https://www.malaymail.com/news/malaysia/2021/06/18/sarawak-govt-endorses-petros-award-of-oil-exploration-to-petra-energy/1983102

KUCHING: The Sarawak government has endorsed the conditional award by Petroleum Sarawak Bhd (Petros) for Sarawak Onshore Block SK 433 to Petra Energy Development Sdn Bhd as operator of the block and its joint venture partner, Uzma Engineering Sdn Bhd.

Uzma bags RM180m contract from Petronas Carigali

https://www.theedgemarkets.com/article/uzma-bags-rm180m-contract-petronas-carigali

Google Translate from https://www.enanyang.my/行家论股/【行家论股视频】乌兹马-多元化业务拓财源

Analysis: Volkswagen Investment Bank Research

Target price: 95 immortals

ADS

Latest progress:

UZMA (7250, Main Board Energy Unit) is a wholly-owned subsidiary of MMSVS Group Holdings, which has been awarded a three-year oil and gas service contract from Thailand's Medco Energi (milling) company for a period of three years.

Contracts are in the form of "on-call" and therefore have no specific contract value.

ADS


Connoisseur's advice:

MSVS will provide hydraulic well repair services for Millfield. The contract will take effect from March 5 this year to March 4th, 2024.

In fiscal year 2021, Uzma won a total of RM400 million, which has highlighted the company's strength to provide services to old oil fields, and the scope is not limited to the domestic market, but the whole region.

Currently, Uzma hand-held orders are at a healthy level of RM1.4 billion, or 2.5 times the turnover of fiscal year 2020.

Uzma is one of the most active companies in winning new contracts, and the company is actively expanding its business into new fields.

For this year, Uzma has two initiatives, the first is to obtain two licenses from the Energy Commission to import liquefied natural gas and ship liquefied natural gas in Malaysia, and the second is the fourth round of the target large-scale solar power project (LSS4).

In order to expand its revenue source, the company is diversifying its business into new energy fields such as digital, aerospace, geothermal energy, etc., with a total turnover target of RM1.5 billion.

In summary, coupled with the stabilization of oil prices, we raised the net profit forecast for the 2022 and 2023 fiscal year by 14.6%, and the target price was revised to 95 immortals, maintaining a "beyond the market" rating.

Google Translate from Sinchew:
"The large-scale solar energy project 4 (LSS4) list of selected bidders is officially released. Analysts estimate that the companies awarded with 50 MW contracts have promising profit growth prospects, and the annual operating profit will be between 10,000 and 13 million ringgits"

"Malaysia has set a target that renewable energy will account for 20% of power generation by 2025, totalling 7,838 megawatts.

Currently 1,483 MW has been in operation, and another 2,597 MW has been issued. The remaining 3758 MW needs to be issued to achieve the target (2935 MW after LSS4). Among them, 2172 MW (58%) is expected to come from solar installations (if the 823 MW issued this time is included, the remaining 1349 MW or 46% will be solar). The remaining 42% is non-solar power generation."

50+30

50+30

https://www.theedgemarkets.com/article/these-listed-companies-win-bid-lss4-project

Shortlisted company announced https://www.st.gov.my/en//contents/files/highlights/2021-03-12/1615540014.pdf

Brent Crude has breached USD70/bbl

"UZMA venture into Solar and Renewable Energy industry by taking over 2 EPCC company for preparation for Large Scale Solar 4 Tender which is due for announcement this month by Suruhanjaya Tenaga Malaysia."
bila nak announce the winner ni? anybody?

Though there is a possibility that Opec+ will ease production (increase), market seems beleive that the recovering world economy can absorb the additional crude. Brent increases 1+%

Yezza… New Energy business for UZMA.

ONE-off Impairment Loss = MYR4.951M

Sulking not being invited to tender ni... :P

kemon UZMA...Supercycle is indeed has begun... :P

Anybody knows why did the shares jump 8% today?

Good to hear that, bro @brutus . The numbers are from your charting analysis?

Indeed.

Thanks @robotop . Happy holidays