Tesla (TSLA) +2% Tesla shares bounced after a rough Monday, despite being down 36% in Q1 — the worst Q1 in company history. Investors are now eyeing its Q1 delivery report due Wednesday, with Street estimates hovering around 380,000 units . Analysts have been revising expectations lower amid backlash over Elon Musk’s role in Trump’s administration. Chinese EV Makers Up XPeng (XPEV) +1.6% : Delivered 33,205 vehicles in March — its fifth straight 30k+ month. NIO (NIO) +1.6% and Li Auto (LI) +1.4% also gained on strong March deliveries. Nvidia (NVDA) -0.6% Still under pressure after a 19.3% Q1 drop , its worst since 2022. Investor worries over AI spending, tech valuation, and trade tensions are weighing heavily. Johnson & Johnson (JNJ) -5% Fell after a Texas judge dismissed J&J’s third bankruptcy attempt to settle talc-related lawsuits via Chapter 11. PVH Corp (PVH) +18.9% Shares surged after Q4 earnings beat expectations ...
Key Takeaways:
Back in the Black: Sapura Energy reported a profit after tax and minority interest of RM189 million for FY25, a strong turnaround from a RM509 million loss in FY24.
Revenue Growth: Group revenue rose 8.9% year-on-year to RM4.7 billion, driven by solid performance in its Engineering & Construction and Operations & Maintenance segments.
EBITDA Performance: The Group posted RM524 million in EBITDA for the financial year ended January 31, 2025.
Debt Restructuring Progress: The majority of financiers under its multi-currency financing have granted Approval-in-Principle for the company’s proposed restructuring scheme.
Strong Order Book: Sapura Energy’s group order book now stands at RM8.5 billion, with an additional RM5.5 billion held through joint ventures and associates — the highest level in recent years.
PN17 Exit in Sight: With court approval for its Composite Scheme of Arrangement, the Group is finalising a Regularisation Plan to exit PN17 status.
Summary:
Sapura Energy has returned to profitability and is positioning itself for sustained recovery, supported by growing revenue, a strengthened order book, and progress in its debt restructuring efforts.
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