Posted by ABSBOSS > 2020-11-25 18:19 | Report Abuse

no dividend this qtr?

Posted by ACV2916 > 2020-11-25 19:23 | Report Abuse

Bravo... RM101 million profit for this quarter ! Time to return to its glory days...

Posted by spicyketchup > 2020-11-26 09:06 | Report Abuse

Hoho amazing! Good opening today. Lai lai go buy car year end sales.

Posted by ACV2916 > 2020-11-26 20:29 | Report Abuse

If not because of this afternoon's budget poll, I would not sell it in the morning. Hope no more political drama in near future...

Posted by spicyketchup > 2020-11-30 11:14 | Report Abuse

simply check the profit precovid and now, also compare share price. only a matter of time to go back above rm3.

Posted by rdwidjaya > 2020-11-30 11:37 | Report Abuse

Please don't goreng this stock. This is one of the very few gems in my profile that I wish it goes up steadily. Slow and steady; don't roller coaster ride from goreng :p Don't contra this counter please, only invest when you believe in its medium term upside potential

Posted by ZeaXG > 2020-12-01 11:11 | Report Abuse

Masuked @2.93

Posted by enning22 > 2020-12-02 15:01 | Report Abuse

no worry lah , umw moves back to the glorious ,good old days, nothing wrong.

Posted by Rotty > 2020-12-02 20:42 | Report Abuse

Nice.Hopefully it can maintain above RM3.00. Next resistance is around 3.20-3.30, after that RM4.00 is the target.

Posted by happycool > 2020-12-03 08:45 | Report Abuse

TP4.40 given by icapital

Posted by rdwidjaya > 2020-12-03 09:56 | Report Abuse

Perodua sold 13% more cars in Nov 2020 than 2019. UMW owns 38% of Perodua https://www.theedgemarkets.com/article/perodua-sells-23119-cars-and-records-highestever-singleday-sales-volume-november-2020

Posted by Fundamentalist91 > 2020-12-03 12:00 | Report Abuse

I've held since RM2, now I've taken profit.

Just from my point of view, sales from Perodua is already priced in, you can see that this price right now it at analysts target price already, and they usually know better as they're the professionals. so there's already a limited upside now. (You can see it above, average price target RM2.76).

Another red flag is PNB disposing about 13 Million shares last week, and EPF also disposed some.

But I could be wrong, but I rather trust experts. Hopefully it'll go well for all of you, I've placed a buy at RM2.50 in case the price retreats, but anyhow I don't mind if get or not.

Posted by enning22 > 2020-12-03 15:10 | Report Abuse

market needs to price in post-covid scenario, that is a different market.

Posted by rdwidjaya > 2020-12-04 10:02 | Report Abuse

There are some lifestyle/ priority changes among group of consumers who can still afford to spend on some big ticket items. Real estate is witnessing switch in home buyer's preference towards quality of residential environment (e.g. space for outdoor instead of enclosed gym room), with decreased concerns on distance. Transportation for daily commute, also witnessing increased wishlist to possess own transport instead of sharing public transportation or relying on ride-sharing (if within affordability).

Posted by DestinyL > 2020-12-04 11:57 | Report Abuse

Ahaha, another big surge today

Posted by Stockisnotfun > 2020-12-04 11:59 | Report Abuse

Of course must goreng la else drop at same pace but up slow. You want like that ar?

Posted by oasischeah > 2020-12-04 13:21 | Report Abuse

UMW is following Hengyuan and Petronm.

Posted by MrRightTiming > 2020-12-04 17:45 | Report Abuse

RM3.75 on the way!

Posted by spicyketchup > 2020-12-04 18:12 | Report Abuse

good show today.

Posted by happycool > 2020-12-07 15:21 | Report Abuse

drop over 5% , why ?

Posted by enning22 > 2020-12-07 15:26 | Report Abuse

higher price invites profit taking

Posted by meobamah > 2020-12-07 15:26 | Report Abuse

don't know why.... just hold for 6 months... will back to RM4 for sure. =)

Posted by share_hunter > 2020-12-08 17:04 | Report Abuse

sold mine today after ~50% increase. I love to keep but the gorengness and volatility is too high (up or down in a 6 - 10% daily) nowadays... Love when the increment is small but steady few weeks back (bought it at 2.5)..

Posted by nab8080 > 2020-12-10 17:48 | Report Abuse

damm

Posted by skyjy100 > 2020-12-11 01:54 | Report Abuse

https://www.theedgemarkets.com/article/umws-automotive-business-track-meet-fullyear-target

KUALA LUMPUR (Dec 10): UMW Holdings Bhd’s automotive segment is on track to meet its full-year sales target supported by strong sales in November 2020 by both subsidiary UMW Toyota Motor Sdn Bhd (UMWT) and associate company Perusahaan Otomobil Kedua Sdn Bhd (Perodua).

In a statement today, the group said the automotive segment had steadily recovered from the adverse impact of the Covid-19 containment measures earlier this year with demand boosted by the sales tax exemption incentive announced by the government, effective from June 15 to Dec 31, 2020.

It said UMWT was poised to exceed its revised sales target of 53,000 units for the year after selling 6,267 units in November 2020, which brought total sales to 50,074 units for the first 11 months of this year.

UMW said Perodua also continued to advance strongly, achieving close to 93% of its year-end target of 210,000 units as it recorded sales of 23,119 units in November, including a record-breaking single-day sale of 5,027 units on the last day of the month.

Moving forward, it said Perodua would prioritise on meeting the outstanding orders by year-end to allow as many customers to enjoy sales tax-exempt prices while further bolstering the Malaysian automotive ecosystem with over 90% of its components locally sourced.

President and group chief executive officer Datuk Ahmad Fuaad Kenali said the group continued to sustain strong sales momentum thanked to the sales tax exemption implemented by the government to spur the local automotive industry following disruptions caused by the COVID-19 pandemic.

“With the impressive sales achieved by both UMWT and Perodua year-to-date, we are confident that the momentum will continue in December to achieve our revised sales targets for the year,” he added.

Last year, the UMW group recorded a combined market share of 51.4% with 310,350 units sold by the automotive segment, according to the company's annual report.

Posted by skyjy100 > 2020-12-11 01:57 | Report Abuse

https://www.marketwatch.com/story/oil-edges-toward-50-a-barrel-on-vaccine-optimism-11607603852

Global oil prices top $50 a barrel for the first time since March on vaccine optimism

Last Updated: Dec. 10, 2020 at 10:09 a.m. ET
First Published: Dec. 10, 2020 at 7:37 a.m. ET
By Myra P. Saefong and William Watts
3
WTI, Brent crude touch highest levels since early March

Posted by sten_still > 2020-12-16 16:51 | Report Abuse

is this stock related with mbmr? since both dealing with perodua products

Posted by vcinvestor > 2020-12-16 16:53 | Report Abuse

@sten_still - UMW holds a 38% stake whereas MBM holds a 20% stake in Perodua malaysia

Posted by sujibaby > 2020-12-21 08:55 | Report Abuse

https://www.thestar.com.my/business/business-news/2020/12/21/auto-sales-to-rev-up-from-q2

Posted by Rotty > 2020-12-22 10:31 | Report Abuse

Golden cross took place and support is around 3.20-3.30
Collect on dips.

Posted by limkokthye > 2020-12-24 12:38 | Report Abuse

Wait for 2.80

Posted by wsthong123 > 2020-12-24 12:42 | Report Abuse

Haha lousy counter, no support at all.

Posted by DestinyL > 2020-12-28 10:28 | Report Abuse

Won't up much, can't up when EPF keep selling
I will collect only lower

Posted by yjasonng2020 > 2020-12-29 16:29 | Report Abuse

I thought warrant issuer will press down UMW price to below RM3 to cut down C24 warrant cash settlement, weird, today UMW price is up a bit. May be warrant issuer more busy to press down glove share this week.

Posted by wsthong123 > 2020-12-29 17:32 | Report Abuse

Last min push due to tax exemption extended.

Posted by sujibaby > 2020-12-29 18:16 | Report Abuse

https://paultan.org/2020/12/29/government-malaysia-extends-sst-exemption-period-to-june-30-2021/

Posted by meobamah > 2021-01-07 11:43 | Report Abuse

cheap sale...........collecting

Posted by shark3011 > 2021-01-15 16:35 | Report Abuse

https://www.nst.com.my/business/2021/01/657672/toyota-and-honda-temporarily-cease-production-malaysia#:~:text=KUALA%20LUMPUR%3A%20Japanese%20carmakers%20Toyota,Control%20Orders%20(MCO%202.0).

Posted by share_hunter > 2021-01-25 09:21 | Report Abuse

wow. touch 3 already. good time to buy or wait more?

Posted by Stockisnotfun > 2021-01-25 14:30 | Report Abuse

Can wait after 4 feb. Think investor are afraid of lockdown news.

Posted by DestinyL > 2021-01-29 12:28 | Report Abuse

Getting attractive

Posted by kereta > 2021-01-29 16:18 | Report Abuse

Yeaa~~ wait till next QR people will piss their pants for selling now ahahahaha. lockdown, full shutdown original MCO, lagi people need to drive and buy more cars. You see public transport still pack like shit now during the imitated MCO, because employers no let them have irregular work hours to beat the crowd lol.

Posted by limkokthye > 2021-02-08 16:48 | Report Abuse

now makan pun tak cukup, lagi mau beli kereta?

Posted by spicyketchup > 2021-02-09 04:39 | Report Abuse

Ini one of the favourite counter to short sell right? Pening la since short sell allowed again.

Posted by DestinyL > 2021-02-15 09:48 | Report Abuse

Bet on Jap, UMW have Toyota, one of the best Jap leader
Bet on local made, P2 is getting stronger

Posted by James > 2021-02-16 21:17 | Report Abuse

Need to wait close to rm2 illy worth to enter. Automotive too rely on retailers. Covid 19 not too friendly to retailers.

Posted by BoonSiew1 > 2021-02-16 23:57 | Report Abuse

Will the earthquake in Japan affect the share price of UMW ?

Posted by DestinyL > 2021-02-17 10:05 | Report Abuse

RM2 will not come back until next big disaster, let's be reasonable

It was reported that Jan sales was only marginally lower than December.

Posted by Herng20 > 2021-02-25 19:16 | Report Abuse

For me is a good QR. Any pro here can share about the QR details? Meaning get back to the level before pandemic.. can RM 4?

Posted by Above60percent > 2021-02-25 19:22 | Report Abuse

Looks like second best quarter of the last 12 quarters.