when can buy? after election?
Its now or never.Support at 0.75-0.78.The price now is when price are on the USD 55 per barrrel.Oil price now are in the over USD 68 per barrrel.More higher potential more jobs.
Oil prices are rising. Find out why
https://www.mrinvestor12.com/2018/05/oil-prices-are-going-up.html
It's dirt cheap.Wanted to raised 4 billion to wipe out debt.Somemore listing one of the subsidiary in Australia which may be in billion(Probably USD 1-2 billion in Market cap. ).Worst case scenario target price rm 0.48-rm0.55.If all things go well then probably more than tht.It better not to borrow in the rising rates environment but through equity is better.Based on Number of shares 5.99 billion.
U see im right.Its jumps.Based on 5 of Sep forecast..
Believe its will up back today-Friday to reach another new high later.Or else how can there launch the right issue with this price.Lol.
January 10, 2019 | Hong Wei Giet
Technical Analysis
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- Refer to previous technical analysis SAPRNG blogs on 25.12.2018, SAPRNG shares price don't fall below RM0.275.
- It retrenched from RM0.320 to RM0.280 which is slightly higher than previous level at RM0.275 with RSI in a dull.
More: https://www.fundamental-technical-analysis.com/
January 17, 2019 | HONG WEI GIET
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- SAPRNG failed to challenge EMA20, downward trends and gap down on 14.01.2019. Then,
- More: https://www.fundamental-technical-analysis.com/
February 10, 2019 |HONG WEI GIET
- SAPRNG drop below to maintain RM0.275 with huge volume (Highest in 4 mths+) on 29.01.2019
- RSI fall below 20 and dull in 4 days.
- However, it tries to challenge
Malaysia-based oil and gas (O&G) services provider Sapura Energy Bhd is Austria-listed industrial company, OMV Aktiengesellschaft’s partner of choice.
OMV is a relatively new player in the Asia Pacific region.
“We were screening companies and assets in the region and Sapura top-ranked. We want to grow our business with Sapura,” the company’s deputy chief executive officer Johann Pleininger told Bernama here recently.
He was recalling the selection of Sapura Energy as the company’s new partner in the region, and which eventually saw the setting up of SapuraOMV Upstream Sdn Bhd in November last year, to focus on the Asia Pacific and Mexico.
He was met on the sidelines of the Asia Pacific Energy Award Dinner held here by the Energy Council, which saw OMV and Sapura claiming “The Asia Pacific Company of the Year of Upstream” and “The Asia Pacific Company of the Year of Energy Services, Offshore and Marine”, awards respectively.
According to Pleininger, Sapura Energy group’s production is expected to double or triple over the next five years through the strategic partnership.
“Sapura is right now producing about 10,000 barrels per day. We want to achieve 30,000 by the end of 2020 and around 60,000 to 70,000 in 2023,” he said.
Pleininger, who is also on OMV’s Executive Board, Upstream, described the partnership with Sapura Energy as a good idea.
He expressed OMV’s full commitment to Malaysia and the Asia Pacific region by looking at opportunities to increase business substantially.
“It (Sapura Energy) is a long-term partner,” he stressed.
Although OMV has been described as the “new kid on the block” in the region, it is currently the biggest oil and gas company in New Zealand.
It has also proven its capability by undertaking drastic cost-cutting measures over the last two or three years that saw its production cost fall from US$16.6 per barrel of oil equivalent (BOE) to below US$7.
“I think we are reaching the level we want to be now,” said Pleininger.
Commenting on the ability to run at a low cost to produce energy, Sapura Energy’s president and group chief executive officer, Tan Sri Shahril Shamsuddin, said: “It is an industry-wide effort to be agile, adept and to evolve from a very difficult time from four years ago, to a much better position (now).”
He said the industry’s ability to achieve a lower cost base through more effective execution was testimony “on how we work together to achieve this goal.”
Asked about the outlook of the O&G industry this year, Shahril sees things improving as stability comes in, with lots of activities and many good things happening.
As for Sapura Energy’s recent successful exercise to raise some RM4 billion via a rights issue, he said the company was now in a very good position to take advantage of the increased activities in the O&G industry.
Upon completion of the rights issue and joint venture with OMV, Sapura Energy’s gearing ratio will be reduced from 1.74 times to 0.62 times, which Shahril described as a good level for the amount of activities the company has.
On Sapura Energy winning the Asia Pacific Company of the Year of Upstream award, he paid tribute to Petronas, as the latter’s vendor development programme had enabled the company to build competencies to be a global player.
From a diving contractor to a fully-fledged upstream player, Sapura Energy now has a multinational workforce of about 9,000 and spectrum of capabilities covering engineering, construction and drilling (services segment), as well as exploration and production in more than 20 countries.
The services segment order book has grown to RM19.3 billion to date, the highest in the last two years, after having secured multiple contracts across the globe, including in Malaysia, Australia, India, Mexico, Nigeria and Saudi Arabia.
March 10, 2019| HONG WEI GIET
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- There is a huge transaction volume in the 6 months and push SAPRNG shares to RM0.310 and closed at RM0.305.
- Furthermore, SAPRNG closed gap down on Feb 20, 2019 but it fail to sustain above the gap in next two(2) trading days.
- SAPRNG dropped and challenged
More:- https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET
AmInvestment Bank Research has upgraded Sapura Energy Bhd to “Buy” at 35 sen with a higher target price of 50 sen (from 30 sen) based on a 30% discount to an estimated diluted book value of 72 sen/share, following the completion of its RM4 billion rights issue.
In a note today, the research house said its earlier concerns on the 18.5% undersubscription or 1.8 billion ordinary shares out of the RM3 billion rights shares issued at 30 sen/share on a 5-for-3 basis have been alleviated as the underwriters Maybank Investment Bank, CIMB Investment Bank and RHB Investment Bank have completely disposed of the shares without causing any significant price swings.
“Additionally, we have become more confident of Sapura’s improving earnings prospects which currently stems overseas, principally in the Middle East, Brazil, Gulf of Mexico and West Africa.
“Selected as one of Saudi Aramco's 4 new long-term agreement programme contractors late last year, substantive order book expansions are still likely from Sapura's current tender book of US$8.5 billion with prospective bids of US$14.3 billion,” it said.
The research house said together with the completion of the sale of a 50% equity stake in Sapura Upstream to Austria-based OMV Aktiengesellschaft (OMV) for an enterprise value of US$1.6 billion, it expects Sapura’s net profit to surge by 2.2x for FY20F and 46% for FY21F from substantive cuts in interest costs, partly offset by the upstream earnings deconsolidation.
“Additionally, this will cut the group’s FY20F net gearing from 1.7x to a comfortable 0.5x.
“The stock currently trades at an unjustified ex-PBV of 0.5x for a company poised on an earnings inflection upturn,” it said.
BUY!!!
March 23, 2019 | HONG WEI GIET
- SAPRNG enters upward parallel trend cum with high transaction volume support since Feb 14, 2019.
- After huge transaction volume appeared on Mar 15, 2019, SPARNG achieved RM 0.375 which is highest in Y2019.
- We noticed transaction volume has been back to the lower level (less than 50% of transaction volume on Mar 15, 2019) and shares price entered the retrenchment period with immediate support at RM0.340.
- SAPRNG shares transactions volume even
More:-https://www.fundamental-technical-analysis.com/malaysia/author/HONG-WEI-GIET
Please do not fell asleep.Target of 50 cent by bank AM Invest Reseach on 15 March 2019.Support 34 cent by other.I put it near support 18-20 cent worst case scenario.There do not take note that number of shares last time 5.99 billion.Now based on number of shares 15.97 billion after gigantic right issues on 31 December 2018.What a huge mistakes there made.
My advise is keep accumulating this share, it will be around rm1.00 before year end as long as the price of crude remain above usd65/bbl. It is about usd72/bbl now.. Sapura has secured contract worth more tha rm1 billion. It was rm5/share at its peak around 2014
Hey! Today, R-Table will be covering Sapura Energy Berhad by presenting financial results in a short, fun & interesting way. Click the link below to watch the video.
Link: https://youtu.be/fzVA45jZwsg #YAPSS #RTable #SapuraEnergyBerhad #MakeInvestingFun
June 4, 2019 | HONG WEI GIET
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- SAPRNG fails to sustain above EMA120 with two (2) attempt on Mar 18-2019 and Apr 8-2019 respectively.
- It ended a short-term downward trend with lower low RSI level since Mar-2019 and bounce back above 20 levels.
- In term of technical analysis perspective, we need to wait for another retrenchment of RSI
More:- https://www.fundamental-technical-analysis.com/
So what we may say here ? That we already sorry for the people who bought a lof that stuff lately basically for everything being done here ? Is that what you say ? I see that words on the graphic charts you are posting here with fast speeds.