“We maintain our ‘sell’ call on Sapura Energy with a lower fair value of 4 sen per share from seven sen previously, ” AmInvestment Research said in a report.
PETALING JAYA: The plunge in global crude oil price could see Sapura Energy Bhd
make a one-off non-core asset provision, according to AmInvestment Research.
The research house said Sapura Energy stock was traded at a distressed forecast price-to-book value for the financial year (FY) ending Jan 31,2022, of 0.1 times due to its persistent losses and high gearing of 0.7 times.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!
