Friday, February 9, 2018

'Dislike' - SAPNRG (Pressing Issues Unresolve) ... SELL

Its contract wins (Feb 2018) worth RM905 mil should have brought much needed cheer to shareholders, but instead turned out to be a damp squib judging from its sluggish share price (Till 08 Feb 2018).
 It looks like investors still need some convincing as sentiments on the company are further weighed down by concerns over the impact of Sapura Energy’s client, Petroleo Brasileiro SA’s (Petrobras) legal suit in the US. 

In addition, depleting cash pile and high gearing are still a drag on the company.

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