Halo, he retired this year meaning that most of the project on going losses is under his management, easy logic thinking la, within 7 years this con company can drop from RM 4.5 to RM0.1, really pro management and this company is being supported by government for years. This implies of their incompetence and inability to manage the company well , Malay dilemna again

I dont want to know con company management or leaders because they only benefits themselves, look at their CAPEX, savvy investor will make huge profits to the company, but what have they done? Even they have lots of project but still the company didnt see any profits, they already received many project since 2-3 years ago but still making loss in the profit & loss statement, keep on getting project does not means company will make profit, they need to maximise their productivity~

i know what u mean, they did invest a lot few years ago, jv with major ong player around the world and recently registered as Aramco contractor..but its just not a good timing now, i dont think sapura will bankrupt easily, they got their own oil blok at sarawak water and the oil platform is just start this year...they already start invest in renewable energy...windfarm installation at offshore taiwan...from last year till now just few project awarded...ong sector still not fully recovered yet..

Con company will never wake up because their tongkat culture already get used to it, if government give lesser subsidy, they blame government or chinese, they never reflect on themselves and their culture. Even some project given by government to them, they make claimation more than what have been done- i know because i am working in construction sector

yes i believe u...this u said con company's doesn't get nothing from government...this tongkat company is international player...they have sapura mexico, Australia, brazil and etc...yes they using sapura logo with they own country men staff...they even have sapura india staff at lumut perak..they get dorado project from Australia...u think malaysia government gave this project? stop accuse a thing u dont know...their work culture is above than u can think about..u just another typical malaysian.

I am in O&G industry, most Malaysia contracts from Petronas , most of their oversea projects are losing money n they bought old Junk from Seadrill at very high price through borrowing...assets value is junk price now...Oversea projects are poorly executed n losing tons of money and drastic drop in Seadrill assets Rigs...bleeding like hell n heavy financing....can not see the light yet with this qtr Rm1.5b losses .....don't know how to comment now....

fn ricco, although you work in O&G sector but you are sleepy, you just know how to work but does not know how to think, fred yeo has commented that most of the O& G company bought old junk from seadrill at very high price as you can see in property,plan and equipment section that cost at 93billion in profit & loss statement. Then also look at their intangible asset, do you think sapura has good will until 50billion? Not an issue about typical Malaysian, is we think beyond than that, we know how to think well. As i said earlier, they get project from oversea are just beautiful story, look at their operating expenses........like bull shitt