calvintaneng Critical Thinking; no investor can make good investment without forming their independent thinking, this requires years of training to be reasonably good at critical thinking. Most savvy investors out there are an expert in Advanced Critical Thinking.
Calvin likes this one
If you look at Warren Buffet Office in Omaha you will notice that it is a 15th storey building surrounded by houses with trees everywhere
Such unblocked views from his office do help in critical independent thinking
That was why he wanted to live in isolated Omaha away from the maddening noise of Wall Street
Now so many naive light eared people have taken the 3IBs wholesale to downgrade and sell Uzma even below 60 sen when they should have taken notice that Insiders were buying
UZMA therefore calls for INDEPENDENT CRITICAL THINKING
What was wrong with the 3 IBs that gave wrong calls? (Especially the rascal Kenanga) Because they exercised "Group Think"
They thought "safety in numbers"?
But if the facts and figures are wrong no matter if 99% give affirmation it is still wrong nevertheless.
And if you are chun chun though no one else agree....stick your ground
TIME WILL EVENTUALLY JUSTIFY THE TRUTH 02/09/2019 9:37 PM
I know the IB who wrote this analyst report regarding uzma, I have a had a discussion on this and agree fully. Staying away and avoiding this sick stock as the results are flash in the pan and cannot be sustained. No dividends, no growth, no reinvestment, no firm contract signed
Calvin seems to be confident, but there are far more capable companies with better financing to deal with this " growth" of orders, which is unconfirmed that uzma will get at good profit margins.
The business is hard and many hungry competitors willing to work just to pay off debts and worker salaries. Why would uzma enjoy high profits and get priority of labor intensive work when many competitors are around?
High revenues, big orders, very very low margins = big losses looming.
One lesson in business, once you drop your prices for your products, it becomes very very hard to bring it back up. As oil and gas firms start tasting lower cost suppliers and contractors that do the same job as the expensive ones used to do, it becomes very hard to convince them to pay more, especially for simple labor intensive work with no specialties involved. Have you ever been invoiced in a decommissioning work before? It hardly requires any talent, and any risk and accidents is not borne by Petronas. In fact, if any accidents occur, you will be redlight and removed from vendor list
FYI if you think you are smarter than everyone and are always right, you need to explore back your stock track record to see if your results match your confidence.
You promoted uzma at 0.805 and watched it dropped to 0.5+ and now up to 0.6+. The business fundamentals have not changed, only your perception.
You still believe world is flat? Even after 99% of the world days it is round? Then how to go to USA if you think you will sail off the edge at any time? Pitiful city harvest pastor wannabe. Stop leading your friends and family into the valley of darkness. It is not fair to them at all.
>>>>>>>>>>>>>>
The results are below our projections though above consensus, accounting for 85.8% and 124.6% of full-year estimates respectively. The drag on this year’s performances were mainly due to lower earnings recognition in 1Q and 3Q resulting from i) higher operating cost, ii) weaker JV and associate contributions, and iii) downtime in two key earnings contributors – D18 and UzmAPRESS. We maintain our FY20-21 forecast as we think projections are already conservative, while also introducing our FY22 projection with YoY earnings growth of 18.8%. Our TP of RM0.57 based on 10x multiple to FY20 EPS remains unchanged. We retain our Underperform call considering its earnings outlook being less exciting at this juncture.
SEE HOW DIRECTOR OF SALES BOUGHT AS HIGH AS 59.5 SEN
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
AGAIN
YOU LIGHT EARED WHO LISTENED TO HEAR SAY FROM OUTSIDERS ARE TO BE BELIEVED?
NO!
WE BELIEVE THE ACTIONS OF INSIDERS/DIRECTORS WHO SPEAK LOUD AND CLEAR BY THEIR ACTIONS
THEY (UZMA BOSS) BOUGHT AT 59.5 SEN WITH THEIR OWN HARD EARNED MONIES!!
SO MUCH FOR 57 SEN TARGET PRICE?
AND WHO IS DATO CHE NAZAHATUHISAMUDIN BIN CHE HARON?
HE IS NONE OTHER THAN THE DIRECTOR OF SALES FOR UZMA
THE NUMBER ONE DIRECTOR WHO IS AT THE VERY FOREFRONT OF GETING NEW PROJECTS FOR OIL AND GAS BUSINESS FOR UZMA (AND THE FIRST TO KNOW ABOUT COMPLETION AND PAYMENT)
AND HE IS SO SANGUINE THAT HE TOOK OUT ALMOST ONE HUNDRED THOUSAND RINGGIT FROM HIS OWN POCKET TO BUY UZMA SHARES FROM OPEN MARKET
DO YOU BELIEVE THE WORDS OF CALVIN TAN RESEARCH WHO CALLED UP UZMA OFFICE AND GET INFORMATION FROM UZMA CFO FIRST HAND OR DO YOU BELIEVE PHILIP WHO LISTENED TO HEARSAY FROM IB?
IS INSIDERS/DIRECTORS CORRECT ON UZMA OR OUTSIDE IB CORRECT?
DO YOU BELIEVE IB WHO GAVE TP FOR UZMA AT 57 SEN?
OR DO YOU BELIEVE DIRECTORS BUYING UZMA AT 59.5 CORRECT?
IF OUTSIDE IB IS CORRECT AT TP 57 SEN THEN DIRECTORS SO STUPID? TO BUY AT 59.5 SEN
THESE ARE INSIDERS WORDS AGAINST OUTSIDER WORDS
AND OUTSIDERS CAN JUST TALK AND TALK BUT INSIDERS BOUGHT AND BOUGHT
Weak as a whole. For the full year FY19 performance, the Group reported lower core net profit by 71.5% YTD to RM10.9m despite a 15.4% rise in revenue. The drags on this year’s performances were mainly due to lower earnings recognition in 1Q and 3Q resulting from i) higher operating cost from the projects that are still at early stages, ii) lower-than-expected JV and associate contributions, and iii) downtime in two key earnings contributors – D18 and UzmAPRESS in 1Q. Although contributions improved this current quarter, recognition was still below expectations. While IWS contributions are likely to remain stronger particularly from the Pulai A field, various Hydraulik Hydraulic Workover Unit (HWU) projects in Malaysia, Thailand and China as well as from SVP, we remain cautious on its operating costs. Orderbook stands at c. RM1.2bn, with RM700m in firm contracts and the remaining from umbrella contracts.
Source : PUBLIC BANK Stock : UZMA Price Target : 0.57 | Price Call : SELL Last Price : 0.69 | Upside/Downside : -0.12 (17.39%)
Back
Although we had already cut our full year FY19 earnings forecast sharply by >50% in the previous quarter, Uzma still reported a weak 4Q core earnings of only RM7.8m. For the cumulative 12 months, the Group reported lower core net profit by 71.5% YTD to RM10.9m (after stripping-out all exceptional items amounting to RM18.8m). The results are below our projections though above consensus, accounting for 85.8% and 124.6% of full-year estimates respectively. The drag on this year’s performances were mainly due to lower earnings recognition in 1Q and 3Q resulting from i) higher operating cost, ii) weaker JV and associate contributions, and iii) downtime in two key earnings contributors – D18 and UzmAPRESS. We maintain our FY20-21 forecast as we think projections are already conservative, while also introducing our FY22 projection with YoY earnings growth of 18.8%. Our TP of RM0.57 based on 10x multiple to FY20 EPS remains unchanged. We retain our Underperform call considering its earnings outlook being less exciting at this juncture.
QoQ improves. Uzma’s 4Q revenue improved 24.7% QoQ attributable mainly to higher contribution from the Group’s Integrated Well Solutions (IWS) segment which saw revenue increase 40.7% QoQ post consolidation of Setegap Ventures (SVP) after the acquisition of a further 15% stake to bring it up to 64% currently. In line with higher revenue, core net profit for the quarter surged by >100% to RM7.8m from a loss of RM4.6m in 3QFY19 as it was supported by an improvement in gross profit margin by 4.6ppt to 39.3% as well as lower expenses by 59.4%. Weak as a whole. For the full year FY19 performance, the Group reported lower core net profit by 71.5% YTD to RM10.9m despite a 15.4% rise in revenue. The drags on this year’s performances were mainly due to lower earnings recognition in 1Q and 3Q resulting from i) higher operating cost from the projects that are still at early stages, ii) lower-than-expected JV and associate contributions, and iii) downtime in two key earnings contributors – D18 and UzmAPRESS in 1Q. Although contributions improved this current quarter, recognition was still below expectations. While IWS contributions are likely to remain stronger particularly from the Pulai A field, various Hydraulik Hydraulic Workover Unit (HWU) projects in Malaysia, Thailand and China as well as from SVP, we remain cautious on its operating costs. Orderbook stands at c. RM1.2bn, with RM700m in firm contracts and the remaining from umbrella contracts. Source: PublicInvest Research - 29 Aug 2019
Texchem Japan Boss didn't buy any Texchem shares but spent lots of Texchem monies and skipped dividends
So wait first
For a share to go up even though it is undervalue there must be a catalyst or a trigger or else price will remain dormant
For Uzma the reason why it goes up although dayang and others are coming down is due to readjustment
Dayang, carimin and Naim went up on good sentiment and results whereas Uzma gone down due to analyst downgrading it
So now there is a reversal as people realised some shares are overvalued and must not chase them and Uzma being so undervalue is now moving back up to it's true intrinsic value
Same goes for Mbsb Bank
the game changer for Rcecap was the locked in govt servants salary deduction scheme
So the turning from a society into a full fledged Islamic Bank has given Mbsb Bank a competitive edge against other Tier 1 Banks
It is an elevated playing field now for Mbsb Bank
All the opportunities of these Tier 1 Banks are also now opened for Mbsb bank
How far and how high can mbsb Bank attain will now hinge on management of mbsb bank
The leadership of Public Bank people being superior has made it outstanding
Hopefully, mbsb bank is able to achieve half of what Public Bank has done
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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....
10218296660755375
641 posts
Posted by 10218296660755375 > 2019-09-01 10:00 | Report Abuse
Many petronas projects yet to announce ..