UMW Oil & Gas continues to SIZZLE after debut


Dateline 2013-11-05, Malaysia Chronicle:

UMW Oil & Gas Corp Bhd, which made its debut on the Main Board of Bursa Malaysia last Friday, continued to sizzle on the back of investor confidence of its swelling order book.

Contracts clinched by the group will contribute to its compounded annual growth forecasts between now and 2015.

Its shares closed seven sen higher yesterday at RM3.17, which is 37 sen higher than its initial public offering price of RM2.80.

“UMW Oil & Gas is set to grab a slice of the pie in the region’s oil exploration activities tendered by Petronas, as well as others in Indonesia, Thailand, Vietnam, the Philippines and Myanmar.

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This entry was posted on Tuesday, December 31st, 2013 at 6:00 am and is filed under investment, Malaysia. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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