UWC earnings poised for turnaround on increase in orders

Phillip Capital pointed out that UWC had bagged RM30mil worth of new orders in the fourth quarter ended July 31, 2024.

PETALING JAYA: UWC Bhd’s outlook appears promising on the back of an increase in order inflows as well as signs of recovery suggesting that earnings have likely bottomed out in recent quarters and are poised for a turnaround.

Phillip Capital is optimistic about the company given its front-end (FE) segment is turning positive with improving order inflows and an ongoing effort to qualify a new customer.