroawani.com/videos/bisnes-x7ko7h/terkini-adik-tan-sri-shahril-mahu-sapura-holdings-digulungkan-x968440

GG

Posted by TalkNumberOne > 2 days ago | Report Abuse

Oku king of terbalik, your last chance for prediction. After this don’t cry 😭 and say you already told. You got zero bragging rights. Even redeem yourself from 100% wrong prediction also gone for good.

Posted by Mabel > 2 days ago | Report Abuse

#kyliew [TERKINI] Adik Tan Sri Shahril mahu Sapura Holdings digulungkan
25/09/2024 17:57 MYT

https://www.astroawani.com/videos/bisnes-x7ko7h/terkini-adik-tan-sri-s...

GG
26/09/2024 1:36 AM


Sapura Holdings and Sapura Energy Berhad (SAPNRG) are related but not the same company.

Sapura Holdings is a private investment holding company with diverse interests across various industries, including oil and gas, telecommunications, and property development.

Sapura Energy Berhad (SAPNRG), on the other hand, is a publicly listed company on Bursa Malaysia. It specializes in integrated oil and gas services and solutions, covering the entire upstream value chain.

So, while they are connected through their shared history and ownership, they operate as distinct entities with different focuses and structures.

Meow

Posted by Mabel > 2 days ago | Report Abuse

Ownership Name Shares Current Value Change % Portfolio %
41.3%
Permodalan Nasional Berhad
7,582,461,268 RM 303.3m 0.68% 0.17%
11.2%
Sapura Holdings Sdn. Bhd.
2,065,294,635 RM 82.6m 0% no data
1.78%
Shahril bin Shamsuddin
327,620,288 RM 13.1m 87.4% no data

PNB still call the shot...

Posted by SinGor > 2 days ago | Report Abuse

Sap holdings shares initially belongs to Shahril Father but transfer to his son(s)---Shahril Father actually announce
Publicly that he wants Back the Shares ( I think serious Family problems ----no further comment from me)

Posted by Mabel > 2 days ago | Report Abuse

Me too :)

Posted by koyokui > 2 days ago | Report Abuse

Buy good qr

Posted by SinGor > 2 days ago | Report Abuse

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.
_____________________________________
As release by media, the moving parts are actually foreign Banks refused to take a "Hair-Cut ". So
management is going to used the Court to forced " foreign Bank to accept a Vote among themselve "

Posted by SinGor > 2 days ago | Report Abuse

Very Good Qr.---As I said 100 profit possible----Vow operating profit 347m-----Forex Loss Cut off 100M

Posted by SinGor > 2 days ago | Report Abuse

Upgrade price to 5.5 --8sens

Posted by Nikmon > 1 day ago | Report Abuse

From a report, is a foreign oil and gas players challenge the proof of debt, court has granted them to challenge at arbitration...yeah seems like SAP force it through, very challenging situation

Posted by Nikmon > 1 day ago | Report Abuse

Singapore court granted the gas company to challenge at arbitration, however they can't carry out now...haha deadlock

Posted by Huangbk72 > 1 day ago | Report Abuse

Huh... How can this be a very good QR?

Am i missing something?

https://disclosure.bursamalaysia.com/FileAccess/apbursaweb/download?id=230062&name=EA_FR_ATTACHMENTS

SinGor

Very Good Qr.---As I said 100 profit possible----Vow operating profit 347m-----Forex Loss Cut off 100M

Posted by SapNrg > 1 day ago | Report Abuse

NTA why improve 4 sen any1 noticed?

Posted by TalkNumberOne > 1 day ago | Report Abuse

Mabel con me, told me myr strong good 😂. Forex loss due to myr strength hahahah. 😂

Posted by TalkNumberOne > 1 day ago | Report Abuse

Well good to note OKU king of terbalik still maintain his 100% wrong record. If he would have made some noise he can get rid of 100% wrong prediction.

Posted by SinGor > 1 day ago | Report Abuse

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

Posted by Change_ > 1 day ago | Report Abuse

4 sen not good enough. GE16 govn and PM-X must be kicked out.

Posted by Mabel > 1 day ago | Report Abuse

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

Posted by Huangbk72 > 1 day ago | Report Abuse

Wah.. so desperate.. using Jun report to talk in Sept 🤣

Mabel hoping people don’t read carefully ?

Posted by Mabel > 1 day ago | Report Abuse

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

Posted by Huangbk72 > 1 day ago | Report Abuse

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

It’s deceiving

Posted by Mabel > 1 day ago | Report Abuse

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

Posted by Mabel > 1 day ago | Report Abuse

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

Posted by Mabel > 1 day ago | Report Abuse

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.

Posted by minichart > 1 day ago | Report Abuse

Sapura Energy’s Core Profit Surges Amid Reduced Downside Risk, Upgraded to BUY

For the first half of FY25, Sapura Energy reported a core profit that exceeded market expectations. This positive performance came despite ongoing execution risks. The company’s strong financial results were driven by improved operational efficiency and cost management, signaling a recovery phase following previous challenges.

https://www.minichart.com.sg/2024/09/26/sapura-energys-core-profit-surges-amid-reduced-downside-risk-upgraded-to-buy/

Thank you

Posted by Mabel > 1 day ago | Report Abuse

Thanks for sharing minichart...

This is very helpful indeed...

To Our Success!

Posted by Mabel > 1 day ago | Report Abuse

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/

Posted by SinGor > 1 day ago | Report Abuse

Hair-Cut first propose is 100% then 80%, then 60% Now 50% going to court for a Vote----50% Hair-Cut if
approved will CUT debt interest by 100M ( still alot ) e.g for this Qr without forex loss---Net profit will be 245M

Posted by PaiKia > 1 day ago | Report Abuse

stiil 3.5 cent

Posted by Nikmon > 1 day ago | Report Abuse

First buy call since it fall in PN17...sign of recovery...

Posted by Nikmon > 1 day ago | Report Abuse

When you saw Sapura appears in National parade, PNB won't leave SAP behind I guess.

Posted by Nikmon > 1 day ago | Report Abuse

However bad news is the sale of sapomv delay to next year....delay again

Posted by Mabel > 1 day ago | Report Abuse

$SAPNRG (5218.MY)$ 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

Posted by Mabel > 1 day ago | Report Abuse

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.

Posted by Mabel > 1 day ago | Report Abuse

Back to 4 sen..

Posted by kyliew > 1 day ago | Report Abuse

Very likely to be delisted... After Nov 2024 deadline

Posted by Mabel > 1 day ago | Report Abuse

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...

Posted by Mabel > 1 day ago | Report Abuse

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

Posted by kyliew > 1 day ago | Report Abuse

If still can't submit regularisation plan by 30 November deadline, it will be trading suspended.... Then delisted may be mid of next year

Posted by Rocky Mass > 1 day ago | Report Abuse

No sign of substantial recovery ability unless there be a white knight ...

Posted by Rocky Mass > 1 day ago | Report Abuse

No doubt sap got remaining reputation

But..... as stated there the limited access to facility limiting its power to bid and secure big big projects...

Posted by BLITZRIEG > 23 hours ago | Report Abuse

Hope the white knight still remain white....scare that the white knight turn to grey & disapear....😂🤣

Posted by Mabel > 23 hours ago | Report Abuse

As per last AGM White Knight is still on..

Posted by Mabel > 23 hours ago | Report Abuse

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..

Posted by Dav Yau > 7 hours ago | Report Abuse

Wah....a bit of bad news for Sapura. Anyway, Bad News is a Good News.....

Posted by Mabel > 6 hours ago | Report Abuse

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.

Posted by Huangbk72 > 5 hours ago | Report Abuse

Repost for Mabel

If this is achieved, will SAP straight go into ICU?

Posted by Mabel > 10 minutes ago | Report Abuse

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.