Just holding the stock patiently until the rollout of Perodua SUV hmm. UMW holds 30% share in perodua. Cant see where is this slump coming from but yea i can still sleep tight
Dun know why it drop like crazy some more after it had already dropped so much. Is it bcos tomorrow xdate n some firms push it down to sapu more of it?
My plan is buy when drop to <3.00 but not everything change with uncertainty of covid-19, unstable politic and oil crisis. Whether to move my target to <2.00 or wait? As next QR probably will be bad.
(Reuters) - Singapore's health ministry confirmed 942 new coronavirus infections on Saturday, a new daily record, taking the total number of COVID-19 cases in the city-state to 5,992.
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The vast majority of the new cases are of "work permit" holders living in foreign worker dormitories, the health ministry said in a statement on Saturday.
Yalor. Malaysian like active stock including O&G counter even oil price at record low. This one is Oldman stock n people dislike. Suppose tutup mata also above 2.50 now. Need patient for this slow motion Toyota to accelerate
UMW Toyota to re-open selected service centres nationwide
(theedgemarkets.com / April 21, 2020 08:42 am +08)
KUALA LUMPUR (April 21): UMW Toyota Motor Sdn Bhd (UMWT) is set to re-open selected service centres nationwide.
In a statement yesterday, UMWT said it had received approval from MITI to re-open selected authorised Toyota service centres and will operate selected outlets for emergency and urgent service requirements only, at minimum capacity.
It said following the extension of the Movement Control Order (MCO) until April 28, MITI has given permission for car companies to resume aftersales services at selected outlets.
UMWT said that the services are by appointment only.
“Customers will have to contact the respective nearest service centre to confirm if the services centres are in operations and to secure suitable appointments before visiting the service centres.
“Customers are also strongly advised to keep in mind that the MCO restrictions on their travel,” it said.
The company said with regards to those vehicles purchased from UMWT or their authorised dealers with existing warranties that are valid and expiring during the MCO period, there will be a 30-day extension calculated from the last day of the MCO.
UMWT president K Ravindran said all Toyota vehicles sent to the service centres will receive a thorough inspection to ensure they are in good running order.
“However, we also urge customers to adhere to the regulations of the Movement Control Order and help to stop the spread of the COVID-19 virus,” he said.
Why I opt UMW :-Summary of company stand....(as of end of 2019)
Total Assets : RM 11 billion
Total liabilities : RM 5 billion
Total cash @ bank : RM 1.4 billion
Retained profit : RM 3.1 billion (any time can convert to bonus issue to shareholders in future)
**If based on the company profile, this company can file bankruptcy, you think how many % of the KLCI listed company will also follow the suit !!!..............
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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....
Chyi21
3 posts
Posted by Chyi21 > 2020-03-06 10:25 | Report Abuse
Umw target price still in region of 4?