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>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><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>

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