External broker reports(aggregated public sources), Public Investment Bank Bhd

Public Investment Bank Bhd

External broker reports(aggregated public sources)

Public Investment Bank Berhad provides investment banking services. The Company offers corporate finance, banking, securities financing, capital market, treasury, and advisory services.

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Equity Bottom-Up

<ul>
<li>Excluding foreign exchange (FX) gains of RM217.6m, Sapura Energy (SapE) reported core net loss of RM71.5m in 1QFY24, narrowing by 75% QoQ.</li>
<li>This is mainly due to the absence of goodwill impairment for SapuraOMV, despite lower drilling rig utilisation rate and Engineering and Construction (E&amp;C) approved claims in 4QFY23.</li>
<li>On a YoY basis, core net loss narrowed by 14.8% on account of higher drilling rig utilisation and increased operation and maintenance (O&amp;M) activities. </li>
</ul>
Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.


Excluding foreign exchange (FX) gains of RM217.6m, Sapura Energy (SapE) reported core net loss of RM71.5m in 1QFY24, narrowing by 75% QoQ.
This is mainly due to the absence of goodwill impairment for SapuraOMV, despite lower drilling rig utilisation rate and Engineering and Construction (E&amp;C) approved claims in 4QFY23.
On a YoY basis, core net loss narrowed by 14.8% on account of higher drilling rig utilisation and increased operation and maintenance (O&amp;M) activities. 

Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

<ul><li>Sapura Energy (SapE) announced that it has been classified as a PN17 listed issuer due to going concerns on its shareholders’ equity position of RM85.0m as of 31 January 2022, which is less than 50% of its share capital of RM10.9bn.</li><li>The Group appears to be a high-profile casualty of the COVID-19 pandemic with operational challenges resulting in impairment losses on goodwill in its drilling segment (RM1.7bn) and Engineering segment (RM1.6bn), and impairment on its fixed assets (RM2.3bn).</li><li>The Group has since acted to resolve liquidity challenges and improve its financial health, including negotiations with clients on existing contracts, with the aim of amicable solutions to recover or limit losses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sapura Energy (SapE) announced that it has been classified as a PN17 listed issuer due to going concerns on its shareholders’ equity position of RM85.0m as of 31 January 2022, which is less than 50% of its share capital of RM10.9bn.The Group appears to be a high-profile casualty of the COVID-19 pandemic with operational challenges resulting in impairment losses on goodwill in its drilling segment (RM1.7bn) and Engineering segment (RM1.6bn), and impairment on its fixed assets (RM2.3bn).The Group has since acted to resolve liquidity challenges and improve its financial health, including negotiations with clients on existing contracts, with the aim of amicable solutions to recover or limit losses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Sapura Energy - Officially Classified An Affected Issuer

Malaysia

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Xinjiang Zhundong Petroleum Tech (002207 CH)

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SapuraEnergy is a full fledged upstream oil and gas company. The Company provides engineering, procurement, construction, installation and commissioning services through its fabrication, hook-up and commissioning, and Offshore Construction and Subsea Services divisions.

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Sapura Energy (SAPE MK)

Sapura Energy - Narrowing Losses

Excluding foreign exchange (FX) gains of RM217.6m, Sapura Energy (SapE) reported core net loss of RM71.5m in 1QFY24, narrowing by 75% QoQ.

Public Investment Bank Bhd

Sapura Energy - Officially Classified An Affected Issuer

Sapura Energy (SapE) announced that it has been classified as a PN17 listed issuer due to going concerns on its shareholders’ equity position of...

Public Investment Bank Bhd

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