Disowning umwog is only half of the story. Umw still holds a lot of oil and gas subsidiaries not under umwog that needs to be disposed. Remember that umwog only contributed rm700m+ of impairment in fy16. The remaining balance probably comes from these oil and gas subsidiaries. Most of these companies are overseas which will not get help from petronas.
Huge loss co n with the new entry of Proton Geely n come with many models of appeal like SUV to Malaysians , the profit margin will b further diluted. Eps 6c , previous loss 145 c Pe exceed 85 The present price is overvalued fir sure,
Company kereta dragged into uncharted territory of oil and gas. It's a bad mixture. Semester exercise is very good but soo much lossess incurred already. Management should have given thought very carefully before getting involved in oil and gas. Perhaps pressured into it. UMW would be abetter better stock performer after demerger from umwog.
As announced to-nite, UMWOG shares credited to shareholders on to-day. Prior to this sudden announcement, I can't find any payment date stated in any notice. Funny why the Company so secretive about payment date?
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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....
jackyle
584 posts
Posted by jackyle > 2017-03-13 19:20 | Report Abuse
after it break rm6 consider enough for me liao.