THE INVESTMENT APPROACH OF CALVIN TAN
THE GREAT RESULTS OF UZMA WILL BREAK 3 TARGET PRICES 1) 75 sen 2) Rm1.00 & 3) Rm1.20, Calvin Tan Research
calvintaneng
Publish date: Thu, 29 Aug 2019, 06:56 AM
calvintaneng
0 1,841
Hi Guys,
I have An Investment Approach I which I would like to all.
I have An Investment Approach I which I would like to all.
Dear Fellow Investors of i3 Forum
UZMA HAS POSTED A CONVINCING TURNAROUND IN ITS QUARTERLY REPORT
See
SUMMARY OF KEY FINANCIAL INFORMATION
|
|
INDIVIDUAL PERIOD
|
CUMULATIVE PERIOD
|
||||
|
CURRENT YEAR QUARTER
|
PRECEDING YEAR
CORRESPONDING QUARTER |
CURRENT YEAR TO DATE
|
PRECEDING YEAR
CORRESPONDING PERIOD |
||
|
30 Jun 2019
|
30 Jun 2018
|
30 Jun 2019
|
30 Jun 2018
|
||
|
$$'000
|
$$'000
|
$$'000
|
$$'000
|
||
| 1 | Revenue(UP 68%) |
138,909
|
82,477
|
443,445
|
384,098
|
| 2 | Profit/(loss) before tax |
20,827
|
2,070
|
42,942
|
14,266
|
| 3 | Profit/(loss) for the period |
14,686
|
4,817
|
35,220
|
18,808
|
| 4 | Profit/(loss) attributable to ordinary equity holders of the parent |
11,804
|
4,579
|
29,704
|
17,169
|
| 5 | Basic (UP 149%) earnings/(loss) per share (Subunit) |
3.69
|
1.48
|
9.28
|
5.54
|
| 6 | Proposed/Declared dividend per share (Subunit) |
0.00
|
0.00
|
0.00
|
0.00
|
|
AS AT END OF CURRENT QUARTER
|
AS AT PRECEDING FINANCIAL YEAR END
|
||||
| 7 | Net assets per share attributable to ordinary equity holders of the parent ($$) |
1.5000
|
1.4800
|
||
Definition of Subunit:
In a currency system, there is usually a main unit (base) and subunit that is a fraction amount of the main unit.
Example for the subunit as follows:
| Country | Base Unit | Subunit |
| Malaysia | Ringgit | Sen |
| United States | Dollar | Cent |
| United Kingdom | Pound | Pence |
As you can see from the above
REVENUE UP BY 68%
PROFITS UP A WHOPPING 149%
Aug 28, 2019 7:00 PM | Report Abuse
Hi guys,
I was driving and one buddy whataspped the great news
Calvin congratulates all of you who have the faith to believe in the fundamental of Uzma
Yes Calvin very happy to know Sifu Icon8888 also joined us.
This quarter results showed tremendous improvements on these factors
1. Revenue increased. Profit increased. Nta also up.
2. Best of all is the exceptional 39% gross profit this quarter (usual was 35%)
3. Sukuk loan at lower interest rate offset borrowings cost. Another clever move by Directors
4. Debt is ok as PpE jumped to over Half billion ringgit
These assets bought when US dollars were lower
Now getting more valuable
5. Exchange rate gain another plus factor as Thai bath stronger than ringgit
6. And all jobs awarded since years
2014
2015
2016
2017
2018
2019
All ongoing
Company did not state how many oil rigs (remaining 16) have been decommissioned this quarter.
I think Uzma is a company with high marks
Near distinction
Yes if further results in Nov 2019 and beyond then Uzma should get a distinction for
1. High gross profit margin
2. Management getting lower funding cost
3. Ability to win contracts for full spectrum in oil and gas business
4. Growing net asset value
5. And increasing EPS
Best regards to all
Regards
Calvin Tan
And i add further one fellow forumer input
value88 Good quarterly result !
Last quarter's poor result created the opportunity to buy :)
The newly acquired SVP has full quarter contribution in this Q and this is one of the main reason for good earnings.
Last quarter's poor result created the opportunity to buy :)
The newly acquired SVP has full quarter contribution in this Q and this is one of the main reason for good earnings.
28/08/2019 10:26 PM
NOW WITH GOOD NEWS BEHIND US WE LOOK FORWARD TO SEE UZMA BREAKS THESE 3 TARGET PRICES
1) FIRST TARGET TO BREAK IS 75 SEN
THIS WAS THE RIGHTS ISSUE PRICE ALL DIRECTORS STILL HOLDING TIGHTLY
2) SECOND TARGET PRICE IS RM1.00
THIS WAS THE LOWEST SELLING PRICE ONE DIRECTOR SOLD TO ANOTHER DIRECTOR
3) THIRD TARGET PRICE IS RM1.20
THIS WAS THE BENCHMARK SELLING PRICE OF DIRECTORS/INSIDERS
BELOW THIS PRICE NO OTHER DIRECTORS SOLD ANY (EXCEPTION WAS THE ONE TRANSACTION AT RM1.00 BETWEEN 2 DIRECTORS)
WARMEST REGARDS TO ALL
HAVE A NICE DAY
Calvin Tan
Please buy/sell after doing your own due diligence
calvintaneng Hi guys,
I was driving and one buddy whataspped the great news
Calvin congratulates all of you who have the faith to believe in the fundamental of Uzma
Yes Calvin very happy to know Sifu Icon8888 also joined us.
This quarter results showed tremendous improvements on these factors
1. Revenue increased. Profit increased. Nta also up.
2. Best of all is the exceptional 39% gross profit this quarter (usual was 35%)
3. Sukuk loan at lower interest rate offset borrowings cost. Another clever move by Directors
4. Debt is ok as PpE jumped to over Half billion ringgit
These assets bought when US dollars were lower
Now getting more valuable
5. Exchange gain another plus factor as Thai bath stronger than ringgit
6. And all jobs awarded since years
2014
2015
2016
2017
2018
2019
All ongoing
Company did not state how many oil rigs (remaining 16) have been decommissioned this quarter.
I think Uzma is a company with high marks
Near distinction
Yes if further results in Nov 2019 and beyong then Uzma should get a distinction for
1. High gross profit margin
2. Management getting lower funding cost
3. Ability to win contracts for full spectrum in oil and gas business
4. Growing net asset value
5. And increasing EPS
Best regards to all
Regards
Calvin Tan
I was driving and one buddy whataspped the great news
Calvin congratulates all of you who have the faith to believe in the fundamental of Uzma
Yes Calvin very happy to know Sifu Icon8888 also joined us.
This quarter results showed tremendous improvements on these factors
1. Revenue increased. Profit increased. Nta also up.
2. Best of all is the exceptional 39% gross profit this quarter (usual was 35%)
3. Sukuk loan at lower interest rate offset borrowings cost. Another clever move by Directors
4. Debt is ok as PpE jumped to over Half billion ringgit
These assets bought when US dollars were lower
Now getting more valuable
5. Exchange gain another plus factor as Thai bath stronger than ringgit
6. And all jobs awarded since years
2014
2015
2016
2017
2018
2019
All ongoing
Company did not state how many oil rigs (remaining 16) have been decommissioned this quarter.
I think Uzma is a company with high marks
Near distinction
Yes if further results in Nov 2019 and beyong then Uzma should get a distinction for
1. High gross profit margin
2. Management getting lower funding cost
3. Ability to win contracts for full spectrum in oil and gas business
4. Growing net asset value
5. And increasing EPS
Best regards to all
Regards
Calvin Tan
28/08/2019 7:00 PM
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Discussions
Be the first to like this. Showing 37 of 37 comments
Posted by calvintaneng > Aug 29, 2019 9:15 AM | Report Abuse X
I am happy to add more at 67 sen & 67.5 sen
Now queueing 66.5 sen and below
Calvin remembers the early bull run of Naim at 50 sen & Dayang at 68 sen
SO THIS UZMA IS STILL IN ITS EARLY DAYS OF REBOUND
For April to May 2019 Quarter estimated decommissioning jobs done for oil rigs about 6 to 8 units maximum.
7 to 14 days per rig if weather is good and all other parties involved on time
SO THERE WILL BE ANOTHER 8 to 10 OIL RIGS DECOMMISSIONING PROFITS TO BE MADE IN NOVEMBER 2019 Report
NOW ALL MUST REMEMBER THIS
FUNDS WILL NOW TAKE NOTICE THAT 3IBS (INVESTMENT BANKS) GAVE WRONG FORECAST ON UZMA AS WELL AS KWAP WRONGLY SELLING
THESE FUNDS (UZMA TOP 30 HOLDERS ARE MOSTLY FUNDS) WILL ADD POSITION LATER JUST LIKE THEY DID FOR NAIM WHICH CAUSED LIMIT UP AFTER NAIM CROSSED RM1.10
BEST COURSE OF ACTION IS TO BUY BEFORE FUNDS START BUYING BIG
2019-08-29 09:38
ONCE EPF STARTED NUYING AGAIN NO MORE UZMA BELOW RM1.00
EMPLOYEES PROVIDENT FUND BOARD 06-Sep-2018 Acquired 58,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Jul-2018 Acquired 39,300 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 27-Jul-2018 Acquired 17,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Jul-2018 Acquired 202,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 26-Jul-2018 Acquired 89,700 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Jul-2018 Acquired 24,400 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 25-Jul-2018 Acquired 5,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Jul-2018 Acquired 57,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 24-Jul-2018 Acquired 20,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Jul-2018 Acquired 195,600 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 23-Jul-2018 Acquired 81,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Jul-2018 Acquired 27,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 20-Jul-2018 Acquired 10,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Jul-2018 Acquired 450,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 19-Jul-2018 Acquired 210,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Jul-2018 Acquired 333,500 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 18-Jul-2018 Acquired 128,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Jul-2018 Acquired 140,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 17-Jul-2018 Acquired 70,000 0.000 View Detail
DATIN ROZITA BINTI MAT SHAH @ HASSAN 16-Jul-2018 Acquired 1,000,000 0.000 View Detail
DATO' KAMARUL REDZUAN BIN MUHAMED 16-Jul-2018 Acquired 1,000,000 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Jul-2018 Acquired 34,200 0.000 View Detail
EMPLOYEES PROVIDENT FUND BOARD 16-Jul-2018 Acquired 17,300 0.000 View Detail
TENGGIRI TUAH SDN. BHD. 16-Jul-2018 Acquired 1,000,000 0.000
CHECK THE DATES EPF BOUGHT AND THEIR HOLDING COST
EPF BOUGHT UZMA ABOVE RM1.00
SO BUYING NOW IS BUYING 30% DISCOUNT BELOW EPF BUYING PRICE
29/08/2019 9:52 AM
2019-08-29 09:54
IF EPF DARE TO BUY ABOVE RM1.00 AND STILL HOLDING TIGHTLY ALL UZMA SHARES
SURELY BELOW 70 SEN IS A SAFE AND HAPPY BUY
2019-08-29 09:56
Kenanga is wrong
See kenanga only traded at 50 sen compared to all other security firm
Better follow TA write-up up on Uzma
2019-08-29 12:23
HLInvest ceases coverage on Uzma
Our previous forecast, SELL recommendation and TP of RM0.63 (pegged to 9x FY20 P/E) should no longer be used as a reference going forward.
Kenanga Research - 29 Aug 2019
Maintain MARKET PERFORM, with TP of RM0.61
PublicInvest Research - 29 Aug 2019
TP of RM0.57
Calvin Tan Research
UZMA WILL BREAK 3 TARGET PRICES 1) 75 sen 2) Rm1.00 & 3) Rm1.20.
2019-08-29 13:15
Hope you are not another HerbertChua - crying all the way to the bank..haha !
2019-08-29 16:12
UZMA
All values MYR Thousands.
2013 to 2019 (Total)
Sales/Revenue 2,665,853
Gross Income 721,962
Net Income 166,519
Net Operating Cash Flow 192,604
Capital Expenditures -629,088
Cash Dividends Paid - Total -12,619
Free Cash Flow -436,484
All values MYR Thousands.
2013 to 2019 (Total)
Total Debt increased by 494,000
2019-08-29 16:12
Stock: [UZMA]: UZMA BHD
Aug 28, 2019 7:00 PM | Report Abuse
Hi guys,
I was driving and one buddy whataspped the great news
Calvin congratulates all of you who have the faith to believe in the fundamental of Uzma
Yes Calvin very happy to know Sifu Icon8888 also joined us.
This quarter results showed tremendous improvements on these factors
1. Revenue increased. Profit increased. Nta also up.
2. Best of all is the exceptional 39% gross profit this quarter (usual was 35%)
3. Sukuk loan at lower interest rate offset borrowings cost. Another clever move by Directors
4. Debt is ok as PpE jumped to over Half billion ringgit
These assets bought when US dollars were lower
Now getting more valuable
5. Exchange rate gain another plus factor as Thai bath stronger than ringgit
6. And all jobs awarded since years
2014
2015
2016
2017
2018
2019
All ongoing
Company did not state how many oil rigs (remaining 16) have been decommissioned this quarter.
I think Uzma is a company with high marks
Near distinction
Yes if further results in Nov 2019 and beyond then Uzma should get a distinction for
1. High gross profit margin
2. Management getting lower funding cost
3. Ability to win contracts for full spectrum in oil and gas business
4. Growing net asset value
5. And increasing EPS
Best regards to all
Regards
Calvin Tan
2019-08-29 17:04
UZMA DIRECTOR OF SALES AT THE FOREFRONT SEES BRIGHT PROSPECT IS BUYING LATELY
NO MATTER WHAT OUTSIDERS OR NAYSAYERS INSINUATE THE CONFIDENCE OF DIRECTORS BUYING UZMA SHARES FROM OPEN MARKET ATTEST TO THEIR FAITH IN VISION IN THE UPCOMING PROSPECTS
SEe
DATO' CHE NAZAHATUHISAMUDIN BIN CHE HARON 08-Aug-2019 Acquired 89,000 0.595 View Detail
DATO CHE NAZAHATUHISAMUDIN BIN CHE HARON 07-Aug-2019 Acquired 80,000 0.576 View Detail
THIS WAS WHAT HAPPENED IN COMPLETE LOGISTIC
DIRECTORS BOUGHT AHEAD
WEEKS/MONTHS LATER COMPLETE DECLARED A WINDFALL SURPRISE
SPECIAL DIVIDEND OF 16 SEN
SO IS THE PROSPECT OF UZMA GETTING BETTER ACCORDING TO INSIDERS?
2019-08-29 17:09
VERY GOOD NEWS
ALL 4 OGSE REPORTED GOOD RESULTS AFTER MONSOON SEASON
1) DAYANG REPORTED 5 SEN PROFIT
2) PENERGY REPORTED 4.4 SEN PROFIT WITH 2 SEN DIVIDEND
3) CARIMIN REPORTED 4.16 SEN PROFIT WITH 1.6 SEN DIVIDEND
4) UZMA REPORTED 3.69 EARNINGS PER SHARE
OF THE 4 CALVIN PREFERS UZMA
WHY UZMA?
ANSWER
1) UZMA HAS THE BEST DISCOUNT OF PRICE TO ASSET VALUE
AT 66 SEN WITH NTA AT RM1.50 UZMA IS SELLING AT MORE THAN 50% DISCOUNT
2) OF ALL 4 UZMA IS THE LAGGARD. THEREFORE ITS UPSIDE BY PER CENTAGE WILL BE HIGHER COMPARED TO OTHERS
3) IF UZMA BOD SHOULD ALSO DECLARE A DIVIDEND LIKE PENERGY AND CARIMIN IT WILL FURTHER BOOST CONFIDENCE
2019-08-29 21:23
With its FREE CASH FLOW still negative and increasing DEBTS, it is unlikely UZMA can declare a dividend.
2019-08-30 10:15
Free cash flows will come very soon when many projects are in completion soon with piecemeal payments locked in
Same was said about pm Corp until it unlock value by disposal of factory land in Singapore to unlock cash for 8 sen payout
So look at the locked in jobs of Uzma which generate the highest gross profit of 35% to 39%
2019-08-30 10:18
3iii don't know what is shame
When you point a finger at others 4 fingers point back to you
If penergy with weak income could pay a dividend why not Uzma
AND you better go sell all your Dutch lady before it crashed like kodak or Polaroid last time
2019-08-30 10:41
TIPU....BUTALAND CASH RICH WILL BREAK 1) 75CTS,2) 1.00 3) 1.50 AND NOW WHAT HAPPEN? END UP ONLY 42CTS
2019-08-30 10:53
Hahaha
Calvin just added more Dutaland at 42.5 sen to 43 sen
If another cash payout at 5 sen means more than 10% yield lah
Don't be afraid if price falls further as dividend by percentage will up even more
2019-08-30 10:57
bought all the useless stocks.....butaland vs ewein almost same price last year now ewein also 68cts but buta already blind
2019-08-30 11:00
Dutaland?
Calvin bought at 39 sen
Now after 10 sen cash payout cost only 29 sen
Another 5 sen coming? Or 10 sen?
Then cost will be even less after deducting further dividends until cost is all taken back and shares become free for life
2019-08-30 11:08
>>>>
calvintaneng Dutaland?
Calvin bought at 39 sen
Now after 10 sen cash payout cost only 29 sen
Another 5 sen coming? Or 10 sen?
Then cost will be even less after deducting further dividends until cost is all taken back and shares become free
>>>>
Do u own only one stock or many many stocks.
It is almost impossible to know the stocks you own in your portfolio.
You must be buying small non meaningful amounts in too many stocks.
This almost guarantees you will not be fabulously rewarded.
2019-08-31 08:56
Why you so curious to know what I am buying?
Will that add to your happiness?
Why didn't you warn the people in Utusan?
You gave them false hope that Utusan got things to sell?
What happened to your maths?
Utusan net assets if sold cannot cover the minus 90 sen deficit
It is a hopeless case without margin of safety
You have failed to warn
As for Calvin's stocks they all have margin of safety in high net net assets
2019-08-31 13:34
slts oil price koyak. oil stocks rebound over
31/08/2019 4:58 PM
calvintaneng For Uzma Oil Price Koyak is very ok
Unlike other oil entities UZMA also expert in Oil Rigs decommissioning Jobs
When times were bad during oil crashed to below USD30 a barrel UZMA was doing exceedingly well for years 2014, 2015, 2016 & 2017
AND LATELY UZMA SECURED A HUGE 22 OIL WELLS DECOMMISSIONING JOBS FOR TWENTY TWO OIL WELLS IN ONE JOB PACKAGE
OF THESE ABOUT HALF ARE COMPLETED WITH PAYMENTS RECEIVED
AND WITH MONSOON OVER THE MONTHS OF JUNE TO OCTOBER WILL BE GREAT TIME TO FINISH THE JOB AND GET EVEN MORE PROFITS
AND ACCORDING TO PETRONAS THERE WILL STILL BE
1) OVER RM20 BILLIONS UPSTREAM JOBS TO BE AWARDED FOR THE NEXT 4 MONTHS OF SEPTEMBER TO DECEMBER 2019
2) MANY MORE OIL RIGS NOW OVER 35 TO 40 YEARS OLD REACHING EXHAUSTION IN OIL EXTRACTION THAT AWAIT DECOMMISSIONING AND DISMANTLING FOR YEARS 2019, 2020 & 2021
3) THESE OLD OIL RIGS AND OLD OIL PLATFORMS IN THE OPEN SEAS IF LEFT ABANDONED WILL POSE A GREAT HAZARD TO PASSING SHIPS = SO MUST BE DECOMMISSIONED AND REMOVED
AND SO UZMA STILL HAS A VERY VERY BRIGHT FUTURE
31/08/2019 6:40 PM
2019-08-31 18:44
Very good
Uzma has broken 1st target price of 75 sen
Now with EPF (Extra Power Firing) buying the next target price of Rm1. 00 is within sight
2019-09-06 18:42
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4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Taehyung
Still early to call a buy unless you are short-term trader !
2019-08-29 09:15