Better manufacturing capacity to bolster UMediC

HLIB Research said it expects improved performance by UMediC in the coming quarters.

PETALING JAYA: Medical device maker UMediC Group Bhd is anticipated to see improved earnings in the coming quarters owing to its additional manufacturing capacity and a larger allocation for the Health Ministry under Budget 2024.

Hong Leong Investment Bank (HLIB) Research said it expects improved performance by UMediC in the coming quarters, underpinned by its additional manufacturing capacity that is expected to come on stream by the end 2023, as well as a larger budget for the Health Ministry in 2024.