Uzma to gain as PETRONAS intensifies upstream ops

PETALING JAYA: Uzma Bhd, with an order book worth RM2.4bil, stands in a good position to secure more contracts for its upstream oil and gas (O&G) services, translating to improvement in its earnings growth for this year and next.

Analysts are bullish on the energy and technology company as they expect its upstream segment in addition to its new energy division to secure more contracts in the near term, and hence propel earnings amid downside risks.