Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 12.00 |
Showing posts with label UMW. Show all posts
Showing posts with label UMW. Show all posts
March 25, 2015
Slower TIV & TIP on CNY break and weak demand
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 12.00 |
March 2, 2015
July 30, 2014
May 26, 2014
January 22, 2014
Auto-NAP 2014-MIDF-210114
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
November 26, 2013
November 20, 2013
October 18, 2013
September 2, 2013
UMWH - Expect a better 2HFY13
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
July 11, 2013
Auto - Revised NAP to Tackle Challenges Head On
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
May 17, 2013
April 24, 2013
UMW's share rises on contract extension
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
UMW Holdings Bhd's share price rose today on the back of a US$130 million (US$1=RM3.05) contract extension from Petronas Carigali Sdn Bhd for the provision of a drilling rig.
As at 11am today, UMW share perked eight sen or 0.59 per cent, to
RM13.48, with 249,300 shares traded.
Kenanga Research in a note today viewed the contract extension as positive, given the higher charter rates of US$180,000 per day, as compared to the current US$139,000.
"We have adjusted our earnings forecast accordingly, although the impact is immaterial," it added.
The research firm also expects UMW and its subsidiary, Perodua, to retain their leadership in the non-national and national passenger car segment respectively.
UMW announced yesterday that it has been awarded a contract extension for the NAGA 1 contract for a further period of two years, commencing August 20, 2016.
Kenanga has maintained a "market perform" view on UMW with a higher target price of RM14 from RM12.53 previously.-- Bernama
Company Name: UMW HOLDINGS BHD
| Research House: KENANGA | Price Call: BUY | Target Price: 14.00 |
UMW Holdings Bhd's share price rose today on the back of a US$130 million (US$1=RM3.05) contract extension from Petronas Carigali Sdn Bhd for the provision of a drilling rig.
As at 11am today, UMW share perked eight sen or 0.59 per cent, to
RM13.48, with 249,300 shares traded.
Kenanga Research in a note today viewed the contract extension as positive, given the higher charter rates of US$180,000 per day, as compared to the current US$139,000.
"We have adjusted our earnings forecast accordingly, although the impact is immaterial," it added.
The research firm also expects UMW and its subsidiary, Perodua, to retain their leadership in the non-national and national passenger car segment respectively.
UMW announced yesterday that it has been awarded a contract extension for the NAGA 1 contract for a further period of two years, commencing August 20, 2016.
Kenanga has maintained a "market perform" view on UMW with a higher target price of RM14 from RM12.53 previously.-- Bernama
Naga-1 contract extended for another 2 years
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
April 12, 2013
Global Toyota Vehicle Recall for 2nd time
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
April 11, 2013
Secured Naga-4 drilling rig contract worth RM478m
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 13.15 |
March 20, 2013
Affin downgrades UMW to 'reduce'
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Affin Investment Bank downgraded UMW Holdings Bhd to 'reduce' from 'add', with an unchanged fair value of RM12.40 per share, saying the automotive-to-oil and gas conglomerate is fully valued now and offers less compelling risk-reward.
"We continue to like management's drive and handle of the company, and this tactical downgrade is predominantly in reference to valuations as opposed to operational issues," the research house said in a note on Wednesday.
Affin said the risk-reward of UMW is less compelling now given potential earnings headwinds as the automotive sector faces intense competition. It said investors have priced in the listing of the oil and gas division with an estimated market capitalisation of RM1.5 billion.
"All in, we opine that our street-centric earnings is already embedded with a positive analyst bias and as such, there may be limited scope for potential earnings surprises in 2013," it added.
Shares of UMW rose 85.17 per cent over the past one year, while the benchmark stock index climbed 3.18 per cent.
The counter remained unchanged at RM13.24 per share, outperforming the benchmark stock index's 0.17 per cent drop.-- Reuters
Company Name: UMW HOLDINGS BHD
| Research House: AFFIN | Price Call: SELL | Target Price: 12.40 |
Affin Investment Bank downgraded UMW Holdings Bhd to 'reduce' from 'add', with an unchanged fair value of RM12.40 per share, saying the automotive-to-oil and gas conglomerate is fully valued now and offers less compelling risk-reward.
"We continue to like management's drive and handle of the company, and this tactical downgrade is predominantly in reference to valuations as opposed to operational issues," the research house said in a note on Wednesday.
Affin said the risk-reward of UMW is less compelling now given potential earnings headwinds as the automotive sector faces intense competition. It said investors have priced in the listing of the oil and gas division with an estimated market capitalisation of RM1.5 billion.
"All in, we opine that our street-centric earnings is already embedded with a positive analyst bias and as such, there may be limited scope for potential earnings surprises in 2013," it added.
Shares of UMW rose 85.17 per cent over the past one year, while the benchmark stock index climbed 3.18 per cent.
The counter remained unchanged at RM13.24 per share, outperforming the benchmark stock index's 0.17 per cent drop.-- Reuters
February 28, 2013
Focussing on O&G
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 12.30 |
February 21, 2013
Auto - EEV is the way forward
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Company Name: UMW HOLDINGS BHD
| Research House: MIDF | Price Call: HOLD | Target Price: 12.30 |
February 6, 2013
HLIB maintains 'hold' call on UMW
Stock Name: UMW
Company Name: UMW HOLDINGS BHD
UMW Holdings Bhd's oil and gas (OandG) division is expected to report stronger earnings in 2013, said Hong Leong Investment Bank Research (HLIB Research).
In a note today, HLIB Research said UMW is in the midst of restructuring its OandG division and potentially listing it in 2013.
It said UMW Petrodil (Malaysia) Sdn Bhd was yesterday awarded a US$140 million (RM432 million)contract to supply a single combo top tension riser for Sabah Shell Petroleum Company Ltd's Malikai project. UMW Petrodil is a wholly-owned subsidiary of the UMW Group.
HLIB Research said the contract is expected to contribute positively to the 2013 earnings and net assets of the group.
"We expect the award to contribute marginally to UMW's earnings from 2013 onward, as we understand the project's profit margin is only 2-3 per cent (RM10 million).
"It is expected to expand over a two to three year timeframe," it
added.
HLIB Research also maintained a "hold" call on UMW with a higher target price of RM12.28 (from RM10.60), after rolling-forward its valuation into financial year 2014, and ascribing a 12 times price earnings to the automotive and OandG divisions. -- Bernama
Company Name: UMW HOLDINGS BHD
| Research House: HLG | Price Call: HOLD | Target Price: 12.28 |
UMW Holdings Bhd's oil and gas (OandG) division is expected to report stronger earnings in 2013, said Hong Leong Investment Bank Research (HLIB Research).
In a note today, HLIB Research said UMW is in the midst of restructuring its OandG division and potentially listing it in 2013.
It said UMW Petrodil (Malaysia) Sdn Bhd was yesterday awarded a US$140 million (RM432 million)contract to supply a single combo top tension riser for Sabah Shell Petroleum Company Ltd's Malikai project. UMW Petrodil is a wholly-owned subsidiary of the UMW Group.
HLIB Research said the contract is expected to contribute positively to the 2013 earnings and net assets of the group.
"We expect the award to contribute marginally to UMW's earnings from 2013 onward, as we understand the project's profit margin is only 2-3 per cent (RM10 million).
"It is expected to expand over a two to three year timeframe," it
added.
HLIB Research also maintained a "hold" call on UMW with a higher target price of RM12.28 (from RM10.60), after rolling-forward its valuation into financial year 2014, and ascribing a 12 times price earnings to the automotive and OandG divisions. -- Bernama
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