Let’s see , shouldn’t take long to know the result

If I read correctly, they actually submitted two letters to Bursa , first one is to apply to lift the pn17 status , if in the event of reject by Bursa , then the second letter is to apply the extension.. so , if Bursa approve the application then the second letter shall be void ..

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3370254

Finally , they submitted the application to Bursa for the upliftment of PN17 , subject to the approval from Bursa now ..

AAX is still carry 1.2B of debt , compared with a year ago , it was 6.7B , so , they are in better position now , the key things is if they can maintain the profit more than 200miliions per quarter , that will help them to prove that they have solid business and plans to make profit .

In previous QR , they use 455K of fuel with average cost of USD116/barrel , and the Brent crude cost in April till June is range from 70++ to 80++ , that means . they shall have big saving from the downtrend of oil price as well , lets see the next month result ..

China economic is slowing down for sure , so they may look for cheaper airline when they want to have oversea trip , AAX could be a good choice for them if they want to come to Malaysia , hence, AAX could be in a niche market position now and benefit from current trend ...

https://www.businesstraveller.com/business-travel/2023/07/17/airasia-confident-about-china-demand/

With these new added route , shall bring more profit to the group ..

https://www.klsescreener.com/v2/news/view/1177177/%E9%A9%AC%E4%B8%AD%E8%88%AA%E7%BA%BF%E5%8F%8D%E5%BA%94%E7%83%AD%E7%83%88-%E4%BA%9A%E8%88%AAx%E8%82%A1%E4%BB%B7%E6%B6%A8%E8%BF%919

https://www.thestar.com.my/business/2023/07/14/oil-prices-hit-nearly-3-month-high-as-us-inflation-eases

Oil market is very volatile , this week is 3 months high , then next week could be 3 months low , any single news can spark the market within minute , very scary .. however , it seems like the supply of oil is getting lesser and trigger this uptrend , this shall help to boost the share prices of Uzma , although their business is not directly link to the oil price ..

overvalue or undervalued ?? The PE is only 8.36 now and if they can sustain the current EPS trend (which should be no issue as the business is picking up ) , the PE will be even lower ... the TP should be more than RM 1 if we use PE 10X as reference .

today might break 0.7, Brent crude oil break 80 yesterday , oil market is gaining momentum for uptrend ..

So who is the CEO now ??

PP completed , new shares listed today , no info on buyer . does that means no single big investor involve in this PP ??

If Uzma can maintain the EPS mare than 2.5 (which should be no issue as most the contracts start executing in this q) , then the TP should be more than RM1 based on 10X PE .. right now , Kenaga put RM0.9 and Public Invest is RM1.10

PP done , who bought the 10% of shares ??

MHB is subsidiary of Petronas , hence, this collaboration could help to strengthen their relationship with Petronas as well , a good progress for company , however I still hope they can win more contracts from overseas market which can give them better margin than local business ...

https://www.klsescreener.com/v2/news/view/1171521/uzma-and-malaysia-marine-heavy-to-work-together-to-service-o-g-industry

Something new .. may bring more business to group ...

Based on report from Public Investment , the jobs secured on hand is RM 2.9B , since most of the contact is valid between 2 to 3 years , that means the revenue of the group for next 3 years should be average around RM1B per year versus today around 400 to 500 mils in past few years , that is about 100% increment , the good things is , I don't think that include the LSS4 tariff cost ,which shall be benefited the group start from mid of 2024 (or early , depends on progress of project) ... Hope to hear more good news from company soon ..

https://www.klsescreener.com/v2/news/view/1167663/%E8%A1%8C%E5%AE%B6%E8%AE%BA%E8%82%A1-%E4%B9%8C%E5%85%B9%E9%A9%AC-%E6%89%8B%E6%8F%A129%E4%BA%BF%E8%AE%A2%E5%8D%95

with these new added jobs , the on hand book order should be close to RM3B now , this 50% more compare to end of 2022 , that means they managed to win Rm1B jobs in six month time .. not sure if this break their record in history ..

https://www.klsescreener.com/v2/announcements/view/5200677

"the value of the Contract is estimated at Ringgit Malaysia Four Hundred Fifty Million (RM450,000,000.00) Only for both Package A and Package B over the estimated Contract Period"

Another two contracts won from Petronas , good job .. like to hear more such good news later

If end April they had completed 25% of works , means , high chance the whole project can be completed by end of the year since they do not have financing issue now , so, they can start collecting the tariff by end of the year .. hope management can provide clear progress of this project soon ..

https://www.freemalaysiatoday.com/category/business/2023/06/20/uzma-secures-rm225mil-financing-for-solar-project/
his project is under the government’s Large Scale Solar 4 programme (LSS4@Mentari) and the funds will primarily be utilised to finance the development and construction of a 50MWac (megawatt alternating current) LSSPV plant.




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“Situated in Bukit Selambau, Kedah, this facility will harness solar energy to generate clean electricity, contributing significantly to Malaysia’s renewable energy goals,” it said.


The group said, as of end-April 2023, Uzma’s Kuala Muda LSS4 project was 25% complete.

Uzma secured the bank loan to proceed the solar farm project ... wish the project can be completed on time and start generating profit to company ...

oil price start to rebound after US passed the first debt ceiling vote ...

Seems like management is controlling cost very well this round , hence, the EPS still maintain above 2.6 even during the monsoon period (means less jobs and revenue to O&G companies) .. Hope more investors can notice this ..

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 ..