Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Hwang DBS raised its target price of auto-to-oil and gas conglomerate UMW Holdings Bhd to RM10.15 (US$3.22) per share from RM9.65 on strong earnings from its oil and gas division.
Hwang DBS also said Myanmar's political and economic reforms will help UMW's plans to expand into the country's construction and mining sector.
As of 0246 GMT, UMW's shares rose 0.79 per cent against the Malaysian benchmark stock index's 0.18 drop. -- Reuters
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Company Name: UMW HOLDINGS BHD
| Research House: HWANGDBS | Price Call: BUY | Target Price: 10.15 |
Hwang DBS raised its target price of auto-to-oil and gas conglomerate UMW Holdings Bhd to RM10.15 (US$3.22) per share from RM9.65 on strong earnings from its oil and gas division.
Hwang DBS also said Myanmar's political and economic reforms will help UMW's plans to expand into the country's construction and mining sector.
As of 0246 GMT, UMW's shares rose 0.79 per cent against the Malaysian benchmark stock index's 0.18 drop. -- Reuters
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