NEW YORK, Sept 1 (Reuters) - Oil prices rose on Friday to their highest in over half a year and snapped a two-week losing streak, buoyed by expectations of tightening supplies. Saudi Arabia is widely expected to extend a voluntary 1 million barrel per day oil production cut into October, prolonging supply curbs engineered by the Organization of the Petroleum Exporting Countries (OPEC) and allies, known collectively as OPEC+, to support prices.
Russia, the world's second-largest oil exporter, has already agreed with OPEC+ partners to cut oil exports next month, Deputy Prime Minister Alexander Novak said on Thursday. Brent crude settled up $1.66, or 1.9%, at $88.49 a barrel. Earlier it gained to a session high of $88.75 a barrel, the highest since Jan. 27. U.S. West Texas Intermediate crude (WTI) had risen $1.39, roughly 1.7%, to $85.02. It rose earlier to $85.81, the highest since Nov. 16.
I’m quite lucky exposed to personal finance, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $ after subsequent investments to date.
I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I'm quite indecisive on how to tackle this market, any advice would be grateful.
Phillip Capital has initiated coverage on integrated energy and technology company Uzma Bhd with a “buy” rating and 12-month target price at RM1.30 pegged to 10x PE (price-to-earnings) multiple on 2025E earnings per share
The unusual thing is that I could not find any meaningful correlation between its revenue and the Brent crude oil prices. This is from both a one to two years lagging and leading perspectives. I interpret this to mean that its performance is not so linked to crude oil prices.
When you compare its ROE trend with its share price trend, you can see that the share price has yet to catch up with the improved performance. This is a counter worth digging deeper into. https://i.postimg.cc/GmLV5mG8/Uzma.png
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....
hng33
20,342 posts
Posted by hng33 > 2023-08-30 20:06 | Report Abuse
Next q result will be much higher at least 2 to 3 x higher than current Q result after stripping out current Q one off impairment RM 18m