SAPNRG (5218) 沙布拉能源 - [SAPURA ENERGY BHD,新订单的大幅增加] - James的股票投资James Share Investing

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 [SAPURA ENERGY BHD,新订单的大幅增加]

本季度,沙布拉能源录得税前亏损1.082亿令吉。沙布拉能源的财务表现较Q4FY2018的税前亏损及减值1.197亿令吉增加9.6%,主要由于工程及建筑业务表现较佳以及联营公司及合营公司的利润分占较高。

工程建设:
该部门录得本季度的税前利润为3650万令吉,较去年同期的1.814亿令吉减少了1.45亿令吉,与本季度的收入减少一致。

钻孔:
该部门录得税前亏损6,870万令吉,较2018财政年度第一季的税前利润的2080万令吉减少了8950万令吉,与本季度收入减少一致。

勘探和生产:
该部门录得收入2.098亿令吉,较Q1FY2018的收入1.943亿令吉高出8.0%。增加的原因是本季度与Q1FY2018相比实现了更多的生产和更高的平均油气价格的影响。

前景:
石油和天然气行业正在逐步从过去三年中经历的低水平活动中恢复,导致受启动的项目增加。因此,他们的服务部门见证了新订单的大幅增加,最近的合约获胜使沙布拉能源迄今为止的总新订单达到了45亿令吉。预计这将对沙布拉能源本财政年度及以后的盈利产生积极影响。这些新的胜利证明了他们的增长战略有效,因为他们继续加强他们在现有和新市场的存在。

其E&C部门的显着优势包括马来西亚的EPCIC Pegaga天然气开发合同和墨西哥的EPC天然气管道(Ayatsil Line 16)合同,这些合同表明了他们在提供创新技术和适应性方面的良好记录和技术能力。

勘探与生产部门达到了重要的里程碑,包括采取Final Investment Decision(“FID”)将发展Gorek,Larak和Bakong为其SK408天然气田的第一阶段,这是解放价值和提供长期天然气盈利化的关键里程碑计划。 Pepulut油田最近的第九次发现进一步巩固了他们致力于实现SK408高潜力气田的全部盈利化的承诺。此外,他们进入墨西哥Block 30,最近的PSC签署以及新西兰五个海上勘探许可证的投入为长期的业务提供了新的增长机会。

尽管如此,沙布拉能源仍致力于加强其财务状况。为此,沙布拉能源已确定多项措施,包括可能上市的勘探开发业务及可能的融资活动。董事会仍然乐观地认为,行业的逐步复苏将改善沙布拉能源的中长期前景。
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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 https://web.facebook.com/jamesshareinvest/ 与我联系

最终决定永远是你的,谢谢。

James Ng
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In the current quarter, the Group recorded a loss before taxation and impairments of RM108.2 million. The Group financial performance had improved by 9.6% compared to the loss before taxation and impairments of RM119.7 million in Q4FY2018, mainly due to better performance in the Engineering and Construction segment as well as higher share of profit from associates and joint venture companies.

Engineering and Construction:
The segment recorded a profit before taxation for the current quarter of RM36.5 million which was lower by RM145.0 million compared to RM181.4 million in Q1 FY2018, in line with the lower revenue in the current quarter.



Drilling:
The segment recorded a loss before taxation of RM68.7 million, which was lower by RM89.5 million compared to the profit before taxation of RM20.8 million in Q1 FY2018, in line with the lower revenue in the current quarter.

Exploration and Production:
The segment recorded revenue of RM209.8 million, which was 8.0% higher than the revenue of RM194.3 million in Q1FY2018. The increase was due to the higher liftings and the effect of the higher average realised oil and gas price achieved in the current quarter compared to Q1FY2018.

Prospects:
The oil and gas industry is gradually recovering from the low level of activities experienced in the last three years leading to an increase in projects being sanctioned. As a result, their Services segment has witnessed a significant increase in new orders and the recent contract wins have brought the Group’s total new wins to date to RM4.5 billion. This is expected to contribute positively towards the Group’s earnings from this financial year and beyond. These new wins area testimony of their growth strategy taking shape as they continue to strengthen their presence in existing and new markets.

Among the notable wins in their E&C segment are the EPCIC Pegaga Gas Development contract in Malaysia and the EPC gas pipeline(Ayatsil Line 16) contract in Mexico, which represent recognition of their strong track record and technical capabilities in delivering innovative technologies and fit-for-purpose solutions.

The E&P segment has marked significant milestones including taking Final Investment Decision(“FID”) to develop Gorek, Larak and Bakong as phase 1 of its SK408 gas fields which represents a critical milestone in unlocking value and providing visibility of their long-term gas monetisation plans. The recent ninth discovery in the Pepulut field further reinforces their commitment to realise the full potential of their highly prospective gas fields in SK408. Additionally, their entry into Mexico’s Block 30 with the recent PSC signing and farm-ins into five offshore exploration permits in New Zealand provide new growth opportunities for the business in the long term.

Notwithstanding the above, the Group remains committed to strengthening its financial position. Towards that end, the Group has identified several initiatives, including the potential listing of the E&P business and a possible capital raising exercise. The Board remains optimistic that the gradual recovery in the industry will improve the medium-to-long term prospects for the Group.
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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 https://web.facebook.com/jamesshareinvest/

Final decision is always yours, thank you.

James Ng

http://klse.i3investor.com/blogs/general/163790.jsp