UWC makes strong debut on Main Market


  • Business
  • Thursday, 11 Jul 2019

According to a Bursa Malaysia filing yesterday, UWC said the revenue for the quarter under review was mainly contributed by its semiconductor industry customers in both sheet metal fabrication and assembly as well as machining segments.

PETALING JAYA: Integrated engineering supporting services provider UWC Bhd made a strong debut on the Main Market of Bursa Malaysia, opening at RM1.10, which was 26 sen above its offer price of 82 sen.The stock closed up 58 sen at RM1.40 with 200 million shares done, making it the best-performing stock on its trading debut so far this year.

UWC is riding on the wave of the Internet of Things (IoT) and 5G wireless broadband technology, as well as the Internet of Medical Things (IoMT) as the group sees growth opportunities from these areas.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bursa's rally continues ahead of economic releases
Trading ideas: MyEG, Axis REIT, Mah Sing, Capital A, Hibiscus, Chin Hin, Carlsberg, I-Bhd
Businesses concerned about rising forex woes
Booming eCommerce bolsters consumption
Sasbadi reports record high quarterly revenue on robust sales
LME takes aim at traders’ Russian metal games with new rules
Helping more city-state F&B businesses to expand overseas
Funds raised by Singapore’s tech startups up 59% in 2023
Fernandes on board Capital A for five more years
China’s prices are too low for buyers to sweat about tariffs

Others Also Read