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KUALA LUMPUR: Tan Sri Shahril Shamsuddin, the founder of Sapura Energy Bhd, is retiring from his executive post in March after spending 25 years leading the oil and gas company.
KUALA LUMPUR: UOB Kay Hian Malaysia Research has upgraded Sapura Energy to Hold and sum-of-parts target price to 13 sen from 10 sen after profit upgrades, and this assumes a refinancing scenario.
KUALA LUMPUR: Stocks to watch on Monday include Icon Offshore Bhd, Sapura Energy Bhd, Amanah Harta Tanah PNB (AHP), Scientex Bhd and Ho Wah Genting Bhd, according to JF Apex Research.
KUALA LUMPUR: Sapura Energy Bhd posted its second straight quarterly net profit on improved operating metrics from its Engineering & Construction (E&C) division.
KUALA LUMPUR, Sept 18 (Bernama): The impact of the Covid-19 pandemic on the oil and gas industry (o&g), coupled with green agenda activism, could trigger an era of mega-mergers and consolidation among the super majors in the industry, AmInvestment Bank Bhd analyst Alex Goh said.
KUALA LUMPUR: Shares of Sapura Energy Bhd rose 4% in early trade Friday after securing RM840mil total contracts.
KUALA LUMPUR: JF Apex Research expects Top Glove Corp Bhd, Daibochi Bhd, Sapura Energy Bhd, Advancecon Holdings Bhd and UEM Sunrise Bhd to be among the stocks to watch on Friday.
KUALA LUMPUR: Kenanga Investment Bank Research remains cautious over Sapura Energy's highly geared balance sheet and earnings delivery despite the group's recent contract wins.
KUALA LUMPUR: Sapura Energy Bhd’s subsidiaries and a joint venture have been awarded contracts and contract extensions worth a combined value of about RM840mil in South America.
KUCHING: Petronas and its subsidiaries have paid state sales tax (SST) on petroleum products amounting to RM2.9bil to the Sarawak government.