New car launches seen to improve UMW sentiment

UMW Holdings Bhd may continue to positively surprise investors going into 2019 as new car models are progressively launched from its stable of Toyota cars.

Its recent quarterly earnings indicate that the worst is possibly over for the group, which had experienced a rather turbulent performance a year ago.

Toyota recently launched new models under its popular range such as the Vios, Camry and Rush with other updated models such as the Corolla Altis being expected next year.

The launch of these new car models by the Japanese carmaker will help bolster UMW’s earnings in the near future as people with older models look to upgrade or to purchase updated designs.

UMW is the biggest automotive player in the country, being the distributor of Perodua, Toyota and Lexus cars in Malaysia and counts the automotive segment as the biggest contributor to its earnings.

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Auto , UMW