[UZMA BHD：TBRSC项目确认的减值损失]
与PTD2018相比，乌兹马的收入增加了290万令吉或1％，主要是由于截至2019年1月底时收购了子公司Setegap Venture Petroleum Sdn. Bhd (“SVP”) ，但被某些项目的收入减少而抵消。因此，与PTD2018相比，毛利减少了640万令吉或5.7％。
与毛利减少一致，乌兹马报告调整后的PBT减少970万令吉或30％。减少的原因是TBRSC项目确认的减值损失和PTD2018的减值损失转回，抵消了PTD2019中收购SVP的重新计量收益。
与上一季度相比，乌兹马报告调整后的PBT增加550万令吉或66.8％主要是由于毛利改善及重新计量收益以抵销本季度应收账款减值亏损。
前景：
于2019年1月29日及2019年1月31日宣布，Uzma根据股份出售协议的条款及条件完成收购建议，以收购SVP的额外15％股权。
正如2019年3月14日宣布的那样，Uzma的90.25％同系子公司PT Cougar Drilling Solution Indonesia（“PTCDSI”）获得了为PT Pertamina Hulu Energi Onshore West Java（“PHE-ONWJ”）提供的定向钻井服务的合同。合同期限为2019年2月25日至2021年2月25日（两（2）年），延期期权须经SKK MIGAS批准，SKK MIGAS是印尼政府为管理上游石油和天然气业务活动而建立的机构。
于2019年3月19日及2019年3月20日宣布，乌兹马全资附属公司MMSVS集团控股有限公司（「MMSVS」）已获授予为PTTEP International Limited，PTTEP Siam Limited和PTTEP SP Limited提供Onshore Hydraulic Workover Services（340K）的合约。合同期限为2019年3月1日至2022年6月30日（三（3）年），最长延长期限为一（1）年。
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.33 (dividend RM0.015) in 10 months 9 days, total return is 88.1%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.42 in 6 months 5 days, total return is 77.5%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 (dividend RM0.04) in 11 months 20 days, total return is 68.6%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.60 (dividend RM0.0825) in 8 months 7 days, total return is 41.9%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.29 (dividend RM0.008) in 5 months 29 days, total return is 34.5%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.75 in 5 months 1 day, total return is 30.4%
g) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.50 (dividend RM0.035) in 7 months 3 day, total return is 20.9%
h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.63 (dividends RM0.03) in 8 months 22 days, total return is 16.1%
i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.965 in 5 months 22 days, total return is 13.5%
j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.74 in 2 months 28 days, total return is 12.3%
k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.08 (dividends RM0.084) in 10 months 23 days, total return is 5.2%
我希望将我的策略分享给读者，希望他们在阅读后能够表现出色。我正在使用基本面分析（Fundamental Analysis）：
预计公司每年的增长率必须> 14％
我想说服读者学习基本面分析FA以便能从股市赚钱。
我为想从马来西亚股票市场赚钱的读者提供STOCK PICK服务。想订阅我的邮件以从股票市场获取良好回报的人，可以通过 jamesngshare@gmail.com 或我的FB页面 https://web.facebook.com/jamesshareinvest/ 与我联系
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3) 【公司业绩分享会】:
2p.m. – 7p.m.，免费茶和咖啡
7月13日星期六：AG Hotel Penang, George Town 4份点心
7月21日星期日：Hotel Sri Petaling, KL 3份点心
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有兴趣的朋友，可以电邮或PM FB page联络我
email：jamesngshare@gmail.com
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James Ng
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[UZMA BHD: impairment loss recognized for TBRSC project]
The Group’s revenue increased by RM2.9 million or 1% compare to PTD2018 was mainly due to acquisition of a subsidiary Setegap Venture Petroleum Sdn. Bhd (“SVP”) as at the end of January 2019 which offset by the lower recognition of revenue for certain projects. As a result, gross profit decreased by RM6.4million or 5.7% as compared to PTD2018.
In line with the decrease in Gross Profit, the Group reported decrease in adjusted PBT of RM9.7 million or 30%. The decrease was contributed by the impairment loss recognized for TBRSC project and reversal of impairment loss in PTD2018 which offset the re-measurement gain for acquisition of SVP in PTD2019.
In comparing to the preceding quarter, the group reported increase of Adjusted PBT RM5.5 million or 66.8% was mainly due to improve in gross profit and re-measurement gain to offset impairment loss for receivables for current quarter.
Prospects:
As announced on 29 January 2019 and 31 January 2019, Uzma completed the proposed acquisition in accordance with the terms and conditions of the share sale agreement to acquire additional 15% equity interest in SVP.
As announced on 14 March 2019, PT Cougar Drilling Solution Indonesia (“PTCDSI”), 90.25% fellow subsidiary of Uzma had been awarded a contract for the Provision of Directional Drilling Services for PT Pertamina Hulu Energi Onshore West Java (“PHE-ONWJ”). The tenure of the contract is two (2) years from 25 February 2019 to 25 February 2021 with an extension option subject to the approval of SKK MIGAS, an institution established by the Indonesia government to manage upstream oil and gas business activities.
As announced on 19 March 2019 and 20 March 2019, MMSVS Group Holdings Co., Ltd (“MMSVS”), a wholly owned subsidiary of the Group had been awarded a contract for the Provision of Onshore Hydraulic Workover Services (340K) for PTTEP International Limited, PTTEP Siam Limited and PTTEP SP Limited. The tenure of the contract is three (3) years from 1 March 2019 to 30 June 2022 with a maximum extension option of one (1) year.
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James Ng Stock Pick Performance:
Since Recommended Return:
a) FRONTKN (FRONTKEN CORP BHD), recommended on 12 Aug 18, initial price was RM0.715, rose to RM1.33 (dividend RM0.015) in 10 months 9 days, total return is 88.1%
b) GBGAQRS (GABUNGAN AQRS BHD), recommended on 16 Dec 18, initial price was RM0.80, rose to RM1.42 in 6 months 5 days, total return is 77.5%
c) KKB (KKB ENGINEERING BHD), recommended on 1 Jul 18, initial price was RM0.795, rose to RM1.30 (dividend RM0.04) in 11 months 20 days, total return is 68.6%
d) BAUTO (BERMAZ AUTO BHD), recommended on 14 Oct 18, initial price was RM1.89, rose to RM2.60 (dividend RM0.0825) in 8 months 7 days, total return is 41.9%
e) KGB (KELINGTON GROUP BHD), recommended on 23 Dec 18, initial price was RM0.965, rose to RM1.29 (dividend RM0.008) in 5 months 29 days, total return is 34.5%
f) JAKS (JAKS RESOURCES BHD), recommended on 20 Jan 19, initial price was RM0.575, rose to RM0.75 in 5 months 1 day, total return is 30.4%
g) ELKDESA (ELK-DESA RESOURCES BHD), recommended on 18 Nov 18, initial price was RM1.27, rose to RM1.50 (dividend RM0.035) in 7 months 3 day, total return is 20.9%
h) BJFOOD (BERJAYA FOOD BHD), recommended on 30 Sep 18, initial price was RM1.43, rose to RM1.63 (dividends RM0.03) in 8 months 22 days, total return is 16.1%
i) VIZIONE (VIZIONE HOLDINGS BHD), recommended on 30 Dec 18, initial price was RM0.85, rose to RM0.965 in 5 months 22 days, total return is 13.5%
j) SWKPLNT (SARAWAK PLANTATION BHD), recommended on 24 Mar 19, initial price was RM1.55, rose to RM1.74 in 2 months 28 days, total return is 12.3%
k) SERBADK (SERBA DINAMIK HOLDINGS BHD), recommended on 29 Jul 18, initial price was RM3.96, rose to RM4.08 (dividends RM0.084) in 10 months 23 days, total return is 5.2%
I wish to share my strategy to readers, hope that they can perform well after reading this. I am using Fundamental Analysis:
the forecasted growth of a company must > 14% per year
I wish to convince readers to learn FA in order to make money from stock market.
I am providing STOCK PICK SERVICE for readers who want to make money from Malaysian stock market. Those who want to subscribe to my mailing list to achieve a good return from stock market, you can contact me at jamesngshare@gmail.com or PM me in my FB page https://web.facebook.com/jamesshareinvest/
In order to facilitate the query of the company and stock picking articles and videos I have written, an index has been produced. Everyone can find company and stock picking articles and videos from https://web.facebook.com/jamesshareinvest/posts/2302632626670145 by date.
James的股票投资James Share Investing Blog: https://klse.i3investor.com/blogs/general/
James的股票投资James Share Investing Blog Index: https://klse.i3investor.com/blogs/general/blidx.jsp
Facebook Group: https://www.facebook.com/groups/jamesinvesting
This sharing is purely a discussion and analysis of the sector, buying or selling at your own risk. Please Like and Share this post. Final decision is always yours, thank you.
James Ng
https://klse.i3investor.com/blogs/general/211866.jsp
