Depends on QR , Q3 is the weakest QR based on history , if they can deliver good or satisfactory QR in Q3 then for sure they do even better in next few QR for at least 2 to 3 years based on the contracts just been awarded in 2022 and 2023 ...

https://www.klsescreener.com/v2/announcements/view/4839593

Secured another new contract for next 3 years , but did not mention about value .. anyway , should be another good news for company ...

Uzma also involve in Aerospace business ??

Extracted from Uzma Linkedln

We are thrilled to announce that our Group CEO, Dato’ Kamarul Redzuan B. Muhamed, has been appointed as the Pro Tem President of the Malaysian Space Industry Corporation (MASIC).

As an industry-led platform, MASIC aims to create a thriving space industry ecosystem that promotes Malaysian space capabilities as well as attracts investment, talent, and partnerships from around the world. This initiative will inspire future generations of Malaysians to pursue careers and opportunities in the space industry, contributing to the nation’s socio-economic progress.

We are confident that under Dato’ Kamarul’s stewardship, the space sector will propel to new heights.

https://www.thestar.com.my/business/business-news/2023/05/16/focus-on-value-stocks

Uzma have both O&G and Solar , should be benefited from current scenario . Anyway , the next QR is clear indicator if Uzma can survive well even during the recession...

https://www.londonstockexchange.com/news-article/UPL/historical-block-sk334-data-confirms-prospectivity/15935731

Sarawak SK334 , is another area that may have oil reserve can be explored , if they decide to drill oil , Uzma and Penergy (currently they are working on SK433 ) may have chance to participate as well ..

The O&G company all have similar problems , high debt and highly rely on Petronas and end up giving up some margins to maintain the business , however , recently almost all of them mentioned that the rate been adjusted ,hence, should see higher margins in next QR .. the best scenario is to explore more opportunities from oversea market since that will bring higher margins and improve the profit..

O&G revival will be stronger and last longer, says Uzma (from TheEdge )

https://www.klsescreener.com/v2/news/view/1147259/o-g-revival-will-be-stronger-and-last-longer-says-uzma

sorry , the book order is RM2.5B not 25B , so they won another 500millions worth of contract in 4 months ...

9Shares put Uzma into watch list as they managed to win 800millions worth of contacts in recent months and teh order book is now at 25B , which is 5B more compare with end of last year .. good sign and this shall keep them busy and profitable in next few years..

This is the second conversion already .. really can not understand what is the logic behind here .. Anyway wish to hear positive news from this counter ..

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-04-14-story-h-273355175-Oil_Gas_Sector_Outlook_Where_Do_We_Go_From_Here_Kenanga_Channel

TP from Kenaga is RM0.9 for Uzma ..

https://klse.i3investor.com/web/blog/detail/kianweiaritcles/2023-04-11-story-h-273448176-Chinese_airlines_on_biggest_hiring_drive_in_more_than_3_years_as_travel

Recovery and increasing flight schedule in China may drive the oil demand as well ..

Uzma shall be benefited from the rising brownfield activities as well , hope to hear more good news from company soon ..

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-04-11-story-h-273471393-Oil_Gas_Clarity_on_Sustainability_for_OGSE_players

above was extracted from Uzma Linkedln , in this competitive world , only those who has unique capabilities can survive .. hope Uzma bring more good news soon ..

In April 2023, Uzma’s Light Weight Hydraulic Workover Unit (“HWU”) “Devin-252” successfully completed a plug and abandonment (“P&A”) campaign on a small jacket platform at offshore Sarawak. The platform will be re-used for a new field development in Sabah waters by another operator. Once again, Uzma is breaking a new record by operating a Light Weight HWU on one of the smallest platforms in Malaysia.

Devin-252 was integrated with Uzma’s own cementing expertise, Setegap Ventures Petroleum (“SVP”). This campaign has proven our Light Weight HWU’s capability in operating on a platform with limited deck space along with challenging dynamic lifting conditions and severe weather limitations.

We would like to congratulate and thank everyone who was involved in the execution of this campaign, especially our diligent and dedicated base and offshore crew! Another job well done.

Another new contract on hand , good job ,Uzma ...

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-03-31-story-h-274394787-Oil_Gas_Activities_to_Sustain_Despite_Softer_Oil_Prices

Uzma TP : 0.9 .... if they can maintain the EPS more than 2.5sen for each Q , then the actual value should be more than 0.9 ..

Uzma won another new contract .. good job ... need more contracts to boost the share price ...

yap.. I also hope they can find a high tech partner to bring them out of the wood ...

Wow, is that true ?? someone just converted 10mil warrant into ordinary share ?? the current share price is 0.055 and conversion cost is 0.4 , can not understand the logic ....

https://klse.i3investor.com/web/blog/detail/kenangaresearch/2023-03-14-story-h-276158257-Oil_Gas_Record_FY22_Profit_for_Petronas

Petronas shall confirm releasing more contract in 2023 , Uzma shall benefit from it as well ..

Brent crude already up to USD 86 ..

Uzma just released their new Logo , looks better than current one , can find info from their Linkedln ..
https://www.linkedin.com/company/uzmagroup

The company is progressing well , hope management can maintain this , and bring company to another new height ...

yes.. but can not find the info from both Petra and Uzma report .. I believe the magnitude of projects depends on the number of oil rigs that Petronas would like to dig and explore ..

Uzma and Petra jointly won the Sarawak onshore project , anybody knows the progress of this project now ?? IF not wrong that is 29 years contract project ...

Uzma just won another new contract ... good job , hope to hear more good news soon..

TP 1.05
https://www.klsescreener.com/v2/news/view/1115967/publicinvest-raises-target-price-for-uzma-to-rm1-05

TP 1.05
https://www.klsescreener.com/v2/news/view/1115967/publicinvest-raises-target-price-for-uzma-to-rm1-05

Good QR will help to reverse the trend .. just wait and see ...

Won another new contract ...hope this news can bring the share price up to RM 1.0...

I hope what David said is true , that for sure will bring more attention and confidence on Uzma ..

Good news , secured a new big contract.. good job .. hope to hear more new contact soon ..

QR is good , business is good and stable , but share price keep falling ..... this counter lack of publicity , I don't even see the news report on company Q1 result ..

Good QR , anybody knows when the new factory can be ready for production ??

They disposed the subsidiary without announcement ??

you can see from above link , the gas injection is to improve the pressure and yield better output ... I believe Reach is using water injection method now and the result is not good hence need to resort to new method ..

https://www.energy.gov/fecm/science-innovation/oil-gas-research/enhanced-oil-recovery#:~:text=Gas%20injection%2C%20which%20uses%20gases,and%20improves%20its%20flow%20rate.

Reach need to improve the efficiency as current output is low .. hope their turn around plan can work (gas injection ) and increase the output significantly ..

Datuk Seri Lau bought 3 mils shares yesterday .. hope company win additional big business deals soon ...

Debtor is the company who owns the 40% share of Emir oil (Reach owns 60% ) ..

Based on QR report the interest rate for the debt is 5% , so the 245mil debt settlement means annual saving about 12mil ...

PA management start buying shares from open market ..good sign.. hope have good news soon ..

Interesting ... just hope new boss can bring luck to GP ...also wonder who will buy the remaining PP share .. anyway , the disposal of G3 share shall have at least 2 mil profit , hope this help their Q2 result ...

who knows the details of their so called "Fair value loss on other quoted investment " ?? actually they can be almost break even if they do not have this loss .. but not sure how many "fair value loss" they still carry now ??

Anybody attended the AGM ?? Any latest news and developments for GP ??

The recent management org chart from their website just released, all the CcPuan new hired CEO all gone .. inclusive of Mr Tan …

chances are slim ... hope new management can turn around this company , they have big dream , but poor execution , the only way out is to build up the capability of the technical skillset ..