Corporate News

The oil and gas conundrum

By INTAN FARHANA ZAINUL
Fresh capital needed: PublicInvest Research expects Sapura Energy shares to trade at a target price of 6 sen each, which is 40% lower than the current price of the counter.

The underperformance of Sapura Energy Bhd and Velesto Energy Bhd has put Permodalan Nasional Bhd (PNB) in the spotlight.

Both companies have had PNB as their major owners.

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