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previous contract extension usually announced in early January. so am expecting the new passport contract announcement to be made in the week of 6th Jan 2025. 2 more weeks to go.
if it s just an extension of 12 months with same condition, it won't be fantastic. if it s a new 5 years contract with revised fees, then it would be fantastic.
learnt from MAS privatization and you would know what awaits Sapura. PNB or Khazanah or PETRONAS would acquire this n delist it from bursa. whatever remaining cash would be to pay up secured creditors. the rest can pick up the dust and smoke left by them. shareholders would always the ones to bear all the losses.
too big to fail. Gov is still helping and looking for buyer. most shareholders would be burnt for sure when it get delisted. only paid up the secured creditors in moving forward.
cheang, glove counters were in my freezer for the past 3 years..cant be "consumed" yet. long time to go before significant recovery in 2026 the earliest.
