Brent from 35 to 43 uzma price not react on it as ppl wait for confirmation output extend. Last week we see uzma high volatility. Now the brent is stable above 40.. Still set TP for 75.
Goldman Sachs sees a correction in oil prices on the horizon even amid a significant recovery in the last month and the recent decision by OPEC and its allies to extend historically large production cuts through July.
“With oil now above $40/bbl, supplies will be incentivized to return, but we believe the risks to the downside have increased substantially and are now looking for a 15-20% correction which may already be underway after Monday’s modest sell-off,” Goldman Sachs’ commodities research team led by Jeffrey Currie wrote in an analyst note on Tuesday.
“Despite the rally, we have been hesitant to recommend a long position this early in the cycle for several reasons,” the analysts wrote.
Surplus oil inventory of an estimated 1 billion barrels has piled up as the world’s economic activity and travel remains largely at a standstill amid coronavirus fears.
There’s also widespread uncertainty over a demand rebound, with health authorities stressed the risk of a second wave of Covid-19 infections plunging countries back into lockdown.
Why should I run when the oil crash? Instead, I should jump in and add more. One advice that I got when investing in the stock market is purchase the stocks with the aim of holding for the long term. There are several O&G stocks that are fundamentally sound. Thus, my opinion is to buy when their prices are down. Over the long term, the fundamental prevails. All the best...
@keychain, how ya?it spike up alr? Or further down?u guess tml is up or down? Oil and gas need long term to recover, now technology is the best...dun chase oil and gas counter ...
I am waiting for second wave of covid... But that time i wont bought because when secojd wave come whole world is crash and u will enter the economy crisis...that time rich and poor ppls will be in the same level..
With 1.50 NTA, 2b order book, research house still said not yet reach the estimated order book. Like to say Uzma future is very bright and look forward.
We applaud this new contract as Uzma has proven to be one of the very few brownfield service providers that continue to actively secure contracts amid a shaky operating environment. While ensuring the Group’s earnings visibility until FY23, we keep our forecasts unchanged nonetheless as we account for this as orderbook replenishment, while maintaining a conservative stance on earnings given the downside risks in the sector. Our Trading Buy call and TP of RM0.76 is maintained. Despite multiple encouraging developments of late, Uzma is currently trading at only 6.5x forward PER which we think is unjustified given its relatively stable business and earnings prospects.
So happy to see all the oil and gas counter in red sea....this is not the timing to enter yet la..go play glove and technology counter firsr..earn enuf just come back..wait until covid almost to clear in us and other countries just come back.m
I thk oil and gas counter will be no show for certain time..hihi...will only.come back after glove and technology counter..hihihi...maybe need few months..after the covid really start to cear
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....
moneyfind
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Posted by moneyfind > 2020-06-09 07:08 | Report Abuse
Brent from 35 to 43 uzma price not react on it as ppl wait for confirmation output extend.
Last week we see uzma high volatility.
Now the brent is stable above 40..
Still set TP for 75.