Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: OSK
Company Name: UMW HOLDINGS BHD
Research House: OSK
OSK says UMW Holdings Bhd ended the year on a positive note, with core net income surging 72.3 per cent year-of-year.
OSK remains bullish on UMW’s oil and gas division, which is returning to profitability as all its Naga drilling rigs become fully operational.
OSK maintains earnings on UMW, with an upgraded target price of RM8.92 (from RM8.38) on a higher multiple as the company’s outlook is firmly positive. UMW is our top automotive sector pick. - Reuters
OSK remains bullish on UMW’s oil and gas division, which is returning to profitability as all its Naga drilling rigs become fully operational.
OSK maintains earnings on UMW, with an upgraded target price of RM8.92 (from RM8.38) on a higher multiple as the company’s outlook is firmly positive. UMW is our top automotive sector pick. - Reuters
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