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.

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