The quarterly result showed 30% improvement over last year corresponding quarter(which is a better comparison for O&G companies which profits are seasonal)... still quite a good result, even though to some it could be better. Share correction is overdone. It should go . back to RM 1 if no other bad news. Just my humble view.

Uzma is a bit disappointment amongst O&G stocks, besides Sap Energy. I have sold all my darling stocks namely Dayang, PetraEnergy, Naim, Carimin and some 50% of Armada. Uzma i am still holding even have sold some 30% stocks when above RM 1. Thinking to sell Uzma to reduce risk as already achieved my this year target return , as other stocks skyrocketed, but not Uzma, maybe insider knows something we don't. So far Petra Energy and Armada announced a very good results...

KYY never picks this stock? From this forum, someone just said this is OTB Miss Universe. I am blessed to have bought this stock earlier, even though not a lot...

UZMA uptrend. Tomo very highly uptrend. It is rotational play for Dayang, Petra , Carimin and UZMA. UMZA is the cheapest now. This quarter result is going to good. Those with confidence should just ignore the noise...

It is great to see this forum has productive sharings and we see less scolding and cursing. I bought Dayang and PetraEnergy earlier then to UZMA lately after the two stocks shoot up a lot. I think very likely will be rotational play and UZMA will play catch up. Special thanks to uncle KYY, Mr OTB and Cool Eye (thru his articles in Nanyang, who recommended Armada) for discovering O&G sectors as earnings recovery sector end of last year. I still hold big amount of shares in Armada and buy aggressively lately UZMA. Blue chips stocks will be CIMB, Genting, Genting Malaysia which are poised to recover...

I hope UZMA and Armada quarterly results will not disappoint me.

I think the reaction is overdone, with short term retail investors selling just like Dayang and Armada previously. It will recover soon

Uzma Bhd started the day on a weak note. The oil and gas stock was under selling pressure, it slipped to a day's low of 92 sen. The selling seems strong judging by the high trading volume of 379.3 million shares. Uzma is the 10th most actively traded counter on Bursa Malaysia today.

The selling was seen as a delayed reaction to the company's announcement last week that its wholly-owned unit is taking legal action against South Korea's Khan Co Ltd (Khan) and Kong Offshore Malaysia Sdn Bhd (Kong).

The legal action is made to recover the overpayment of RM63.14 million works.

However, an analyst who was contacted commented that there was "nothing wrong" with the legal suit as its outcome will either be positive or neutral to Uzma.

"The project was given back to Uzma, and Uzma continued to deliver the project with expenses already booked.

"Should Uzma win the case, there will be a write-back that will reflect positively on their cash flow, but if otherwise, there will be no impact to Uzma as no impairment is needed," the analyst told theedgemarkets.com today.

Naim is good proxy to Dayang. As current price, Dayang price is too risky to bet as i had sold all Dayang shares earlier. Naim is better bet now...

DAP is in many ways do not live up to expectations. But they are still better than MCA. Pakatan is still better choice than UMMO-PAS-MCA, even though they are are not as what is expected when majority of Malaysian voted them last year.

Sin Chew used to pro MCA and is MCA paper. If they continue like this, the paper will be like Utusan. Artilce by 星洲副总编辑郑丁贤 looked professional, but in actual fact, most of the time is one sided when he wrote on Malaysia Politics. I stopped reading Sin Chew long time ago.

Further, Petra is paying 2 sen dividend, if they continue to give additional 4 sen dividend in next 3 quarter , which is likely as they are in net cash position, will give dividend yield of more than 6% at current price....

Petra Energy current quarter EPS of 4.4 sen vs Dayang 5.7 sen. Petra share price only 74 sen whereas Dayang about RM 1.37. Petra is better bet and should shoot up tomorrow...

Very good results, above expectations, price will shoot up tomo. Price dropped too much after govt announced additional casino tax, results shown that the effect is not that much...

Further, Petra is paying 2 sen dividend, if they continue to give additional 4 sen dividend in next 3 quarter , which is likely as they are in net cash position, will give dividend yield of more than 6% at current price....

Petra Energy current EPS of 4.4 sen vs Dayang 5.7 sen. Petra share price only 74 sen whereas Dayang about RM 1.37. Petra is better bet and should shoot up tomorrow...

I think is not Naim selling shares. This Naim chairman already owned around 25% of Dayang shares thru deemed interest by virtue of him being major shareholder of Naim as at Mar 2019 per recent annual report.

Thank you Uncle KYY and Cool Eye. I read KYY and Cool Eye thru Nanyang paper both sees O&G will be recovering strongly early this year and time has proven they are right. This year makes a lot of money from oil and gas stocks. Uncle selection of stocks namely Carimin and Dayang are the best...

Oil rise more than 2.5%. Good news. Dayang has recovered most ground. Soon will be Petra Energy

Oil rise more than 2.5%. Good news

https://www.thestar.com.my/business/business-news/2019/07/10/chinas-egg-prices-surge-as-swine-fever-boosts-demand-for-chickens/

Good news

Oil price jumped by another 2% today. Tomo oil and gas stock will continue uptrend. Thank you uncle KYY for sharing this counter. My second round of making good money from this counter when i bought aggressively again when it dropped to +-95 sen

BlessedInvestor http://www.bursamalaysia.com/market/listed-companies/company-announcem...

Perdana continued to bag more contracts. Good news and share price will jump...

http://www.bursamalaysia.com/market/listed-companies/company-announcements/6208413

Perdana continued to bag more contracts. Good news

Carimin has almost fully recovered to this year high of about RM 1 while Dayang has yet to reach this year high of RM 1.7. The same is for Petra Energy, Naim and Perdana

Oil up 3.5% now. Very positive for O&G counters tomorrow.

On another note, why Uncle KYY website suspended?

http://koonyewyin.com/cgi-sys/suspendedpage.cgi

Oil price increased again Friday US Market. Good for O&G stock in coming week.

Dayang quarter results in next 2 quarters are expected to increase. Dayang price is uptrend again...

https://www.reuters.com/article/us-usa-stocks/wall-st-climbs-on-trade-optimism-dovish-fed-bets-idUSKCN1TJ1MC

https://www.cnbc.com/2019/06/18/trump-says-he-and-chinas-xi-spoke-will-have-extended-meeting-next-week-at-g-20.html

Not many ikan bilis still hold or buy Dayang nowadays. This forum has been quite lately. All major markets jump today due to positive development in trade talks, euro stimulus and fed rate cut. Oil up almost 3% now. Tomo is very positive for local market...esp Oil and Gas

singunsin > Yes all small fish cut hand and legs. Now operator pushing up until 1.2 they only believe

singunsin observation is a sad one but is quite true that small fishes cut hands and legs for sharks with so many selling at 95 sen, 90 sen and below for past few weeks. Now sharks laugh all the way to the bank.

Market will likely continue to recover Monday. Very likely US and China will reach some deals this month as both will not want their economy to be badly affected by trade war...

Last few weeks selldown was mainly due to trade war and overreaction on quarterly results esp O&G as their quarterly results improving if compared with last year corresponding quarter. Since Trump's tariff threat tween on May 5, the S& P 500 has lost about $1.1 trillion in value. That is not included Asia Market. Now that market oversold, recovering is expected. Dayang is expected to show good quarterly result in coming quarter. O&G stock run is not over...

https://www.cnbc.com/2019/05/14/jeremy-siegel-trump-needs-china-trade-deal-to-keep-market-up-for-2020.html?recirc=taboolainternal

Since Trump’s tariff-threat tweet on May 5, the S&P 500 has lost about $1.1 trillion in value.

https://www.theedgemarkets.com/article/dayang-bags-fouryear-contract-roc-oil-sarawak

And Dayang is expected to secure more projects in 2019 (on top of RM 3 billion works already secured) per last friday announcement:

https://www.theedgemarkets.com/article/dayang-bags-fouryear-contract-r...

Agreed with PJSeow. At current 92 sen, value has emerged for Dayang.

Dayang is still stock in focus for profits recovering play.

https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=5141

Its results have been improving ever quarter (if compare quarter by quarter) since 31 March 2018

https://www.theedgemarkets.com/article/dayang-bags-fouryear-contract-roc-oil-sarawak

More projects are expected to secure in near future.

After blood all over place, sharks are accumulating. With all bad news out with good prospects ahead, eg announcement on securing more contracts and good profit next quarter( monsoon season over, traditionally Jan to Mar 2019 are low quarter), can expect to see price slowly recovering to RM 1.20 in next wave...

All bad news are out and next quarter expected to report good profit. Due for rebound soon after this.

Next quarter will report good profit. Too late to sell now....

Dayang alone should make small profit. After consolidating Perdana result then it becomes loss. Also very high interest costs of RM 16 million.

both related companies Naim and Perdana dropped 8%

Dayang AGM 11am today. Anyone attending? Kindly update. Uncle KYY should attend as he is in top 20 shareholders.

https://www.theedgemarkets.com/article/perdana-petroleum-narrows-1q-loss-higher-utilisation-rate

More professional report...

https://www.theedgemarkets.com/article/perdana-petroleum-narrows-1q-loss-higher-utilisation-rate

More professional and balanced report

Well supported. This is stock market.

Looking at this forum, tomo will be blood all over, ie price will drop by 10% to 15%. Sharks will come and take most of panic and emotional selling by retail investors. Sharks love blood. Price will recover quickly in next few days if quarter results beat estimate or not that bad. Over mid term, share price still depends on company earnings. Right issue not necessary bad thing. Dayang restructurings are necessary to solve subsidiaryls debt problem for long term growth. Its subsidiary Perdana has managed to secure more contracts as in recent announcement from Petronas. Oil price has been uptrend lately as well. Investors need to think more...

For Naim the impact is very minimal. For long term, it is positive as the restructuring needs to go thru to solve debts problem of Perdana and the group will emerge strongly.