Posted by BobAxelrod > 2023-06-28 23:13 | Report Abuse

This is really funny.....some vocational course and handshakes and they could get their way for a license to kill???? Business means making profits and paying your Debts. Debts in business is good, without which your Shareholders' Fund are not large enough for expansion......but to hold Debts at levels beyond your capacity is suicide......!!

TAYOR

Posted by BobAxelrod > 2023-06-28 23:16 | Report Abuse

Small timer think Restructuring Plans means a new model for Business Operations.........Laugh Die YOU!!!

It a call for Financial Planning and Debts management Viz Repayment Schedule duly ACCEPTED AND AGREED BY Creditors/Bankers.......What a joker!

Posted by Ninth007 > 2023-06-28 23:17 | Report Abuse

For uncle this might seems funny but for so many of us in the forum found jokes where you buy high cut lost low at 0.035
Every one know the fact even you don’t want to admit it

Posted by Ninth007 > 2023-06-28 23:20 | Report Abuse

I smell more and more good news is on its way and for uncle it’s RIP because already cut lost

Posted by BobAxelrod > 2023-06-28 23:22 | Report Abuse

Telling lies a million times still won't make it the Truth....

Better still why not take a challenge.....one you are so sure that I bought lap SAP and cut losses......no need to argue so much more....Dare to take the challenge??

Posted by Ninth007 > 2023-06-28 23:24 | Report Abuse

You cut lost and the best is you get LOSSSSSTTTtooooooo
So chai keep asking people to accept your meaningless challenge.
It won’t make you get back the money you lost lah uncle
Accept the fact
You buy high cut lost low!!!

Posted by BobAxelrod > 2023-06-28 23:27 | Report Abuse

Why don't your take the challenge and stomp on my face and curse my 3 generations (or yours)....dare not??

Posted by Ninth007 > 2023-06-28 23:28 | Report Abuse

Knew you got insomnia Tak boleh tidur because shivering with recently one after another good news
I malas mau layan you
I go sleep like a baby lur
Hohohohohohohohohohoho Say Liao

Posted by Felix888 > 2023-06-28 23:29 |

Post removed.Why?

Posted by BobAxelrod > 2023-06-28 23:31 | Report Abuse

Wait...wait don't run away yet.....take my challenge for a Curse Vow....nothing much, just how Karma works.........come and take the challenge.......be a man and own up to your words.

Posted by Felix888 > 2023-06-28 23:38 |

Post removed.Why?

Posted by Felix888 > 2023-06-28 23:39 |

Post removed.Why?

Posted by Felix888 > 2023-06-28 23:40 |

Post removed.Why?

Posted by Nikmon > 2023-06-29 00:02 | Report Abuse

SAP a PN17 company and unable pay contractor, potential bankruptcy in next few months, why gov sign MOU with thisk kind of company..haha. make it a good reason to rescue??

Sapura Energy Berhad has strengthened its commitment to developing a skilled Malaysian workforce through its expanding Technical and Vocational Education and Training (TVET) initiative. We signed a strategic Memorandum of Collaboration (MOC) with the Government of Malaysia, solidifying our alliance for the nation's human capital growth.

As one of the largest employers in the oil and gas services sector, we are determined to reduce reliance on foreign labor while ensuring competitive remuneration for our Malaysian workers. Despite financial constraints and operating challenges, our Group CEO, Datuk Mohd Anuar Taib, expressed unwavering dedication to providing training and work opportunities for the skilled and semi-skilled Malaysian workforce.

Posted by TalkNumberOne > 2023-06-29 09:30 | Report Abuse

Old man so quiet lately. Found a new job I think. Either peforming big fat ego balls ding Dong bell in the park or fun fair seller in Pasar Malay. Haha either ways bought high sold low, RIP no way backs bulu also burnt

Posted by Felix888 > 2023-06-29 09:39 |

Post removed.Why?

Posted by TalkNumberOne > 2023-06-29 09:56 | Report Abuse

Hahah felix don’t give so much respect la. Old man busy kopitiam talk got la or his telegram got people talk so busy. Don’t belief he got a real job, his boss will fire him the first day see his sad face. His client will run away report police seeing his big fat ego balls thought it’s harassment

Posted by Mabel > 2023-06-29 09:58 | Report Abuse

savemalaysia

Publish date: Wed, 28 Jun 2023, 07:16 PM

KUALA LUMPUR (June 28): Government-linked funds Employees Provident Fund (EPF) and Permodalan Nasional Bhd (PNB) are keen to stay invested in oil and gas (O&G) companies to support the industry’s transition into the low carbon and green economy.

EPF chief strategy officer Nurhisham Hussein said while many investors are turning away from the carbon intensive-industry, EPF has no plan to exit because it believe in investing in the industry’s transition towards renewable energy.

“From the EPF's perspective, when we talked about the engagement with the O&G sector - divestment is the very last priority,” Nurhisham said in a panel session at the Energy Asia 2023 conference on Wednesday (June 28).

Nurhisham said investors should consider investing in O&G companies to assist the industry in achieving their sustainable development.

“If we remove the investment funds from O&G, we make the cost of capital higher. We [are] also making their energy transition a lot harder because it costs a lot (to transition to renewable energy sources),” he noted.

Therefore, he said the provident fund will continue to invest in O&G companies that are committed to reducing their emissions and pledged to decarbonise.

“What we want to see is progress, commitment, and as long as those are in place, we will continue to be partners in making that energy transition happen,” he added.

The O&G industry has always been in the spotlight when it comes to net-zero transition as the industry was directly and indirectly responsible for about 15% of total energy-related emissions globally, which is equivalent to 5.1 billion tonnes of greenhouse gas emissions.

EPF, a key participant in Malaysia's equity markets that invests in diverse portfolio including fixed income to secure returns for its members, does not have controlling stakes in the Malaysian upstream O&G companies.

It, however, does have a substantial stake in Petronas-linked counters, including 11.12% in Petronas Chemicals Group Bhd, 12.69% in tanker vessel outfit MISC Bhd, and 12.38% in fuel retailer Petronas Dagangan Bhd.

PNB, on the other hand, has a 62% stake in jack-up rig operator Velesto Energy Bhd, and a 40% stake in integrated upstream player Sapura Energy Bhd.

PNB president and group chief executive officer Ahmad Zulqarnain Onn said PNB is set to decarbonise its investment portfolios by 2050.

“We have to get our portfolio to net zero by 2050. It means that every single company that we invested in has to get on this decarbonisation journey,” said Ahmad Zulqarnain.

Regardless, he said PNB will continue to invest in emitter companies to assist them in reducing their greenhouse gas emissions.

“The emissions intensity needs to come down. So that is why we try to be pragmatic and not dogmatic about it. We will engage rather than divest, but we will optimise the portfolios,” he said.

PNB is the country’s largest asset manager with assets under management of RM343.1 billion. It covers strategic investments in Malaysia’s leading corporates, global equities, private investments and real estate.

https://www.theedgemarkets.com/node/672923

Posted by Mabel > 2023-06-29 09:59 | Report Abuse

PNB, on the other hand, has a 62% stake in jack-up rig operator Velesto Energy Bhd, and a 40% stake in integrated upstream player Sapura Energy Bhd.

Like that Mabel will continue to Goyang kaki...

Meow Meow Meow

Posted by Mabel > 2023-06-29 10:08 | Report Abuse

https://theedgemalaysia.com/node/672923

PNB has a 62% stake in jack-up rig operator Velesto Energy Bhd, and a 40% stake in integrated upstream player Sapura Energy Bhd. The best way forward is a marriage between Velesto, MHB and Sapura Energy...

Posted by Mabel > 2023-06-29 10:38 | Report Abuse

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.

Posted by Mabel > 2023-06-29 10:43 | Report Abuse

Enjoy your holidays guys...

Time to continue Goyang Kaki..

Meow

Posted by TalkNumberOne > 2023-06-29 10:48 | Report Abuse

Meow meow, old man can’t enjoy, shivering in the closet. Sour grape, bought high sold low. RIP no cure no return

Posted by DickyMe > 2023-06-29 13:13 | Report Abuse

3 sen coming soon!

Posted by Felix888 > 2023-06-29 14:09 | Report Abuse

Dick don't talk cxck, show us your ability push it down to 0.03.

Posted by TalkNumberOne > 2023-06-29 15:10 | Report Abuse

Flexi just ignore la. Coming soon since last year. Old man when it really matters needs longer time he came too soon, when he wish it to happen now it never comes. I pity his sad life la

Posted by DickyMe > 2023-06-29 23:04 | Report Abuse

3 sen coming soon!

Posted by Mabel > 2023-06-30 08:22 | Report Abuse

Haha Dick, this is what they said to our Capital A and AAX..

Capital A has been another great adventures...so steady like Sap..

Three investors of AAX's latest share placement make handsome gains:: https://theedgemalaysia.com/node/672953

Meow

Posted by Mabel > 2023-06-30 08:26 | Report Abuse

TalkNumberOne Meow meow, old man can’t enjoy, shivering in the closet. Sour grape, bought high sold low. RIP no cure no return
29/06/2023 10:48 AM

Thanks God we have so many nice Uncles and Aunties here...hihihi..

Posted by EVO118 > 2023-06-30 08:27 | Report Abuse

Sapura Energy to see better rig utilisation rate.
https://www.thestar.com.my/business/business-news/2023/06/30/sapura-energy-to-see-better-rig-utilisation-rate

Posted by TalkNumberOne > 2023-06-30 10:12 | Report Abuse

Meow meow the dick didn’t know he is making fun of himself. 3sens everyone is waiting for but neck so long never come also. His coming soon until his coffin rot also don’t know will soon enough or not

Posted by Mabel > 2023-06-30 10:16 | Report Abuse

Haha Capital A already breaches 80 sen...81 sen...

Mabel average holding cost is 76 sen...

Just like Sap, as long you holding is below your holding cost, there is nothing to fear..

Beside,

https://theedgemalaysia.com/node/672923

PNB has 40% stake in integrated upstream player Sapura Energy Bhd.

PNB still holding 87% of RCPS-I exercise value 0.41, expiry date Jan, 2024.

PNB`s for this RCPS-I RM 1 billion via holding via Amanah Saham Fund.

Sapura Energy Bhd’s recent contract wins of RM1.4bil will help bring stronger profits in the second half of its financial year 2024 (2H24) on the back of more lucrative engineering and construction (E&C) works and new rig contracts.

Like that Mabel will continue Goyang Kaki...

Meow Meow Meow

Posted by Mabel > 2023-06-30 10:17 | Report Abuse

Thanks God we have so many nice Uncles and Aunties in Sap and Captal A..hihihi..

CheriMeow

Posted by EggsyT > 2023-06-30 10:19 | Report Abuse

good insight mabel

Posted by SinGor > 2023-06-30 10:31 | Report Abuse

The way Sap price movement clearly indicate someone is controlling price at 4 sens. I think 75--80% shares are
locked at 30sens and above. With almost more than a year had passed, most ikan Bilis buying down from
30sen to 4 sens ( contra players ) are either Gone or gave up ( somemore PN17-----cash in-first.......)
I really donT trust Osk-RHB bcos RHB's clients are 75% GLC or very Big Boys ( EPF). They are always First to Run
before any Collapse ( Why OSK still Talking here---should announce Ceased Coverage ). Public Bank's Tp
is really strange---PB is Ultra Conservative. SAP should Not be in its coverage.

Posted by Ninth007 > 2023-06-30 10:40 | Report Abuse

I see green green green everynow because
UOBKH Research said the delayed Practice Note 17 (PN17) regularisation plan and ongoing project slippage risks (for oil and natural gas corporation platform) will weigh on share price sentiment.

PETALING JAYA: Sapura Energy Bhd’s recent contract wins of RM1.4bil will help bring stronger profits in the second half of its financial year 2024 (2H24) on the back of more lucrative engineering and construction (E&C) works and new rig contracts.

UOB Kay Hian (UOBKH) Research noted that most of the new contracts were for the E&C segment, and out of this, 58% are related to transportation and installation (T&I) for the Western Hemisphere.

“About 90% of its bid book is directed towards overseas projects. The higher mix of T&I E&C projects is aligned with the group’s target to be more focused on Atlantic markets and decommissioning opportunities,” the research firm said in a report.

The oil and gas (Q&G) services provider is also making progress on its reset plan.

However, UOBKH Research said its delayed Practice Note 17 (PN17) regularisation plan and ongoing project slippage risks (for oil and natural gas corporation platform) will weigh on existing share price sentiment.

According to the research firm, Sapura Energy had validated RM1.5bil in claims from 2,000 vendors through its proof of debt exercise, and the adjudication process is almost complete, with only eight more claims outstanding.

The group will also strive to rescope certain ongoing E&C contracts, although this may appear to be challenging for several projects, said UOBKH Research.

Financial-wise, it continues to see improved performance with net profit up 58% to RM146.09mil for the first financial quarter ended April 30, 2023 (1Q24).

UOBKH Research said the results were in line with consensus forecasts and expects profit generation to be stronger in 2H24, largely from higher rig utilisation.

It maintains a “hold” call on the stock, but trimmed the target price to RM0.04, “which assumes a delayed sustainable recovery from PN17”.

“We observed that Sapura Energy appears to be boosting its involvement in training human capital (not only for its own global projects, but may be for the overall O&G industry), and the logistics/supply chain management business, but we are unsure if they will be new revenue streams.

“All in all, risk-reward is balanced, as it factors both the group’s financial condition and its existing project execution.”

Posted by TalkNumberOne > 2023-06-30 10:43 | Report Abuse

Old man shivering in closet. Blaming himself why bought high and sold low. Bulu also burnt

Posted by TalkNumberOne > 2023-06-30 10:49 | Report Abuse

Election fever coming soon. Old man mark this coming soon. Different than your coming soon.

Posted by Mabel > 2023-06-30 10:54 | Report Abuse

Meow Meow Meow

Posted by Felix888 > 2023-06-30 10:54 | Report Abuse

Old man is Uncle Kambing Soon.

Posted by Mabel > 2023-06-30 11:28 | Report Abuse

Haha Sap and Capital is the Biggest gainer today beating Mabel's 3 banks and Blue Chips..

Mabel feels so blessed...

Life is so beautiful when you have so many nice Uncles and Aunties in Sap and Captal A..hihihi..

Posted by TalkNumberOne > 2023-06-30 12:12 | Report Abuse

Hahahha old man only chase high and got trap then sell low and whine.

Posted by TalkNumberOne > 2023-06-30 12:14 | Report Abuse

Felix you see old man so quiet lately. Hahahaha big ego balls cannot admit he is wrong. Then he will tahan until sap reach rm4 he can’t tahan anymore and start chasing then kena hang dry at top, cut lost again when it drops. Whine again history repeats

Posted by Mabel > 2023-06-30 16:39 | Report Abuse

Haha Bursa down by 17 points..

Capital A and Sap so steady..

Meow Meow Meow

Posted by Nikmon > 2023-06-30 17:10 | Report Abuse

SAP so busy, visited by so many Minster, Deputy Prime Minister, Transport minister and other......

Wow, some more so brave to committed to invest 1.4 million to train Malaysian workforce. But can't pay contractor...haha

Posted by Mabel > 2023-06-30 17:46 | Report Abuse

That's Marketing...hihihi

Posted by Nikmon > 2023-06-30 18:04 | Report Abuse

So many high profile visit and shake hand with SAP recently....is this a sign of a company going to bankruptcy soon...haha

Sign a MoC with PN17 company, 15 billion debt ..waht is the gov planning

Posted by TalkNumberOne > 2023-06-30 18:15 | Report Abuse

Old man please don’t change stand. I want to see swallow big ego balls show. Hahhaha

Posted by TalkNumberOne > 2023-06-30 18:16 | Report Abuse

Nothing can be more satisfying by seeing old man swallow big ego balls. Not even making billion dollar

Posted by TalkNumberOne > 2023-06-30 18:17 | Report Abuse

Meow meow, Dato, felix want to buy first row VIP sit or not? Watch old man show hahaha. Now he hiding shivering and using different ID