KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day. The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
Uzma Bhd surged to its highest level since mid-June after delivering record earnings for FY2025, prompting analysts to lift their outlook and upgrade the stock.
Record-Breaking Earnings
FY2025 net profit: RM53.54 million, an all-time high and ~16% above consensus.
4QFY2025 profit: RM19.88 million, up 27.7% YoY.
Strong earnings momentum driven by both oil-and-gas services and diversification into renewable energy.
Strategic Shift Beyond O&G
Pivot into solar EPCC (engineering, procurement, construction & commissioning) is paying off.
Recurring income from solar plant in Kuala Muda, Kedah adds earnings stability.
Public Investment Bank noted Uzma’s execution track record boosts chances for future order book wins.
Analyst Re-Rating
Public Investment Bank: Upgraded to “outperform.”
Phillip Capital: Calls share price correction “unwarranted,” highlighting multi-driver growth pipeline.
Consensus now: Unanimous ‘buy’ among the three research houses covering the stock.
Target price: Average 69 sen, implying +57% upside over the next 12 months.
Growth Drivers Ahead
30% EPS growth forecast in FY2026, led by:
New two-year seismic vessel charter (+RM10m profit contribution).
Large-scale solar farms.
Water injection facility lease.
Satellite venture expansion.
Market Reaction
Shares rose as much as 9.52% to 46 sen, before closing at 45 sen (+8.43%).
Market cap: RM264.8 million.
Trading volume: 10.34 million shares, the most in over three months.
YTD performance: Loss narrowed to ~23% after the rebound.
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