UZMA Stock Forum

Energy services firm Uzma Bhd (KL:UZMA) said on Friday it is working with two companies operating in Papua New Guinea to sell hydrocarbon fuel and products.
Uzma’s 51%-owned subsidiary, Jannatul Firdaus International Sdn Bhd, signed an expression of interest with refined petroleum products company Arafura Energies Ltd and services firm Australian Niugini Services (ANS) for the venture, the company said in an exchange filing.
"The hydrocarbon fuel s...

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-moomoo News MY
Wall Street Summary
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We upgrade our sector call to OVERWEIGHT from NEUTRAL. There was a significant improvement in the upstream services segment’s earnings delivery (against our expectations) in 4QCY23 sequentially, while that of the petrochemical and shipping segments only matches our expectations. With Brent crude prices expected to remain stable at USD84/bbl, we anticipate an increase in Petronas's upstream spending in 2024, aligning more closely with its RM60b a...

Analysts predict Uzma Bhd's upstream segment and new energy division to secure more contracts, boosting earnings. Kenanga Research and Phillip Capital express positive outlook, citing potential benefits from upstream activities and sustainable businesses.