PETALING JAYA: Sapura Vitality Bhd might not be capable of flip round its operations within the near-to-medium time period after reporting monetary outcomes which as soon as once more got here in under market expectations.
Hong Leong Funding Financial institution (HLIB) Analysis mentioned in a report back to shoppers that heightened price overruns in its tasks, liquidity points from difficulties to acquire funding and the oil and fuel firm’s lack of ability to win jobs resulting from its stability sheet misery would possible stop it from doing so.
The funding financial institution’s analysis arm mentioned it was downgrading Sapura Vitality to a “promote