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Blog 02 Nov 2017, 9:17:26 AM

Khasera Baru Plans to Sell Up to $213 Million of Sapura Energy Shares

By Yantoultra Ngui Published November 01, 2017 Features Dow Jones Newswires



KUALA LUMPUR, Malaysia--Khasera Baru Sdn. Bhd. is looking to sell up to 901.5 million ringgit ($213 million) of shares in Malaysian oil-and-gas services firm Sapura Energy Bhd. (5218.KU), according to a term sheet seen Wednesday by The Wall Street Journal.

Khasera is a private company of businessman Mokhzani Mahathir, one of the sons of former Prime Minister Mahathir Mohamad.

The bookbuilding range for the offer, which represents 605 million Sapura Energy shares, or a 10.1% stake in the firm, was between MYR1.42 and MYR1.49 a share, the term sheet showed. The offer represents an 8% to 12.3% discount to Sapura Energy's closing price of MYR1.62 on Wednesday ahead of the bookbuilding launch.

Write to Yantoultra Ngui at yantoultra.ngui@wsj.com

(END) Dow Jones Newswires

November 01, 2017 08:08 ET (12:08 GMT)





Blog 20 Oct 2017, 3:32:44 PM


20 OCT 17


Source: https://www.facebook.com/Pekan-MeruKlang-599691076801925/


BLOG: How I grew my capital from 30k to 3 million in 10 years from Bursa Malaysia

Blog 12 Jan 2017, 8:18:58 PM

Anticipate your next post...yeah


BLOG: 推选5新主力股.征战2017 4连胜

Blog 03 Jan 2017, 8:19:07 PM

I believe notion is a good pick...


BLOG: 另一场金融风暴? [第一天]

Blog 22 Dec 2016, 6:47:35 PM

Well said.


BLOG: 【杰伦公司】- JAYCORP(7152)再生能源赚亏为盈,盈利YOY+0.15%, 这很差吗?[H@rry]

Blog 19 Dec 2016, 7:59:09 PM

Yes, agreed with you. According the annual report, it's construction sector will become the main contributor to income in coming years. Once this sector start make profit, we can expect higher dividend. Nothing worry as long as it can maintain current profit.



Blog 14 Apr 2014, 1:23:11 PM
[QUOTE=rockbum @ 14 Apr 2014, 12:41 PM]3356[/QUOTE]
Woh.... Your entry price must be damn low. At least few double if you hold this for 3-4 years. Padini is doing really well. Dividend is also increasing.


Blog 23 Jan 2014, 10:46:34 AM
Period 4Q13/FY13

[b]Actual vs. Expectations[/b]
FY13 net profit (NP) of RM121.0m (+3% YoY) came in below expectations, accounting for 88% of our and consensus full-year forecasts of RM137.0m. We were negatively surprised by the disappointing 4Q13 results, as the variance from our forecast was due to lower-than expected sales in overseas market, i.e. mainly Thailand.

Single-tier dividend of 3 sen per share and a special single-tier dividend of 4 sen per share have been declared, bringing the full-year total dividend to 16.0 sen per share vs. our projection of 17.9 sen. This implies a net dividend yield of 3.5% and a dividend payout ratio of 61% of its FY13 earnings. The variance in dividend projection was in tandem with the missed net profit forecast.
Key Result Highlights QoQ,
4Q13 revenue decreased by 37%. The key culprit is the softer Thailand market brought about by the political uncertainties in Thailand and also the fall in Thai Baht against USD which negatively affected its top and bottom lines. The longer-than-expected crisis can be seen in the decline in associates’ contribution (-68% QoQ), which is one of their key earning drivers. Meanwhile, the demand in the Malaysia market stayed on course, but was flat QoQ. Hence, PBT plunged by 61% to RM18.8m.

[b]YoY, [/b]
4Q13 revenue and PBT fell by 33% and 50%, respectively, due to same reason mentioned above. YoY, FY13 revenue fell by 7% to RM417.1m. The decrease in revenue was mainly due to lower local market demand, especially during 1H13 attributable to the tightening of household credit and the sluggish consumer spending. However, due to a higher associate contribution from Thailand (+8% YoY), the PBT increase marginally by 3% YoY.

While the near-term prospects appear uncertain for Zhulian, we believe that the political crisis in Thailand will be short-lived and sales activity should pick up post the Thailand election.
Minimal impact should be seen from the recent fuel and electricity tariff hike.
In the meantime, the company is expanding into the Myanmar market in 1H14 and our estimates has yet to impute for the new contribution as we are awaiting further clarity.

[b]Change to Forecasts [/b]
We are downgrading our FY14-15 net profit estimates by 14% each as we take into account the lower associate contribution as well as lower CDF growth in Thailand.

[b]Rating Downgraded to MARKET PERFORM[/b]

We are [b]cutting our TP from RM5.40 to RM4.70 [/b] based on an unchanged fwd. PER valuation of 15.8x but lowered FY14E EPS of 29.9 sen. We have already reflected the main earnings risk from Thailand into our estimates.
Thus, we left our targeted PER unchanged, as we believe that the Thailand political crisis would be short-lived and the ascribed PER is still at a 16% discount to Amway’s 18.7x.

[b]Risks to Our Call [/b]
A prolonged political crisis in Thailand
A slowdown of consumer spending in domestic market.

Source: Kenanga

STOCK: XDL (5156)

Blog 23 Jan 2014, 9:35:12 AM
Investing in china company is just like playing fire. What do you think? {:star}


Blog 15 Jan 2014, 11:26:42 AM
[QUOTE=choopin @ 20 Sep 2013, 04:50 PM]2830[/QUOTE]
Dropped seriously today. {:doh} Any news? Wondering if I should cutloss?


Blog 15 Jan 2014, 11:24:42 AM
[QUOTE=jeloft @ 15 Jan 2014, 10:45 AM]3102[/QUOTE]

Yes, BJTOTO won't make you rich but a stable dividend income. {:thumbup}


Blog 15 Jan 2014, 11:24:03 AM
[QUOTE=WayneNg @ 15 Jan 2014, 11:10 AM]3103[/QUOTE]
Short term? What's the target price? {:notworthy}


Blog 10 Jan 2014, 10:46:06 AM
[QUOTE=tingtaimeng @ 10 Jan 2014, 04:47 AM]3091[/QUOTE]

Mind to share how good is this book? What's the method he is using? TA or FA?


Blog 25 Nov 2013, 9:37:40 AM
[QUOTE=CTYap @ 22 Nov 2013, 07:20 PM]2991[/QUOTE]

Thanks CTYap, i think i will sell it too. {:sad}


Blog 22 Nov 2013, 9:07:53 AM
very bad result... should i sell it now? anyone still holding this stock? {:question}

STOCK: KNM (7164)

Blog 15 Nov 2013, 1:35:35 PM
[QUOTE=cheenian @ 14 Nov 2013, 07:42 PM]2964[/QUOTE]

A lot people trapped in this stock. Beware of it.


Blog 08 Oct 2013, 3:18:39 PM
[QUOTE=Investor101 @ 08 Oct 2013, 03:12 PM]2869[/QUOTE]

No worry, the report's due date is 20 Oct 2013. All the companies are giving 2 months to prepare the report.


Blog 04 Oct 2012, 3:37:07 PM
[QUOTE=petracot @ 04 Oct 2012, 11:16 AM]1943[/QUOTE]

Thank you so much for the nice call. Running wild now. {:thumbup}

STOCK: JCY (5161)

Blog 27 Sep 2012, 1:15:30 PM
[QUOTE=petracot @ 27 Sep 2012, 01:01 PM]1910[/QUOTE]

Thanks for your opinion. You are right, JCY does not looks good in future and the TA is very negative now. Better sell all your share on hand. Not a good bet for sure. {:smile}

STOCK: TDM (2054)

Blog 10 Aug 2012, 1:37:16 PM
[QUOTE=bewise @ 10 Aug 2012, 01:33 PM]1530[/QUOTE]

I think it will drop till RM3 easily with this poor result. So, it is wise not to catch the falling knife.