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RAM Ratings: UMW performance to improve over next three years


KUALA LUMPUR: UMW Holdings Bhd , which recorded narrower pre-tax losses in its financial year ended Dec 31, 2017, could report an improvement in its operating performance over the next three years, says RAM Ratings.

RAM’s head of consumer and industrial ratings Kevin Lim said on Friday that UMW's improvement would be underpinned by better showing of its automotive, equipment and mechanical and engineering (M&E) divisions.

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