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Energy

Blurry turnaround prospects weigh on Sapura Energy

Analysts cut target price after company posts net loss for eight straight quarters

KUALA LUMPUR (Nikkei Markets) -- Weak operating conditions amid mounting global uncertainties will continue to weigh on Malaysian oil and gas services firm Sapura Energy, further clouding its turnaround prospects following a sharper-than-expected quarterly net loss, analysts said.

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