Better outlook for Uzma after challenging year

PETALING JAYA: After a tough year, stable oil prices and a fresh contract is keeping local oil and gas service provider Uzma Bhd on the radar although the current movement control order remains a hindrance to it achieving a higher level of efficiency.

In its report on Uzma for clients, Public Investment Bank’s research unit said it viewed the RM12mil contract the company recently secured from Medco Energi Thailand (Bualuang) Limited “positively” despite its small value.