March 5, 2012

UMW Holdings - Drilled on the O&G sector

Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: CIMBPrice Call: HOLDTarget Price: 7.20




Target RM7.20

UMW's management expects a turnaround in the O&G business this year, according to a news report last weekend. While the worst could be over for the division, headwinds for its key auto division in the form
of a tightening in credit lending are an emerging cause for concern.



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