Obviously the rain failed to extinguish the fire. One thing I learnt from trading stocks, never predict the stock's price movement or rely solely on chart/data
It has gotten the attention of big players... so hang on until it reaches RM1... Uzma needs to catch up to Deleum which is their natural competitor except Uzma has been getting the big contracts recently
It breaks the 0.7 resistance and seems to be a lot of demand last friday. If it breaks 0.8 next week, it will be aligned with all the contracts UZMA eon so far. LuZMA won more contrcts than other companies but the stock orice is undervalue.
Uzma: Bags 3-year job worth MYR30m from Petronas Carigali. Oil and gas service and equipment provider Uzma has bagged a MYR30m contract from Petronas Carigali to provide electrical submersible pump (ESP) equipment and services for the latter's wells in Malaysia. The duration of the contract will be for three years until 24 Jan 2026. (Source: The Edge Market
Uzma and Petra jointly won the Sarawak onshore project , anybody knows the progress of this project now ?? IF not wrong that is 29 years contract project ...
yes.. but can not find the info from both Petra and Uzma report .. I believe the magnitude of projects depends on the number of oil rigs that Petronas would like to dig and explore ..
malaysia oil counter back to fear market again. bright side : only strong profitable will go up down side : all O&G will downtrend cuz of fear depends on which side u want to look at
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.
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 ..
I will be collecting this counter slowly. For medium term. I like their involvement in the LNG business. With China biggest plant going online sometime later part of this year, I believe there will be some interest there. hahaha.
Private placement is Tesla. Elon musk buying Uzma cuz Uzma solar system technology others don't have. Uzma engineer's designed thier very own tech that users less voltage but produces higher power. Elon musk doesn't have this technology.
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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....
Hwai Hooi
2,249 posts
Posted by Hwai Hooi > 2023-02-24 16:17 | Report Abuse
got fund come in push