Bursa Malaysia Stock Watch
UMW - OSK raises target price on UMW
kltrader
Publish date: Tue, 05 Oct 2010, 02:07 PM
kltrader
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Stock Name: UMW
Company Name: UMW HOLDINGS BHD
Research House: OSK
OSK Research Sdn Bhd has upgraded its target price on UMW Holdings Bhd to RM8.38 from RM8.20 previously with its "buy" call retained based on standard operations procedure.
UMW has posted year-to-date gains of only six per cent versus the double-digit returns of its smaller peers, the research house said in a statement here, today.
The comeback of its oil and gas segment by financial year 2011 (FY11) will also spur further interest in the stock.
Trading at an attractive FY11 price-to-earnings (PE) of only 9.4 times versus nine to 10 times of its peer average, OSK also considers UMW a bargain in the auto sector.
It noted that the counter historically trades at a premium, given its Toyota and Perodua exposure. -- Bernama
Company Name: UMW HOLDINGS BHD
Research House: OSK
OSK Research Sdn Bhd has upgraded its target price on UMW Holdings Bhd to RM8.38 from RM8.20 previously with its "buy" call retained based on standard operations procedure.
UMW has posted year-to-date gains of only six per cent versus the double-digit returns of its smaller peers, the research house said in a statement here, today.
The comeback of its oil and gas segment by financial year 2011 (FY11) will also spur further interest in the stock.
Trading at an attractive FY11 price-to-earnings (PE) of only 9.4 times versus nine to 10 times of its peer average, OSK also considers UMW a bargain in the auto sector.
It noted that the counter historically trades at a premium, given its Toyota and Perodua exposure. -- Bernama
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