February 27, 2012

UMW Holdings - Punctured by impairments

Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: CIMBPrice Call: HOLDTarget Price: 7.00




Target RM7.00

UMW's auto division was the only bright spot for the group in FY11 as other divisions were weighed down by impairment losses. But the operating terrain for autos will not be easy this year in view of the rising cost pressure and stringent lending.

Source: CIMB Daybreak February 27, 2012 FULL PDF Report

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