“We think that the worst is likely over for the group and expect its earnings to pick up in coming quarters, ’’ AllianceDBS Research said.
PETALING JAYA: UMW Holdings Bhd
business divisions are set to rebound strongly in financial year (FY) 2021 driven by higher sales volume.
AllianceDBS Research raised its earnings forecast by 7%-10% for financial years (FY) 20-22 on the back of the assumption of higher auto sales and margins.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!
