Dateline 2013-12-10, The Star:
CIMB Equities Research has initiated coverage of UMW Oil & Gas (UMW-OG) with an Outperform call as it sets its target price of RM4.57, which is 33.6% above its last traded price of RM3.42.
It said on Tuesday UMW-OG is primarily a drilling company which is benefitting from Southeast Asia’s strong demand for jack-ups and Petronas’s import substitution model.
“Armed with an order book of RM1.4bil, the company is eyeing more jobs as it expands its fleet,” it said.
…
Leave a Comment » | 
investment, Malaysia, oil and gas | Tagged: UMW Oil & Gas | 
Permalink
Posted by Wata
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.
…
Leave a Comment » | investment, Malaysia | Tagged: UMW Oil & Gas | Permalink
Posted by Wata
Yes, ancient history.
Dateline 2013-11-01, The Star:
UMW Oil & Gas Corp Bhd (UMW O&G) made a firm debut on theMain Board of Bursa Malaysia on Friday, rising to a high of RM3.05, which is 25 sen above its final retail price of RM2.80.
It opened at RM3. At 9.01am, it was trading at RM3.03, up 23 sen. There were 27.47 million shares done.
The FBM KLCI fell 4.04 points to 1,802.81. Turnover was 52.18 million shares valued at RM95.05mil. There were 71 gainers, 64 losers and 107 counters unchanged.
…
Leave a Comment » | investment, Malaysia, oil and gas | Tagged: UMW Oil & Gas | Permalink
Posted by Wata
From the Star, dateline 2013-07-30:
UMW Oil & Gas Corporation Bhd has received Bursa Malaysia Securities‘ approval to list on the Main Market.
Its joint-principal advisers Maybank Investment Bank Bhd and CIMB Investment Bank Bhd said in a joint statement on TuesdayBursa Securities had, vide its letter dated July 29, approved the listing.
The listing exercise involved the 2.162 billion shares of UMW-O&G at 50 sen each.
Reports speculated the offer price to RM3 per share, raising up to RM3bil for the conglomerate.
…
Leave a Comment » | investment, oil and gas | Tagged: Bursa, UMW Oil & Gas | Permalink
Posted by Wata
Paypal donations accepted.
Wata - Malaysian Oil and Gas Engineer 