PETALING JAYA: Despite its successful debt restructuring plan announcement, the share price of Vantris Energy Bhd remains depressed.
BIMB Securities said at the current level, it believes there’s limited downside as the group has fully reflected the dilution risk from its regularisation plan.
At last look, shares in the oil and gas company were at 55.5 sen apiece.
“We think the company is able to achieve two consecutive profitable quarters required for its Practice Note 17 exit, underpinned by prudent cost management, strengthened balance sheet and lower financing costs.
“The foreign exchange (forex) risk is also limited post-debt restructuring exercise,” it told clients in a report.
BIMB Securities noted that Vantris Energy recorded a loss of RM231mil in the second quarter ended July 31, 2025 of financial year 2026 (2Q26) mainly due to an unrealised forex loss of RM239mil.
Excluding this, core profit after tax and minority interests stood at RM8mil, marking a strong quarter-on-quarter improvement from a core loss after tax and minority interest of RM465mil in 1Q26.
