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Not many company in Malaysia can generate over 1 billion revenue in every quarter.. It is quite a waste if such a company dissapear fr O&G industry in Malaysia.. their contribution to Malaysia economy is huge..dont let this ship sink!.
If really the management gave up and the company is going to go bankrup soon, we should see a lot of their asset being put on sell.. So far only their pipe lay barge has been sold, u dont really lay new pipes or make a new platform/rig to catch the good oil price now.. It is whether u have production facility to pump out more oil or not.. If u dont have, then it is just too bad..
After PN17 is the regulisation plan.. This will be the most interesting part. If MOF steps in with their SPV to help Sapura at least complete their job in hand, then Sapura will become great again..
Whether Sapura will get assistant or not is no longer a question - In my opinion, they will get the assistant..
The only question now is 'HOW'.. Would Petronas take over them, will government give them government guarantee so that banks can lend them money, or will MOF set up a new vehicle to jv wt Sapura to finish off their jobs in hand so that they can get their money which they can then use the money as their operating capital.. or in worst case they will be bought over by foreign company, they have good infrastructure that is ready to take up any O&G job!
Jaga2, mungkin kenaikan semalam hanya permainan speculators.. Pump utk berikan indication Sapura akan di bail-out.. Then ramai yg masuk push harga naik.. harga tinggi nanti, speculators cabut, retailers terciduk.
regulisation plan submit by Feb 2022..so, not so soon akan delisted.. andaikata on Feb 2022, company boleh convince Bursa yg dorang leh handle hutang2 dorang, then company leh continue on bursa.
