I wish to challenge you that the growth of Oil And Gas maintenance players performance will be good for next 2 to 3 years. It will be good until at least 2020/1. I had done my homework many ... many times, I wish to debate based on facts and figures. I do not have any insider information, all information I gathered is from quarter result or report. Look at quarter result performance as follows :- https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7250
You need to be patience for this stock. The highest price of Uzma is 4.18 according to my chart. Uzma never lost money in last 5 years, Carimin, Dayang and Penergy lost money in 2016/7. You can check the latest quarter result, profit before tax is almost at the highest. https://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=7250 Q1 2020 to be released in November 2019 will be very good.
Do not listen to rumour, please do your homework and check my statement. Thank you. Ooi
1. Naim (95.5sen) No of share volume: 514m Market Cap: 491m
2. Dayang (RM 1.93) No of share volume: 965m Market Cap: 1862m
Naim have 26.4% stake in Dayang = RM 491.6m = whole Naim value. These Naim 26.4% investment in dayang already is its entire market value give rise to Naim core assets are essentially FREE.
Among Naim FREE assets are 2600 acre of landbank situated in 3 flagship property project in Miri, Kuching and Bintulu + construction orderbook (RM 2 billion including pan Borneo highway),
Despite, possess so many assets and investment in Dayang 26.4% stake + 10% stake in Perdana, Naim balance sheet remain very healthy with cash holding RM 310m, and short+long term borrowing RM 510m.
Next month is Sarawak state budget, many infrastructure project including coastal highway, trunk road are awaiting to be awarded. Naim is key highway beneficial in the state.
Contract for decommissioning of offshore oil rigs had been awarded to T7Global by Petronas Carigali SB, I hope next contract will be awarded to Uzma. Uzma will move up north fast once the contract is awarded. This will make Calvin Tan's recommendation of switching from Uzma to Netx a laughing joke of the day. Thank you.
Full momentum for this counter will soon reflect in it's price as accumulation has started by shaking the weaker holders at 0.56 level til 1.10, any good news will propel the price further. The longer term uptrend has already formed,and since OGSE still great potential, I strongly believe it has more legs to perform better.
if you have invested in this counter and currently still enjoying some profit, then it is best strategy to hold it for few more quarters to ride the growth.
The lowest price transacted this year was 0.55 which implies that it's price had so far gone up 100% only!
Another strong point,it is the likely candidate to be selected as the participant of renewable energy project to announce in Dec 19.
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HuatRex
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Posted by HuatRex > 2019-10-18 22:44 | Report Abuse
Monday will drop below 1.00