Wednesday 24 Apr 2024
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KUALA LUMPUR (July 10): Uzma Bhd's unit Uzma Engineering Sdn Bhd, has bagged a contract for the leasing, operation and maintenance of a water injection facility for Petronas Carigali Sdn Bhd (Petronas Carigali) that carries an estimated value of RM350 million to RM400 million.

In a filing with Bursa Malaysia today, Uzma (fundamental: 1.3; valuation: 1.5) said the contract was for the D18 Water Injection Facility (WIF) and is for a period of five years from March 31, 2016.

"The contract comprises performing complete engineering, construction, installation, commissioning of WIF and provide the operation and maintenance services," it added.

The oil and gas service provider said the contract is expected to contribute positively towards the earnings and net assets per share of Uzma for the financial year ending Dec 31, 2016.

Shares in Uzma closed four sen or 1.69% higher at RM2.41, for a market capitalisation of RM638.36 million.

(Note: The Edge Research's fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)

 

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