Posted by Mabel > 1 month ago | Report Abuse

Thanks for sharing SinGor!

EU cannot produce economical EV car yet tries to Ban China EV. India, Africa and South America have about 2.8 Bil population. They cannot switch over to EV without financial support from Rich countries ( both EU and US spend 1.3 Trillion in Ukraine war + more $billion to support Israel in Middle East). Hence they need more taxes for Gov machinery to function, donation to poor countries. Furthermore USA 35 Trillion Debt. Hence despite metreoric rise in EV adoption, Fossil is here is here to stay.

Indonesia has asked ExxonMobil to raise its crude oil production from 125,000 barrels per day (bpd) to 150,000 bpd by 2026. The The Cepu Block, Exxon’s flagship project in East Java, currently contributes around 144,000 bpd to Indonesia’s total oil production of 577,000 bpd. Increasing production is expected to help reduce Indonesia’s budget deficit and dependence on oil imports. Partnership and Development: ExxonMobil, in partnership with PT Pertamina EP Cepu and local government companies, signed the Production Sharing Contract for the Cepu Block in 2005.

Generally, the break-even price is the minimum price per barrel at which oil producers can cover their costs and make a profit.

For example, in the U.S., the break-even price for new wells in the Permian Basin is around $62 per barrel, while existing wells can break even at about $38 per barrel. Globally, many new oil projects can break even below $50 per barrel. Brent is retailing at $71 per barrel. Hence it is still profitable business with 30% Margin.

Posted by epal22 > 1 month ago | Report Abuse

Shark will wash ikan billis. Ikan billis cannot survive.

Posted by epal22 > 1 month ago | Report Abuse

Some ikan billis already sold off the tickets. Only real shareholders stand a chance. You buy share you own a company. If company good then you good.

Posted by epal22 > 1 month ago | Report Abuse

Shark can wash a few years, ikan billis will not survive.

Posted by epal22 > 1 month ago | Report Abuse

Epal is shareholder, sharing the honour and defeat, epal do not ask when the price will go up. It probably will, when most ikan kena washed already.

Posted by epal22 > 1 month ago | Report Abuse

During the silent previous many months, many ikan billis had been washed.

Posted by epal22 > 1 month ago | Report Abuse

Ikan billis see no hope and give up with loses. Only the real shareholder owner has a chance.

Posted by epal22 > 1 month ago | Report Abuse

This is the fate of this sea, majority of ikan billis will lose and minority can gain profit. There is saying that out of 10, 8 will lose 1 will draw and 1 will win.

Posted by intansri > 1 month ago | Report Abuse

The announcement to replace company secretary and removed old one is a good sign to the company future in term of share price performance

Posted by Mabel > 1 month ago | Report Abuse

intansri The announcement to replace company secretary and removed old one is a good sign to the company future in term of share price performance
01/10/2024 9:13 PM

Can you elaborate on this sir?

In what way?

Posted by Mabel > 1 month ago | Report Abuse

#epal22 Epal is shareholder, sharing the honour and defeat, epal do not ask when the price will go up. It probably will, when most ikan kena washed already.
01/10/2024 8:51 PM

Well done epal22!

Time travel fast when you are having fun. Q4 has begun..

Stocks closed higher to start the week and end the month, with all major indexes in the green for September at Wall Street.

Monthly gains: Dow up 1.85%, S&P 500 up 2.02%, Nasdaq up 2.68%, Russell 2000 up 0.56%, S&P 400 up 0.98%.

Q4 outlook: Historically the best quarter for stocks, with the S&P 500 typically increasing by over 4% and being up 80% of the time since 1950. Inflation continues to ease, and the focus shifts to the upcoming Employment Situation report.

Fed Chair Jerome Powell’s comments: Indicated two more rate cuts this year, totaling 50 basis points, which is consistent with previous statements. Stocks initially sold off but quickly recovered, viewing Powell’s comments as bullish. Chicago PMI and Dallas Fed Manufacturing Survey showed mixed results indicating a soft landing and no recession.

Malaysian KLCI was the best performing index this year until the Dragon wakes up last week in China with a strong Bazooka. Now the Chinese Index in Hong Kong and Mainland China has overtaken KLCI.

Fortunately KLCI valuation is still 14X against historical high at 16X to 18X. when KLCI was at the peak in 2018. Our economy is improving, Relative Stable Politics, Better expectation of corporate earnings in 2H, Foreign Investors positioning is still light.

There’s optimism for a strong finish to the year and let's hope for the Best !

Meow

Posted by Dav Yau > 1 month ago | Report Abuse

Mana cari....still holding on @ 0.04....index already drop to 12.40

Posted by Dav Yau > 1 month ago | Report Abuse

@ 11.27am...drop 15 points....still holding on @ 0.04
Mana Cari....

Posted by Dav Yau > 1 month ago | Report Abuse

Lol......

Posted by TalkNumberOne > 1 month ago | Report Abuse

😂😂😂 my only ask is OKU and gang when is 0.01 coming? Don’t try to whitewash and say buy now got a chance not 2 years earlier. You just answer when is 0.02 coming?

Posted by TalkNumberOne > 1 month ago | Report Abuse

I give you discount 0.02 cukup. No need to deliver 0.01 as you promise. Because all of us know you are an underachiever in everything😂😂😂

Posted by Mabel > 1 month ago | Report Abuse

The strength of the RM is on an uptrend based on the technical chart. It looks like the appreciation of the RM is too fast and too soon, which may cause more problems for exporters to do business.

I strongly believe it would be beneficial for BNM to reduce the interest rate by 25 basis points to moderate the strength of the RM. A gradual appreciation of the RM would give businesses enough time to adjust to this new phenomenon.

There are many advantages to reducing the interest rate by 25 basis points. Loan borrowers would have lower installments to pay, freeing up extra money that can be used to invest in property, the stock market, buy cars, etc. This extra spending would improve the Malaysian economy and further boost GDP.

I hope BNM will reduce the interest rate by 25 basis points soon, as it would help the KLSE to perform better.

Singapore has a unique approach to managing its currency appreciation. The Monetary Authority of Singapore (MAS) primarily uses the exchange rate as its main monetary policy tool, rather than adjusting interest rates like many other central banks. Here are some key strategies they employ:

MAS manages the Singapore Dollar Nominal Effective Exchange Rate (S$NEER), which is pegged to a basket of currencies from Singapore’s major trading partners. By adjusting the slope, width, and midpoint of this policy band, MAS can influence the appreciation or depreciation of the Singapore dollar.

During periods of high inflation or economic recovery, MAS may allow the Singapore dollar to appreciate to control inflation. Conversely, during economic downturns, they might ease the policy to stimulate growth.

MAS often makes gradual adjustments to the policy band to avoid sudden shocks to the economy. This helps businesses and consumers adjust more smoothly to changes in the currency’s value.

By using these methods, Singapore aims to maintain price stability and support sustainable economic growth, balancing the needs of exporters and the broader economy.

Posted by Mabel > 1 month ago | Report Abuse

A good example is Sapnrg Q2 Result recently.

The Groups have to make provision for Foreign exchange loss despite great progress. 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.

Posted by Mabel > 1 month ago | Report Abuse

Another example is PCHEM…

Petronas Chemicals Group Berhad (PCHEM) did experience forex losses in their latest financial results. Specifically, in the first half of FY2024, PCHEM reported an unrealized forex loss of RM200 million due to the USD-denominated shareholders’ loan for the Pengerang Integrated Complex (PIC). This was a significant factor impacting their financial performance.

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2024-08-19-story-h-154104557-Petronas_Chemicals_Group_Not_Out_of_the_Woods_Yet

Posted by Dav Yau > 1 month ago | Report Abuse

Another Day....
Another Chapter....
For Sapura Energy....

Posted by TalkNumberOne > 1 month ago | Report Abuse

Dav still the same le. Don’t simply promise like Oku and gang then never deliver 😂😂😂😂

Posted by intansri > 1 month ago | Report Abuse

No force selling for yesterday and today with so heavy shares due, who picked up?

Posted by Cockcroach > 1 month ago | Report Abuse

So, party still on for Sapura

Posted by Dav Yau > 1 month ago | Report Abuse

@ TalkNumberOne....hopefully one day....lah. We shall see when January and February arrive. By then if it doesn't move.....then can say Sayonara to Sapura.

Posted by bullrun168 > 1 month ago | Report Abuse

Oil jumps over $3 a barrel as Middle East conflict stokes supply worry
By Georgina Mccartney
Reuter

HOUSTON, Oct 3 (Reuters) - Oil prices surged on Thursday as concerns mounted that a widening regional conflict in the Middle East could disrupt global crude flows.
Brent crude futures settled up $3.72, or 5.03%, at $77.62 a barrel. U.S. West Texas Intermediate (WTI) crude futures settled up $3.61, or 5.15%, to $73.71.
Brent futures reached an intraday high of $77.89 per barrel, while WTI futures peaked at $73.97 per barrel, both hitting one-month highs.

Posted by TalkNumberOne > 1 month ago | Report Abuse

@dav chill bro, wait for it to come. Don’t set expectation, just kept on verifying the facts against your analysis.

Posted by TalkNumberOne > 1 month ago | Report Abuse

Don’t be like Oku and gang - keyboard warrior. Our objective is to make money, theirs is to feel relevant to market through forum. Don’t ask me why market participation through forum and not through transaction? My best guess is with the terbalik 100% record would have lost all their money and can’t buy anything anymore

Posted by SinGor > 1 month ago | Report Abuse

My guess ( supported by oldtimers ) SAP has to "settled " 10bil Loan in Novemeber 2024 bcos most of SAP contracts are based on 3.80 exchange rate---Profit evaporate rapidly unless supported by another 5% decrease in Steel Beam price. Most of last Qr profit comes from material price Deflation---However 2025 is very very fluid with China pump priming market and trying to revitalize Housing Market ( If China succeed, construction material like steel Beam / plate will inflate rapidly cutting very Deep into SAP profit margin in 2026 )----I think Management also mention ( in last Qr results ) appreciation ringgit has expedite loan restructuring timeline--- So I think Loan restructuring or Hair Cut News will be released in Oct / early November

Posted by Mabel > 1 month ago | Report Abuse

Thanks for sharing SinGor!

Posted by Dav Yau > 1 month ago | Report Abuse

Another Green Light from Sapura...

Posted by TalkNumberOne > 1 month ago | Report Abuse

Where is the green light?

Posted by PaiKia > 1 month ago | Report Abuse

wait another 12 months

Posted by bullrun168 > 1 month ago | Report Abuse

Walaoeh, oil price spike up like mad !
Brent closed at=> $80.93 +2.88 +3.69 %
Heng ah, Ong ah, Huat ah !

Posted by Mabel > 1 month ago | Report Abuse

Sapura Holdings gets winding-up petition from shareholder https://theedgemalaysia.com/node/728474

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. It is own by the 1st Generation of Leaders – Tan Sri Shamsuddin and Team. This holding company cannot last due to non stop family fued.. family tak sepakat macam orang Melayu. It's started to wind down since last year.

Mabel's interest is in Sapura Energy’s National Assets. 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. This company is run by 3rd Generation Leadership – PNB and Team.

So, while they are connected through their shared history and ownership, they operate as distinct entities with different focuses and structures. Their family fiasco should not affect SAPNRG's current debt restructuring exercise..

Posted by intansri > 1 month ago | Report Abuse

Better winding up sapura holding as fast as possible then SAPNRG can remove the outstanding liability from them and clean backlog. Hopefully someone can follow up about holding company latest court order

Posted by Mabel > 1 month ago | Report Abuse

Very true indeed..

Posted by Mabel > 1 month ago | Report Abuse

Nice...

Back to 4 sen

Posted by TalkNumberOne > 1 month ago | Report Abuse

😂😂😂

Posted by SinGor > 1 month ago | Report Abuse

i donT know how can Sharil family settle SAP shares without going bankrupt Call by Bankers??????????
It is obvious Shahril SAP shares are finance by Banks.....Say at 40cents ( worth RM720,000,000 ) Now SAP shares
just worth 72million @ 4 sen
It is quite obvious in a "quarrel ", one side is trying to bankrupt the Other ( the one holding more Sap shares )

Posted by TalkNumberOne > 1 month ago | Report Abuse

Conspiracy theory. Don’t need the litigation to over. Once court starts, asset will be frozen cannot sell. 😂 then the whole story make sense why now in a hurry

Posted by SinGor > 1 month ago | Report Abuse

Regardless what Court says---SAP Cannot be unloaded. period ( way below Cost ) That is the reason i say PNB
is a Huge Shark stucked in a Drain ( cannot go anywhere ----have to Goreng up the price )

Posted by intansri > 1 month ago | Report Abuse

Whatever anyone provided conspiracy theory, the operator unloaded shares after 2.30 session

Posted by SinGor > 1 month ago | Report Abuse

one more thing, why White knight "donation" 1 billion never appears??? Look at SAP capitalisation 643mil Only.
White Knight can Buy entire SAP market Value---PNB will never issue shares as collateral for One Billion Loan--
How PNB is going to resolve this anomaly---your guess is as good as mine

Posted by TalkNumberOne > 1 month ago | Report Abuse

Singor give la more hint 😁😁 I really enjoy reading your info

Posted by Mabel > 1 month ago | Report Abuse

Currently, Mabel's weakest Prince is PN17 Sapura Energy.

Currently the Prince is busy with Sapura family fiasco. However it should not affect SAPNRG's current debt restructuring exercise.

Since they cannot managed within the family, better winding up Sapura Holding as fast as possible so that SAPNRG can remove the outstanding liability from them and clean backlog.

Posted by Huangbk72 > 1 month ago | Report Abuse

Warned everyone 2 years ago yet the promoters degil. Now in longkang

Wait 2025 and hopefully all resolve and SAP taken private.

Many O&G listed companies ended up this ending

Posted by Income > 1 month ago | Report Abuse

Mabel no. 1 L over of sprerergy。
I wish her luck with her babygirl

Posted by Mabel > 1 month ago | Report Abuse

#Income Mabel no. 1 L over of sprerergy。
I wish her luck with her babygirl
11/10/2024 2:41 PM

It’s looking good for the 11 Prince of Mabel

As for 12th Prince Sapnrg, regardless what Court says, PNB simply cannot unload their shares at current price as they will be selling below their average cost which is more than 10X Current Price.

One more thing is the White Knight from Middle East cannot appear with “donation of 1 billion. SAP Current Market capitalisation is only RM 643 Million. White Knight can easily Buy entire SAP Market Value. However, Mabel doubt PNB will issue shares as collateral for One Billion Loan.

So Sapnrg has no choice but to go through the Debt Restructuring Plan..

Yes, looking forward for a Baby Gal as she will be as strong as Mabel..

Captain Mabel Meow

Posted by Mabel > 1 month ago | Report Abuse

Wow Sapnrg is the biggest gainer from Mabel 12 Princes..

16.67% Climb today..Even CIMB and Sunway have to kow tow with Sap...

Life is so beautiful..

Posted by Mabel > 1 month ago | Report Abuse

“Much success can be attributed to inactivity. Most investors cannot resist the temptation to constantly buy and sell”

– Warren Buffet Meow