Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its Overweight recommendation on the auto sector with UMW as a Buy with a fair value of RM8.92.
It said on Wednesday, March 23 that UMW is its top pick for 1HFY11 given the stock's laggard performance and in view of the turnaround of its oil and gas unit.
OSK Research said while it expects industry margins to decline on inflationary pressures as the prices of raw materials and components rise, it nonetheless 'sees the earnings growth momentum remaining respectable given the higher demand amid the strengthening ringgit in the immediate term'.
Company Name: UMW HOLDINGS BHD
Research House: OSK
KUALA LUMPUR: OSK Research is maintaining its Overweight recommendation on the auto sector with UMW as a Buy with a fair value of RM8.92.
It said on Wednesday, March 23 that UMW is its top pick for 1HFY11 given the stock's laggard performance and in view of the turnaround of its oil and gas unit.
OSK Research said while it expects industry margins to decline on inflationary pressures as the prices of raw materials and components rise, it nonetheless 'sees the earnings growth momentum remaining respectable given the higher demand amid the strengthening ringgit in the immediate term'.
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