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Not many company in Malaysia can generate over 1 billion revenue in every quarter.. It is quite a waste if such a company dissapear fr O&G industry in Malaysia.. their contribution to Malaysia economy is huge..dont let this ship sink!.
Mismanagement, Embezzlement, Misappropriation of Funds, Excessive Spendings, Corruption are the core factors to its down fall.
This company had potential in the beginning but it had bad leaders.
Will see if the new CEO and his management team can salvage this company.
There is still hope to invest some in this company and hope for a bountiful return in the future but have to be careful because it is at its brink of destruction.
It is definitely worth buying at its cheapest now. Given the outlook and challenges the company is facing, this stock is highly risky but may yield good return sometime down the road provided if they can get their house in order.
This is a leap of faith investment. So you must be prepared to lose everything.
