Categories for Uncategorized

Can Anuar Taib turn around Sapura Energy?

June 21, 2021 1:32 am Published by

The key question is: will Anuar be able to revive Sapura Energy from the company which closed at 13.5 sen last Thursday with a market capitalization of RM2.16 billion, to its former glory where it was valued at circa RM30 billion?

Sapura Energy chairman: All indicators point to positive outlook for FY22

June 14, 2021 8:04 am Published by

All indicators point to a positive outlook for Sapura Energy Bhd for the current financial year ending Jan 31, 2022 (FY22) as the oil and gas (O&G) support services provider has already secured about 80% of its targeted revenue for FY22, and that the company continues to win more work despite lingering concerns over the economic impact of the Covid-19 pandemic, according to Sapura Energy chairman Tan Sri Shamsul Azhar Abbas.

Sapura Energy secures RM1.3b new wins

April 12, 2019 9:43 am Published by

Sapura Energy Bhd has bagged five new contracts valued at RM1.3 billion for its engineering and construction as well as drilling segments. Among the new wins is the submarine rescue service contract for the Royal Australian Navy, which is a first undertaking for the group. Sapura Energy also marked a new entry into Egypt for works in the Gulf of Suez, along with other wins across Malaysia and Indonesia.

Leaner Sapura Energy hopes for FY20 revival

April 12, 2019 8:54 am Published by

Sapura Energy Bhd ended Jan 31, 2019 (FY19) in the black with a net profit of RM207.5 mil versus a net loss of RM2.5 bil in the previous year. However, the return to profitability was driven by one-off gains which means the oil and gas player actually saw a core loss of about RM945 mil, according to analysts. Nonetheless, the company believes the tide is changing for them, buoyed by a recovering industry and strong orderbook, which should lead to better utilisation of its assets.

Better prospects seen for Sapura Energy following rights issue, stake sale

February 7, 2019 12:29 am Published by

Sapura Energy Bhd’s recent de-gearing exercises are perceived as a net positive for the company, but its shares will remain under pressure until the integrated oil and gas (O&G) group returns to profitability. The company completed its RM4 billion rights issue last week after 9.99 billion new shares, 998.69 million warrants and 2.4 billion Islamic redeemable convertible preference shares were listed on the Main Market.