Friday, October 4, 2013

New IPO #1: UMW OIL & GAS CORPORATION BHD (5243)


The application for the IPO shares under the Retail Offering will now open at 10.00 a.m. on 3 October 2013 and will remain open until 5.00 p.m. on 14 October 2013 or such other date or dates as the Directors and the Joint Managing Underwrites may decide in their absolute discretion.

Application can be made through ATM or online application such as CIMB Clicks and Maybank2U with minimum subscription on 100 units.


Principal activity: Engaged in the provision of offshore drilling and oilfield services.

Recommendation: Good prospect for long term investment. (BUY and HOLD)

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