[%Ggrt%] 
Research by PIB
Outperform – TP of MYR 1.70

“Strengthening Regional Footprint” 

Moving forward, Uzma aims to increase revenue diversification within the region, mainly from Indonesia and Thailand, which could be achieved by pioneering Electrical Submersible Pump (ESP) solutions. We maintain our Outperform call and TP RM1.70 (though potentially reducing to RM1.48 after full subscription of the private placement exercise).

Analyst(s):
Khairul Fahmi, CFA
[%Jmdy%]

$KLSE-UZMA 
Research by PIB
Outperform – TP of MYR 1.70

“Strengthening Regional Footprint” 

Moving forward, Uzma aims to increase revenue diversification within the region, mainly from Indonesia and Thailand, which could be achieved by pioneering Electrical Submersible Pump (ESP) solutions. We maintain our Outperform call and TP RM1.70 (though potentially reducing to RM1.48 after full subscription of the private placement exercise).

Analyst(s):
Khairul Fahmi, CFA
khairul.fahmi@publicinvestbank.com.my