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.
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?
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%
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
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
187 posts
Posted by Taehyung > 2019-08-29 09:15 | Report Abuse
Still early to call a buy unless you are short-term trader !