Posted by Nikmon > 2024-08-02 17:05 | Report Abuse

I don't think SAP dare to deceive court, the confirmation from white knight can be noted in the submission to court for extension. SAP need to submit 75% creditor support doc. You can doubt their capability to achieve it. You are st..pi if you think their announcement are fake.

Posted by Mabel > 2024-08-02 17:17 | Report Abuse

Everywhere is RED SEA...

Sap so steady..hihihi

Posted by furball > 2024-08-02 17:27 | Report Abuse

So low already can't get any worse. If go lower, more people will buy as it has become a cheaper lottery ticket 🤣

Posted by Huangbk72 > 2024-08-02 17:50 |

Post removed.Why?

Posted by Huangbk72 > 2024-08-02 22:48 |

Post removed.Why?

Posted by Mabel > 2024-08-03 15:54 | Report Abuse

https://www.oedigital.com/news/515554-all-subsea-systems-for-fpso-atlanta-done-with-first-oil-expected-in-august

$YINSON / 7293 (YINSON HOLDINGS BERHAD)'s FPSO Atlanta on schedule for first oil in August 2024.

Meanwhile Mabel Energy Yinson is on target to join Sapnrg in Brazil..

Ongoing activities currently include mandatory adaptations by regulatory agencies, final testing, and commissioning, which will conclude the operational activities scheduled to start production on the new platform, pending the issuance of environmental operating license and authorization from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP).

Malaysia’s Yinson Production, the FPSO Atlanta has the capacity to process 50,000 barrels of oil per day, 140,000 barrels of water per day, and store 1.6 million barrels of oil.

It will replace Petrojarl I FPSO at Atlanta field, which has a production capacity of 30,000 barrels of oil per day and a storage capacity of 180,000.

Well done Sap and Yinson

Posted by Mabel > 2024-08-03 16:06 | Report Abuse

While Lady Sapnrg has an Outstanding Order Booked of RM 7 Billion ( could have been RM 17 Billion if they are not a PN17 due to unavailability of Bank Guarantee), Yinson has an outstanding order book stands at approximately USD $22.2 billion.

Posted by Icon 888 > 2024-08-05 09:33 | Report Abuse

Crisis coming.. run for ur life

Posted by Mabel > 2024-08-05 18:29 | Report Abuse

Whole World is RED...

Sapnrg is so steady..

Posted by DickyMe > 2024-08-05 18:40 | Report Abuse

Yes, sad SAPNRG is steady after been floored.

Posted by calvintaneng > 2024-08-05 22:23 | Report Abuse

Oil price crashing

Better switch to Talam

Talam Assets are Prime Lands

TALAM (2259) SELLING ASSET TO UNLOCK CASH PLUS RM26.6 MILLION PROFIT (ASSET PLAY IN MOTION) Calvin
Tan

https://klse.i3investor.com/web/blog/detail/www.eaglevisioninvest.com/2024-08-05-story-h-155111623-TALAM_2259_SELLING_ASSET_TO_UNLOCK_CASH_PLUS_RM30_MILLION_PROFIT_ASSET_

Posted by OKU_2020 > 2024-08-06 05:10 | Report Abuse

👹

Posted by Robert Waters > 2024-08-07 10:37 | Report Abuse

I checked out this talam transformer Kevin is promoting. Negative earnings as far back as eye can see. Yearly and 3-monthly. Should go back to PN17. We have enough trouble with Sapura.

Posted by Mabel > 2024-08-07 23:10 | Report Abuse

Haha what a pleasant surprise...

Close 4 sen...hihi

Posted by cicakman > 2024-08-10 12:27 | Report Abuse

Serbdk is very very muchbetter,still ok DJ down .Bornoil is the best steady saja after many many years🤣.

Posted by Robert Waters > 2024-08-14 11:14 | Report Abuse

Yes. I am lining up for Borneo Oil. With crude at 80+ usd that may be the bargain now.

Posted by sink or swim .. > 2024-08-14 12:41 | Report Abuse

What are these '' unfavourable legacy contracts '' ?

The completion of KG-DWN-98/2 project also marks the last of legacy contracts in our portfolio.

Posted by thetruthstory > 2024-08-15 10:18 | Report Abuse

its brewing

Posted by TalkNumberOne > 2024-08-15 15:50 | Report Abuse

Brew coffee, Mari Mari ☕

Posted by HaiLiDeYu > 2024-08-16 10:31 | Report Abuse

the coffee will be a very bitter, or very sweet type, or the type with a lots of milk, sugar, cream and fancy extra items?

Posted by Dav Yau > 2024-08-16 11:41 | Report Abuse

Hopefully will be Nescafe Kaw- Kaw ( Up ).....not Nescafe Kaw-Kaw ( DOWN )....lol

Posted by TalkNumberOne > 2024-08-16 13:24 | Report Abuse

Hahaha 😂😂😂 let’s see how it turns out la why so worried. If you are invested or not invested and so worry then you are not in the right place

Posted by Mabel > 2024-08-16 19:42 | Report Abuse

Meanwhile Lady Sapnrg is on target to submit Regulation Plan

Today she climbs 14.29%

Finally FPSO Maria Quiteria arrived at the JUBARTE FIELD.
First oil expected at 3Q24, means around September.
USD624k/day rate.

Atlanta only US$210,000/day.

https://www.marinetraffic.com/en/ais/home/shipid:8803162/zoom:10

The next big pay is Agogo at USD726k/day, first oil expected at 1Q26. Which is a long way, unless they managed to complete the conversion 5 or 6 months ahead like Maria, then maybe first oil at mid or end of 2025.

Well Done Yinson, today she climbs 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share

Well Done PCHEM, today she climbs 6.23%

Sheikh Mabel is very apy today...

Meow Meow Meow

Posted by Mabel > 2024-08-16 19:50 | Report Abuse

Hahaha it has been a productive Friday…

Lady Sapnrg is on target to submit Regulation Plan, todays she purrr and climb 14.29%

Yinson FPSO Maria Quiteria arrived in Brazil, today she purrs and climb 7.2%

PETRONAS Chemicals registers higher net profit of RM777mil in 2Q, declares 10c div/share. Today she purrs and climbs 6.23%

Sheikh Mabel are very apy today. Well done to all our 3 National Treasures!!!.

To Our Success !

Meow Meow Meow

Posted by LY Hoh > 2 months ago | Report Abuse

Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.

Posted by Mabel > 2 months ago | Report Abuse

# LY Hoh Now days the Sapura NTAB (0.2300), anyone Sifu can explain what happen to the next? Thank you.
19/08/2024 5:13 PM

Sapura Energy Berhad’s Net Tangible Asset Backing (NTAB) is actually -0.2300. This negative NTAB indicates that the company’s liabilities exceed its tangible assets.

Sapura is currently undergoing the biggest in corporate restructuring exercise in the history of Corporate Malaysia due to long term legacies contract awarded during TS Sharil’s time with risk taken by contractors. Right now they are Renegotiate all bad contract beside completing those projects.

As Mabel shared earlier, to turn around this National Treasure into a viable company, Sapura Energy needs to focus on several key strategies based on our recent AGM:

PN17 Progress: Company Turnaround Efforts are underway to turn the company around. The company is on track to exit PN17 next year. Key steps include debt restructuring, a solid business plan, and securing 75% lender support for PRS.

White Knight Support: White Knights remain committed with letter received in Feb this year, providing significant assistance while remaining anonymous. A regulation plan will be submitted to Bursa for approval by year-end.

Challenges: Despite facing a substantial debt of 10.8 billion with banks, credit facility suspensions, industry downturn, and contractor risks, the company has secured financial support from lenders and vendors.

Operational Focus: The focus now shifts to margin improvement rather than top-line growth. Positive results are expected in subsequent quarters. SAP transform from negative cash flow has now generated more than 1.5 billion positive cash flow.

2024 Outlook: Despite geopolitical and supply chain challenges, new contracts are anticipated to boost cash flow and working capital. Total Project bids is worth RM 23 Billion with RM 7 Billion Order Booked. Imagine if they have secured the bank guarantee, they would have taken in more than RM 10 billion contracts across the Globe..

To Our Success to save this National Treasures!

Meow

Posted by LY Hoh > 2 months ago | Report Abuse

Thank you Mabel for the above update. Yes, i knew the company’s liabilities exceed its tangible assets, that why wondering.....Hope it can successful restructure as the early year the share price very high, look at now, Ai.......Anyway, Thank you.

Posted by cicakman > 2 months ago | Report Abuse

Woohoo up nearly 15%,Kaya lah like this🤣🤣🤣.

Posted by SinGor > 2 months ago | Report Abuse

https://www.reuters.com/markets/hedge-flow-hedge-funds-sell-planes-trains-automobiles-buy-energy-stocks-says-2024-08-19/
___________________
Hedge fund loading Oil stocks, you know what to come

Posted by Mabel > 2 months ago | Report Abuse

Haha what a pleasant surprise...

Close 4 sen...hihi

Posted by SinGor > 2 months ago | Report Abuse

New PNB ceo should be making a announcement in Sept----already 2 months "Hand-On" on SAP problems

Posted by speakup > 2 months ago | Report Abuse

mana Qatar investor???? Pmx tipu lagi! GE16 kita RABA (Rakyat Akan Buang Anwar)

Posted by Nikmon > 2 months ago | Report Abuse

Surprisingly Sapura was invited in today morning national parade...a p17 and going to bankrupt corporate??

Posted by TalkNumberOne > 2 months ago | Report Abuse

National parade got sapura? 😂😂😂😂

Posted by TalkNumberOne > 2 months ago | Report Abuse

Must be super VIP sponsor for the parade to be included. 😂😂😂😂😂

Posted by Nikmon > 2 months ago | Report Abuse

Malaysia, both GLC and GLIC are important to ensure that economic development can be implemented in an orderly manner...sapura is one of the important GLC.

This does not guarantee the share will update, however it does show SAP playing big role in Madani economy blueprint

Posted by freddiehero > 2 months ago | Report Abuse

You masih pn17 sapura..

Posted by speakup > 2 months ago | Report Abuse

Pmx still doesn't get it, if Sapnrg is not bailout, many contractors & subcontractors & subsubcontractors who are mostly malays will not vote PH in GE16. Pmx masih tidur slumber

Posted by freddiehero > 2 months ago | Report Abuse

Hehe ade rindu zaman ajib ko.. When date for new vote ya?

Posted by Nikmon > 2 months ago | Report Abuse

The only Pn17 company in the parade, the only reason SAP was invited because the has the bigger amount of debt in Malaysia 15 billion..lol

Posted by TalkNumberOne > 2 months ago | Report Abuse

lol PN17 for national parade that’s uncalled for la. Even though I bought this PN17 company. 😂😂😂

Posted by instaRgram > 2 months ago | Report Abuse

Bunga Sakura?

Posted by Nikmon > 2 months ago | Report Abuse

It is in the group of GLC together with Duophamar, SP setia, and MNRB

Why Sapura included....lol, really not making sense while it still stick in dire situation...

Posted by Nikmon > 2 months ago | Report Abuse

Velesto not included, although it also owns by PNB...too sad lose to PN17 Sapura

Posted by SinGor > 2 months ago | Report Abuse

I think PM reshuffled Petronas 2 and 3 Top postions recently is to give some breathing space to Sap. Most
Top SAP contractors have attended lastest UMNO meeting putting alot political pressure on Zahid

Posted by SinGor > 2 months ago | Report Abuse

A Big Bumi Co in trouble has different "wayang" from normal commercial Co like AA Group. Tony comes out
proposal like listing in Dow, Sell AA brand name, now sell a pn17 asset to sister Co ( no money )---
What news come out of SAP---always someone coming out with Big Bag of Cash to Help!!!

Posted by Mabel > 2 months ago | Report Abuse

Cheer up Guys ...Mabel is still in Merdeka Mood...

Our Sheikh 3rd Lady, Lady Sapura Shines at Malaysia National Day Parade

Lady Sapura was honored as a Super VIP sponsor at the Malaysia National Day Parade, highlighting her significant role in the nation’s economic development. In Malaysia, Government-Linked Companies (GLCs) and Government-Linked Investment Companies (GLICs) are crucial for orderly economic progress, and Lady Sapura stands out as a key GLC.

Different Approaches for Troubled Companies

When a large Bumiputera company faces challenges, their strategies differ from those of typical commercial entities like the AA Group. Tony Fernandes, for instance, has proposed listing on the Dow, selling the AA brand, and now selling assets to sister company AAX. Meanwhile, Lady Sapura is undergoing the largest corporate restructuring in Malaysia’s history. This is due to legacy contracts awarded during Tan Sri Shahril’s tenure, which involved significant risks for contractors.

Turning the Tide

Currently, Lady Sapura is renegotiating unfavorable contracts while completing ongoing projects. The company is making significant strides in its turnaround efforts and is on track to exit PN17 status next year. Key steps include debt restructuring, a robust business plan, and securing 75% lender support for the Proposed Restructuring Scheme (PRS)

Meow Meow Meow

Posted by Mabel > 2 months ago | Report Abuse

KUALA LUMPUR (Sept 4): Corporate Malaysia's earnings for the second quarter of this year have largely been in line with analysts' expectations, with 58 of the top 100 companies on Bursa Malaysia in terms of market capitalisation either meeting or beating analysts' estimates, while 42 missed consensus estimates.

Overall, these top 100 companies’ aggregate earnings rose 15.9% year-on-year (y-o-y) and 10.5% quarter-on-quarter (q-o-q), with 49 companies registering both y-o-y and q-o-q increases in their latest reported quarterly earnings.

Utilities, oil and gas (O&G) and financial services are the sectors that posted results that largely met or beat earnings consensus in the second quarter of 2024, while telecommunications, technology and construction were the ones that disappointed when compared against their earnings forecasts.

Posted by TalkNumberOne > 2 months ago | Report Abuse

Hope for the best!!!

Posted by InvestorKING > 2 months ago | Report Abuse

Mabel, recommending you to buy Reneuco la, heard that a very strong catalyst, till end of September or early of October,will fly high