UMW earnings to improve past 2Q20


KUALA LUMPUR: Looking past expectations of a weaker 2Q20, UMW Holdings Bhd anticipates a rebound in earnings on cheaper car prices from the tax incentive and an attractive product pipeline.

According to Affin Hwang Capital research, the Toyota RAV4 will be launched this month while two new CKD models are slated for launch in 2H20.

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