Sapura Energy needs time to return to the black


  • Business
  • Thursday, 18 Apr 2019

Sapura Energy said it has engaged advisors to evaluate and advise on this potential exercise, confirming a recent StarBiz Premium article.

PETALING JAYA: Sapura Energy Bhd may need more time to return to the black despite recent contract wins.

CIMB Equities Research, which is retaining its “hold” call for the oil and gas stock, said Sapura Energy announced several contracts on April 12 with more likely to follow as it is in the process of bidding for many more contracts.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

FBM KLCI slips below 1,600 amid weak market sentiment
Pappajack shares to transfer to Main Market on Nov 22
BMW Group Malaysia to discuss with govt entities and local partners on EV assembly
Malaysia regains position as China's second-largest crude oil supplier
Indonesia central bank holds rates steady, as expected
Dollar touches one-week low as safety bid, 'Trump trade' momentum ebb
Forbes: Malaysia’s record FDI solidifies position as key economic player in Asean
CIMB onboards Shangri-La Asia and Kerry Properties in Hong Kong for sustainability-linked loans
HSS Engineers' 3Q net profit jumps to RM7.23mil
Reservoir Link Energy appointed PETRONAS panel contractor

Others Also Read