Key Indices
Top Stories
Company Update | Uzma (UZMA MK/BUY/RM0.37/Target:RM0.70)
- We anticipate near-term earnings risk caused by largely industry-wide factors, including normalised seismic contracts, monsoon seasons, and contract novations related to Petronas asset ownership transfers, especially in Jul-Aug 26. Those jobs have begun resuming recently. The risks are mostly priced in as Uzma is trading at a PE of below 3x, and we remain optimistic on its longer-term growth, given that Uzma’s asset-light and nimble business model could make it benefit from opportunities from Searah’s creation. Retain BUY; target price: RM0.70.
Market Spotlight
- The FBMKLCI closed flat at 1,671.62 (-0.69pt) last Friday.
- US stocks were higher after the close on Friday, as gains in the industrials, technology and healthcare sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aemulus Holdings | AMLS MK
- Trading Buy Range: RM0.445-0.45
Beshom Holdings | BESHOM MK
- Trading Buy Range: RM0.565-0.57
Foundpac Group | FPG MK
- Trading Buy Range: RM0.425-0.43
Top Stories
Company Update | Uzma (UZMA MK/BUY/RM0.37/Target:RM0.70)
- We anticipate near-term earnings risk caused by largely industry-wide factors, including normalised seismic contracts, monsoon seasons, and contract novations related to Petronas asset ownership transfers, especially in Jul-Aug 26. Those jobs have begun resuming recently. The risks are mostly priced in as Uzma is trading at a PE of below 3x, and we remain optimistic on its longer-term growth, given that Uzma’s asset-light and nimble business model could make it benefit from opportunities from Searah’s creation. Retain BUY; target price: RM0.70.
Market Spotlight
- The FBMKLCI closed flat at 1,671.62 (-0.69pt) last Friday.
- US stocks were higher after the close on Friday, as gains in the industrials, technology and healthcare sectors led shares higher.
Tehnical Analysis
FBMKLCI, FCPO & FKLI Index Outlook
Traders’ Corner
Aemulus Holdings | AMLS MK
- Trading Buy Range: RM0.445-0.45
Beshom Holdings | BESHOM MK
- Trading Buy Range: RM0.565-0.57
Foundpac Group | FPG MK
- Trading Buy Range: RM0.425-0.43
Key Indices
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