Highlights
KLSE: SUMATEC (1201)       SUMATEC RESOURCES BHD MAIN : Energy
Last Price Today's Change   Day's Range   Trading Volume
0.01   0.00 (0.00%)  0.005 - 0.015  27,648,800
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Overview

Market Cap: 43 Million
NOSH: 4,253 Million
Avg Volume (4 weeks):28,926,228
4 Weeks Range:0.005 - 0.03
4 Weeks Price Volatility (%):
20.00%
52 Weeks Range:0.005 - 0.045
52 Weeks Price Volatility (%):
12.50%
Average Price Target:-
Stamp duty exempted for year 2019

Financial Highlight

Latest Quarter | Ann. Date 30-Jun-2019 [#2]  |  28-Aug-2019
Next QR | Est. Ann. Date: 30-Sep-2019  |  30-Nov-2019
T4Q P/E | EY: -9.84  |  -10.17%
T4Q DY | Payout %: 0.00%  |  - %
T4Q NAPS | P/NAPS: 0.12  |  0.08
T4Q NP Margin | ROE: 0.00%  |  -0.85%

Headlines

Date Subject
08-Oct-2019 PublicInvest Research Headlines - 8 Oct 2019
03-Oct-2019 Evening Market Summary - 3 Oct 2019
14-Aug-2019 Evening Market Summary - 14 Aug 2019
29-Jul-2019 Evening Market Summary - 29 Jul 2019
25-Jul-2019 Evening Market Summary - 25 Jul 2019
08-Jul-2019 Evening Market Summary - 8 Jul 2019
04-Jul-2019 Evening Market Summary - 4 Jul 2019
04-Jul-2019 幸马泰哈萨克联营伙伴·诉赢债权人
03-Jul-2019 PublicInvest Research Headlines - 3 Jul 2019
03-Jul-2019 Mplus Market Pulse - 3 Jul 2019
11-Apr-2019 Evening Market Summary - 11 Apr 2019
25-Feb-2019 PublicInvest Research Headlines - 25 Feb 2019
22-Jan-2019 Evening Market Summary - 22 Jan 2019
18-Jan-2019 Evening Market Summary - 18 Jan 2019
02-Jan-2019 Evening Market Summary - 2 Jan 2019
24-Dec-2018 Mplus Market Pulse - 24 Dec 2018
20-Dec-2018 Evening Market Summary - 20 Dec 2018
22-Nov-2018 Mplus Market Pulse - 22 Nov 2018

Business Background

Sumatec Resources Bhd is an investment holding company and is engaged in upstream oil and gas operation. The company focuses on acquiring and developing new and underperforming oil and gas fields. It has also interests in the rakushechnoye field in Kazakhstan.
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  141 people like this.
 
shanghai1975 hahaha
14/10/2019 3:33 PM
bargadcapital THE TOP CORE WINNERS OF THE DIGITAL ECONOMY IN LATEST MALAYSIA'S BUDGET, Calvin Tan Research 15 Oct

https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/230081.jsp
15/10/2019 10:06 AM
maya1301 Gonna be like HBGLOB
Uplift from PN17
SELL!! SELL!! SELL!!
15/10/2019 10:06 AM
polycarp Good morning dragonslayer. Any good news?
15/10/2019 10:09 AM
kenie Sumatec's PN17 regularisation plan submission deadline extended to Oct 29
KUALA LUMPUR (Oct 1): Practice Note 17 (PN17) company Sumatec Resources Bhd said today Bursa Malaysia granted the oil and gas firm a time extension of six months up to Oct 29, 2019 to submit a regularisation plan to the authorities.
In a bourse filing today, Sumatec said it had on Sept 4 received Bursa's letter on Sumatec's application for the time extension.
"After due consideration of all facts and circumstances of the application, Bursa has decided to grant the company an extension of time of six months up to Oct 29, 2019 to submit a regularisation plan to the regulatory authorities," the group said.
Sumatec had initially announced its PN17 status in April 2018. In a bourse filing on April 30, 2018, Sumatec said it became a PN17 company after its auditors expressed a disclaimer opinion in the company's audited financial statements for financial year ended Dec 31, 2017.
15/10/2019 10:09 AM
kenie Bursa Securities shall suspend the trading of the listed securities of SUMATEC on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company's right to appeal against the delisting.

This announcement serves as the monthly announcement required under Paragraph 4.1(c) of PN17 of the Main LR.

This announcement is dated 1 October 2019.
15/10/2019 10:11 AM
zul countdown berapa hari lagi suspend trading sumatec
15/10/2019 11:13 AM
Alex™ Har... Must suspense ah....sumatek very memorable in my trading career leh..... Pls dont give up!
15/10/2019 1:15 PM
Alex™ Har... Must suspense ah....sumatek very memorable in my trading career leh..... Pls dont give up!
15/10/2019 1:16 PM
T800Terminator Golden era of Y2013 when Sumatec was trading at 0.45 gone into history forever. Miss that era.
15/10/2019 1:40 PM
zenbeginner Waiting for update, anyone has any?....creeping towards 29 Oct now....
15/10/2019 1:58 PM
336699 Alex™ Har... Must suspense ah....sumatek very memorable in my trading career leh..... Pls dont give up

Any white knight to the rescue.....
15/10/2019 2:37 PM
kirawang 50% up wow! kikikikikih
15/10/2019 3:12 PM
bargadcapital OPCOM & NETX: CORE WINNERS OF THE DIGITAL ECONOMY IN LATEST MALAYSIA'S BUDGET, Calvin Tan Research


https://klse.i3investor.com/blogs/www.eaglevisioninvest.com/230081.jsp
15/10/2019 3:49 PM
johnchew body burn with coffin
15/10/2019 9:23 PM
AppleKA Where is Paktua??
Can share some direction ahhh..
I'm locked at high price..
15/10/2019 10:15 PM
Banditos paktua suicide bomber ramai punya.. this one sumatec if loss kacang putih for him.
15/10/2019 10:45 PM
Westeros Appleka what price you bought?
15/10/2019 11:58 PM
cashflow Any news from the court ruling?
16/10/2019 1:09 AM
Alex™ Ah pek already win alot. Normal trader got cutlost limit, so even this counter gg, ah pek still no prob.

It took me several hard lessons to know the importance of protect your downside.
16/10/2019 8:48 AM
nickfcng When will Sumatec going to be delisted? What is your recommendation? Sell or what?
16/10/2019 11:18 AM
Leoleo Alex sula ciakap is gamble ma. paktua juga ciakap before ma..ini gamble la nia
what more you expect.?
If you not gamble one , just leave la.
16/10/2019 11:19 AM
zul dragonslayer countdown !
berapa hari lagi suspend trading sumatec
Halim simahyang bursa kuat kuat tak mau kasi masok keranda
16/10/2019 11:48 AM
zul Leoleo Halim simahyang rabu khamis jumaat harap bursa boleh tolong tolong
16/10/2019 11:50 AM
zul alamak paktua pecaya bomoh ibrahim..ini hari ibrahim cakap dia ada kuasa ajaib masih boleh tahan sampai jumaat ......tak payah jumaat saja
16/10/2019 11:54 AM
Leoleo jagan risau sumatec will rise again just like KNM.


aiyoyoyoy
16/10/2019 2:43 PM
kenie 20 Jul 2016 SUMATEC HALIM BIN SAAD ( 849,756,000 shares 21.9790 %)

26 Oct 2016 DEFAULT IN PAYMENT
30 Nov 2016
30 Dec 2016
26 Jan 2017
28 Feb 2017
17 Mar 2017

26 May 2016- HIGH COURT OF MALAYA KUALA LUMPUR SUIT NO. WA-28NCC-427-05-2016
NFC LABUAN SHIPLEASING I LTD VS PLANTIFF
SUMATEC RESOURCES BERHAD DEFENDANTS

8 Apr 2017 HALIM BIN SAAD Disposed 14,200,000
18 Apr 2017 HALIM BIN SAAD Disposed 9,570,000
13 Apr 2017 HALIM BIN SAAD Disposed 6,076,200
12 Apr 2017 HALIM BIN SAAD Disposed 3,000,000
11 Apr 2017 HALIM BIN SAAD Disposed 25,500,000
7 Apr 2017 HALIM BIN SAAD Disposed 10,000,000
7 Apr 2017 HALIM BIN SAAD Disposed 22,500,000
9 Jan 2017 HALIM BIN SAAD Disposed 6,000,000
9 Jan 2017 HALIM BIN SAAD Disposed 8,000,000
6 Dec 2016 HALIM BIN SAAD Disposed 19,000,000
2 Dec 2016 HALIM BIN SAAD Disposed 77,731,000
16/10/2019 2:46 PM
kenie 28 Apr 2017-HIGH COURT MALAYA KUALA LUMPUR SUIT NO. WA-22NCC-52-02/2017 MALAYSIAN TRUSTEES BERHAD, KERISMA BERHAD, CAPONE BERHAD AND PRIMA UNO BERHAD (COLLECTIVELY REFERRED AS THE PLAINTIFFS) VS SUMATEC RESOURCES BERHAD (DEFENDANT)

24 Jan 2018-EBONY RITZ SDN BHD ("The PLAINTIFF") VS SUMATEC RESOURCES BERHAD (THE DEFENDANT")

30 Jan 2018- IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR (BAHAGIAN DAGANG) SUIT NO. WA-22NCC-382-08/2017 MALAYSIAN BANKING BERHAD (PLAINTIFF) VS SUMATEC RESOURCES BERHAD (DEFENDANT)

29 Jan 2018 HALIM BIN SAAD Disposed 127,000,000

30 Jan 2018- IN THE HIGH COURT OF MALAYA IN KUALA LUMPUR (BAHAGIAN DAGANG) SUIT NO. WA-22NCC-382-08/2017 MALAYSIAN BANKING BERHAD (PLAINTIFF) VS SUMATEC RESOURCES BERHAD (DEFENDANT)

26 Feb 2018-SINGAPORE HIGH COURT SUIT NO. 808 OF 2017 HOE LEONG CORPORATION LTD VS SUMATEC RESOURCES BERHAD AND CHAN YOK PENG
16/10/2019 2:47 PM
kenie 30 Apr 2018-DISCLAIMER OF OPINION IN EXTERNAL AUDITORS' REPORT ON AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017

02 May 2018 SUMATEC RESOURCES BERHAD - NEW ADMISSION INTO PN17

12 Jun 2018- Continental Industrial Supplies and Services Ltd LLP (the Claimant) vs. Sumatec Resources Berhad ( Respondent) LCIA Arbitration No. UN163528

6 Aug 2018 HALIM BIN SAAD Disposed 66,000,000

Sep 2018- BURSA MALAYSIA SECURITIES PUBLICLY REPRIMANDS SUMATEC RESOURCES BERHAD FOR BREACH OF THE MAIN MARKET LISTING REQUIREMENTS

29 Oct 2018 - In the Session Court at Kuala Lumpur Kerajaan Malaysia (Plaintiff) VS Sumatec Resources Berhad Writ No. WA-B51NCvC-71-10/2018

24 Jan 2019 HALIM BIN SAAD Disposed 197,298,800
23 Jan 2019 HALIM BIN SAAD Disposed 62,748,000
21 Dec 2018 HALIM BIN SAAD Disposed 54,390,000
12 Dec 2018 HALIM BIN SAAD Disposed 25,000,000

30 Apr 2019- ADVERSE OPINION IN EXTERNAL AUDITORS' REPORT ON AUDITED CONSOLIDATED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018
16/10/2019 2:48 PM
Leoleo kenie sumatec not yet up la...
u wait suma up then only post these la....

kikikiki
16/10/2019 2:53 PM
kenie 30 Sep 2019- Acceptance of notice on suspension of gas processing activities under GDPA from Markmore Energy Labuan Limited

01 Oct 2019 - Managing Director ABU TALIB BIN ABDUL RAHMAN Resign
Working experience and occupation
1979 - 1980 : Served as legal officer of Bank Pertanian Malaysia
1980 - 1981 : Manager of Asia vest-Merchant Bankers Berhad
1981 - 1986 : Accountant in Bank Bumiputera Malaysia Berhad
1986 - 1991 : Served as partner of two legal firms
1991 - present : Managing and founding partners of Abu Talib Shahrom (a legal firm)
Any conflict of interests
He is the vendor and has 51% control in Borneo Energy Oil and Gas Limited.
He is also the partner to Abu Talib Shahrom, the advocates and solicitors to Sumatec Resources Berhad.
He is the sole director of Markmore Central Asia BV (Netherlands) that owns CaspiOilGas LLP in Kazakhstan.

HALIM BIN SAAD below 5% controlling substantial holder % holding(121,117,000 shares 2.85 %)

Sumatec's PN17 regularisation plan submission deadline extended to Oct 29
KUALA LUMPUR (Oct 1): Practice Note 17 (PN17) company Sumatec Resources Bhd said today Bursa Malaysia granted the oil and gas firm a time extension of six months up to Oct 29, 2019 to submit a regularisation plan to the authorities.
In a bourse filing today, Sumatec said it had on Sept 4 received Bursa's letter on Sumatec's application for the time extension.
"After due consideration of all facts and circumstances of the application, Bursa has decided to grant the company an extension of time of six months up to Oct 29, 2019 to submit a regularisation plan to the regulatory authorities," the group said.
Sumatec had initially announced its PN17 status in April 2018. In a bourse filing on April 30, 2018, Sumatec said it became a PN17 company after its auditors expressed a disclaimer opinion in the company's audited financial statements for financial year ended Dec 31, 2017.

7 October 2019.
The Board of Directors of Sumatec wishes to announce that Sumatec Oil And Gas LLP (“SOG”), a wholly-owned subsidiary of Sumatec, had on 7 October 2019 received a notice from CaspiOilGas LLP (“COG”) terminating the JIA and Novation Agreement effective 17 October 2019 (“Termination Notice”).
16/10/2019 2:57 PM
kenie 2016-2019 government,supplies,company,bank and creditor all sued sumatec in courts.Sumatec no ability to settle the big financial problem !
16/10/2019 2:58 PM
kenie The aforesaid extension of time is without prejudice to Bursa Securities right to proceed to suspend the trading of the listed securities of SUMATEC and to de-list the Company in the event:

the Company fails to submit a regularisation plan to the regulatory authorities on or before 29 October 2019;
the Company fails to obtain the approval from any of the regulatory authorities necessary for the implementation of its regularisation plan; or
the Company fails to implement its regularisation plan within the time frame or extended time frame stipulated by any of the regulatory authorities.
Upon occurrence of any of the events set out in (i) to (iii) above, Bursa Securities shall suspend the trading of the listed securities of SUMATEC on the 6th market day after the date of notification of suspension by Bursa Securities and de-list the Company, subject to the Company’s right to appeal against the delisting.
16/10/2019 3:00 PM
SirLockCro .... Plz. Feed us with the latest news... Not nasik basi laaa.... Ha.. Haa.. Haa
16/10/2019 3:08 PM
scrown The Company wishes to announce that based on 5 October 2019 case management on:-

(a) the decision on Encl. 55, Sumatec’s application to discharge the Provisional Liquidator;

(b) the decision on Encl. 76, Sumatec’s application for a stay of proceedings pending disposal of Sumatec’s appeal to the Court of Appeal against the decision in striking out the Fraud Claim against MTB;

(c) the hearing of Encl. 1, the winding up petition; and

(d) the case management of the Encl. 42, Reachmont’s application to appoint a private liquidator.

The Court fixed the Encl. 55 and Encl. 1 for decision and Encl. 42 for case managment on 15.10.2019 at 3 p.m.

The Court dismissed the application for a stay of proceedings (Encl. 76) with costs of RM3,000 to be paid to MTB and RM2,500 to be paid to CISS. However, the Company may consider to file a fresh application for a stay if the ground to dismiss Encl. 76 is because no affidavit of service was filed.
16/10/2019 3:15 PM
scrown The Board after deliberation on the Termination Notice has resolved to seek the indulgence of COG from terminating the JIA and Novation Agreement as the Board is in the midst of finalising a plan to regularise the PN17 status and remedy the Winding-Up Petitions. The plan is expected to involve the following components:

(a) A fund raising exercise involving a rights issue to raise up to RM100 million;

(b) Proposed participation by the Company to build a gas processing facility for the processing of gas from the Oil Field; and

(c) A settlement arrangement with the creditors of Sumatec group involving a settlement amount of RM0.15 in respect of every RM1.00 owed to the creditors (“Settlement Amount”). In this respect, the Company will write to the plaintiffs for the Winding-Up Petitions to seek their agreement-in-principle for the Settlement Amount and for a stay in the legal proceedings.

The Company will make the necessary announcement on the details and further development of the above matters in accordance with the requirements under the Main Market Listing Requirements of Bursa Malaysia Securities Berhad in due course.

This announcement is dated 7 October 2019.

Is it a good chance to lift PN?
16/10/2019 3:19 PM
SirLockCro Thanks for the latest development Mr Scrown... It's seems a good news indeed..... 2,500 +3,000. Not bad at all.......... Jolly a gud ride babeh.....
16/10/2019 3:26 PM
zenbeginner Wow, sudden spike in volume......
16/10/2019 3:41 PM
zenbeginner is this a sign of dying company or a damn high risk counter that people is betting on being able to survive?
16/10/2019 3:52 PM
dragonslayer Post removed. Why?
16/10/2019 5:25 PM
r8 Sumatec was threatening bursa: You delisted me and investor will lose 700m and they got nothing.....

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6313617
16/10/2019 6:14 PM
cashflow Any news from court hearing yesterday?
16/10/2019 6:16 PM
Leoleo Not threatening la. Mell is the culprit la yo.
Wah lose 700m ga ? Siapa itu crown boleh
Re calculate itu NTA negative berapa ah ?
Aiyo...

Paktua still believe ?
16/10/2019 6:20 PM
cashflow MELL should pay Suma is due on JIA
16/10/2019 6:31 PM
Leoleo Kikiki mell take suma a ride la...u tak tau ga ? Suma spent hundreds of m.

Tapi lapat laniio satu la
16/10/2019 6:33 PM
Leoleo Tomorrow bole q half cent lor..aiyo
16/10/2019 6:36 PM
Leoleo if we manage to resolve our current issues mainly caused by the legacy shipping debts, which should not have existed anymore since the last regularisation exercise of May 2013.


Iti mr chan juga taken a ride with suma lor..chil aka piinya olang
16/10/2019 6:39 PM
cashflow Bursa don’t want to lose their Energy players too. Perisai was given extension so there is some chance Bursa might consider the same. They understood the Energy industry is going through a touch cycle.
16/10/2019 6:44 PM
cashflow If this flies, mother share price will shoot up as people might wanna collect to entitle for rights issue. It depends on public perception now on Sumatec prospect.
16/10/2019 6:51 PM
scrown http://www.bursamalaysia.com/market/listed-companies/company-announcements/6313617

I view as a very positive move to ask Bursa for further extension to solve conman of shipping debts. Once sumatec is able to solve it, MELL will join back with sumatec to develop oil business. Good progress
16/10/2019 7:26 PM


 

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