Posted by maxlim > 2014-06-08 11:14 | Report Abuse

UMW Oil & Gas Corp Bhd
Target price: RM4.82 UNDER REVIEW
TA SECURITIES (May 20): UMW Oil & Gas Corp’s (UMW-OG) core net profit of RM55 million for 1QFY14 was within our and consensus’ expectations, accounting for 20% of full-year forecasts.

Q-o-q, it was a decent set of results, although the bottom line was dragged by lower utilisation at the Hydraulic Workover Unit segment as GAIT V was not chartered out, lower commission income from agency sales and UMW-OG had recognised mobilisation fees for Naga 2 in 4QFY13.

We understand that UMW-OG is in the process of negotiating for new contracts for Naga 3, Naga 5, Naga 6 and Naga 7. We forecast that full-year contribution from these new contracts may boost FY15 earnings by 50%, far exceeding FY14’s solid growth of 18%. Results for the upcoming quarters are expected to improve on the back of the maiden contribution from Naga 5, which began its contract with Nido Petroleum Philippines in May 2014; deployment of newbuild rig Naga 6 in September 2014; and contribution from GAIT 3, which began a 2+1 year contract with Petronas Carigali in March 2014.

Posted by inikalilah888 > 2014-06-10 11:21 | Report Abuse

mau hijau pun susah ni....adui....

Posted by ampabella > 2014-06-10 22:59 | Report Abuse

this umwog very very bor doh , hor

Posted by dietrichbonhoeffer > 2014-06-12 16:53 | Report Abuse

How long want to be in this 4.00-4.06 position?

Posted by ampabella > 2014-06-12 23:25 | Report Abuse

this umwog is getting more and more bor doh , hor everyday also like this, tak boleh pakai punya

Posted by dietrichbonhoeffer > 2014-06-13 08:08 | Report Abuse

anyone going to AGM this monday?

Posted by BLITZRIEG > 2014-06-17 15:15 | Report Abuse

Getting slower nowadays............what's wrong with this counter no longer active

Posted by ampabella > 2014-06-17 22:47 | Report Abuse

this counter is jes like 1 big buffalo , very very lazy to move

Posted by inikalilah888 > 2014-06-18 16:02 | Report Abuse

buffalo move abit d...

Posted by faizal73 > 2014-06-19 11:13 | Report Abuse

go start the engin to drilllllll.....

Posted by faizal73 > 2014-06-19 11:17 | Report Abuse

suda lama tido....

Posted by inikalilah888 > 2014-06-19 11:30 | Report Abuse

Gogogogo....

Posted by puteri > 2014-06-19 12:16 | Report Abuse

naik ler kali ni

Posted by faizal73 > 2014-06-19 12:50 | Report Abuse

inikalilah....

Posted by thunderbird > 2014-06-19 14:41 | Report Abuse

aper citer? tiba-tiba melonjak...

Posted by selamba > 2014-06-19 14:43 | Report Abuse

dpt kontrak baru jinvent ptronas

Posted by gusen > 2014-06-19 14:45 | Report Abuse

ini kalilah!!

Posted by thunderbird > 2014-06-19 14:55 | Report Abuse

go go go TP RM4.5..... haha, next TP rm4.8

Posted by bennike129 > 2014-06-19 15:11 | Report Abuse

engine started

Posted by faizal73 > 2014-06-19 15:12 | Report Abuse

go go sudah lama tak cuci mata..

Posted by faizal73 > 2014-06-19 15:47 | Report Abuse

4.2 tday

Posted by inikalilah888 > 2014-06-19 16:16 | Report Abuse

touched 4.2 d...

Posted by bennike129 > 2014-06-19 16:18 | Report Abuse

on fire

Posted by thunderbird > 2014-06-19 16:19 | Report Abuse

4.5 baru cukup kawan, that's for tomorrow

Posted by gusen > 2014-06-19 16:28 | Report Abuse

hope to see three white soldiers!

Posted by inikalilah888 > 2014-06-19 16:51 | Report Abuse

Yeah...Good day UMWOG...

Posted by faizal73 > 2014-06-19 18:36 | Report Abuse

now mata baru ada sihat..

Posted by ampabella > 2014-06-19 23:33 | Report Abuse

finally this lazy big Fatimah is moving, phew..... banyak susah to see her move nowaday , too fat leow, everyday makan makan makan saja

Posted by thek > 2014-06-20 06:03 | Report Abuse

Wait for the past glory of 4.5.. zoom zoom

Posted by adrian0229 > 2014-06-20 09:19 | Report Abuse

red today...sigh

Posted by MyInvest > 2014-06-20 09:32 | Report Abuse

i think will reach RM 4.30 today or by end of the day RM 4.26.. just guess.. :)

Posted by thunderbird > 2014-06-20 09:58 | Report Abuse

4.5 must be lar.... so many rigs, so many projects....damm

Posted by bennike129 > 2014-06-20 10:17 | Report Abuse

gogo!

Posted by puteri > 2014-06-20 10:31 | Report Abuse

yes gogo jgn gostan

Posted by thunderbird > 2014-06-20 10:32 | Report Abuse

4.5,,, come on...

Posted by MyInvest > 2014-06-20 10:37 | Report Abuse

babeee coming to my today's target. :))

Posted by thunderbird > 2014-06-20 10:41 | Report Abuse

ok, i checked the chart today, some big institutions have started to buy in today, i think the show just started, i will hold tight for maximum profit

Posted by bennike129 > 2014-06-20 11:03 | Report Abuse

agreed, this is the time we should stay put

Posted by icecool > 2014-06-20 14:52 | Report Abuse

this counter good for long term investment

Posted by faizal73 > 2014-06-20 14:55 | Report Abuse

block mari..

Posted by thunderbird > 2014-06-20 14:58 | Report Abuse

can't reach 4.3 today

Posted by faizal73 > 2014-06-20 15:11 | Report Abuse

huh.. mybe next week

Posted by thunderbird > 2014-06-20 16:52 | Report Abuse

80000++ units have been done today, confirmed it is uptrend, next week going to north

Posted by ampabella > 2014-06-23 20:18 | Report Abuse

tidur again leow

Posted by faizal73 > 2014-06-24 11:09 | Report Abuse

apa kes pulak ni...

Posted by puteri > 2014-06-24 16:54 | Report Abuse

sakit perot kot banyak sangat makan

Posted by thek > 2014-06-26 18:12 | Report Abuse

Johor menang bola yesterday nite, today all kaki bola masih tidor.

Posted by inikalilah888 > 2014-06-27 09:30 | Report Abuse

fall to sleep again...

Posted by Mcwong > 2014-06-27 16:32 | Report Abuse

Monday will raise .

Posted by cipapo > 2014-07-02 22:01 | Report Abuse

Umwog won USD20 million contract in Philippine ...tomolo flyyyyy!!!