While the announcement of this exit o&g biz..they are following thevl footsteps of Uncle SIME which divested its own o&g div for RM695mil back in 2011. So more to come lighter balance sheet to be easier for them. Which this divestment of stakes on UMWOG about halve their gearing..total borrowing will be reduced 65 to 68% from about RM8bil.
So nextweek i forsee this ship will continue sail to the north for meet my 1st personal TP's RM5.25, 2nd TP's RM5.50, 3rd TP's RM6.80 and final TP's RM7.50. Maybe can go more far..
For immediate CW, i would like to see UMW-CY up +3 pts 0.02 to 0.05 at current now. It will go beyond 0.10 cts immediate before expiry on May. So i put in my TP's 0.15 - 0.20 cts.
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labu83
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Posted by labu83 > 2017-01-25 08:11 | Report Abuse
Dow 20,000 ini Minggu,bleh ka Bos,