UMW likely to sustain sales performance

PETALING JAYA: UMW Holdings Bhd is expected to sustain its sales performance following a good start to in the first quarter ended March 31, 2023 (1Q23) where the automotive group saw growth across all segments.

According to MIDF Research, UMW’s management had updated that as of May, Perodua is still sitting on 192,000 bookings, while Toyota had 49,000 bookings, which translates to an average six to seven months of waiting list.