Agreed with u Jasontan. No chances to make money if just depend on news. Believe it base on our analysis then we can see it thru. Thanks for your opinion and good advice.

I quite not understand why suddenly the share price keep increasing since last 3-4 days but no any breaking news about the company was reported in main media. No any reaction from investment banker and analyst. The only assumption can be made now is becoz the world oil price is higher. Maybe the insiders know the company story and they start accumulating the share silently first before the story will be publicly expose to public in anytime soon. But for me, it looklike i had already miss the boat to pick-up the share in lowest price.

With the combination strong balance sheet (minimal debt and strong cash) and company is still capable to achieve small profits although in this downturn o&g industry, hopefully the good performance of company can deliver a better share price performance of this company soon.

Even now 6 out of 7 rigs is under contract but the company still in loss making. Very difficult to predict the future direction of this company and same goes to future share price.

Maybe the upcoming quarter results is not good cause the price suddenly below 1.30 after sustains for long time.

The good news of umw og keep flowing recently but the stock price so stubborn to move up or down... No any sign of the price whether go to south or north

rsi gradually dropped from 79 point yesterday to 72 point today which indicated selling pressure. Hopefully, a good quarter result can counter this dropped.