[SAPURA ENERGY BHD：订单目前为135亿令吉]
4Q20 vs 4Q19:
沙布拉能源的持续经营业务录得除税前及减值后的亏损为42.669亿令吉，较2019财年第四季度的21.977亿令吉高94.2％。
工程与建设：
该部门录得除税前亏损，在本季度扣除20.166亿令吉的减值后，较2019财年第4季度的6.244亿令吉的除税前亏损增加了13.922亿令吉。
钻井：
与2019财年第四季度的2.50亿令吉相比，本季度的部门收入为2.532亿令吉，略微增长1.3％。该部门录得20.209亿令吉的税前亏损，较2019财年第4季度的10.924亿令吉的税前亏损高出9.285亿令吉。
撇除减值，该部门录得除税前溢利为200万令吉，较2019年第四季度的除税前亏损7460万令吉高，这是由于本季度较低的折旧成本所致（2019财年第四季度进行资产减值准备）。
勘探与生产：
该部门蒙受7,880万令吉的亏损，主要是由于不成功的勘探及注销，以及油气资产的支出，折旧和摊销增加所致。在该季度中，随着运营的SK408 Larak气田投产，该部门报告了更高的产量。
YTD20 vs YTD19:
集团来自持续经营业务的收入为64.492亿令吉，比上一年度（“相应年度”）的45.684亿令吉高41.2％，主要是由于E＆C业务部门的收入增加。在本年度，沙布拉能源的持续经营业务录得税前亏损为45.518亿令吉，较去年的25.749亿令吉增加76.8％。
工程与建设：
本年度的部门收入为55.112亿令吉，较去年增加50.4％，与本年度的活动增加一致。该部门报告了除税前的亏损，在本年度的减值后为19.253亿令吉，比去年同期的5.689亿令吉增加了13.564亿令吉。
钻井：
本年度的部门收入为9.414亿令吉，较去年同期微升0.9％。该部门录得除税前亏损，在本年度的减值后为21.556亿令吉，比去年的12.310亿令吉高出9.246亿令吉。
撇除减值，该部门录得除税前亏损1.327亿令吉，较2019财年的除税前亏损2.132亿令吉减少8050万令吉，这是由于本年度较低的折旧成本所致（由于2019财年第四季度进行资产减值准备）。
勘探与生产：
该部门产生7,780万令吉的亏损，主要是由于勘探不成功的注销，以及油气资产的支出，折旧和摊销增加所致。在这一年中，随着运营的SK408 Larak气田的启动，该部门报告了更高的产量。
4Q20 vs 3Q20：
沙布拉能源的持续经营业务录得除税前及减值后的亏损为42.669亿令吉，较2020财年第三季的1.132亿令吉高出41.537亿令吉。
前景：
在经历了前一轮的低迷之后，沙布拉能源制定了针对行业周期性的敏捷战略，并通过战略来提高执行能力。沙布拉能源处于有利位置，可以应对当前的挑战，并能够在市场复苏时抓住机遇。
该集团的订单目前为135亿令吉。该集团继续致力于在中东，非洲和美洲等各个地区寻求新的机会。集团目前正在进行的融资活动预计将在2021财年第四季度完成，这将改善其财务状况。沙布拉能源致力于通过有效实施关键举措以度过难关，以优化成本并提高运营效率。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM2.23 (dividend RM0.04) in 1 year 8 months 18 days, total return is 217.5%
b) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.62 (dividend RM0.04) in 1 year 9 months 29 days, total return is 108.8%
c) MI (MI TECHNOVATION BERHAD), recommended on 2 Jun 19, initial price was RM1.67, rose to RM3.42 (adjusted)(dividend RM0.055) in 10 months 28 days, total return is 108.1%
d) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM1.04 in 1 year 3 months 10 days, total return is 80.9%
e) PWROOT (POWER ROOT BHD), recommended on 7 Oct 18, initial price was RM1.59, rose to RM2.27 (dividend RM0.148) in 1 Year 6 months 23 days, total return is 52.1%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
预计公司每年的增长率必须> 14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过jamesngshare@gmail.com 或我的FB页面与我联系。
1)【看懂年报和季报】课程:
11a.m. – 7p.m.，免费茶和咖啡
7月5日星期日：Espira Sri Petaling, KL 3份点心
7月11日星期六：Silka Johor Bahru Hotel, Johor Bahru 7份点心
7月19日星期日：AG Hotel Penang, George Town 2份点心
2)【股票-实际操作班】课程：
10a.m. – 9p.m.，免费午餐和晚餐
7月4日星期六：Espira Sri Petaling, KL
7月12日星期日：Silka Johor Bahru Hotel, Johor Bahru
7月18日星期六：AG Hotel Penang, George Town
有兴趣的朋友，可以电邮或PM FB page联络我
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这个分享纯属讨论以及领域的分析，买或卖自负。请Like和Share这个post。最终决定永远是你的，谢谢。
James Ng
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[SAPURA ENERGY BHD: orderbook currently stands at RM13.5 billion]
4Q20 vs 4Q19:
The Group recorded a loss before taxation and after impairment from continuing operations of RM4,266.9 million which was higher by 94.2% compared to RM2,197.7 million in Q4 FY2019.
Engineering and Construction:
The segment recorded a loss before taxation, after impairments for the current quarter of RM2,016.6 million which was higher by RM1,392.2 million compared to loss before taxation of RM624.4 million in Q4FY2019.
Drilling:
The segment revenue for the current quarter of RM253.2 million was marginally higher by 1.3% compared to the revenue of RM250.0 million in Q4 FY2019. The segment recorded a loss before taxation, after impairments of RM2,020.9 million, which was higher by RM928.5 million compared to the loss before taxation of RM1,092.4 million in Q4 FY2019.
Excluding the impairments, the segment recorded profit before taxation of RM2.0 million, which was higher by RM76.6 million compared the segment recorded loss before taxation of RM74.6 million in Q4FY2019 due to favourable impact from lower depreciation cost in the current quarter as a result of assets impairment exercise in Q4 FY2019.
Exploration and Production:
The segment incurred a loss of RM78.8 million mainly due to the write off of an unsuccessful exploration well as well as higher depletion, depreciation and amortisation of expenditure on oil and gas properties. During the quarter, the segment reported higher production following the start-up of the operated SK408 Larak gas field.
YTD20 vs YTD19:
The Group revenue from continuing operations of RM6,449.2 million was 41.2% higher than the corresponding preceding year("corresponding year") of RM4,568.4 million, primarily due to the higher revenue from E&C business segment. In the current year, the Group recorded a loss before taxation and after impairment from continuing operations of RM4,551.8 million which was higher by 76.8% compared to RM2,574.9 million in the corresponding year.
Engineering and Construction:
The segment revenue for the current year of RM5,511.2 million was 50.4% higher compared to the corresponding year, in line with higher activities during the current year. The segment reported a loss before taxation, after impairments for the current year of RM1,925.3 million which was higher by RM1,356.4 million compared to RM568.9 million in the corresponding year.
Drilling:
The segment revenue for the current year of RM941.4 million was marginally higher by 0.9% compared to the corresponding year. The segment recorded a loss before taxation, after impairments for the current year of RM2,155.6 million which was higher by RM924.6 million compared to RM1,231.0 million in the corresponding year.
Excluding the impairments, the segment recorded loss before taxation of RM132.7 million, which was lower by RM80.5 million compared the segment recorded loss before taxation of RM213.2 million in FY2019 due to favourable impact from lower depreciation cost in the current year as a result of assets impairment exercise in Q4 FY2019.
Exploration and Production:
The segment incurred a loss of RM77.8 million mainly due to the write off of an unsuccessful exploration well as well as higher depletion, depreciation and amortisation of expenditure on oil and gas properties. During the year, the segment reported higher production following the start-up of the operated SK408 Larak gas field.
4Q20 vs 3Q20:
The Group recorded a loss before taxation and after impairment from continuing operations of RM4,266.9 million which was higher by RM4,153.7 million compared to RM113.2 million in Q3FY2020.
Prospects:
Having weathered the previous downturn, the Group has in place an agile strategy designed for the cyclical nature of the industry with strategies to improve execution capabilities. The Group is well-positioned to withstand current challenges and be able to capture opportunities when the market recovers.
The Group’s orderbook currently stands at RM13.5 billion. The Group remains focused on pursuing new opportunities in various regions including the Middle East, Africa and Americas. The refinancing exercise currently undertaken by the Group and expected to be completed by Q4FY2021 will enhance their financial position. The Group is committed to navigating through the downturn by effective implementation of key initiatives to optimise cost and improve operational efficiencies.
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I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page.
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/2020-05-04-story-h1506881346.jsp
