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

Public Investment Bank Bhd

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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External broker reports(aggregated public sources)

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>
<p><em>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.</em></p>


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.

Sapura Energy

Sapura Energy - Narrowing Losses