Expansion of production capacity to drive UMC earnings

PETALING JAYA: Potential increase in supply tenders for medical equipment procurement, the commercialisation of new products as well as the expansion of production capacity are expected to drive earnings growth at UMediC Group Bhd (UMC).

Hong Leong Investment Bank (HLIB) Research said due to the change in government, the medical device maker saw delays in public sector medical equipment orders in the first half of financial year 2023 (1H23).