BUY UZMA (7250) AT 62 SEN. TARGET PRICE RM1.20
Now is the time to buy Uzma at 62 sen. The upside is almost 100% at Rm1.20
And these are the prevailing reasons for buying Uzma
At 62 sen with NTA of Rm1.54 Uzma is selling at a 60% discount to NTA.
2. Taking Ben Graham 30% Discount to NTA of Rm1.54 for margin of safety Uzma should be valued at Rm1.08. But we target it at Rm1.20 because Uzma has won many Job contracts which will translate it to exceptional earnings
3. Due to 3 IB (Investment Banks) downgrade & Kwap selling Uzma is now at bargain basement levels. Hence of all OGSEs Uzma offers the best bargains.
4. ONLY PREVAILING NEGATIVE SENTIMENT WAS DUE TO KWAP RELENTLESS SELL DOWN. BUT THIS PRESENT US A WONDERFUL OPPORTUNITY TO BUY UZMA AT SUCH OVERSOLD PRICES
5. SETH KLARMAN FUND STARTED TO BUY WHEN BIG FUNDS WERE SELLING GOOD SHARES (LIKE KWAP SELLING UZMA NOW)
AS A RESULT OF HUGE POSITIONS SETH KLARMAN TOOK DURING UNNECESSARY OVERSELLING HE LATER BECAME A BILLIONAIRE FUND MANAGER
6. Monsoon now over the 16 Oil decommissioning jobs should register better profits for August 2019 & onwards
7. Uzma Directors and Insiders are now so sanguine that they are buying Uzma shares from open market with their own hard earned monies. Among those sanguine over Uzma are Uzma Top Boss, Director of Sales & even Uzma CFO.
8. At 62 sen Uzma is even cheaper than Rights Issue at 75 sen which Directors took up in year 2014
9. In year 2014, 2015 & 2016 when Oil Price crashed below USD 50 per barrel Uzma was performing spectacularly as Uzma can do well both in good and bad times. In good times Petronas will do more oil exploring and in bad times Petronas will dismantle & decommission more oil platforms. In all areas Uzma has the expertise.
10. With all the above converging positive factors Calvin Tan Research is now calling for a strong buy on Uzma. Anything below 65 sen just buy as much as you can afford.
Calvin Tan Research
Jurong West, Singapore
Please buy/sell after doing your own due diligence