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2017-03-28 10:33 | Report Abuse
ya, agreed with mh87...btw where is mh370;)
2017-03-27 10:54 | Report Abuse
don't worry, today got another round of force selling, clear up contra player 1st
2017-03-24 11:52 | Report Abuse
Write a comment..Uzma receives fishing services award
TheEdgeFri, Mar 24, 2017
This article first appeared in The Edge Financial Daily, on March 24, 2017.
Uzma Bhd
(March 23, RM1.80)
Outperform reaffirmed with a target price (TP) of RM2.03: Uzma Bhd has received another award from Petronas Carigali Sdn Bhd via its wholly-owned subsidiary, Uzma Engineering Sdn Bhd, for the provision of fishing equipment and services.
This two-year contract with an extension option of one year is on call-out terms, and therefore does not constitute a commitment for any specific work. The award nevertheless reflects potential work orders and thus continues to reaffirm our “outperform” recommendation with a TP of RM2.03 based on a 13 times multiple to financial year ending Dec 31, 2017 forecasted (FY17F) earnings per share (EPS) of 15.6 sen
The contract will run for a duration of two years, from February 2017 to February 2019, with an extension option of one year for fishing services across Petronas Carigali’s area of operations.
Fishing services refer to well workover and intervention activities. It is the application of techniques, tools and equipment for the removal of debris or excess material from a wellbore. The fishing operations include an understanding of the dimensions and nature of the “fish” to be removed, the wellbore conditions, tools and techniques employed, and the process by which the recovered “fish” will be handled on the surface.
The execution of the contract depends on work orders to be issued to Uzma when services are required. We therefore maintain that our order book replenishment assumptions of around RM70 million per year at this juncture has sufficiently provided for this contract.
We are encouraged that Uzma’s activities pickup is a signal of recovery for the group, reaffirmed by a slew of new awards which the group has secured to date in 2017. We maintain our “outperform” call on Uzma with a TP of RM2.03 based on a 13 times price-earnings ratio multiple to FY17F EPS of 15.6 sen.
The group’s performance continues to be supported by its around RM2.6 billion order book and tender book of around RM2 billion to last up to 2019. — PublicInvest Research, March 23
2017-03-24 10:42 | Report Abuse
Today seems a force selling day, some banks force sell in the morning, some afternoon
2017-03-09 10:21 | Report Abuse
0.07 almost finish selling, its time to rise!
2017-03-09 10:10 | Report Abuse
MACD crossing, 3rd wave is coming, TP 2.50
2017-03-08 17:12 | Report Abuse
will hit 0.50 in near term...
2017-03-06 09:58 | Report Abuse
Stock: [EWINT]: ECO WORLD INTERNATIONAL BERHAD
2017-04-05 16:08 | Report Abuse
Date Shares Director/
Substantial Shareholder
04 Apr 2017 Acquired
648,000,000 Davos Investment Holdings Private Limited
04 Apr 2017 Acquired
648,000,000 Hong Leong Investment Holdings Pte. Ltd.
04 Apr 2017 Acquired
648,000,000 Kwek Holdings Pte. Ltd.
04 Apr 2017 Acquired
648,000,000 Mr Kwek Leng Beng
04 Apr 2017 Acquired
648,000,000 Mr Kwek Leng Kee