yes, up up up uzma, this time break 1.20!!

Uzma also won the Pan Malaysia Umbrella contract for the provision of integrated well services for intervention,workover & abandonment for Petroleum arrangement contractotrs. Pending for announcement.

All job running smooth without any machine break down! Last quater they bought alot materials for coming work orders or else it could be better. They are very busy now even until Dec work schedule already fixed.

check with uzma guy, no such hydraulic jet breakdown at all. In fact both SVP and uzma already got umbrella contract from Petronas. Just do not know when they will announce.

The Edge Malaysia Centurion Club Corporate Awards 2019 honours the best-performing companies in Malaysia with a market capitalisation of RM100 million to below RM1 billion. Our objective is to encourage Malaysian companies to be more efficient, competitive and successful while being socially responsible.

Though The Edge Malaysia Centurion Club members may not be large in size and market capitalisation, we think it is timely to recognise these deserving hidden gems with performance and potential to match that of the big conglomerates, and which tend to be overlooked by investors.

And because this membership (RM100 million to below RM1 billion) covers many companies, it is important to distinguish between the good and the bad performers. These relatively smaller companies, which usually fall below the radar of big investment funds, need to be identified and recognised to encourage greater inclusiveness in Corporate Malaysia.

As some of you may be aware, these are the second awards under The Edge that celebrate Corporate Malaysia. The first — The Edge Billion Ringgit Club — celebrates companies with a market capitalisation of at least RM1 billion.

The Edge is in the best position to initiate these awards that promote merit in Corporate Malaysia. Over the years, since our inaugural The Edge Malaysia publication in 1994, we have earned a reputation as Malaysia’s leading financial and business publication. We have proved our integrity in providing unbiased, timely, independent and insightful analyses and commentaries on Corporate Malaysia.

I am happy to report that we are the only traditional print media in Malaysia, and one of the few around the world, that has continued to grow our readership and sales in print as well as digital platforms despite the onslaught of online news and social media.

And the fact that our award methodology and criteria are transparent and independently audited lends credence to The Edge awards, which are coveted by Corporate Malaysia. Our awards are strictly merit-based.

The Edge takes pride in promoting meritocracy and driving greater competitiveness in Corporate Malaysia. As a business owner myself, I believe private sector is best placed to take risks, invest, create future demand and propel the economy forward, with the government as a facilitator in providing a supportive environment and a reliable regulatory regime.

The Malaysian economy needs private investment growth to create employment, raise incomes and share prosperity — now more than ever — in the light of constrained public spending and consumption.

Malaysian companies need to step up their game, take more risks and be proactive in seeking out opportunities and embracing technologies to stay ahead of competition, especially so in the digital globalisation age where competition is not limited to your home country but extends to the region and globally.

Beyond governance and transparency, the financial performance of public listed companies is crucial as it affects the stock price, their ability to deliver returns to shareholders and gain access to the capital market. Without a thriving stock market, the capital market cannot function effectively.

That is why these awards and recognition are important.

Besides serving as a guide to the public as to the best companies to invest in sustainably, this recognition by The Edge through The Edge Malaysia Centurion Club Corporate Awards will help winning companies improve their exposure amongst the investor community, build brand awareness and enhance their growth potential.

A big thank you to our partners for The Edge Malaysia Centurion Club Corporate Awards 2019 — presenter CIMB Group Holdings Bhd, main sponsor Matrix Concepts Holdings Bhd and official timepiece Hublot represented by The Hour Glass Malaysia — for their support.

Last but not least, congratulations to all the winners for their exemplary performance.

A compound annual growth rate (CAGR) of 12% saw oil and gas long-timer Uzma Bhd win The Edge Malaysia Centurion Club corporate award for the Highest Growth in Profit After Tax Over Three Years in the energy sector for the evaluation period of the financial year ended June 30, 2015 (FY2015) to FY2018.

Uzma’s PAT expanded from RM5.3 million in FY2015 to RM17.6 million in FY2018, an especially creditable achievement amid low oil prices that bottomed out at US$26 per barrel in mid-February 2016 after a steady decline since August 2014, when it fell below US$80 per barrel.

Uzma changed its financial year from end-December to end-June during FY2018. Still, its numbers are impressive.

Uzma is a diversified O&G service provider. In the upstream sector, it handles aspects of exploration, development and production processes and in the downstream sector, it offers facilities and plant construction, operations and maintenance processes. Though it has deep roots in Malaysia, Uzma has also expanded abroad with operational offices in Australia, Indonesia and Thailand, among others.

Much of Uzma’s success is due to its founder, managing director and CEO Datuk Kamarul Redzuan Muhamed, who is also its largest shareholder. Together with his wife Rozita Mat Shah @ Hassan and via their vehicle, Tenggiri Tuah Sdn Bhd, they control 34.16% equity interest in the company.

After acquiring a wealth of experience from Esso Production Malaysia Inc and stints in Sedco Forex, Smedvig Technologies Sdn Bhd and Roxar Sdn Bhd, Kamarul set up Uzma in 2000.

Other substantial shareholders of Uzma include the Employees Provident Fund (9.36% equity interest) and Urusharta Jamaah Sdn Bhd (a special-purpose vehicle set up by the finance ministry to receive the underperforming properties and equities of Lembaga Tabung Haji with 8.21% equity interest). Another notable shareholder is Chua Sai Men, son of Tan Sri Chua Ma Yu, with a 1.64% stake or 5.25 million shares. Most of Uzma’s top 30 shareholders are institutional investors, according to Uzma’s latest annual report.

In its financial year ended June 30, 2019, Uzma registered a net profit of RM29.7 million on sales of RM443.44 million. As at end-June, the company had fixed deposits with licensed banks amounting to RM38 million, cash and bank balances of RM24.48 million and reserves of RM188.44 million. Long-term debt commitments stood at RM420.99 million and short-term borrowings at RM84.78 million. Uzma’s finance costs for the year totalled RM29.15 million.

The company raised RM49.46 million from a private placement in 2018, some 60% of which was utilised for capital expenditure and 30% to repay borrowings.

On its prospects, the company says, “Barring any unforeseen circumstances, the directors remain optimistic about the group’s prospects for the next financial year.”

Uzma has an order book of RM1.2 billion, which will provide earnings visibility and keep it busy for the next two to three years.

While the past few years have been favourable for Uzma, the coming year will be an interesting one because of a new business venture in Indonesia. Uzma recently entered into the provision of electrical submersible pumps in the country, which management is confident will have a positive impact on its bottom line, considering Indonesia’s huge market.

Other than the Indonesian foray, Uzma has also been making inroads into the plug and abandonment business, which takes place when an oil or gas well reaches the end of its useful life.

Uzma is said to be tendering for as many as 20 plug and abandonment contracts, both locally and internationally. Some of these contracts involve Spanish oil giant Repsol, with which Uzma already has an existing contract, thus improving its chances of bagging these jobs.

how low can they push? below 0.90 ?

hi midas. My email: hometaurus@hotmail.com. Hope to join your group.