what is happening for this stock why it never breaks RM 6 ? please explain...im very unlucky since bought when the price was very high..now what would be dividend distributed for this share and when it will happen ? all the information around the web and net seems not clear !
Core businesses remained profitable. Excluding the RM1.3b O&G asset impairments and an additional RM900m provision for a financial guarantee for its Indian operations, UMW’s core businesses i.e. autos / equipment / M&E would have registered solid pretax profit of RM671m and a net profit of RM414m in FY16, with autos contributing the bulk of this (72%) at RM300m. UMW’s earnings turnaround will be two-pronged, driven by the O&G exit and growth in the core segments, especially autos and aerospace.I
EPF and KWSP have been buying this Company shares recently. Why ?
Actually, there is a simple reason for the buying: In 2017,UMW is focusing on its core businesses such as Auto and Equipment that contributed RM414 net profit for FY2016. This is a firm evidence that UMW will back to its previous business glory like RM 657million net profit for FY 2014 where its share price hit RM11. Happy investment !!
OTHERS UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY") PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF UMWH BY APPROXIMATELY RM89.7 MILLION ("PROPOSED CAPITAL REDUCTION")
UMW HOLDINGS BERHAD
Type Announcement Subject OTHERS Description UMW HOLDINGS BERHAD ("UMWH" OR "COMPANY")
PROPOSED REDUCTION OF THE ISSUED SHARE CAPITAL OF UMWH BY APPROXIMATELY RM89.7 MILLION ("PROPOSED CAPITAL REDUCTION") Please refer to the attached announcement for details of the Proposed Capital Reduction.
This payback share distribution via capital reduction of about RM794 mil will promisingly push the share price to up to about RM6.20 in a month based on similar history of other counters. Cheer !!
New IPO: Building management systems (BMS), solar thermal systems and energy-saving services provider, Solar District Cooling Bhd aims to list on the Ace Market!
MQ Trader 282 views | 1 d ago
0:17
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 11447 views | 10 d ago
0:17
New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tronx
1,172 posts
Posted by tronx > 2017-03-02 16:46 | Report Abuse
Going up, pls continue, dont drop back
6.00 is coming